Comments from Andrew e-mail. Nothing revealling except he says they do have a plan and he plans to send out e-mail to all shareholders today and also update them on plan at AGM.
He did go on to clarify that NXS did try to renegotiate offer at 11th hour to using his words " outrageously low offer". Why he didn't say but clearly they had different interpretation on sidetrack results.
In AZA opinion value of the assets have NOT changed ( I will ask if they get independant view of that at AGM) Also mentioned that the Oil price is 25% higher now than at time of offer.
Yes Basker 6 was off structure but Basker 6ST only 380 m away was a barn burner and is now the best well in the field.
3D reprocessed seismic has shown a marked improvement in our clarity of our fields and identified some fantastic prospects
We have a very strong cash flow, debt free and about to expand the dev.
Using his words again he said how can you ask for a better story.
I will Attend AZA AGM but at these prices it is easy Buy for 1.50 until next buyer comes along or they do something with all the cash.
AZA
anzon australia limited
