A reserve upgrade today takes AZA 2P interest in BMG to 30mmboe which is a very healthy position. Production is set to increase in the near future and again in early 2010.
ROC has reserves of 20 mmboe from a number of small fields, ROC also has a significant out of money hedge position $150m.
This is a opportunist take over offer and my bidders statement will be going in the recycling bin this week.
Time for the independent directors to do the same!
AZA
anzon australia limited
