Hi templetonLooking at what AOE now hold , they have 15.85...

Hi templeton

Looking at what AOE now hold , they have 15.85 million plus the 4 million recently acquire and 9 million options recently released from escrow.

If we include the options PES has a 123.6 million shares -or will have assuming all options are converted. In these terms AOE already has 25% of PES on a fully diluted basis whereas Shell has about 11.4%.

And someone keeps converting options- my guess that is AOE.
In terms of the t/o speculation, could happen , but it is also possible AOE might see enough on their plate to develop existing ground, LNG plant etc and view PES as a longer term asset and these latest moves could be about protecting their stake, esp considering Mathews and A. Ethical might have been forced to opt out in the mkt wash out.



Cheers

Hendrous