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significant written offers petroleum assets

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    500 Posts.
    Who ? Who placed the offer

    Date: 24 July 2007
    To: Companies Announcements Office, ASX
    Electronic Lodgement:
    Subject: Offers for Petroleum Assets Rejected
    Number of pages: 1
    Eagle Bay Resources NL (EBR) has received two significant written offers for various
    petroleum assets, both of which included EBR’s interests in PEL-182, and one of which was
    for cash.
    The Board of EBR has formally rejected both offers as it believes that greater shareholder
    value can be created with further development work on the Vanessa Gas Discovery in PEL-
    182 and developments coming up in the offshore Gippsland Basin where EBR holds interests
    in three permits – VIC P41, VIC P47 and VIC P65.
 
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