at first 31/7/14, "BCPE" were ONLY going to buy out PIIC...

at first 31/7/14, "BCPE" were ONLY going to buy out PIIC interest of 402MM SHARES.

Subject : Notification of the establishment of a new subsidiary in Singapore and the purchase
of ordinary shares in Nido Petroleum Limited

Attention : President of the Stock Exchange of Thailand

The Bangchak Petroleum Public Company Limited (the “Company”) would like to notify
the Stock Exchange of Thailand that the Company set up a new subsidiary in Singapore and the
subsidiary entered into a Share Sale Agreement with Petroleum International Investment
Corporation (“PIIC”) for 402,951,875 fully paid ordinary shares of Nido Petroleum Limited
(“Nido”) on July 30, 2014, in accordance with the resolutions of the Board of Directors Meeting
No. 7/2014 held on July 29, 2014. The main details are as follows:

LINK BELOW.

BCPE 31.7.14

then things changed on the 4/8/14.

many innocent people lost money on this transaction, by Nido recommending that all share holders accept offer 5.5cps. just as the directors would be doing.

looks like they could have stayed on with the hope that share price will eventually rise.

more later.

SEE LINK BELOW.

BANGCHAK WEBSITE

from where i'm sitting things smell a little fishy.

.