two choices, page-14

I don't think it is ONE factor motivating NXS. I would hope not.

Fear of takeover (sequestering the AZA holding in NXS), source of cash flow, Longtom synergies, continuing to diversify their projects and Ian Tscachos' ego would all be factors motivating NXS takeover of AZA.

The first four listed are all good reasons.

Other reasons I expect the takeover to proceed:

....... $4 mil break fee (not huge but still a factor).

........already deomonstrated interest in the BMG field by several other parties. There would be interested spectators sitting on the sidelines awaiting the outcome of this possible takeover....ready to move if the opportunity arises. If AZA is put on the table again, it will not be sitting around long waiting for the next dance.

IMO I would be surprised if NXS do not proceed on existing terms given what we ALREADY know about Basker 6, but I agree with Clark, jpb and others in that there remains some unceretainty.