In case anyone is not aware of BPT's increased interest in shale...

In case anyone is not aware of BPT's increased interest in shale gas here is an extract from Sundance Energy Australia(SEA) announcement (Investor Presentation)of 3 Mar concerning its MOU with BPT:-

"HIGHLIGHTS:
Sundance and Beach signed MOU in October 2009 to form a strategic alliance to jointly identify, evaluate, acquire and develop new unconventional oil and gas assets in Australasia
The alliance is targeting unconventional assets specifically shale
Beach Petroleum MOU
prospects, in which Sundance has had extensive experience in the North American market
Beach invested ~AU$2.36m in Sundance via private placement.
Beach MD, Reg Nelson, appointed to Sundance Board as Non-
Executive Director
Parties to share information concerning new technology developments"

The shales in PEP 168 would appear to be BPT's main motivation in taking a controlling interest in EPR. IMO a BPT takeover of EPR cannot be discounted.

ANZ