LoveCCE,Your on the ball. Poster K8SY is on target as well with...

LoveCCE,

Your on the ball. Poster K8SY is on target as well with costs coming up to keep the leases and positions in Braveheart etc.

Below is an extract from a post I put up on MEO forum..may give you all a greater insight into the Albers connection.

Fin Review atricle today notes Albers picked up a profit of around $60M yesterday.

":The Main Players:

A. ALBERS GROUP
B. GASCORP
C. DORAVALE ENTERPRISES PTY LTD
D. CUE
E. MOBY
F. MEO

Player rundown:

ALBERS GROUP:

Headed by ex CUE chief (retired recently) E.Geoffrey Albers and he runs an impressive stable of companies:

Quoting from an Octanex NL document Feb 2009

“Albers Group” means, insofar as relevant in this Explanatory Memorandum, means each of Albers
Custodian Company Pty Ltd, Auralandia N.L., Australian Natural Gas Pty Ltd, Australis Finance Pty
Ltd, Bass Strait Group Pty Ltd, Cue Petroleum Pty Ltd, EG & PJ Albers, EG Albers & EM Larsson,
Ernest Geoffrey Albers, Great Australia Corporation Pty Ltd, Great Missenden Group Pty Ltd, Great
Missenden Holdings Pty Ltd, Pamela Joy Albers, Sacrosanct Pty Ltd, Seaquest Petroleum Pty Ltd,
Strata Resources N.L., The Albers Companies Incorporated Pty Ltd, Wilstermere Corporation Pty Ltd,
Gascorp PtyLtd, Great Missenden Holdings Pty Ltd, Setright Oil & Gas Pty Ltd, Australis Finance Pty
Ltd and Sacrosanct Pty Ltd.

OCTANEX DIRECTORS (OCT..asx code)
E.G. Albers (Chairman)
P.J Albers
G A Menzies

GASCORP:

I always wondered who they were so I checked..not knowing much about this mystery player.

So here you go..the support cast breakdown

Shareholders in Gascorp Pty Ltd No of Shares held
Great Missenden Holdings Pty Ltd 1
Setright Oil & Gas Pty Ltd 2,000,000
Australis Finance Pty Ltd 3,000,000
Sacrosanct Pty Ltd 2,000,000
EG & PJ Albers 3,000,000
E G Albers 4

Total 10,000,005

you might note that all are part of the Albers group.

Gascorp ,of course,were the unlisted company holding a 15% carry free stake in Artemis.

DORAVALE ENTERPRISES PTY LTD:

"The Dark Horse"

In the Octanex Deal done earlier this year to aquire Exmouth Exploration from Gascorp as well as the aquisition
of Strata resources around Feb 09

Link:http://www.nsxa.com.au/ftp/news/021721163.PDF

Doravale appears as the trustee for this transaction.

“Trustee” means Doravale Enterprises Pty Ltd (ABN 69 084 202 362) in its capacity as trustee under
the Trustee Stock Scheme;

Check the company names register with ASIC to find out a bit more.

To recap ..so far we have the ALBERS connected with all the players so far..Hmmmm ???

CUE:

Ahh yes CUE.. Well guess wot! Albers again !! Bugga, he's everywhere...now lets see.

CUE has the other 15% free carry stake in Artemis.

Ex founder and CEO Geoff Albers retired not long ago to pursue other activities.

A check of the share registry would show he still has shares and I would hazard a guess that other Albers Group participants would show up somewhere in the top shareholders..maybe even DORAVILLE???
You need to check this ..let me know if I am wrong.

Now of course if MEO cannot get the drilling of Artemis set by 31 Dec 09 CUE may be in a position to grab back the percentage they gave to MEO as the farm in partner..I am sure this is not going to happen.but you never know.

MOBY:

Dark Horse turning into a great sprinter.

Trained by ..you guessed it! The Albers connection!! Boy,they sure get around .You can check the directors details..my fingers are getting numb.

MEO:

Our favourite player,constantly bashed up and given a lot of lip by the crowd but capable of anything. About to score soon and win the game.

Not sure about that DORAVILLE connection though. Paid out 20M shares on the 9th may to DORA who then flogged 10Mill of them for 55c. Well maybe it was worth the payment.

Nearly forgot...The Albers connection...Geoff Albers used to be a director of MEO along with James Willis who is closely associated with Albers.


So there you have it.What does it all mean you ask. I have my opinion but I won't bore you with it. Follow the leads and come up with your own conclusions.

GASCORP now basically turned into a listed company via MOBY.

Albers leaves CUE and goes straight into the Moby play...Albers buying Albers!!"

Good luck all...all is not what it seems.

Be careful..only punt what you are prepared to lose

HR