Source Pravda.Ru

Parker Will Not Boost Australian Oil & Gas Corporation Share Bid

Parker Drilling Company does not intend to increase its bid to purchase the shares and listed options of Australian Oil & Gas Corporation Limited.

On June 6, 2002, Parker Drilling announced its intention to make an offer to shareholders of AOG to purchase all outstanding shares of common stock and listed options of AOG for A$2.50 and A$1.30, respectively. On July 4, 2002, Ensign (Australia) Holdings Pty Limited revised its earlier offers to A$2.60 and A$1.40, respectively, with an automatic increase to A$2.70 and A$1.50 respectively if Ensign acquires a relevant interest in more than 50 percent of the AOG shares on or before July 11, 2002.

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&to=http://www.austoilgas.com.au/' target=_blank>Australian Oil&Gaz

&to=http://www.parkerdrilling.com/' target=_blank>Parker Drillihg

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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