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- 11 January 2007
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Re: OUTSTANDING BREAKOUT Alerts!!
QGC - Santos have revised their offer to purchase QGC up to $1.30 a share plus a 1 for 1 share offerQGC shareholders would also receive shares on a one-for-one basis in a `New QGC' that would own a number of QGC's existing highly prospective tenements. The `New QGC', led by the current QGC board and management team, would focus on immediately commercialising these coal seam gas assets. They tentavely value the new company shares at 50c a share thus escalating the TO offer of QGC to 1.80 per share or there abouts. SP now at 1.60 (up from 1.37 today)
QGC - Santos have revised their offer to purchase QGC up to $1.30 a share plus a 1 for 1 share offerQGC shareholders would also receive shares on a one-for-one basis in a `New QGC' that would own a number of QGC's existing highly prospective tenements. The `New QGC', led by the current QGC board and management team, would focus on immediately commercialising these coal seam gas assets. They tentavely value the new company shares at 50c a share thus escalating the TO offer of QGC to 1.80 per share or there abouts. SP now at 1.60 (up from 1.37 today)