88 Energy (88E) released it's Bidder's Statement.  If you're interested in the finer details of the deal, it's all here: http://clients3.weblink.com.au/pdf/88E/02234339.pdf

As I've said before, expect them to start planning soon for the next big drill, which could be quite interesting once fully financed.  It’s a share, where if you time it right, delivers returns virtually as good as guaranteed (it did an easy 100% last time from the 0.7p placing in the run up to the spud and I highlighted it as a favourite several times in the blog before that run).  It's one I've also profited from many times before.  Obviously, you never hold for the drill result.