PETROZ NL(PTZ)

former shareholders in this company may have unclaimed money arising from the compulsory acquisition of their shares - deListed provides a tracing service for a small administration fee that identifies where people can find unclaimed monies arising from compulsory acquisitions and also from dividend distributions, super contributions, inoperative bank, building society or credit union accounts, bequests and other sources - please click here for access to our Lost shares, Lost money?? service

we are informed that the Court of Appeal in Western Australia decided in April of this year that the "price" of 89 cents per share was fair - ConocoPhillips has now compulsorily acquired all the shares - proceeds can be collected by contacting Computershare, Perth

the dissenting shareholders have taken their case to the Court of Appeal - the case was before the Court in December 2005 and a decision is expected by mid-year

we understand this matter has been in the court recently and a judgement is awaited - this may take several months

dissenting shareholders have prevented Conoco Phillips from compulsorily acquiring the shares and the matter is before the courts - this may be a drawn out process with outcomes uncertain - the best shareholders can do for the moment is ensure their contact details are correctly recorded with Computershare on (08) 9323 2046

we understand there are legal issues and are awaiting details

we have been frustrated over a lengthy period regarding requests for information about the status of the takeover of Petroz - we empathise with the problems of many shareholders who have enquired, but will persist in trying to establish the status

we understand that dissenting shareholders may have prevented Phillips from moving to compulsory acquisition and we are seeking confirmation of this - watch this space

Phillips Petroleum Company now has 92.7% of the company (having crossed the 90% threshold in early February 2003) - only about 1.6% of shareholdings are owned by small shareholders - Phillips therefore now has the ability to compulsorily acquire all shares

delisted at entity's request

reports that Phillips Petroleum has secured more than 75% of Petroz but will be unable to move to compulsory acquisition of the remainder after rival suitor Italian company Eni confirmed it will retain its 11.8% stake

Phillips Petroleum Company and Petroz N.L. announce that Phillips Australia WA-248 Company Pty Ltd, a wholly owned subsidiary of Phillips, will make a cash bid for Petroz at A$0.70 per share

name changed from Offshore Oil NL