Pacific Energy Limited - Panel Publishes Reasons

The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to the application from Pacific Energy Limited dated 14 September 2004 alleging unacceptable circumstances in relation to the off-market takeover bid by Energy World International Limited for all the ordinary shares in Pacific Energy Limited.

Details of the Panel’s decision were announced on 13 October 2004 in Panel media release TP04/92, available on the Panel’s website at: Media Releases.

Pacific Energy Limited

These are the Panel’s reasons for consenting to Pacific Energy Limited withdrawing its application in relation to a bidder’s statement lodged by Energy World International Ltd. That bidder’s statement related to Energy World International Ltd’s off-market takeover bid for all of the ordinary shares in Pacific Energy Limited. On 13 October 2004, the Panel issued a media release regarding its decision.

Village Roadshow Limited 03

These are the Panel’s reasons for concluding these proceedings without making a declaration of unacceptable circumstances or any orders, following acceptance by the Panel of an undertaking from Village Roadshow Limited which the Panel considered satisfactorily resolved the issues before it in the application.

Crescent Gold Limited

These are the Panel’s reasons for declining to commence proceedings in relation to an application by Crescent Gold Limited regarding its affairs. On 2 November 2004, the Panel issued a media release substantially to the following effect concerning the application.

Crescent Gold Limited - Panel Publishes Reasons

The Takeovers Panel has today published the reasons for its decision not to commence proceedings in relation to an application dated 26 October 2004 by Crescent Gold Limited regarding its affairs.

Details of the Panel’s decision were announced on 2 November 2004 in Panel media release TP04/104, available on the Panel’s website at: Media Releases.

The sitting Panel was Kathleen Farrell, Michael Ashforth and Celia Searle.

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