CROSBY - 2006 Business Highlights

January 06,2009

Home

About Us

Our Businesses

Investor Centre

News


		Crosby Capital > About Us > 2006 Business Highlights

Management and Director Profiles

Ownership Structure

2006 Business Highlights

2006 Business Review

2006 Business Highlights

January
Crosby's investment company, IB Daiwa, announced the successful discovery of a well-formed and commercially exploitable gas reservoir at the Kami prospect.

March
Techpacific issued US$75 million five-year zero-coupon convertible exchangeable bonds, which were sold to Goldman Sachs International. These bonds can be converted or exchanged to Techpacific shares or Crosby shares.

Techpacific invested US$42.5 million in three oil and gas prospects in Louisiana USA – Big Mouth Bayou, North West Kaplan and Endeavor.

July
Crosby, via its wholly owned subsidiary Buttermere, launched a takeover bid for Marathon Resources (ASX: MTN) valuing the company at A$33.4 million (A$0.68 per share) on a fully diluted basis.

August
Crosby's investment company, IB Daiwa and its subsidiaries and partners, entered into a Joint Venture Agreement with ExxonMobil Corporation to participate in the drilling and potential development of the Endeavor prospect.

September
Techpacific's investment company, Upstream Asia renamed as Upstream Marketing and Communications Inc., was listed on the London Stock Exchange's Alternative Investment Market (AIM: UPS).

October
Crosby, via its wholly owned subsidiary Eskdale, launched a takeover bid for Orchard Petroleum (ASX: OPL) valuing the company at A$147.26 million (A$0.68 per share) on a fully diluted basis.

November
Crosby's revised offer for Orchard Petroleum of A$0.81 per share was unanimously recommended by the Board of Orchard Petroleum. This offer values the company at approx. A$177 million.

December
Crosby Asset Management launched its first hedge fund, the Crosby Active Opportunities Fund ("CAOF").

Copyright by Crosby Capital Limited ("Crosby Capital").
The information on this internet site is not an offer or solicitation for the purchase of securities,
units or investments, unless expressly stated otherwise. While Crosby Capital provides the information in
good faith, it accepts no responsibility for the accuracy, completeness or timeliness of the information.
The information on this site is subject to change without notice and, accordingly, Crosby Capital recommends
that you contact it directly before acting upon material on this website.