The Takeovers Panel has today published the reasons for the decision of the Panel in relation to an application by Sunov Petroleum Pty Limited dated 19 May 2004 in relation to the affairs of Novus Petroleum Limited.

The Panel advises that it has concluded the proceeding arising from the application from Skywest Limited dated 7 May 2004 alleging unacceptable circumstances in relation to the off-market takeover bid by CaptiveVision Capital Limited (CVC) for all the fully paid ordinary shares in Skywest.

The Panel has considered the application by Sunov Petroleum Pty Ltd dated 19 May 2004 alleging that unacceptable circumstances exist in relation to the affairs of Novus Petroleum Limited. It has decided not to conduct proceedings in relation to the Application.

The Takeovers Panel has today published the reasons for the decision of the Panel in the proceedings relating to Data & Commerce Limited.

The Panel has considered the application by Mr G. F. Pauley and Dr G. B. Elkington dated 12 May 2004 alleging that unacceptable circumstances exist in relation to the affairs of Kaefer Technologies Ltd (administrator appointed). It has decided not to conduct proceedings in relation to the Application.

The Panel announces that it has received an application from Sunov Petroleum Pty Ltd, pursuant to sections 657A and 657D of the Corporations Act 2001 for a declaration of unacceptable circumstances and final orders in relation to the affairs of Novus Petroleum Limited.

The Panel advises that it has concluded the proceeding arising from the application made by Radio Australia Pty Ltd and its associate Andros Nominees Pty Ltd on 30 April 2004 in relation to the affairs of Data & Commerce Limited.