Hi all
SO the guys at my LBS tinkered with the bike on several occasions.
We had the BB changed but that did'nt help.
Pedals changed but did'nt help either.

Finally we changed the chainrings and crankset and the noise just vanished.
I now have 105's with a standard chainring 53/39 vs. the compact I had earlier.

Feels great to ride a bike minus THAT noise!