The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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https://www.journalducameroun.com/en/falling-oil-production-shrink-cameroons-gdp-growth/ C'mon Biya. Etinde will give you the resources Cameroon desperately needs (and enough electricity to power Chantal's hair driers)
Without doubt I find it unbelievable that the market is letting them keep buying.... any other company would pop on this amount of interest..
i make it less than 6 million shares or around ,�1.8 million , to go
not many more needed now ,one big buy ,so any time now going over the 30%
40 million is paid out as cash in 2020 if not appraisal wells are drilled..
I thought there was a $40m payout due around now even without the fert plant? also if the Germans don't put funding up surprised Chinese have not taken over presume we get an update at the agm!!!!!!!!!!!!!!!!!!
Wow ! Kevin and co , greedy bastards to the bitter end ! I question their ethics over the decision to drill Bonomo and how they reported post drill. Their deal with VOG says it all and they should been held to account. Its a shame the threat of litigation could not been used to send them all packing FOC.
http://www.lngworldshipping.com/news/view,flng-moves-forward-as-ihilli-episeyoi-reaches-cameroon_50018.htm
I'm not wholly surprised by this, as I don't really see why they kept him on. If you're becoming a holding company, there really is no need for COO, as BLVN won't be responsible for operating either Etinde or Bonomo and there are no plans to acquire and develop additional acreage. They have probably just used Clarkson as a knowledge base/transfer for an interim period before they got a handle of the situation and company
Many thanks.
24 Post Balance Sheet Events Bomono Farm-Out Transaction In March 2017, the Group announced that an outline deal had been agreed with VOG to sell an 80% stake in the Bomono exploration asset. Negotiations are continuing; VOG extended the deadline to 31 December 2017 on 28 September 2017.
11am (UK time) at Hilton London, Tower Bridge, 5 More London Place, Tooley Street, London SE1 2BY on Wednesday 13 December 2017
Anyone know where and when the AGM is on the 13th ?? Ta
But if a T/O was due soon why bother getting rid of him now rather than waiting? Or is this meant as a signal to the markets that we are for sale?
I would say you are correct...
Interesting, No longer any role for this position must mean a full takeover offer of say 45p- 50p is about to take place.
http://www.bowleven.com/sites/default/files/annual-report-2017.pdf
At least things are starting to move in the right direction with FLNG...
Perenco..No relevance to BLVN
I wonder iff the FLNG tanker HILL EPISEYO which has arrived at Kribi from Singapore will have another connection to Etinde..
No need to be too concerned here in my opinion. The Takeover code protects shareholders like us in situations like this. In short, if Crown want to make an offer they can do so at any time or buy through 30% and are compelled to make an offer under the Takeover Code at a price which is at least the highest price they have paid for the shares in the past 12 months as Indridcold has alluded to. In situations like this, Crown's Investment Bank/Broker will be in touch with the Takeover Panel (and I suspect they have already on a no-names basis) to establish exactly what their obligations are as they appear to be on a mission. They will know what they have to offer as a minimum but they will also be acutely aware that the other 70% on the share register know that the value of the company is at least 50p or higher so it would be pointless making a derisory offer of say 40p as it would be costly and would achieve nothing. The Code is also very clear that Crown could not be acting " in concert" with others to acquire more shares than 30% " under the radar" as that would be a clear breach of the Code and advisers would be severely sanctioned, so unlikely to be the case. Company will be aware of this so may sit back and wait for an offer or if they don't want to settle for as little as 50p may have more ambitious plans but so far no indication as to what that may be. Will we have to wait another year.............hope not?
Logic would say, and we would all hope, that for COC to get to 30% they'd have to pay more and more for the shares. Unfortunately they have just picked up 1.5% of the company between 29-32p and the SP has fallen to 29p. You couldn't make it up. Dark forces or at least corrupt ones at work.