Quote from Joel Price: The announcement on 22nd January mentioned that the transaction ultimately is expected to be a reverse takeover. This would require an AIM re-admission document to be issued (including new audited accounts), and then shareholders need to vote at an EGM on whether to proceed with the deal or not. The documentation takes a number of weeks, and then around 3 weeks' notice is required for the EGM to take place.
Bukker! I was totally convinced that suspending their twitter account would bring their terrorist activities to a complete standstill. I have to admit to being wrong on this one chaps. Sorry for letting you all down.
He added that unlike the oil-for-infrastructure deals with Chinese, Korean and Indian firms entered into by the Olusegun Obasanjo administration, but all went burst due to the federal government’s inability to meet its own side of the bargain, the projects would not be paid for with oil, adding that the returns on investments made by the Chinese would come from the projects.
Sle a front runner in this new "business" model for the development of Nigerian oil and gas assets.
Dr. Ibe Kachikwu the OF of Nigeria - given China's determination to make Africa their own what with Ethiopian clothes manufacturing to East coast mining and now going for the domination of the Nigerian oil industry there is no reason not to believe it will come about bit like OF big thinking - Talk about SLE being in the right place at the right time - luck of the Irish I guess?
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