Everyone thought and kept saying that once eeaa was signed off this would jump as the market didn't like uncertainty and despite they saying eeaa had been granted .the signature was necessary to be reflected in the sp. So eeaa got signed off and 20 yeah licence granted and no jump what so ever and someone then said everyone knew it was coming hence when it did. No jump. So am wondering if same gonna happen with luk oil deal. They announced the partnership. Sp shot to 48 only to fall back to mid 30s so now people thinking and saying once deal is done and cash in bank this will rise .but wonder when that happens and cash is in bank and share price stays sub. 40 people will say well we knew money was coming and deal was happening so didn't expect any rise and its not really new news ?
just the lass trade which showed as a sale.Whats going on,is no-one is buying and whilst there are some sells,there are not many either.So the average joe isn't buying,so it's down to the market makers to see if they want this going up or down.In my humble opinion there isn't much below so it may go north anytime.
Interestingly, the website changed to mention the target towards the end of May (I wrote a post when this happened).
So why would Bowleven change the website at the end May to set a target for the end of June, which now turns out to be unrealistic (I emailed them to update it a few weeks ago suggesting it might put off potential investors but did not get a response).
I am assuming that perhaps Lukoil and New Age are involved in the agreements and perhaps are renegotiating terms with Ferostaal - Bowleven could not afford to wait for CLNG but Lukoil can, so they might be saying to Ferostaal, "you need us more than we need you", so therefore asking for a better price for the gas.
However this type of negotiations would not be popular with SNH...
In short who knows what is happening - Lukoil may not be involved as Farm out has not been finalised, but they might have had a condition that the GSA is not signed until the Farm Out completes.
OAM and MW have 5.77 Million shares short (approx)
The final date for completion is Fri 19th Sept ( I think) "" The effective date of the transaction is the completion date, which will occur 15 business days after the satisfaction (or, where permitted, waiver) of the conditions to the transaction. The longstop date by which all conditions to completion of the transaction must have been satisfied (or waived) is 31 August 2014.""
EEIIAAdio is signed, Petrofac are happy. The outstanding conditions to be satisfied are :- El Presidente agreeing to the deal ( and having signed off the EEIIAAdio that seems a given) and SNH deciding if they want 20%
Plus we'll have news on Bomono in the near future, so, surely to goodness in the next month those shorts will have to close as we rerate (at a minimum to cash in the bank).........
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