I would expect GB to want a larger slice of the pie than that.I would suggest less than 35% was not really worth it for the capital we have to invest. If he's looking for diversity it would have to balance our current projects. Cheers TIPTOP
Well if it was, it would be amazing as we'd get a huge boost here....sadly I very much doubt it...once again its all rumour and speculation......although I was kind hoping Greg B was delaying his response to our email so he could blind us with some amazing RNS first......heres very optimistically hoping.....
with the rumours of RMP going to UK assets from Georgia money, i can only think of one UK aaset at the moment = Horse Hill.
Horse Hill is drilling this week/next week (see SOLO) but RMP can still come in before the results... so its vital we get the cash from Georgia this month.
why I said Horse Hill? well just pure guess, especially as:
"Angus Energy owns 40% of HHDL." Which implies 60% of HHDL is owned by the following companies: With Alba (5%), DOR (10%), RGM (5%), SOLO (10%), STG (10%) & UKOG (7.5%). However they all total 47.5%, so it appears there's a missing 12.5% of HHDL waiting to go to a new company.
To date the group represents 30 shareholders with over 8% of the total shares in issue. We are expecting a response early next week to our concerns and questions raised in a letter to GB. http://document.li/ZMX0 Any shareholders who would still be interested in joining the group can register their interest at email@example.com
Horn President and CEO, Jim Phillips, commented, "We continue to actively pursue new venture opportunities and we are continuing to work with a range of governments to progress planned exploration activities in Puntland."
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