Numis are renown for being able to raise money at competitive rates for businesses with a progressive outlook such as VOG. Whether its for drilling the two wells or purchasing a suitable acquisition or getting out a decent broker note , there are a number of good reasons to have them on board particularly at this moment of time. Although in its infancy a very good mutual partnership I would have thought.
That's like talking about lovely places to visit but never going anywhere cos you've got no money!!
You're a dreamer,when this does hit £1 you'll be putting the co panky down,when we hit breaks en in a few weeks you'll be putting the company down and when we are doing 10-12 scuffs in April you'll still be putting the company down!!
Discussion lol......you must be so so bored in Sunny Spain!!!
True it is gone Mr Voger, & more will go if & when they buy the gas plant. However ''Trade and other receivables'' amounted to $14millions so the cash balance might fluctuate. We do know Logbaba is breakevens & back office costs are a few millions, so with $8.5m from October, $10m from Rsm & may be another $7m from Rsm for 2014, we are still looking at a cash position of $25millions, which is very healthy even if Vog buy the gas plant. The drills will be expensive but cost only 60% to Vog, however it does seem to me covered especially once the power plants are connected.
Bowleven, the Africa focused oil and gas exploration group traded on AIM, announces it has been advised by SNH today that the formal decree approving the assignment of the Etinde equity interests to LUKOIL/NewAge and the associated transfer of operatorship to NewAge has been signed by the President of Cameroon. We await formal written notification and the subsequent gazetting of the decree, the final condition of the Etinde farm-out transaction.
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