up to something - The first acquisition is still a while away before it brings in cash, Directors need to be paid, other expenses too...
Also Zol have 2 new supporting companies...which will have staff and expenses...so Abra will want something to bring in cash pretty quickly...
"On 9 January 2013, Zoltav Resources Holdings (Jersey) Limited (ZRH) was established in Jersey as the principal investment holding company for the Group."
On 29 January 2013, ZRI Services (UK) Ltd (ZRI) was established in the United Kingdom as a platform to research, identify, analyse and arrange investments for ZRH and ZRI and to provide certain office and administrative support services for London-based staff and consultants for ZRH and ZRI in connection with their present and future investments."
That last post ref you gave, was the reason I've been trailing A's aircraft. Especially, the various stages part you refer to. When we look at the recent China/Russia oil export deal, that's looking to be flowing sooner that later. The area of interest there, was Eastern Siberia, funny enough his aircraft was visiting every corner of Eastern Siberia last week. So I would assume, we'd have a part interest in a productive field and that would fulfill the "various stages" requirement.
That's ok mate, whatever's happening, things are getting good here. With the recent bod additions/management and the effort put into ZOL's new site, I can imagine anyone looking to get into Russia giving ZOL some serious consideration. The mystery buyer, is an indicator of this.
Did you say there was possibly a road show this week? If so, what do you think they would be offering to potential investors. One oil licence is nice, but they must have something juicy in the cupboard, yet to be revealed.
Admission of shares arising from fractional entitlements
Further to the announcements of 10 June and 4 July 2013, Zoltav (AIM: ZOL), the CIS-focused oil and gas exploration and development company, announces that 51 new ordinary shares of USD0.2 were created from the fractional entitlements arising from the Company's 20 for 1 Share Consolidation on 4 July 2013 ("Fractional Shares"). Application has been made for the 51 Fractional Shares to admit to trading on AIM on 11 July 2013, following which they will be sold for the benefit of the Company.
Following the issue of the 51 Fractional Shares, there will be 55,341,353 Ordinary Shares in issue. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.
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