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Sound Oil Share Chat (SOU)



Share Price: 15.00Bid: 14.75Ask: 15.25Change: -0.125 (-0.83%)Faller - Sound Oil
Spread: 0.50Spread as %: 3.39%Open: 15.125High: 15.375Low: 14.875Yesterday’s Close: 15.125


Share Discussion for Sound Oil (SOU)


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adv11
Posts: 59
Off Topic
Opinion:No Opinion
Price:12.13
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RE: Webcam on twitter
2 Mar '15
I am a little concerned about the amount of workers who go into that porta-cabin and never come out again.
 
JoeCreed
Posts: 3,620
Off Topic
Opinion:No Opinion
Price:12.13
Salamander rns
2 Mar '15
For immediate release

2 March 2015

Recommended acquisition of Salamander Energy plc by Ophir Energy plc

Ordinary shares of 10p each (ISIN: GB00B1GC5238) ("Salamander Shares")

Suspension of Listing and Trading in Salamander Shares

On 24 November 2014, the boards of Salamander Energy plc ("Salamander") and Ophir Energy plc ("Ophir") announced the terms of a recommended acquisition by Ophir of the entire issued and to be issued share capital of Salamander (the "Offer"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). The circular to shareholders of Salamander in connection with the Scheme (the "Scheme Document") was posted on 14 January 2015.

Pursuant to the terms of the Scheme and Listing Rule 5.3, Salamander announces that the listing of the Salamander Shares on the Official List and trading of the Salamander Shares on the London Stock Exchange has been suspended, effective from 7:30 a.m. today.

Next steps

Completion of the Scheme remains subject to the confirmation of the Capital Reduction by the Court. The Court hearing to confirm the Capital Reduction is expected to take place today. It is expected that the Scheme will become effective on 2 March 2015 and that the cancellation of the listing of Salamander Shares on the Official List and admission to trading of Salamander on the London Stock Exchange will take place by no later than 8:00 a.m. on 3 March 2015.

The expected timetable of principal events remains as set out in the announcement made by Salamander on 6 February 2015.

The dates stated above are indicative only and will depend, among other things, on the date on which the Court confirms the Capital Reduction. If any of the expected dates change, Salamander will give notice of the change by issuing an announcement through a Regulatory Information Service (as defined in the Takeover Code).



Terms and expressions used in this announcement and not otherwise defined shall, unless defined herein or the context otherwise requires, have the same meanings as given to them in the Scheme Document.

I wonder when we will get someone news re getting some cash from them?
JoeCreed
Posts: 3,620
Off Topic
Opinion:No Opinion
Price:12.13
View Thread (2)
Webcam on twitter
2 Mar '15
Latest Nervesa webcam video now available. Daily updates will be posted on Sound Oil's YouTube Channel youtube.com/channel/UCE46N…
ShareInvestment
Posts: 87
Off Topic
Opinion:No Opinion
Price:12.38
March is here
2 Mar '15
Morning all, JoeCreed I fully agree March should be very interesting and I'm guessing that James will work hard to have some further great news before the New York road show ('m not sure but I think that someone mentioned that it will be around March 19th).
JoeCreed
Posts: 3,620
Off Topic
Opinion:No Opinion
Price:12.38
March is here
1 Mar '15
Things to look forward to within the next 6 weeks, IMO.

Two permits for the Nervesa 1 discovery.

EIA feedback for Badile ( and possible far out news? )

A trip to present to potential investors in New York.

Spudding of Nervesa 2

Full CPR on Sound Oil's entire portfolio
JoeCreed
Posts: 3,620
Off Topic
Opinion:No Opinion
Price:12.38
Will these come anytime now?
1 Mar '15
Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce the technical approval of the Environmental Impact Assessment ("EIA") for the Nervesa gas discovery production concession from the Veneto Region's Technical Committee (the "Technical Approval"). The final EIA approval from the Veneto Region and the Nervesa production concession award from the Italian Ministry of Economic Development are expected to follow during this quarter.





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