Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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An RNS could land any minute...well I guess so seeing as we have 12 yesterday and 6 today ha ;)
Just none the ones we want....yet
If there is one, the sp will hit the 25-26 mark before the RNS is released going on last week's performance...
More holes than Nora Batty's stockings
An RNS could land at any moment. I certainly wouldn’t be selling. Talk of 25p minimum bid coming.
someone over at advfn claiming big 465K buy @ 17.90p in progress...
Some of the companies from the recent ANH auction and other licence deals include
Notable companies qualified to Bid in auction included: CNE Oil and Gas - Occidental Petroleum - Frontera Energy - Ecopetrol - Parex Resources - Hunt Overseas Oil Company - Gran Tierra Energy - GeoPark - Mansarovar Energy - Noble Energy and of course Amerisur Exploracion and another batch of companies, overall 22 companies at least.
The bidders where:
•Frontera Energy
•Parex Resources
•Gran Tierra Energy
•Geopark Colombia
•Ecopetrol Costa Afuera
•Hocol
•ONGC Videsh
Add to that other companies doing separate deals this year: Noble, Exxon, Shell, Parex and Repsol
The point is there a loads of potential bidders for Amerisur assets or the company lock, stock and barrel, in addition to the numerous names we know the actual offer from an previously unknown source demonstrates there a loads of additional potential suitors that we couldn't possibly identify.
Finally, I think it's worth a mention of a couple of other longshots, Carlyle and Tony Haywood, according to articles around 21 months ago travelled to Colombia to do a deal allegedly worth hundreds of £millions, it never happened but think they are still looking and he knows Colombia (Colombian wife!), I suppose the problem with Carlyle is that they are looking for under-priced assets and we are looking to be fairly priced as it's not a distressed sale.
The other cheeky outside chance (very slim) is perhaps Chevron, perhaps to frustrate Occidental who put their nose out by audaciously snatching Anadarko from them. They are presently operating in Colombia and apparently saw synergies and value in the Colombian assets as well as the shale assets. Now there would be a bidding war with Chevron becoming operator what an snub for Occidental. Between them they pushed the Anadarko price to levels no one in the industry expected.
Loads of options, some maybe outlandish, but we don't need to jump into the arms (trap) of Maurel & Prom, a pathetic offer - IMO anything sub 25p even as an opening offer should not be entertained for discussion.