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Asset!!
For the free assessment we look forward to riding your back hard!!!!! we at vog CALL THIS SEX AND VILANCE THANK BOWLEVEN MUCH APPRECIATED!!!
I note they're the beneficial owner of 25%. I wonder who their backers are....??
Victoria Oil & Gas Plc ("VOG" or "the Company") Bowleven General Meeting Result Victoria Oil & Gas Plc notes the result of the General Meeting of Bowleven plc ("Bowleven"), requisitioned by Crown Ocean Capital P1 Ltd ("COC"), convened in Edinburgh on 14 March 2017 and announced this morning, which has resulted in several changes to the Bowleven board. VOG shareholders are also referred to the joint announcement by VOG and Bowleven on the 6 March 2017 which summarised the Farm-Out Agreement ("Agreement") signed between Victoria Oil & Gas Plc and Euroil Limited, a wholly owned subsidiary of Bowleven. Specifically, as set out in the detail of the conditions precedent to closing of the proposed Farm-Out, it should be noted that only VOG has the option to terminate the Agreement as a result of Bowleven's General Meeting yesterday and resultant changes to its board. VOG continues to look forward to developing the Bomono project with Bowleven and will shortly be in contact with the board of Bowleven in this respect.
Crown Ocean Capital P1 Ltd Re: Result of Bowleven General Meeting Crown Ocean Capital P1 Ltd ("Crown Ocean"), a private investment company, which is the beneficial owner of 22% of the outstanding issued ordinary share capital of Bowleven PLC ("Bowleven" or "the Company"), notes that all but one of the resolutions put by Crown Ocean to the General Meeting of Bowleven shareholders, held yesterday, have been passed. Crown Ocean would like to thank fellow shareholders for the support they have shown for change in leadership and direction at the Company. Shareholders have provided the new board with a clear mandate to implement a new strategy as outlined in Crown Ocean's Open Letter to Bowleven Shareholders of 15 February 2017. Here's a link to the Open Letter (scroll down to Relevant Documents). This reminds up all of Crown Ocean's game plan. http://www.bowleven-generalmeeting.com/
we think coc are still buying?? Liquidity would soon dry up if they are. ala porsche VW
Anyone worried about a buy-out.... take the company private and (eventually) enjoy the spoils of Etinde all by themselves....??
OC and partners must be loving this - hoovering up shares on the cheap see this gradually moving up to 50p in a couple of months as it hits the ave of long standing pi's they probably will sell. interesting times but can move 10% in a flash!!
Yep im happy to invest in this company where the BOD have 22% skin in the game......
https://www.africaintelligence.com/AEM/gas/2017/03/14/etinde-gas-poses-geopolitical-teaser,108225874-ART?CXT=CANP&country=CAMEROON
https://www.africaintelligence.com/AEM/gas/2017/03/14/etinde-gas-poses-geopolitical-teaser,108225874-ART?CXT=CANP&country=CAMEROON
got 5 euros to spare....?? """Cameroon wants to process gas from the Etinde field in Equatorial Guinea but field operator New Age does not agree...."" https://www.africaintelligence.com/AEM/gas/2017/03/14/etinde-gas-poses-geopolitical-teaser,108225874-ART?CXT=CANP&country=CAMEROON
N'oubliez les francais! (Perenco)
Most of Bowleven board ousted as investors back call for change - 09:09 15 Mar 2017 Only chairman Billy Allan and chief operating officer David Clarkson are staying with the oil and gas company. Africa-focused oil explorer Bowleven PLC (LON:BLVN) has seen almost all of the board depart after shareholders backed a rebel investor’s call for change. Kevin Hart, chief executive, Kerry Crawford, finance director, and three non-executives John Martin, Tim Sullivan and Philip Tracy have all ceased to be directors following the shareholder vote. Only chairman Billy Allan and chief operating officer David Clarkson are staying with the oil and gas company. Monaco-based investment fund Crown Ocean Capital called the meeting claiming the company had badly managed its African oil assets. A string of disappointments has seen the shares lose 90% of their value over the past five years. Two of COC's nominees, Christopher Ashworth and Eli Chahin, were also appointed as directors. Bowleven’s statement pointed out that without COC’s 22% stake all of the resolutions would have been defeated by a ‘significant margin‘, while major institutional investors also all voted against bar one exception. Earlier this month, Bowleven PLC (LON:BLVN) struck a deal with Victoria Oil & Gas plc (LON:VOG) that will see VOG's local subsidiary take an 80% stake in the Bomono production sharing contract (PSC), with Bowleven keeping the remainder and continuing as operator. Gas from Bomono will be sold to VOG minus a tolling fee for use of the pipeline. COC described the deal as making no sense for Bowleven shareholders. Shares dropped 5% to 32.6p.
wish I had done it sooner
Perhaps - West Africa is the domain of the Russians and Chinese.
Ask yourself would you invest in a company where new board members have 22% I sure would
did exactly the same this morning (but not quite as many). First time I have bought back into this share in 3 years!. The drop this morning was a great buying opportunity. I can see this heading to 40p over the next few days.
Coc wants value and that's what everybody wants expect the old board, this should be flying now
Thanks MM, bought 450 thousand at below 31.. see you at 56
122.799
top up on panic!!
Nice 122,799 buy just gone
Should get a positive rns from coc