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This report is from 2009. What insights do you get from it?
http://www.searchanddiscovery.com/documents/2009/10185luzzi_arbouille/index.htm
Slipping on tiny volume and no news
People gave up posting on this dog a couple of years ago, a dead duck all that time, nothing new about that.
Very thin trading on this stock and looks like people have given up posting - nothing since last Thursday. Dead duck.
Damn, I thought I was going to win that at 30p :)
Sorry for the double post GREMLINS at work.
It is now over 6 weeks since the Exploitation Licence RNS and we don't know if the licence has been applied for or we are waiting on SNH to sanction it.
The previous Licence took over 12 months to be granted and that was given priority status.
Hydrocarbons are not the flavour of the month so they need to get a wiggle on.
It is now over 6 week since the Exploitation RNS and we still don't know if the licence has been applied for, or we are waiting on SNH to sanction it, the last licence took over 12 months.
Hi DD, mine is 87.6! :D
Haha how high? Bet mine is higher!
Is this share still alive!!? Long term holder here with high avg.
There is no optimism, everybody so bored with the performance of this dog and just waiting for the company to be sold sometime in the next 50 years!
the optimism of this BB never ceases to amaze me!
Buy and hold with a 1 to 6 month out view and I expect - aka hope - this s/p will be decently into double digits at some time within that 1 to 6 months window.
IMHO and DYOR
Hamz7
With a spread of at times of over 20%, it is a deterrent rather than an encouragement to invest and going by the volumes the market seems to think there is no news in the pipeline anytime soon.
Because its aim and the market makers can make the price whatever they want it to be, no regulation and corrupt as it has been all its life.
Bid and offer both seem to have slipped by 1p or so, even though volume is very low and there has been no news. Anyone have any idea why?
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This includes Bowleven
I posted this on the VOG board - may be of interest to some.
I missed this yesterday!
I initially invested in VOG as I thought there was a strong possibility that SEY would merge/takeover VOG (The other scenario was a merger/takeover by the Etinde partners - Lukoil, NewAge, Blvn).
SEY had about $45m funds sloshing about, YF Finance has built a 5% stake recently; and they had worked in Cameroon before, and wanted producing assets. The dominant shareholders have now sold their stake, we do not know to whom yet (but YF finance could well be the main buyer?); they've taken on the ex-Tullow boys (regarded as useless by ECO investors); and wish to invest in West Africa. 'Paul and Ian have extensive experience and knowledge of identifying and developing oil and gas assets in West Africa and intend to refocus the Company's strategy on producing assets in this region.'
Here is yesterday's after hours RNS:
https://static1.squarespace.com/static/5ba9f4ba77b9032215087961/t/602eb1150cb95542ca6d4131/1613672725525/20210218_Shareholders+RNS+%28final%29.pdf
Is this yet another contender to buy out or merge with VOG?
I put a couple more posts on Remus on the LSE VOG board - not to cram up this site.
And of course Woodside might enter the fray - they bought Cairn's Senegal assets so they seem to like West Africa.
Yes, too noticed this Hams.
Would Lukoil be prepared to partner Remus on developing Etinde? If Remus bid for NewAge/Blvn, would Lukoil, hostile to the partnership, then be forced to buy out the whole shebang at a higher price than Remus was offering? If Remus succeed at buying Far, then Lukoil might have spare cash burning a hole in their pocket too (although they seem minted, anyway) - and use it to buy more of Etinde? Many possibilities, perhaps?
Good spot, my reading of this story is that Woodside and Lukoil are also contenders for FAR? Lukoil is of course also a partner in Etinde. They could eat Bowleven before breakfast without noticing the cost.
After reading Malcy's blog today, https://www.malcysblog.com/2021/02/oil-price-petrotal-far-remus-and-finally/ I decided to have a look at Remus - It seems they have their pencils out sharpened for 'production assets' in Cameroon.
https://remus-petroleum.com/#portfolio
Either VOG or NewAge/Blvn, or both, would fit the bill.
And a failed bid for FAR would give them A$200m looking for a home.
Yashodan Sathe is of particular interest. (now Head of Mergers and Acquisitions for Remus).
Part of a big Downstream player in Nigeria https://neuronstrading.com/about/
'We have complete understanding of oil trading, technical and operational procedures in the shipping line; we also understand the diverse businesses in the maritime industry and best records of our board member in the energy sector and their years of experience and expertise in the business'
Of possible note on Oil and Gas Trading https://neuronstrading.com/services/#1553759161384-692d5a6d-31e0 ...'We anticipate significant synergies to arise in Africa after setting up our natural gas desks as market liberalization continues and the LNG and natural gas markets converge. We believe that future arbitrage opportunities arising between LNG and natural gas, combined with Neuron’s experienced market intelligence, will allow us to develop a unique value proposition to our counter parties and partners in the next few years.'
https://neuronstrading.com/staff-item/yashodhan-sathe/
'Over the last few years, Yashodhan has developed a robust network of investors in the Venture Capital and private equity fund and transaction space encompassing institutional investors, family offices, fund of funds and ultra-high net worth individuals.'