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We unearthed an Emerald Energy share certificate. Does Sinochem honor this as they bought out Emerald Energy?
We just unearthed an Emerald Energy share certificate dated 1997. Is this still valid since the buyout by SinoChem?
Emerald Energy: LSE Trading To Be Suspension On Oct 7 LONDON (Dow Jones)--Emerald Energy PLC (EEN.LN) said Tuesday the listing of its shares on the Official List as well as trading of its shares on the London Stock Exchange's Main Market for Listed Securities will be suspended on Oct. 7. MAIN FACTS: -Majority of scheme shareholders have approved scheme of arrangement for acquisition of Emerald Energy by Sinochem Resources U.K. Ltd. -Court Hearing to sanction scheme will be held on Oct. 7.
No vote needed Its all done compulsory, so sit back and wait for the money lol
My shares are on an online account. When I check all I see is the notification of sale. When will the vote take place? Thanks
Editorial on the blog: http://emerald-energy-een.blogspot.com/2009/09/how-should-emerald-energy-shareholders.html
RNS Number : 3782Y Emerald Energy PLC 02 September 2009  Emerald Energy Plc 2 September 2009 Colombia - Mirto No.1 Well Operations Update Emerald Energy Plc ('Emerald' or the 'Company') is pleased to provide the following update on operations in the Maranta block in Colombia. The Mirto No.1 well was drilled to a total depth of 11,578 feet and, based on oil and gas shows while drilling and wire-line log evaluation, encountered four potentially hydrocarbon bearing intervals. Flow tests have been conducted on three of these intervals, with one interval flowing at a material oil rate. The fourth interval is currently being tested. The Cretaceous aged Caballos sand interval of 120 feet gross (52 feet net), with an average porosity of 13%, was flow tested with only formation water recovered at an average rate of 112 barrels per day. The Cretaceous aged Villeta T sand interval of 36 feet gross (27 feet net), with an average porosity of 17 %, was flow tested with an average oil rate of 8 barrels per day with a water cut of 97 % The Cretaceous aged Villeta U sand was encountered at 11,030 feet with a gross interval of 80 feet (65 feet net sandstones) and an average net porosity of 17 %. An interval of 20 feet at the top of the sand was flow tested through a 128/64 inch choke, under artificial lift using a jet pump, at an average oil rate of 731 barrels per day of 32.5o API crude over a 48 hour period
Just shortly all shareholders will receive the offer papers to sign, on this particular sale there is no option to hold and go with the new company.. the payout is £7.50 per share and will be paid to holders. And i think this is commision free. A waiting game..
I would guess that no action is required if you want to keep the holding, but if you want to sell you would need to contact them. Sometimes there is a free sharedealing option if the holding is small. If so they should let you know I have no idea when the merger will happen. Does anyone else know anything?
Can anyone tell me what happens when the merger is due to complete? My online trading account says that no action is required on my part - does that mean I will get shares in new company or will I be sent market value for my holding? Thanks
Thank you to those who advised me on obtaining a new certificate, I will try and get hold of a new one and let you know how I get on!! Its nice to know I'm not the only one who didnt receive one, thought I had been careless with my post! thanks again!
these will be nowhere in 2years time as they are being bought out at an offer price of £7.50p.
Good old emerald, held these at 3p the sold after the placing, brought back at 500 sold 630 now 736 lol.. Amazing story in just a few years.. Where do we see these in 2 years? 1000 plus?
I've yet to hear of anyone who got their certificate! My post in May read: "Must be typical of this company / registrar. Both a colleague at work and I bought shares in Emerald a year between each other. We got our original certificates, but never received updated paperwork when shares were exchanged 1 for 100. Both of us rang, and the registrars were adamant that we would have got updated paperwork. Neither of us did. As I was in process of transferring all my paper certs to an online trading account, I had to cough up £35 for a 'duplicate' certificate." Was talking to my mum who bought at same time- surprise surprise no certicate
i'm the same - go online to emerald and you can link to capita & sign they have it all recorded.
Choo Try the company's Registrars: Capita Registrars, The Registry, 34, Beckenham Road, Beckenham, Kent, BR3 4TU. Tel:0870 162 3100
i obtained shares in EEN many years ago and have the original share certificate pre dilution. ~To my knowledge I have never received an updated certificate!!! does anyone know how I would obtain one? who? where?
this share is up then right back down where do you think it will end up do you think it could be another burren when do you think we will hear anymore bid news
And summarised on the blog: http://emerald-energy-een.blogspot.com/2009/07/emerald-announces-interim-results.html
I've added a survey where people can suggest a range of take-over prices shareholders should agree to: http://emerald-energy-een.blogspot.com/
At this time of bid approaches, I've created a blog that summarises the main assets and will track the news as it devleops. http://emerald-energy-een.blogspot.com/
Just saw price of Hoil. Great buy and sell that. Hope you double again here.
ok. catch you later