RE: RNS out8 Jul 2022 10:53
well so far so good. no delisting, which is cool. loads of interdependent conditionality still in this complex web of agreements, which i suspect starts to go once the proposed Eroton Debt transaction completes. personally i don’t easily see this tanker getting turned now. Admission Doc and cpr on OML18 later today, so don’t make too many plans for the weekend as i suspect it's going to be a rerun of 'War and Peace'. some key points now: as expected we get an indirect interest of 44.1% in OML18. "facilities estimated at $151 million for NFA, $3,414 million for 1P and 2P reserves and $3,714 million for 3P reserves". a further share release of 344,334,257 shares now makes 868,029,818 in total (compared to 449,913,026 before). so our original share percentage has nearly halved in return for more than 4 x the holding in OML18. sounds OK to me at first glance. i see 18m shares go to board members but de minimis in context.