chavinnon27 Mar 2014 13:38
Are you really saying that after 4 months of headbanging all we can expect is a disappointment? the last rns was very encouraging
" In order to maximise the opportunities to develop marginal fields, Enegi and ABT are reviewing the structure of its JV, ABT Oil and Gas and expect to make an announcement on this in due course."
That tells me that WG are looking to take a stake in ABTOG, and I would be staggered to see that 4 months of wrangling in which we have had a one-month extension to an option agreement hasnt produced an agreement.
We also know that part of the reason for the recent placing was to allow us to put some skin in the game. Why would we put skin in the game if there was nothing concrete on offer from the counter party? And why would we continue to develop ABTOG's licence portfolio if a deal wasn't in the offing to allow us to develop the kit that will be used to exploit the marginal fields?
as always trust your research. if we just made decisions based on companies' previous failures there wouldnt be any point in investing in most companies in AIM