Member Info for BringMeRiches

This will turn blue soon

Good choice LB28.
Both RBW and GUN both did the dirty

All those trades at 0.058 were buys

Is just below mid now

They might try a little shake then off we go again imo

.

0.0234 to buy
0.0236 to sell

Tick up again soon

higher to sell than buy again now

You can sell at a slightly higher price than what it is to buy at the moment.. bit strange!

OilNovice and Schoolboy are correct.

The nominal value of the shares are 0.25.
Simple maths read RNS again

read the rns again

CONVERTED AT 0.40

I would have thought that any new floor that is higher than 0.40 would be due to hoping that the VWAP would be greater than 0.40 and that would then become the floor. The agreement was for the greater of 0.40 and the 15 day VWAP That's how I read it.

You sure about that?? I think it's just that the next lot they convert will be at 0.40 minimum

Sheikh Ahmed last month visited Ondo State Governor Rotimi Akeredolu in Nigeria, signing a memorandum of understanding for a deep-sea port development. “We are currently evaluating several opportunities in West Africa’s oil and gas sector and will announce the projects in the near future once progress reaches a certain stage of maturity,� he said. Sheikh Ahmed is the founder and chairman of Africa Middle East Resources Investments (Ameri Group), which is building a portfolio of power plant and energy infrastructure projects — including gas-to-wire schemes — and has in the past year been traversing the African continent in search of strategic opportunities. Ameri is exploring investments in both the Democratic Republic of Congo and Congo-Brazzaville, Equatorial Guinea and Gabon, and this year entered into partnership with Ghana to install an emergency power plant on a build, own, operate and transfer basis in the Takoradi oil hub. But the prince has also chosen to operate initiatives through his private office, meeting directly with heads of state including Nigerian President Muhammadu Buhari, Liberian President George Weah and Puntland President Said Abdullahi Deni. In addition, he recently attended the inauguration of re-elected Senegal President Macky Sall. His initiatives reflect a burgeoning interest in Africa's oil and power sectors by Persian Gulf states, particularly the United Arab Emirates. The Dubai Multi Commodities Centre free trade zone has lately been growing in relevance for start-ups targeting African energy investments, while Oslo-listed African Petroleum surprised investors last month by merging with PetroNor E&P — half-owned by an Abu Dhabi vehicle linked to the Emirates’ royal family. Sheikh Ahmed’s MX Oil deal has raised hopes that more private equity from the UAE might now be tempted into Africa’s cash-strapped upstream sector.

UAE equity wakes up to African opportunities Dubai's Sheikh Ahmed takes a stake in Nigeria's MX Oil with plans to 'personally steer the business' Barry Morgan Paris 2 May 2019 22:00 GMT A surprise move by Dubai’s Sheikh Ahmed bin Dalmook Juma al-Maktoum last month to acquire a personal stake in Nigeria-focused junior MX Oil has triggered hopes that Persian Gulf players may help plug a funding gap in African energy infrastructure projects. In an exclusive interview with Upstream, Sheikh Ahmed insisted the decision to take a 29.86% equity share in MX — a partner in the producing Aje field off Nigeria — was his first investment in a public company and that he "currently has no intention to invest in another". "I will certainly be taking on a very active role within the business. It may take another month but I intend to join the board as an active chairman because I have a desire to personally steer the business," he said. "I have very clear ideas as to how significant value can be grown within the business,†added Sheikh Ahmed. He did not comment on whether heavyweight partners may be sought to accelerate the pace of growth, but said his ambition is to build MX Oil into a billion-dollar energy business over the coming years. Currently, London-listed MX’s sole asset is Aje, which lies in OML-113 in the long-neglected Dahomey basin, where its partners are New Age, Energy Equity Resources, Panoro and operator Yinka Folawiyo. But MX chief executive Stefan Olivier said Sheikh Ahmed’s private investment will add great value and yield fresh partner opportunities. With MX Oil, Sheikh Ahmed said his role will be “to focus on business development and on growing value, building on his relationships with the many heads of state who are keen to work with us to help them develop their natural resources.†“MX has had its problems accessing sufficient funds but I don’t believe this will be a problem in future. It’s an ideal vehicle for taking advantage of opportunities, primarily in Africa.†Pressed on his preference in terms of asset acquisition, Sheikh Ahmed said he will “look at production and near-production assets, but we are not afraid of exploration as long as the portfolio is balancedâ€. “We won’t sit on our hands as a single-asset company but will rather go after company-making projects, add value and get them into production — we will do our technical work before taking on any project, leveraging relationships we have with international oil companies who may wish to partner with us on larger projects.†Sheikh Ahmed last month visit

showing now

Liam not Noel

still coming in

period has begun then!