RE: NT TO BUY any quantity3 Feb 2018 11:42
WED own 29% of the MAGP Shares!!
Deliver NEARTERM shareholder value according to WED!!
NTOG market cap £6M v £1.5M
Western Energy Development LLC CEO, Greg Neher said, �We have been looking for an industry partner for some time and are delighted we have now signed the Capital Management Agreement with Magnolia.� The pilot programme with Magnolia has been successful thus far � meaning our alliance has already shown it will work.� Rita and her team have the industry expertise to deliver results for our EB-5 investors. As Magnolia�s largest shareholder, we share the Board�s view that the partnership between WED and Magnolia can deliver real Magnolia shareholder value in the near term.�
Further Information on WED
WED is incorporated in the USA and is an affiliate of Western Energy Regional Center LLC, a United States Citizenship and Immigration Service designated Regional Center.� The EB-5 programme, which is authorised by the United States congress, encourages investment in US-based companies in exchange for permanent residence.� Under its designation, WED is permitted to pool and invest US$19,000,000 of foreign investor capital solely for the purpose of developing oil and gas properties in Oklahoma.� Each EB-5 applicant is currently required to invest a minimum of US$500,000 and, at the date of this announcement, WED has been approved by the USCIS to raise US$19,000,000.� WED expects that the first investment will be made by 28 September 2017.