Strange partnership ( if it proceeds !) A Billionaire and the average 6 Granders ! A match made in heaven for a billionaire! I wonder who’s doing the Due Diligence! Pared Energy s Due Diligence lasted 16 months and ended up with a Four Line Write off !
While the parties continue to work constructively towards a potential transaction, there can be no certainty that due diligence when complete will be positive, nor to be able to predict the length of time required to reach definitive agreement, or the likelihood of concluding a successful transaction.
Carrot. Lasted 1 Year. 4 Months ! Then Just a couple of lines ! wing a period of discussions between key stakeholders and investors in the business, the Directors have resolved to enlarge the focus of the Company to potentially include sectors outside of the energy sector.
The Directors have identified a number of attractive opportunities available for Curzon to potentially participate in and, following further evaluation, additional announcements will follow as appropriate. At this stage, there can be no assurance that these opportunities will lead to any transaction but the Directors remain committed to completing a transaction in the near term.
In light of these developments and overarching market conditions in the junior oil and gas space, the Company has ended discussions around a transaction with Pared Energy in Texas, as most recently announced on 27 September 2019.