Member Info for Cliveas

I don't believe it is.Awaiting news re sale of processing plant and receipt of funds from Total! There is something brewing and it's not my tea!

Mobile payment services firm Bango (LON:BGO) soared over 50 per cent in early deals as it confirmed a new business tie-up with Facebook. Bango provides white-label payment services for ‘app’ stores that distribute software on mobile devices. It already works with several market leading clients including Blackberry App World, FOX Mobile and Gameloft. Today, it revealed that it has signed an agreement to provide payment services to Facebook. The news sparked a great deal of excitement among investors. At 8:45 on AIM, Bango shares were up 38.5p, or 39 per cent, trading at 137p a share. The precise terms of the deal remain confidential. “The board believes it is too early in the relationship to accurately forecast the level of business which it may generate,” the company said.

How far could this go? Market capital is peanuts and talk over on advfn that facebook may/could take out Bango. No figures in this deal but the potential is mind boggling.

SacOil (LON:SAC) has agreed changes to the terms of its farm-in partnership for the OPL 281 licence in Nigeria, which mean it does not have to carry the operator on capital expenditure costs to first oil. Transcorp remains the operator of the onshore licence and will pay its 60 per cent of the costs to first production, compared to the company and other partner Energy Equity Resources (EER) carrying 100 per cent of the costs as previously agreed. In today statement, SacOil also announced it has drawn down on its Yorkville equity line to ensure it has enough short term cash to pay for the plans for the licence. The company has issued 10, 926, 906 shares to Yorkville Advisors at a price of 0,44 South African Rand each under the US$25 million equity credit line agreed last year. That price equates to around 3.49 pence per share, raising around £381,000 for SacOil. Transcorp owns 60 per cent of the licence, EER and SacOil each have 20 per cent. Under the new terms, which were initiated by Transcorp due to a change of control, there has been a reduction in farm-in fees for SacOil and technical partner EER to $24.5 million from $32.5 mln. Transcorp's aim is now to take full responsibility for the operation of the concession, said SacOil. The partners estimate a phase 1 work programme budge of $15 million for exploration on the licence, which involves the drilling of at least one well. SacOil's chief executive Robin Vela said: "We are pleased with the revised terms as we will no longer be required to provide Transcorp with a carry on CAPEX costs from the point of entry to first oil. "All costs are now carried proportionately to the equity owned by Transcorp, EER and SacOil. SacOil and EER will be actively involved in the operations through the operations and management committees." A competent person's report (CPR) has attributed a gross unrisked contingent resource of around 100 million barrels of oil equivalent, with additional potential in two further prospects and deeper zones, the company added.

Signed a deal with facebook and only market cap of 37m this is huge!!!!!!!!

Commenting, Osamede Okhomina, Chief Executive Officer of EER, said: The revised commercial terms reduces our CAPEX exposure whilst improving our rate of return in the project. Furthermore, EER has a key role to play in supporting Transcorp to bring the asset to production. We look forward to working with our partners on this project. 2. Issue of shares for cash to YA Global Masters SPV Ltd SacOil shareholders ("Shareholders") are advised that 10 926 906 SEDA Shares have been issued to YA at a price of R0,44 per Share pursuant to the terms of the Standby Equity Distribution Agreement dated 12 October 2011 and approved by Shareholders in a general meeting on 17 November 2011. Application has been made to the JSE Limited ("JSE") to grant a listing of the SEDA Shares and to the London Stock Exchange for the admission of the SEDA Shares to trading on the AIM Market ('AIM'). The listing of the SEDA Shares on the JSE and the admission of the SEDA Shares to trading on AIM are expected to take place on Thursday, 9 February 2012. The proceeds of the issue of the SEDA Shares will be utilised mainly to ensure that SacOil has sufficient short term cash to pay for costs in relation to proposals under consideration. ENDS

Revised terms for Entry into OPL 281 Licence Nigeria and Issue of shares for cash to YA Global Masters SPV Ltd SacOil, the independent African upstream oil & gas company, announces it has agreed revised terms for its partnership with Transnational Corporation of Nigeria PLC ('Transcorp') and Energy Equity Resources ('EER') and has also agreed a specific issue of ordinary shares ('SEDA shares') to YA Global Masters SPV Ltd ("YA"). 1. Revised terms of the farm-in to licence OPL 281: Highlights: · A reduction in farm-in fees for SacOil and EER, its technical joint venture partner, from $32.5m to $24.5m · Transcorp will remain the operator of OPL 281 and will pay its 60% of the CAPEX costs to first production as opposed to SacOil and EER carrying 100% of the CAPEX costs as previously agreed · Transcorp to post the performance bond to the Nigerian Government Initiated by Transcorp, the revised terms followed as a result of a change of control in Transcorp. Pursuant to the change, Transcorp's aim is to take full responsibility for the operation of the concession and to become a leading Nigerian indigenous oil & gas upstream company with production. Following this revision, EER's 50% portion of the fees is carried by SacOil as an interest bearing loan to EER that is repaid from EER's entitlement to production in OPL 281. SacOil paid $12.5 million towards the Signature Bonus on 28 February 2011 and the outstanding $12m becomes due once the remaining conditions precedent to the farm-in agreement have been met. These include perfection of title and all the necessary Nigerian government and Nigerian National Petroleum Company ('NNPC') consents in relation to the licence. According to the partners, a work programme budget of $15.0 million is estimated for phase 1 of the exploration of OPL 281 and involves the reprocessing of the existing 3D seismic data and the drilling of at least one well. A Competent Person's Report issued by reserves auditing firm, AGR-TRACS International Limited, has attributed a gross unrisked contingent resource of approximately 100MMboe, with additional potential in two further prospects and deeper zones. Commenting, Robin Vela, Chief Executive Officer of SacOil, said: We are pleased with the revised terms as we will no longer be required to provide Transcorp with a carry on CAPEX costs from the point of entry to first oil. All costs are now carried proportionately to the equity owned by Transcorp, EER and SacOil. SacOil and EER will be actively involved in the operations through the Operations and Management Committees. Commenting, Obinna Ufudo, Chief Executive Officer of Transcorp, said: The revised agreement is in line with Transcorp's vision of building a pan-African energy business with strong indigenous operational capabilities. We are now poised to lead the process of bringing the asset to production.

No dates, times ,figures? Just sums it up! Will not sell immediately as there is always a bounce!

15.28 paid!!!!!!!!!!!!

bid 13.5 ask 15.5 14.85 paid! Its gonna blow ! Off to work cu 2 morrow!

Bid 12.5 ask 14 buys lining up!

Bid 12 ask 13

Managed to buy at 12.5! As it is a tiddler perhaps Barclays don't deal? Stock at a premium I await developments! (I use lloydstsb)

I can see the risk but the NHS contracts have value and if it benefits one it will benefit all! Can they do it or go bust? read the RNS looks like commitment but could be a smokescreen (to let II out) seen it B4.In this case I see value imho! I stand by my 30p+ and more!

Volume and price on JSE means we will have to play catch up soon! SP 64.00 +1.00 / 1.59% Volume 151.55k

Trying to add!

The two NHS contracts generating income of 2-2.5m have value and if avia cannot make them profitable then I believe someone could and will. It is quite feasible that after the tough hurdle of the first contracts others will follow as we have seen with the second as the NHS trusts can see the benefit avia can provide. Also now avia can demonstrate income fundraising may well be a possibility.The more I dig the more I like but this is still very high risk but a potential multibagger especially if more contracts follow. This is so cheap you can buy 1% of the company for 8k.You could lose the lot or gain a great deal.Better than a coin flip but dyor. I will watch and may add! background on Maven: Between 2004 and 2009 our team built a top-performing private equity and VCT business within global investment house Aberdeen Asset Management, and Maven now has one of the most experienced private equity teams in the UK, with over 100 years' combined experience of investing in private companies. During this time, we more than doubled funds under management, including the acquisition of three VCT management contracts from other fund managers. We achieved market-leading performance across the unlisted portfolio: - Invested around £86m in 43 companies. - Raised new or top-up VCT funds in 2005, 2006, 2007, 2010 and 2011. - Generated gains of over £20m from realisations across our private equity portfolio, achieving an overall 1.8x capital multiple for investors. Maven’s investment team has a proven record in the UK SME sector, with a national presence, based on long-standing relationships in the corporate finance community. We now manage or advise on over £280m across more than 20 Maven and Aberdeen client funds, investing on behalf of some 11,000 investors.

Interesting?

RNS Number : 8140W Maven Income and Growth VCT 5 PLC 03 February 2012  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Identity of the person whose positions/dealings are being disclosed: Maven Income and Growth VCT 5 PLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Avia Health Informatics Plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: 01/02/12 (f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer? NO If YES, specify which: 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: Ordinary Shares 0.5p each Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: 666,700 10.42 (2) Derivatives (other than options): (3) Options and agreements to purchase/sell: TOTAL: 666,700 10.42 All interests and all short positions should be disclosed.

RNS Number : 8124W Maven Capital Partners 03 February 2012  PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Identity of the person whose positions/dealings are being disclosed: Maven Capital Partners UK LLP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Avia Health Informatics Plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: 01/02/12 (f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer? NO If YES, specify which: 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: Ordinary Shares 0.5p each Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: 666,700 10.42 (2) Derivatives (other than options): (3) Options and agreements to purchase/sell: TOTAL: 666,700 10.42 All interests and all short positions should be disclosed.