Member Info for Fourprinces

Pretty much

From 2017 prelims
Of more significance to your Company is the recent re-affirmation of the prospectivity and long term
future of the Southern North Sea gas basin and its strategic importance to the UK. Of special note is
the recent acquisition of the Breagh asset, which is adjacent to our licences, by Oranje-Nassau Energie,
the spudding of a deep Carboniferous exploration well on the Ravenspurn gas field by BP and
Centrica’s renewed interest in exploration evidenced by the award of a tranche of blocks immediately
to the North of our existing licences in the recently announced 29th Offshore Licencing Round.
This increased positivity towards the Southern Gas Basin has also manifested itself in the significant
level of interest and traffic through our dataroom which was formally opened in January to facilitate
the farm-out of our existing portfolio of high quality exploration assets. Of relevance to this process I
am pleased to reaffirm the announcement in October 2016 of an independent technical audit and CPR
and further technical work announced in December 2016, which has resulted in a tripling of the P50
prospective resources contained within this portfolio to approximately 2.4 trillion cubic feet of gas.

Oranje-Nassau Energie

Any thoughts on Oranje-Nassau Energie B.V. as the other party?

Strategy
Oranje-Nassau Energie B.V. (ONE) has a strong focus on the North Sea as its core area of operations. ONE has the ambition to significantly expand its operated and non-operated business in this region over the next 3 to 5 years, and is looking to further build on its existing presence in Gabon. Through our excellent subsurface, operational and commercial capabilities, ONE is uniquely positioned to capture growth opportunities and create both short and long-term value for all its stakeholders. Successful acquisitions of Sterling and Sean are excellent examples of ONE’s ability to execute this strategy with significant success. ONE is also actively looking at development and exploration opportunities to support our long-term growth aspiration, preferably ONE-operated assets, both within and outside of our existing portfolio. The Ruby discovery in the Dutch North Sea bordering Germany is evidence that there are still underexplored areas in the North Sea.

I've got to ask. How did you come up with that name?

Well according to my sources you're wrong. Let's see eh? And by they you're now saying it'll hit 3.63 before it hits 2? Make your mind up.

And the rest. Limited downside - no deal and it's back to 2ish. Deal and we're talking a #BPC style rise. The charts an absolute beauty as well now that we've broken 3.04.

500k block buyer agrees with you draft...

I think it is for various reasons.

Could be monday

it's not that wide. You can sell at 9.15.

Now offering 294 to sell on ASTO. 20 shares will cost 315

£2.25 net asset value at interims, the £21m is worth a further £1.72 and if they get the interest as well that's another £1.75. So you're talking a share price of £5.72

They won’t appeal. Already fined and that judgment was adamninv indictment. Also got enough on their plate with CAKE

I think it suffered yesterday as WEST had 45,000 on the bid all day. They appear to be gone now.

After yesterday’s manipulation let’s see if true value will out today.

https://www.law360.com/articles/1124068/grant-thornton-hit-with-20m-negligence-ruling-over-audit

https://www.thetimes.co.uk/article/grant-thornton-ordered-to-pay-21m-damages-to-assetco-for-negligent-audits-bs20fkbjt

Notice how WEST are now off the book? Should motor tomorrow.

http://www.brickcourt.co.uk/news/detail/groundbreaking-assetco-decision-finds-auditor-liable-for-trading-losses-caused-by-management-fraud