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Don't think anyone will be fighting SO's corner against the Sheikh and certainly that is not the reason why Frangos took the remaining placing shares.
SF took those to make a killing on them. Any talk of any form of power struggle etc is also crazy. I expect Oliver and all existing connections to MXO rolled the red carpet out and welcomed the Sheikh with very open arms. He's a company like this get out of jail ticket and path to greatness.

Phase 2 financing

Mx Oil said that the JV was still assessing options to meet funding requirements for the completion of the additional wells expected in Phase 2 and later the full field development.

The company added that, due to the impracticality of funding projects the size of Aje through equity, the partners began steps to procure debt funding for Phase 2 and potential future stages.

These discussions are expected to continue throughout the first half of 2019 to ensure the funding solutions and the technical output of the modeling work are in place so a decision on Phase 2 can be made quickly.

It is worth noting that there has been a significant reduction in the monthly operating expenses which are 66% lower than those in 2018. Mx Oil stated that it would significantly strengthen its position ahead of the Aje Phase 2 development decision.

WONDER WHO NOW CAN THROW THE CASH AT THIS????

The next move could be the tail may start to wag the dog.

The existing MXO minority interest in their Nigerian field may become a much larger one.

That field OML113 needs investment.

Which partner now holds the deepest pockets from being the pauper? Yes MXO sorry ADM Energy PLC.

I can see a massive debt package and substantial stake increase for ADM to get control of this field and develop.

It is a great asset, just needs cash and away you go.

c50% of the company is also now in tight ownership.

That means every day fewer of these golden tickets are available.

He's got fingers in multi-billion $$ projects worldwide.

https://bdnews24.com/business/2019/02/17/bangladesh-eyes-big-investments-after-four-deals-signed-with-uae

The third agreement was signed between the private office of UAE royal Sheikh Ahmed Dalmook Al Maktoum and Khaled Mahmud, the chairman of the Bangladesh Power Development Board. Under the MoU, LNG power plant, with the capacity of 800-1,000MW, will be built in two phases. It will also see to the making of a 100MW solar power plant

http://apanews.net/en/news/liberia-to-receive-significant-investment-from-uae

https://www.khmertimeskh.com/547862/uae-extends-500-million-credit-line-to-cambodia/

https://thenewdawnliberia.com/liberia-billionaire-emirati-sign-investment-agreement/

https://www.newshour.press/news/sheikh-ahmed-bin-dalmook-juma-al-maktoum-on-ghana-power-plant-case/

They are just a few examples of dozens of multi million-billion $ deals he's been making across the globe.

Other objectives of the MoU include: exploring the potential to develop Oil Blocks and Strategic Storage Terminals, developing cashless solutions for internally generated revenues (IGR) on direct assessment: and any other projects of mutual interest

SIGNED THE ABOVE MOU ON THE 12/4.

DOES THE DEAL WITH MXO THAT GETS ANNOUNCED ON THE 15/4

TWO LINKED I THINK SO

I agree with this sentiment, the Sheikh & Frangos will not have themselves diluted they will use the Sheikh's finance so whats available shares wise now is likely it.

Neither will the Sheikh want to mess with a company that's worth considerably less than the value of what's inside one of his many garages.

This will be £30m+ on hope valuation soon.

IRG that went into Echo gained a £35m+ hope valuation on what assets James Parsons from Sound could bring to the table, ultimately he delivered little there.

This though is very different and you could say a £35m or so hope valuation would be more than justified.

Perhaps more.

He's already signed a MOU in Nigeria last week to concentrate on oil field development.

https://dailypost.ng/2019/04/12/ondo-gov-akeredolu-member-dubais-ruling-family/

Shaun Zulafqar GradICSA is company secretary at Shakespeare Martineau.

He's just doing the legal filing and the paperwork.

Some of you guys do talk some crapola.

Shaun Zulafqar. Company Secretarial Assistant. Shaun.Zulafqar@shma.co.uk 02072644546.

He's the legal assistant at the lawyers company MXO use for legals etc, he's not connected to the Sheikh and he's not a new kid representing the Sheikh either.

He is simply performing that legal requirement for the company formation etc.

Sheikh's men have yet to arrive.....

0.2 ish then a mad scramble for more.

He can go over 30% and be exempt from a takeover if they ask permission and the panel agrees

Yes and he’s lined his own pockets here.

Three placees.

Massive news.

0.5 next week.

We now know the location of the 365m the Sheikh didn’t take.Got the placing.

Got to laugh, only the hideous past which will be the past is perhaps why folk have not pushed this on to 0.5 yet.

That's coming though

http://apanews.net/en/news/liberia-to-receive-significant-investment-from-uae

Could the junior party be the tail that ends up wagging the dog?

First of many deals I would suspect?

Agree they are getting tight now, hold onto them.

Focus on the massive size of the wealth the Sheikh can tap.

He's a major league player on the world stage.

A bit of digging finds that he was Nigeria last week and did a major MOU in Ondo State.

What's he going to do with those assets? Why did he arrive here this week with great haste.

Have you ever known a man of this stature and wealth come and take a stake in an AIM company this small.

Wake up and buy more. This will be £30m mcap soon on the hope of what he brings here next.

This could go to 1p on the potential of what he can bring.

No more dilution.

Can anyone really see the Sheikh using Peterhouse when he heads a sovereign wealth fund of Billions $$$$$$$

He's a major world player and he's got this company.

Next stop he asks for more but gets exemption of takeover rights and his stake goes to 70% or so.

Perhaps the inner circle he holds are already buying stock up.

Hold buy and hold and buy more.

Focus on whats coming in not a 0.01p move in the price.

https://dailypost.ng/2019/04/12/ondo-gov-akeredolu-member-dubais-ruling-family/

Other objectives of the MoU include: exploring the potential to develop Oil Blocks and Strategic Storage Terminals, developing cashless solutions for internally generated revenues (IGR) on direct assessment: and any other projects of mutual interest.