RE: Gas prices to soar even further now24 Mar 2026 07:06
Now is the time DICK - send this to the moon
Further to the announcement on 10 November 2025, the Company is pleased to confirm that the invoice factoring facility with Parris Group Limited has now been completed.
In addition, following the Company's announcement on 19 November 2025, the Company confirms that it continues to progress discussions with City Oil Field ("COF") in relation to the proposed strategic agreement and cross shareholding arrangement, which, as previously announced, implies a valuation of 11.87 pence per Sabien ordinary share. The transaction remains subject to the completion of a number of conditions, including the completion of the PEDCO investment and compliance with applicable Korean financial regulatory requirements.
As a result of these conditions and regulatory processes, the Company currently expects that, if the transaction proceeds, completion is likely to occur later in the first quarter of 2026. Further announcements will be made as and when appropriate.