If RNS lands to confirm = 100%14 Apr 2026 13:16
Interesting buy limits cut from yesterday, now want 6p for £5000 whereas £10k yesterday was easily available
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