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Tier that was my point when i referred to Companies House, However i had to go to a function and wasn't able to expand my post.
It is a disgruntled shareholder, this was passed by both Nigerian Government and Administrator's (EYI) they would surely have done Due Diligence . One of Exoro's former directors was one of the Gupta family famous for raping Africa of its Cash and assets. "pile of Sh--te in my opinion"

If you go on Companies House and put in Exoro Energy and read on the section of filing statements. Statements of Administrator's Proposal 8.jan 2020. it explains everything.

Not so sure its a P&D in this particular market as so much more going on (but it could be, being a little more positive more likely to be
News Monday/Tuesday
Director Buys
Seller finally done one
Trek
does have a point about Africa because if it takes hold there with there lack of medical care for the masses it good have a far greater impact than here. Nigerian default etc

I wrote to company last week and again like others on here have received no reply, i also see Niger being on back burner along with debt restructure as i mentioned yesterday. An update of reassurance would be welcome.
Is 6p on the cards today ?

I think the debt restructuring if not already agreed may be put on the back burner as i cannot see any finance company taking the risk at present on these kind of assets even though Central Banks will inject massive fiscal stimulus (i hope i am wrong).

Company now valued at less than £70 million and falling. New debt deal seams unlikely in these conditions

Some Directors buys wouldn't do any harm

There is an interesting article on Reuters today explaining how with oil at today's price Opec Countries are losing £500m/day.
Nigeria £35m/day., also there fiscal breakeven per barrel is $144 (Nigeria) $83 (Saudi). Can't see it being too many months before the posturing stops and the talking starts, Bl--dy painful in the meantime though.

Is there any chance our customers may come back and ask for a haircut on there Take off prices from us over the next 6 months or so as that could be a problem ?

Difference is US theoretically run a free market and the government will not intervene in Oil price fixing where as all Opec and Opec+ don't, Baker Hughes rig count each week will be the tell tail sign on US production. Not sure what Russian break even BOD is but non of them will want it below $30 for long, indeed below $40 but we could see it in the 20's in next couple of weeks.

Locking down London and the Stock Market might not be the worst scenario. Won't be able to fall any further for a while

Sadly think 7p may be on the cards today, i can't see AK putting a note of support out in this market as it will be ineffective.
News will come, when is the question.

All good news. However we are 70% $170 million down in 3 months on Jack s___ volume, very little shorting, something doesn't seem quite right

It is possible the funds didn't make it before end of 2019 and therefore will not appear in accounts end of this month and someone is aware. However on the other side of that the institutions all increased which seems unlikely they would have done if cash not received by year end.
Basically I haven't got a clue what is going on and this has been well and truly battered.

Lets hope its over soon, probably timed to link in with Results or news or both

Seems even the Market Makers have lost interest here !!

All possible let's hope we get some clarity soon.

Absolutely OAW especially as AK has eluded to it in the past, maybe the advisers have advised against.
Do we have to notify the market before buyback or can we just get a broker to hoover them up on our behalf as and when ?

I have mentioned this before," if" we do actually have the cash then this would be a fantastic opportunity to do a buyback £5-10 million. Doubt they are but you never know.

This is the only share in both my Portfolio and Watchlist that is in the red today, nearly 8 weeks of decline here surely it must turn soon. Appears Low volume, Low Share price and low interest are still the order of the day. Let's hope this is the"low" and we can finally move on.