RE: Africa Energy released a clue..23 Sep 2018 20:33
I believe information would need to be announed from Tullow?
What is a Chinese Wall?
In finance, a Chinese Wall (or a Wall of China) is a virtual information barrier erected between those who have material, non-public information and those who don’t, to prevent conflicts of interest.
Below is an example of how a bank uses a Chinese Wall policy to comply with securities regulation.
Material Non-Public Information
Investment bankers in possession of material, non-public information concerning a publicly-traded company are strictly prohibited from discussing any such information with individuals who do not have a need to know such information for the purpose of servicing the client that provided the information to the bank.
A bank’s information barriers are designed to properly control the flow of confidential information from one part of the bank to another, or from one bank, or part of the bank, to any other business unit within the bank.
Generally, only those bank employees who are directly involved in servicing the client, or who are necessary participants in the senior management and due diligence processes of an investment banking transaction, may be brought “over the wall”.
https://corporatefinanceinstitute.com/resources/knowledge/finance/chinese-wall-definition/
Africa Energy
Additional Information
Africa Energy is obliged to make this information public pursuant to the EU Market Abuse Regulation.