RE: Due diligence4 Sep 2020 18:05
Don't forget Bobby, the Lang family have been working with that other big holderJon Fitzpatrick. He apparently negotiated the dale of their stake in West Newton a few months ago to Reabold. Jon F in turn has been working closely with Alaistar Ferguson, the 3rd big holder. These are serious players, West Newton I believe is the UK"s biggest ever onshore discovery. Also, one of the Langs was a director at UJO, Reabold's partner in West Newton.
The Langs clearly know the o & g industry very well. They also must know JF vety well and trust him a great deal to have him act on their behalves. They've now heavily invested in a company where he is already heavily invested.
JF also led on recent merger between CERP/BPC now valued dome Β£70m. This is big stuff, these aren't chancers who are throwing their hats in with us, they are very experienced and respected figures in o&g.