Member Info for obone

I also did not know what this was either so I googled a bit. My understanding is that any company that has a position of more than 1% in the bidding company when bid made has to declare it or as soon practically after has to fill in a form 8.3 The relevant summary (greek speak) document is http://www.thetakeoverpanel.org.uk/wp-content/uploads/2008/11/rule8summary.pdf?v=120916

Share rise last four hours. Whats going on ?

I also have a modest investment after the shipping ramp up - so I have been watching my immediate loss grow today - but hope for an RNS soon. There is press release from January 2017 saying a rebel group are calling off oil attacks...could find again if anyone want to see. I re-read the Nov 2016 'Africa Oil Conference Presentation - November 2016' presentation on the Eland Oil web site. The earnings figures even from a low $40 / barrel are huge. There is planned production income bar chart over a two year period showing staggered start from many fields and flow contributions. A well planned exploration and major production company over medium term.

Thank you lezzils, Mary and coffeecups for your informed replies.

The share price is slipping when no company information has been issued for ages. There are too many opportunities elsewhere. It may be a good gamble when SP hits low 40s But it is a bit like backing a horse without the form guide. You cannot base your judgement only on previous a previous winning jockey.