RE: Hnl8 Dec 2016 11:01
Keep the faith Flyn
Cochran & Co i believe want there own oil/gas company run buy them and them only why else would Mr C hold 10% you would just use PI's and banks money to make a very good living.
Remember its 4 mouths ago now since the Engie MoU rns and this from the half year results below.........anyday now imho.
The Netherlands
On 4 August 2016 HALO announced that it had, through its subsidiary Hague and London Oil B.V., signed a Memorandum of Understanding (MoU) with ENGIE Global Energy Management ("ENGIE") to co-operate on the acquisition by HALO of natural gas production and reserves within Europe.
Under the MoU, HALO will contribute its upstream and commercial capabilities to target, acquire and manage specific low risk natural gas production assets in Europe.
ENGIE will contribute its substantial footprint in European gas markets and its expertise in energy management to offer an innovatively structured gas off-take, designed to help HALO secure the funding of such assets whilst minimising the dilution to HALO's shareholders.
No decisions have been made with respect to any specific opportunity but HALO continues to review opportunities in the country and applied for an offshore exploration licence in the F5 Block in late 2015. That process remains ongoing and definitive results are expected very soon. Additionally, the Company is preparing further applications for the Dutch Continental Shelf in the coming months