I have no idea how far the blocks are from each other, but it's so refreshing to see a relevant post on this site, rather than the usual narcissistic liar of drivel written by people who think anybody else is actually interested in what they are writing.
Thank you for asking a question which is of interest to the rest of the people on this chat.
Nobody can buy out CEG without Eytan's bleeding.
A few years ago he mentioned that the shareholders were not 'sophisticated', which upset a number of holders because they did not understand the definition of a 'sophisticated shareholder'.
Currently there are a number of sophisticated shareholders and they are all friends or ex colleagues of Eytan. You can check the relationship just by combining their names with Eytan's in the same search. A very large chunk of holders are here for the long run and are happy to take directions from the CEO.
It is true that there are a lot of shares in circulation, but the liquidit, although still sizable, is not as large as people assume.
I believe that some of the licenses have been relinquished already, but can somebody tell me what is going to happen in early 2023? Any ideas?
https://www.cegplc.com/operations/
Renewed farmout process commenced. ‘Drill or Drop’ by early 2023
https://www.sharepro phets.co. m/views/45248/bahamas-petroleum-7-million-open-offer-one-to-pass
Let the man's history speak for itself
https://www.*************.com/views/45248/bahamas-petroleum-7-million-open-offer-one-to-pass
Why is everyone worried about the RNS?
1) BPC needs lawyers to sign the deal, and if the deal doesn't go through, they still need paying. They would have asked for a deposit for their fees.
2) BPC may find a partner, but the deal will could be on the basis of payment upon a successful discovery in 2020. BPC still still needs cash to keep going until then. Mr. Potter still needs paying (15month contract extension will be announced next week), and money is needed for other purposes until then (his golf course fees for example).
Don't worry. All is good, but be prepared for a lot more dilution along the way.
What is BPC playing at? It must be easier than organising a **** up in a Brewery to find a partner these days.
Trump Attempts Bold Move With Saudis On Venezuela Crisis, Russia Oil Deal
http://www.investing.com/analysis/trump-deals-different-hand-to-saudis-in-russia-oil-pact-venezuela-crisis-200385582
Sorry if this has already been posted, but there's so much crap on this board now, that proper news gets difficult to track. This is what it was all about. This is what Macquarie do, and it all a part of the process. Shares will get diluted along the way, before the final one which will be the Farm Out (itself a dilution). https://www.macquarie.com/uk/corporate/advisory-and-capital-markets/case-studies/long-run-exploration