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we know Glenn Whiddon is a dealmaker he is only back weeks and things are moving fast,the same basher here should know he done the recent AIM deal for one of his stocks shows how much he knows. http://hotcopper.com.au/threads/glenn-whiddon-commented-that-xtract-had-an-excellent-technical-and-operating-team.2547862/?post_id=15584334#.VZxBTvlVhUY Azonto Petroleum, a London-based oil and gas company focused on West Africa, has appointed Glenn Whiddon, who stepped down from the board in 2012, as Non-Executive Director. The company says that Whiddon, formerly a Non-Executive Director and Executive Chairman of the company, stepped down from the Board in March 2012 to pursue other interests. He is based in Australia, where the company has a corporate office in Perth. Chairman of the Board, Andrew Sinclair said: “We are pleased to welcome back Glenn onto the Board. He is a significant shareholder of the Company and already has a good understanding of the Company from his previous involvement. We look forward to benefitting from his experience as we move forward.” The appointment of Glenn Whiddon is a significant step as it places more control in the hands of the shareholders and of a group that has a demonstrated track record in generating value. What would really transform the Company would be the management “Trinity” of Messers Bartlett, Sinclair and Whiddon, but in the absence of Bartlett the dynamic duo of Sinclair and Whiddon is a pretty close second. As such, we believe that positive things should now start to happen, and while there is a long way to go before value can be restored, this is a timely first step. CEO. “As we indicate in our corporate presentation and as also highlighted in external research available on our website, the value of Azonto’s interest in Gazelle is significantly in excess of our current market capitalization.,the economics remain fully robust even though the price of oil has fallen significantly in recent months. We look forward therefore to working with Vioco towards project sanction and unlocking full value for shareholders.”

of course its good news we have known for months it was sale or farm in,bashers looking 2 kill it,think oz will see it very diff 2nite,Im delighted and a very good price with a US$2mln kick back 2 boot If a commercially viable hydrocarbon discovery is made in this well, US$2mln is payable within 10 business days.

BurrenBoy reckon its worth double the current sp 0.55-0.6

Keep the abuse up it suits you,lse have rules for a reason.GL

Cash http://www.iii.co.uk/research/LSE:AZO/news/item/1471371/quarterly-activity-report-march-2015 Cash on hand at 31 March 2015 was A$5.1 million http://www.proactiveinvestors.co.uk/companies/news/108775/azonto-petroleum-plans-to-sell-35-vioco-stake It is intended to enable the company to realise value for its interest in Block CI-202 in excess of its market capitalisation and removes significant financial obligations for which Azonto would be committed in the next 18 months,” it said. The terms of the sale and purchase agreement, which must go to a shareholder vote, sees the buyer pay US$4mln less up to US$400,000 of certain net liabilities related to the period before Vitol’s acquisition of 65% of Vioco in November 2013. The consideration for certain wellhead drilling equipment is US$1.1mln, subject to Vioco’s commitment to an exploration well, required to retain CI-202 licence. If a commercially viable hydrocarbon discovery is made in this well, US$2mln is payable within 10 business days.

Pete21 ITS A GOOD deal lets see how oz reacts you might just wish you had bought. http://www.proactiveinvestors.co.uk/companies/news/108775/azonto-petroleum-plans-to-sell-35-vioco-stake It is intended to enable the company to realise value for its interest in Block CI-202 in excess of its market capitalisation and removes significant financial obligations for which Azonto would be committed in the next 18 months,” it said. The terms of the sale and purchase agreement, which must go to a shareholder vote, sees the buyer pay US$4mln less up to US$400,000 of certain net liabilities related to the period before Vitol’s acquisition of 65% of Vioco in November 2013. The consideration for certain wellhead drilling equipment is US$1.1mln, subject to Vioco’s commitment to an exploration well, required to retain CI-202 licence. If a commercially viable hydrocarbon discovery is made in this well, US$2mln is payable within 10 business days.

what i love is he is back and he is a major shareholder and his wife. Mr. Whiddon, formerly a Non-Executive Director and Executive Chairman of the Company, stepped down from the Board in March 2012 to pursue other interests. Mr Whiddon is based in Australia and is a significant shareholder in the Company, representing an aggregate 7.3% of the share register. Commenting on the Board change, Chairman Andrew Sinclair said: “We are pleased to welcome back Glenn onto the Board. He is a significant shareholder of the Company and already has a good understanding of the Company from his previous involvement. We look forward to benefitting from his experience as we move forward.” Additional information on Glenn Whiddon (age 51) Mr. Whiddon has an extensive background in equity capital markets, banking and corporate advisory, with a specific focus on natural resources. Mr Whiddon holds a degree in Economics and has extensive corporate and management experience. He is currently Director of a number of Australian and international public listed companies in the resources sector. Mr. Whiddon was formerly Executive Chairman, Chief Executive Officer and President of Grove Energy Limited, a European and Mediterranean oil and gas exploration and development company, with operations in Italy, Romania, Slovenia, Tunisia, and the UK and Dutch North Seas. In 2002 Grove’s market capitalization was less than C$5 million. In April 2007, Grove was acquired by Stratic Energy Limited, a TSX-listed oil and gas company, for C$150 million. As the ASX form says that the sole director of 6466 Investments Pty Ltd is Jane Valentine Whiddon, who is the wife of Glenn Ross Whiddon who’s holding is believed by the company to be 34,654,486 shares, the aggregate holding of Mr Whiddon is accordingly 110,853,467 shares. According to a report published in September 2013 by Wood Mackenzie, their estimated potential value of “good technical” fields (i.e. discovered undeveloped) in Africa amounts to some US$ 125 bln (20% of the global total ex Middle East). › To put that into perspective, 0.5% is US$ 625 mln (42 times AZO current market cap).

I have a good holding in here things can change very quickly

a few more buys and we are rocking

ZoeSizeZero buyers will arrive just hidden away

Looking hot

Azonto Petrol (AZO)A series of recent finds has peaked the interest of companies looking to get a share of West African prospects. 7th July 2015 http://goo.gl/UniD7A

Barchart BUY. http://www.barchart.com/opinions/stocks/AZO.LS

3.24m buys so far. https://www.google.co.uk/finance?q=ASX:APY

Azonto Petroleum - EEA granted for Gazelle Field http://tradersown.co.uk/blog/34035/Azonto-Petroleum-Eea-Granted-For-Gazelle-Field

nesty he will be fine with both and like over there nobody was on the thread it will happen here as well.

Fitch Affirms Cote d'Ivoire at 'B'; Outlook Positive http://www.reuters.com/article/2015/07/03/idUSFit92775920150703

How to play the Greek crisis? I'm investing in Africa http://www.telegraph.co.uk/finance/personalfinance/investing/funds/11720444/How-to-play-the-Greek-crisis-Im-investing-in-Africa.html The Opportunist: European stock markets are falling, creating cheap entry points in far more exciting markets, says Andrew Oxlade By Andrew Oxlade 1:43PM BST 06 Jul 2015 European stock markets are falling, tempting brave investors, but the effects are rippling out much further afield and creating cheap entry points in far more exciting markets.

ZoeSizeZero shocked its not already very tightly held

up both exchanges