SOMETHING BIG IS COMING! the look of the SP movement
RNS 10 February 2015Mosman Oil and Gas Limited Update on Takeover Bid for MEO The Directors of Mosman Oil and Gas Limited ("Mosman" or the "Company" (AIM: MSMN) refer to the announcement made by the Company on 28 January 2015 titled "Proposed acquisition of MEO Australia Limited - Release of Bidder's Statement" in which the Company announced that it had lodged with the Australian Securities & Investments Commission ("ASIC" the bidder's statement ("Original Bidder's Statement" in relation to an offer announced by Mosman on 11 December 2014 to acquire 100% of the fully paid ordinary shares in the issued capital of the ASX listed MEO Australia Limited ("MEO" ("Offer". A copy of the Original Bidder's Statement was provided to MEO and ASX on 28 January 2015. A replacement bidder's statement in respect of the Offer which replaces the Original Bidder's Statement ("Replacement Bidder's Statement" was lodged with ASIC today. Click here for the link to the full Replacement Bidder's Statement: [link] A detailed summary of the Offer was provided on 28 January 2015 with the release of the Bidders Statement. There has been no material change to the base information provided in that summary save for as a consequence of the share price movements of Mosman and MEO and the release of Mosman's half year results as at 31 December 2014. This RNS announcement should not be utilised by the shareholders of MEO in making any decision on whether or not to accept or decline the Offer and is solely being released for AIM disclosure purposes. Shareholders should read the Replacement Bidder's Statement in its entirety before making any decision on whether to accept or reject the Offer, and should consult their financial or other professional advisers if they are in doubt as to how to deal with the Replacement Bidder's Statement. Section 631(1)(b) of the Australian Corporations Act 2001 (Cth) ("Corporations Act" requires that the Offer be made within two months after the Offer is publicly announced i.e. by 11 February 2015. ASIC has granted a modification of section 631(1)(b) of the Corporations Act to allow Mosman to make the Offer (i.e. to despatch the Replacement Bidder's Statement) within two months and 14 days after the Offer was publicly announced i.e. by 25 February 2015.
Re: Two Director purchases I have a few blue chips in my "Virtual Portfolio", Rolls Royce, EazyJet, and Premier Foods. All doing brilliant, just wish I had sufficient funds to have actually bought into these initially. far safer bet than AIM.Hey ho, "he who dares wins Rodders", or maybe not in my case.B_B
Re: Two Director purchases Usual AIM shenanigans,Baz? We've seen this lowered all the way to 4p odd recently and now bouncing back.For what? Another one to average down? I'm trading blue chips more now,its a safer option!
Two Director purchases ..of a total of 450K shares 5p each appear to have lit the touch paper 355 up so far today!!Good news??B_B
Re: RNS TODAY No Dave, does not smell like Bullcaca, but sounds like a promising step in the right direction.RNS today announces commencement of flow testing at Crossroads 1. Expected to last 60 days with updated seismic results within that period.Sounds promising to me, at long last. Now is the chance to average down. Many holders are still holding at 20p+ I suspect, me included.B_B
Re: RNS TODAY It looks like bulls Shiit smells like bull Shiit it properly is bull shiit
120yrs of transformations...... .....since the great oil barons of Texas to the crude shrewdies of the Saudi oil sheikhs, one wonders if it is about time the oil industry is about to go into 'schizm' (a word normally reserved for the church) but in this case rather apt? Collapsing oil prices could precipitate a round of take-overs leaving investors wondering if it is worth taking the risk of 'sink or swim'...?~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~Oil Drillers Going to Die in 2Q on Crude Price SwoonJoe Carroll Jan 22, 2015 9:39 pm[link] drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.Companies that drill wells and manage fields on behalf of oil producers will be the first to fall after the benchmark American crude, West Texas Intermediate, lost 57 percent of its value in seven months, said John T. Young, whose firm led the city of Detroit through its 2013 bankruptcy.Oil companies have slashed thousands of jobs, delayed billions of dollars in projects and dropped or scaled back expansion plans in response to the prolonged rout in crude prices. For oilfield service providers that test wells and line the holes with steel and cement, the impact of price reductions forced upon them by explorers will start to pinch hard during the second quarter, Young said Thursday.The second quarter is going to be devastating for the service companies, Young said in a telephone interview from Houston. There are certainly companies that are going to die.Oilfield-service providers are facing a double-whammy, he said. Even as oil companies are demanding 20 percent to 30 percent price reductions, theyre also extending wait times before paying their bills, enlarging cash-flow gaps for the drilling and equipment firms, he said.
This is the only time to get in at this price. so oversold
BIG BUYS BEING QUOTED. time to get in now!!
RNS TODAY Oh Dear not commercial , this is the last of my oil/gas shares now down 35% this morning I expect another hit as we go on.
Re: RNS Market did not like this last RNS.Groundhog day,rinse and repeat?
Re: RNS 2 more RNS TO GO AND WORKING ON MORE ASWELL I HEAR JW
Funding While the new exploration area allocation news is welcome the markets are somewhat cautious. A combination of weak oil prices and the realisation that MSMN are going to need to raise a lot of cash to get this moving forward?
RNS Three new exploration permits awarded to Mosman This should renew interest for investors.B_B