Seplat now vunerable With Afren now showing the door to Seplat in no uncertain manner. Word on the street now is with Seplat's latest aquisition it has now left itself in a vunerable position also. If as someone suggested the same is going to happen here as happened to Afren, then once the shorter move in they will decimate Seplat's share price and you'll be able to pick these up soon for 3 or 4pIt's starting to drop off already today and will finish the week possibly under £1 once the big boy's move in on this.
II Editor 22-12-14 NEW ARTICLE: Start of bidding war for Af...II EditorInteractive Investor Employee "After a challenging six months, it seems that low oil prices have come as a blessing for exploration and production company LSE:AFR:Afren. London and Nigeria-listed SEPLAT (SEPL) has taken advantage of the weaker market by putting a preliminary ..."[link] war for Afr...---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- --My God !! you are one sick person. A good business man never takes sides for fear of offending his customers. But your one sick person.
With news due today on a deal or no deal with Afren, this board is spookily quiet. It's like the Marie Celeste, so little volume, what's happening?
It's all about connections................... SEPL snap up a %age in OML 53 & OML 55 for consideration of $310M plus $80M debt advance.[link] eaten some way into their recently acquired debt finance, highlighted for acquisitions.Seems Chevron were happy to get shot, after exposure to Nigerian Courts etc.[link] all about connections.....................
NEW ARTICLE: Start of bidding war for Afren? "After a challenging six months, it seems that low oil prices have come as a blessing for exploration and production company LSE:AFR:Afren. London and Nigeria-listed SEPLAT (SEPL) has taken advantage of the weaker market by putting a preliminary ..."[link]
Afren confirms approach by Seplat 22 December 2014 | 09:14amStockMarketWire.com - Afren has notes the recent movement in its share price and confirmed that it has received a highly preliminary approach from SEPLAT Petroleum Development Company plc regarding a possible combination with Afren. Afren says there can be no certainty that an offer will be made or as to the terms of any offer.Afren also noted that Seplat must announce whether it plans to make an offer by 5 p.m. on 19 January. At 9:14am: [LON:AFR] Afren PLC share price was +5.66p at 53.23pStory provided by StockMarketWire.com
Funny goings on.......... ????? In case anyone is wondering why its falling quite hard, see the link below :[link]