Would be ideal for logp to sell the stake with the money they get from market, they are just squeezing pennies from shareholders. From PVR front takeover is ideal if our master has same ideas of dilution, they had enough time.
...high API, because Libyan crudes have a high wax content. They may have done so in a blend.
Long speculation that Whitegate would process Broe crude. The crude is waxy. I have never seen a statement from Whitegate that the crude is suitable, despite the refinery having a very competent lab that could do a detailed assay. As far as I know, the refinery never processed Libyan crude, despite its hih
think i need to print it off and hang it over my computer. in case i am ever tempted to invest again.
wow that rns is a sobering read no doubt. especially when it lists the rights of the deferred shares...
Its my view if there is no interest in barryroe lansdowne wpuld have winded the decks now itself, whitegate refinery is crucial for farmout. The trigger to choose different option would be weekend one independent pulled out supporting the govt so this might cause delays in concluding transactions.
crikey would they just tell us already. i can't stand it any longer. is dilution better than extinction? or are they effectively the same thing? in this market who in their right mind is going to buy shares in an E&P company with a history of failure regardless of the price. please tell me he isn't such a fool.
There is a possible new funding deal for Lansdowne, but in the meanwhile they are preparing to issue more shares as a backup plan in case the other funding deal does not happen [link]
but pvr doesn't need 100mill unless it is for drilling druid and drombeg. unless melody is not extending the loan we only need ~7 mill and we have 9 mill .
wow! crikey i think if i had bought toilet paper it have held more values then the paper they are issuing.
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