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dumping at .13 now. soon we will see single digits. eom
my longevity has been at issue for some time. ie. owners often resemble their dogs.
are you long ? eom
L2 reads .12 x .1695 eom
2mln + aftermarket......somebody knows something eom
premarket low $3.83 ....eom
big shank to $3.99 close. let's see afterhours....eom
congrats to all longs !!! eom
Premarket low 9:19:46 @ $4.49 . eom
$5.20 in pre market..could not get a print. Ended up selling @ 10:32AM $5.03 !!
Happy to see this development reflect positively in the SP and show legs on Fri. Been in since Jan. will continue to buy and hold ! GLTA
umm..familiar w XOM in OML130 ?? TOT ?? eom
also Egina & Usan,2 sep. leases but XOM left OML130 for dead....How many holes did they punch and moved on ?
Listen closely, can you hear it ? That is the sound of capitulation .I am seeing an increase (albeit modest) in daily volume. IMO We are close to the end of the rinse cycle. Also, when the news is released, the deals will get done. And one more thing, (at the risk of wearing the tin foil hat pic) this board is being monitored by individuals who represent various organisations with varying interest. IMHO Good Prospecting to the good people of this board.
important to know levels at which entities make market. ie. who is the axe in this issue ?
ok UBSS ....now my order book is in sinq w/L2 eom
NITE just bought 40K @ .165 Who is on the ask @ .1675? Whoever is splitting the spread is not showing on my L2 .
I remember Raging Bull,Elephant Fields,...now Ihub. eom
OT:Gee Buffalo Bob, you sure know how to use that Electromindomizer ! Thanks for the stroll down memory lane to Doodyville making Howdy Doody out of Oil Cowboy ! eom
OMG a print 11:04AM 3rd today !! eom
no carry through/trade velocity/yes.close eom
thks mromro ! hope it translates to us! A consortium combining Starcrest Nigeria — a subsidiary of the indigenous Chrome Group — and privately held, UK based Eland Oil is set to buy OML 40 with an offer thought to be worth around $150 million. The bid is backed by an innovative financing deal put together through London-based financial advisor Matrix Capital. The equity-type funding package is sufficient to cover both the acquisition cost and also development financing, and has been subscribed to by major London equity investment funds, rather than risk-hungry hedge funds — the more traditional market
for such offerings.
When you say disappeared,...could you be more specific? eom
100sh.....spread tightens RODM b&a away from market. eom
review T&S for friday and tell me MPID for the largest fills at LOD.....thanks
MM's low balling bid, .034 spread RODM (our placement agent) continues to drag us lower.
Thanks HP nice find ! eom
maybe NDIC is holding units issued on a Deutsch Bourse ??
notice the wording ? ie. units which usually means something attached in the securities business.
Sir Emeka Offor, who said he was about defraying the outstanding balance of N934.9 million that his Chrome Group of Companies, owed failed African Express (AFEX) Bank, has sent a proposal to the Senate Committee on Banking, Insurance and other Financial Institutions on how to liquidate the debt.
The total loan Offor got for Chrome Group of Companies, as contained in the NDIC report that the Senate Committee Chairman, Senator Nkechi Nwaogu, read out on the floor of the Upper House on Tuesday, was N7.5 billion.
According to the report, Offor paid back only N3.8 billion. But he disputed the claim, saying N934.9 million was the outstanding balance of his company's indebtedness to AFEX Bank.
In a letter dated May 14, 2009, addressed to Nwaogu and signed by Company Secretary/Legal Adviser of Chrome owned by Offor, Anthony Achebe, Chrome said AFEX Bank's total deposit liability as at December 31, 2005 was N6.6 billion.
The letter stated that the deductions/payments to date included N3 billion deposit to Central Bank of Nigeria (CBN) by Chrome Group on January 12, 2006; N449,980,379.00 deposit to NDIC on June 28, 2006; N100 million deposit to NDIC on December 18, 2007; N100 million deposit to NDIC on March 20, 2008; interest on the N3 billion deposited at CBN at 10 per cent per annum up to May 31, 2009; and payment of N1 billion to NDIC by UBA Plc under the cherry picking arrangement.
According to the letter, “Outstanding balance viz-a-viz the defunct African Express Bank total deposit liability is N934, 925, 129.00.”
The letter stated further: “Security-Chrome Group’s Account with the defunct African Express Bank Plc were secured principally by a Lien on 100 (one hundred) million units of the common stock of Environmental Remediation Holding Company (ERHC) - an American registered company listed on NASDAQ. The originals of the share certificates of the above stocks are in the custody of the NDIC.
“We wish to observe that despite our efforts towards the repayment to the outstanding depositors of the defunct AFEX Bank Plc, no effort is being made to recover the outstanding loans of about N4 billion from the other customers of the Bank.
“Our proposal has thus taken into consideration, our previous repayments vis-a-viz the receivables from the cherry picking exercise conducted by the regulatory authorities as well as the entire deposit liabilities of the defunct AFEX Bank Plc.
“In view of the foregoing representation, we humbly request that Chrome Group makes a good faith payment of N1,200,000,000.00 (One Billion, Two Hundred Million Naira) in twelve equal instalments effective June 1, 2009 in full and final settlement of its indebtedness as against the outstanding balance of N934,952,129.00 needed to pay the outstanding deposit liabilities of the defunct AFEX Bank Plc.
“Our request to pay the above stated sum is borne out of our genuine desire to offset the indebtedness and taking into consideration that other debtor customers of the defunct Bank are yet to take steps towards liquidating their outstanding indebtedness.
ETMM on the bid & ask w/.005 spread (like watching paint dry)
Our October friend is picking up at LOD on the bid. eom
20k sh trade at the open dropped us .015 . eom
"The patience of Job" comes to mind ;) eom
Pray for Japan, give if you can. eom
Let's focus on the point of the post rather than response sequence. We are tennants in common of the JDZ . TOT is a qualified investor with reputable,proven experience in deepwater exploration & development who also has several joint opps at various stages of development with the other players in the field. ie. The price assigns market value assessment by a reputable buyer. This is why I and I'm sure many others would like to know the terms of blks 1 & 3 in the changing of operatorship and controling %.IMHO
What is spent to acquire JDZ operating rights by a Major Integrated Oil & Gas with producing assets adjacent is a relevent piece of information for many reasons. IMHO
Please post in a responsible manner. post #237585 : "SNP must be completely baffled and clueless as to where to drill next. If they really and honestly needed all of this time just to analyze the result in order to determine where to drill next and they STILL don't know and now they want Total's consultancy as to where they can drill and they are trying to buy time with the JDA so that they can get that consultancy, then man...
...SNP must be a bunch of morons. Why on earth would they ever embark on Phase 1 if they couldn't even determine where the Phase 2 locations would be?
I don't know if I can accept the above conclusion. SNP has to be smarter than that, right?"
Link please for the facts. thank you