Friday, October 06, 2006 1:57:01 PM
June 29, 2006:
“CanArgo Energy Corp. on Wednesday said that its 100% owned subsidiary, Tethys Petroleum Investments Limited, is planning to seek admission to the AIM market of the London Stock Exchange and raise funds for its development and exploration activities in Kazakhstan.”
http://www.rigzone.com/news/article.asp?a_id=33629
October 5, 2006:
“Tethys Petroleum, an independent upstream energy firm active in Kazakhstan, aims to raise up to $40 million when it floats on London's Alternative Investment Market." "We're not quite ready yet but it should be in the next couple of months," Robson said of the AIM offering. ODL Securities is acting as a principal broker on the transaction.”
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20061005:MTFH26602_2....
So, they have selected nomad already, and still need “couple of months”. Counting from the end of June it would be about 6 months total.
NWOG’s PR about “AIM Listing Process” was issued September, 13:
http://biz.yahoo.com/iw/060913/0162745.html
So, we will start trading in London sometime in March, 2007. Maybe a little earlier but not this year – we don’t have nomad yet. Of course, one can argue that NWOG is almost there and just doesn’t bother to inform investors about the progress… which could be true, of course.
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