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Sea Pigeon

12/12/14 10:59 AM

#35218 RE: BigIronOnHisHip #35217

I held Dana Petroleum through a RS. Its an interesting story.

Unfortunately our DR is no Tom Cross.

Tom Cross received a phone call he’ll never forget six weeks ago. It came after the announcement that he was selling Dana Petroleum, the oil company he founded 16 years ago, for £1.87bn.
“It was from a disabled pensioner in Ireland who was calling to say thank you,” he recalls. “She said: 'Dana has transformed my life’.
“She invested £400 in 1995 and was getting a cheque for £720,000. She was able to move to a new bungalow with wheelchair access and to go to Australia to see her grandchild for the first time.
“There are a lot of people whose lives you have completely changed,’ she told me. That really captured it for me. It really showed me what this means.”
“This” is the takeover by Korea National Oil Corporation (KNOC), which Dana chief executive Cross, 49, had been battling against vehemently since a £17-a-share approach arrived in June.


http://www.telegraph.co.uk/finance/financetopics/profiles/8113069/Dana-Petroleum-chief-Tom-Cross-reflects-on-the-deal-of-the-decade.html