Dual structure/dual listed. Interesting and could explain the well placed rumors of the co's anxiety when the sp started rising after the whiteboard info was presented.
From the same link about, this is of interest too IMHO:
"The companies may also try to ensure that a takeover bid for one company will also trigger a bid on proportional terms for the other company. This is designed to ensure that each set of shareholders is treated equally."
I'm hoping when we do partner/merge with some entity, its one that will immediatly bring attention to our company and assets. Basically saying these assets are no joke. Afren would be an most obvious choice, as there are undeniable ties there and there heavy in Nigeria. However somthing with a Petrobas or a heavy hitter of sorts would give us the exposure we deserve. I still have a hard time seeing Jean Claude sitting there letting an opportunity like ERHE pass him by.
Imagine, Addax/Afren/ERHE.... dominant force? I guess so...
"A dual-listed company (DLC) structure (also referred to as a Siamese twin) involves two companies contractually agreeing to operate their businesses as if they were a single enterprise, while distributing cash flows to their shareholders in a prescribed fashion and retaining their separate legal identity and existing stock exchange listings.