Replies to post #24240 on Value Microcaps Motherboard

[Bobwins]

I hold Char.ob as do several other posters here. I don't know what to make of NLG accepting a lower offer than the current market price. Lukoil appears to have 60% approval based on insider ownership so it may be academic.

Since they own 60% of Char.ob, Lukoil would then be in the driver's seat with Char.ob. I see many people valuing Char.ob separately but I think Lukoil is already considering that as part of the deal. They aren't going to make a seperate deal for Char. They already own 60%. They can leave it that way or do things to make it unpleasant for minority shareholders.

I am thinking of selling next week and moving on. Too bad, Char was just coming into its own. Bobwins

[cliffvb]

CHAR- Lukoil may be strapped for cash but they have found themselves a partner in Conoco Phillips, a major USA oil-gas co. In fact Conoco owns over 10% of Lukoil. Lukoil just put out a PR last Thursday saying that they and Conoco are looking to make joint acquisitions in europe but outside russia in the near future...hmmm..

MOSCOW, Sept 29 (Reuters) - Russia's largest oil producer, LUKOIL (LKOH.RTS: Quote, Profile, Research) , said on Thursday it would join up with U.S. oil firm ConocoPhillips (COP.N: Quote, Profile, Research) to buy assets outside Russia.

"We have set up a joint group with ConocoPhillips to buy new assets, including in Europe," Vice President Leonid Fedun said.

"In the nearest future you will hear about new acquisitions outside Russia."

Officials from the two companies have said LUKOIL and Conoco could make a joint bid for Russian oil firm YUKOS' stake in Lithuanian refiner Mazeikiu Nafta (MNF1L.VL: Quote, Profile, Research) .

Conoco was not immediately available for comment.