Encore Oil Share Discussion Threads

[crosseyed] 09/1/2012 08:59

oilretire,
My EO. shares have also disappeared from my Selftrade account. I rang them and was told that the PMO equivalent shares will be credited on 17th January.
c

[steve73] 08/1/2012 05:57

Although i-dealing did not give me the chance to vote on the SoA (unless I paid a supplementary charge) they have offered me the choice of cash or shares, until CoB on the 8th. I opted for PMO shares but I've still been able to sell the EO. shares if desired.

[cashandcard] 07/1/2012 19:26

golcheja,


Nope, its a done deal at the prices set. As it happens, those who did not like the 70p cash offer have had atleast 3 opportunities to sell Encore near 80p if they wanted. I will settle for steady growth at PMO backed by increasing cashflow.


oilretire,


Mine too, but that is because I opted for the share option. How about those who didn't? Have they taken your shares from the account already for the 70p cash you will get?


Cash

[oilretire] 07/1/2012 17:35

Despite "with the last day of dealing in EnCore being 12th January 2012" my shares have disappeared out of my account.

Anyone else noticed that?

Not that it matters as I've elected to take PMO paper

[p@] 07/1/2012 11:43

Latest time to elect for the Share Alternative, i.e. receipt of Form of Election or submission of a valid TTE instruction on CREST 1.00 p.m. on 11 January 2012

[golcheja] 07/1/2012 00:04

Cash,
Do you envisage any scenario where PMO may be forced to increase their current ofer?

Regards
Gol

[goodgrief] 06/1/2012 14:06

If you put PMO on your Monitor, you might get your answer...

[petebarnes1] 06/1/2012 13:59

up she goes, do we get any benifit from this sharp price rise

[petebarnes1] 06/1/2012 10:27

Thats not to bad then thanks for the info pete

[cashandcard] 06/1/2012 10:15

pete,


Each EO. share will be exchanged for 0.2067 of a PMO share. The price of PMO at the time the deal was done was circa 338p.


Cash

[petebarnes1] 06/1/2012 10:04

can anyone remind me what price we get the pmo shares at is it at a price fixed some months ago and whats the split, can not find rns

[goodgrief] 06/1/2012 09:59

12th of January, I thought.

[petebarnes1] 06/1/2012 09:56

arnt we sold off now and awaiting our new pmo shares, or is there more to come out here

[petebarnes1] 06/1/2012 09:56

why increase a postiton on a company thats not going to have listed shares soon

[praipus] 04/1/2012 19:46

ABC Arbitrage buying now holding 1.37%

I'm tracking a number of arbitrageurs on the WAM thread for all private investors mutual benefit.

[vraic] 04/1/2012 18:36

Good close on both shares. EO moving further from 70 pence cash which means
the take up of shares will be much nearer to the maximum of upto 65.2million.
Should PMO rally to £3.871 the EO price would be 80pence.With bigger volume in both today I am wondering if the Institutions back from holiday are adding to
their holdings in front of a done deal and PMO analyst update 19th JANUARY.
dyor

[fangorn2] 04/1/2012 15:14

Indeed, I had a call from PMO today as well asking the same. Already advised brokers to take the PMO scrip alternative rather than the cash so the call was rather short.

[poppet123] 04/1/2012 14:51

I have just had a call asking if I was converting EO. to PMO, and would I contact my brokers to make sure this was done.
LOL

[wrightey] 04/1/2012 12:04

Little on the lively side today, following PMO I suppose, but just what is going down?

[vraic] 03/1/2012 18:32

lostit
Yes had a call near to 5 pm just before the holiday.I answered that was taking
the share alternative by doing this there is no CGTax to pay till I sell PMO
shares. This way I manage my tax efficiently.
PMO listed FTSE 250 company , highly regarded with big analyst update due 19th
January just after EO take out which is Monday 16 Janaury.

[daithedeath] 03/1/2012 18:23

Yes I've had two calls

[lostit] 03/1/2012 17:51

Anybody else on here getting cold called (recorded) by P.O. re intentions to accept the terms of the bid in respect of acception P.O. paper?

[flyingbull] 01/1/2012 13:45

I, too, have held EO. for many years. I've just set up this oil stock competition thread on Advfn which can provide oil stock investment ideas. It'd be great if you can participate.


rgds,
fb

[guesswhosback] 31/12/2011 13:01

Blocks 12/14, 12/19a (Split) and 12/20a to obtain 2D and reprocess 3D - even more into the Premier coffers.

Blocks 12/16b & 12/17b in partnership with North Sea Energy, EnCore and Nautical to shoot 2D and more....

and more..

Blocks 98/13 (Split) & 98/14 (Part) in partnership with Oil & Gas Investments, EnCore, Montrose and Magellan