Equator Exploration Share Discussion Threads

[2lb] 10/5/2016 16:11

It's all go today.....



"David Cameron calls Nigeria and Afghanistan 'fantastically corrupt'"

[2lb] 10/5/2016 12:21

GD2 - pretty much sums it up.

The Peak stuff is a farce and a con. Court orders and laws mean nothing in Nigeria and are totally unenforceable, you just need to know the right people and pay the going bribe rate on the day.

Should have been dealt with years ago - any resources down there will have fossilised before it gets resolved....

Any company in, or with any links to Nigeria should be barred from any and all international stock exchanges.

[2lb] 10/5/2016 12:14

The management of energy group, Oando Plc, on Tuesday informed the Nigerian Stock Exchange (NSE) that the date for the conclusion of its proposed plan merger with Oando Exploration and Production Holdings Limited, its Canada-based subsidiary has been further extended to May 31, 2016.

[astorcourt] 09/5/2016 12:16

When Peak go's to court, who is it that actually walks thru the door to represent Peak, who is this gentleman? does anyone know his name?

[captain kod] 06/5/2016 11:54

Yes the brown envelopes that are passed around to make sure this always remains on the back burner!

This, along with everything else, will never be resolved fairly - all a bunch of crooks!

[exile] 03/5/2016 21:54

interesting article... I think Patrick Bastin named in the article was at the EEL/SLG meeting I attended a few yrs ago, someone will correct me if I'm wrong.

[gunner71] 02/5/2016 21:36

Interesting read and this is what the slag team is up against so take your hats off to mr k and all = How Wale Tinubu; Group Chief Executive, OandO, operated 12 shell companies in tax havens.



hxxp://www.premiumtimesng.com/news/headlines/202000-panamapapers-tinubu-operated-12-shell-companies-tax-havens.html?utm_source=dlvr.it&utm_medium=twitter

[angel of the north] 28/4/2016 10:56

Thanks for the update Mr K and I appreciate the work you put in as do I the SLG.

[roadkill2] 28/4/2016 00:18

Thanks Mr K

[wantmorethan24p] 27/4/2016 17:39

aim duds updated list


bowleven
ASCENT RESOURCES
PETREL RESOURCES
LEEDS PETROLEUM
NIGHTHAWK
VOG
CIRCLE OIL
REGAL PETROLEUM
DESIRE PETROLEUM
ROCKHOPPER
STERLING ENERGY
SOLO
EMPYREAN ENERGY
CADOGAN PETROL
logp
pvr
charit oil and gas
madagassar oil and gas
EEL
RANGE RESOURCES
RED EMPEROR

[whowants2bamilionare] 27/4/2016 17:33

Having waited 8 odd years for a return, might be entertaining, amusing and interesting to some but to many it wasn't!

The hormonal out spoken posters kept this board as much alive, as those with the various nearly there updates, nuke threats and nuke deadline posts.

None of it seems to have made any difference and only another 2 year wait ahead of us, before exactly what????????.

With OER delisting from the TSX, I wonder if this is another MOIL in the making.

Out of sight out of mind.

[tom rigger] 27/4/2016 15:54

Whats the wages for a non exec on the BOD MR.K.Did this get discussed at all?

[tom rigger] 27/4/2016 15:48

CC just in the nick of time to quell the whinging minorities.More of a convenience call than a conference call ;)

* A Non Executive Director is to be appointed to the Equator Board upon the conclusion of OER delisting fromn the TSX. This process is expected to seek shareholder approval, prior to any appointment.

im voting for geordie as i need some new updates ;)

[muto] 27/4/2016 10:12

We are all in the same boat GD2, ffs stop moaning all the time.

[geordieduke2] 27/4/2016 09:12

and when the oil price is back up there will be some political upheaval in Venezualiastan. or another boardroom reshuffle somewhere in the world. If anyone still think they'll get something out of this can you let me know what pills you're taking, I could really take some happy delusion right now.

[gunner71] 26/4/2016 23:35

thank you mr k for your update much appreciated

[gpmh1] 26/4/2016 22:50

Thanks for update Mr.K/SLG Team.

This may sound odd/strange to the hormonal posters who continually moan & complain on this thread, but this particular "investment" has been more entertaining, amusing & interesting than every other investment I have owned over the last 30 years...and although many on here think Oando will never cough-up/return any form of payment to the EEL minorities...I on the other hand believe Oando are trying very hard indeed to work EEL's valuable assets in a very difficult working environment [low oil prices /Peak nonsense etc] to create value for ALL EEL shareholders, including themselves!!!!

Patience is key.

Regards,
Gpmh1

[exile] 26/4/2016 22:32

The Chairman of peak owns a Merchant Bank ffs'

[exile] 26/4/2016 22:24

Financing solution to Peak ? My initial reaction is WTF ! However could you expand on this please ?

[moormoney] 26/4/2016 21:02

Thanks Mr K. Well done for trying but we can't get blood out of a stone!

[mrkeysersoze] 26/4/2016 20:14

A conference call between the SLG Team, along with Mr Pade Durotoye (OER CEO) & Mr Philip Dimmock took place on Monday afternoon.

The key points of the call are as folllows:

* Equator debt position currently under review.

* A Non Executive Director is to be appointed to the Equator Board upon the conclusion of OER delisting fromn the TSX. This process is expected to seek shareholder approval, prior to any appointment.

* A seismic program is due to start in Q1 of 2017 by Kosmos, which will incorporate Equator's block 12 along with Block 6 & 11. The data will be reviewed & prospects determined for a 2018 drilling campaign.

* OPL 321 & 323, dialogue with KNOC had slowed down, due to the appointment of a key senior board members. Communication has recently restarted.

* Peak OML 122: The deadline issued has expired. Equator / OER are currently exploring the possibility of offering Peak a financing solution, beneficial to all stakeholders. The enforcement of the winding up order held by Equator, would simply mean that the licence would revert back to the Nigerian Government, which in effect would be comparable to commercial hari kari.

* There is not expected to be any offer made to the minorities in the near term, and an option not pursued by the SLG team at present, due to the current depressed oil price, added further by the early development stage of EEZ blocks 5 & 12.

regards,

Mr K.

[dreamtwister] 26/4/2016 17:26

if the slg was a ltd company.... oando/kosmos/peak/knoc... would take more interest !