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|RNS Number : 8973C
Sirius Petroleum PLC
08 September 2008
8 September 2008
Global Gaming Technologies PLC
('GGT' or the 'Company')
Change of Name to Sirius Petroleum plc
New AIM ticker
Following the approval by shareholders at General Meeting on 19 August 2008, the Company has changed its name to Sirius Petroleum plc and its new AIM ticker is 'SRSP' effective immediately.
The Company's new website address is www.siriuspetroleum.com and the Company confirms that it is compliant with AIM Rule 26.
The Company also announces that further to the announcement made on 20 August 2008, the First Placing has now closed.
About Sirius Petroleum plc (AIM: SRSP)
Sirius is currently considering a number of opportunities in the oil and gas sector with particular focus in Nigeria. Whilst discussions have been encouraging, the Company is at a very early stage in its consideration of potential targets. Sirius has an agreement in place with Taglient Oil Nigeria Limited, a Nigerian private company owned and managed by Nigerian nationals who have considerable knowledge and contacts within the Nigerian Oil industry. Under this agreement, Taglient has agreed, among other things, to use all its reasonable efforts to seek out opportunities for Sirius to acquire interests in oil and gas fields in Nigeria. A Nigerian joint-venture company has also been formed and named Sirius Taglient Petro Limited. This local presence is important for the grant of permits and licences to carry out business in Nigeria.
Hansard Group, John Bick tel: +44 (0)791 764 9362
Canaccord Adams Limited, Andrew Chubb tel: +44 (0) 207 050 6500
This information is provided by RNS
The company news service from the London Stock Exchange
|I am, just expected some progress after the egm.|
|when any investor thinks in that light, then, perhaps you know its time to sell...
|you have to be a very long term holder here|
|vista, i thought you were a long term holder..eh..
|I know drew|
|I'm not arguing!
Here by default.|
|There are so many good plays at moment that months in here is not worth it|
|These things take months, not hours.|
all the hype pre egm and nothing|
|Yawn, getting boring waiting. Has anyone tries to call them?
|still no news,|
|thanks vistaboy lets hope we all picked a winner|
|ggt for the time being then
An announcement will be
made to confirm the change of name and provide
the Company's new AIM ticker in due course.|
|This is just the beginning belson. 5 pence is my short term target but I'm holding for 12.5 p +. With new management appointments, change of name and a resectoring into Oil in Nigeria, we're looking at a potential 10 bagger.|
|I am a new invester ,do you think ggt has got much more to go or has it reached its top price|
have looked at the revamped website, still awaiting EGM result with perhaps a comment ..
ps. added Canisp (not today, mind u)and looking at Corvus for my penny port...|
|2magpies, that's excellent. I think that is indeed very significant and in line with the timescales we'd expect to see an opportunity appear. Well done for spotting this.|
|This is what the website says (updated today)
"As previously announced, Sirius is currently considering a number of opportunities in the oil and gas sector with particular focus in Nigeria. Whilst discussions have been encouraging, the Company is at a very early stage in its consideration of potential targets."
And this is what they said on the 23rd July:
"Whilst discussions have been encouraging, the Company is at a very early stage in its consideration of potential targets. No deal has yet been identified and
there can be no certainty that a transaction will be concluded."
Note that the last bit has now been dropped. Read into it, if you like, that there IS now a deal identified.|
|they'll have to tell us on what date the new ticker becomes active, ie when ggt disappears|
|From the Company website:
Sirius Petroleum Plc is a UK registered company whose shares are listed on the London Stock Exchange's AIM.
Given the change in the Company's strategy to that of a resources company and the name of its proposed local operating company Global Gaming Technologies has changed its name to Sirius Petroleum plc."
So the name change has already happened?
(btw they are not yet listed as 'Sirius', as we know -- just a little inaccuracy!)|
|I think there's a fair bit of excitement already priced in.
If everything is passed as expected, and in fairness, why wouldn't it be, then I'm quite sure there will be all sorts of fun and games as the rose tinted brigade battle it out with the cynics such as me.|
|Five minutes to EGM.
Will there be v exciting developments today?
Well, should be a name change at least, possibily effective tomorrow. And then we will start appearing in the correct sector.|
|7 trades today so far and no movement on the share price You can almost feel the elastic tension building in L2 - it looks like it's shaping up for a move up again.|
|daily exp ...shell company ggt rose 1/2p to 2.18p on hopes it was nearing a deal to acquire oil and gas assets in nigeria. global laid the foundations for acquisitions last month with sirius oil and taglient oil nigeria.|