Imperial Energy Share Discussion Threads

[sillyname] 13/1/2009 13:03

Wahey ... money is in my Selftrade account.

[katsy] 13/1/2009 12:46

Sign on at the DSS

[nat7] 13/1/2009 12:45

anyone know what PL will do next

[katsy] 13/1/2009 12:41

I'm still waiting :-(

[madjock2] 13/1/2009 12:40

Yes. Got mine now as well. Cheers guys. all the best for 2009

[katsy] 13/1/2009 12:37

all those that have there money today should buy IEC, with only 3m shares allowed to trade and I bet still some shorts to close this could skyrocket. lol

[steelwatch] 13/1/2009 12:33

How's it feel to be a Rupee millionaire?

[bulldog67] 13/1/2009 12:30

Cash in Hoodless Brennan just checked.

[orvis] 13/1/2009 12:27

cash in my dealing account today (FasTrade)

[steelwatch] 13/1/2009 12:23

Not in Jarvis - just checked.

[rahubbard] 13/1/2009 12:18

Cash in my idealing account today

[katsy] 13/1/2009 09:08

Yep, no sign of it in my account either. I assume it'll take a few days for the brokers to distribute it.

[madjock2] 12/1/2009 13:07

Should be tomorrow

[imperial3] 12/1/2009 13:05

Which day are the cheques posted?

[madjock2] 12/1/2009 12:48

"We have deposited $2.1 billion with the registrar for Imperial's
acquisition for payment to equity and bond holders,"


Surely these must stop trading today or tomorrow?

[sailor9] 11/1/2009 18:42

8,15 % Rs loan placed:
-------------------------------------

ONGC borrows $1 bn for Imperial buy

Bloomberg / Mumbai January 10, 2009, 0:31 IST

Oil & Natural Gas Corporation, India's biggest energy exploration company, borrowed Rs 5,250 crore ($1 billion) to help finance its take over of UK-based Imperial Energy, a person involved in the matter said.

ONGC Videsh sold one-year commercial paper to about 15 investors paying interest of 8.15 per cent, said the person, who declined to be identified before an announcement.

Citigroup arranged the sale, which will help fund the New Delhi-based firm's £1.4 billion ($2.1 billion) acquisition of explorer Imperial, the person said. ONGC Finance Director D K Sarraf couldn't be reached.

ONGC tapped the commercial paper market after a series of interest rate cuts in Asia's third-largest economy reduced borrowing costs. Reserve Bank of India Governor Duvvuri Subbarao has lowered the benchmark interest rate four times since October to protect India from a deepening global recession. Overseas bond sales by Indian companies have stalled since ICICI Bank raised $75 million in July from an 8 per cent 10-year deal for its UK unit, data compiled by Bloomberg show.

Power Finance Corporation, a state-run lender to Indian utilities, last week sold Rs 1,590 crore of bonds maturing July 2010 that pay a coupon of 8.7 per cent.

ONGC's local-currency debt is rated A2 by Moody's Investors Service, the sixth-highest investment grade.

[5mally] 09/1/2009 09:20

vision88 / more like blinded88

[vision88] 09/1/2009 01:54

PAYMENTS MAY WELL BE DELAYED DUE TO BANKS SEIZING UP AND A GAS EMBARGO ON ALL EUROPE FROM RUSSIA

[phil2003] 08/1/2009 20:05

well I have to say I made enquiries to sell out at £11ish (combined 4 years of stress just got too much!??!)... this was when my broker told me.. "just sit & wait for the cash it's going to be accepted"...

insider monkey business? anyhoo - glad i held my nerves..

21st Jan money is good, the tax return cheques going in by end Jan & for once i'm not touching my savings - my mortgage is lower, my car's £20 cheaper to fill up, people paying up for equity - what credit crunch?!!? - praise those Indians!

[guman] 08/1/2009 15:12

steelwatch,
thanks.not long to wait.

[steelwatch] 08/1/2009 15:00

guman
============================================================================
4. Settlement of the consideration

Settlement of the consideration to which any Imperial Energy Shareholder is entitled under the Share Offer will be despatched either on or before 13 January 2009 in respect of Imperial Energy Shares for which acceptances of the Share Offer complete in all respects have been received as at 1.00p.m. (London time) on 30 December 2008.

Settlement of consideration due in respect of acceptances of the Share Offer complete in all respects received after 1.00p.m. (London time) on 30 December 2008 but while it remains open for acceptance will be despatched to accepting Imperial Energy Shareholders within 14 days of receipt of such acceptances.
============================================================================
but allow a few days for the banking system, so, say, around 21st January for assented shares.

[guman] 08/1/2009 14:45

when will we be paid? any clue.