Aurelian Oil & Gas Share Discussion Threads

[greenroom78] 12/11/2012 15:42

Looks to me like quite a few want the deal if not I don't think it would've got this far. I wouldn't say it is lose, lose. I do think that SLE have got a better end of the deal though but then that tells me two things. 1. AUL had no better offers (or ideas) and 2. Siekierki is not worth as much as we hoped.

[johncraven] 12/11/2012 15:40

But it sounds like, with all the fuss not many want the deal lol. A loose loose situation I take it then greenroom78

[greenroom78] 12/11/2012 15:37

I wouldn't. Who knows why others would?
You would expect there to be a bit of a discount, the % being the 'risk' of the deal not going through.

[johncraven] 12/11/2012 15:36

So why would you buy SLE then why not buy AUL if both companies are mergeing together and with AUL you get a big discount????

[greenroom78] 12/11/2012 15:33

Because both are SETS and demand is outweighing supply in SLE but supply is outweighing demand in AUL

Simple as that.

[johncraven] 12/11/2012 15:30

So why is SLE moving up now and AUL not budging?

[johncraven] 12/11/2012 13:26

SLE starting to rise abit so hopefully AUL can close in the blue today.

[johncraven] 12/11/2012 12:48

Should be a good thing then as they have recently been buying. Could be a manopoly of Europe.

[naithani] 12/11/2012 12:46

Tosca, kulczyk and Cheyne agreed for merger, it seems.

[johncraven] 12/11/2012 12:40

Then Cheyne?

[johncraven] 12/11/2012 12:39

What about Tosca??

[naithani] 12/11/2012 12:20

They need approval from 75%+1 shareholders to get this merger through. which means that they have to get another 28% shareholders on board. I think there must be some disgruntled II who wont be happy with this merger. I am definitely going to say NO to this.

[johncraven] 12/11/2012 11:29

Vote against it then

[jiggle] 12/11/2012 11:05

Sorry G78, you had already posted the presentation - hadn't noticed that.

[johncraven] 12/11/2012 11:05

Makes an interesting read that presentation. Should become a large player next year with the 3 main points below:

a) Reinforcement and consolidation of existing asset base and expertise
b) Balanced future strategy
c) Transaction capabilities and portfolio management

[jiggle] 12/11/2012 10:53

Presentation of the merger from the Aurelian website:

[johncraven] 12/11/2012 10:44

SLE 12month target 60p?? lol this may be a great move.

[johncraven] 12/11/2012 10:43

Well thats a positive article. Seems plenty of value here.

[greenroom78] 12/11/2012 10:35

Bit more insight into SLE

[greenroom78] 12/11/2012 09:52

The two prices will come together in time. You have to consider liquidity though. If there are large holders looking to sell out because of not liking the deal then in the short term supply will outweigh demand and hence the price will drop.

The terms are set, so if you believe it a good deal then no worries. Its not the deal I wanted but I haven't sold yet as I am still researching SLE.

My fear is that combined they will still have too much to do and not enough cash to do it. I like the SLE Moroccan licences but I already have exposure to that with SQZ. The Barryroe exposure is also good (but small), still learning the rest.

[lammergeier] 12/11/2012 09:47

JC -Have a good read of this article,it will explain a lot of what goes on in
the early days of a stock merger