Equator Exploration Share Discussion Threads

[shujja1] 26/2/2016 10:43

Send tham a email to make sure please lol

[spiccoli] 26/2/2016 10:29

It's a leap year so if they miss the deadline the revised target will be 4 years later :(

It's also international 'take a Nigerian to court' day...

[itscoming] 26/2/2016 08:50

Is something going to happen Monday? Taking bets now.....

[johnamill] 23/2/2016 14:34

Haven't looked in here for about 7 months - wondered why there was over 700 posts to catch up on. Good to hear that at least something seems to be happening - for once! Between EEL and GKP I'm sick of this investing lark - maybe one day it might come good!

Thanks to all involved in the SLG for continuing the good fight.

[geordieduke2] 23/2/2016 13:48

Maybe if they were given a further 2 year extension that would make everyone happy?

[2lb] 22/2/2016 16:18

They've got until Monday Captain.

Although I would press the SLG to pressure the EEL Board (aka OER, aka Oando) to state EXACTLY what will be done when Peak fails, yet again, to hit a deadline.

[captain kod] 22/2/2016 15:59

Well I'm looking forward to hearing we've got back the £58m from Peak and that an immediate special dividend to share holders is being paid! :-)

Oh what a dreamer I am! What odds on an announcement that a further 2 months extension has been granted?

[itscoming] 22/2/2016 13:58

Things are more stacked in their favour at present as they are going to get I would have thought so I'm surprised that no offer is forthcoming. In time surely things improve for the SLG not Oando?

[mknight] 21/2/2016 13:06

I am sure when things are stacked in Oando,s favor we will get an offer .

[dreamtwister] 21/2/2016 13:05

maybe it ! is time to take the slg from a voluntry organisation into a official registerd buisness !

[tom rigger] 21/2/2016 12:56

There,s black gold in them there holes......and they hold 81.5% purchased for peanuts.Time to reap the rewards.IMHO.

[digger27] 21/2/2016 12:51

Muto - my thoughts exactly. They've had years in which to pull the trigger but haven't.

[tom rigger] 21/2/2016 12:48

Muto

They own 81.5% and the SLG would not sell our stake so they cannot render EEL as closed or worthless as they would lose their hard swindled stake too.

To dilute us out of existence is counter productive in my opinion.

I wouldn't be surprised if they hold the 8.5% needed in a holding company then will buy us out under the 90% majority holder rights facility if they dont want to list this on any market.(which of course can be contested and true value obtained down the road if we fight)

If they do want a relist then the 18.5% will offer good liquidity and of course a further placing would add to this.

[gunner71] 21/2/2016 12:33

thks mr k

bottom draw and hope then something comes off it!

[muto] 21/2/2016 12:12

I am not sure why we are still here. It certainly not out of Oando's goodness of the heart. Somewhere along the line I'm sure there's an ulterior motive behind not pulling the shutter doors down on EEL. But what is it?

[digger27] 21/2/2016 11:36

Mr. K. Is the SLG still working on a getting a payout or has that been put on hold until Peak decision and or Kosmos developments.

[mrkeysersoze] 21/2/2016 11:00

Gunner,I don't personally envisage Equator being listed anytime soon.Let's wait & see how the EEZ blocks develop over the next 12 months, but one thing for certain Kosmos certainly don't hang around.Mr K.

[gunner71] 20/2/2016 23:54

GOOD NEWS MR K " THE HARE IS UP AND RUNNING " DOES THIS SHORTEN THE TIME SPAN OF ANY POSSIBLE RE LIST ??

[moormoney] 20/2/2016 23:31

Thanks Mr K. It is beginning to get interesting after all this time!

[mrkeysersoze] 20/2/2016 20:49

Hi Shujja,Yes, the deal was officially signed on Thursday...The posted news release is dated 19th February.Mr K.

[shujja1] 20/2/2016 20:42

Hay Mr k lol that news just out ?

[mrkeysersoze] 20/2/2016 20:39

Equator block 12 farm out news below translated from Portuguese to English. http://www.sapo.pt/noticias/governo-sao-tomense-assina-contrato-de_56c727cccb4f17aa4d31a75aSao Tome government signs petróleoLUSA19 production sharing contract in February 2016, at 14: 25A National Petroleum Agency of Sao Tome (ANP) and Equator Exploration today signed a block production sharing contract 12 in the Exclusive Economic Zone (EEZ) of Sao Tome and Principe in the amount of 2.25 million euros.Governo Sao Tome petróleoO signs production sharing contract signed contract results of the rights acquired by PGS company in 2001 and later transferred to the Equator Exploration before first auction of blocks made by the National Petroleum Agency 2010.Com the signing of this contract, the ANP holds 12.5 percent participating interest in this block, which has an average depth of 2500 meters and covers an area of ??7032 square kilometers. according to the executive director of the ANP, the contract will have a duration of 28 years, with the first eight dedicated to research and the remaining 20 for development and produção.O Equator Exploration, which operates in Sao Tome since April 2012 under the contract with the Sao Tome government for the bloc's five exploration in the EEZ, has 30 days to deposit $ 2.5 million in the account of the National Agency Petróleo.À sidelines of the signing ceremony of the block production sharing contract 12, was also signed by the National Petroleum Agency to grant interest authorizing the transfer of 65% of the participatory interests of the Equator Exploration for Kosmos Energy, regarding the block 05.Com this concession, the Equator will be only 20% of rights participatory and Kosmos Energy will be the operator said bloco.O director of the agency Sao Tome oil, Orlando Sousa Pontes believes that due to "systematic promotion," the country could "attract to the exclusive economic zone five companies, each with its dynamic ", which" shows that in the global oil industry, the EEZ of Sao Tome and Principe is increasingly attractive and promising. "" Now we are able to inaugurate a new stage that will be of intense research seismic the certainty that in the coming years we have good news, "said Orlando Sousa Pontes.MYB // APNMr K.

[shujja1] 17/2/2016 23:21

Hello Everyone am back after afew years .good to see everyone busy and doing well I got my 600,000 holding back from ig markets I had another 600,000 holding with city index will try to get my stock back from city index.if any one had any holding with city index would love some input .

[geordieduke2] 16/2/2016 17:08

Kind of funny how 2 years was so easy to accept compared to 2 months. Maybe it should have been 5 years or better still another 10 on top of the 10 already. Any predictions what we'll be told in 10 years time? Maybe then it will be the wrong time because oil is too expensive but there might still be some hope because Peak have be given one last final ultimate chance.