Exillon Energy Share Discussion Threads

[drsmessguide] 15/12/2013 09:20

I absolutely believe that their short selling mates have not been advising them

[nufcfan] 15/12/2013 09:10

What's the reasoning for getting out then apart from the obvious ?

[technocat] 15/12/2013 09:05

Sunday Times business section (back page) has a piece. Nothing new from what we already know but it concludes with a warning and recommendation to 'get out'

[nufcfan] 15/12/2013 08:49

And to add to your post....the shorting etc was carried out with haste as presumably playing time is limited.....watch the share price rise next week...games will continue....I am interested in Schroder's holding/stance as they we're consistently selling all the way to £3 ish but have now also started buying again !!.....gla..

[pro_s2009] 15/12/2013 02:59

nigelpm 14 Dec'13 - 19:29 - 4548 of 4557 0 0

You definitely need to think about why the share price is £2.30 - a full 40% below the price paid.

The market can be irrational but this is plain silly.

Remember someone ALWAYS knows more than you do.



The share price was in the 280p to 290p range - when the news of the sales by Hanberg/Gazprom come out the share price went to 300p.

BUT - then First Energy, VSA and others all released together notes into the market say "be careful might get a lowball offer now".

The result of those notes being fed into the market led to 1% (only 1%) of the companies shares being sold and a price collapse to 200p.

Had those "advice" notes not been released the price would not have fallen.


The market knows more ? No - if the market knew the volume of sells would be much higher.

Someone put some shorts on, some released some notes which would make people sell - and hey presto sells, price fall, shorts in profit.

The City of London is MORE corrupt than Russia.

[steve73] 15/12/2013 02:41

thanks for your summaries of the TO code - maxp4.

One question since Arip held over 30% at the start of all this activity.

Why then did he not have to make an offer for all remaining shares?

[nufcfan] 15/12/2013 00:48

I agree most of us are in the dark as to what game the Russians are playing. Are the two main players in it together or in opposite corners ?...its edgy stuff that's for sure. After arip sold uncertainty crept in slowly to the sale process with certain companies starting to short the share price which has ultimately left the share price far lower than expected at this stage. I watched closely last week as we nudged just below £2 and there was a flurry of AT's at this level so that's where players were lurking. I think we will be sold for close on £4 which as we know is v cheap for the assets exi has. I was lucky to have bought in mid 140's and sold above 300....I started buying again low 200's and will buy my position back in full next week and cross fingers my gut feeling is true...I think we are being given a second bite of the cherry in this game of intrigue.....''from Russia with love ''......gla....

[nigelpm] 14/12/2013 21:26

Point is continue the sales process until and only until a firm offer has been accepted

[maxp4] 14/12/2013 20:48

Not much they could have done to stop Arip and Worldview selling to the russians.
you could always email our ceo [e-mail] he normally replies pretty quick.

[the stinger] 14/12/2013 20:41

nigel - its not the boards doing if nothing comes of this,,,however if they dont have a plan B to counter any shenanigans then yes,, questions should and will be asked as to why they didn't see it coming.

[nigelpm] 14/12/2013 20:17

I don't understand why they have halted the sale process.

If nothing comes of this there will be some big questions asked of the board.

[the stinger] 14/12/2013 19:50

nigelpm - quite true,,,and thats where the BOD need to be astute and have a plan B in situ. They should also be probing the true intentions of both parties at the same time and probably are doing.

If both parties are not involving themselves in regular negotiations with the BOD at this point then the BOD should have the sense to see all's not right.. and if that was the case then they'll probably be taking action to prevent damage to the coy.

All speculation at the moment however the next week or two will be interesting.

Fact is the market is sceptic on a deal at present, and with all the shenanigans going on they are as confused as you are ,,,, they know nothing more than we do at this point,,,,,time will tell if they have presented PI's with a tremendous buying opportunity.

[maxp4] 14/12/2013 19:46

Agree market is saying no deal, and no bid for 12 months like i feared. Also Sinclare have not paid for all there shares yet.

Forward Sale Agreement dated 11 December 2013 between Nagelfar Trade & Invest Limited, a subsidiary of Gazprombank (OJSC) (as seller) and Sinclare Holdings Limited (as purchaser) for the purchase of 43,115,588 USD 0.0000125 ordinary shares at a price of £3.631891 per share payable within 108 calendar days of 11 December 2013 (with completion to occur no later than 5 business days thereafter). Initial payment of £45,388,729.50 payable within one business day of 11 December 2013 with balance of £111,202,387.10 payable within 108 calendar days of 11 December 2013.


The forward sale agreement includes an agreement by Nagelfar Trade & Invest Limited to procure that Gazprombank (OJSC) does not transfer the shares to any person other than the seller or the purchaser before completion, without the prior written consent of the purchaser.

[nigelpm] 14/12/2013 19:29

You definitely need to think about why the share price is £2.30 - a full 40% below the price paid.

The market can be irrational but this is plain silly.

Remember someone ALWAYS knows more than you do.

[the stinger] 14/12/2013 18:43

Simple now - Highest offer will win the BOD's 'recommended offer statement', if they both seriously want EXI's assets then its £4 minimum for me. (the word 'seriously' is underscored)

If they are serious then logic speaks for itself i.e. you would not pay £3.50 + for 25% + of a coy then not have a higher offer ready and waiting for the remainder of the coy. They may even go more, £4.25p ish, depends what their true intentions are. That said,,there is a limit on what EXI is worth which is probably no more than £4.50 and that would be paying real top price - that price assumes P2 could be increased along with bopd production rates improving to 25k bopd min.

Very strange if an offer doesn't materialise now,,, however lets face it we've all seen stranger things happening lately so nothing would surprise me.

Fascinating to watch and bet the BOD are negotiating as I type....they need a plan B tho' just in case there's more than meets the eye here and an offer is not forthcoming.

[alchemy30] 14/12/2013 17:42

I just think (and am hopeful) that the values involved (for them) are not worth the extra effort.

Yes that ruse may work BUT and it's a big but they have to wait 12 months before they can get it off the LSE and carry out their plans. They've already been happy to buy 57% of the company @ 363-378p.

Just doesn't make sense not to see it through now to me. It's wishful thinking on my part as it's proved a stressful strategy for me to believe in and take (so far).

[maxp4] 14/12/2013 17:31

Snipet about Sinclare Holdings Limited new 26.8% holder

Source " Interfax "suggests that Klyachin can act in the interests of the developer Alexey Hawtin

In 2012, Hawtin thinking about expanding their business. In December 2012 they bought 100% of the oil company "Dulisma", and three months later tried to buy the company "Samara-Nafta".

"I see that they are actively interested in the oil and strategically configured to go into this industry. I think they will grow," - said "Vedomosti" business acquaintance. Hawtin also associated with a person at the end of 2012 purchased a small bank "Ugra".

So maybe Hawtin may bid against Alexei Khotin to gain control. Guess we'll just have to wait and see

I will enjoy xmas whatever abcd1234

[abcd1234] 14/12/2013 16:43

you worry too much ;O)

enjoy the weekend, and Christmas festivities :)

[maxp4] 14/12/2013 16:19

Take over rules

The following is a brief summary of some of the most important Rules:

When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
When interests in shares carrying 10% or more of the voting rights of a class have been acquired by an offeror (i.e. a bidder) in the offer period and the previous 12 months, the offer must include a cash alternative for all shareholders of that class at the highest price paid by the offeror in that period. Further, if an offeror acquires for cash any interest in shares during the offer period, a cash alternative must be made available at that price at least.
If the offeror acquires an interest in shares in an offeree company (i.e. a target) at a price higher than the value of the offer, the offer must be increased accordingly.

So if they make an offer in the next 12 months it has to be £3.77 minimum.
However my fear is they pull the deal wait 12 months (causing trouble at AGM's etc) share price falls to the £1.30s they then put a bid in at £1.70s for the remaining shares and finally gain 100% on the cheap.

[steve73] 14/12/2013 03:14

RP - correct! EXI appear to getting a little behind with some of their TR1's.

Hardly surprising with the number of "exchanges" going on, it is rather difficult to keep up!

[roubini paulio] 13/12/2013 22:50

My understanding is, think you'll find that RNS is late and Gazprombank have subsequently sold 43m on 11 Dec, RNS 12 Dec.

[niceyman1] 13/12/2013 16:29

Over 10% 3 days ago at a much higher price, we are going to real action Monday. i.m.o.

[miti 1000] 13/12/2013 16:27

gazprom bank buying more

[pro_s2009] 13/12/2013 14:19

Nice lights !