Lochard Energy Share Discussion Threads

[pro_s2009] 11/7/2013 10:17

Christopher Williams - LOL :)

[nw99] 11/7/2013 10:17

Because no other buyers its the PMG offer or nothing

[nw99] 11/7/2013 10:15

Glad LHD shareholders have changed there mind

[newswseller] 11/7/2013 10:14

RNS even says falklands is not even going to vote either way

[pro_s2009] 11/7/2013 10:11

Looks like they have seen sense.

They looked over the cliff and saw the ChrisOil/Falklands abyss of massive losses by outright stupidity of rejecting this offer and have now pulled back from the brink.

I guess just ChrisOil aka Falklands and his fantasy band of major shareholders going to reject this now. They probably hold 90% of the shares in his little mind.........

I wonder if the bedsit fake "multi millionaire" will be along to apologise fairly soon.......

[giant steps] 11/7/2013 10:07

Unbelievable change of hearts

RNS 11th July 2013

[newswseller] 11/7/2013 10:07

Done deal by the looks of it now

[cwa1] 11/7/2013 10:06

11 July 2013
Lochard Energy Group PLC
("Lochard Energy" or the "Company")
Change in the voting intentions of certain Lochard Energy Shareholders in relation to the recommended offer by The Parkmead Group plc ("Parkmead") for the Company
Further to the announcements by a group of Lochard Energy Shareholders represented by Cornhill Capital Limited (the "Cornhill Consortium") on 30 May 2013, 3 June 2013 and 6 June 2013 indicating that the Cornhill Consortium intended to vote against the offer from Parkmead, certain members of the Cornhill Consortium have formally notified the Lochard Energy Board that they now intend to vote in favour of the offer from Parkmead at the Court Meeting and the General Meeting, scheduled for today at 10.00 a.m. and 10.15 a.m., respectively, to be held at the offices of Eversheds LLP, One Wood Street, London EC2V 7WS. Lochard Energy Shareholders who wish to attend and vote in person or proxy at the Meetings remain entitled to do so.
The members of the Cornhill Consortium that have formally notified the Lochard Energy Board that they now intend to vote for the offer from Parkmead hold 52,968,479 Lochard Energy Shares, or approximately 17.72% of Lochard Energy's existing issued share capital. These shareholders are:
Peter Ross - 7,813,930 Lochard Energy Shares (2.61%)
Gardner Marketing PTY (Haydn Gardner) - 17,528,421 Lochard Energy Shares (5.86%)
Barby RJ & Associated Entities (Roger Barby) - 27,626,128 Lochard Energy Shares (9.24%)
The change in the voting intentions of the Lochard Energy Shareholders referred to above follows the signing of a Sale and Purchase Agreement between a company controlled by Roger Barby, Haydn Gardner and Peter Ross and Aimwell Energy Limited ("Aimwell") to acquire for a nominal value from Aimwell a 5% interest and corresponding carry interest in three offshore licences; P1861, P1863 and P1867 (the "Aimwell Transaction"). Lochard Energy maintains its existing interest in these licences and neither Lochard Energy nor Parkmead have been involved in the Aimwell Transaction in any way save that Aimwell has requested that Lochard Energy waive its contractual right to make an offer in relation to this specific proposed disposal by Aimwell of a 5% interest and corresponding carry interest. The Board of Lochard Energy has granted this request.
In addition, the Lochard Board has been formally notified that the following Lochard Energy Shareholder, who was also formerly a part of the Cornhill Consortium, has decided to abstain from voting on the resolutions to be proposed at the Court Meeting and the General Meeting:
Christopher Williams - 1,000,000 shares (0.3%)
Except as otherwise defined herein, capitalised terms used herein have the same meanings as set out in the scheme document published by the Company dated 17 June 2013.

[utrecht_00] 11/7/2013 08:18

Lochard number 1 on the leaders board.

Not long to wait now. Wonder whether we will get the decision today?

[falklands] 10/7/2013 17:38

well of course its going to be rejected. I can understand the share price might fall short term but if you cannot hold on a couple of months not sure why you invested in the first place.

therebe the other bidders we are holding on for later on with cash pilling up more than cap next 12 months through athena in the meantime its what most long termers wanted.

so bob masters can shoot off petty he dont ring adam or maybe phone trap.

meanwhile the TC PMG loons can sail off and lets get on with the summer.

[bam bam rubble] 10/7/2013 16:28

Added a further tranche today, reasonable arb opportunity assuming the bid goes through

[newswseller] 10/7/2013 10:39

Drop here, increase at PMG, to make the deal more attractive?

[nw99] 10/7/2013 10:18

Big sellers here today

[utrecht_00] 10/7/2013 08:59

CT- think PMG is being walked up to mitigate the couple of pence or so drop on dilution if deal goes through.

[utrecht_00] 10/7/2013 08:49

PMG up to 14p. Deal value looking better every day (of course it will drop if deal completed). Looks like its going to be successful to me.

[utrecht_00] 09/7/2013 15:18

well just a couple of days to go. Then we will will know.

[addict] 09/7/2013 13:43

Ithaca watching with interest...

[falklands] 09/7/2013 09:19

Bam indeed but unlike most it's the terms of the offer a very tiny minority can block this if it's not in the best interests. I can see people's point of view taking the offer but most don't have the full facts of other players wanting TC offer out the way first IMO although the bloomberg article pointed the way.