Victoria Oil & Gas Share Discussion Threads

[highasakite] 03/5/2018 20:02

So the trail goes all the way back to Mynbayev who is head of KazMunayGaz, the Kazakhstan state oil and gas company.

[highasakite] 03/5/2018 20:00

An online search of Meridian Capital leads to multiple sites that use the same generic name, but none of them are related to the Bermuda company. Considering it is worth billions, the company is nearly absent from the web. It keeps its name out of the press and rarely talks to reporters, even when it is involved in massive projects.

But why would some of Kazakhstan’s wealthiest and best-connected people go to such lengths to hide their success?

For Mynbayev, the most basic reason may have been a straightforward conflict of interest. By the time Meridian was founded, he had already occupied several of the country’s most senior positions, including Finance Minister, Agriculture Minister, and Deputy Head of the Presidential Administration.

And after Meridian was founded in 2002, his career only continued to rise. By the late 2000s, he had become the country’s key oil official, holding the positions of Minister of Energy and Oil Minister, and then becoming head of KazMunayGaz, the state oil and gas company, where he remains today. In these positions, running a business empire fueled by oil would have been unacceptable and possibly illegal. In response to reporters’ questions about whether Mynbayev has ever disclosed his ownership of Meridian, the company replied that he has never been a shareholder or founder.

But even aside from the legal requirements, Mynbayev – known to be the “presidentR17;s man” – had a reputation to uphold.

“Unlike other representatives of the elite, he is … in a shadow, in terms of the absence of any negative reputation,” explains Dosym Satpaev, a Kazakhstani political analyst.

This was a particularly useful asset for a man charged with representing Kazakhstan’s government in major oil deals with foreign corporations.

“Leaders in this sector must be able to work with the international investment community, to find a common language with foreign companies and businesses,” Satpaev says. “Mynbayev is someone who president tries to put into positions where [he needs] to have a presentable, good look.”

Nor would running Meridian openly be a good idea for Mynbayev’s banker partners.

[highasakite] 03/5/2018 19:55

Big Kazak player buys 5% of VOG.

Something is up.

[highasakite] 03/5/2018 19:48

Trail goes back to:

[highasakite] 03/5/2018 19:41

"Interesting.....Kazakhstan link.






MERIDIAN CAPITAL INTERNATIONAL FUND (WHOLLY OWNS YF FINANCE LIMITED)



MERIDIAN CAPITAL LIMITED (WHOLLY OWNS MERIDIAN CAPITAL INTERNATIONAL FUND)



ASKAR ALSHINBAYEV, NURZHAN SUBKHANBERDIN AND YF TRUSTEE (BERMUDA) LIMITED (CONTROLS MERIDIAN CAPITAL LIMITED)

YEVGENIY FELD (BENEFICIARY OF YF TRUSTEE (BERMUDA) LIMITED)

[fatnacker] 03/5/2018 19:29

interesting

[barony] 03/5/2018 16:42

Has Mr. Foo just bought a load more shares?

[highasakite] 03/5/2018 16:13

YF Finance Ltd also have a sizeable holding in Lekoil Ltd

[highasakite] 03/5/2018 14:48

YF Finance Ltd have bought 5 million shares to hold just over 3% of the equity now.

[highasakite] 03/5/2018 12:34

238k buy at 33.4p

[highasakite] 03/5/2018 11:31

Jo£l Nana Kontchou to the personnel £A new company is beginning to see the light of day£.

02/05/2018



They are still showing, I think Bassa power plant:

[highasakite] 30/4/2018 15:26

784,000 BUY at 32.75p

[philippem] 30/4/2018 09:41

Yes, ENEO was producing and distributing energy with a monopoly on distribution. They were able to choose the producer (themselves). Now any producers will be able to sell to the separate distributor. Big can even produce the electricity and sell it to the grid but payment may be an issue.

[highasakite] 29/4/2018 18:12

Any relevance to VOG / GDC ?

[highasakite] 29/4/2018 13:53

4.55 "review the cost structure" of ENEO deal suggests a lower price than $7.5

[fatnacker] 27/4/2018 20:24

They won't get a rights issue off the ground unless they get the power contract back and/or further power contracts or direct to the end user power contracts

[el-tel] 27/4/2018 16:46

I know , but if they have a rights issue to raise more cash it will fall even further. :-)

[highasakite] 27/4/2018 16:33

el0tel

You have sold right at the very bottom fella.

[el-tel] 27/4/2018 16:21

I have been a long time holder of this share but have sold most of my holding today at a 40% loss. Concerned about the lack of news and the resignation of a director. Knowing my luck it will probably make a positive announcement in the next week.Have invested the proceeds into RPT another risky oiler but at least it is making money.

[fatnacker] 27/4/2018 09:47

It was a bit obvious H but I gave him a fair chance