Re: All one now I wonder who the new shareholders will be?
Re: All one now Same thing happened with Desire. May be something to do with Tax arrangements - just a guess.
Re: All one now Not quite the demise of FOGL as a name.. Merger document states: '' 18.3 It is proposed that, on or following the Effective Date, FOGL will be re-registered as a private limited company.''
All one now Thats it then, no more FOGL. The last shares have been traded.Bye Bye Des, Bye Bye FOGL,... hello RKH!!!All one big happy family now!!See you on the RKH bb.
Court Sanction Court Sanction of Scheme of Arrangement On 24 November 2015, the boards of Rockhopper and Falkland Oil and Gas Limited ("FOGL" announced that they had reached agreement on the terms of a recommended all-share merger (the "Merger" to be effected by means of a Court-sanctioned scheme of arrangement under Part IV of the Companies Act 1948, being the legislation applicable in the Falkland Islands where FOGL is incorporated (the "Scheme". The Scheme Document, containing the terms and conditions of the Scheme, was posted to FOGL Shareholders on 11 December 2015, and on 5 January 2016 all necessary resolutions proposed at the Court Meeting and General Meeting were passed to approve the Scheme and associated matters. Unless otherwise stated, defined terms used in this announcement shall have the same meaning as those used in the Scheme Document.FOGL is pleased to confirm that the conditions set out in Part 3 of the Scheme Document have either been satisfied or waived. FOGL is also pleased to announce that the Court has today sanctioned the Scheme. It is expected that the Scheme will become Effective on 18 January 2016, and that dealings in FOGL Shares on AIM will be suspended by 8.00a.m. (London time) on 18 January 2016 and that, following the Scheme becoming Effective, cancellation of the admission of FOGL Shares to trading on AIM will take effect by 8.00a.m. on 19 January 2016. The last day of dealings in FOGL Shares was therefore today, 15 January 2016. It is expected that the Rockhopper Consideration Shares will be admitted to trading on AIM at 8.00a.m. (London time) on 19 January 2016.
NBL Down nearly 8%
Re: dejaview.. No, not yet Rob - still over Izzy2 at this time!D.
Re: Have Russia started the ball rolling! It will be interesting to see if this is the start of something more substantial happening. I think SA have been clear that they will not reduce output unless others do, and perhaps this could bring everybody back to the table to try and get everybody to pull back a little.Obviously too early to tell, so will be a case of waiting it out and seeing.
Have Russia started the ball rolling! Just read in the Telegraph that Russia are cutting oil exports by 6.4% some 460,000 bpd enough to eliminate a third of world excess.Although some of this cut is put down to lack of investment with some fields running out or/and being shut down, it is also put down to them doing a possible deal with Saudi Arabia who stated last week that they would not cut production on their own.Both countries and of course many other major oil producers are suffering from the low oil price and would obviously benefit from higher prices.Oil futures do not appear to have been effected as yet, but the saying 'watch this space' springs to mind!
dejaview.. hey mate, any rig movements yet bud
Re: ftse diving Do you write Sun headlines when you're not writing this stuff?
ftse diving currently down 2%
Re: Merger... develop or sell Maybe $100 mill before campaign but from what I understand there was only $40 million in June 2015 whilst humpback had just been spudded. Plus we had a 27.5% cost to pay of that drill which went horrendously wrong and over budget. See previous rns's
Re: Rock Deal Rikman63."In order to become Effective, the Court will need to sanction the Scheme. The Court Hearing to sanction the Scheme will be held on 15 January 2016. The Scheme is expected to become Effective on 18 January 2016."So you will become a RKH shareholder on the 19th (as it's just a formality - and will certainly be sanctioned)!D.
Rock Deal When is the supposed date that we'll know re the merger and have our RockHopper conversion shares ? Anyone know ? Some positive news out there for a change !