Salamander Energy Forum

Just had my notification of the offer which if nothing else, at least puts a timescale on things. 0.5719 Ophir shares for every Salamander share. Deadline is 3rd February, new shares will be active from 2nd March.,

Hugely underwhelming figures from Ophir which must leave shareholders hoping that SONA is spending all weekend planning a counter bid. SMDR seems happy to accept the Ophir offer, but it's not the deal any of us were looking for. Interesting that Ophir's SP is taking a hammering today as well. I'm at the stage where I'd like out now and at least this gives me the chance to get out with a decent profit, albeit, it could be so much better.

Fell back to 92.00p at close - up 3.75p. God alone knows with this one.

Up another 3.00p in the last couple of minutes. Hold onto your hats.

Now up 2.00p today at 90.00p. Something's afoot. Yet another interesting Friday in the life of SMDR!!

Ophir are still snapping up shares. Difficult to see why they would do that unless they were coming back in some form or another - might just be a lot more agressive than was previously planned. I'm holding.

Well what an anti-climax that was. Congratulations to anyone that had the foresight to sell last Friday.

I don't trust the BOD after this so I'm out with a modest loss. Unless OPHR cough up sharpish I see this heading back to recent lows and further given the significant drop in the oil price over the period. GLA

Disgusting.

Ophir set to pull out according to the pundits.