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Loan agreement of £500k to be completed by 15th

News on the way. still available under 4p

Proactive news summary, featuring Zoltav, AFC Energy, IPSA, Lo-Q, Globo, Fastjet, Green Dragon
By Jamie Ashcroft
June 10 2013, 4:39pm
Proactive news summary, featuring Zoltav, AFC Energy, IPSA, Lo-Q, Globo, Fastjet, Green Dragon


While Jose Mourinho proclaimed himself the ‘happy one’ at his first press conference back at Chelsea FC, owner Roman Abramovich only had to look to London’s AIM market for special ones.

Zoltav Resources (LON:ZOL) and AFC Energy (LON:AFC), both of which are tied to the Russian oligarch, led the way in Monday’s trade.

The former, a junior oil company part owned by Roman’s teenage son Arkadiy Abramovich, gained over 50% as it restarted trading on AIM after documents related to an acquisition in Western Siberia were submitted to regulators.

ARA Capital, Arkadiy Abramovich’s vehicle, will put a further US$20mln into the company to pay for subsequent work programmes.

The deal will be the firm’s first. And a shareholder vote is scheduled for July 4.

In IC this week - looks way over valued with not a lot of drilling happening in the next two years.

WATCH: Alistair Stobie, FD, Zoltav Resources present at 62nd Oilbarrel Conference

WATCH: Alistair Stobie, FD, Zoltav Resources present at 62nd Oilbarrel Conference

http://www.brrmedia.co.uk/event/118309/alistair-stobie-director-of-finance

MEN - Worth a look imo, the next ZOL.

Same cast of characters behind MEN and imo will make it very big.