announcments are due soon, stock price moving should hit 1.80 easily, very interesting story with new field linked in with an indian oil company joint venture and I understand good results from one area, looks great

i shorted BFC very succesfully at 28/30 ... took my profit and would have shorted again at 20 but no one would lend stock.

EEL - Ok; if you want to change the rules a bit, then will happily wager 1000 on 1.30 not being hit on relisting day ..... who will be stakeholder or do I have to trawl back through CHP to check who acted for then in that capacity?

Cynic - Will be back on reopen to take that 1000 from you. Easy money.............

Would not like to be short when this re-lists.......

Equator Exploration Equator in reverse takeover of CAMAC Energy for 172.7 mln stg


LONDON (Thomson Financial) - Equator Exploration Ltd said it has
conditionally agreed to a reverse takeover of CAMAC Energy Holdings Ltd, a unit
of CAMAC International Ltd, for about 172.7 mln stg.
With this, the oil and gas exploration company will acquire CAMAC
International's exploration and production interests in the territorial waters
of Nigeria, it said.
Equator said it will issue consideration shares to CAMAC Energy EP Ltd,
which will own 70 pct of the enlarged group with Equator shareholders holding
the remaining 30 pct. CAMAC Energy EP is CAMAC International's wholly owned
subsidiary.
Equator also said it has entered into two working capital facility
agreements, one with the South African Oil Co, a unit of CAMAC International,
and the other with a shareholder lender.
Under the agreement, South African Oil Co and the shareholder lender will
each provide Equator with a 5 mln stg facility, with a maturity date of Feb 15,
2009, it added.
TFN.newsdesk@thomson.com

Rodders

I don't think it will 1.30 anymore though on relist day.

Maybe 80/90 pence.

whoops! do i hear 1000 winging my way suddenly? .... even 80/90 may prove a goal too far (or something)

Is someone holding the stake money ?

nah! ..... this one wasn't actually officially logged and tman kept changing the rules anyway .... but just a few days ago he was saying how he was looking forward to spending the 1000 i was for sure going to lose

When is EEL going to come back? Wish all shareholders luck.

Great news today.......

LONDON (Thomson Financial) - Equator Exploration Ltd said it will farm out 20 pct of its participating interest in the Production Sharing Contract in Oil Prospecting Licence 323 in offshore Nigeria to BG Exploration and Production Ltd for about 75 mln usd.

It said the completion of the farm out is subject to consents including approval of the Nigerian National Petroleum Corp.

The company had a 30 pct participating interest in OPL 323.

Equator also said it has agreed with its Nigerian partners to buy back 3 pct of the net profits interest granted in March 2006 on completion of this farm out agreement.

Following the transaction, Equator will have a net economic interest, after recovery of costs, of 9 pct in OPL 323. TFN.newsdesk@thomson.com pmi/slm

Rodders

it will be interesting to see at what price sp is restored to listing

A conversation reported from another board, with Rand is that they will
relist the same day as the Admissions document which will be by the 31st Aug?
Yes it will be interesting at what price the SP, have no idea myself.Hoping for 50p+
which in the current market would be more than acceptable.
Not done much research on this company,i had kept an eye on it and once it started to move just bought in on the flow at 35p.
cyril

It is a bad time to come on to the market with so much volatility

Equator Exploration agrees 5 mln usd loan facility with shareholder lenders - AFX


LONDON (Thomson Financial) - Equator Exploration Ltd said it has agreed an unsecured short-term working capital loan facility for 5 mln usd with its shareholder lenders, repayable by Dec 15.

The company said that in return it has agreed to issue 8.375 mln warrants pro rata to the lenders at an exercise price of 30 pence per share.

This may be re-set downwards depending upon market prices during the first 15 days following lifting of the current suspension of trading of its shares, the company said.

The warrants are exercisable over two years and the loan carries an annual interest rate of 6 pct, the company added.

TFN.newsdesk@thomson.com

kal/jfr

Relisted today, news is a not too good, could take a bit of a bashing?
cyril

Down 16p to 25p now. EEL will drop further...SELL


Equator Exploration H1 loss widens sharply; says is a going concern - AFX

LONDON (Thomson Financial) - Equator Exploration Ltd reported a significantly wider loss in what it termed an 'extremely challenging' first half, and said it plans to optimise the value of its exploration assets through a process of farm outs and sales.

The company added it is a going concern with sufficient alternative sources of funding and that a revision of the organisation will be fully implemented by early 2008.

Equator Exploration made a loss of 84.8 mln usd against a restated loss of 3.6 mln usd in the year-ago period, chiefly due to a provision of 70 mln usd against the value of exploration and evaluation assets and a charge of 8.1 mln usd as a revaluation of the warrants issued in 2006.

The company's shares were restored to trading on the AIM following the announcement of the results.

TFN.newsdesk@thomson.com

faj/slm

Who was it who wanted to bet Cynic that it would relist at 100 +

The French Connection and Cynic called this right, cynic said 42 at relist.

my offer of a modest 100 bet still stands, or even up to 500 or 1000 if you wish .... do you have the cojones (am currently in sunny spain!)? .... if so, a stake holder can be found on this site ..... if not, then clearly you are all mouth and trousers
tman100 - 11 May 2007 09:51 - 154 of 188
OK Cynic - I'll take your offer. 1000 that the relist is above 70 pence.

hi aldwickk ..... well i'm off to dubai in the morning, albeit for a few days busy biz, but quite pleasant nevertheless ...... anyway, you seem to have missed something, as sp was relisted at about 24/25 this morning!

Cynic,

Yes, and then they went up to 42, i sold mine long ago some at 340 last at 77.

Watch out for the traffic jams in Dubai [ JCB's, Dumber trucks ect: ] LOL

Got myself some at 16p levels, lets see where the ride goes now :)