Hi everyone. I started this thread as FDC - but the copmpany recently changed its name to First Africa Oil (FAO). For completeness (nay, posterity) I've copied the original thread here - only three posts, two by me. So, as you can see I haven't given up trying to let you know about this very interesting prospect in W. Africa on and off shore.

Recently there has been a good deal of very heavy buying and selling since the reverse takeover on 7th Feb by Canadian Minerals comapny Energem's oil interests of FAO, in particular the following RNS on 15th Feb:-

The Company was notified on 14 February 2005 by RAB Capital ("RAB") that, following an
acquisition of 144,930,638 ordinary shares of 0.1p each ("Ordinary Shares") on 8
February 2005, RAB currently holds a total of 144,930,638 Ordinary Shares
representing 9.76 per cent. of the Company's issued Ordinary Share capital.

Now RAB has significant positions in FOGL and FGML and I believe many other similar oils/minerals co's and is no fool when it comes to taking large chunks of highly speculative early ventures.

I've cut out a lot of this as now out of date, leaving just the first post and now, by special request from SWW, here is a weblink and a chart.

Good luck.

Stock Dog

http://www.firstafricaoil.com/index.asp



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which, given what appears to be the spread, means there is no profit to be made ..... no real surprise

will you have to sign any paperwork to accept the new shares in Bowleven or will you get them automatically if the Board approves the takeover/merger.
i will have a problem if i have to sign anything as the mail in iraq is very slow and would hate to miss out. these shares have bombed but if there is a way i could get a little money[aka new shares] back then it has to be worth a shot. my shares are held electronically by Hoods.
your thoughts anyone
Alex

AIM
07 December 2006



NOTICE

(857)

07/12/2006 7:00am


RESTORATION OF TRADING ON AIM



FIRSTAFRICA OIL PLC



The trading on AIM for the under-mentioned securities was temporarily suspended.
The suspension is lifted from 07/12/2006 7:00am, an announcement having been
made.




Ordinary Shares of 0.1p each (B020KB8)(GB00B020KB82)
fully paid






If you have any queries relating to the above, please contact the company's
nominated adviser on 020 7409 3494.





AIM Regulation

LONDON (AFX) - FirstAfrica Oil PLC said it has agreed to a 25 mln usd loan from BowLeven PLC to settle claims of existing creditors and to get FirstAfrica through the offer period it is currently in with BowLeven.

BowLeven last month agreed an all-share 30.1 mln stg offer for FirstAfrica. The debt facility agreed today is secured on the shares of the two wholly-owned

subsidiaries of FirstAfrica which own the East Orovinyare Block and the Epaemeno Block and by floating charges.

The companies said the facility is available until the earlier of the offer being withdrawn or lapsing and the offer becoming wholly unconditional.

In a separate statement, FirstAfrica said trading in its shares on AIM has been restored from today.

'the offer being withdrawn or lapsing and the offer becoming wholly unconditional.'

So it does not look like a done deal, if Bowleven walk away they will have an interest in the EO & E Blocks, obviously depending on how much over the 25 usd FAO have mortgaged themselves for, I think I would prefer it if FAO remained independent, but WDIK.
2517

Game over?

Of course it is.

Was a long time back.

EVO as I undersatand it is marginal anyway.

BLVN are not getting much for their money imo.