GREY:SMBZF - Post by User
Comment by
SouthSeason Oct 14, 2013 6:10pm
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Post# 21815207
RE:Taipan halt.
RE:Taipan halt.
From Taipan Resources' website, the reason for Friday's trading halt: Through its wholly owned subsidiary Lion Petroleum Corp., Taipan signed a farm-out with Premier Oil plc of the UK on 3rd October 2013. Under the terms of the transaction, Taipan will retain a 45% interest in block 2B and will continue to be the Operator. Premier’s investment in the block is presently capped at $30.5 million. So, good news for our Kenyan neighbour. And perhaps a helpful push for Simba's share price while we await our own news.