Who's the target company?Good morning all. It appears that we have some time to kill, so lets try to figure out who the team at Giyani is trying to buy or merge with.
What we know:
1."EnergyCo") with multiple projects in attractive jurisdictions including an operating asset in South Africa.
2.The portfolio of assets held by EnergyCo includes cash-flow generating operations, and projects with significant development potential that will be best advanced by combining the management and technical teams of Giyani Gold and EnergyCo."
3.Giyani Gold has engaged Bertan Atalay, an energy professional with over 25 years of experience in mid-stream oil & gas asset development and financing, as an independent consultant. Mr. Atalay has significant knowledge and experience with respect to the EnergyCo assets and his primary area of focus with Giyani Gold will be working on the proposed transaction between Giyani Gold and EnergyCo.
Read more at https://www.stockhouse.com/news/press-releases/2014/06/16/giyani-gold-enters-into-exclusive-negotiations-with-a-private-energy-company#1bX27MMLqKbwBqd3.99
So, an energy company with a cash flow producing asset in South Africa that Bertan Atalay has "significant knowledge and experience".
Dose anyone on the board have good knowledge of the South African Energy Sector? From my limited research thus far, it would be more likely to be a coal mine or syngas facility opposed to oil or natural gas.
I will continue to dig, but all help is appreciated.