Carcetti Capital Corp V.CART.H

RE:RE:More on Burisma Holdings

[Johnnyboy851]

I Never saw an offer to buy out cub energy. Where did you get this information? There was never any public release.  Serinus attempted to bypass Cub by not offering first right of refusal for the sale of Serinus assets in Kub gas and Cub ended up getting 5% for free with an option to acquire 5% more as a result of the deal.

TheRock07 wrote: It refused in February and won't be bought out anywhere near that cheap.
Cub is receiving about $17 million per year from Burisma arising from its 35% WI.

Why would it sell out at just $23 million .
Further, for very little other consideration, Cub has the right to acquire another 5% which will raise its WI to 40%.

And to top it all off, Cub has 2p reserves of 3.1 Mboe worth $63.5 million or 20 cents per share.

So, Cub will be receiving about $20 million per year in dividends ( assuming it invokes its 5% buy )  from Burisma for its Eastern Ukraine WI.

So there is no way they would accept an offer less than 15 cents..