CanAsia Energy Corp V.CEC

Rideing Coattails ?

[nozzpack]

Still trying to disentangle the logic of selling its final assets for cash, turning that cash over to shareholders , and then seeking new opportunities in the oil and gas sector less hardly any significant cash.

Unless POE has already secured/ won bids in highly prospective concessions and will then merge with a cash rich Junior such as Valeura to jointly explore and develop those concessions.

This makes logical sense to me for POE but not necessarily for Valeura unless there is also an arrangement for the Thrace Deeps.
Whatever it is, Valeura 's move is now known to require the approval of shareholders ...

[bullhorn3]

POE may offer shareholders the option of no dividend, but additional shares in the new exploreco, thus retaining funds, rather than merge with another party. If the distribution is as sizeable as we expect, management will have credibility, even if exploration and development take several years to produce tangible results. Valeura may be seeking shareholder approval for a new management team, or

[radcat]

VLE WILL NOT BE BUYING POE! EOM.

[nozzpack]

VLE has delayed its AGM to June 23/22.. " Pan Orient hopes to be in a position to announce a potential transaction late in the first half of 2022."  

[nozzpack]

Strong Congruence in area sought and timing, along with recent delay in VLE AGM to approve change of business/material development. Might include TNZ but that would be a guess. I see POE acquiring VLE for its cash, with perhaps VLE spinning out its Deep Thrace..or at least that is my preferred, if not dream outcomes GLTA

[radcat]

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