maybe...just maybe...only enough of the company was sold to cover the obligated debts...we all know that the `crown jewels` were worth a lot more than £14.1m
..just a hint of the possibility..from the 2004 accounts.
`....these agreements defer loan repayments totalling £13.55m to allow asset sale to be concluded, which may include some or all of the asset sale of the oil service business`
I realise that the term `some or all` is ambiguous but has a parallel to the February `Announcement of Possible Offer` statement where by the term `..may or may not`......lead to be issued shares` . The inclusion of the latter statement actually lead to the issueing of extra shares....thereby implying that a possibilty exists whereby only `some` of the oil service side may have been sold.
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with ref to the `Scotman` article...
`The company's exploration plans will then centre on a gas field in Donegal Basin, and four other blocks in the Irish Sea, as well as interests in Bulgaria and Montenegro, said Bertram.`
The next piece of news I expect to hear is the re-appliction on the `four other blocks` where options end in nine days time. I should imagein this would warrant an rns.
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