UEN

Still heavily with this one Dia.
EGM 3 weeks from Monday. Looks like further acquistions could be shortly forthcoming. Target depth on their first off-shore well was expected to be hit at least one week ago, so i would expect firm news prior to the egm on that.
As BNP Paribas have got non-tradable warrants for up to 2m shares at £3.0337 (20% premium to the average s/p for the last month), it was interesting in the face of a further acquistion and circa 50% increased production of 2900 bopd plus a further 1000 bopd at the Petrosakh operations to almost 9000 bopd the share price was sold off from £3 10 weeks ago to the present £2.60. I think this was done to facilitate the pricing of the warrants at £3.03 otherwise BNP would possibly have had to pay £3.60 plus for them.
Looks good and i expect major growth from this company.