http://www.newswire.ca/en/releases/archive/October2006/06/c5976.html
"Heritage Oil Corporation (TSX: HOC) today announced that Michael Hibberd, director, has assumed the position of Chairman and Tony Buckingham, director, has assumed the position of Chief Executive Officer. Micael Gulbenkian, who previously held these positions, is no longer employed by the Company........We shall look to update the market on the drilling of the Kingfisher-1 well in Uganda shortly."
Comments.
Judging by this article, Heritage is having a bit of upheaval as well, but it looks like an announcement re Kingfisher is going to be fairly close to schedule.
I hope that this means that Nziizi is going to be drilled as scheduled as well.
IMHO, good news from Kingfisher will definitely flush out other bidders at higher prices. By then they would definitely have enough time to study the situation too. If it does not happen then I feel it's unlikely to further down the track.
If a billion barrel field does come in, we probably don't need to wait for another bid anyhow. Everyone will be after the 40% TLW shares or a NO vote at 2.02.
That'll also make Nziizi a very probable prospect, which means TLW will want HDR even more therefore increasing the prospect of a revised SOA price.
I think Kingfisher is the key. Three more weeks then will see the game being played out. Fingers and toes crossed again!
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