So called manipulation, slow going, page-7

Jordy ..... I agree with DB that the SP isn't being capped to accumulate but rather with the intention of keeping it low for an entity to either take a cornerstone shareholding or to effect a complete TO and they are waiting for one of two things, either the results of the appraisal or more likely the DOC then they will pounce and the action will begin, if as is posted on here that both COP and FAR are over the line re DOC and Petrosen agrees then CNE will have to give way to the majority view within the JV.

There ie no doubt in my mind that both COP and FAR are of the same mind and want DOC sooner rather than later (just refer to all the reports from CN and Nic saying that COP are wanting DOC as soon as possible so they can move Senegal out of exploration and into development, FAR has obvious reasons for DOC, what will this do to the capper is anyone's guess but mine is they will realise that if they don't make a move the SP will rise sharply and if they wait to long the SP will rise out of their price range, mind you wouldn't be surprised if their price won't even be considered by CN and co.

HKP