ENP Newswire -
Release date- 01072014 -
The settlement date for the Bonds was
We are also working to reduce the upfront cash requirements of the project to minimise the funding requirements for FDP, and we shall continue to evaluate the financing options available for the first phase development, including discussions with potential partners.'
Total Voting Rights
Following admission of the Shares ('Admission'), the Company's enlarged issued share capital will comprise 308,730,421 Shares with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company following Admission will therefore be 308,730,421. At Admission there will be a total of 17,250,000 outstanding warrants and 25,652,000 outstanding options to subscribe for shares.
This figure of 308,730,421 Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the
Tel: +44 (0) 1483 549 063
Certain statements contained in this announcement constitute forward-looking information within the meaning of securities laws, including, but not limited to, information relating to the settlement of the Bonds and Shares, and admission to AIM of the Shares.
Forward-looking information may relate to the Company's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'intend', 'estimate', 'predict', 'target', 'potential', 'continue' or other similar expressions concerning matters that are not historical facts.
These statements are based on certain factors and assumptions including expected growth, results of operations, performance and business prospects and opportunities. While the Company considers these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what we currently expect.
These factors include risks associated with the oil and gas industry (including operational risks in exploration and development and uncertainties of estimates oil and gas potential properties), the risk of commodity price and foreign exchange rate fluctuations and the ability of
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