Eneco Energy    Last:0.009   -

RichLand

What are the GEMs in RAMBA?

Any advice!

Thanks & regards

 

 

Some Queries from SGX to this counter:

Dear Sir,

QUERY REGARDING TRADING ACTIVITY

We have noted, and draw to your attention, a substantial increase in the price of your shares today. To ensure a fair, orderly and transparent market, please answer each of the following:

Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?
- If yes, the information must be announced immediately.

Question 2: Are you aware of any other possible explanation for the trading?

Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703?

Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading. Please contact Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately. Thank you for your cooperation.

We have released this letter via SGXNET.

Yours faithfully


 

 

record high .will this stock go mad...anyhowcheong?????

 

hehe...rabaraba...

 

Risen quite a bit since money. How will this news affect price tomorrow?

 

The Board of Directors of

together with its subsidiaries, the “

on 3 September 2009 entered into a conditional sale and purchase agreement (the

“

Pte. Ltd.

(a) all the issued and paid-up shares in the capital of Ellipse Energy Jatirarangon

Wahana Pte. Ltd. (

owns a 70% participating interest (the “

the Technical Assistance Contract (“TAC”) covering the Jatirarangon gas

producing field located in Cikarang, West Java, Indonesia (the “

Field

(b) all the issued and paid-up shares in the capital of Ellipse Energy Jatirarangon

Wahana Limited (

for a total aggregate purchase consideration of United States Dollars Nine Million

Seven Hundred And Twenty Three Thousand One Hundred And Twenty Five Only

(US$9,723,125); or approximately Singapore Dollars Fourteen Million One Thousand

Three Hundred

Agreement (if applicable) (the “

and conditions of the Conditional Agreement.Ramba Energy Limited (the “Company” or “Ramba” andGroup”) is pleased to announce that Ramba hasConditional Agreement”) with Ellipse Energy Limited (“EEL”) and Ellipse Energy(“EEPL” and collectively referred to as “Ellipse”), to acquire:“EEJW”); a company incorporated in Singapore whichInterest”) in, and is the operator of,Jatirarangon”), and“EEW”), a company incorporated in Bermuda,(1) (S$14,001,300), subject to adjustments pursuant to the ConditionalPurchase Consideration”), and subject to the terms

 

Hi Guys, any news on this counter.  Trading Halt for the last 2 days.

Hope it is good news.

 

How come ses can allow Richland to drop that much...by 62.7% what is damm wrong with this Co ?.

RichLand

--

--

0.320

0.125

-0.210ct

-62.7%

9,655,000

549,000

0.120

0.125

1,808,000

0.350

0.125

 

The parties behind Redmount are also shareholders of TriStar which, through ETRL, has secured concessionary rights to explore, produce and sell oil & gas from certain fields located in the province of Jambi in Indonesia.

'This is in line with the new controlling shareholders' intention to direct the company to enter into a new business to invest, develop and expand interests in oil and gas exploration and production,' Richland said.

With the proposed acquisition of ETRL, RichLand, under the new controlling shareholders, will effectively be transformed into an energy company.

 

 

 

Richland is on its way to becoming an oil & gas company following the completion of the first of a three-stage transaction which was first announced in Feb this year.

The company announced over the weekend that Broyland Capital Pte Ltd and some existing shareholders have completed the sale of a 70% stake in the company to Redmount Holdings Ltd for a consideration of $30.1 million or $0.338 per share. Redmount will now make a mandatory unconditional general cash offer for the remaining 30%. The Redmount consortium is made up of Indonesian interests, and comprises Utaryo Suwanto, Eka Sinto Kasih Tjia and Rudy Lim as well as Precious Treasure Global Inc, which is jointly owned by Edward Seky Soeryadjaya and Soetrisno Bachir.

With the share deal completed, RichLand will now proceed with the proposed purchase of a large stake in an Indonesian oil & gas company. RichLand had earlier signed a letter of intent to buy a controlling 75% stake in Elnusa TriStar Ramba Ltd (ETRL), for US$150 million. ETRL is a unit of TriStar Global Holdings Corp.

 

POSSIBLE ACQUISITION OF SHARES IN ELNUSA TRISTAR RAMBA LIMITED AND POSSIBLE MANDATORY CONDITIONAL GENERAL CASH OFFER  

 

THE PRE-CONDITIONAL OFFER
As set out in the Offer Announcement:
(a) Subject to Completion taking place, the Offer will be made on the following basis:


For each Offer Share: 33.8 Singapore cents in cash


(b) The Offer, if and when made, will be unconditional in all respects.


(c) The Offer will be extended to any Shares owned, controlled or agreed to be acquired by any
party acting in concert with the Offeror in connection with the Offer.


(d) The Offer Shares will be acquired (i) fully paid; (ii) free from any mortgage, debenture, lien,
charge, pledge, title retention, right to acquire, security interest, option, pre-emptive or similar
right, right of first refusal and any other encumbrance or condition whatsoever; and (iii)
together with all rights, benefits and entitlements attached thereto as at the date of this
Announcement and hereafter attaching thereto, including the right to receive and retain all
dividends, rights and other distributions (if any) declared, paid or made by the Company on
or after the date of this Announcement. However, for Shareholders who tender their Offer
Shares in acceptance of the Offer, the Offeror will pay such accepting Shareholders, any
Announced Dividend the Offeror receives in respect of their Offer Shares tendered.


SHAREHOLDERS SHOULD NOTE THAT THE OFFER WILL NOT BE MADE BY THE
OFFEROR UNLESS AND UNTIL THE PRE-CONDITIONS ARE SATISFIED NO LATER
THAN 30 APRIL 2008 OR SUCH OTHER DATE AS MAY BE AGREED BETWEEN THE
OFFEROR AND THE VENDORS. THERE IS THEREFORE NO ASSURANCE THAT THE
OFFER WILL ARISE, AS THE PRE-CONDITIONS MAY NOT BE SATISFIED AND/OR
FULFILLED FOR WHATEVER REASON. SHAREHOLDERS ARE ASKED TO EXERCISE
CAUTION WHEN DEALING IN THE SHARES, AND SHOULD CONSULT THEIR LEGAL,
FINANCIAL, TAX AND OTHER PROFESSIONAL ADVISERS IF THEY HAVE ANY DOUBT
AS TO THE ACTION TO TAKE.

 

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