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Doing the Horse Hill maths for Uk Oil & Gas & David Lenigas

By Steve Brown | Friday 5 June 2015


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


All the Horse Hill shares were suspended yesterday morning pending an announcement in relation to Horse Hill.  It caused lots of speculation and some think there is a big reserve update coming, I don't agree (I was completely wrong - see update below) but it set me wondering what could be going on. It can't be a placing, as so many companies are suspended, and a co-ordinated placing would be tricky; maybe the plan is to list Horse Hill developments, it could be that. Or maybe their partner has done something that they need to tell the markets about. 


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