Tuesday, August 19, 2014

- The shares may be worth six times as much – HegnarOnline

- The shares may be worth six times as much – HegnarOnline

Monday it was announced that Arctic Securities on behalf of a financial investor would try to buy 30 percent of the company for six dollars per share. It gave a premium of 64 percent over the closing price on Friday.

The largest shareholder in the company is Larsen Oil & amp; Gas with 28.33 percent.

It is not completely neutral Berge Gerdt Larsen says to DN that the stock can be a very good buy six million.

– The value can be five to six times more on wells that will be drilled paying off. Six million is the value of the company today, says Larsen.

Rock Source owns 15 percent of Arrow found. Reserves Iher estimated at 90-195 million barrels of oil equivalent.

Larsen told the newspaper that he has no idea who the financial investor is.

Large shareholder says Finance newspaper that he thinks it is brilliant that someone will buy into.

– I just hope there is someone who is hostile, but someone who treats all shareholders equally, says Gerdt Larsen

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