Belphar Ltd

Unilateral possible, all cash, offer for Pan European Terminals Plc. Acquisition of 29.9% of issued share capital and £8.85 million of convertible loan notes (Value of the enlarged company at possible offer price)

Hambledon Mining Plc

Issue of convertible loan notes to majority shareholder, African Resources Limited

UMC Energy Plc

Capital reduction and re-domicile to Cayman Islands and re-admission to AIM

African Eagle Resources Plc

Disposal of substantially all of the Company’s assets and liabilities to Blackdown Resources (UK) Limited

Lekoil Limited

$50m placing, Admission to AIM and acquisition of an ultimate 30% economic interest in OPL310, Nigeria from Afren PLC