| CATEGORY: AIM BULLETIN SECTOR: OIL & GAS PRODUCERS |
Share plunge stuns Roxi |
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Tue 05 Feb 2008
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LONDON (SHARECAST) - Oil and gas explorer Roxi Petroleum was left bemused by a slump in it share price Tuesday less than a week after the shares resumed trading on AIM following a large acquisition.
“The board note the recent movement in the company's share price and confirm that there are no matters that need to be notified to the market at this time as set out under AIM Rule 11,” it said in a brief statement.
Last Thursday, the firm conditionally acquired a 59% controlling interest in Eragon, the holding company for three exploration and production assets in western Kazakhstan.
A sharp fall in the firm’s share price prompted the company to suspend its shares last August ahead of news of the purchase.
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