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THE OWNER OF a small bed and breakfast establishment in the sleepy town of Malvern Hills, Worcestershire in England, may be forced to buy out the New World Oil and Gas company because her son “accidentally” purchased half of the company shares.
Judith Williams, the owner of Wyche Keep Country House, is the subject of a Takeover Panel discussion because her son, Christopher, bought 342 million shares in the oil company, which explores and produces energy in Belize and western Denmark, believing that he was snapping up a 10% stake in the group for £1.5 million (€2.1 million).
Unfortunately, his share purchase, on behalf of his mother through a broker, ended up being at 48.7%.
Now, because she is a significant stakeholder, Britain’s Takeover Panel said that she may have to make a mandatory bid for the rest of the company under current law. However, the final decision has not yet been made.
New World Oil and Gas is a Jersey based exploration and development company and has projects in Belize and Denmark.
“There has been confusion regarding the share register which will become clearer once the funding exercises are concluded and actual percentage holdings of individuals are ascertained,” said New World Oil and Gas in a statement.
This will determine whether or not the company will be bid for. In the meantime management and its advisers are focused on securing capital to deliver value for its investors.”
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Wish I found something like that in my attic
A great museum well worth a visit.
Excellent, got to be one of his best that I have seen, that’s my opinion and taste.
Norway eh, not so long ago they were poor, now they have too much money to know what to do with and Van Goughs stuffed in the attic.
Paintings that is, Not the family.
good stuff
It’s beautiful
True, Declan. I’m not a huge fan of some of his most famous work but this one appeals to me greatly.
Are they sure it’s not fake? It’s not very good is it?
It’s an absolutely amazing painting, will see it later this year
Good for u . Hopefully we will all have time to devote to such activities – as they are as necessary as food itself .
” What is this life if full of care
we have not time to stand and stare ”
The original owner bought it ten years after it was supposedly painted. He says it was a forgery. I would tend to believe him. Why did he think that. He was a collector so he would have known what he had bought.
Looks like a kid painted that
moron
Hmm! I wonder why this wasn’t authenticated years ago. There are 50million+ reasons why this painting has been ” authenticated”. Seems a bit fishy to me.
The brush strokes look almost too van Gogh, and the palette is not quite right. But then, no one asked me. And I would authenticate mouse droppings for art if I got a share ins 50milllion windfall.
Thing is art is false economy but a very gpod false economy. Its almost celebrity orientated this goes from 50 euro up to 50 million cos of his name. Could not sell a painting when alive. I see amaxing talent in local artists. Had their paintings had a famous name attached then it goes up to stupid money.
Sure id take 50m for it but looking at it honestly id offer 100 eurp for it max to have it over fireplace
And may i ask how you came to this conclusion without seeing the work?
You may. I have an iMac large screen computer with a zoom. Had a good look and made a general observation. Not a conclusion as I would have to be an ” expert” for that with a 50million motive, not just a run of the mill BFA.
Point taken
Oh, you zoomed in with your iMac? Please tell me more about how you spent over a thousand on a computer that is really worth half that, while you discuss the price you feel this painting should be.
€1300 actually.
have your say