Emerald Shareholders Approve the Scheme of Arrangement

The Court Meeting and EGM were held today and the required number of votes were cast to approve the takeover of Emerald Energy by Sinochem.

http://www.advfn.com/p.php?pid=nmona&article=39731673&epic=EEN

Most shareholders haev done well form this transaction, but a nagging doubt remains that the company and management could have delivered even more if they had been allowed to remain independent for another couple of years.

Since the bid was announced Canacol have indicated that the Oil in Place at Capella could be twice earlier estimates at some 2.2bn barrels in place; the testing results at Mirto have indicated at least one zone will be commercial and it does appear as though the Caballos will be commercial at Gigante-2 as well as the Tetuan.