Jub Capital wants to scupper the sale of the Congo oil and gas interests of AIM-quoted Anglo African Oil and Gas (LON: AAOG) to Zenith Energy (LON: ZEN).
Jub does not want Anglo African to sell its interest in the Tilapia oilfield in the Republic of Congo to Zenith and agree a £500,000 facility from RiverFort. Instead it offers to provide additional funding for the company.
Jub was a major shareholder in Anglo African when it floated but it no longer has a declarable interest. Align Research, which has written research on the company is also behind the proposals.
Zenith deal
Zenith...
