CIC Energy vulnerable to a takeover bid

Thursday, June 26, 2008

Global bankers have warned CIC Energy that it could be subject to some sort of corporate takeover by another large player in the region due to its rich Mmamabula resource.

The size of the Mmamabula resource is 2.3 billion tonnes.
CIC Energy CEO Warren Newfield admitted to Miningmx online that they feel the company is vulnerable at this point particularly with the value and progress of the project.

"There are very few projects in the world that are multi-billion tonnes in a jurisidiction like Botswana (Mmamabula) that are fully permitted and ready to go into production."

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CIC Energy vulnerable to a takeover bid

Global bankers have warned CIC Energy that it could be subject to some sort of corporate takeover by another large player in the region due to its rich Mmamabula resource.