Horse Hill – why are its shares so hard to value?

Horse Hill was incorporated on 10 December 2013.  Angus Energy was the founding shareholder of Horse Hill and after formation and being issued 300 shares exchange for the issue of licenses in the underlying oil fields ended up with 400 shares out of total of 1,000 shares. David Lenigas was appointed a director on 8 December 2014 and resigned as a director on 13 July 2015 and was a key promoter for some of the listed entities that now a large proportion of Horse Hill entity.

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