Interesting that not a huge amount of people are talking about it. But why would Zeta Resources want to buy into a shell? Look at their top-5 holdings:
Top 5 Holdings as at 31 December 2016
Click on a company name to visit their website.
Column 1 Column 2 Column 3 Column 4 Column 5 0 # COMPANY NAME SECTOR % GROSS ASSETS 1 1 New Zealand Oil & Gas Limited (New Zealand) Oil & gas exploration and production 24.8% 2 2 Resolute Mining Limited (Australia, Mali) Gold exploration and mining 24.4% 3 3 Panoramic Resources Limited (Australia) Nickel exploration and mining 21.9% 4 4 Pan Pacific Petroleum NL (New Zealand, Vietnam) Oil & gas exploration and production 11.3% 5 5 Seacrest LP – unlisted (Global) Oil & gas offshore seismic exploration 9.0%
Something is happening here behind the scenes we don't know about.
