The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Fun and games today
Well something has lit a fuse!
Well the market just took sells of about 4m shares across 3 trades and didn't blink. Must be strong demand out there
Share price action suggests AB has made progress on the arbitration settlement in DRC.
Like VAST it will show as a pickup in volume and price prior to an announcement and interview
https://twitter.com/VipassanaTrades/status/1621456020277977089?t=UvMMqZMFurwt3xTQybnmog&s=19
May be a new investor from the Congo!
Looks like someone thinks that they know something. Let's hope that they are correct.
Volume on elephant oil listing !!!
So, the listing date is 9th Feb then?
https://www.webull.com/quote/nasdaq-elep
2022-03-28
Public Filing
View Prospectus
2023-01-26
Offering
Price Range: 4.150~5.15
Shares to be Issued: 1827.96K
2023-02-08
Offering End Date
Offering Price: Pending
Post IPO Outstanding: 14.06M
2023-02-09
Liste
https://twitter.com/Ole_S_Hansen/status/1621085947134902276?t=2RULuxYffls-N6lyhzdRwA&s=19
Currently $1,961
https://twitter.com/TereaAfrica007/status/1621045302382796800?t=p5kx0zgote22UlXrRcUPrQ&s=19
Elephant Oil now shows on the NASDAQ website.
https://www.nasdaq.com/market-activity/ipos/overview?dealId=1164147-102522
Excellent. We should get an announcement very soon
|"PEL 103 is an onshore license and is located 40 miles from
PEL 73 which is being explored by ReconAfrica - initial
technical work supports extension of the hydrocarbon
system into our license"
If that statement is correct then likely it is in EOC's acreage too
DYOR
I know facts are usually unimportant to people on here but go back and have a look at what UOG said about Block B in Benin a few years back when they funded passive seismic and held an option to farm in.
Again, have a look at Recon Energy which has the two blocks immediately to the North of Elephant's Block. Have a look at Sintana Energy which has the two blocks immediately to the west of us in Namibia. Their presentation gives an idea:
https://sintanaenergy.com/investor/investor-centre/
The SEC rules are strict on what can go in the S1: once EOC is listed it will have more freedom on what it can say.
I think RRR will do very well in due course.
DYOR
Elephant Oil Corp (ELEP)
Elephant Oil Corp is scheduled to IPO on February 2, 2023, according to FactSet.
The Company is listing 1,827,957 units, each consisting of one share of common stock and one warrant to purchase one share of Common Stock.
The anticipated IPO price for each Unit is between $4.15 and $5.15, and the stock will be listed on the NASDAQ under the ticker ELEP.
LOL no one here is 'touting' ELEP but merely quoting US sources which says ELEP about to go public at between $4:15 and $5:15
Timing is everything when shares of these small companies are purchased. I am sorry you lost money
Rrr has 400,000 old shares in elephant, they are not worth the 4usd touted here they vist over 2usd to buy and will be lucky to breakeven . Ab is one of ghe great csrpetbagger of all time, qudos foe him perpetuating his BS for dosny years and getting away eith it
Many thanks for posting that info, hopefully, some good news at last for shareholders maybe DRC to follow. ?
another source https://www.valuethemarkets.com/analysis/ipo-outlook-cubt-elep-nrxs
Elephant Oil Corp (ELEP)
Elephant Oil Corp is scheduled to IPO on February 2, 2023, according to FactSet.
The Company is listing 1,827,957 units, each consisting of one share of common stock and one warrant to purchase one share of Common Stock.
The anticipated IPO price for each Unit is between $4.15 and $5.15, and the stock will be listed on the NASDAQ under the ticker ELEP.
What Does Elephant Oil Corp Do?
Elephant Oil Corp is an independent oil and gas exploration stage company led by an experienced management, and technical team focused on under-explored African regions.
Its current asset portfolio includes exploration prospects onshore in Benin and an exploration license onshore in Namibia. To date, it has not drilled any wells. Additionally, the Company continues to review other potential assets for expansion.
Who is Leading the ELEP IPO?
Spartan Capital Securities are underwriting the Company's IPO.
Use of ELEP IPO Proceeds
The Company plans to use the funds raised as follows:
Approximately $4.5m to mobilize a drilling rig to Benin, commence exploration and drilling activities, additional surveys on Block B, and pay license fees in Benin.
Approximately $0.3m for initial surveys and license fees in Namibia.
Approximately $0.2m for further expansion of portfolio or further exploration activity of existing assets.
Approximately $0.9m for repayment of debt.
Approximately $0.1m for working capital and selling, general and administrative purposes.