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.
Here is another song for you ;-) We must keep asking the boys and girls to VOTE and keep them entertained . See if you can get Miss F to do some baton twirling ! it is independence day after all. https://www.bing.com/videos/search?q=knights+in+white+sattern&view=detail&mid=F8C487E56A2507D2E685F8C487E56A2507D2E685&FORM=VIRE
NTOG!
Wonder who okenia is kicking today then........ Great turn of events today. Good one Rita - no wonder she was keeping her powder dry. What baffles me is the SOS must have known - maybe he was against this (but then nothing he has done would indicate that - HTOG didn't mention it, or TW for that matter....... GLA
'Privately owned Western Energy Development LLC is taking a 29% stake in Magnolia in return for putting a pile of business Magnolia’s way' I need to lie down in a darkened room and calm down. lol
Magnolia is the new black, as US-focused onshore operator receives boost from Western Energy Development Investors piled into Magnolia Petroleum PLC (LON:MAGP) this morning as it revealed it had landed a major new shareholder. Privately owned Western Energy Development LLC is taking a 29% stake in Magnolia in return for putting a pile of business Magnolia’s way. The two companies have a capital management agreement, whereby Magnolia will be responsible for acquiring oil and gas assets across 27 Oklahoma counties in return for certain fees and interests. Follow St Brides Partners @StBridesP Magnolia Petroleum gains major new shareholder as part of deal to invest & manage up to US$18.5m under US Immigrant Investor Program #MAGP 8:41 AM - 4 Jul 2017 2 2 Retweets likes Twitter Ads info and privacy “For Western Energy to entrust us with the management of up to US$18.5 million of their clients’ funds, together with their agreement to receive shares in lieu of a cash fee for the deal, represents a major endorsement of the current board and management team,” said Rita Whittington, Magnolia’s chief executive officer. The shares were up 31% in mid-morning trade.
https://www.youtube.com/watch?v=9jK-NcRmVcw Hi maggots as a lot of you may know when I get excited with Maggie (now now boys) I get out my trusty CD of the Pointer Sisters and play at full volume 'I'm excited'. Well Check out my latest choice of CD and think about Rita V SOS LOL
Hi smidsy This has confused Mr MM he is using a blue pen today !!!! Usually when we get something this good he uses RED ! So Boys and Girls Please vote as smidsy and Miss F are nearly ready to open the bar to celebrate our new partners Mr / Mrs WED joining us as well as Rita retaining Control. Do you think Rita is holding back the CLR results until after the VOTE Robsky ???
'Directors believe the Agreement with WED will generate significant value for all its shareholders in the near and long-term' For those LTHs still on the crew list of SS Maggie the above statement must be music to the ears. The last thing I expected was a RNS as good as this. I am now looking forward to the next few days with Rita in the red corner and SOS in the blue corner. Let battle commence.
Better today L1 thanks the past few weeks have been a bit dodgy regarding the NTOG SOS saga but historic LTH's ownership of the company on this BB is huge notwithstanding the recent ones coming out of the woodwork, I know some will have drifted but even so I think Rita will win this one IMHO. GLA
Thanks Robsky, Informative as always! Hope you're well matey. L1
Good morning all, nice one Rita I remember mentioning some time ago that there was a regular lease deal with Western Energy Developments llc evolving and the real deal has just come out in the nick of time, we have deals in Dewey, Kingfisher, Blaine and Major counties Why can investors feel confident they will get their investment capital returned? •Investors have 1st lien on assets and cash flows via debt investment •As the oil production program is executed, the wells produce oil and become more valuable -- thereby increasing the value of loan collateral •Returns will be funded through cash flow from producing wells •WERC aims to fund projects at the safer end of the oil and gas spectrum. These are not speculative exploration projects. WERC’s technical team will ensure exposure to highest-quality fields with high percentage completion. http://wercregionalcenter.com/services/capital-return-to-eb-5-investors
This is going to end flat / down today. I've had a tiny top up. Average down to 0.72p now. Fantastic RNS. Must admit, I was worried when I saw the 'Issue of Equity' headline. But Rita has pulled this one out. She's also tied herself in to this one as the contract is bound so long as there isn't a change in control. If she gets booted out, then WED have the right to cancel. In my view, the big rise will be seen after the AGM, if Rita stays. It has been subdued due to uncertainty. If she wins (my holdings are backing a Rita win!) this will (hopefully and finally) show some stability and vision as to where the company is headed. $18,500,000 is huge!! And a 29% stake in the company is nothing to be sniffed at, that's for sure. Snead, what's your next play...? I think Rita may have just earned her next year's salary right there...
Noticed my buy being marked down as a sell, being held back for the big boys to come flooding in i see. Get ready for the boomage!
"The CMA provides for a minimum capital commitment to be provided by WED of US$10,000,000 by 1 January 2020 " minimum of $10 mill... There is no mention of the existing credit facility. WED would have been made aware of it as part of the investment, presumably there is nothing of concern to WED over the existing arrangement. Great news, although what would really produce a sustained rise in the SP would be some sort of agreement within OPEC to limit supply and therefore get the price of oil significantly above $50 to a point where OPEC members are making a profit pulling the oil out of the ground.
https://www.reuters.com/article/brief-magnolia-petroleum-enters-agreemen-idUSFWN1JV01H
Magnolia news has even made Reuters today.
Just wait till the Big buyers digest the RNS over the next hour or two.
It seems that some NTOG share holders are indicating that they should sell their holding in MAGP and move on ;-D. DUE TO TODAYS RNS ! STILL VOTE FOR RITA ;-))))
I know i said man the cannons the other day but wasnt expecting Rita to bring out the bigger guns
Giving MM Fitzgerald an easy ride for some reason?
Yea amazing. Well done rita
Rita has played a blinder amazing deal! DONT FORGET TO VOTE !!!!!
Looks like Rita gets to keep her job.....GLA
Yes Shadoww, someone been given the wink maybe