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Interesting......Alex resigned from both Northdown companies just 10 days ago on 27/06/2014 after the nomad resigned. http://companycheck.co.uk/director/900697153
If you copy and paste the whole link from the last post it will work....a pdf
Reason no. 10....? Http://www.txwb.uscourts.gov/opinions/opdf/04-11551-frm_CKG%20Energy,%20Inc.%20and%20CKG%20Pipeline,%20LLC.pdf
? CASE NO. 13563: Continued from April 13, 2006, Examiner Hearing Application of the New Mexico Oil Conservation Division for an Order Requiring CKG Energy, Inc. and/or Cedar Gas Company to Properly Plug 8 Well(s) and to Close Pits, Quay County, New Mexico. The applicant seeks an order requiring CKG Energy, Inc., the operator of eight inactive well(s) in Quay County, New Mexico, to properly plug and abandon the same, and to properly close abandoned pits located at the sites of said wells, and providing for such other relief as the Director deems appropriate. Adobe page 3 Http://www.emnrd.state.nm.us/ocd/documents/DocketNo.17-06.pdf
Trivia.........This ranch is in the same area as those wells.........LOL "In reference to the minerals, approximately 10 years ago, a considerable interest in natural gas exploration occurred in this general area. An exploration company approached the owner of the ranch regarding the construction of a gas line easement through a portion of the property. After considering the potential threat of condemnation, the owner negotiated the easement right-of-way for $80,000. Shortly thereafter, a 12 inch buried natural gas line was constructed across approximately 7 miles of the ranch. After the pipeline was constructed, the exploration company took bankruptcy, but because of stringent language in the easement document, all rights to the easement and the existing pipeline reverted back to the property owner. Then, in 2008, another exploration company approached the owner wanting to re-purchase the same easement and the existing pipeline. New negotiations began. The owner of the ranch negotiated a payment of $100,000 for the easement and an additional payment of $265,000 for the pipeline itself. The company also agreed to re-seed the pipeline easement. Because of cheap natural gas prices and other problems incurred by the exploration company, this company failed to perform and could not comply with the easement agreement. In November, 2010, ownership of this never used gas line again reverted back to the ranch. All ownership rights and future benefits from this gas line will convey with the property. This never used buried pipeline has become somewhat of a cash cow, and could potentially continue to be a valuable asset in the future." And here they come again? Http://www.landsofamerica.com/new_mexico/land-for-sale/32170.7-acres-in-Quay-County-New-Mexico/id/1178121
You're pushing for Beaufort is commendable but there will be millions to be paid off before anything can be divied up. I'm rooting for the med to long termers with large losses and the ones who may have wanted to stick with this company..... though I believe these days are numbered.
Isn't a Nomad suppose to do due diligence before they take on someone?
I disagree Mav. .... Millenium already have cash and a considerable amount of shares coming from SNR for only 6%...the question is how much more will they take to buy those wells? Major dilution here. I cannot see how this is for the good of SNR.
I think it's possible the wells to be acquired by Milleniun Energy could be the same ones Tucumcari Exploration are in pocession of. It is also possible that Tucumcari Investments own 75% of Tucumcari Exploration and Aventine Resources (Minmet) the other 25%. Some of the same people, as you can see, that were involved in the Minmet debacle are involved here. Is Millenium Energy Corp a vehicle to offload those same 7 wells from the Minmet days and make money ?
Substb....you have completely lost me! Can you spell it out in simple terms for the simple people like me?
a) Who are the people behind Westcoast Group Limited ("Westcoast") and what commonality is there with Minmet directors and with the other companies involved in the deals? Westcoast's sole Director and Shareholder is Irving Aronson. Irving Aronson holds the shares in issue on trust for himself as to 10%, Hilberry Foundation as to 45% and Charms Investments Limited as to 45%. There is no commonality of shareholders between Westcoast and Minmet and its Directors. There is a degree of commonality of shareholders between Westcoast and Carbon Energy Investments Limited and Tucumcari Investments Limited ("TIL").
This can't be for real........ David Price, Secretary of Millennium Energy Corp......... David Price 13520 Oriental St Rockville, Md 20853 Charms Investment LTD (1) Http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76541137
I believe they are a private company in Eire now.
do aventine still have a nomad? if so ill bet you a fiver thats who we get if we appoint a new one
DoE gears up for baseload-coal IPP procurement http://www.miningweekly.com/article/doe-gears-up-for-baseload-coal-ipp-procurement-2014-07-04 The details of the RFP are not yet known, but the allocation is likely to based on the December 2012 Ministerial Determination, which indicated that the DoE would seek to procure 2 500 MW of baseload coal for connection to the grid by 2024. However, a single-project capacity limit of about 600 MW is likely to be stipulated. Should the baseload-coal bid documents be released in August, the bid-submission date is likely to be during the first quarter of 2015.
Balvairde Caoital Ltd is a subsiduary of Aventine Resources.... "Principal Activity:[11.10] Extraction of Crude Petroleum and Natural Gas" Http://listofcompanies.co.in/aventine-resources-public-limited-company/ Http://www.solocheck.ie/Irish-Company/Balvairde-Capital-Limited-128137
SNRP ticker on my HL portfolio for this stock just changed to B1VQ5F3. Could this mean it is ready to restart trading or just part of the suspension process?
you couldnt make it up could you. rescu a struggling company by giving money away to another one in a worse position still hope to get something from this but most of the proceeds from a mbillion pound asset are to be squandered and used to line toher pockets unbeleiveable isnt it
Naughhhhhhhhh!!! Wednesday, May 28, 2014 "Exploration firm effectively insolvent, High Court told" "The shareholders of Aventine Resources, formerly Minmet plc, have been “completely handicapped” by the failure of the directors to meet their basic obligation to file returns for 2010, 2011 and 2012, said Shelley Horan, counsel for the Director of Corporate Enforcement." "Mr Mansfield said two new directors are being appointed and negotiations are under way in South Africa to try broker a deal which could result in further funding being made available by a third party" Http://www.irishexaminer.com/business/exploration-firm-effectively-insolvent-high-court-told-270153.html
Http://www.businesswire.com/news/home/20080613005294/en/Minmet-UK-Regulatory-Announcement-Tucumcari---Independent So why didn't Tucumcari Exploration (25% owned by Minmet at the time of this article) put the wells into its name as operator??? Http://www.emnrd.state.nm.us/ocd/documents/OCT18OCDHEARING.pdf
Has Aronson come back for a second chance at these wells after they were duped with Minmet money the first time? Have lessons been learned and action taken so it doesn't happen again? Why is the operator still CKG on the State of New Mexicos books? Who did Millenium pay for the wells and who still holds 15% of them?
"Michael David George of Austin, Texas, was indicted on November 15, 2006, in the United States District Court, Western District of Texas, San Antonio Division, Cause No. SA-06-CR-600-XR. George is charged with one count of securities fraud, two counts of mail fraud, and one count of money laundering for the sale of investment contracts and fractional undivided interests in oil, gas, and other mineral rights in the form of working interests in oil and gas wells in Wyoming and New Mexico, issued by his company, CKG Energy, Inc." Http://www.ssb.state.tx.us/Enforcement/2006_Civil_and_Criminal_Actions.php CKG is registered as the operator of those 7 wells of Tucumcari exploration ? "Mr. George admitted to diverting investor funds for his personal benefit, causing him to be unable to drill and complete the programs sold to investors." Http://www.ssb.state.tx.us/News/Press_Release/pr_10_15_07.pdf