cant believe its still this price this week ! results any day now of the mega upgraded CPR ! this market is crazy, i'm pumping in every penny at this level...
Agree ! well over due.....but imagine the rise when news out !!
what a absolute bargain !! never thought i'd see this low...final report due, news to the market shortly...
they had compound failure just over a month ago, price fell from 10p, as to future, depends what they got in their pipeline (if anything) or parts of company to cherrypick to sell off....or merge with someone? or complete buy out...who knows....
could yet again be another opportunity for NBNK to jump in, esp on the cheap ! //////////////////////////// One insider said this week that the Co-op was in active talks with the Financial Services Authority (FSA) about a string of issues related to the deal, one of which was about the capital position of its banking division. "There has been no change in the tone of the discussions with the regulator," a person close to the talks said. Codenamed Project Verde, the 632-branch network has to be sold in return for the state aid required to rescue Lloyds at the height of the 2008 banking crisis. If the deal does collapse, it would be the second-such abandonment following Santander UK's withdrawal from a deal to acquire more than 300 branches from Royal Bank of Scotland (RBS) late last year. People close to Lloyds insisted that its preferred option remained the deal with the Co-op but conceded that it was accelerating preparations for a demerger of the Verde business onto the public markets.
At the GSS production block, piped natural gas (PNG) from the IPF to the West East Pipeline via the Company's self-built, owned and operated pipeline was put into service on a controlled basis. Average daily sales through the pipeline in December 2012 were 2 MMcf/day (58,259 cubic meters/day). · Two newly constructed retail stations and one in the final stages of construction complemented the 6 existing retail stations as at 31 December 2012. · Quarterly CNG retail station sales in the final quarter was 105 MMcf (32,521 cubic meters/day), a 49% increase on a year earlier (70 MMcf in Q4: 2011, 21,801 cubic meters/day) · In Beijing, the jointly controlled entity with Kunlun (CNPC subsidiary), Beijing Huayou (BHY), achieved annual sales volumes of 12.6 Bcf (357.5 million cubic meters), a 4% increase on the year earlier.
At the GSS production block, of the total 19 km pipeline project which connects the existing Integrated Production Facility (IPF) to the north east corner of the GSS production block, 6.8 km of pipe had been laid by the year end resulting in 21 wells being connected to the IPF. · The GSS IPF generated 25.4 KWh of power from CBM produced at the block, a 70% increase year on year. · At GSS, there is now 31.3 km of well gas gathering pipelines, 15.8 km of gas transmission lines, 54.6 km of electrical grid, 6.5 BcfPY (504,000 cubic meters/day) of gas compression capacity and 10 MW power generation facility. · 4 leased trucks and 5 trailers were added to the truck and trailer fleet division in addition to the self-owned truck and trailer fleet comprising 5 and 12 respectively by year end. · The midstream wholesale CNG business in Henan and Anhui provinces recorded an 8.8% decline in sales volume. The sales volume in 2012 was 2.54 Bcf (72.2 million cubic meters). Sales volume in 2011 was 2.79 Bcf (79.1 million cubic meters).
Year on year growth of 55% achieved in annualized year end production of 2.6 BcfPY (201,785 cubic meters/day) compared with 1.7 BcfPY (129,457 cubic meters/day) at the end of December 2011. · Quarterly production in the final quarter was 506 MMcf, a 24% increase on a year earlier (407 MMcf in Q4 2011). · As at 31 December 2012, 51 LiFaBriC wells had been drilled at the Company's production block in Shizhuang South (GSS), representing a 96% increase on the year earlier. · There are an additional 11 LiFaBriC wells across the Company's 5 exploration blocks. · The total number of LiFaBriC wells across all blocks was 62, an increase of 88% year on year. These drilled wells are at various stages of completion, including establishing pipeline connections and de-watering.
U.S. billionaire Wilbur Ross said there was no shortage of opportunities to buy European banking assets after investing in a shell company he will use to pick up potential bargains. Ross, founder of private equity firm WL Ross & Co, said on Thursday he will pay about 8 million pounds ($13 million) to buy up to 37.8 percent of NBNK (>> NBNK Investments Plc), a shell company that was being wound up. "Given the turmoil in financial services, very few companies can get access to public capital markets so we feel a company like NBNK that is listed and has supportive shareholders will be attractive for a number of companies," Ross told Reuters in an interview. He said he would "cast the net wide" and did not have a specific deal in mind, adding: "Judging from the amount of inbound calls we have received already, I do not believe there will be a shortage of opportunities"
NBNK Investments plc (the "Company") today announces the results of the Tender Offer set out in the circular published by the Company on 13 December 2012 (the "Circular") which closed on 4 January 2013. This is subject to the passing of the Shareholder Resolutions and the Warrantholders' Resolution at the general meeting which has been convened for 8 January 2013 and Admission. 12,356,368 Ordinary Shares were validly tendered under the Tender Offer together with warrants to subscribe for Ordinary Shares representing 1.0419 per cent of the Fully Diluted Share Capital. On this basis, under the Share Subscription, the WLR Funds will subscribe for 16,077,597 Ordinary Shares and be issued with Placee Warrants entitled to subscribe for Ordinary Shares representing 2.4092 per cent of the Fully Diluted Share Capital. The total gross proceeds from the Share Subscription will be £6,270,262.83 of which £4,818,983.52 will be used to fund the purchases under the Tender Offer. It is also anticipated that the WLR Funds will also be issued with Founder Warrants entitling them to subscribe for 0.4859 per cent of the Fully Diluted Share Capital of the Company. The total number of Ordinary Shares in issue following the completion of the Tender Offer and Share Subscription will be 53,771,229, the WLR Funds will therefore own 29.9 per cent of the issued Ordinary Share capital. It is anticipated that CREST account holders who have tendered Ordinary Shares pursuant to the Tender Offer will have their CREST accounts credited for revised holdings of Ordinary Shares following the Tender Offer on or around 11 January 2013. Cheques will be dispatched for certificated Ordinary Shares purchased pursuant to the Tender Offer and payment made through CREST for uncertificated Ordinary Shares purchased pursuant to the Tender Offer on or around 14 January 2013.
Madagascar Oil is pleased to announce the appointment of Paul Ellis as a Non-Executive Director of the Company, effective immediately. Mr. Ellis has over 40 years' experience in the areas of exploration, production, development and management of international oil and gas ventures and most recently was CEO of Serica Energy Plc from 2005 to 2011. Prior to this role, he served as Chief Operating Officer of Emerald Energy plc, which operated heavy oil fields in Colombia. He commenced his oil industry career as a petroleum reservoir engineer with British Petroleum. He also served as Technical Director of Charterhouse Petroleum, Director International E&P of British Gas and Senior Vice President International of PanCanadian Petroleum (now Encana) in Canada. In these senior roles he has held technical and financial responsibility for new ventures and projects in over 20 countries. Mr. Ellis is a member of the Society of Petroleum Engineers. Mr Ellis's background and experience further strengthen the Board's ability to provide guidance and leadership to the Company on a corporate and technical level.
get in now, what does anyone know about this lot?
possibility for NBNK to jump in ? i heard virgin are knocking at the door...
in the chairman for that move...
ould probably be better going along the route of a SEDA using YA Global Master or the likes...far better long term...or even mid term...
probably see it rise back up to 26-28 levels next week now...poss higher..
totally agree ! "Special resolution number four regarding the approval of renewed share capital authorities was withdrawn by the Chairman during the meeting. As previously announced on 10 September 2012, the Company is currently reviewing its funding requirements and as such considers it inappropriate to seek a general authority from its shareholders to allot shares at this time. The Company intends to seek such shareholder approval, as appropriate, in due course."
certainly should be closer to the 180p mark at the moment..