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.
It's been ages since we've last chatted... I hope all is well and you're making a few $$$...
PR Newswire London, December 22 22 December 2015 Red Emperor Resources NL SC55 Update Red Emperor Resources NL (ASX | AIM: RMP) provides the following update with respect to Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines. Red Emperor has been advised that its Joint Venture partner and Operator, Otto Energy Limited (ASX: OEL) has requested a two-year moratorium be granted by the Philippines Department of Energy over SC 55. The JV fulfilled the work obligation under the current exploration Sub-Phase by drilling the Hawkeye-1 exploratory well in August 2015. Although the well did not encounter gas in commercial quantities, it proved the presence of an active petroleum system in the contract area which hosts the “Cinco Prospect” as well as several other leads. The consortium intends to undertake further technical studies during the moratorium period, including a Quantitative Interpretation (QI) Study. QI is a relatively recent geophysical technique that is designed to gain a better understanding of existing and potential petroleum reservoirs. The Joint Venture expects a response from the Department of Energy with respect to its moratorium request early in the new year. Red Emperor Resources holds a 15% participating interest in SC 55. Red Emperor Greg Bandy +61 8 9225 2826 Grant Thornton UK LLP Philip Secrett/Jen Clarke/Jamie Barklem +44 20 7383 5100 Brandon Hill Capital Limited Jonathan Evans +44 20 3463 5010
Moving north fast!
Market Cap!:)
Showing as sells...
PARALLEL MEDIA GROUP PLC ("PMG" OR THE "GROUP") Heads of Agreement and Loan Update Parallel Media Group Plc (AIM:PAA), a leading event marketing and media agency, is pleased to announce that its music division, through PCM, has entered into a legally binding heads of agreement with Team Rock Limited ("TeamRock") whereby Parallel Contemporary Music International Limited ("PCMI"), a recently incorporated wholly owned subsidiary of PCM, will act as TeamRock's independent, commercial representative in Greater Asia and South Africa for negotiations in relation to the Classic Rock Roll of Honour and associated radio, licencing and merchandise rights. As with the agreement relating to the 2016 Classic Rock Roll of Honour music event in Tokyo with Klab Entertainment Inc. which was announced on 12 November 2015, this agreement will result in PCMI receiving certain licence fees, commissions and a share of the net profit from any other event, if any. The agreement will terminate in the event that a fully-executed long form agreement is entered into or, if not, the agreement will terminate on the third anniversary if no extension is agreed between the parties within the six months prior to that date. Alternatively, the agreement can be terminated in the event of certain breaches by either party. As set out in the Group's final results for the year ended 31 December 2014, pursuant to the PCM Agreement, PMG will receive all the revenue which PCM (or its wholly owned subsidiaries) receives after the deduction of certain approved operating costs and any VAT. The effect of this arrangement with PCM is that the Group receives the economic benefit of the music division, while the costs associated with the joint venture arrangement are met by PCM rather than PMG. The revenue generated in accordance with the Heads of Agreement is expected to exceed the approved operating costs and VAT as referred to above. Accordingly, this arrangement will result in revenue being received by the Group. TeamRock is majority owned by funds managed by Harwood Capital LLP, which also own 28.23 per cent. of the ordinary shares in Parallel Media Group plc, and Tim Sturm, non-executive director of PMG, is a partner of Harwood Capital LLP and a non-executive director of TeamRock. Loan funding In addition, the Company announces that David Ciclitira, the Chairman of the Company, and Parallel Contemporary Art Limited, a company under the control of David Ciclitira, have provided further additional loans to the Company totalling £129,000 in aggregate. The balance of loans now due to David Ciclitira and entities controlled by David Ciclitira, which includes these loans, amounts to £826,384. The loans have been made to meet contractual obligations of PMG on a short term basis and as yet there are no formal terms of these loans. The provision of the loans i
Out!
The sale is worth more than it's mcap!
Rns!
Another entry point may be soon?
Ouch!
Will definitely keep an eye on this over the next few day to see if the funding is successful... I it's may be a bit undervalued..? GLA!
GLA! :)
Rolling in!
There she goes! In auction now @.75p! GLA!
For a buy now... Looks like an upward tick soon:)
A sea of blue:)
News out about discussions with investors about possible funding by the end of 2015... I don't know why the Rns is not showing up here, but it did on my Barx level 2... GLA!
Excellent Update!