Member Info for GT6546

Clearly a good sign - in my opinion - that the Sheikh is media savvy, very enthusiastic about MX Oil/ADM Energy and knows how to leverage contact with the media to get valuable, free publicity about his business development ideas and get his message across.

I'm very much looking forward to perhaps also reading future interviews in mass market UK newspapers.

That could reach a lot of readers and create a lot of interest.

Wonderful and very welcome to see the interest of another member of the Maktoum dynasty in the UK and a UK company.

The word 'energy' in the proposed new company name really helps send a message, in my opinion, that the company (similar to the UAE itself) may not just be entirely focused on oil in the future.

Energy and energy investment companies that diversify into all sorts of different energies and fuels - old and new, traditional and conventional, low tech. and high tech. - may be the ones that particularly thrive in future.

I think it is worth a reminder (and reading) about the history of the company, prior to the recent name change to Bould Opportunities, when it was known as Photonstar LED Group.

In 2010 Enfis Group PLC proposed an acquisition (which constituted a reverse takeover) of Photonstar LED Limited.

See Enfis Group PLC RNS (Number 0150X) of 30/11/2010 below:

https://www.investegate.co.uk/enfis-group-plc--bou-/rns/proposed-acquisition-and-plac/201011300701070150X/

It went through. Enfis Group PLC then changed it's name to Photonstar LED Group.

However, regarding the recent activity at our renamed (and hopefully much refreshed, renewed and rejuvenated company!) Bould Opportunities has stated, and I quote:

"The Company has already met with a number of promising potential acquisition targets and whilst no guarantee can ever be made to the execution of a successful reverse takeover, it is the Board's intent to identify and execute a reverse takeover in prudent haste."

Had a quick re-read of MX Oil's Final Results for year end 31 December 2017 (released 29/6/18).

I wonder when the Final Results for 2018 will be announced?

I noticed that those for 2017 include some useful KPI's.

Quote:

"KEY PERFORMANCE INDICATORS ("KPIs")

The Group's activity is that of an investing Group and the Directors focus principally on the development of the Group's net asset value.

The key performance indicators are therefore set out below:

GROUP STATISTICS

2016
Net asset value £12,254,000
Net asset value - fully diluted per share 1.19p
Closing share price 1.06p
Market capitalisation £12,039,000

2017
Net asset value £14,199,000
Net asset value - fully diluted per share 0.86p
Closing share price 0.53p
Market capitalisation £8,775,000"

Wow, that's big news, and very under the radar. After the opposition in recent years to nuclear power being developed in Iran (and I think Iraq and Syria may have also tried it) I am very surprised to to see other Arab countries attaining international consent and assistance to research it.

Then again, I think the six member states of the Gulf Cooperation Council mentioned in the article you posted a link to are all on largely friendly terms with the Anglo-Atlantic axis. The United Arab Emirates in particular.

The UAE have invested in renewable energy, domestically, in a big way. So fascinating to see they still require energy from another big new source.

I think the Germans, after the 2011 earthquake, tsunami and resultant Fukushima nuclear disaster, announced they were planning to do away with nuclear power. Premature and unwarranted? (Germany not renowned for suffering from earthquakes and tsunamis!)

United Arab Emirates - can't remember ever hearing it is seismically active. So nuclear power could perhaps work there.

If UAE have the International Atomic Energy Agency on side, I imagine they'll be few obstacles.

In the context of MX Oil, and the not insubstantial gas reserves in the Aje field it is invested in, I found these lines in the article you posted a link to notable:

"The UAE in 2016 produced 130 TWh of electricity, all from fossil fuels – 128 TWh natural gas, and 2 TWh oil. There were no imports and virtually no exports."

My guess is the main market for Aje field gas (if and when it gets developed and produced) may be Africa.

If true, would that not be geopolitically very unpopular with some other countries, especially with Israel and the USA?

Development of nuclear (power) energy can end up being a stepping stone towards the development of nuclear weaponry; and I think that may be outlawed by the (United Nations?) Nuclear Non-proliferation Treaty.

Of course we know that UAE's interest in oil and gas, but they are also very tech. focussed.

From the article:

The UAE government has also partnered with the World Economic Forum to launch "The Centre for Fourth Industrial Revolution" in the Emirates...The term "fourth industrial revolution" is defined as a "technological revolution ... that is blurring the lines between the physical, digital and biological spheres."...

..."The fourth industrial revolution will shape the whole century,"..."Those nations that are on top of these new technologies, being artificial intelligence, internet of things, big data and autonomous vehicles, will come out of this century as the most prosperous ones."

There's an informative article from 29 April on website of CNBC ('The UAE signed a massive, $3.4 billion deal with China ...')

No mention of MXO, but gives a useful insight into the important and close relationship between the UA Emirates and China.

The article says "China is already the UAE's second largest trading partner."

30/4/19 final results.

Sorry, slightly off topic but the Sheikh's website mentions he met the President of Puntland State, Somalia recently.

Puntland was mentioned somewhere else this week, perhaps in UK company news, but I've forgotten where.

Did anyone else see that story?

Thought people would find it of interest to know that His Highness, Sheikh Maktoum Hasher al Maktoum, also a member of Dubai's ruling family, was recently appointed Chairman (5/2/19) of a resource company (Artemis Resources).

How closely might he be related to MX Oil's Shaikh Ahmed Bin Dalmook Al Maktoum?

There has been a lot of news flow about the development of natural gas resources amongst a lot of energy companies recently.

Against a backdrop of considerable concern amongst sections of the general public - and a large number of governments, NGO's and inter governmental agencies - about climate change, I think the energy mix of energy companies is going to be increasingly important in the future.

As will be the marketing of the positives, negatives and environmental angles and selling points of that energy mixture responsibly, and in commercially advantageous, value generative ways.

I personally think this will become especially important when it comes to attracting new investors and being able to highlight a company's 'green credentials' and 'clean enegy kudos' in the future.

Ethical investing, fashion, social acceptability and popularity are big things now amongst people popularly referred to as the 'millennials'.

I read a prediction recently that natural gas will displace coal and become the number 2 energy source (after oil) by 2030, and that demand for gas is predicted to increase by nearly 50% by 2040.

Seemingly natural gas regarded as a transition fuel, in the renewable/non-renewable energy mix.

I think MX Oil's investment in Superdielectrics Ltd (as showing at Companies House), it's widened investing policy, the proposed renaming of MX Oil to "ADM Energy" and the recent strategic investment in MX Oil by a member of the ruling family of Dubai, United Arab Emirates are all suggestive of a company that may be moving, changing and adapting to the times.

It's worth a reminder too, that Dubai, United Arab Emirates itself invests heavily in alternative and renewable energy. The 'green credentials' of energy is very important to Dubai's ruling family.

The mid market closing price on 1 May 2019 was 0.275.

The bid/ask price showing next to the 65,000,000 unit / £196,000 trade (0.25/0.27) appears to be the bid/ask price at market close TODAY, when the delayed trade was posted. Not the bid/ask price at market close yesterday.

Check the other buy trades posted around 430pm today. All 0.25 bid / 0.27 ask.

I think the £196,000 trade is as stated - a BUY.

If someone does a trade of 65,000,000 shares at 0.3015 pence a share (at 16:30:55 on 1 May), at the time when the mid market closing price was 0.275p, then probability is it was a buy.

I notice that John Michael Treacy is listed as an Active Director at ABAL Group PLC with Companies House.

A recent former Directorship by him at Digitalbox PLC (which was previously named Polemos PLC) is also shown.

From what I've just read on investgate.co.uk Polemos PLC carried out a reverse takeover earlier this year of Digitalbox Publishing Holdings Limited, and then renamed itself Digitalbox PLC.

If John Michael Treacy is still an Active Director at ABAL Group PLC he is one with interesting recent experience for ABAL Group PLC to have.

Quote: "The investment by this entity, which is the wholly owned private office of His Highness Shaikh Ahmed Bin Dalmook Al Maktoum, is a strategic investment for the Company. The Strategic Investor has a portfolio of privately held investments that focus on energy projects, LNG terminal development, commodity and oil trading as well as other industries. The Strategic Investors' investment has occurred as it considers that it may be able to add considerable value through the use of its knowledge, network, experience and access to capital." [1]

Source:

[1] 15 April 2019, RNS Number : 1276W

RNS Number : 9114O
MX Oil PLC
04 February 2019

"The continuous oil production of Aje-4 and Aje-5 is above initial expectations and has encouraged the operating partner group to approach RPS Group with the purpose to establishing the viability of additional development of Aje. RPS Group was appointed in late October 2018 to conduct an assessment of the potential development activity associated with the additional upside oil resources. The modelling work conducted to date has reinforced the partners' view of the potential for new oil wells in both the Turonian and Cenomanian. RPS Group's work is now expected to conclude in Q1 2019 and will form the basis for a decision on further drilling in 2019 ("Phase 2") with a view to a full development project thereafter.

The operating partners continue to assess the viability that these two development phases (sic.) [have]. The operating partners consider that the initial development drilling may result in peak oil production rates of 8,000 to 12,000 barrels of oil per day and the full development drilling may increase production to 20,000 barrels of oil per day and 100 million standard cubic feet per day of gas."

I thought it was very thoughtful of Bould's outgoing Chairman to include contact telephone numbers in the RNS - to reach Bould, Allenby, Peterhouse and Link Asset Services on.

Suggests they want to make themselves very available to answer any questions from all us ordinary, humble shareholders; and assist people as much as possible about the Open Offer.

I very much hope that they manage to raise the required funds and are able to progress and grow matters.

Just checked something else. With the change of Registered Office address today at Coeur Gold Holding Ltd (CGHL), filed today at Companies House, CGHL now shares the exact same Registered Office as PHOENIX CAPITAL (R-ENERGY) LTD (that Antos Glogowski is also a Director at).

Interesting. According to documentation filed at Companies House today, Coeur Gold Holding Ltd (of which Antos Glogowski is one of the Directors) has changed its' Registered Office address.

Quotes from today's RNS (Number 6551X):

"All Qualifying Shareholders who hold Existing Ordinary Shares on the Record Date will receive an Open Offer Entitlement and may also apply for Excess Shares pursuant to the Excess Application Facility.

If you have sold or otherwise transferred all of your Ordinary Shares after the ex-entitlement Date, you are not entitled to participate in the Open Offer...

...Record Date and time for entitlements under the Open Offer 6.00pm on 30 April [2019]

Announcement of the Open Offer 7.00am on 1 May [2019]...

...Ordinary Shares marked 'ex' entitlement by the London Stock Exchange 8.00am on 1 May [2019]"

To me, Attis doesn't sound as funky - and evoke the same exotic imagery as Mayan.

Attis sounds obscure to me, but obscurity can be useful sometimes.