Reflec PLC 26 April 2007 Reflec Plc ("Reflec" or "the Company") Results of EGM Further to the announcement released to the market earlier today. The Company wishes to have it noted that: Resolution 1, relating to the consolidation of the Company's share capital, was recommended and has now been approved. Essentially, every 50 issued and unissued ordinary share of 0.1p each in the capital of the Company shall be consolidated into 1 ordinary share of 5 pence. Pursuant to the share consolidation, application has been made to the London Stock Exchange for 11,175,852 ordinary shares of 5 pence each ('New Ordinary Shares') arising on the consolidation to be admitted to trading on AIM. It is expected that dealings in the New Ordinary Shares will commence on 27 April 2006 Enquiries
I wonder how much this will be worth if they get promoted to the Premiership.
Associated British Foods, which owns Primark as well as the Silver Spoon sugar and Kingsmill bread brands, posted a 5% rise in half-year profits today thanks to the discount clothing chain's rapid expansion. The 166-strong Primark chain opened 23 new stores over the past six months, adding 900,000 square feet of shop space. By the beginning of March, all but four of the Littlewoods stores acquired by Associated in 2005 had been converted to Primark shops.
For immediate release 23 April 2007 Black Rock Oil & Gas plc ("Black Rock" or the "Company") Holding(s) in Company The Board of Black Rock (stock code: BLR) announces that it has been informed that Barclays Bank PLC through Barclays Stockbrokers Ltd and Gerrard Ltd holds the total voting rights attaching to 75,244,710 ordinary shares of 0.5p each in the share capital of the Company representing 7.16% of the total voting rights in the Company. ENDS For further information, please contact: Peter Kitson Tel: 01189 001 350 Black Rock Oil & Gas plc www.blackrockoil.com Michael Cornish Tel: 0207 628 3396
Any one know why this share is rising today. cant seem to find any recent news on it
Some people remember when yahoo and microsoft were cheap and thought, if i had known i would have bought some, even if its a little. This company is going to be exactly like that. Got in at 180.
At least until the payment is made.
LONDON (AFX) - Archipelago Resources PLC said drilling has found high-grade gold mineralisation intersections at its 85 pct-owned Toka Tindung Gold Project in Indonesia, with production on track to begin in the third quarter of 2007. These intersections, which include extensions to the main mineralised system, could extend the mine life beyond its initial six years, said Archipelago. The highest assay in the intercept has 25 grammes per tonne of gold. Five scout drill holes were sunk. The project has a resource of 1.7 mln ounces (ozs) of gold, of which at least 0.9 mln ozs will initially be mineable by open pit. Archipelago aims to begin production at the mine at the rate of 150,000 ozs per year, increasing to a target of 160,000 ozs per year in subsequent years.
Black Rock (stock code: BLR), the UK-based exploration company, is pleased to announce that through its broker, VSA Resources Limited, the Company has conditionally placed 317,000,000 new ordinary shares of 0.5p each ("Ordinary Shares") with a number of investors at a placing price of 0.5p per Ordinary Share (the "Placing") to raise ??1,585,000 (before expenses) subject to settlement. The Company intends to use the Placing proceeds to provide additional working capital and in particular, to fund the next payment of approximately US$1,000,000 to the Company's Colombian joint venture partner, Kappa Resources Colombia Limited ("Kappa"). Kappa has previously advised the Company that it expects to start drilling the Acacia Este prospect in the Las Quinchas Block in January/February 2007. Drilling and testing is expected to take 4 to 6 weeks. On completion of this well, assuming a minimum cost of US$1.5 million, Black Rock will have earned, subject to approval from Ecopetrol, a 50% non-operator equity interest in the Las Quinchas Block.
More exciting still perhaps, is the incredible growth in sales at present. Turnover for the six months to December was up 186% to 2.6 million pounds. What's more, the group has just announced a transaction to acquire a company in the CCTV space in an all shares deal that values Croma's shares at 6.5p, a significant premium to the current share price. This is not the first time that the group's CEO John French has struck a deal at such a massive premium. At some point the market will have to realise that such deals are only possible because the shares are very cheap indeed. This correction is not far away.Croma will deliver a small profit in the current year to June 2007. This may not seem like a major achievement, but for one that has invested significantly in its infrastructure, this is a group poised to see a massive ramp up in profitability next year. But I seriously doubt that Croma will be able to avoid the inevitable consolidation that this industry will face in due course. The question is whether Croma will be the consolidator or the consolidated. One thing is clear, the positive newsflow has momentum and further revelations are only a matter of time away. This stock is cheap for a great many reasons. This is a stock that will double before the year is out.
AIM traded Croma is a company of its time. In a world of heightened security in which we live, this is a group with products that are in high and growing demand. Croma's businesses are solely focussed on the design, development and marketing of high performance surveillance equipment for civil, military and government agency applications. The group is split into three core areas. Croma Defence Systems manufactures and markets a wide range of surveillance and counter surveillance products. R&D Design Services designs and manufacturers a range of video enhancement monitors for use in airborne or maritime surveillance applications, whilst the Shawley division is a well known manufacturer of robust and reliable CCTV pan & tilt units. This may sound all very technical, but the business is actually very simple and potentially, very profitable. Products include Zeus, a remote light source for urban warfare. The Wotan long range lens system, a comprehensive range of thermal reduction suits, covers and nets and the TDI range of superior arms accessories for use by elite army units and special law enforcement agencies. Meanwhile, Croma's range of "Keyghost" keyloggers now includes their new "Radio Keyghost" that can access a target computer from up to 200m. Pretty impressive stuff.
Lupupa, where did you get the news of teh discovery
Black Rock Oil & Gas PLC 01 December 2006 For immediate release 1 December 2006 Black Rock Oil & Gas plc ("Black Rock" or the "Company") Monterey Appraisal Well - Testing Update Summary Black Rock (stock code: BLR), the UK-based exploration company with interests in Colombia and offshore UK, announces that the testing of the Monterey appraisal well 49/8c-4 in the Southern Gas Basin has been completed. The well flowed natural gas (principally methane, ethane and propane) from several perforated intervals in the Carboniferous reservoir section during the well test period. Observed flow rates might have been impeded by relatively low reservoir quality and reservoir damage within the well. The Field Operator, Wintershall Noordzee is currently evaluating if higher flow rates could be achieved on production. Well test The well flowed at approximately 850,000 cubic feet/day through a 2 inch choke. In common with many vertical appraisal wells in the Southern North Sea, the gas flow rates were less than can be expected from a horizontal development well. The drill stem testing results indicated reasonable reservoir permeability and pressure in intervals of the tested reservoir, while other intervals were tighter. At present further detailed analysis of the well test data is being performed bythe
Lots of buying, any ideas
currently asking 1.4
Has someone made a mistake in entering the figures. The price has suddenly jumped to 37.7 from 1.7
Thursday, 23rd November 2006 08:59 Ambrian Capital says to merge mining, exploration business with Palladex LONDON (AFX) - Ambrian Capital PLC said it has agreed to merge its mining and exploration assets with Palladex PLC, which has also agreed to buy Ethiopian Resources Ltd, the company which imports platinum concentrate from Ambrian's Ethiopian assets. Ambrian said in return Palladex will issue an aggregate of 50 mln new shares to Ambrian and the shareholders of Ethiopian Resources, after which they will hold a 44.8 pct interest in Palladex
Probably shouldnt have, but out for now
Subsequently, the Company received a number of cash calls from Kappa for various activities, only some of which had been fully approved and documented by Black Rock. The Company paid US$1 million to Kappa in respect of the undisputed items of expenditure. The Company subsequently challenged the validity of a number of the remaining cash calls, which the Directors of the Company have been advisedhad not been issued in accordance with the terms of the JOA. In particular, the Company challenged those cash calls in respect of expenditure for operations that are not expected to be carried out until 2007. Without notice Kappa Energy Colombia Ltd then issued a default notice to the Company. The Company issued a comprehensive rebuttal of the disputed cash calls and the validity of the default notice. The Company has commenced proceedings in Colombia to protect the Company's Colombian assets and to prevent Kappa taking any further unilateral action which might prejudice the Company's interests until such time as the disagreement over the cash calls and works programme has been resolved between the Company and Kappa in accordance with the JOA's agreed procedures. Black Rock is working diligently with its advisors and intermediaries to resolve this disagreement and has made a number of requests to meet with Kappa, although to date, Kappa has not made any response to Black Rock's request to meet. A further announcement will be made in due course.
The Board of Black Rock announces that a dispute has arisen with the Company's Colombian joint venture partner, Kappa Resources Colombia Limited ("Kappa"). In April 2005, the Company acquired through farm-in a 50 per cent. non-operated equity interest from Kappa in the 249,000 acre Las Quinchas Association Contract located in the Middle Magdalena Valley of Colombia and entered into a joint operating agreement (the "JOA") with Kappa. Subsequently in September 2005, Black Rock also agreed to farm-in to the Alhucema Exploration & Production (E&P) Contract. As previously announced on 21 September 2006, the construction of the facilities on the Arce Oil Field required for the agreed steam injection testing programme had commenced. The long-term test was expected to be completed in approximately 6 months. The Company also announced that Kappa had advised the Company that it expected to start drilling a further 2 exploration wells, Acacia Este and Chicala Este, in the Las Quinchas Block before the end of this calendar year. This has now been delayed and Kappa has recently stated that rigs are being sought for the first quarter of 2007.