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time this started to move, hoping to hear something more concrete on T/O.
Due to the timing of the RNS, this has escaped most peoples attention, should see some good rises tomorrow.
i have just under 150k shares in SE. and i am not selling until we get an rns, i will then decide what to do. I had GKP, sold at 12.5p, next day rns and they went to about 30p and then onto it's current sp. I felt a right donut after that, still i learnt a lesson !
upped to 14.75
Short term funding sorted until monies arrive from sale of Italian asset. Amendments to Bank Facility TIDMSE. RNS Number : 0284G Stratic Energy Corporation 25 January 2010 ? NEWS RELEASE Amendments to Bank Facility and Additional Line of Credit CALGARY and LONDON, January 25, 2010 - Stratic Energy Corporation (TSX Venture: 'SE', AIM: 'SE.') ("Stratic" or the "Company") announces the signature of loan facility amendment agreements with its banking syndicate incorporating an additional line of credit. The amendments provide, inter alia, for the deferral of year-end 2009 scheduled debt repayments totaling approximately $25 million, until receipt of the proceeds of the previously announced sale of the Company's Italian business, expected around the end of the first quarter, 2010. In addition, the amendments provide an additional line of credit of approximately $10 million available for general corporate purposes, also to be repaid from the proceeds of the sale of the Italian business. At December 31, 2009 the Company had cash (excluding restricted cash) of approximately $6 million, and outstanding loans from its banks of $48 million. Kevin Watts, Stratic's President and Chief Executive, commented: "The new banking arrangements provide us with increased near term flexibility to pursue our ongoing investment programme. These agreements represent further progress in our work over the last year as we look to take the business forward. We are therefore pleased to have finalized these agreements, which are in line with the bank discussions we reported as part of our third quarter 2009 results announced in November last year."
Once again, many thanks for your honest thoughts. Next week hopefully things will become clearer on what is going on in Syria. There was a good article on Gulfsands in the business section of the Telegraph today, about it's oil find in Syria and possibly upping their reserves in Syria by as much as 15%, Questor rates Gulfsands as a buy. BW Larney
has a nice ring to it , just add the word oil instead of gas and were in heaven !
in canada says that rig is still on site, possibly testing multi zones
keep up the good work, we've done our bit, now let's hope the Canadians keep the momentum up until we get the news.
Amazing how quickly things can change, it was only a few days ago when it was just you and me and we were a bag of nerves !
my memory serves me right, SE. as operator have to get authorisation from Syrian ministry before an rns can be released. I also seem to recall that friday is a day off in Syria. So may be SE. got approval yesterday for release of rns today and some of the buying we saw yesterday came indirectly from Syrian ministry ( leak ). Just guess work !
That's crazy, don't they want any trading done today ?
now at 12.5p
Fantastic rise in a poor mkt today and no news. Come on the Canuks keep the momentum going !
is going mad now and still no news, imagine what this will do if the well comes in
been in a meeting the last one and half hours and i have missed the opening salvos, still more action to come yet !
RNS out, looks good to me.
Good luck to you both !
Good post, many thanks ! Oil , would be beyond my wildest dreams, just imagine what that would do to the SP!
More buying this morning, maybe, just maybe news this afternoon !!