Member Info for regvarny

.......I think Rolf.....may .want more control over the BritNRG cash cow.....by buying out existing large holders.....Possibly increasing MetalNRG holding in BritNRGfrom 65% to 75%.....Good business in my view.....Reg

.......we still have £337.5k by value in Convertible loan notes.....to pay in shares for BritNRG deal.....This will take MetalNRG holding in target from.....53.24% to 65%......My theory.....is Rolf wants to take us over 70% in BritNRG by stealth.....Reg

.......to whom is the question?.....Its not gone through the market?.....Is MetalNRG buiding a larger holding in BritNRG.....Would be a good move at current oil price $85 BOO......Reg

Money......your right......Brent crude is trading at $85.00 BOO.....We know BritNRG daily oil production is somewhere between 150-300 BOO per day.....Rolfs very quiet.....IMHO.....this equation simply does not add up in a good way.....Maybe Rolf wants to get the the BritNRG loan notes away at a low price.....for his friends.....Reg

.......even better! lol Reg

Big.....what I would like to know......is the 1000 BOO per day oil production target coming from its existing Lincolnshire oil field.....or other means.....Reg

.......Whisby 4, 6 and 7 wells .....100 BOO per day each =£300 per day in total.....Reg

.......Whisby....4 and 6 wells are capable of producing 100 BOO per day.....New producer Whisby 7 well.....likewise.....Conclusion these shares could quadruple on those production figures.....Reg

Rod......agree looks about right......Reg

......it appears they have reduced their holding slightly this morning......but they may also be part recipients of yesterdays new shares......Who knows......We will find out on the 11th October. when new shares are traded....Reg

........this is not dilution......we now have majority control of oil asset BritNRG......by increasing our holding from 50% to 53.75%......The shares issued yesterday.....by value £112.5k.....represent 25% of £450k CLN......used to acquire oil asset BritNRG.....Dyor.....Reg

My take on £112..5k new shares issued today at .45p ......This is effectively 25% of the £450k convertible loan note given to previous owners of oil asset BritNRG......Effectively the shares are paying for an increase in MetalNRG holding in BritNRG from 50% to 53.75%.....Conclusion.....with Brent oil trading at $81 BOO......and each Whisby well.....4,6 and 7 capable of producing up to 100 BOO per day......we could be looking at a £20m valuation on oil asset alone.....Another positive today is......MetalNRG have majority control over BritNRG.....Reg

.......Whisby wells 4,6 and 7 could produce 100 BOO per day.....double current production.....Reg

........amother piece of information I have gleaned.....each Whisby oil well producer..... 4, 6 and 7 could potentially produce 100 BOO per day......thats double current production.....Reg

Asset manager MetalNRG....intension is to create Special Purpose Vehicles (SPVs) for each of its businesses......with their own specialist management teams......Management teams plus new investors will also hold shares in these SPVs......MetalNRG oil asset SPV BritNRG eg......Management holding shares in SPV.....should place more enforsous.....in theory .....on shareholder value......Heres the good part.....when an asset reaches maturity.....over £10m in value.....it is spun out of business......Reg

Money......the increase in MetalNRG BritNRG holding from 50%.....to 65%......is due to £475k convertible loan note granted to previous owners of oil business......Paying for assets with shares......conserves working capital......ie cash......Hopefully our shares with increase in value.....to allow the convertible loan holders to sell their shares......and cash out......Personally I feel the oil asset alone is presntly worth 2p a share.....£20m.....lol REg

Money......look up Align MetalNRG GoldRidge research note......MetalNRG intention...... is to use Private Equity model.....to create indevidual SPV businesses.....with their own specialist management teams......in oil.....gold.....renewables etc......The management and other investors will also take a stake in SPVs.....BritNRG eg......When a MetalNRG SPV business reaches over £10m mkt cap.....it will be spun out.....creating further value for shareholders.....Rolf is the man with the plan......Reg

Money.....Rolfs plan....with Gold Ridge.....is to expand.....acquiring other nearby Gold mines to spread his costs over.....Whats nice about this asset is.....its in a safe part part of the world US......has planning.....good grid supply.....and road infrastructure.....Another winner.....Reg

........come on Rolf......lets have a October production update......News on Whisby 7 producer would be nice too......Who knows your share could quadruple to 2p.....Gushing Reg

Money......we raised £2.3m in March.....to fund both Gold Ridge and BritNRG projects....we also invested .£700k in an Eqtec Italian Biomass plant....Yesterdays interims balance sheet.....we had net assets over liabilities = £2.75m.....Oil receivables stood at £1m....from 0 in previous six months.....IMHO this company is sound financially....and should be self funding going forward.....If Whisby 7 producer comes on stream......pumping 50-100 extra BOO per day.....my goodness.....sp will fly....Reg