Member Info for ryn82

all by myself lol

should also be noted that the BOD own over 45% of the shares. G Willaims - 29.5% Noble Rock - 15.3% (Bruce Vandenburg holding company) Fiona Kinghorn - 1% John Killer - 0.6% The other holders over 3% are nominee accounts so would be a several minor holders

so 670 PJ = 670m GJ = erm $670m at $1, or $335m at $0.5 Eden = 50% Coastal Oil & Gas = 50% Of Coastal, Methane UK have a %, of which GBR have a %. Lets assume, GBR have 10% of UK Methane, who have 10% of Coastal. Therefore PEDL 100 = $335m lower case Eden = 50% = $167.5m Coastal = 50% = $167.5m of which Coastal is split Coastal O&G = 90% = $150.75m UK Methane = 10% = $16.75m of which UK Methane is split UKM = 90% = $15m GBR = 10% = $1.675m For one PEDL. They have 17 in total........

hTTp://www.edenenergy.com.au/pdfs/ASX_Announcement%2020080901%20-SW%20CSM%20promising%20estimates.pdf this is one of the PEDL,s - PEDL 100 Goes on to talk about the 17 licences. "Independent report estimates prospective recoverable coal seam methane (CSM) resources of between 380 PJ and 670 PJ (approximately 380Bcf to 670 Bcf in volumetric terms) in PEDL 100, with potential additional upside. This is based on initial drilling result from three exploration wells and existing coal borehole data" "Recent CSM dealings in Queensland value expected CSM reserves (usually quoted as P3 reserves) at between $0.50- $1 /GJ, with 2P and 1P Reserves being valued far higher. (Note: 1PJ = 1,000,000 GJ)" "As previously announced, Eden and its CSM partners Coastal Oil and Gas and UK Methane Ltd were recently awarded 17 additional licences covering approximately 1400 Km2. This gives Eden a 50% interest in a more than 1800 Km2 of licence areas containing CSM, conventional and unconventional gas targets. These new blocks are shown in red in Figure 2" Love it when a JV company put all the figs together! Bear in mind this is 2008 data........

Also invested in UK Methane, the % of UK Methane GBR acquired, and the % of UK Methane of Coastal Oil & Gas is not well documented, but I think a fair assumption would be GBR have 10% UK Methane Ltd, of which they have 10% of Coastal - in terms of share of PEDL economic interest. Difficult as :- http://www.theguardian.com/environment/2013/mar/12/shale-gas-rush-fracking-companies Uk Methane is a sister company of Coastal Oil & Gas "Take Gerwyn Williams, a serial Welsh energy entrepreneur based in Bridgend. Companies house shows he has 18 current directorships has resigned from a further 17 boards and been a director of seven companies which have been dissolved. One of his companies, Coastal Oil and Gas, is owned by Thistle Gas which is owned by UK Onshore Gas. This company, in turn, owns UK Methane, which is looking to explore for shale gas in the Welsh valleys and near Bath"

GBR acquired GEF and invested in UK Methane Ltd (a sister company of Coastal Oil & Gas). Through GEF, GBR have "GEF has a framework financing agreement ("Framework Agreement") with Coastal Oil and Gas Limited and UK Methane Limited (together, the "Gas Companies"). The Gas Companies have an ownership interest in 17 petroleum exploration development licenses in South Wales, Bristol and Kent with the right to explore and drill for shale gas in the licence areas. Under the Framework Agreement, the Gas Companies have appointed GEF, on a non-exclusive basis, to co-invest by financing their exploration and development operations. In consideration for this co-investment, GEF will receive an economic interest commensurate with the proportion of drilling expenses covered through the funding received from GEF."

http://www.edenenergy.com.au/pdfs/ASX_Announcement%2020080901%20-SW%20CSM%20promising%20estimates.pdf

the BOD have a plan now they have changed name and consolidated......

REAC - worth taking a few down here imo. under £6m market cap and get this: 1) Newry Biomass – 4MW Biomass CHP •The project cost Stg£14.7m to construct which was provided through shareholder equity of Stg£6.8m and a project finance loan of Stg£7.9m from Ulster Bank Ireland Limited, a subsidiary of the Royal Bank of Scotland plc. •The first 2MW gasifier line was commissioned in Sept 2012 and when fully operational it will generate up to Stg£2m of revenue and Stg£1m of EBITDA. •The second 2MW gasifier line will be commissioned during 2013 with full takeover expected by Dec 2013. •Once fully commissioned the project will generate up to Stg£4m of revenue and Stg£2m of EBITDA. NOTE - THEY HAVE ALSO STATED THE INTENT TO INCREASE TO 8MW = £3M EBITA 2) Enfield Biomass – 12MW Biomass CHP •The project has been developed through Enfield Biomass Limited (“EBL”) , which is currently 100% owned by Kedco plc. Over Stg£2m invested in the project to date. •The project has also received an offer to connect to the distribution network with capacity available in the area. •Once fully commissioned the project will generate up to Stg£12m of revenue and Stg£7m of EBITDA. •The Company is targeting financial close in mid 2013 following which construction will start on the project NOTE - finaincial close delayed - expected very soon!! THATS £3M + £7M EBITA DUE FOR YEAR END 2014. £10M ON 10X EARNINGS = WAY WAY ABOVE CURRENT MARKET CAP. In addition to this they have a few wind farms producing modest revuenue (500kw and 800kw farms). They have Other Biomas plants (claycross 12mw, plymouth 12mw, derry 25mw - all similar EBITA to Newry/Enfield) in planning process and large windfarms / solar power projects. In total over 150mw pipeline with management looking to expand to 300mw by end 2014. GL

fellow PI's. I think the name change could serve the company well. But I would much rather they spent the time completing the financial close of Enfield. Share consolidations have never worked in the shareholders favour and to be honest I am considering selling up.

dont worry Im not a newbie, just dont normally post on LSE.

thanks for the posts mate! does look interesting put that way.

what % would ENRT get? Haven't seen these before

Delisted should read relisted!

Purple lounge is a legacy issue from the previous BOD - not PJ. MDC were also given the all clear with regards to the liabilities however it looks like the company will not be given a gaming licence which is the crux of the problem here. Whilst funding is also stated as a key problem, funding would of been able to be obtained at much better terms than I guess the RTO of leopard oil will be executed. Once PJ joined TWL it was obvious what may happen. This share will not be delisted for at least another month IMO as terms of the sale of Intabet, appointment of new BOD, shareholder approval of shareholding restructure and receipt of raised funds will be required first. However this may be much longer if the shareholders do not approve the changes. By the way I have a few million of these aswell

Your 9.20 post is not correct as holders would also own £1.2m of the company, ie the same value. The problem here is 1) will MDC get anything for Intabet 2) will MDC sell goal millions (as it will be non core to investing policy) 3) MDC are proposing a complete share restructure upon becoming LOL (leopard oil ltd). Therefore they will A) raise further funds (how many share will they issue?) B) possibly consolidate the number of shares C) relist with a new asset (note the probable transaction per the RNS) - what will this be worth? D) a complete new BOD E) what market cap will they relist at No one yet knows! But usually the exisitng shareholders do lose/get diluted (ie a real drop in value of holding). The 'blessing' here is that the company was only valued at £1.2m (unlike LDP which was capped at £20m an holders got diluted 90%). So given the points above we can't possibly know! I just hope they reverse a good asset in here!

Well GM was to launch 6 April so slight delay and a contract has been signed for Boxnation for Intabet as a betting platform. Khan has a fight end of the month - Considering the Intabet demo is currently up and running I would expect the full version to be available for that fight. Therefore we can say hello to two revenue streams very soon IMO. Wouldn't be surprised to see a Demerger of the non core assets and and GM/Intabet.

R BIGGUN

"The Company is a newly formed company that has not commenced operations and has no financial track record. The Company currently has no contracted investments or formally arranged financing facilities and its investments will only be made after the proceeds from the Subscription have been received and Admission has occurred. As a result, there can be no assurance that the Company will be successful or that it will meet the objectives of its Investing Policy and prospective investors do not have financial or other information regarding investments to be made by the Company or information on the Company’s future prospects to assist them in making their investment decision. There is, therefore, no basis on which to evaluate the Company’s ability to achieve its business objectives, implement its Investing Policy and provide a satisfactory investment return. " would seem a lot of future upside in the current sp?

do these guys have any assets ot just the placing proceedings??