George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
17 December 2012 Toledo Mining Corporation plc ("Toledo" or the "Company") Appointment of Directors Toledo Mining Corporation plc (AIM:TMC) is pleased to announce the appointments of Mr Isidro Consunji and Mr Robert Jenkins as non-executive directors. Mr Isidro Consunji, President of DMCI Holdings Inc. the parent company of DMCI Mining Corporation ("DMCI Mining"), has agreed to join the board of Toledo (the "Board") as a representative for DMCI Mining which holds a 17 per cent. shareholding in Toledo. Mr Consunji has been a director of DMCI Holdings Inc. for over seventeen years. Mr Robert Jenkins has joined the Board as an independent non-executive director and as the Company's Audit Committee Chairman effective from 1 January 2013. Mr Jenkins has over thirty years' experience in investment management and corporate finance and is currently a partner in Northstar Corporate Finance. He was previously a corporate finance consultant to KPMG (Moscow), finance director of AIM-quoted Eurasia Mining plc and a senior fund manager for Framlington Group plc. Victor Kolesnikov, Chief Executive Officer said "These new appointments significantly strengthen the board. Mr Consunji is a successful senior corporate executive with many years' experience of project development in the Philippines, whilst Mr Robert Jenkins is an experienced corporate financier whose contribution and governance we welcome to the board as an independent non-executive director." For further information, please visit www.toledomining.com or contact: Victor Kolesnikov, Toledo Mining Corporation plc +44 (0) 20 7290 3100 Richard Morrison / Jen Boorer, RFC Ambrian Ltd +44 (0) 20 3440 6800 Anthony Shewell, Fin Public Relations +44 (0) 20 7608 2280 Carina Corbett, 4C Communications Ltd +44 (0) 20 3170 7973 http://www.investegate.co.uk/toledo-mining-corporation-plc/one/toledo-mining-corporation-plc-appointment-of-d.../20121217174007H5736/
EVO has gone for his legs waxing (again) ... After Hour Trades
Sold my holding here this morning with a 10% profit from the low ... Will keep out for the next week or two and hopefully jump back in at a lot lower price ... No intended deramp just heard too many whispers on what is coming here and it does not look good IMHO ... GL to those invested but the sidelines from here is the best place to be short term ! Sheffieldowls ... No advice given fella but I sincerely hope you do not get caught on a big drop ... Regards SD77
http://www.investegate.co.uk/Article.aspx?id=201210011753396588N
20 September 2012 Tinci Holdings Limited the "Company" Result of Annual General Meeting and Trading Update The Directors of Tinci Holdings Limited are pleased to announce that, at the Company's Annual General Meeting held earlier today, all resolutions put to the meeting were duly passed. Trading update As expected, trading in the first half of 2012 was at a lower level than in the corresponding period in 2011, but good control of costs limited the impact on results. A small loss is expected to be reported when the interim results are released in late September. Early indications are that trading in the second half of 2012 is expected to be somewhat stronger than in the first half, although it is too early to predict the financial results for the full year. However, operating cash flow is expected to be marginally positive for the full year.
.... and now 6 companies that have designs on our Northern acreage, another major on board would be a massive vote of confidence on the largest seismic shoot ever done in Namibia. We have even farmed 10% of our central block based on 2D alone, what does that tell you ??? Aug 8 (Reuters) - British oil firm Chariot Oil & Gas is confident of bringing in a partner to help it explore its blocks off the northern coast of Namibia, said its chief executive, after securing BP as a partner on a southern block. "We have about six companies we're talking to on that. Most of them are majors," said Chief Executive Paul Welch in an interview on Monday. Chariot is aiming to drill the Tapir North prospect situated on its acreage off the northern coast of Namibia before the end of 2011 in what will be the first well the company has ever drilled. Welch said he hoped to secure a rig to drill the Tapir North prospect, which geological experts estimate could hold around 2.7 billion barrels of oil, by the end of the summer and added that talks with a possible partner were ongoing. "I would view it as a foot race between drilling the well and announcing the farm-out," he said. "We don't need a partner for the exploration well but we'd like one, and the reason we'd like one is given success, we can then immediately move into the development, appraisal phase." Chariot believes the geology on the Namibian side of the Southern Atlantic ocean is similar to that in the Santos basin off the coast of Brazil, where some of the largest oil discoveries of recent years have been made. Oil major BP farmed-in to areas off the Southern coast of Namibia earlier on Monday, joining Chariot and Brazilian state oil company Petrobras , to explore block 2714A with the Nimrod prospect the first well to be drilled. "It will be Q1, Q2 2012, that's what I expect but that's subject to partner approval," said Welch on the timing of drilling Nimrod.
28 February 2011 Chariot Oil & Gas Limited ("Chariot", the "Company" or the "Group") Pre-close Update Chariot Oil & Gas Limited (AIM: CHAR), the Africa focused oil and gas exploration company, today gives the following update ahead of its full year results for the year ended 28 February 2011. The Company has continued to make considerable progress on its assets offshore Namibia, announcing an increase of 3.1 billion barrels of gross mean prospective resources following the defining of the Nimrod prospect in block 2714A on 13 January 2011, and a further 700 million gross barrels of additional potential in the Tapir area of the Northern blocks, as announced on 25 February 2011. These recent resource upgrades and subsequent de-risking have resulted from the extensive technical work undertaken by Chariot's in-house team. Chariot's gross mean unrisked prospective resources now stand at 13.9 billion bbls (10.4 billion bbls net to Chariot). The announcement of the Nimrod prospect generated significant additional interest in Chariot's dataroom, resulting in new parties and repeat visits booked after the anticipated close date of 15 December 2010 and as a result, the dataroom is still open. Attendees at present are now supporting staff (legal, accounting) following on from the technical visits, completing the required due diligence in advance of submitting any potential offers. Discussions are on-going with multiple potential partners and Chariot continues to be very encouraged by the high level of interest and active due diligence that has been undertaken by a large number of internationally recognised major oil companies. This work and the whole farm-out process has endorsed management's view of the assets and, whilst this has lengthened the farm-out process, the resulting value added to Chariot's portfolio has been significant. However, even with the increased level of interest it is still Chariot's intention to announce a farm-out agreement in Q1 of 2011 with the potential for subsequent agreements to follow. Further updates on progress with regard to any potential farm-out activity will be announced in due course. Chariot's in house technical team has also grown over the past months with Ian Thomas joining as Senior Staff Geophysicist, Anthony Jervis as Senior Geoscientist and Nathan Moore as Technical Assistant. Work continues across all licence areas offshore Namibia, concurrent with pursuing the evaluation of new venture opportunities. Chariot expects to announce its full year results on or around 31 May 2011. Paul Welch commented, "Chariot has had another period of strong progress since our Interims with significant developments within our asset base serving to further underpin our value and investment case. We were very pleased to welcome additional staff over the past few months and we feel that Chariot continues to go from strength to strength. I look forward to re
MASSIVE FOR CHAR, MASSIVE FOR NAMIBIA .... Also: http://uk.reuters.com/article/2011/02/24/hrt-unxenergy-idUKN2418626820110224 Deal is worth $781 million * HRT to pay with Global Depository Shares * Seeks new exploration fields in West Africa (Adds detail, share price) SAO PAULO, Feb 24 (Reuters) - Brazilian oil company HRT Participacoes (HRTP3.SA) said on Thursday that it is acquiring Canada's UNX Energy (UNX.V) for 1.3 billion reais ($781 million), according to a filing with the securities regulator CVM. HRT said it would pay for the deal with global depository receipts, or GDSs. Through the deal, the Brazilian upstart oil company wants to expand its exploration and production areas in West Africa, where it sees potential for similar deposits to Brazil's vast, new off-shore oil fields, the statement said. It already holds five exploration blocks along the coast of Namibia. HRT is an independent oil exploration and production company formed in 2008. Its share's closed 3.16 percent lower at 1839.99 reais on Thursday, compared with a virtually flat benchmark Bovespa stock index .BVSP. ($1=1.664 reais) (Reporting by Guillerme Parra-Bernal; Writing by Raymond Colitt; Editing by Gary Hill and Carol Bishopric
2nd dataroom opened and period extended due to demand, at least 2 parties visited in January, unknown if still open. 31 out of 45 potential partners had visited by end of 2010 (IC article). Two farm outs, possibly three are hoped for in 2011, the first of which is anticipated in Q1. Producing asset acquisition is anticipated in the future, potentially a deal (asset swap) tied to farm out. Strong, proven BoD Several years of running cash, farm out expected to add significant cash reserves and possible cash flow Solid relationship with the Namibian government Blocks in 3 geologically distinctive basins over Namibian South Atlantic margin Charge maturity of basins indicates licences situated within the oil window Existing 3D seismic processing nearing completion to firm reserves and define drilling locations. Southern blocks reserves increased by 3.1 to 7 Bboe in Jan 2011. AVO anomolies, indicative of a hydrocarbon charge. Northern blocks resource update expected in due course. Evidence of DHIs, indicative of a hydrocarbon charge. 3D seismics planned for central blocks in 2011. ~1Bboe net risked, 10Bboe net unrisked, 13.2Bboe gross unrisked reserves. 10.1Bboe gross unrisked reserves confirmed by Netherland Sewell CPR in Oct 2011. High chance of drilling 2011. Marcio Mello apparently expects Chariot to drill first; collaberation mutually beneficial. Initial drilling in Namibian shallows all showed traces of oil, structures to capture oil believed to be in deepwater Chariot blocks in 'oil window' (Albian/ Aptian and Barremian age source rocks not as deep/cooked as Kudu gas fields) Numerous natural oil slicks have been observed over the Namibian acreage (radar analysis) Paul Welch runner up 'Executive of the Year' in World Independent & Junior Oil & Gas Awards 2010 Chariot runner up 'Frontier Explorer of the Year' in World Independent & Junior Oil & Gas Awards 2010 Presenting at NAPE Expo, Houston, mid February and at Appex Expo, London, early March Significantly undervalued compared to American peers (see below). Appointment of RBC suggests publicity drive in America, where an understanding of Namibian prospects already exists. Namibian explorers valued at significant discount to other West African plays; potential take over targets. Contd
Crude trading in the $90s Central banks intent on devaluing paper currencies (inflationary) Potential for oil panic any time in next few years as rising prices and unrest fuels oil speculation Emerging markets rapidly securing future resources Petrobras completed worlds largest IPO in late 2010. HRT completed large IPO/listing in Brazil 2010. Marcio Mello extremely bullish on namibian oil, as he was Angola. USA banned Eastern GoM and East coast drilling for 7 years Namibia has 'B' risk rating (same as Brazil and South Africa) ------------------------------------ Ambrian: Buy, 411p RBC: Buy, 280p Collins Stewart: Buy, 325p (~32% discount from 475p) Daniel Stewart: Buy, 291p Goldman Sachs: Neutral, 232p (However, it notes 1,500% potential upside) Jefferies: BUY, 275p ------------------------------------ CHAR net acreage: 27,763km^2 UNX net acreage: 30,642km^2 Note: These Namibian explorers hold around 10 times the acreage of the FI explorers. Note 2: Majority of the acreage still unexplored hence potential for significant upgrades in future. CHAR net risked reserves: 975Mboe (tbc) UNX net risked reserves: 510.3Mboe (likely to be increased once seismics processed) CHAR net processed 3D seismics: 3000km^2 (4500km^2 gross) UNX net processed 3D seismics: 0km^2 (seismic being shot now) ------------------------------------ Approx valuations (seismic spend and cash subtracted from MCAP), as of current (31/01/2011) prices: CHAR price per NET RISKED boe: $0.54 UNX price per NET RISKED boe: $0.84 Valuation by UNRISKED prospective shows CHAR extremely undervalued compared to peers
http://uk.finance.yahoo.com/news/Global-Petroleum-Ltd-Proposed-afxcnf-1237989309.html?x=0&.v=1 SD77
Back early buddy ... hope your well ... Any thoughtsd on a break of 250p here from current levels ??? Cheers SD77
My time at LSE is up and will now concentrate on family and forget about the posting ... Holding 6 stocks for 2 years then I will return. Can't thank you enough for the pointers with the charts they have undoubtedly helped me make thousands more than I would have just merely holding. Take care dude SD77
Well there you go, broke 8p finally and will hold until this 12p+ ... A lot of the 105M shares are in II hands and very tightly held but if you are patient here just like last time an intraday spike of epic proportions may just come again ... SD77
LOL and why would I not like that ? After having sold at 200p this is what I have been waiting for ... 177p looked very strong today but that doesn't mean to say the same will happen tomorrow, I think many know 177p is the point where it could dip so if broken it could tumble quickly ... Be very interesting to see if the gap fill theory comes off but I will be fully loaded by that point should it look possible ... North Korea are going to send the markets on a nother downer hopefully tomorrow and CHAR will gracefully slide too, fingers crossed ... Cheers for the reply, always appreciated ... SD77
http://www.chariotoilandgas.com/chariot/investor_relations/reports_documents/2010/unlock_afoil/unlock_afoil.pdf http://www.growthcompany.co.uk/features/1102297/exploration-insights-by-robert-tyerman.thtml http://www.investis.com/chariot/docs/next_phase_NAPE_Expo_Feb2010.pdf http://www.oilbarrel.com/nc/news/display_news/article/two-thousand-and-ten-looks-set-to-be-key-year-for-chariot-oil-gas-as-it-seeks-farm-in-partners-an/771.html http://whiskeyandgunpowder.com/could-namibia-be-ten-times-better-than-brazil-for-oil/ http://blogs.ft.com/energy-source/2010/03/01/oil-majors-taking-the-wrong-kinds-of-risks/ http://www.chariotoilandgas.com/chariot/investor_relations/regulatory_news/rnsitem?id=1267167626nRSZ7133Ha http://www.offshore247.com/news/art.aspx?Id=16193 http://europe.theoildrum.com/node/5867 http://www.rigzone.com/NEWS/article.asp?a_id=88483 http://www.oilvoice.com/n/Chariot_Oil_Gas_Signs_Namibia_Farmout_Agreement_with_Petrobras/9df737f1.aspx http://www.chariotoilandgas.com/chariot/images/pprvf.png http://dailyreckoning.com/the-namibian-oil-rush/ http://www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_April_10/Initiation%20of%20Coverage%20-%20Catalytic%20Chariot%20-%2030062010%5B1%5D.pdf http://www.investis.com/chariot/docs/unlocking_africaoil.pdf http://www.stockgumshoe.com/2010/09/taste-of-the-friday-file-namibias-oil-kitchen.html
jaxsprat 399p WOOP WOOP ! Scrimger 370p MaximusParkus 346p SusieB 320p gas54 315.00 azzwil 300p LangstoneCowboy 288.00 paulrow 282p CrazyAl 268p Yoshi 274p Talltony 274p Hobbyshares 262p clicknow 262p SGbaby 260p Sterl1ng 258p Cockneytaff 256p nomorg 251p AndrewYorkshire 249p SD77 242p redevilal 241p Harcha 238p Fantasy 234p HeartsofAtlantis 232p Incognito 230p lotsoo 226p ceckyspunt 225p Boyinthebubble 222p Downlighter (Mr & Mrs) 218p Agentmahone 215p willowinone 214p Kyokushinkeith 213p EVOKEV 212p Tuggers 198p Peru 185p eccles 173p Humblepie 75p
Clicknow- October 21st Talltony – October 26th SiFiUK – November 1st AndrewYorkshire - 5th November LangstoneCowboy - November 9th 8.47am SD77 - November 16th HeartsofAtlantis - November 17th Lotsoo - November 18th Mrs and Mr Downlighter - November 19th Boyinthebubble - 23rd November Incognito - 24th November paulrow - 25th November Fantasy - November 29th Tuggers – December 3rd Peru - Q1 2011