Member Info for Upside

Surely it would be better to wait until after the placement as it will be at a discount to todays price.

They are not very well researched then a simple read of the RNS would have set them straight. Acquisition consideration The consideration for the Acquisition of £2 million is to be satisfied by the issue of 25,000,000 New Ordinary Shares at a price of 8 pence per share. The Placing Peterhouse Corporate Finance Limited, the Company's broker, has conditionally raised £3.3 million (before expenses) for the Company through the placing of 41,250,000 New Ordinary Shares at 8 pence conditional on the Resolutions being approved by Shareholders at the General Meeting and Admission. The net proceeds of the Placing are estimated at £2.8 million and will be used to develop the intellectual property of OptiBiotix, to commercialise OptiBiotix products and for general working capital purposes. Once the Placing Shares are admitted to trading on AIM, the Placees will, in aggregate, hold approximately 57.5 per cent. of the Enlarged Ordinary Share Capital. Share consolidation The Share Consolidation, which is expected to take place after close of business on the Record Date, will involve every 200 Existing Ordinary Shares being consolidated into 1 New Ordinary Share. The Company will issue new share certificates to those Shareholders holding shares in certificated form to take account of the Change of Name and the Share Consolidation.

UPSIDE gone sorry Bannor but as soon as it was made public it was not a natural resources deal I jumped ship at a small loss only had 5.7 million so got out in one go. Wish you all the best but my funds from here are now in STG so

If we assume a 90 day due diligence period from the agreement on 12th may then news should be due around 11th August.

Not aimed at me I know. However the same guy Adam is also behind the rto at VIY so that's a good one to watch for a pointer here, it is worth noting that they went for a life science company and that's why I think it will be natural resources here just my opinion. It can definitely be said that a shell usually gets a boost on any deal as they usually start from a very low level how high they go usually depends on if they go for consolidation and or fund raising. For example AVP is cheap as chips but almost out of cash not the case here I am glad to say.

Speculation Well you did invite it so, there are rumours circulating that some one is after angus energy. Personally I doubt it but that's what the whispers say.

Speculation Ok then. The company website states The Company will focus on opportunities within a range of high growth sectors worldwide such as natural resources, technology and life sciences. Given that Adams other investment company has just taken over a life sciences company I speculate that this time they will go for the resources sector. Both the directors have experience and exposure to this area of investment. Uk onshore is an easy entry point and very sexy at the moment so who knows. As for consolidation etc that's anybodies gues VIY went for 100 to 1 if memory serves but makes no difference how its sliced as long as the pie gets bigger. If we follow same time line as viy look for readmission in around 3 weeks.

Thanks. Hope you get a result over in VIY.

Not a lot to do until they start trading again.

Under AIM rules an investment company has 12 months to make an acquisition From previous rns My fellow director, Nicholas Nelson and I were appointed as directors of Ducat Ventures Plc ("Company") following the General Meeting of the Company held on 18 November 2013 at which shareholders approved, inter alia the disposal of the Company's trading activities and a placing which raised proceeds of £285,000 (the "Placing"). Leslie Barber, Alex Dowdeswell and Clive Garston, the former directors of the Company resigned on 18 November 2013. The Company therefore no longer has any trading activities and is classified as an "Investing Company" pursuant to the AIM Rules. The Company's investing policy is to invest in opportunities within a range of high growth sectors such as natural resources, technology and life sciences. The board has already identified a number of investment candidates and is performing early stage due diligence. The board is keen to build shareholder value. If they became an investing company on 18th November they have 12 months from then to make an investment.

The Company confirms that it is in discussions in relation to a possible transaction which, if completed, would constitute a reverse transaction pursuant to the AIM Rules. Consequently, the Company has requested that its shares are temporarily suspended, pending a further announcement.

http://www.shaleexperts.com/search?search_term=pg+m+international&search_section=all&serchvalue_new=

Adam Reynolds will be presenting at the UKInvestor Show on April 5th http://uk.advfn.com/one-free-share-tip/q-amp-a-with-the-company-rescuer-mr-adam-reynolds-by-tom-winnifrith/942 Q.You are also involved in what was Ceres Media, now Ducat Ventures – where I declare I own a few shares -. What got you into that business? A. It was a clean shell, albeit it had £150,000 of creditors, however I thought it was worth having a go and taking control and reversing something exciting into it at some stage Q. And how will Ducat go forward? It is just a cash shell now – what will you be doing to create value for investors and when? A. As above via a reversal

I am not sure what they we re-open at as it all depends on what information the company gives out before they re-list. However due to the freedom of information in the US a few details of operations are starting to emerge. I have posted these links before but the board has been rather quiet. Drilling licences applied for http://amarillo.com/news/latest-news/2014-02-15/oil-and-gas-report-sunday-feb-16-2014 Interactive maps of leases and well sites http://www.texas-drilling.com/operators/pg-m-international-operating-llc/631795 Many wells shut in and awaiting work over and reactivation http://www.rrc.state.tx.us/data/production/stripout/p.php Long list but they are in there Clearly in Russia they hoped for 2 wells producing a thousand barrels per day each, the strategy in the US is to have 500 wells producing 5 barrels per day. Given that the majority of US production is from stripper wells they will be part of a very big club.

Forgot to say you can click on each lease in the list for an individual map. I agree not the kind of place to break down without a phone

The red dots are our wells http://www.texas-drilling.com/operators/pg-m-international-operating-llc/631795

The good news is they have been busy so when we do get an update it should read well. http://amarillo.com/news/latest-news/2014-02-15/oil-and-gas-report-sunday-feb-16-2014

Welcome aboard will take a look at VIY

That's not the case. I was in GOO now called BOIL they suspended at their own request for six months when it ran out they simply applied for another six months no problem.

Phase 2 was due to complete 15th Jan we got RNS on 22nd so maybe 22nd April. Who knows. Will be interesting to know what progress has been made with the workovers.