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MPLE Maple Energy

1.625
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Maple Energy LSE:MPLE London Ordinary Share IE00B1FRPX03 ORD USD0.01 (EX-DIVIDEND)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.625 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.625 GBX

Maple Energy (MPLE) Latest News

Real-Time news about Maple Energy (London Stock Exchange): 0 recent articles

Maple Energy (MPLE) Discussions and Chat

Maple Energy Forums and Chat

Date Time Title Posts
08/12/201617:46Maple Oil...newcomer today....84p now Ј1 to buy...>3,414
18/10/201412:12MAPLE Lets try to be positive 2.5p to 10p ia a year or two13

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Maple Energy (MPLE) Most Recent Trades

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Maple Energy (MPLE) Top Chat Posts

Top Posts
Posted at 17/3/2016 21:15 by vptsecure
garrygarry - we still own the share as in my III account it's just de-listed

there is still some hope... but they are carrying alot of debt
Posted at 01/3/2016 16:42 by stonefold
" ... Monday 29 February 2016 | 8:01

Maple Energy: We will call for bids to acquire oil

Nabil Katabi, CEO of Maple Gas Corporation del Peru , does not rule out acquiring assets of Duke Eergy in Peru


Juan Saldarriaga
Journalist Día_1
@JuanSaldaringa



The failed bet Maple Energy by ethanol (biofuel from sugar cane) plunged the company into a deep crisis. But this failure led to the return of the original investors, Maple determined to return to its roots: the production and refining of hydrocarbons.




Today, the company intends to maximize the capacity of its refinery in Pucallpa and ready for it to allow an international tender to acquire oil in the Amazon. From this, their immediate plans and the possibility of acquiring the assets of Duke Energy in Peru, spoke with Nabil Katabi, brand new CEO.
---
What is the business of Maple following the sale of its ethanol?
The main asset of Maple Gas is the refinery Pucallpa (Ucayali), concession granted by Petro-Peru. We also have three oil fields: 31-B (Maquia), 31-D (Aguas Calientes) and 31- E.

Now they called Maple Gas?
Maple Gas was part of Maple Energy. This company had two subsidiaries: Maple Ethanol, whose assets were sold to Gloria Group and Maple Gas, which was bought by a consortium of investors composed of Maple Resources (led by Jack W. Hanks company) and investors in London. What made this consortium was to acquire the debt of Maple Energy, which conferred a series of rights to the company.
---
How much debt amounted?
Maple Energy owed $ 19.8 million to the group of banks that ended up controlling its two subsidiaries [following the bankruptcy of ethanol business]. But its total debt amounted to US $ 63 million, including the assurances given by the ethanol project. It was a disaster involving Maple Gas, company that had always been very orderly. The work of the consortium was to rescue and clean up this good asset, buying their debt.
---
It is said that among the buyers of the debt is Matias Rojas, known oil trader.
There is a complex investment structure behind the purchase of debt, but we have the profile of the trader (Matias Rojas) that is very positive, because it is helping us to invent creative solutions to handle the refinery, making it more efficient and grow.

What strategy have to grow?
When we return to the refinery, this processed 1,400 barrels of oil per day (bpd). But its maximum capacity is 4,000 bpd. Our business opportunity is to pass [refine] from 1400 to 4000 bpd. How? Buying more crude. We thought we do with Cepsa [which operates the neighboring lot, 131], but if not participate, we will convene an international public tender to buy crude and condensate produced in the country and in the Amazon.
---
What is wrong with Cepsa? You evacuated its oil, but stopped.
Evacuate is not the right term. They began producing crude in September 2014 with a test well. Then drilled two more confirmed its production. They came to draw 4,500 bpd. Then they signed with the previous management [Maple] agreement reception, storage and dispatch of oil.
---
Do not you were refining that oil?
With the problems we had at that time we were not able to do so. We received only the crude, we stored on a barge off our refinery and we sent Refinery Petro-Peru, in Iquitos. We are the only company capable of 'tanking' for that service in the area.
---
But Cepsa has stopped producing since January, what happened?
The contract with them expired on December 31, 2015, but we are willing to renew based on two conditions. The first, which sell us the amount we require to fill the Pucallpa refinery (we need only half of the production of Cepsa). And second, that offer us a similar price paid by Petro-Peru.

---
What Cepsa answered?
We agree to pay a higher price than the market so they can keep producing despite falling crude oil prices. We send a letter, but inexplicably refused to negotiate until we understood their strategy.
---
What strategy?
Complain to the government that they can not produce our fault, when they are looking for an excuse not to keep producing. That is why we are visiting the authorities to explain this message and to understand that we are not responsible.
---
But still they are negotiating with Cepsa?
There has been no communication lately. But the doors are open. Simply sell us the oil in the same conditions as Petro-Peru and resume operations immediately.
---
Is that why open the bidding?
We'll do it anyway. Until convene a bidding we can not know how much oil is available in the market. There see if we can process heavy crude, such as Perenco [lot 67], to produce asphalts, and a hundred options. We have the will and the resources to do so.
---
What currently produced in Pucallpa?
First, diesel and gasoline going to Pucallpa market. Then gasolines that are acquired by Petro-Peru and Perenco. Then solvents are going to the paint industry in Lima. And waste, Electro Oriente (Tarapoto) and the brewery San Juan. We have 25% of the fuel market in Pucallpa. The rest is Petro-Peru.

---
And what happened to the shale gas had been discovered?
Shale gas find in Lot 31-E [2008], but that area was returned to the State, except the Pacaya field. Unfortunately, the resource is in the Amazon, where the cost of developing it is higher than in the US
---
And what are your plans for lots 31-B, D and E?
There, we are producing 340 bpd. They are decades old batch production profile and lower, although happily exploit light crude. We are looking at options to improve production, but would greatly help the government lower the royalties.
---
And what will they do after filling the refinery?
Some ideas we are going to occur. We want to stabilize to grow back, invest in Peru and perhaps in other countries. For example, we watched with great interest the sale of the assets of Duke Energy. They are operations we know very well, because we build them [the gas field Aguaytía, thermoelectric and transmission line].
---
Does that mean they could buy the assets of Duke in Peru?
Yes, but we would not do under the shield of Maple Gas. Our investors are looking at that opportunity.
---
Duke had a problem there with the price of gas.
The same as all oil: royalties are too high and are in arbitration with the state. But its assets have synergies with our own, and that makes them attractive to any investor.
---
So is it possible to buy the assets of Duke?
We're thinking. But lack Duke makes it official. Of course, they also operate two hydroelectric dams in Peru. If the sale is per package in each country, the priority would thermoelectric. For hydro, insurance look for a partner ..."
Posted at 22/12/2014 21:45 by cantrememberthis2
Id interpret the latest RNS as semi-good news.

The Senior Lendors havent forced this into administration.

The SL will pay over £650K for the few months ahead...

MPLE forced to sell gas subsidary perhaps...

No Admin though

...........

If they can get some offer soon share price could revert to a gap up 5p :)
Posted at 17/11/2014 15:50 by p@
maybe i hit the nail on the head?

p@-14 Nov'14 - 09:20 - 3262 of 3311 0 0 edit

Remind you of Qpp?

MAPLE ENERGY PLC

("Maple" or the "Company")

Notification of Transactions By Directors and Persons Discharging Managerial Responsibility Shareholding

Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, was notified on 04 April 2014, that Mr. Tony Hines, the Company's Senior Vice President and Executive Director, was forced to execute several trades involving the Company's shares (the "Shares") in order to satisfy certain unexpected obligations under his outstanding sale and repurchase agreements (the "Repo Agreements"), details of which were disclosed on 11 February 2014.

Specifically, as a result of the decline in the value of the collateral supporting the Repo Agreements due to the recent steep decline in the Company's share price, Mr. Hines was forced to fulfill a substantial portion of the payment obligations under the Repo Agreements on 04 April 2014. In order to satisfy these obligations, Mr. Hines used the proceeds from the sale of 2,558,067 Shares, sold at an average price per share of approximately US$0.16 (0.10p*), along with additional personal cash, to satisfy these obligations and repurchase 1,634,850 Shares at a price per share of US$0.35 (0.21p*).

Following the completion of the transactions described above, Mr. Tony Hines beneficially owns 5,534,260 ordinary shares or 3.37% of the outstanding share capital of Company on a non-diluted basis; and has a remaining outstanding balance under his remaining Repo Agreement equivalent to approximately US$205,000.
Posted at 14/11/2014 09:20 by p@
Remind you of Qpp?

MAPLE ENERGY PLC

("Maple" or the "Company")

Notification of Transactions By Directors and Persons Discharging Managerial Responsibility Shareholding

Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, was notified on 04 April 2014, that Mr. Tony Hines, the Company's Senior Vice President and Executive Director, was forced to execute several trades involving the Company's shares (the "Shares") in order to satisfy certain unexpected obligations under his outstanding sale and repurchase agreements (the "Repo Agreements"), details of which were disclosed on 11 February 2014.

Specifically, as a result of the decline in the value of the collateral supporting the Repo Agreements due to the recent steep decline in the Company's share price, Mr. Hines was forced to fulfill a substantial portion of the payment obligations under the Repo Agreements on 04 April 2014. In order to satisfy these obligations, Mr. Hines used the proceeds from the sale of 2,558,067 Shares, sold at an average price per share of approximately US$0.16 (0.10p*), along with additional personal cash, to satisfy these obligations and repurchase 1,634,850 Shares at a price per share of US$0.35 (0.21p*).

Following the completion of the transactions described above, Mr. Tony Hines beneficially owns 5,534,260 ordinary shares or 3.37% of the outstanding share capital of Company on a non-diluted basis; and has a remaining outstanding balance under his remaining Repo Agreement equivalent to approximately US$205,000.
Posted at 03/10/2014 09:26 by the stigologist
looks like he was bottom fishing from 10p down

i.e. a full 400% higher than todays price

pmsl

Maple Oil...newcomer today....84p now Ј1 to buy...> - MPLE

Loverat - 07 Aug 2014 - 16:31:47 - 1037 of 2886

Last sale there (46,772) bought earlier at 10.69p. A nice loss of 400 quid.


Maple Oil...newcomer today....84p now Ј1 to buy...> - MPLE

Loverat - 05 Aug 2014 - 12:48:42 - 828 of 2886

Indeed they do. Whether a bid comes off or not, these are good value and there are likely to be some positive announcements in the future. It is amazing the way the share price has been moved around though and this has created an opportunity bid or no bid.
Posted at 30/9/2014 11:07 by moreforus
cantrember ...dont think he has happily got out...think he has been forced to get out....of course he isnt named here but its not exactly an outlandish conclusion to think its him!!!

"
Share price



The Company is aware that the share price has declined sharply in recent weeks. As explained above the Company is currently facing adverse market conditions in its ethanol business. However the Company's share price is also being affected by the forced liquidation of a large shareholder's holdings in Maple. The Company has been advised that this shareholder's position is forcibly being sold in connection with outstanding debt obligations of the shareholder and is not related to the Company's operations or performance."

that was from the 14th Feb 2014 update when the price was 16p??

!!
Posted at 22/9/2014 15:57 by moreforus
why not??

well he has been selling for ages...before the "approach" rns - and given his size of selling and regularity he effectively has destroyed his own market....

however although not named I don't think it's a huge leap of faith to see him as the distressed seller they mentioned in the Feb 2014 rns

Share price



"The Company is aware that the share price has declined sharply in recent weeks. As explained above the Company is currently facing adverse market conditions in its ethanol business. However the Company's share price is also being affected by the forced liquidation of a large shareholder's holdings in Maple. The Company has been advised that this shareholder's position is forcibly being sold in connection with outstanding debt obligations of the shareholder and is not related to the Company's operations or performance"
Posted at 26/8/2014 15:55 by oldtown
Oh dear "It" Appears on the thread BR?

meanwhile ScatThmomas QPP gains in his own words. pmsl

SHARE PRICE 40p
AThomas - 04 Apr 2014 - 15:50:42 - 12155 of 27622
Can you smell burning? Will stink even more shortly.

SHARE PRICE 37p
JAThomas - 11 Apr 2014 - 14:54:07 - 13151 of 27622 QPP
Why would anyone want to short QPP? I'm confused? Surely there
are
better targets out there?

SHARE PRICE 25p
JAThomas - 14 Apr 2014 - 11:20:46 - 13290 of 27622
Shake rattle & roll

shareprive 23p
JAThomas - 22 Apr 2014 - 13:40:23 - 14218 of 27622
Those are some serious allegations - QPP need to get an RNS out
pronto
Posted at 20/8/2014 08:22 by cantrememberthis2
Takeover approach was initiated when the share price sat at 9p.

Any offer below this is not feasible as share price movements since then should become irrelevant to a bidder/maple because it a highly price sensitive and volatile period.

It is all unclear but going by hard facts the factors hurting them are low Ethanol prices and stupidly high production/company costs.

the other thing is, they have interested parties and that is a slight comfort.

They only sellers here are Private Investors who are contributing to the demise of their own investments lol.

hold.
Maple Energy share price data is direct from the London Stock Exchange

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