Acacia Mining Share Discussion Threads

[cdrnet] 11/1/2006 21:46

I wrote mine off against last years gains to avoid CGT. The local IR office gave me a form to sign which basically stated that I had accepted them as a full write off and in the unlikely event of them reappearing with some value, at some future date, I would inform them and pay whatever I had offset. Apparently not a big deal and quite common.

[b14] 11/1/2006 09:22

should we not have been issued a new share cert ? i hold mine in a nominee account and have heard nothing.

[jotoha1] 10/1/2006 16:14

They have delisted and are now a private company , limited by shares, there was a consolidation, something like 10000 to1, never know, might be worth something some day!

[ianrossbus] 10/1/2006 15:50

can someone tell me what the current state of play is with ACA shares. I appreciate that they were consolidated ( I had £16k worth at the time !!!) and that I can no longer trade them. Can I set them as losses against CGains or not as they are technically still a company and have not declaired bankruptsy. Thanks in advance Ian.

[desert orchid] 09/1/2006 09:54

CanArgo Energy Corporation: Kazakhstan Gas Contract Signed
Monday January 9, 3:28 am ET


ALMATY, Kazakhstan--(BUSINESS WIRE)--Jan. 9, 2006--CanArgo Energy Corporation("CanArgo") (AMEX:CNR (OSE:CNR)) today announced that its Kazakh subsidiary, BN Munai LLP ("BNM"), has executed a natural gas supply contract with Gaz Impex S.A. LLP ("Gaz Impex") relating to gas sales from BNM's Kyzyloi Gas Field in Kazakhstan. CanArgo also reported on the recent test results from the Kyzyloi Field.




The gas supply contract, which has a term until June 2014, is based on a take-or-pay principle and covers all gas produced from the Kyzyloi Field Production Contract area. Gas will be supplied to Gaz Impex at a tie in point on the Bukhara-Urals gas trunkline some 52 kilometres (32.5 miles) east of the Kyzyloi Field. The price of gas to be supplied at the tie in point averages $32 per thousand cubic metres ($1.13 per thousand cubic feet) over the life of the contract, with Gaz Impex providing bank guarantees against payment. CanArgo believes that this is one of the first take-or-pay contracts signed in Kazakhstan for a dedicated dry gas development. Gaz Impex is one of the leading gas marketing companies in Kazakhstan and is currently involved with gas purchase and supply contracts both within Kazakhstan and in surrounding countries.

The Kyzyloi Field Contract covers a 287 square kilometre (70,918 acre) area in southern Kazakhstan some 65 kilometres (41 miles) to the north of the border with the Karalkalpak region of Uzbekistan and 55 kilometres (34 miles) to the north-west of the Aral Sea. The field contains sweet natural gas (97% methane) reservoired in shallow sandstones at a depth of approximately 500 metres (1,640 feet). BNM is involved in an extensive workover and testing program of wells on the field, with the most recent well, KYZ106 now having been fully tested achieving a stabilised flow rate of 241,000 cubic metres (8.5 million cubic feet) of dry gas per day on a 30 mm (75/64th inch) choke with a flowing tubing head pressure of 16 atmospheres (228 psig). One further well remains to be tested for the initial development. Six wells have been tested to date which have flowed at a cumulative rate of 687,000 cubic metres (24.3 million cubic feet) of gas per day. A 60 kilometre (37 mile) pipeline will be constructed to connect the Kyzyloi development to the Bukhara-Urals gas trunkline, with the initial planned production rate being 500,000 cubic metres (17.7 million cubic feet) per day. However, the results of the testing on the field to date has lead BNM to believe that by utilising early compression this initial production rate can be increased significantly. If early compression is used it would be expected to commence gas production at these better rates this summer, following delivery of the compressors.

Exploration drilling to date is proving that there is significant additional potential both in the Kyzyloi Field and in its surrounding Akkulka exploration contract area. As such the pipeline and associated facilities are being designed for up to 2.2 million cubic metres (78 million cubic feet) per day of gas production. The ongoing exploration program in this area has resulted in two new shallow gas discoveries having already been made at the AKK04 exploration well and at AKK05 (now named North-East Kyzyloi). Testing has now been completed at AKK05 where the main reservoir interval flowed gas at a rate of 223,000 cubic metres (7.9 million cubic feet) of gas per day, with gas also being tested from a thinner upper sandstone interval. One other exploration well remains to be fully tested while the AKK02 well is currently drilling, which will be followed by AKK01 well.

Dr David Robson, Chairman, President and CEO of CanArgo and Director of BN Munai commented, "I am extremely pleased to have signed this gas contract for Kyzyloi with Gaz Impex. This contract gives us the commercial security to move ahead with this field development and establish cash flow in our Kazakh projects. The Kyzyloi Field is shallow with dry sweet gas and therefore relatively cheap to develop, and this contract should allow us to establish a good position in the Kazakh gas market which we hope will develop in the future. The test results from Kyzyloi and our exploration successes show that there is significant additional upside in the area and the development of the Kyzyloi infrastructure will allow us to exploit this. It is important to establish a position as a gas producer in Kazakhstan, and we are very pleased to be working with Gaz Impex with whom we have plans for further co-operation in the Kazakh gas market."

Mr. Aibek Baizakov, General Director of Gaz Impex commented "We are very happy to have executed this gas purchase agreement, and we are looking forward not just to the successful operation of this contract, but to further co-operation with CanArgo, under the terms of our Memorandum of Understanding, both in Kazakhstan and in other parts of Central Asia."

CanArgo is an independent oil and gas exploration and production company with its oil and gas operations currently located in the Republic of Georgia and in Kazakhstan.

The matters discussed in this press release include forward-looking statements, which are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward-looking statements. Such risks, uncertainties and other factors include the uncertainties inherent in oil and gas development and production activities, the effect of actions by third parties including government officials, fluctuations in world oil prices and other risks detailed in the Company's reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission. The forward-looking statements are intended to help shareholders and others assess the Company's business prospects and should be considered together with all information available. They are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company cannot give assurance that the results will be attained.

A registration statement relating to a proposed secondary offering of shares of the Company's common stock has been filed with the United States Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.



Contact:
CanArgo Energy Corporation
Julian Hammond
Investor Relations Manager
[phone]
Fax: [phone]
E-mail: [e-mail]
or
Gambit H&K AS
NORWAY
Regina Jarstein
[phone]
or
CEOcast.com
USA
Michael Wachs
[phone]

--------------------------------------------------------------------------------
Source: CanArgo Energy Corporation

[bilpri] 28/11/2005 13:25

Hi Dunc are you well? Have a good thanksgiving?

[desert orchid] 28/11/2005 13:05

November 28, 2005 - Almaty, Kazakhstan - CanArgo
Energy Corporation (`CanArgo`) (OSE:CNR,
AMEX:CNR) today announced that the second
exploration well of the Akkulka exploration
program in Kazakhstan has been successfully
tested as a second new gas discovery

--------------------------------------------------------------------------------

November 28, 2005 - Almaty, Kazakhstan - CanArgo
Energy Corporation (`CanArgo`) (OSE:CNR,
AMEX:CNR) today announced that the second
exploration well of the Akkulka exploration
program in Kazakhstan has been successfully
tested as a second new gas discovery.

The AKK05 well tested dry gas at a stabilised
rate of 100,000 cubic metres (3.53 million cubic
feet) per day on a 24 mm (60/64 inch) choke with
a flowing tubing head pressure of 13 atmospheres
(191 psig) using 73mm (27/8 inch) tubing. The
AKK05 accumulation is located some 6.5
kilometres (4 miles) north of the Kyzyloi Gas
Field.

Last week CanArgo announced that the first
exploration well to be tested, AKK04, flow
tested at stabilised rates of up to 90,000 cubic
metres (3.18 million cubic feet) of dry gas per
day on a restricted choke discovering a new gas
deposit located some 20 kilometres (12.5 miles)
east of the Kyzyloi Field.

The third exploration well in the program,
AKK03, is cased and awaits testing as part of a
co-ordinated testing program involving both
exploration wells on the Akkulka block and
development wells on the Kyzyloi Gas Field, with
two more exploration wells planned to be drilled
before year-end. The cost of each well is
approximately $500,000-$600,000 and they are
being drilled on a turnkey basis.

These discoveries have established new shallow
gas deposits within the Akkulka Exploration
Contract Area which surrounds the Kyzyloi Gas
Field, and further proves the
geological/geophysical model for these
exploration targets which are identified as
amplitude anomalies on seismic data. It is the
intention to tie in these new discoveries to the
Kyzyloi development, where first gas is
currently planned for the end of Q2 2006.

Chairman and CEO, Dr. David Robson, commented,
`We are delighted by the success of this second
exploration well in Kazakhstan and at the quick
progress this program is making. These
discoveries should significantly increase the
potential of our shallow gas development project
in Kazakhstan.`

CanArgo is an independent oil and gas
exploration and production company with its oil
and gas operations currently located in the
Republic of Georgia and in Kazakhstan.

The matters discussed in this press release
include forward-looking statements, which are
subject to various risks, uncertainties and
other factors that could cause actual results to
differ materially from the results anticipated
in such forward-looking statements. Such risks,
uncertainties and other factors include the
uncertainties inherent in oil and gas
development and production activities, the
effect of actions by third parties including
government officials, fluctuations in world oil
prices and other risks detailed in the Company`s
reports on Forms 10-K and 10-Q filed with the
Securities and Exchange Commission. The forward-
looking statements are intended to help
shareholders and others assess the Company`s
business prospects and should be considered
together with all information available. They
are made in reliance upon the safe harbor
provisions of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The
Company cannot give assurance that the results
will be attained.

A registration statement relating to a proposed
secondary offering of shares of the Company`s
common stock has been filed with the United
States Securities and Exchange Commission but
has not yet become effective. These securities
may not be sold nor may offers to buy be
accepted prior to the time the registration
statement becomes effective. This press release
shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there
be any sale of these securities in any state or
other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to
registration or qualification under the
securities laws of any such state or other
jurisdiction.

For more information please contact:

CANARGO ENERGY CORPORATION

Julian Hammond, Investor Relations Manager
Tel: [phone]
Fax: [phone]
e-mail: [e-mail]

NORWAY
Regina Jarstein
Gambit H&K AS
Tel: + 47 95213451

USA
Michael Wachs
CEOcast.com
Tel: [phone]

[desert orchid] 23/11/2005 14:58

Development

The Ninotsminda Field horizontal well N100H2 has been tested for approximately one week and has tested at a rate of up to 370,000 cubic metres (13.07 million cubic feet) of gas per day plus 301 barrels of condensate per day (a total of 2,480 barrels oil equivalent(1)) on a 25 mm (63/64 inch) choke with a flowing tubing head pressure (FTHP) of 70 atmospheres (1,000 psig). The well was drilled by CanArgo using its own rig and equipment while utilising directional equipment and services provided by Baker Hughes. The well is a horizontal sidetrack from an existing well bore in the Middle Eocene reservoir at approximately 2,640 metres (8,659 feet) TVD (True Vertical Depth). The horizontal section extends some 508 metres (1,667 feet) in the central area of the field and a pre-perforated production liner has been run over a 433 metre (1,421 feet) interval furthest from the original well bore. The horizontal section is located in the uppermost part of the oil zone, close to the gas-oil contact, and a permeable interval was encountered in the build up section within the lower part of the gas cap. It is expected that the proportion of liquid hydrocarbon production will rise over time.

Gas is a scarce resource in Georgia with the current domestic consumption requirements being met by imports from Russia, who we understand have recently announced their intention to significantly increase prices. CanArgo has opened discussions with the government to supply this gas to the local State-run thermal electricity generating station and expects a contract to be agreed within the next two months.

Operations have commenced on the next horizontal sidetrack well on the Ninotsminda Field, N97H. This well will take longer to complete than the N100H2 well as it is located on the northern flank of the field and it will be necessary to first sidetrack the well towards the crest of the field before the horizontal section can be drilled through the reservoir in a westerly direction along the crest of the structure. Results from N97H are expected in January 2006.

Kazakhstan

Exploration

In Kazakhstan, the first exploration well in the Akkulka exploration program has been successfully completed as a new field gas discovery.

Testing is still ongoing on AKK04 well which has to date been flow tested at stabilised rates of up to 90,000 cubic metres (3.18 million cubic feet) of dry gas per day on a 17 mm (43/64 inch) choke with a FTHP of 24 atmospheres (343 psig). Based on current pressure and flow data, under optimal conditions and using larger production tubing, an open hole flow potential of some 175,000 cubic metres (5 million cubic feet) per day has been estimated. This discovery has the potential to significantly increase our proved gas reserves within the Akkulka exploration area which surrounds the Kyzyloi Gas Field, and further proves the geological/geophysical model for these exploration targets.

Two other exploration wells on separate structures have already reached total depth (AKK03 and AKK05) and are cased and await testing as part of a co-ordinated testing program, with two more to be drilled before year-end. In both AKK03 and AKK05 wireline logs indicate the presence of gas bearing sands in the wells, although the sand interval is thinner in the AKK03 well.

Work is also now completed on a geophysical remapping of the Akkulka exploration block. This work has confirmed the presence of several shallow gas prospects (currently being drilled in the exploration program), and also some potentially large prospects at

Jurassic / Triassic level. Regional geological studies predict that these deeper prospects would be likely to have potential for gas condensate or oil.

In addition to the above, CanArgo's Kazakh subsidiary BN Munai LLP ("BNM") has now completed (subject to final registration) the acquisition of a 100% interest in the Greater Akkulka contract. This contract, which is for a period of 25 years, with an initial 6 year exploration period, covers an area of approximately 10,000 square kilometres (2.5 million acres) surrounding the Akkulka exploration area in the North Ustyurt basin to the north east of the Aral Sea. BNM considers the Greater Akkulka area has significant exploration potential, with extensions of both the shallow gas exploration targets and the deeper Mesozoic plays. This large area within a proven hydrocarbon system, has potential towards the south and east (towards the Aral Sea), where the Paleogene sand sequence is predicted to become thicker and better quality, and towards the west and north-west where potential may exist for stratigraphic and pinch-out plays.

Development

This exploration program is being carried out in conjunction with a development program on the existing proven reserves of the Kyzyloi Field.

A new development well, KYZ107, is currently testing at a rate of 95,000 cubic metres (3.36 million cubic) feet on a 17mm choke (43/64 inch).

As a summary so far on the other Kyzyloi Field development wells (these wells have been tested at different choke sizes due to mechanical constraints):

KYZ105 was tested at 50,000 cubic metres (1.77 million cubic feet) of gas per day on an 8 mm (20/64 inch) choke (this was a sub-optimal test due to a leaking packer);

KYZ102 was tested in excess of 120,000 cubic metres (4.24 million cubic feet) of gas per day on a 20 mm (60/64 inch) choke; and

KYZ104 was tested at 96,000 cubic metres (3.4 million cubic feet) of gas per day on a 16 mm (40/64 inch) choke.

In addition well KYZ103 was tested in 1995 at a rate of 86,000 cubic metres (3.03 million cubic feet) per day of gas on a 13 mm (33/64 inch) choke.

Two further wells are to be tested for the initial field development in which a 60 km (37.3 mile) pipeline is planned to tie the field to the main Bukhara-Urals gas trunkline. A long-term gas offtake agreement is currently under negotiation, with first gas expected at the end of Q2 2006, with an initial plateau rate of 500,000 cubic metres (17.7 million cubic feet) of gas per day. CanArgo also recently announced the execution of a Memorandum of Understanding covering co-operation in the gas sector in Kazakhstan with Gaz Impex

S.A., one of the leading Kazakh based companies involved in gas marketing.

CEO Dr. David Robson commented, "It is an extremely busy time for us in all the areas of development, appraisal and exploration. In Georgia it is very good news on the exploration front that we appear to have reached the primary Middle Eocene target in the MK72 Norio exploration well. A major part of the risk in this well was reaching this target. We look forward to reaching TD before year-end. On appraisal the re-scheduling of the acidisation on the M11Z appraisal well is frustrating but we want to ensure that we execute this process successfully, and if this means waiting for the best equipment for the procedure then so be it. We are working hard on negotiations for an immediate gas contract in Georgia to take best advantage of the high rates we are now producing from the N100H2 horizontal well and expect this to be concluded by year-end. In Kazakhstan, this first exploration success is excellent news, along with another development well also testing successfully, and builds on what we have already achieved on the development side. We look forward to continuing success here through to year-end and with the identification of additional prospectivity in the Akkulka block next year should bring us not only first gas, but move towards exploring this significant potential. The acquisition of the Greater Akkulka exploration area significantly increases our acreage position in an extremely attractive basin adjacent to our existing field and new discovery. This firmly establishes CanArgo's position in Kazakhstan, building on our work there, and gives us real opportunities in one of the world's largest hydrocarbon provinces."

CanArgo is an independent oil and gas exploration and production company with its oil and gas operations currently located in the Republic of Georgia and in Kazakhstan.

[americanmoni] 11/11/2005 20:04

ACA says "Canargo have found nothing as of yet with our old licenses."

Canargo says "On the Kyzyloi Field three wells have been tested to date, namely the KYZ105, KYZ104 and KYZ102 wells. Well KYZ105 was perforated and flowed gas at a rates of up to 1.77 million cubic feet (50,000 cubic metres) per day on an 20/64 inch (8
mm) choke. The KYZ104 well flowed gas at a rate of 3.39 million cubic feet (96,000 cubic metres) per day on a 40/64 inch (16 mm) choke while well KYZ102 flowed gas at a rate in excess of 4.24 million cubic feet (120,000 cubic metres) per day on a 60/64 inch (20 mm) choke. All three wells are now shut in waiting for the installation of field development equipment."

It makes you wonder what is the truth? I wonder what Seeds would say?

[cda] 11/11/2005 07:38

I'm shocked that you guys are still posting here!

[desert orchid] 10/11/2005 04:12

CNR
In Kazakhstan, our Kyzyloi Gas Field development project and further exploration in the surrounding area is progressing well. The Kyzyloi Gas Field is located within the Akkulka exploration block, a 411,749 acres (1,667 km2) area located in the North Ustyurt basin in western Kazakhstan, just to the west of the Aral Sea.
On the Kyzyloi Field three wells have been tested to date, namely the KYZ105, KYZ104 and KYZ102 wells. Well KYZ105 was perforated and flowed gas at a rates of up to 1.77 million cubic feet (50,000 cubic metres) per day on an 20/64 inch (8
mm) choke. The KYZ104 well flowed gas at a rate of 3.39 million cubic feet (96,000 cubic metres) per day on a 40/64 inch (16 mm) choke while well KYZ102 flowed gas at a rate in excess of 4.24 million cubic feet (120,000 cubic metres) per day on a 60/64 inch (20 mm) choke. All three wells are now shut in waiting for the installation of field development equipment. Three further wells are to be tested for the initial field development in



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Table of Contents
which a 37.3 mile (60 km) pipeline is planned to tie the field to the main Bukhara-Urals gas trunkline. A long-term gas offtake agreement is currently under negotiation, with first gas expected in Q2 2006, with an initial plateau rate of 17.7 million cubic feet (500,000 cubic metres) per day.
On October 6, 2005 we announced the execution of a Memorandum of Understanding covering co-operation in the gas sector in Kazakhstan with Gaz Impex S.A., one of the leading Kazakh based companies involved in gas marketing. The Akkulka Block exploration program is continuing, with a further two year extension having now been agreed by the Expert Commission. Currently three of the five planned exploration wells have reached Total Depth (TD) (AKK03 - TD 2,461 feet (750 metres), AKK05 - TD 2,215 feet (675 metres) and AKK04 - TD 1,969 feet (600 metres)). These well are being drilled on seismic anomalies which we have identified on modern seismic data in our acreage surrounding the Kyzyloi Field and are analogous to the Kyzyloi structure. In all three wells gas shows have been observed while drilling and wireline logs indicate the presence of gas bearing sands in the wells. The AKK03 and AKK05 wells are cased and casing is being run in the AKK04 well. Testing has commenced but is not yet completed on any well as such testing is being undertaken as part of a co-ordinated testing programme including the Kyzyloi Field development wells. This co-ordinated approach is both cost-effective and assists in logistics operating in this area. On October 6, 2005 we announced that our Kazakh subsidiary BN Munai LLP had signed with the Minister of Energy and Mineral Resources of Kazakhstan, the Parliament of Kazakhstan, and in conjunction with the major operating companies in Kazakhstan, a Memorandum of Understanding on Extractive Industries Transparency Initiative.
The seismic reprocessing and interpretation project on the Akkulka contract area is on schedule. The existing seismic data is being reprocessed with the objective of improving the resolution at depth in an attempt to firm up deeper prospects. A number of potential structures have already been identified. We believe that these prospects have potential to be similar to the reported large gas condensate fields just to the south in Uzbekistan which lie along the same structural trend. Based on the results of the interpretation of the reprocessed date, we may include a deep exploration well in our plans for 2006. Work is continuing to finalise the acquisition of the exploration contract for the Greater Akkulka area, an area of approximately 10,000 km2 (10.9 million acres) surrounding the Akkulka Block where we are currently conducting our exploration drilling program. We believe that this area has substantial exploration potential. We have also submitted an application for two further areas in the recent Kazakh licensing round and expect that the winners will be announced in the early part of 2006

[desert orchid] 17/10/2005 17:53

ATLANTIC CASPIAN RESOURCES PLC
Form: 15-12G Filing Date: 10/17/2005
Format: HTML RTF Excel Original PDF


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF


THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number 0-29910

ATLANTIC CASPIAN RESOURCES PLC
(Exact name of registrant as specified in its charter)

TERNION COURT, 264-268 UPPER FOURTH STREET, CENTRAL MILTON KEYNES,
MK9 1DP UNITED KINGDOM (TELEPHONE: [phone])

--------------------------------------------------------------------------------

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

AMERICAN DEPOSITARY RECEIPTS REPRESENTING ORDINARY SHARES
(Title of each class of securities covered by this Form)

N/A

--------------------------------------------------------------------------------

(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)
Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:

Rule 12g-4(a)(1)(i) |_| Rule 12h-3(b)(1)(i) |X|
Rule 12g-4(a)(1)(ii) |_| Rule 12h-3(b)(1)(ii) |_|
Rule 12g-4(a)(2)(i) |_| Rule 12h-3(b)(2)(i) |_|
Rule 12g-4(a)(2)(ii) |_| Rule 12h-3(b)(2)(ii) |_|
Rule 15d-6 |_|




Approximate number of holders of record as of the certification or notice
date: FIVE

Pursuant to the requirements of the Securities Exchange Act of 1934 ATLANTIC CASPIAN RESOURCES PLC has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.

Date: May 10, 2005 By: /s/ Charles Helvert
---------------------------
(Charles Helvert, director)




Instruction: This form is required by Rules 12g-4, 12h-3 and 15d-6 of the General Rules and Regulations under the Securities Exchange Act of 1934. The registrant shall file with the Commission three copies of Form 15, one of which shall be manually signed. It may be signed by an officer of the registrant, by counsel or by any other duly authorized person. The name and title of the person signing the form shall be typed or printed under the signature. SEC 2069 (12-04)

[canford cliffs] 09/10/2005 21:30

oh well, thanks..................

[bilpri] 09/10/2005 12:03

there is no market in the shares at present, as they are not listed, and we are a private company. was the answer to that one cc.

[canford cliffs] 09/10/2005 11:41

bil.............did you ask about a possible market in the shares? at present they are worthless other than wallpaper, but you'd have thought by now the company would have got round to arranging a market for no other reason than it would save them the trouble of sending great rafts of paperwork to a few hundred investors with less than a thousand shares between them!

[cdrnet] 09/10/2005 09:15

So we are still unable to write off our ACA losses against gains then..............

[bilpri] 08/10/2005 12:25

Well the AGM was well attended the sum total of shareholders was me!! So all motions were passed, I asked the board that being the only shareholder there, did it mean I could vote them all off!! they said no(not suprisingly) Basicly the company is doing nothing right now, but we have got 3mil dollars in the bank,which we are going to use to start new ventures in eastern asia!! Kaz etc!! we are net free of debt. The cargo port, in wherever, is only a feesability study by a company that we own, called atlantic caspian. Canargo have found nothing as of yet with our old licenses. The board hope to have a special agm to announce new ventures befor the next due one.

(bradwell)

[undertaker] 08/10/2005 10:09

yes please.

Is ACA dead and buried or is there still some kind of hope?

[canford cliffs] 08/10/2005 07:37

many thanks bilpri.................the agm info would be good to hear

[bilpri] 08/10/2005 00:28

or was it chris pope!! one or the other!!!

[bilpri] 07/10/2005 20:25

It was Nick Pope of the Telegraph (brad)

I was at agm today for aca, if anyone is interested I will post a brief outcome later!!!

[canford cliffs] 06/10/2005 19:51

guys.......can anybody remember the journalist who was looking at this case - I've got a situation on RTD, who have just been the subject of market manipulation, probably know by the company and would like it investigated...........Stevie, I seem to remember you got him to call me so if you still have his number..............thanks.

CC

[desert orchid] 06/10/2005 14:28

In Kazakhstan, our Kyzyloy gas field development project and further exploration in the surrounding area is progressing well.

On the Kyzyloy Field two wells have been tested to date, namely the KZY105 and KYZ102 wells. Well KYZ105 was perforated and flowed gas at a rates of up to 50,000 cubic metres (1.77 million cubic feet) per day on an 8 mm (20/64 inch) choke, and is now shut in waiting for the installation of field development equipment. Well KYZ102 is currently flowing gas at a rate in excess of 120,000 cubic metres (4.24 million cubic feet) per day on a 20 mm (60/64 inch) choke. Five further wells are to be tested for the initial field development in which a 60 km (37.3 mile) pipeline is planned to tie the field to the main Bukhara-Urals gas trunkline. A long-term gas offtake agreement is currently under negotiation, with first gas expected in Q2 2006, with an initial plateau rate of 500,000 cubic metres (17.7 million cubic feet) per day. CanArgo also announced the execution of a Memorandum of Understanding covering co-operation in the gas sector in Kazakhstan with Gaz Impex S.A., one of the leading Kazakh based companies involved in gas marketing.

The Akkulkovsky exploration programme is continuing, with a further two year extension having now been agreed by the Expert Commission. Currently two of the five planned wells have reached total depth (AKK03 and AKK05), and the third (AKK04) is currently drilling towards the target reservoir. In both AKK03 and AKK05 wireline logs indicate the presence of gas bearing sands in the well. Both wells are cased and await testing as part of a co-ordinated testing programme including the Kyzyloy Field development wells. This co-ordinated approach is both cost-effective and assists in logistics operating in this area, and the first test on these wells is planned within the next 10 days.

In addition CanArgo's Kazakh subsidiary BN Munai LLP has signed with the Minister of Energy and Mineral Resources of Kazakhstan, the Parliament of Kazakhstan, and in conjunction with the major operating companies in Kazakhstan a Memorandum of Understanding on Extractive Industries Transparency Initiative.

Rgds Dessie