Amati Vct Share Discussion Threads

[drago] 04/11/2005 10:31

recent news , directors wives have been buying ati shares.

[stevie blunder] 08/3/2005 11:59

Thanx Buffin, that's the one

[buffin] 08/3/2005 00:25

There was a big news release yesterday -

[crystalclear] 08/3/2005 00:21

Stevie Blunder
This is what I found on the OFEX site.
I don't think it is what you intended. If you could provide a direct link I'd be grateful.


ATI OIL PLC NEWSTRACK OFEX PROFILE 29/11/2004

ATI Oil Plc ("ATI") is a UK registered oil and gas exploration company with
its head office in London and a project office in Rome, Italy.

ATI holds a 50% interest in 16 licences and applications ("the Licences") in
both onshore and offshore Italy, Europe's third largest producer of oil and
gas. As an indication of the scale of this tremendous position, the Licences
cover a prospective area of approximately 8450 sq km, the size of over 40
North Sea blocks. ATI's partner in Italy is Northern Petroleum (UK) Limited, a
wholly owned subsidiary of AIM listed Northern Petroleum Plc ("Northern"),
which is the operator of, and owns the remaining 50% interest in, the
Licences. ATI and Northern now hold the largest area of exploration acreage of
any UK companies operating in Italy.

The key licences on which ATI and Northern will initially focus will be those
in the highly productive Po Basin on which there are 7 gas prospects and
leads, together with the 3 offshore licences considered to have the highest
upside potential.

Source: The Company

[drago] 07/3/2005 11:30

i added last week.
re nop, yes they are slow. but they dont throw our cash about them like some companies.
nop have gone from 2p to 10 over the last 4 years. and im
happy to hold a pile of those too.

[stevie blunder] 07/3/2005 11:14

Crystalclear,

Doh, I post on a thread and then don't put it on my favourites, so I never saw your post till now.....

Sorry if I seemed rude not replying!

ATI are worth 9.1 million according to Ofex. They have a brochure about their prospects out today and available on Ofex.com, which puts a subjective value on the prospects of 80 million, ATI have half. It should be on the website soon.


My main worry is thet the operator of the licences is Northern who have not covered themselves in glory actually getting holes in the ground. I hope they have the management time to drive Italy forward.

Tempted to add some when funds become available

cheers

steve

[crystalclear] 11/2/2005 01:11

You're in ahead of me. I've no cash, that's the only reason.
Hello and welcome!

Any idea what ATI are worth?
Are there some smaller assets I should ignore and some more valuable ones I should concentrate on?

[stevie blunder] 10/2/2005 19:20

This looks like a better thread......

Got a few today at 9.35p.

The discovery on the adjacent block by Grove should be positive, as was the way Grove partially funded the exploration well, - by selling forward some of the gas it hoped to find, and giving a local gas company first rights to buy the field output.






Looks like I am in ahead of the crowd ;-))

steve

[sagem] 09/12/2004 12:01

ON THE OFEX MARKET


New OFEX Company ATI Oil Eyes Neglected Italian Oil And Gas Riches
ATI Oil, which was spun out of AIM-quoted Northern Petroleum and offers investors exposure to Italy's oil and gas sector, has joined London's OFEX market buoyed by the proceeds of a private placing. The £500,000 fundraising, completed prior to the float, will be used to fund the start-up's costs over the next 18 months.

Northern decided to spin off its Italian assets after it received approaches from a number of European investors keen to secure a foothold in Italy, which is Europe's third largest producer of oil and gas. Northern, an onshore UK player now gearing up for a two-well drilling programme on the Isle of Wight, saw the opportunity to create a separate company specifically holding its Italian interests. Northern will hold 38.72 per cent of ATI's enlarged ordinary share capital and the new company's board includes chairman Derek Musgrove, managing director of Northern, finance director Christopher Foss, currently financial controller and company secretary of Northern, plus technical director Barry Lonsdale, who has worked as an exploration geologist for 34 years and since 1987 has been a principal partner in Italmin Petroli S.r.L in Italy.

Northern has spent many years battling slow-moving Italian bureaucracy to secure its acreage position in Italy, which comprises some 8,450 sq km, equivalent to the size of 40 North Sea blocks. As a result of Northern's tenacity, ATI now holds a 50 per cent interest in 16 licences and applications both onshore and offshore Italy. The offshore areas could hold a billion barrel resource base yet have not been explored since the 1980s. And the onshore Po Valley acreage promises quick returns on investment: the company has identified seven prospects, each in the order of 60 to 100 billion cubic feet of gas, in a highly industrialised area with an existing network of pipelines.

"The activity for the immediate future will be to fast-track seven Po Valley gas prospects to the point of drilling and to undertake sufficient seismic reprocessing to fully establish the prospectivity of the three offshore licences with the highest upside potential," Musgrove told oilbarrel.com last month.

Musgrove believes these opportunities to be "greatly superior to most of those now being chased in the highly competitive North Sea environment".

In the meantime, Northern Petroleum has started site preparation on the Isle of Wight off the southern coast of England ahead of drilling the Sandhills-2 and Bouldnor Copse-1 wells. Both wells are targeting the Great Oolite formation, in which oil was discovered in 1982 by the BG-operated Sandhills-1 well. BG didn't test the well, however, because at that time the Oolite was not considered to be a viable reservoir in the area. Northern has developed a new interpretation of the Oolite, which has been verified by consultants, and reckons the Great Oolite in Bouldnor Copse will be a western extension of the structure at Sandhills.

Bouldnor Copse-1 will also target the deeper Sherwood Sandstone formation, which hosts the prolific oil producing reservoir at BP's Wytch Farm complex on the mainland. In the Bouldnor Copse-1 well, the Great Oolite formation could hold up to 15 million barrels of oil and the Sherwood Sandstone between 30 and 120 million barrels.
< back

[crystalclear] 03/12/2004 03:14

Just thought I'd start a thread for it.
I'll edit this later.

If you are going to trade this, make sure you don't buy
Automotive Precision Hldgs Plc (ATI)
by mistake. It also has the symbol ATI !

You can appreciate the confusion if you put this one on your monitor and then click financials. Watch where it takes you!



ATI OIL PLC ("ATI" OR "THE GROUP" OR "THE COMPANY")

COMMENCEMENT OF TRADING ON OFEX

The Directors of ATI Oil Plc are pleased to announce the commencement of
dealings, under the symbol ATI, in the ordinary shares of the Company on the
OFEX market at 8.00am this morning. The Company's principal activity is oil
and gas exploration in both onshore and offshore Italy. Prior to submission of
the application to join OFEX by way of an Introduction, the Company concluded a
private placing that raised GBP500,000, conditional upon acceptance of the
Company's application by OFEX. The Company therefore currently has working
capital of approximately GBP470,000, sufficient to cover 18 months working
capital requirements.

Upon admission there are 90,446,000 ordinary shares outstanding. In addition
there are 4,250,000 warrants over the Company's ordinary shares in issue at
exercise prices ranging from 5p to 12.5p.

On introduction, the Directors hold 53.54% of the total ordinary shares in
issue, split as follows:

------------------------------------------------------------------------
|Name |No. of Ordinary Shares of GBP0.0025 each|% shareholding|
------------------------------------------------------------------------
| | | |
|Derek Musgrove| NIL| 0.00%|
------------------------------------------------------------------------
| | | |
|Chris Foss | NIL| 0.00%|
------------------------------------------------------------------------
| | | |
|Barry Lonsdale| 48,008,000| 53.08%|
------------------------------------------------------------------------
| | | |
|Bruno Muller | 420,000| 0.46%|
------------------------------------------------------------------------

The only other shareholder with more than 3% of the Company's ordinary shares
is Northern Petroleum Plc ("Northern"), which at introduction has a direct
interest in 33,032,000 ordinary shares, representing 36.52% of the total shares
in issue. A further 1,986,000 ordinary shares are held by a Northern subsidiary
- in total the Northern Group holds 35,018,000 ordinary shares in ATI,
representing 38.72% of the shares in issue.

LICENCE INTERESTS

The Group holds a 50% interest in 16 licences and applications ("the Licences")
in both onshore and offshore Italy, Europe's third largest producer of oil and
gas. As an indication of the scale of this tremendous position, the Licences
cover a prospective area of approximately 8450 sq km, the size of over 40 North
Sea blocks. ATI's partner in Italy is Northern Petroleum (UK) Limited, a wholly
owned subsidiary of Northern Petroleum Plc, which is the operator of, and owns
the remaining 50% interest in, the Licences. ATI and Northern now hold the
largest area of exploration acreage of any UK companies operating in Italy.

The offshore areas, with perhaps a billion barrel prospectivity, are attractive
and being explored for the first time since the 1980's, but now with access to
modern deeper water technology.

ATI and Northern are also taking advantage of the de-monopolisation of the Po
Valley Basin and deregulation of the Italian markets at a time when computer
advances offer much greater abilities to handle and interpret seismic data.
There ATI is looking at seven prospects each in the order of 60 to 100 bcf of
gas underlying the highly industrialised northern part of Italy with an
existing network of pipelines.

The co-venturers have made no significant financial commitments as part of the
original Licence applications. A list of the Company's licence interests is
available on its website, www.ati-oil.com.

The Directors consider these opportunities greatly superior to most of those
now being chased in the highly competitive North Sea environment and look
forward to the future with confidence arising out of the quality of the
Company's holdings.

OPERATIONS UPDATE

Since submission of ATI's application to join OFEX, its co-venturer Northern
has announced that its wholly owned subsidiary, Northern Petroleum (UK) Limited
("NPUK"), has been advised that two offshore licences in which the Group holds
a 50% interest have been decreed following acceptance of the environmental
impact studies submitted by NPUK. The licences awarded have been renamed E.R51-
NP (formerly d92ER.-NP), which is located in the offshore Tiber Delta, and
C.R146.NP (formerly d344CR.-NP), located in the productive southeast Sicily oil
province up against the Italian - Maltese boundary.

STRATEGY

Italy is an attractive country in which to conduct an oil and gas exploration
and production enterprise. It is Europe's third largest producer of oil and gas
(after the UK and Norway), but significantly production is from a wide range of
geological settings.

There are five major hydrocarbon producing basins, of which the Po Basin and
Adriatic Sea have well developed gas pipeline infrastructures. Elsewhere, major
oil and gas fields are located on and offshore Sicily and in the southern
Apennines. The Company considers there to be prospectivity for the discovery of
oil fields in the 100 - 500 million barrel size range and gas fields up to 1
Tcf.

The Company believes that, since the oil discoveries made in the late 1980s,
there has been an excessive concentration on the Southern Apennine thrust area
and a virtual hiatus of effort in the southern offshore zones. Also, the recent
termination of the ENI monopoly over the Po Basin together with the opening up
of the Italian electricity generating market, presents an unusual opportunity
for the Company to benefit from reworking of the existing seismic data.

Use can now be made of powerful modern computer processing to speedily
reconstruct and map prospects. In some areas the shooting of modern offshore 2D
or 3D data is expected to confirm and to upgrade the prospects. In other areas
more recently developed drilling and completion technology could be utilised to
advantage in returning to old oil discoveries and plays.

The fiscal and licensing terms in Italy are also considered to be very
favourable within ATI's business model as a small oil and gas exploration
company.

o Annual rentals are only 5 euros per sq km;

o Licences can be applied for in an open area and as large as 750 sq km;

o Licences are awarded for an initial six year period, and it can be five
years before a firm obligation to drill is required;

o The existing offshore seismic data is available;

o There is a production royalty rising to only a maximum of 7%, (4% for
offshore oil) however no royalties are due on the first annual 20 million cubic
metres of gas and 20 million tons of oil;

o Italian source income is subject to both regional taxes and taxation on
corporate profits at rates of up to 35%.

The activity for the immediate future will be to fast-track seven Po Valley gas
prospects and leads estimated in total at over 500 billion cubic feet of gas
potential to the point of drilling, and to undertake sufficient seismic
reprocessing to fully establish the prospectivity of the three offshore
licences which have the highest upside potential.

Further licence applications, both onshore and offshore, can be expected. It is
also anticipated that the next twelve months will see a number of wells drilled
by other joint ventures in licenced areas adjacent to ATI's existing acreage.

Once the Company has progressed a number of its prospects to the point of
drilling, it intends to seek further funds to allow it to participate, without
dilution of its licence interests, in a multi-well drilling programme.

RISK FACTORS


The Group's oil and gas activities are subject to a range of risk factors, such
as liquidity and interest rate risk, currency risk and operational risks
including equipment failure, well blowouts, pollution, fire and the
consequences of bad weather. The Group's insurance policies will contain
overall limits and deductibles, which will be reviewed each year prior to
policy renewal.


ACCOUNTS


The Company's audited interim accounts to 30 June 2004, and audited balance
sheet to 15 October 2004 will be immediately available on the ATI Report and
Accounts section of the OFEX website, and in the investors section of the ATI
website. The Company has subsequently changed its year end to 30 April, so its
next Annual Report to shareholders will be for the period ended 30 April 2005.


DIRECTORS

DEREK RAYMOND MUSGROVE - CHAIRMAN

Derek Musgrove is currently the Managing Director of AIM listed Northern
Petroleum Plc, a position he has held for the last five years. He has
previously held senior managerial or board positions with RTZ Oil & Gas
Limited, Candecca Resources Plc, Plascom Plc, Anglo Scandinavian Petroleum Plc
and Bass Resources Limited. He has also acted as a consultant to a number of
oil and gas companies particularly in the areas of new projects and trading of
oil and gas properties, as well as pursuing personal interests in the natural
resources sector.

CHRISTOPHER JOHN FOSS - FINANCE DIRECTOR

Chris Foss is currently the Group Financial Controller and Company Secretary of
AIM listed Northern Petroleum Plc, positions he has held for the last two
years. He is a member of the Institute of Chartered Accountants in England and
Wales. Between 1998 and his joining Northern, Chris held various finance
positions with, and acted as a consultant to, energy related subsidiaries of GE
Capital, Bechtel Enterprises, United Techologies and Centrica Plc.

BARRY JAMES LONSDALE - TECHNICAL DIRECTOR

Barry Lonsdale has worked as an exploration geologist for thirty four years,
being on the well site for Conoco's Hutton and Murchison discoveries, and also
acted for Conoco as assistant manager in Italy and assistant vice president in
Gabon. After a subsequent period with BHP in London he has since 1987 been a
principal partner in a company with oil and gas interests in Italy,, while also
pursuing personal interests in the oil and gas sector. In addition he currently
acts as a geological consultant to Northern.

BRUNO JOSEF MUELLER - NON-EXECUTIVE DIRECTOR

Bruno Mueller has been involved in international banking for over thirty years.
He has held senior managerial or board positions with Banca del Gottardo,
Singer & Friedlander, Enzian Shipping, PBS Private Bank Switzerland and Bordier
& Cie. He also acted as a consultant to a number of shipping companies
particularly in the areas of new projects, finance and stock market flotations.
He is currently also involved with the European expansion of an international
financial group.


The Company's Corporate Adviser is St.Helen's Capital Plc.

Further information on the Company is available on its and website,

www.ati-oil.com.

[the knowing] 12/12/2003 23:27

Well with a NAV at nearly 16p I hope shareholders are given some money back !

[norad] 12/12/2003 11:27

agree Vanhalen, surely we all wont to do well out of shares not see people lose the lot!!!

[vanhalen] 12/12/2003 09:51

Sad reflection on you Jimtad when you have to laugh at other peoples misfortunes
w@nker !!!

[p-m] 04/9/2003 00:18

most things moving up now.....

[lokeyz] 28/8/2003 14:24

P-m, you too. do let me know when something comes through.
e-mail adrress is [e-mail].

[p-m] 22/8/2003 22:07

Lokeyz all manner of nonsense I won't even mention.. but if I spot anything new I will let you know... getting in early is the name of the game.. have a good break.

[lokeyz] 22/8/2003 15:29

Hi p-m.
there has been a lot of buy in during this week, not sure why it has not moved yet. Hope for better next week.
which ones are you in?

[p-m] 22/8/2003 11:11

Morning. Been watching ULT lots of buys and not much movement hopefully it will move up for you.

[lokeyz] 22/8/2003 07:30

Good Morning P-m. consistent buys and you will see this almost double in no time. I am in ULT. at the moment, thats another one with a lot of potential, lots of contracts secured.

[p-m] 21/8/2003 22:10

not a lot of replies there then lokeyz. Tomorrow might reveal all! any other shares?

[p-m] 21/8/2003 10:35

It is moving up and no trades are showing so are they being delayed? Could be a good find! after all low mkt cap and funding secured. Whats the the views of others?

[lokeyz] 21/8/2003 09:47

This is one that has slipped the radar, and is likely to head north.