Caza Oil & Gas Share Discussion Threads

[greatfull dead] 04/1/2016 08:35

Could todays spike here be something to with the Saudis screw up by executing Sheikh Nimr al-Nimr? Also the Saudi governments announcement on Sunday that it had broken off diplomatic ties with Iran

ATB,
GD

Edited.

[flyingbull] 30/12/2015 16:53

The monthly oil stock competition for January 2016 as well as the 2016 annual oil competition are now open for entries. Deadline for entries for both competitions is midnight on Sunday, 3 January 2016. All the best in 2016!!!

[doughty9] 25/12/2015 12:41

One thing we can be sure of though-

"Application has been made to the London Stock Exchange for the 9,467,419,937 Common Shares issued and sold to Talara to be admitted to trading on AIM, and admission is expected to become effective on December 31, 2015. These Common Shares will rank pari passu with the existing Common Shares in issue."

[mutantpoodle] 25/12/2015 09:30

thread here suggests it will be delisted but there is/are NO official announcements and one would be required
So whilst there may be truth in the rumour, its not immminent

[swerves1] 24/12/2015 19:41

No, not sure. But I understand that it will be soon

[jotoha2] 24/12/2015 15:55

New owners have 97% of equity , they do not need what is left in private hands , no further realistic market left here to trade.

[jpleight] 24/12/2015 14:16

Is it? Sure?

[swerves1] 24/12/2015 13:09

Can someone advise please: why are people buying here today if it's going to be delisted from AIM soon?

[optrade] 24/12/2015 08:59

on the LSE i believe and genuine guys.so all good. PXOG £1.5M CASH MKT CAP £550K

big hitters all over it .

smudgedan ‏@Smudgedann 19m19 minutes ago
Bought some PXOG. Was going to wait but seems to be a bit more interest.


PXOG buyers get in before the herd word is spreading.

Andy ‏@Blowster85
IRG - Rumours of a deal being done with PXOG in Tunisia...Interesting. WIll keep a close eye on this over next few trading days!!

WTI oil futures spike 4% as U.S. stockpiles fall last week
Commodities Dec 23, 2015 15:35

[tidy 2] 24/12/2015 08:58

Hot potatoes

[valentine] 24/12/2015 08:38

What a piece of high-wire financoal ballet. Amazing terpsichorean elan from WMF and co. And the poo is up allegedly.

[wskill] 24/12/2015 08:08

So we are still to be listed on AIM.

[oilbuy] 24/12/2015 07:04

December 24, 2015CAZA OIL & GAS ANNOUNCES CLOSING OFUS$45.5 million EQUITY FINANCINGWITH Talara OPPORTUNITIES V, LPAND DEBT RESTRUCTURINGHOUSTON, TEXAS (Marketwire - December 24, 2015) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) announces that it has today closed (the "Closing") the equity financing and debt restructuring transactions announced on December 15, 2015, including the issue and sale to Talara Opportunities V, LP ("Talara") of 9,467,419,937 common shares ("Common Shares") for gross proceeds of US$45.5 million at an effective price of US$0.0048 per share (equivalent to approximately 0.32 pence per Common Share) (the "Private Placement"). Talara is a private investment fund advised by Talara Capital Management, LLC.Closing followed receipt of requisite approvals from the Toronto Stock Exchange, including permission to rely on the financial hardship exemption provided for in the TSX Company Manual.Concurrently with Closing, the Company paid an aggregate of US$43.9 million to YA Global Master SPV Ltd., GSC SICAV p.l.c. (collectively, the "Yorkville Parties") and to Apollo Investment Corporation ("Apollo") (Nasdaq: AINV), to extinguish all debts and obligations owed to them by the Company and its subsidiaries, as well as all oil and gas interests previously granted to Apollo by the Company. The remaining proceeds of the Private Placement have been allocated to working capital for general corporate purposes, including payment of transaction expenses.Completion of the Private Placement and of the settlements with the Company's former lenders and certain trade creditors, has materially improved the Company's working capital position and cash flow through the elimination of monthly interest payments to Apollo of approximately US$450,000 and an overriding royalty in respect of certain of its producing assets formerly held by Apollo. These improvements in the Company's financial position have secured its ability to continue as a going concern, eliminated the significant uncertainties associated with the now-terminated Apollo credit facility and should allow it to obtain lower cost capital, which may be used to implement its business plan when commodity prices improve.In connection with Closing, certain members of the Company's management ("Management") and board of directors (the "Board") exchanged all of their exchangeable shares of Caza Petroleum, Inc., a majority-owned subsidiary of the Company ("Caza Petroleum"), for a total of 26,502,000 Common Shares pursuant to pre-existing rights (the "Exchange"), and also acquired 176,863,889 Common Shares from Talara at the Private Placement price of US$0.0048 per share (the "Management Acquisition"), in each case as previously announced on December 17, 2015. In addition, ownership of approximately 29,878,886 Common Shares previously held by the Yorkville Parties has been transferred back to the Company and should no longer be considered outstanding.

[valentine] 21/12/2015 14:37

I expect to see £4 in your money in 3-4yrs. Saith wmf back in 2011 presentation..so saith a good a good man. Another Goodman down.

[trustlocums] 21/12/2015 14:28

So let me understand this: 23rd December 2015 they will pay 0.32p per share (if you want to sell) after that its down to their 'fair' valuation and with billions of shares in circulation I'm assuming the price per share will be £? a lot less. What if you still want to hold on to your shares? Surely, company ownership laws still apply and even though I won't get a dividend, if they decide to sell in future at a tidy upgrade I'll get my share price then? or am I completely wrong on this.

[wskill] 18/12/2015 09:18

More legal theft from UK AIM shareholders disgraceful that this is allowed to happen if CAZA was listed in the USA this would never happen I suppose this is the reason for it to be UK listed anything goes .

[swrxf06] 18/12/2015 09:02

17/12/2015 5:25pm
UK Regulatory (RNS & others)

Caza Oil & Gas (LSE:CAZA)
Intraday Stock Chart
Today : Friday 18 December 2015
Click Here for more Caza Oil & Gas Charts.TIDMCAZA

RNS Number : 4883J

Caza Oil & Gas, Inc.

17 December 2015

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

December 17, 2015

BOARD AND MANAGEMENT SHARE ARRANGEMENTS

HOUSTON, TEXAS (Marketwire - December 17, 2015) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) confirms that, as contemplated by the announcement (the "Prior Announcement") on December 15, 2015 of a US$45.5 million equity financing with Talara Opportunities V, LP ("Talara") and debt restructuring, certain members of management of the Company and of the board of directors of the Company entered into conditional arrangements on December 15, 2015 to exchange all of their exchangeable shares of Caza Petroleum, Inc., a majority-owned subsidiary of the Company, for an aggregate of 26,502,000 Common Shares (the "Exchange") and to purchase from Talara an aggregate of 176,863,889 Common Shares at an effective price of approximately US$0.0048 per share (the "Management Acquisition" and, together with the Exchange, the "Management Arrangements").

All Management Arrangements have been entered into on the terms described in the Prior Announcement without modification and there are no changes to the proposed transactions (collectively, the "Transactions") between Caza and Talara as described in the Prior Announcement. Readers are directed to the Prior Announcement for further information regarding such arrangements.

Completion of all Management Arrangements remains subject to satisfaction or waiver of the conditions pertaining to Talara's equity investment of US$45.5 million, including the approval of the Toronto Stock Exchange.

As outlined in the Prior Announcement, the number of Common Shares to be acquired pursuant to the Management Arrangements, and the resultant holdings of the relevant individuals is set out in the following table:


Name Common Shares Common Shares Common Shares Total Common
currently to be acquired to be acquired Shares held
held pursuant pursuant
to the Management to the Exchange
Acquisition
----------------- -------------- ------------------- ----------------- -------------
W. Michael
Ford 575,968 62,422,549 6,790,000 69,788,517
----------------- -------------- ------------------- ----------------- -------------
James Markgraf 344,019 10,403,758 840,000 11,587,777
----------------- -------------- ------------------- ----------------- -------------
Rich Albro 303,848 10,403,758 5,292,000 15,999,606
----------------- -------------- ------------------- ----------------- -------------
Tony Sam 437,543 62,422,549 6,790,000 69,650,092
----------------- -------------- ------------------- ----------------- -------------
Randy Nickerson 469,833 31,211,275 - 31,681,108
----------------- -------------- ------------------- ----------------- -------------
John McGoldrick 312,500 - 6,790,000 7,102,500
----------------- -------------- ------------------- ----------------- -------------

[filterwest] 17/12/2015 15:41

fiaz- so you can still sell them after aim delist?

[ih_538282] 17/12/2015 14:39

Now, throughout this entire process, you still legally own your shares in the company (should you choose not to sell them).

[highly geared] 17/12/2015 07:40

Shareholders diluted to oblivion and lose virtually everything
Management sort themselves out and have new remuneration under the new regime
Imminent delist
AIM needs to be closed down....

[troajan] 16/12/2015 21:08

Prospex Oil (PXOG) to Acquire Boujdour Blocks in Morocco
Posted by admin
Prospex Oil (PXOG) has signed a memorandum of understanding (MoU) for the acquisition of a significant working interest in five shallow offshore exploration permits off the coast of Morocco. Prospex Oil (PXOG) is a company formed for the purpose of acquiring
hxxp://microcapicks.com/prospex-oil-pxog-to-acquire-boujdour-blocks-in-morocco/

[gkp heros] 16/12/2015 21:01

There will be no shortage of Christmas crackers and presents and a nice fresh turkey for the management. We'll I'm wasting Bernard Matthews washed down with blue nun and some crackers from the pound shop!!!