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CEB Ceb Resources

1.165
0.00 (0.00%)
15 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Ceb Resources CEB London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.165 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.165 1.165
more quote information »

Ceb Resources CEB Dividends History

No dividends issued between 16 Apr 2014 and 16 Apr 2024

Top Dividend Posts

Top Posts
Posted at 31/10/2015 17:06 by tidy 2
Renamed CEB will be a major CompanyCEB Resources has agreed with PT Akar Golindo (PTAG) to assess the technical and commercial prospects for gas production in Indonesia creating a beach head into the the country's gas and power marketsUnder the terms of the agreement CEB and PTAG will undertake a technical evaluation in and around the Tuba Obi East oil and gas concession in the South Sumatran Basin.They will investigate the potential to sell the gas directly to the Singapore market, via the major transmission gas pipeline, about 12 kilometres away.Alternatively there is the opportunity to monetise the gas via the construction and operation of an independent power plant, selling electricity into the Sumatran power grid.Isle of Man-registered CEB said that a Sumatran gas project secured a long-term gas sales contract at $9.45 per Million British Thermal Units (MMBTU), which is amongst the highest gas prices in the world.Demand for electricity continues to rise sharply with the country's electricity provider PLN setting the ambitious goal of increasing supply by some 35,000 MW over the next four years. With only 9,000MW having been firmed up thus far, CEB believes investment in this sector is particularly attractive.Managing Director David Whitby, said: "The Tuba Obi East study agreement is instrumental in the realisation of our long-term strategy, representing a beach head into the attractive Indonesian gas and power markets. This initiative complements our oil studies which are progressing very well.Source ; https://www.energyvoice.com/oilandgas/86591/ceb-resources-creates-beach-head-to-indonesian-gas-and-power-markets/
Posted at 26/10/2015 12:37 by dlg3
wahlberg
Posts: 297
Off Topic
Opinion: No Opinion
Price: 1.16
RE: PlacingsToday 12:33Completely agree nesty. And on here and twitter it's the same question repeatedly. How will they fund it?

It's been answered repeatedly too. We can farm-in relatively cheaply, giving the asset owner:

a) short-term cash (relatively small amount);
b) expertise (and THIS is the most important)
c) funds to develop further

I worked through an example a day or two ago on a well producing 400bopd which could be optimised to 1600bopd using the expertise of the CEB team. The asset owner gives away a 30-40% interest in the well and still ends up almost tripling their stake!

Now, in terms of becoming a cash generating business. Let's consider some numbers.

To begin, assume CEB get a 35% interest in 3 wells producing 400bopd.

420bopd @ $25 profit p/b = $3.8m / £2.5m p.a. or thereabouts.

Then they optimise these wells, so instead of each producing 400bopd, they're producing 1600bopd. CEB interest is now

1680bopd @ $25 profit p/b = $15.1m / £10.1m p.a.

And let's remember here I am considering perhaps only ASSET ONE. What if also we get the one with the gas to be tied in. And the JV with the state.

So yes I think we will raise, add, and see that mcap >£50m quicker than the doubters want you to believe.
Posted at 26/10/2015 10:33 by domple
even if there is a placement, the money raised will go to enhancing the value of ceb manifold, as it invests in the assets in which ceb sees huge potential. It's not a placement to survive but to thrive and with all their experience I'm happy to see ceb rapidly expand its share price multibag in the long term.
Posted at 25/10/2015 10:33 by dlg3
orslega 25 Oct'15 - 09:12 - 14943 of 14947 0 0

talking of CEB, see the blog has been updated for latest chat with DW at CEB....well worth a listen.....didn't RC say that CEB was going to make NCT shareholders a ton of money...imo sounds like first deals are v close - hence the suspension of CEB on Friday
Posted at 24/10/2015 16:15 by tidy 2
Dave Whitby interview Sharepickers Start-up focusing on onshore producing assets in Indonesia – actively screening and putting offers on the table for Oil fields – before then moving onto Gas – and make the Company into 'something significant'. An amazing team with a lot of experience – and he is learning himself, despite his experience. PR to show investors assets they are after "serious producing assets, real walking, talking Oil company stuff" South Sumatra - oil producing onshore, then Gas. The new team vast experience, on massive production projects. Farm-in – to add capital to production – core of the asset. Due diligence completed on four assets, 2 offers on the table and another offer going down next week. One asset: 80 wells. Three new wells could pumping 400 BOPD day, but they can't afford to pump the well off – and optimise the wells potential. There are another seven drills and all the other wells. Second asset: Oil producing asset. Don't have the expertise to complete the optimisation. Three gas producing wells, but can't tie it in. Third asset: The most sort after asset in Sumatra, he describes it as the "holy grail in Indonesian oil & Gas". Joint venture with National Oil company. Ongoing talks for three months. Overwhelming at times and serious stuff. Looks at fields – can they produce 1000bopd? If so, we'd look at it. Looking at a field 400bopd that might go up to 1500bopd with a work programme, with 30-40% net to CEB. DW is impatient, and on top of the deals to ensure they're closed swiftly. But wont predict timeframes. Very Close – the three coming together. We have another 5 to follow-up after. What could happen if all 8 come in? Dilution would come in, it would be seen as a positive, as it would be used for assets. Building a 'Serious Company here', "we're in a target rich environment and I want to shoot as many bullets as I can" Comparison to Nido – no way, but he fully intends to have well over 2500bopd net to CEB. The City rewards production and we want to produce. First target is a 3000bopd company. Won't come on Twitter. About to bring someone on the board, and people will be really excited if he accepts. If you want to make a few pennies, there is stock out there for you. If you want to send your son to Eton, I'm your man. CEB name/brand to change soon. If you want to learn a bit more about the Company, send him or Simon an email.
Posted at 14/8/2015 15:39 by the stigologist
a few people you should know not to trust now

TOP Traders Thread !!!! - CR
Monkey Puzzle - 14 Aug 2015 - 09:57:16 - 528904 of 529022
CEB red to.....
TOP Traders Thread !!!! - CR
Stephanie_M - 14 Aug 2015 - 07:59:02 - 528848 of 529022
CEB is the one!
TOP Traders Thread !!!! - CR
oilbuy - 13 Aug 2015 - 17:49:37 - 528840 of 529022
Pitty you could have bought CEB last week @ .45p.
TOP Traders Thread !!!! - CR
oilbuy - 13 Aug 2015 - 16:04:43 - 528836 of 529022
CEB

100% NEWS COMING

NCT has the right to participate in 12%

NCT market cap now less that CEB.
TOP Traders Thread !!!! - CR
iLeeman - 13 Aug 2015 - 16:03:03 - 528835 of 529022
CEB 1p tomorrow?
TOP Traders Thread !!!! - CR
andrbea - 13 Aug 2015 - 15:41:48 - 528834 of 529022
ceb

tidy 2
13 Aug'15 - 15:38 - 492 of 493 0 0

Wins just moved to 0.94
Posted at 28/7/2015 07:54 by phil1969
A subtle reminder :-)Today 07:49 Price: 0.72BigGib 8,723 postsWhat does CEB have?1. Dave Whitby with a massive proven track record of turning a small cap company into a medium cap company. 2. The Corsair team with a huge pedigree in Indonesia. 3. The boys have been responsible in the past for nearly all gas contracts in Indonesia. These contracts are worth billions. 4. CEB also has a team of highly respected in country Indonesians with the know how and ability that would probably match most oil men in some top AIM companies. 5. CEB screened 55 targets and now we are down to 6 high quality high impact assets of interest. 6. Assets of interest hold up to 30 wells per field. 7. The fields are proven!!! The wells are already producing and some shut in for a number of years and would need a little work to get back into production. 8. A plan and through the use of modern techniques the know how to increase the current field and well production up 15%. 9. More cash in the bank now than DW originally wanted because of an oversubscribed placing. 10. Ready to operate in a country the has more consumption than actual production and the terms of PSC's are very favourable to companies investing in Indonesia. I could go on all day but that is 10 things I see CEB with. One last quote which was used at a roadshow: "The team your putting into CEB is like putting a Ferrari engine into a VW van" Good luck I'm ready and willing to hold for 10 bags are you?
Posted at 14/6/2015 23:56 by thisidentifiesme
Great post by BigGIb on LSESHARES HIS CHAT 25Dave Whitby chatWell wow what can I say a little chat and a few questions turned into 70 minutes of a very surprising phone call on all levels. Turns out on a personal level myself and Dave had a lot more than expected in common. Military, golf and Medicine Hat a number of surprises that popped up. If anyone can be bothered and I would advise anyone to try and find the time to speak to Dave Whitby if possible. The man is successful on all levels and is very very straight talking which I personally love from anyone let alone a CEO of a company I'm personally heavily involved with. Anyway enough of the bromance......We chatted about our life histories and we quickly realised we had a lot in common which set the scene for an easy chat about CEB and the plan going forward. Nido Petroleum story was something else and worth the phone call in itself just to hear the story from start to finish. Nothing better than hearing success stories of that nature and shows the calibre of man in the hot seat of my significant investment. The whole Corsair Petroleum was clearly a vehicle planned to house the move into Indonesia which by the the way has been planned for 3 years by these team. Whitby has issues!!! He has numerous targets and they have had to use vigorous processes to whittle these targets down to a realistic number of targets based on quality and quantity. Quantity meaning oil and lots of it. The team have produced an impressive screening process. Quantity meaning oil and lots of it. Main point I took from our chat is these wells in Indo are ex producing wells that have been shut in and even the producing wells that are producing are producing at a reduced rate of recovery due to the methods currently being used. Some well in the past have produced 1000+bopd and have been shut in due to low oil prices 20 years ago and have never been touched since. Errrrrr hello Dave Whitby!!!!Some of the current operators in Indo have millions of barrels sitting in the pipe and don't have enough cash to pay for the pipe to be turned on. Errrrrr hello Dave Whitby!!!!The team DW has assembled is the dream team it's clear and simple. The team is responsible in some way shape or form for around 70% of Indonesia has production!!! Basically the CEB team are now in their own backyard and fully focussed on the job in hand and very excited about what lies ahead. DW and the team have a team of well respected Indonesian reps well respected within Indo and the connections are all laid out like a perfect network just waiting for the big green button to be pressed to initiate all systems go. Targeted acquisitions which have been screened by the team have multiple millions of barrels OIP hence why the select number of targets have been selected. Some advanced some early stage.Current cash position on CEB when questioned even though recent RNS stated cash would need to be raised on RTO I was told was more than enough for the current plan. Acquisitions, CPR's and work overs we have enough for now.Research current Indonesian PSC's the Indo Government clearly want increased production and the terms firmly within the foreign investment companies side of the park. Initially CEB required £1m however CEB didn't do the normal London roadshow as they didn't need to. The story was so strong they had 4 brokers in a room and all 4 wanted in on a large scale. The words used by one individual was:"The team your putting into CEB is like putting a Ferrari engine into a VW van"Shut in wells and producing wells are not producing what they should be due to ongoing techniques needing a little bit of work and modern techniques. Some wells previously producing up to 1200bopd and these wells are the targets and 1200bopd might be a far stretch to begin with however a little bit of work then rates could be increased. Some comments from DW which should inspire confidence into shareholders here:My crew and I are in Jakarta getting to work as from my previous experience, the market can fall out of love with a stock and a story surprisingly fast so the best way to keep the love affair going is to deliver. Indonesia is my home court and this gig is one I have been planning for 3 years, rather chuffed that it has come together. Experience has taught me to give up any attempts at prophecy when it comes to share price and market cap predictions. Most people know that Indonesia holds tremendous opportunities in the energy sector but few know how to unlock that value which I believe my crew are experts at. But as you know time will tell.I did push DW on targets regarding market cap and share prices on a ST MT and LT basis and while he refused to make wild predictions he did state that you don't have to be that smart to grow a company from the bottom to $50m Mcap and once into $100m Mcap that's when things get a little more difficult with analysts etc however a little more interesting. The plan is in place and Indo has a vast opportunity for CEB. The name CEB won't be around for long as I expect this to change at some point. Gas production is where the big money is but for now it's all about immediate production quickly and efficiently. 3 wells 3000bopd within 3 years are numbers DW likes and the number of opportunities on offer far exceed the number 3 so use your own calculator and initiative and most of all your research. Pick up the blower and enjoy a chat with Dave Whitby. He says it how it is while remaining within the rules. Exciting times ahead that's for sure. Hopefully holders here found the above useful and if I remember something I have missed I will post. As for the haters watch and learn money will be made here without a doubt and do yourself a favour stick a few quid on Dave
Posted at 05/6/2015 07:22 by moreforus
0.40p is a good price ...last wa 0.21 ....

Massive news and should go bananas on unsuspension

NCT in bed with ?CEB ....

Northcote Energy Limited To Examine Indonesian Oil & Gas Opportunities
Print
Alert
TIDMNCT

RNS Number : 3121P

Northcote Energy Limited

05 June 2015

Northcote Energy Ltd / Index: AIM / Epic: NCT / ISIN: VGG6622A1057 / Sector: Oil & Gas

5 June 2015

Northcote Energy Ltd ('Northcote' or 'the Company')

Strategic Relationship to Examine Indonesian Oil and Gas Opportunities

Northcote (AIM: NCT) is pleased to announce that it has added to its portfolio of high impact interests through entering into a Participation Agreement and equity investment in CEB Resources plc ('CEB'), the AIM listed investment vehicle focused on resource opportunities. This provides a third area of interest for Northcote, alongside its existing opportunities in the reopening Mexican energy sector and its onshore US asset base.

Highlights:

-- Agreement with CEB whereby Northcote will be entitled, at its option, to participate in up to 12.5% of CEB's participation in any concessions or other oil and gas transactions that it secures in Indonesia for a period of 5 years ('the Participation Right')

-- CEB has today signed an agreement with Corsair Petroleum (Singapore) Pte Ltd ('Corsair') whereby Corsair has agreed to assign a participating interest in a vehicle to CEB which intends to consider and, if applicable, apply for two oil and gas concessions in Indonesia

-- In addition, Northcote has subscribed for 50,000,000 ordinary shares of CEB at a placing price of 0.4p per share representing an investment of GBP200,000

-- Northcote earned the Participation Right in connection with introductions and assistance provided to CEB and its new management team in connection with this transaction

-- Addition to Northcote's expanding international portfolio, alongside the existing interests onshore USA and Mexico

Northcote Managing Director Randall Connally said, "We are excited to have secured the right for Northcote to participate with a world class team of oil and gas professionals in Indonesia. CEB, together with Corsair, is looking at oil and gas production and low cost development assets in one of the premier oil and gas regions in South East Asia and this Participation Right could offer further significant upside and diversification to our portfolio on favourable terms to Northcote. We have also varied our exposure through our equity investment in CEB. This decision was made in consideration of the region's potential and the calibre of CEB's management team, and we look forward to building value through both our investment and participation to create substantial value for our shareholders."

Participation Agreement

The Participation Right has been granted to the Company in return for introductions and assistance provided to CEB and its new management team in connection with its agreement with Corsair. Northcote and CEB have agreed that Northcote shall be entitled to participate in any of CEB's investments, at its sole discretion, in Indonesia for a term of five years from the date of the Agreement. Northcote's participation is up to 12.5% of CEB's participation and NCT must pay its proportional share of all costs and documented prior acquisition costs.

Equity Investment

CEB, in conjunction with the transaction, has raised GBP1.5 million at 0.4p in which Northcote has subscribed for 50,000,000 ordinary shares of CEB at a placing price of 0.4p per share representing an investment of GBP200,000 resulting in a 6.6%% shareholding on completion of the placing, which is expected on or around 11 June 2015.

Corsair and CEB

CEB has today announced an agreement with Corsair whereby Corsair has agreed to assign to CEB an interest in a contract it has with PT Wangsa Energi Prakarsa ('Wangsa') to consider and if applicable, apply for two oil and gas concessions in Indonesia. Pursuant to the agreement, Corsair has agreed to assign to CEB, interests in Bid Group Agreements in respect of two assets in Indonesia. The initial two projects which CEB may bid for are highly prospective and with production on one, CEB believes they have the potential to provide an excellent platform for developing a substantial oil and gas business.

CEB intends to conduct initial due diligence on the two projects before making a decision as to whether to proceed with submitting bids. Should CEB be successful in its application for a concession, the transaction will represent a fundamental change in its business and thus be treated as a reverse under Rule 14 of the AIM Rules.

Under the agreement, if either or both applications are successful and are approved by shareholders, CEB shall fund 100% of agreed due diligence, acquisition and development costs (together the 'Investment'). CEB is entitled to receive 90% of all distributions to participating interests from the projects until the total distributions paid to it and Corsair are equal to the Investment and the Company has received a 9% internal rate of return on the Investment. Thereafter, CEB will have a 70% participating interest in the assets, of which Northcote will have the option over 12.5%.

In tandem, David Whitby, who is a highly successful oil and gas specialist with in excess of 18 years' experience in the region, will join the CEB Board as CEO. David has an exceptional regional pedigree having been involved with a significant percentage of the areas' major projects and has a proven track record of building oil and gas businesses, as demonstrated with ASX listed company, Nido Petroleum.

To view the CEB announcement in full, please go to CEB's website at www.cebresources.com.
Posted at 12/5/2015 07:37 by moreforus
CEB Resources PLC Suspension in trading in the Company's shares
Print
Alert
TIDMCEB

RNS Number : 8728M

CEB Resources PLC

12 May 2015

12 May 2015

CEB Resources plc

("CEB" or "the Company")

Suspension of trading in the Company's ordinary shares

Further to the announcement yesterday morning regarding the movement in the Company's share price, CEB Resources plc (AIM: CEB), the mining and natural resources investment company, confirms that it is evaluating an investment in oil and gas assets in Indonesia, which would be associated with a fund raising. Whilst the transaction is not a reverse, the Company has requested that trading in its ordinary shares be suspended with effect from this morning until such time as further clarity can be given on these matters. A further announcement will be made in due course.

The Company emphasises that whilst discussions are ongoing, there is no guarantee that the transaction will occur.

For further information, please contact:

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