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|dlg3: Defence Advisor to the Board Gulf Indonesia Resources Ltd
Reporting to the Chairman of the Board, responsible for the evaluation of the company's
assets in anticipation of a bid by the majority shareholder, Conoco and to conceive and
implement a new strategic direction to optimise the net asset value of the company and to
lead the negotiations.
Successfully closed negotiations in July 2002 at a 62 % share price premium|
|dlg3: Managing Director Nido Petroleum
Joining the company in August 2004, built an asset base focusing on the NW Palawan basin
in the Philippines. Nido is presently an oil producer from two fields with a third one under
development. The crown jewel of the company the exploration portfolio from its large
contiguous land position in the Palawan basin. Nido has systematically acquired 2D and 3D
seismic which has generated a drillable portfolio of 60+ wells with mean oil in place estimates
in excess of 8 billion barrels. Nido retains the majority share of this opportunity.
Share price increased from 1.6 cents in 2004 to 60 cents in May 2008
Market capitalization grew from $A 5.7 million to greater than $600 million
Galoc on production generating $US 50 million per year net to Nido Petroleum
Acquired control over the NW Palawan basin exploration generating 80+ leads|
|dlg3: what drives a share price???? sentiment!!!!
what does ceb have???? sentiment!!!!
buy on rumor!!!!! CEB has plenty of rumor....to keep it going!!!!
rumor has it plenty of assets on the way!!!|
|dan_the_epic: lol I adore this quote 1.6 to 620m.
FACT, he joined Nido at 1.6 AUSSIE CENTS. WHAT WAS THE SHARE PRICE WHEN HE LEFT? 1.95 AUSSIE CENTS!!!
Dont feed me the bs about oil price crash because the reverse happened on the way up. 2500bopd does not justify anywhere near a 600m AUD market cap. He got lucky. FACT|
|domple: just like it was de-ramped on no news. grow up letmepass. this is what happens on these smaller shares. the thing is, people have more confidence in the management of ceb and that gets reflected in the share price.|
|tees maar khan: TheRealTonyTheTiger, I agree and that's why I've bought a few hundred shares. Just because this is overvalued it doesn't mean the share price cannot go much higher.My only concern is a placing but if the company can live up to the high expectations and deliver this could be great for shareholders.TMK|
|tees maar khan: panicinair, I am aware that on aim this is commonplace for companies but depends on exactly how many shares will be issued and at what price.
A little dilution to further the companies future prospects could be the best way forward.
People get so caught up and blinded by potential and in the process end up losing money. CEB does look overvalued as things stand and wouldn't surprise me if this share price goes lower in the interim.
|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|
|moreforus: CEB Resources PLC Suspension in trading in the Company's shares
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:|
|h2owater: UPDATE: CEB Resources Evaluating Investment In Oil & Gas Assets In IndonesiaMon, 11th May 2015 13:09LONDON (Alliance News) - CEB Resources PLC Monday said it is evaluating an investment in oil and gas assets in Indonesia and there would be an associated fund raising, although there's no guarantee that the deal will go ahead.The mining investor noted that its share price had increased early Monday, and said it will make a further announcement in due course.A separate disclosure to the London Stock Exchange showed that Wayne Gibson had increased his stake in the company's voting rights to 4.68% by buying 6.6 million shares, meaning he now holds 14.6 million shares.CEB Resources shares were up 45.2% at 0.530 pence Monday afternoon.By Steve McGrath; email@example.com; @stevemcgrath1Copyright 2015 Alliance News Limited. All Rights Reserved.Alliance News|
Ceb Resources share price data is direct from the London Stock Exchange