Share Name Share Symbol Market Type Share ISIN Share Description
Equator Exploration LSE:EEL London Ordinary Share VGG3084F1282 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 20.50p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 36.02

Equator Exploration Share Discussion Threads

Showing 114776 to 114797 of 114800 messages
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DateSubjectAuthorDiscuss
06/12/2016
17:06
sorry was meant to be posting on Genel thread.
wantmorethan24p
06/12/2016
16:57
wiped out by BONDHOLDERS Xcite Energy (XEL) the drowning in debt North Sea wannabee has announced that bondholders are to meet on June 30th - the day the $139 million bonds were due to be repaid - to agree to a rollover. But there is an admission, and for shareholders it meets get out the vaseline...you are going to get shafted badly. Its now official. Firstly the bondholders are going to charge cash as a condition for not pulling the plug at once. Given that cash is now c$9 million and falling fast ( it was c$20 million at December 31 2015) this is going to be an issue soonish. XCite, if it is not bust, will have to do a placing sharpish. Second the company cannot repay its bonds so we are told: As announced in our full year results for the ended 31 December 2015 on 21 March 2016, the Company has been in discussions with its principal Bondholders with respect to a potential restructuring of the Bonds. While those negotiations have been constructive, no terms have yet been agreed. However, should agreement on the terms of a restructuring be reached, it is likely that these will involve a reduction to the balance of the Bonds in return for an equity stake in the Company. Hmmm. The bonds oustanding are $139 million and the market cap at 10p is £31 million ( shall we call that $45 million). If there is a "reduction" in the sums outstanding it strikes me that XCite shareholders will be giving away the vast bulk of their company. Then it will need a rescue refinancing. Oh dear...this is going to be painful. We have warned you repeatedly to sell but it is not too late, this equity is almost worthless and at 10p you either bail now or you know what you need to go buy. If you dont Justine Frischmann and comrades can spell it out for you - See more at: hxxp://www.shareprophets.com/views/21499/xcite-energy-admits-shareholders-will-get-totally-rogered-by-bond-holders-justine-tell-the-morons-what-to-buy#sthash.n35SxLn0.dpuf
wantmorethan24p
06/12/2016
16:35
did the bondholders here get all their monies back? am investigating it seems to me that Bondholders always win at shareholders expence.. look at XEL GKP shafted by Bondholders.
wantmorethan24p
19/11/2016
10:22
Just another 2 years to hold out folks. Remember the good old days when we only had to wait 2 months?
geordieduke2
18/11/2016
15:01
Exile - Bleak House has opened it's doors to us :)
digger2779
18/11/2016
13:43
Where is the EEL minority shareholders Christmas Party being held this year ?
exile
18/11/2016
08:29
We're not suspended, we are delisted and now in the hands of a private organisation who don't give a toss about us and can make up their own rules.
2lb
17/11/2016
22:14
Hi all how many years have we been suspended now? I have lost count.
hope67
16/11/2016
15:49
MR K .. get UKIP on the case.
wantmorethan24p
09/11/2016
23:49
Cheers Mr K!
roadkill2
09/11/2016
23:29
Thank you Mr K
jeaniehow
09/11/2016
23:04
Further interest within the Sao Tome EEZ blocks, as Galp increases its footprint. Galp will now become a partner in blocks 5 & 12 with both Equator & Kosmos, subject to ANP approval, prior to the commencement of a four block Seismic program due to start Q1 2017.http://www.galpenergia.com/EN/investidor/Noticias/Paginas/SaoTomeandPrincipe_extension.aspxMr K.
mrkeysersoze
24/10/2016
22:36
But if/when the price rises Oando will then ditch the minorities. It would be easy to do, have a rights issue and minorities diluted out of existence. Until then it doesn't matter and simply replay the annual conf call. Either way the minorities end up with the same, nothing.
geordieduke2
22/10/2016
20:06
The reality is, the price of oil tanked from circa $110 per barrel in July 2014 to circa $26 per barrel in May 2015 the seriously screwed-up EVERY Oil Company's finances...and forward business models & plans. However, with oil prices recovering & with KOSMOS 3D seismic plans Q1 next year, this board may get a little busier over the next months... Regards, Gpmh1
gpmh1
22/10/2016
18:51
Errr it's 2016 and we were told to wait a couple of years. Perhaps everyone is quiet because they're trying to find some more cash to invest now that we've seen those jars of real oil, that prove beyond doubt this wasn't a con and all we have to wait the 2 years. Trust in Pade, he's a nice compassionate guy and as we can see it about to come good...in a couple of years.
geordieduke2
21/10/2016
15:44
We are all here and all turned off until 2017 when it might be worth having a glace at what's going on here.
2lb
20/10/2016
21:31
anyone left? and thanks Mr K
paulie1
18/10/2016
07:48
The following slide is taken form the October 2016 Kosmos Energy presentation. image host Triton Energy discovered the Ceiba Field offshore Equatorial Guinea in 1999. Triton Energy was later sold out to Hess. The management team of Triton then formed Kosmos Energy. Note the speed & efficiency with which the Ceiba field was developed, this is the model with which Kosmos operates upon. Kosmos IMO see a significant amount of similarities as well as an extension to the Rio Muni Basin play with which they have significant knowledge & data.... Ceiba background. 3. Ceiba Triton Energy and Energy Africa discovered the Ceiba field in October 1999. The Ceiba field is located 22 mi offshore Equatorial Guinea and was the first discovery in the Rio Muni Basin. Hess is the current operator of Blocks G and F with an 85% interest. Energy Africa holds 15% and the Equatorial Guinea government holds 5%. The Ceiba field came online just 13 months from discovery in November 2000. The field initially produced from five wells to the Sendje Berge FPSO. It was a converted VLCC, formerly named Berge Charlotte. The Jurong Shipyard in Singapore converted the VLCC into an FPSO capable of storing up to 2 MMbbl and processing 60,000 b/d. It was moored in about 300 ft of water on Block G. In January 2002, the operator upgraded the FPSO to accommodate increased production from 16 producing wells and 12 water injector wells. The onboard liquids-processing capabilities went from 60,000 b/d to 160,000 b/d and added water-injection capabilities. The Sendje Ceiba FPSO replaced the Sendje Berge FPSO. ABB Offshore converted a tanker named Berge Hus into the Sendje Ceiba FPSO at Jurong Shipyard in Singapore. The Sendje Ceiba FPSO had a storage capacity of 2 MMbbl, but also a total liquids capacity of 160,000 b/d and facilities to inject up to 135,000 bw/d into the Ceiba reservoir to maintain field pressure and optimize recovery. The Sendje Ceiba FPSO replaced the Sendje Berge in a 14-day operation. Production commenced from the Sendje Ceiba in January 2002. The Ceiba field reached peak production of 72,000 b/d in 2001 with 19,400 b/d reached in 2011. Total recoverable reserves are estimated at 229 MMbbl. Mr K.
mrkeysersoze
04/10/2016
09:32
Cleo - thanks for clearing up the "theft" issue ha. After all these years is does make me wonder why they still keep us hanging on. Is it pay back from colonial rule I wonder. Good luck in tracking down your shares if the occasion ever arises but I reckon you may be saved the bother once they actually work out a way to pull the plug without causing too many ripples in the stinking pond that is the "city".
digger2779
04/10/2016
01:53
btw Digger: not sure we could say they stole our 'assets' in the way we might mean assets. They stole the return of the 'deposit' to the N govt and did some fancy 'bookkeeping' footwork to pay it to shareholders (largely themselves) as a special dividend? (c.2009?) Well, fortunately, I think of this catastrophic 'investment' now every couple of years instead of every couple of minutes. I still 'own' over 200k shares but heaven knows where since Selftrade denies all knowledge - some are even in certificated form but they never sent the certs! If they are ever worth anything (as likely as an invasion of unicorns in Piccadilly?) I'll have the delightful problem of finding a way to prove my stake!!
cleo1601
03/10/2016
22:01
thanks sorry could not listen , thanks for arranging it, any update would be much appreciated
paulie1
03/10/2016
12:26
An interesting conference call. Thanks for putting the questions slg
captain pugwash2
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P:34 V: D:20161207 16:24:50