Gunsynd Share Discussion Threads

[nash81] 15/12/2016 11:04

ANGUS is better bet, as they owned more half Brockham

[scotty666] 15/12/2016 11:00

ALBA news on brockham sidetrack - remember GUN hold 5% which is now worth half of the market cap here alone !!!
Good Luck

15 December 2016

Alba Mineral Resources plc

("Alba" or the "Company")

Brockham Oil Field Update

Mobilisation of Rig and Commencement of Operations

Alba is pleased to announce that it has been advised by the operator, Angus Energy Plc ("Angus"), that work has now commenced at the Brockham Oil Field ("Brockham"), in which Alba is earning a 5 per cent interest. Brockham is located near Gatwick Airport and is only a few miles from Alba's other UK onshore oil and gas interests at Horse Hill.

Angus has advised that it has today received the final approvals required from the UK Government Oil and Gas Authority ("OGA") and Health and Safety Executive ("HSE") to commence work on the BR-X4Z well on UK onshore Production Licence PL 235.

Consequently, Alba is advised that the rig is now on site and has commenced work, as per the approved programme, to abandon the required redundant wells in the upper Portland formation and re-enter the original Brockham-X1 well drilled by BP in 1987 down through the Portland, Kimmeridge, Corallian and into the much deeper Great Oolite formations. The Company understands that all the original BP wells at Brockham that passed through the Kimmeridge and Corallian formations were drilled without properly assessing their hydrocarbon potential.

George Frangeskides, Executive Chairman of Alba, commented:

"We are very pleased that Angus have now obtained the required approvals from the UK authorities and have already started on this potentially very significant work at Brockham. Alba looks forward to reporting the results in due course."

[flashheart] 13/12/2016 18:27

That's the name of the game bobby. They probably have a very good idea of what will be reversed into it. Maybe even one of their own investee companies?????

[bobby.ifa] 13/12/2016 17:59

Not sure about this PIRI stake. They are just a natural resources funder who got burnt in New World Oil last month.

[scotty666] 13/12/2016 15:58

Another of GUNS investments is expected to list on main market (standard listing) on Thursday + Brockham news expected so should see a nice run of news in the coming weeks.

Looks like we will get regular updates on Tungsten if/when production changes by a noticable amount which is great.

[tomboyb] 13/12/2016 15:43

MKT Cap looks wrong to me -

Brazil Tungsten increasing prod - Paid $1mill for that

[knicol46] 13/12/2016 15:40

moving up - tick up(s) coming in

[tomboyb] 13/12/2016 15:38

2 RNSes

1. increasing Tungsten production in BRAZIL TUNGSTEN
2. 5% PIRI taken

[tomboyb] 13/12/2016 15:36

Gunsynd plc



("Gunsynd" or the "Company")

Investment in Pires Investments

Gunsynd Plc (AIM: GUN; ISDX: GUN) announces that it has purchased a total of 1,700,000 shares in Pires Investments plc ("Pires"), an investing company admitted to trading on AIM. This represents approximately 5.01% of the outstanding number of shares of Pires and the approximate consideration paid was £56,000.

Hamish Harris, executive Chairman of the Company, commented: "This investment by Gunsynd provides a significant stake in an AIM listed cash shell at a valuation we believe provides for decent upside potential."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

The directors of Gunsynd accept responsibility for this announcement.

For further information please contact:

[tomboyb] 13/12/2016 15:35

Gunsynd PLC Update on Investment in Brazil Tungsten Holdings

13/12/2016 3:31pm
UK Regulatory (RNS & others)

Gunsynd (LSE:GUN)
Intraday Stock Chart
Today : Tuesday 13 December 2016

Click Here for more Gunsynd Charts.
TIDMGUN

RNS Number : 7513R

Gunsynd PLC

13 December 2016

Gunsynd plc

("Gunsynd" or the "Company")

Update on Investment in Brazil Tungsten Holdings

The Board of the Company has been informed by the management of Brazil Tungsten Holdings Limited that, for the month of November 2016, production rates of WO3 (tungsten trioxide) concentrate rose from 11.80 tonnes in the prior month to 13.6 tonnes.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

The directors of Gunsynd accept responsibility for this announcement.

For further information please contact:

Gunsynd plc: [phone]

Hamish Harris

Donald Strang

Nominated Adviser/ISDX Corporate Adviser: [phone]
Cairn Financial Advisers LLP

James Caithie / Liam Murray

Peterhouse Corporate Finance (Joint Broker) [phone]
Lucy Williams

This information is provided by RNS

The company news service from the London Stock Exchange

[tomboyb] 13/12/2016 14:51

Well - 800k market cap

Stake in Alba is already worth half that

Cash element + Brazil Tungsten + Zenith + GEO

[scotty666] 09/12/2016 08:24

AGM & Zenith proposed London listing next week.
Good Luck

[scotty666] 07/12/2016 10:03

At todays quoted price Zenith have already increased more than 50% since GUN took a small stake. With a London listing, liquidity in the shares and additional funds it is likely Zenith will start to move higher to fair value.

Their short term goal is to work over the existing fields to increase production from the current 300 barrels day to 3000.

Always a chance GUN could take more shares in the London listing if they saw fit.
Good Luck

[scotty666] 05/12/2016 09:08

Good timing comedy - they picked up a nice little investment with Zenith from what Ive read. Producing, low cost ($14 - $16) and can scale up at a steady pace without investment - that said I think maybe a listing over here and a capital raise to accelerate the workovers would not be out of the question.
Good Luck

[comedy] 05/12/2016 08:29

just joined you guys...been waiting for awhile for share price to get back here:)

[theunluckyone] 30/11/2016 12:01

bobby.ifa - Guilty as charged !!

And no this is not where the origins of my username lie !!!

[bobby.ifa] 30/11/2016 12:00

Anyone else a member of the Evocutis minus 95% club?

[scotty666] 30/11/2016 09:26

NAV is now double the current market cap (a big wedge in cash) without considering any upside due to the fact some of their investments have risen significantly (ALBA) or are now producing (BTHL - Tungsten, Zenith - Oil).

[scotty666] 29/11/2016 16:19

Another RNS and another purchase in Zenith, small value but huge potential if you read the reserves and research note.
Good Luck.

[scotty666] 29/11/2016 10:18

Reserves statement

hxxp://zenithenergy.ca/assets/files/Reserves/Statement%20of%20Reserves%202016.pdf

[scotty666] 24/11/2016 23:42

And research note;

hxxp://www.alignresearch.co.uk/wp-content/uploads/2016/10/Zenith_Energy_Align_Research_12th_October.pdf

[scotty666] 24/11/2016 23:38

Zenith news - already producing and will scale up output.

Canada’s Zenith Energy Ltd has received the first two payments for invoices generated for producing Ural crude oil from the Muradkhanli-Zardab-Jafarli field in Azerbaijan during August and September 2016.

“The crude oil was sold to Azerbaijan's state oil company SOCAR and payment was made in accordance with the company's Oil World Market sales Agreement signed between Aran Oil Operating Company ("Aran", the operating company within Zenith's operations in Azerbaijan) and SOCAR,” the company reported.

Payments were delivered to Zenith Aran on October 29 and November 15 in accordance with the company's expectations.

“Additional crude oil quantities have been formally delivered into the international pipeline network by Zenith Aran, creating additional invoices, and issued every 15 days,” said the company. “For the purpose of investor clarification, Zenith Aran's crude oil is transported from the Shirvan oil terminal, domestically through the network of SOCAR pipelines, and then internationally, through Transneft, where it ultimately reaches the Novorossiysk port on the Black Sea.”

As an alternative, Aran may also choose to transport its crude oil to the Mediterranean Sea through the BTC (Baku-Tbilisi-Ceyhan) pipeline operated by BP British Petroleum, said the message.

CEO and president at Andrea Cattaneo Zenith Energy Ltd said that the company is exceptionally pleased with the rapid progression of commercial activity in Azerbaijan and delighted to note that the first payment for crude oil from the Muradkhanli oil field was received two days in advance of the due date.

“The second payment further validates our confidence in the process. These are landmark events for the company as it signals the initiation of a new income stream with significant growth potential and confirms for shareholders that payment terms have been quickly and efficiently respected,” he said.

Already at a production rate of 300 barrels per day, these payments equate to approximately $360,000 per month, said Cattaneo.

“While management has always been confident in the quality and credibility of our buyer, SOCAR, we believe it is important to communicate these results to our international investors so that they may share our confidence,” he added.

The company’s CEO pointed out that given the region's extensive energy infrastructure and its proven functionality, Zenith is prepared to increase the scale of its activities.

“It is our plan to reinvest significant operational cash flow to generate sustainable ongoing investment into the development and optimization of our fields,” said Cattaneo.

Zenith Aran Oil Company Limited is a fully owned affiliate of Zenith Energy Ltd. Zenith Energy Ltd focuses on the acquisition and further development of proven onshore oil and gas fields where production has declined over time, but which are capable of increased productivity following an injection of capital and optimization through its corporate engineering and technical expertise.

SOCAR and Zenith Aran Oil Company signed March 16 an agreement on production sharing, restoration, development and exploration at the block that includes Muradkhanli, Jafarli and Zardab oil fields. Muradkhanli, Jafarli and Zardab fields cover an area of 642.2 square kilometers.

[scotty666] 24/11/2016 23:31

Haha just loading it I think tyranosaurus.

[tyranosaurus] 24/11/2016 12:32

This smoking gun seems to be heading back to 0.05p.