Mercer Resources Share Discussion Threads

[encarter] 09/1/2015 11:10

Nar, still time.

[swizz] 08/1/2015 19:26

Unfortunately not, it looks as if it is bye bye Mercer....GL S

[errollc] 08/1/2015 17:02

Any news on this one???

[swizz] 31/12/2014 20:46

Happy New Year guys, hopefully January 2015 will bring some cheer for Mercer shareholders, have a good one!.....GL S

[moormoney] 04/12/2014 18:50

HO HO HO! Cheers swizz. The wait goes on.

[swizz] 04/12/2014 18:40

"On the fifth day of Christmas"...?...GL S

[moormoney] 04/12/2014 12:52

any news yet?

[r g fletcher] 03/11/2014 12:29

Well...... another 3 months of course!! :)

[bsg] 03/11/2014 12:25

That's three months ... now what ?

[swizz] 30/9/2014 14:39

Zoltav presentation......GL S

Link....

[swizz] 30/9/2014 12:02

There is still a pulse.......GL S

CHAIRMAN'S STATEMENT

Several potential transactions were reviewed during the period in order to fulfil the Company's investing strategy but none were deemed suitable to execute and put to the shareholders for approval. Unfortunately this meant that the investing strategy could not be met by 30 July 2014 and the Company's shares are as of the date of this report suspended from trading on AIM.

The Board is continuing to review potential opportunities and hopes to be able to announce a transaction and convene a Shareholder meeting to approve a Reverse Takeover or otherwise implement the Company's investing strategy to the satisfaction of the Exchange...

The Board would like to thank shareholders for their continued support and patience during the period.

Trevor Wells

Link...

[r g fletcher] 25/9/2014 07:31

Which is more than can be said for the company.

[swizz] 25/9/2014 07:30

No worries, keeps the thread alive 😉 .....GL S

[divmad] 25/9/2014 07:26

Apologies swizz. Just reading back the last rns. Must keep up!

[swizz] 25/9/2014 07:20

It is a Mercer invested company....DYOR.....GL S

[divmad] 25/9/2014 07:13

What's this got to do with Mercer?

[swizz] 25/9/2014 07:11

Zoltav have released their half yearly report today, highlights and link below......GL S

Summary financials

· Maiden revenues for Zoltav of US$1.6 million from 13 days' production from Bortovoy Licence

· Operating loss US$6.7 million (H12013: US$2.3 million)

· Cash resources and undrawn facilities at 30 June 2014 were $21.3 million

Symon Drake-Brockman, Executive Chairman, said:

"The first half of 2014 saw a significant corporate milestone in the recording of Zoltav's first revenues from 13 days of gas and oil production.

"With the acquisition of the Bortovoy Licence now complete, our focus there is on operations and in particular on ensuring that the Western Gas Plant is operating at full capacity; while concurrently developing an appraisal strategy for the highly prospective eastern fields. At Koltogor, the work programme which was completed during the period under review has resulted in the prospect that the licences are substantially larger assets than previously envisaged."

[hedgehog 100] 11/9/2014 20:07

From "The Times", Wednesday September 10 2014:

"Fairfield considers options for a fresh shot at London

Gary Parkinson Market report

If at first you don't succeed, then come back four years later. Remember Fairfield Energy? This is the North Sea oil and gas company owned by private equity that hired Goldman Sachs and Credit Suisse to advise on a London floatation back in 2010. Its ambitions to raise at least £330 million, which would have delivered Fairfield a market value of upwards of £720 million, were thwarted after it failed to drum up enough interest among investors. The float was pulled.

In the past month, so it is rumoured, Fairfield has looked at a reverse into Calgary, quoted in Toronto, with assets in the North Sea and elsewhere and run by Jacob Ulrich, formerly the senior energy adviser to Och-Ziff, the hedge fund. That didn't work out, either.

Now, apparently, Fairfield, owned by a consortium of private investors led by Warburg Pincus, is being advised by Rothschild on alternative routes to the public market. Perhaps via another shot at a London floatation or, more likely, a reverse takeover of any one of a number of quoted oil producers with UK assets and a yawning disparity between their values and market capitalisations. Ithaca Energy (off 1¾p at 133p), Faroe Petroleum (¾p easier at 107p) and Providence Resources (up 1½p at 132½p) were mentioned by speculators as potential targets. So were others.

The wider market was soggy. ..."

[swizz] 09/9/2014 20:32

Partly OT - Game on in Australia (so to speak) Stanhill and Droxford launch their bid for Robust Resources....GL S

Link....

[okuta] 03/9/2014 20:02

Nice upturn in the share price of ZOL today/rgds

[encarter] 18/8/2014 08:07

Robust resources ready for takeover.
Mercer resources ready for take off.

[swizz] 15/8/2014 06:32

Partly OT - It has just got very interesting at Robust, Stanhill and Droxford launch joint take over bid at $0.49c and the bid is backed by the Robust board........GL S

15 August 2014

POTENTIAL JOINT TAKEOVER BID FOR ROBUST RESOURCES BY DROXFORD INTERNATIONAL AND STANHILL CAPITAL PARTNERS

"Potential proposal to acquire Robust at $0.49 per share subject to joint bid agreement, ASIC approval and target board recommendation
Stanhill Capital Partners Holdings Limited and its affiliates (Stanhill) and Droxford International Limited (Droxford) (together the Bidders) announce that they are currently in discussions with each other and with Robust Resources Limited (ASX: ROL) regarding the making of a potential joint off-market takeover offer (the Proposed Offer) for ROL. The Proposed Offer is subject to entry by the Bidders into a joint bid agreement in respect of the Proposed Offer.
If the Proposed Offer proceeds, the Bidders will make offers to acquire all of the ROL shares in which they do not already have a relevant interest at $0.49 per share. This represents:
• a 66% premium to ROL's most recent closing price of $0.295 per share; and
• premiums of 111%, 79% and 74% over the volume weighted average price of ROL over the past 3, 6 and 12 months respectively prior to Stanhill's announcement of its intention to make a takeover offer on 1 July 2014 for $0.28 per ROL share (later
increased to $0.315).
The Proposed Offer is further subject to the Bidders obtaining the requisite Corporations Act exemptions from the Australian Securities and Investments Commission consistent with ASIC's existing policy on joint takeover bids and the Robust board of directors recommending that shareholders accept the Proposed Offer, in the absence of a superior proposal and subject to an independent expert concluding that the Proposed Offer is reasonable to Robust shareholders.
If the Proposed Offer proceeds, it is expected that it would be subject only to a non- waivable condition that shareholders holding at least 50.1% of the ROL shares in which the Bidders do not already have a relevant interest accept the Proposed Offer. Such condition is required as part of ASIC's policy for giving exemptions to joint bids."

"Currently the Bidders together have voting power in approximately 46.6% of the ROL shares on issue. A notice of change in substantial holding by Stanhill is attached to this announcement."

For further details on this announcement, please contact:

Michael Mullane, Cannings Corporate Communications (Public Relations Adviser to Stanhill): [phone]

Links....

[okuta] 14/8/2014 17:57

Let's hope it can carry on as it has done today - up 6% , goodo

[t 34] 12/8/2014 21:18

They must be pretty sure that this investment in zol will come good.