Messaging International Share Discussion Threads

[mcbeanburger] 14/3/2012 08:14

I was right but its not the complete picture as I had hoped. let's see what the market makes of it.

Marauder Resources East Coast Inc. Announces Amendment to Previously Announced Memorandum of Understanding and Agreement in Relation to Up to US$15 Million Debenture Financing
CALGARY, ALBERTA--(Marketwire - March 13, 2012) - Marauder Resources East Coast Inc. (the "Company" or "Marauder") (TSX VENTURE:MES) is pleased to announce that its previously announced Memorandum of Understanding with the Government of Puntland has been amended following a thorough technical review by the Company. Marauder has selected an offshore block, covering 10,000 km² in the Gulf of Aden, in which to focus its exploration efforts, believing the acreage has the best exploration potential of the three blocks reviewed under the original Memorandum of Understanding. Under the current MOU, Marauder and the Government are working toward executing a production sharing agreement ("PSA") on or before July 15, 2012. If the PSA is executed, Marauder would be operator and 100% working interest holder of the block that will have an initial exploration period of three years with a right to extend into a second three year period. The area is an extension of the Dharoor sub-basin where an exploration well is currently being drilled onshore by Horn Petroleum. The geology is analogous to the Sabatayn and Sayun basins in Yemen that contain an estimated 6 billion barrels of recoverable oil.

Marauder has entered into an agreement with a private financial organization for a convertible debenture of up to US$15,000,000 and is subject to due diligence. The financing will allow Marauder to sign a formal Production Sharing Agreement with the Government of Puntland and commence an exploration work program over the block. The final terms of the convertible debenture financing will be announced by Marauder once settled.

This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, anticipations, expectations, opinions, forecasts, projections, guidance or other similar statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses and health, safety and environmental risks), commodity price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




Source: Marketwire Canada (March 13, 2012 - 7:58 PM EDT)

[mcbeanburger] 12/3/2012 17:46

something cooking in the mes kitchen? well just maybe.

[mcbeanburger] 05/3/2012 20:22

i'm liking the action today - sellers are met with strong buying. me thinks we are close ....

[mcbeanburger] 05/3/2012 20:02

hi Red - welcome aboard. the last rumour regarding deal % was that mes was going to get a bigger slice of the nugaal east then originally agreed. i can only assume that one of the players has pulled out.

last funding round of 400k was a surprise as i was expecting sheilds to do the whole hog and go for something like 50mil. it looks like mes is looking to leaverage off the oil strike in puntland and get a higher strike price.

time will tell.

[ih_37169] 05/3/2012 19:52

Hi all. Waiting patiently for the 2 offshore PSCs and the on onshore( Production Service Contracts ) to be completed, but I realise the importance of them and all the final due diligence and all the backroom players that might have a say in these ( Africa Oil corp, Lundin Group, etc.) Also there may also be some farmin negotiations going on with some of the supermajors.

Redinvest, AKA Red ( from the Ihub message thread and the Elephant Fields Yahoo Group. )

[nicedude1976] 02/3/2012 16:43

It's a bull market and this has been in a one for 3 years now.

[stevn] 02/3/2012 15:41

"if you want more MES you better hurry Stevn"

Yes I'm anticipating an announcement very soon, however focusing on RMP and RRL for the time being for Puntland play's (40:60), possibly put too much faith on T&T...:), and while I think about it where's that b£oody Albrecht result??

Very happy with performance of both RMP and RRL this year and the fireworks haven't even started yet (assuming the front page tabloids are to be believed, I miss the NOTW, a fake sheikh story would be nice round about now to help uncover the truth:))

[mcbeanburger] 02/3/2012 14:25

chart tests

tests fail. I have asked stockcharts to include advfn.com imaging in their setup. doubtful they will respond positively

[mcbeanburger] 02/3/2012 14:23

yeah its a pain with Stockcharts and ADVFN. hmm let see if other ways possible - i will have a play.

the Mc part of my handle is real the rest is made up. being Canadian heritage is never straight forward.

with Horn and AOI up in premarket if you want more MES you better hurry Stevn.

[stevn] 02/3/2012 13:50

No probem McBeanburger, thought yesterdays +26% graph might brighten the place up:)

Was pleasantly surprised that I could buy MES direct from H&L.

Being optimistic, I've already got the W-8BEN form filled out and in the post as I intend to buy on future dips if we get the award.

Not quite Nordic, Scottish, guessing by the name you also have some of the blood in you.

Here's to a very profitable future:)

[mcbeanburger] 02/3/2012 09:33

welcome Stevn.

Nordics?

unfortunately I have to save a picture and then post it on imageshack.

i have put links in the header for both the daily and weekly. so you can look at that anytime.

[stevn] 02/3/2012 08:33

Hello McBeanburger,

Bought into MES a couple of days ago (having watched for too long:)), any chance of fixing the forum gragh? or can it not be real time due to being on the Canadian exchange?

[mildred49] 29/2/2012 22:59

Looks to me like they got a listing just so some people could sell. What a cynical lot that would make them.

[mildred49] 29/2/2012 22:58

Perspective is always useful

[43rick] 29/2/2012 22:45

Wonder what your agenda is mildred49!!! Wonder on how many more websites I am going to find your irrelevant graphs. Share price of this compnay has been on an UPWARD trend since the start of 2009. It is debt free and growing cash.

[mildred49] 29/2/2012 16:23

Those companies all perished during Bull markets ! How is this tiddler going to fare in a Bear market when it could be starved of capital?

[mildred49] 29/2/2012 16:20

Will this join the graveyard for companies which couldn't cut the mustard in the highly competitive and constantly changing technology world ?

Anybody remember the following hot stocks all in the exciting growth market of mobile content (ringtones/games/gambling/porn etc) ...

Stream Group (SEA) "Mobile Dating, Payments and Gambling- will Stream become a torrent?"



or

Yoomedia (YOO) "YOOMEDIA DISCUSSION FORUM!!"



or

KIBI (KIBI) "Ki-Bi One to watch"

[43rick] 29/2/2012 15:41

Looks as if that 5mill trade - announced as a delayed trade and dated 24th Feb - may have injected some liquidity. Now could well be the time to increase holdings at 0.9p.

[mcbeanburger] 29/2/2012 11:50

hargeaves lansdown punt AOI and east africa

[tomboyb] 28/2/2012 15:15

There was a 5mill sell at 0.85p - which the MMs took quite well - that has however left an overhang here -

[mostyn] 28/2/2012 13:34

The shares are now cheaper than ever following the buyback. If they improve on last year's performance even by 10% the p/e ratio should be around 4. Well under the radar at present. We could do with the board doing something to try and raise awareness and improve liquidity. A dividend payment would be a start.

[43rick] 28/2/2012 07:40

A few more details - apparently debt free and growing cash position -

The group's cash position at 31 December 2010 was £357,319. The board is not recommending the payment of a dividend but continues to review the position.

The Company's cash position at 30 June 2011 was £393,311. Borrowings listed as zero.

[mcbeanburger] 27/2/2012 20:56

worth book marking good east African Oil & Gas.

[mcbeanburger] 27/2/2012 16:50

mes up 44%... news come perhaps?