Share Name Share Symbol Market Type Share ISIN Share Description
Netcentric Systems LSE:NCS London Ordinary Share GB0031782278 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.0 -0.1 -0.1 - 0.00

Netcentric Systems Share Discussion Threads

Showing 3276 to 3298 of 3300 messages
Chat Pages: 132  131  130  129  128  127  126  125  124  123  122  121  Older
DateSubjectAuthorDiscuss
23/10/2007
06:17
Dave warran on iii AKA cbb/mike 'Oh well down again..... but another $75k in the bank I suppose. I find it hard to believe that Tomco energy has a greater Marcap than Meridian. They produce 18 BOPD! LOL'
nakedshorter
15/1/2007
12:35
Netcentric/NCS From the horses mouth [Chairman] so to speak.... Dear All resolutions were passed today with percentages like 90% and 99%, so we are officially TomCo Energy Plc. The Ticker will change to TOM.L tomorrow.
albertusstrasse48
15/1/2007
08:18
So Howard took Cadence all the way to this in a very short time.... Cadence Resources Announces Completion of Merger with Aurora Energy TRAVERSE CITY, Mich., Oct. 31, 2005 (PRIMEZONE) -- Cadence Resources Corporation (OTCBB:CDNR) announced today that its merger with Aurora Energy, Ltd. of Traverse City, Michigan was completed yesterday. Under the terms of the merger, Cadence acquired 100% of the outstanding stock of Aurora Energy in exchange for the issuance to Aurora shareholders of 37,512,366 shares of Cadence common stock. In addition, Cadence has reserved up to 10,497,328 share of its common stock for issuance upon the exercise of outstanding Aurora stock options. Aurora is engaged in the development of unconventional gas reservoirs such as black shales, coal seams and tight sands. Aurora has assets and acreage in the Michigan and Illinois basins. Aurora's assets include over 143,000 gross acres (65,000 net) of oil and gas leases in Michigan's Antrim play, and interests in over 520,000 gross acres (225,000 net) in the New Albany shale gas play in Indiana and Kentucky. "We are thrilled to finalize this merger, which we believe will produce synergies for the combined enterprise," said Howard Crosby, the outgoing Chairman and President of Cadence. "We believe that with Aurora's gas acreage and experienced and talented management team, the company is positioned to substantially increase its presence in natural gas reserves and production in the upper Midwest," said Crosby.
iec4
15/1/2007
08:17
Howard M. Crosby - President, Cadence Resources Corporation "THE OIL FACTOR paints a bulls-eye squarely on the biggest problem facing the American economy in the early 21st century....that is, how are we to cope with the end of cheap, readily available conventional oil and natural gas? How we answer this question will surely dictate the future for our children and grandchildren." Guess he knows the answer.......
iec4
15/1/2007
08:17
Howard seems pretty good at this Cadence Resources has accelerated the drilling program for its natural gas project in De Soto Parish, Louisiana. The joint venture between Cadence and Bridas Energy USA is now drilling its third well, the J.B. Barr #28-1, which is currently at a depth of about 7,500 feet and should achieve a total depth of 10,300 feet on or about September 29, 2003. The Company has a 45% working interest in this well which is targeting multiple pay zones in the Hosston and Cotton Valley sands. Given the excellent Related Products Making Hole - Rotary Drilling Series Unit 2 - Lesson 1, 3rd Ed. Drilling Technology for the Man on the Rig results achieved to date from the first two wells, the JV elected to embark on a more aggressive drilling schedule, in order to have substantial gas available for sale during the coming winter and beyond. To date, the third well has encountered several shallow indicated pay zones of interest, as well as the expected indicated pay zones in the Hosston formation which were also encountered in previous wells. All of these zones will be more fully evaluated upon logging of the well at total depth. "The enhanced validation of the Logansport property by finding gas at a much greater distance away from the first and second wells is highly encouraging," said Howard Crosby, President of Cadence. In other news, the joint venture is progressing with completion of its two other wells in the area, the Ardis Martin-Timber #1 and the Mary Belle Smith #1. The joint venture has completed two stages of a planned four-part completion process on the Ardis Martin-Timber #1. The well has been intermittently flowing gas from different perforated pay sections in the Cotton Valley formation, some of which has been delivered to the marketplace. It is expected that the completion process on this well will be done by about October 6, 2003 and the well will then be placed in full commercial production. The joint venture has also begun completion of the Mary Belle Smith #1, on which it is also planning a four-stage completion process. The first stage of the process is currently underway. The joint venture expects that the Mary Belle Smith #1 will be fully completed in about five weeks
iec4
15/1/2007
08:16
Howard likes his JV's Cadence Logs Major Natural Gas Pay in De Soto Parish Cadence Resources Thursday, August 21, 2003 Cadence Resources reports that its second well in De Soto Parish, Louisiana was highly successful. The project is a joint venture between Cadence and Bridas Energy USA. The well, the Mary Belle Smith #1, was drilled to a total depth of 10,300 feet targeting multiple pay zones in the Hosston and Cotton Valley sands. Results of the well logs indicate that there are 115 feet of pay in the Cotton Valley and 319 feet of pay in the Hosston sand formations. Cadence has a 25% working interest in this well. Related Products Basic Drilling Technology - English Blowout and Well Control Handbook Commented Lucius Geer, Chief Consulting Geologist of Cadence, "We are extremely pleased with the results of this well. I have spent years reviewing and studying the many successful wells which have been drilled in the vicinity of this well and am unaware of any other well with this much indicated pay in the Hosston formation. This is truly an exceptional well from an oilman's perspective." The terms of the joint venture with Bridas Energy USA are that Cadence is carried for a 25% working interest on the first well that was drilled, the Ardis-Martin Timber Co. #1. As reported on 7/17/03, that well, which was drilled to 10,262 feet, contained an indicated 107 feet of pay in the Cotton Valley and 186 feet of pay in the Hosston and is now in the process of being fractured and readied for production. On subsequent wells within the 640-acre section containing the first well, Cadence earns a 25% percent working interest by funding 25% of the drilling, completion, and facilitation expenses. On other wells outside of the initial 640-acre section, the Company will earn a 45% working interest by funding 45% of the expenses. On average, the leaseholds the Company controls carry an approximate 80% net revenue interest. The joint venture controls approximately 3800 contiguous acres in the area. A third well, the J.B. Barr 28-1 is currently being permitted and drilling is expected to begin within thirty days. On that well the Company will earn a 45% working interest. Commented Howard Crosby, President of Cadence, "Obviously we are very pleased to have continued successful drilling results on this project, and are particularly excited about the thickness of the Hosston intervals as that is apparently unprecedented in the area. Our strategy with Bridas over the next four months is to drill four more wells in more or less the "corners" of our acreage package and complete them for production. This will have the effect of proving up the remainder of our ground under lease".
iec4
15/1/2007
08:16
Bit of history, will it be repeated? Cadence Farms Into Antrim Shale Wells Cadence Resources Friday, December 13, 2002 Cadence Resources Corporation has signed a participation agreement with Aurora Energy granting Cadence participation rights for a twenty five percent working interest in potentially as many as 200 shallow natural gas wells in the Antrim shale. The Antrim shale is a well-known productive shale and has hosted as many as 8000 natural gas wells, a large percentage of which are still in production. The wells are projected to be drilled to shallow depths of between 300 to 1000 feet. The average daily Related Products Nontechnical Guide to Petroleum Geology, Exploration, Drilling, and Production, 2nd Ed. Rules of Thumb for the Man on the Rig production from Antrim wells is typically about 130 mcf, with a reserve of about 500,000 mcf. The average life expectancy of these wells is about 30 years, although some Antrim wells have produced commercially for in excess of fifty years. According to Howard Crosby, President of Cadence, "We believe the Antrim property is an exceptional addition to our natural gas property portfolio. Our strategy is to participate in as many wells as possible in the Antrim shale so that we are involved in a statistically meaningful number of wells." The terms of the deal call for Cadence to participate for a 25% working interest by paying its share of incurred land lease costs, as well as drilling and completion costs. Prior to payout, Aurora will receive 10% of the Company's working interest, and after payout, will receive an additional 10%. Cadence has the right to participate in an initial 100 well program and if the Company participates in the first 70 of these wells, will have the right to participate in an additional 100 wells. Aurora currently has sufficient acreage under lease in Michigan for an estimated 250-300 wells and is very actively assessing other property with Antrim shale potential. It is expected that drilling will begin before the end of the year on the first package of wells located in the "Black Bean" unit. In other news, the Company's 2B well that was drilled in October encountered 41 feet of indicated pay in the Canyon limestone as announced previously. The Company attempted to complete this well by perforating the lower 21 feet of this pay. Unexpectedly, the Company encountered persistent inflows of salt water, probably from a heavily karsted portion of limestone at depth. The Company elected to plug the bottom portion of the hole, but still has the option of attempting completion of the upper 20 feet of pay. Depending on the recommendation of the Company geologic advisors, the Company may attempt this perforation in the early part of 2003. The Company has also completed processing of 3-D seismic shot on its latest reef targets on the West Electra Project in Wilbarger County, Texas. The West Electra Project is a 50/50 joint venture with the Waggoner Ranch which is also the owner of the acreage on which the project is located. The results of the seismic survey have confirmed the presence of several sizable reef targets that the Joint Venture will likely decide to drill soon. A large structure in the Noble limestone has also been delineated. At present the drill rig is scheduled to be on site on December 26th and will spud the hole the following day excepting any changes by the project managers. The hole is expected to reach a total depth of about 4200 feet and will test the Canyon reef target as well as several other formations of interest.
iec4
12/1/2007
15:40
'IM PRETTY SURE THOUGH THAT THE MMS ARE GOING TO MUG ALOT OF PEOPLE WHO ARE BUYING IN NOW OVER THE COMING DAYS' looks like that is exactly what they have done today
mariannejane
12/1/2007
10:01
FISH. Yes it is a poorley researched webb page. I like the fact that the say that they have a 26% success rate. how about the 74% failure rate no mention of that on there front page.
william-just
12/1/2007
08:49
mariannejane, Thank you for providing the link, which I think is poorly researched, but please as you have no interest in this share, and have probably done little research, statements like this are not needed, IM PRETTY SURE THOUGH THAT THE MMS ARE GOING TO MUG ALOT OF PEOPLE WHO ARE BUYING IN NOW OVER THE COMING DAYS Regards, fn.
fishyneck
12/1/2007
08:45
Interesting point that you make there Skiboy10 about alternative forms of financing for TomCo Energy's oil deals. Really does seem to be a very misunderstood area, but the fact is that most of the financing comes in the form of non equity! For example debt secured against the oil production with only relatively small amounts of equity required is one of the main and most obvious ways. There are also of course other forms of "non-equity" financing deals that can be done. For example a group of investors could put in X amount of millions of $'s in return for a very attractive slice of the action [majority] whilst TomCo Energy still get well rewarded [significant minority] without having to put any money up....only the well known skills of Howard Crosby and his gang of Oilers with sh*t all over their boots! Always pays to be a lateral thinker!
albertusstrasse48
12/1/2007
08:44
mariannejane - 12 Jan'07 - 08:43 - 70 of 70 (Filtered)
iec4
12/1/2007
08:44
ALLNEWISSUES.COM IS WHERE ARTICLE IS FROM
mariannejane
12/1/2007
08:43
IEC YOU REALLY ARE A SAD INDIVIDUAL, I HAVE NO INTEREST IN THIS SHARE AS I STATED EARLIER.
mariannejane
12/1/2007
08:41
The Companies strategy is two-pronged: Firstly to hold the TomCo leases as a long term asset to be exploited when the commercial conditions are suitable, expected to be within 6 years. Secondly, to acquire and develop conventional oil assets in the USA. Led by Howard Crosby and John Ryan, the Company will concentrate principally on acquiring participations in shallow producing oil wells and proven drilling prospects, principally by leveraging their expertise and extensive industry contacts. Howard Crosby and John Ryan were directors of Cadence Resources which rose in value from under US$1 million in 2001, when the company adopted its oil and gas investment strategy, to over $450 million in June 2006 when Mr Crosby stepped down as director. Together with John May, our financial director, they are also directors of Platinum Diversified Mining Inc which raised $79.5m when it moved to AIM in March 2006 www.tomcoenergy.com DYOR!
iec4
12/1/2007
08:05
Still pretty early days, but once the RTO goes through and TomCo Energy PLC is "alive and kicking" so to speak....expect some really decent news flow and RNS's!
albertusstrasse48
12/1/2007
08:01
mariannejane - 11 Jan'07 - 23:27 - 61 of 65 (Filtered) Another one with their own agenda comes along thinking they have missed the boat......
iec4
12/1/2007
08:00
EGM on Monday Tomco Energy on Tuesday http://www.tomcoenergy.com/
albertusstrasse48
12/1/2007
07:41
WINS again open early and a big mark up on the bid
skiboy10
12/1/2007
07:35
could pass the 5p mark now
william-just
12/1/2007
07:20
Also no mention of where the article came from. Is there an attempt to hold the price down. We all know the oil shall is a long term project as stated in the RTO document and short term is to purchase oil producing sites. These guys know how to make money and I for one am in 100%.
william-just
11/1/2007
23:27
Netcentrics/ The Oil Mining Company - Avoid Background - Netcentrics, an investment vehicle on AIM is set to acquire The Oil Mining Company (TomCo). Netcentrics intends to issue 200 million shares at 2.5p valuing The Oil and Mining Company at £5 million. The company intends to place 51.2 million shares at 2.5p per share raising £1.28 million before expenses or £685,638 net of expenses (it strikes us that a large amount of the placing goes towards paying fees!). The market capitalization of TomCo post admission is expected to be around £10.51 million. The net proceeds of the placing will be used to fund the acquisition of producing oil wells and proven shallow drilling prospects in America. The acquisition is dependent on shareholder approval and if all goes well at the EGM scheduled for 15th January, shares in the enlarged group should start trading on 16th January. Operations - Netcentrics first listed on AIM in 1995 as Manx & Overseas. In July 2005, following its first reverse takeover, it was renamed Netcentrics Systems and was involved in the development of software products on the internet. For a number of reasons, the trading activity of the company ceased and Netcentrics was soon transformed into a cash shell. TomCo, incorporated in Utah, USA, holds two State of Utah oil shale leases spanning 2,918 acres in the Green River oil shale formation. This location contains the largest known oil shale deposit in the world. It is estimated to contain 230 million of barrels of oil and according to Shell could be extracted at $30 per barrel. TomCo now has two options - hold the leases and sell them in the long term if an appropriate commercial opportunity arises or develop the assets in America. If it pursues the second strategy, it plans to acquire interests in shallow producing oil wells and gradually build a portfolio on oil producing properties that will generate sustainable cash flow for the company. The management of the company is more likely to focus its attention on oil rather than gas for cashflow purposes. The management of TomCo is looking for targets located in shallow projects above 5,000 feet, and more specifically in areas like Texas, Oklahoma, Louisiana, New Mexico and Wyoming. The targets must have proven resources and the target investment price for producing oil assets must be $12 - $15 per barrel. TomCo is looking for private companies where directors have majority shareholdings and are self invested. Business development - TomCo holds the leases in what is considered to be the largest known shale formation in the world. Oil shale is a term that is used to describe the shales that can produce synthetic petroleum. The cost of extraction is relatively high to other resources used to derive petroleum and for this reason oil shales have not been used extensively on a commercial basis. The extraction of oil from these resources is estimated at levels above the long term historic price of oil, but it is the management's belief that technological innovations will provide the necessary economic tools for commercializing these oil shales in the future. The US Geological Survey has reported that this region has the potential of producing approximately 195 million barrels of oil. SPK has independently estimated the potential oil content of TomCo leases and has stated that in the three eastern lease areas alone, there could be 200 million tons of oil shale with a potential yield of 120 million barrels of oil. At the three western lease areas, the oil shale resource lies below 300 to 700 feet making it rather difficult to make any suggestions for estimated resources. As America is currently a net importer of oil and is willing to decrease its reliance on foreign resources, there is an increasing trend to try and take advantage of its oil shale deposits by introducing economic technologies. In addition, the Naval Petroleum and Oil Shale Reserves office of the US Department of Energy has claimed that the oil shale industry could achieve a production of 2 million barrels per day by 2020. Management - Stephen Anton Komlosy is the executive chairman of the company and was appointed to the board in 2001. He is a member of MENSA and has been director of many companies operating in the UK and USA. Until October 2005, he served as the chairman of London and Boston Investments. He is a director of Avatar Systems and has previously been director of LPO, Pavillon Leisure and Branon. Josh Joseph May is the executive director of the company and is a qualified chartered accountant. He was previously finance director of London and Boston Investments and Healthcare Enterprise Group and non-executive director of Croma Group. He has worked with Horwarth Clark Whitehill for the past 17 years and is currently a non-executive director of Platinum Diversified Mining, Avatar Systems and Southbank UK. Gerard Maurice Thompson is an executive director and graduated from Yale and completed a post graduate degree at John Hopkins University. He serves as managing director of AIG Trading Group and has been a vice president of Smith Barney & Co and vice president of Merrill Lynch International (in the US everyone is a VP in the corporate world - do not get too excited about that title) He is currently chairman of Energy Technique and a director of Croma Group. Howard Mattes Crosby has all of five years of experience in the mining sector and serves as the executive director of the company. He was previously president and CEO of Cadence Resources which recently merged with Aurora Energy of Michigan. He increased the value of Cadence Resources from less than $1 million when he joined to more than $450 million when he left the company. He is currently the director of Platinum Diversified Mining. Conclusion – We have our concerns about the resources sector. While the group might hold leases and licences to oil shale projects, it might take a few years for the team to commercialise its prospects. With limited cash in the bank, we fear that the group will inevitably have to raise new equity in the future and given the markets or in fact the oil price, this may prove to be hard. If you are interested in the oil sector, there are established producers on AIM that might be worth looking at. For now, we'd suggest avoiding Netcentric.
mariannejane
11/1/2007
17:32
EGM on Monday Tomco Energy on Tuesday http://www.tomcoenergy.com/
iec4
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