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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sterling Green | SGG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 0.44 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.44 | 0.44 |
| Top Posts |
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Posted at 10/6/2012 10:11 by southern lad2 Fastnet Oil & Gas, a new company backed by seasoned Irish exploration investors, will begin trading tomorrow in London and Dublin after raising £10m (12.4m).The placing at 11p a share values Fastnet at 25m. The company has appointed Dr Stephen Staley, a non-executive director of Cove Energy, as chief executive and Cathal Friel, a co-founder of corporate advisors RaglanCapital, as non-executive chairman. Fastnet, which has interests in Ireland and is looking at opportunities in Africa, will list on London's AIM market via a reverse takeover of Terra Energy. It will also list on the Enterprise Securities Market of the Irish Stock Exchange in what is a rare boost from an indigenous float. The listing brings together some of the shrewdest exploration investors in Ireland. Tommy O'Gorman, an early backer ofPetroceltic and Cove Energy, is a significant shareholder; Michael Nolan, a Cove founder and director is on its board; and John Craven, the petroleum geologist who is CEO of Cove, is an adviser. About 28 oil and gas institutional investors including multibillion funds Henderson Global Investors, CQS Asset Management and BlackRock Investment Management are all shareholders in the new venture. Raglan Capital owns about 12 per cent of the company on the behalf of Friel and private investors. "We're hoping this will reignite the Irish exploration sector," O'Gorman said. "We're coming on the back of a great story at Cove Energy." Fastnet has three Celtic Sea licence options applications pending and is also in talks over deals in Africa, where its backers have considerable experience. "Given the providence of Tommy O'Gorman and the Cove guys in Africa, we can see deal flow," Friel said. "There is nothing definite in Africa yet but we are hopeful we will be able to make some announcements." Fastnet is examing potential investments in East andNorth Africa where its board and advisers have considerable experience. "We are listing in Ireland to give us access to Euro dominated funds," Friel said. It also suits the firm's Irish investors, he added, who have been staunch supporters of exploration in Ireland for decades. "From an investor point of view, it is very exciting," said the Newry-based O'Gorman. "Fastnet has a very bright future." Michael Edelson, the millionaire non-executive director of Manchester United -- a man known as the "Shellmeister", because he has backed so many cash shell companies -- is the forth member of Fastnet's board. Paul Griffiths, the founder and ex-chief executive of Island Oil & Gas is, like Craven, an adviser to the company. Cove Energy, meanwhile, is currently the subject of an ongoing 1.5bn takeover battle because of its exciting interests in Tanzania, Mozambique and Kenya.Thailand's PTT Exploration and Production and Royal Dutch Shell are among the bidders reporting to be circling it. East Africa is expected to become one of the world's largest gas exporters to China after a string of major discoveries across Mozambique and Tanzania. Cove has an 8.5 per cent stake in a massive gas find offshore of northern Mozambique as well as interests in Kenya. |
Posted at 20/5/2012 13:06 by bricktycoon Get ready for this to soar next week with massive buys on Friday and investors chronicle write up 1 p very soon buy buy buy gla |
Posted at 19/5/2012 14:49 by solarno lopez Solid write up in Fridays Investors Chronicle rated a good buy with excellent prospects and quality management team from COVE |
Posted at 16/5/2012 18:39 by 345654 But no vendors are selling topinfo, that is why the price is barely movingand well down from price return from suspension, also why it is very easy to buy millions online but not that easy to sell size, surprised you still hold, 2 days is equivalent of 2 years to a normal investor. |
Posted at 14/5/2012 10:08 by tomboyb Cove chief backs new Aim oil explorerBy Michael Kavanagh John Craven, chief executive of Cove Energy which has recommended a £1.1bn takeover by Royal Dutch Shell, has emerged as backer of a new Aim-quoted oil explorer. Steve Staley, a non-executive director of Cove Energy and proposed chief executive of the new venture, confirmed that Mr Craven would be a shareholder and sit on the advisory board of Fastnet Oil and Gas, being created out of a reverse takeover of Dublin-based Terra Energy by cash shell Sterling Green. Mr Craven will not sit on Fastnet's main board. However, Michael Nolan, Cove's finance director, is a proposed non-executive director of Fastnet. The company has also recruited Michael Edelson, non-executive director of Manchester United whose reputation of helping create numerous cash shell companies brought to the Aim and Plus markets in London has earned him the nickname of "The Shellmeister". Both Mr Craven and Mr Staley are in the final stages of closing a sale of the African-focused oil and gas group, whose main asset of a 8.5 per cent stake in a gas field off Mozambique was acquired for a headline price of just over $3m in 2009, following a protracted auction. But in spite of the overlap of people involved, Mr Staley said: "We are not Cove Mark II." The company, which is raising an initial £10m at 11p a share from institutions and individuals, has made securing exploration acreage in the Irish section of the Celtic Sea its first priority. According to Mr Staley, Fastnet hopes to secure blocks off Ireland's southern coast in the Fastnet, Molly Malone and Mizzen basins and conduct further seismic exploration and appraisal work, following recent drilling success in the region by fellow Aim-quoted Providence Resources. But he confirmed that Fastnet would also be aiming to exploit the expertise of its board and advisers in targeting exploration projects in east and north Africa. Mr Edelson said he expected investors in the venture to profit from "leveraging the experience and contacts amongst the proposed new directors and advisers". A proposed sale of Cove Energy appeared to move a step closer last week after the Mozambican government confirmed its approval for a sale to Shell. Uncertainty over the amount of tax that might be payable to Mozambique on the sale of its 8.5 per cent stake in a field operated by Anadarko Petroleum had prompted an effective suspension of the competitive auction in March. A counter-bid to Shell's original offer of just under £1bn made by Thailand's PPT Exploration in February prompted Shell to raise its offer to £1.1bn in April. Though it has been recommended by the Cove board, PPT has reserved its right to made a further approach. |
Posted at 15/4/2012 22:51 by goodboke I certainly have started something here.A ten bagger is not on the cards and even bricky knows that but thats part of his comical style.I am basing my optimism on the influential investors who have taken a significant stake!tThey know the deal being put together in my opinion and gives a clue to a good rise in the share price on relist.I certainly dont expect sub 1p! |
Posted at 15/4/2012 21:42 by goodboke Hatetrader trawls the boards trying to wind people up.He is usually to be found when a share has a sudden spike and will deramp.Sad really!I mean he doesnt even know the extent of the deal being done and yet without any info he deramps. His name says it all really.You only have to look at the near 20% stake being taken up just before suspension by the high profile investors to know a decent deal is being put together.They are not buying 20% just to make peanuts!I would be very surprised to see these trading below a penny on re-list. |
Posted at 12/2/2010 18:21 by rusty9717 Just in from a hard day at work, thanks for the reply. Going to get my head down to do some reading over the weekend. I do agree though, it is nice to have a sensible chat regarding certain shares. Another in my portfolio is PCI, the BB is always busy, but since the share came on so many different types of investors radar it really has become just a slanging match and since then I havn't even checked the price. for me they are a 18 month punt. I will either make a fantastic ammount on my 4k investment or I will break even.It is interesting that you get to know the well informed posters who are the regulars and can take some solace in what they are posting both on the PINN board and up until recently PCI. I only invest my overtime and what I can afford to lose and actually find it quite fun in a sadistic kind of way. There are plenty who do appreciate the time people take to post information that is of use. I know of plenty of people who I work with who read the boards but are not that knowledgable to post anything in reply but believe me it is of great use. Have a great weekend all. Rusty |
Posted at 11/2/2010 18:19 by rusty9717 Dubois,Hi, I know I am always asking questions and never really offer much the other way, for that I am as always very grateful. Am doing a bit of reading and looks fairly appealing here although there have been very few trades over the last few weeks. Well according to this site anyway. Will have a better look at the weekend. Are we expecting some action or news fairly soon here?? Thanks again. Been reading PINN everyday for the last 10 months, been in and out twice and got in at 0.007 but could not resist a five bagger. Am still holding firm! so thanks once again and hopefully all the regulars who have kept the faith at PINN will be richly rewarded. Great to talk with genuine investors on a civilised and informative BB. So apologies if it feels I am following you chaps around!!!!! But I know your advice and help is as genuine as it gets out there. Regards Rusty |
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