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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Woburn Energy | WBN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 1.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.00 | 1.00 |
| Top Posts |
|---|
Posted at 28/4/2014 23:14 by piperpeter Best possible value for shareholders?Will Paraguay prove to be an oil and gas investors' dream? Will President Energy be big in South America? Will England be in the World Cup final? Good each way bet? PPC ;) Pp. |
Posted at 22/4/2014 16:11 by smcl Thanks Gismo. Point taken. But each to his/her own. The plain facts are that we are at the mercy of a BOD with very limited concern for the 20% of investors... who with significant dilution would potentially be totally eliminated.No offence but all opinions count. I wish all well but contacting them.... what they tell us is what they want to tell us.... sm |
Posted at 13/3/2014 20:10 by theshareguru Gismo as you know hashoo is a massive company I am sure that a intercompanyloan could be arranged, I must say that the extra news took me by surprise as the doctor didn't mention it, and why all the cloak and dagger stuff it seems the doctor was right when he said to me we want woburn to go forward , and create investor wealth or words to that effect. |
Posted at 06/2/2014 16:20 by wilburylover1 Yes Gismo Sharr comes across as a very nice person and very patient I bet she is getting quite a lot of nasty emails from some investors. |
Posted at 23/12/2013 16:31 by runnerpete22 TIDMWBN RNS Number : 2738W Woburn Energy PLC 23 December 2013 immediate release 23 December 2013 Woburn Energy Plc ("Woburn" or "the Company" or the "Group") Corporate update The assignment last year of the Group's 50 per cent. beneficial interest in the Las Quinchas Association Contract with Ecopetrol (the "Disposal"), constituted a fundamental change of business of the Company under Rule 15 of the AIM Rules and the Company became an Investing Company. As a Rule 15 Investing Company, Woburn had to implement its investing policy or otherwise complete a reverse takeover on or before 23 December 2013 or otherwise its shares would be cancelled from trading on AIM. The Company's investing policy is to make investments in the oil and gas sector and the Directors have focused on Europe, the Middle East, Africa and Asia. Investments may be made in exploration, development or producing assets. The consideration for the Disposal was payable in instalments and Woburn only received the final instalments, in aggregate amounting to US$3,913,123, in June of this year. As previously reported, the Board invested considerable time, energy and effort in seeking to acquire a Block in Myanmar, but considered the prices for which the blocks were eventually issued, far exceeded a value that could be justified to shareholders. Our objectives have been to conserve the Company's resources and to acquire a project which provides a platform for the future successful independent development of the Company in the oil and gas sector. The Board has identified a potentially attractive near term production project in Kazakhstan and which, in principle, would meet the Board's objectives. We have commissioned a competent persons report ("CPR") which is at a relatively advanced stage of preparation and the Board is hopeful that it might be finalised shortly. On completion of the CPR the Board will then be in a position to fully appraise, on an informed technical and financial basis, the prospects for the project, its potential returns and capital requirements and settle the acquisition terms of the Project with the vendor. The Board has already received a preliminary licence opinion and this, together with the CPR, form a key part of the Company's initial due diligence. The potential acquisition will not, however, be completed before the Stock Exchange deadline of 23 December 2013 and the Company's shares will be cancelled from trading on AIM with effect from 24 December 2013. The Board's current plan is to complete an acquisition or investment in a new project so that Woburn can reapply for its shares to be readmitted to trading on AIM as soon as possible. While the Board is hopeful that the acquisition of the near term production project in Kazakhstan will be completed, there can be no certainty that this will occur and in such circumstances, the Board will consider the alternatives. From 24 December 2013 the AIM Rules will cease to apply to the Company. The Board intends though to retain its website for investors and will continue where applicable to make announcements of key corporate developments. As previously notified, all future communications to shareholders will be via electronic format with access to documents via the Company's website. The Board understands that shareholders are frustrated by the slow progress and the prospects of being unable to trade in the Company's shares until the Company is readmitted to AIM. The Board however, has sought to identify a project that would be in the best interests of the Company and its shareholders. The Board looks forward to providing a further progress report in the New Year. For further information, please contact: |
Posted at 17/12/2013 12:58 by futhark Celebrating the company closure and rip off of the investors! |
Posted at 06/11/2013 05:09 by alwaysevolving Gis,thanks for posting your findings. Gives us a little hope howeverI still can't help but feel they are just clutching at straws in a token Effort to appease retail investors? They could have reversed in Hashoo assets Many moons ago if they had wanted. |
Posted at 16/10/2013 17:43 by harold larwood Crickey, the golf was windy today.I liked the bit about communicating with the company - a kind of "don't call us, we will call you" message. LJS, it will be interesting to see if your lawyer has a similar view to mine. Mine said that as they refused to speak to a potential investor then they had ignored the interests of the minorities. Let's not forget,if they dividend out the cash from the sale of Colombia then they will get away with only a small loss leeaving some of us PI's carry much more substantial losses. Numpties. |
Posted at 07/8/2013 15:25 by smcl Folks,It could be a long wait before announcements. See attached link. How long do we have before AIM cancellation? hxxp://consult-myanm PS: I copied the link in ...... but it seems to have changed this to hxxp:// Don't now why? |
Posted at 07/6/2013 08:39 by gismo Good morning all, beautiful weather here in the West Country..Now for some interesting news just out on Bloomberg. Myanmar's opening to foreign investment has been compared to the fall of the Berlin Wall and the start of an economic growth story to emulate Vietnam. How those views pan out will be largely decided by natural gas. Exxon Mobil Corp. (XOM), Woodside Petroleum Ltd (WPL) and Oil India Ltd. (OINL) are among 59 global energy companies lining up for a share in Myanmar's estimated $75 billion bounty of the fuel, according to country's energy ministry. While oil and gas have been pumped for decades, investment largely dried up during almost five decades of military rule that ended in 2012. Wedged between energy-hungry China and India, Myanmar needs more investment to explore its gas potential. Energy and industries such as agriculture need a combined $320 billion through 2030 to help the economy achieve 8 percent annual growth, a report last week by McKinsey Global Institute forecast. "People see Myanmar as a frontier market," Melinda Tun, a senior associate at law firm Baker & McKenzie, said in a June 4 phone interview in Sydney. "If you can get a first-mover advantage you could be well set for years to come. It sits between the two most populous economies in the world" The nation's transition to democracy in 2012 prompted the US to ease sanctions last May. Concerns about government transparency and ethnic violence persist among investors in Myanmar, which is hosting a three World Economic Forum on East Asia that concludes today. France's largest oil producer Total SA (FP), Italy's biggest oil company Eni SpA (ENI) and India's leading explorer Oil & Natural Gas Corp. (ONGC) have qualified to explore onshore fields. Investors seeking 30 offshore blocks in Myanmar, where gas is the biggest revenue earner, must lodge their statements of interest by June 14, the Government said in April. "A lot of low-hanging fruit hasn't been caught," Olivia Boyd, a Beijing-based energy analyst at HIS Global Insight, said by phone. "A lot of prospective areas are unexplored." Korea Gas Corp. the worlds biggest LNG buyer, PTT Exploration & Production Pcl, Thailand's biggest publicly traded exploration company, and Malaysia's Petroliam National Bhd have also qualified to bid for the onshore blocks, according to Myanmar's energy ministry. Myanmar has 7.8 trillion cubic feet of proven natural gas reserves, according to BP plc data, worth about $75 billion at benchmark prices for gas futures traded in the UK. The US Energy Information Administration estimates the country, also known as Burma, had 10 trillion cubic feet of proven reserves and produced 421 billion cubic feet of the fuel in 2011. The reserves are 1.9 percent of known deposits in the Asia Pacific, according to the EIA. "The potential gas reserves could be much bigger than what is known," Kumar said. "In the long-term we need to be in Myanmar. It's one of the last Asian countries opening up". |
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