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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Helium Ventures PLC | HEV | Aquis Stock Exchange | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade | |
|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 16:29:38 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.25 | 4.00 | 4.375 | 4.25 | 4.25 |
| Top Posts |
|---|
Posted at 07/4/2005 15:18 by giant steps Assuming the stock issue goes ahead at 4.625p, investors that feel they havenot had a chance to participate in the placing have, however, been given a generous window to buy in the market sub-placing price. Share consolidation may not lead to a predicted share price decline as some posters forecast, so this may be a good entry point, imho (no advice intended). Worth watching to see if last-minute share price support is ordered up. Extract of propostion for EGM 11 April 2005 - A fully subscribed placing, through Westhouse Securities LLP, of 14,828,l07 new ordinary shares (on a consolidated basis) at a price of 23.125p per share (equivalent to 4.625p per existing ordinary share on a non-consolidated basis) to raise approximately £3,429,000 |
Posted at 19/3/2005 13:50 by sweet cherry pie PlacingThe Placing will raise approximately #3,429,000 (before expenses). The proceeds of the Placing will be used to advance the Group's hydrocarbon interests, in particular to fund the active drilling programme planned for 2005 and 2006. It is intended that the funds raised will also provide the Company with the ability to acquire further interests in drill-ready prospects. The Directors decided to undertake the fundraising by way of a placing with institutional investors. This decision was taken due to the cost and time delay in carrying out an offer to shareholders and the Directors' belief that the Company would benefit from gaining further access to the current demand among institutional investors for companies with oil and gas interests. |
Posted at 17/3/2005 09:32 by currypasty "investors seem to be steering well clear."I think you will find that "sellers not appearing" is more acurate... infact the only trade so far is a buy ! |
Posted at 17/3/2005 09:28 by demetri MM's not sure how to take the news and investors seem to be steering well clear. |
Posted at 08/3/2005 20:45 by sweet cherry pie 08.03.2005 Northern Sets The Date For Sandhills-2 It's been a while coming but investors in Northern Petroleum can circle the date April 21st in their diaries. That date, or thereabouts, is the expected spud date of the Sandhills-2 appraisal well in licence PEDL 098 on the Isle of Wight off the south coast of England. There had been hopes the well would spud in the first half of 2004 but the British planning system had other ideas: planning permission was finally granted in September although as Derek Musgrove, Northern's MD commented at the time, the thoroughness of the process meant the authorities and the joint venture partners "covered all recognised environmental, ecological and other concerns". It has then taken sometime to prep the well site and finalise rig contracts, leading to the late April 2005 spud date. Sandhills-2 will be drilled using British Drilling & Freezing Ltd's Rig 28, which will take about three weeks to hit the proposed depth of 3,700 feet. The well is a follow-up to BG's 1982 well, Sandhills-1, which encountered at least 50 feet of porous carbonates with associated oil in the Jurassic Great Oolite Formation. That well wasn't tested, however, because at that time the Great Oolite was not considered to be a viable reservoir in the area. Northern, with its keen focus on applying the latest techniques to neglected oil plays, has developed a new interpretation of the Oolite, which has been verified by consultants, and reckons it can unlock its complex geological secrets. It admits, however, that extracting the reserves may be an issue and flow test rates will be scrutinized to check whether the reserves will be commercially recoverable. The well may also be deepened to test the Sherwood Sandstone formation, which is the prolific producing reservoir at Wytch Farm on the mainland. In addition to probing a large yet admittedly complex structure, the Sandhills-2 well is also of interest because it will also be Northern's first operated well. However, Northern isn't the only London-listed stock to offer investors exposure to the Sandhills well: junior partners Hereward Ventures and Black Rock Oil & Gas are also hoping for respective 7.5 per cent and 5 per cent stakes in a commercial onshore strike. Following Sandhills-2, Rig 28 will start work on the Bouldnor Copse-1 exploration well in licence PEDL 089, also on the Isle of Wight. Northern reckons the Bouldnor Copse structure, which stretches across four Northern-operated licences, could hold between 200 million and 400 million barrels of oil in place. This well will probe both the Great Oolite and Sherwood Sandstone reservoirs. Northern then has an option to drill a third well with the rig. Last month it submitted a planning application to drill the Hedge End-2 well in Hampshire, onshore southern England. The well will follow-up a 1988 oil discovery, which wasn't tested at the time because, it is thought, of the poor core recovery and the oil market conditions at the time. Northern believes the Hedge End structure could hold between 50 and 125 million barrels of oil in place. Meanwhile in Spain, Northern and its joint venture partners have agreed a programme to perforate previously untapped formations in the producing oil wells on the Ayoluengo field. A cost cutting exercises is also underway at Ayoluengo. Northern operates the licence, with a 45 per cent interest. Northern believes the work could increase output from the field by between 25 and 100 per cent. |
Posted at 06/3/2005 14:00 by sweet cherry pie Message to all the DE-RAMPERS....you have some valid points that just about everyone including the BULLS would agree on and that is that the management of HEV {and CMR} have consistantly disappointed investors with their inept performance or lack of !!!!BUT....maybe, just maybe times are a changing.... 2005.... 5 to 7 wells at least to be drilled.... Share price = >>>>>>>>northwards>> |
Posted at 12/2/2005 19:15 by sweet cherry pie From the FAR4 thread....melfaraj - 12 Feb'05 - 13:19 - 2734 of 2751 sp, hev like you i have noticed the recent move in hev. the stock has been ranging for a long time, except for two ripples that never managed to propell the stock beyond the sphere of gravity of its baseline. the recent ripple had come on the back of a volume spike. but the recent rises have not seen stong volume rises, although some volume has built up. what leave me unmoved about this latest attept to rise is the candle stick pattern. almost every day's up gap has seen a black candle stick. somehow the market makers have seen the potential, but not so the investors1 this does not make the investors right, i have situations such as these in the past. one has to be cautious with a situation such as this. |
Posted at 02/2/2005 09:40 by sweet cherry pie CURRYPASTY - agree with you....most private investors get in a mood set i.e. HEV management are this that and the other etc, etc....and then do not see the wood from the trees....FACT :- THINGS HAVE CHANGED AT HEV....Bulgaria to go via corporate activity....and then up to 7 oil & gas wells will be drilled during 2005.... FACT :- IT IS NOW GAME ON FOR HEV !!!! |
Posted at 21/1/2005 12:32 by peter kay "This show provides a quite unique opportunity for private investors to quiz the CEOs and FDs of real growth companies including: Hereward VenturesLMFAO sharecropper - see you in 2009 when you're sick of the BS too. |
Posted at 09/2/2004 07:44 by absolute returns The TelegraphPersonal view: Get your gold while it's still in the ground By Jim Slater (Filed: 09/02/2004) Investors who believe, as I do, that gold is in the early stages of a bull market have to decide whether to buy bullion or invest in gold mining shares. I recommend the latter because of the leverage. The first example of the leverage is that the total market capitalisation of all the gold mining stocks is less than 0.5pc of the stock market capitalisation of all stocks. Investors would only need to re-allocate a tiny proportion of their assets to bullion and gold mining stocks to rocket-propel their prices far beyond previous highs. A gold mine that produces gold at $200 an ounce offers relatively low leverage. With gold at $400 an ounce, on a rise to $450, profits would increase by 25pc against 11pc for bullion. With a rising gold price it would be much more rewarding, albeit potentially riskier, to invest in more marginal mines. One that produces gold with a break-even point of $350 an ounce would be making $50 an ounce with gold at $400. An 11pc rise in the gold price would double the mine's profits. Junior mines usually have further development work to do before they begin to produce gold. Therefore their gold resources will not be classified as reserves and are likely to be described as inferred resources. When buying the shares of first- and second-tier producing gold mines in America and Canada, investors pay an average of approximately $135 per ounce for their gold reserves in the ground. With a non-producing junior company investors pay an average of $45 an ounce for their resources. In late 2002, when I co-founded the company that was recently reversed into Galahad Gold, the gold price was just over $300 an ounce and gold shares were very cheap. We decided to buy as much gold and precious metals as possible and set a limit of less than $10 an ounce for gold in the ground. We managed to buy into two significant deposits at well below that level. Now that gold has risen by $100 an ounce and gold shares have had a good run, we have lifted our limit to $20 an ounce, which still provides excellent leverage. To obtain the maximum leverage it clearly makes sense to buy gold in the ground as cheaply as possible. The cost per ounce is determined by dividing the fully diluted market capital (less any obviously surplus cash) by the number of ounces of gold in reserve and resource estimates. However, such a simplistic measure needs some additional protective criteria to help eliminate the wrong-uns. The other protective criteria we bear in mind are: 1 The resources should be in a politically stable country. America, Canada and Australia come immediately to mind as the three main countries that qualify. In contrast, for example, in Russia, it can be very difficult to register a title properly, in South Africa black empowerment can be an issue and in Colombia you might be kidnapped. 2 The environmental position needs to be relatively straightforward. In California for example, the regulations are so onerous that the cost of production is usually prohibitive. 3 The resources must be calculated in accordance with the regulations of the country in question. In Canada, for example, National Instrument 43-101 outlines the criteria, which include economic viability. 4 The management must have either developed a deposit and sold it to a major or brought a mine into production. 5 The company must have the financial capability to raise further funds. I recommend investors to try to identify (with the help of their brokers if necessary) gold mining companies whose gold resources can be invested in at less than $20 an ounce and also satisfy all of my protective criteria. Many of the companies that make up the averages are not compliant with local regulations for calculating resources and are in unstable countries. You can readily see, therefore, that the companies you select using my protective criteria should be better than average and this will provide a relatively safe ride to the $45 average level and a consequent doubling of your money. As the mine is developed, there is a longer joyful journey towards the $135 average for first- and second-tier producing mines. There would be some equity dilution to raise funds to cover the equity portion of capital costs but frequently this is offset by substantial increases in resource estimates as the mine is developed. I have over-simplified my approach. There are many other factors that complicate the position, such as other metals, for example copper, which may have to be mined in tandem to make the whole project economic. Sometimes a whole suite of metals might be involved. There are also questions of grade, metallurgy, working costs, capital costs and the time lag before production is likely to commence. However, the key criterion of a low cost of gold per ounce strengthened by protective criteria is very simple and highly leveraged. Given a rising gold price, I am confident that, on balance, it will substantially outperform other ways of investing in junior gold shares. Jim Slater is deputy chairman and financial director of Galahad Gold |
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