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3LEG 3Legs Resources

0.3175
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
3Legs Resources 3LEG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.3175 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.3175 0.3175
more quote information »

3Legs Resources 3LEG Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

Top Dividend Posts

Top Posts
Posted at 14/8/2015 09:42 by the stigologist
ramping on the pump and dump thread

tut tut

trying to make up your WRN losses hey

5baggersrus
14 Aug'15 - 09:17 - 528881 of 528887 1 0

3LEG still moving forward for those with a longer term investment pot.....volume picking up since the AGM approval and change of investment policy
Posted at 12/8/2015 14:51 by bumpa33
for the record i don't give a monkeys what the Top Traders thread is saying - look at the company, look at the people behind it and you'll see the only thing that remains from the 3Leg days is the name.
Posted at 10/8/2015 16:44 by jc111
TGL doubled! and More. You think what you like. But it will be back. You worry about your own stocks, i mean, premium bonds! You wouldn't be able to run a portfolio even if Buffet was telling what to buy.

Watch 3leg go from 0.28p - where it will go i cannot know, but i know a little more than you, and as everyone knows about you, you're a laughing stock of advfn.

I'll unfilter you for an apology that you will give me when 3LEG hits 0.90p.

Deal? Good. Good Boy.

Now go play with your dolls house!
Posted at 10/8/2015 16:27 by jc111
Stigologist
This is a thread for discussion on the merits of 3LEG.
You should thank me for alerting you to such a high class stock here.
We'll see who's right. I bet this will 5 bag. But will you bet?!
Posted at 10/8/2015 15:11 by jc111
Two Billionaires - Mr Greg Bailey and Mr Jim Mellon have acquired 29.9% of 3LEG - with remit to transform it into a Life Sciences Group/L.S Technologies and related industries.
Why would Two Billionaires take Control of a £1m mk cap shell if they weren't a grander plan already in place to use the shell co as the basis for a new exciting Life Sciences Group.

One Of The Most Intriguing Ground Floor Opportunities I've seen for a long time.

Dr Greg Bailey - Co-Founder of $8.5 Billion quoted Medivation Inc and a Host of other Pharma's.





Jim Mellon needs no introduction - A Billionaire who knows his onions in pretty much every new Technology that is coming through with a specific interest in the Pharma's and Life Sciences.

Between these two Men, they control almost 30% of the Share Capital. They also have options that between them would push them above that take over threshold.

For How long will this Remain a Tiny Shell capped at £1.2m?

View Mr Mellon's excellent speech at Master Investor and I don't think there will be much waiting around, he certainly isn't the type.



3LEG - ISDX TRADES : -



Please put relevant articles for discussion and keep this a friendly investor board.

Thread started 10.08.2015 - share price 0.28p MK CAP £1.2m
Posted at 04/4/2015 23:31 by simpletonremover
The following is not to promote either a positive or a negative view on 3leg but offers an element of transparency relating to the individuals involved directly and those affiliated through their investment in it. It's probably a very narrow looking glass but some of the relationships are interesting, albeit not surprising.

Colin Weinberg, Director, with a 1% personal interest.

Associated previously with Durlacher, rapid riser in the dotcom boom.

Colin is also a Director of British Polar Engines Ltd, who have a 20% interest in 3leg, approx. £200k.

British Polar Engines is a subsidiary of the listed Associated British Engineering, ASBE.

BPE made a profit of only a few £k on a turnover of less than £2 million in their most recent published results, so throwing £200k into 3Leg would be considered a large investment by BPE.

Colin is also a Director of Associated British Engineering, ASBE.

Colin is also a Director of Kennedy Ventures, KENV.

Peter Redmond is also a Director of Kennedy Ventures.

Peter Redmond is also Chairman of Pires, PIRI, who have an 8%, approx. £80k, interest in 3leg.

Vela, VELA, now have a 4.1% interest in 3Leg. Cannot find an obvious personnel link but Anthony Laiker, Director of Vela was once described by the Guardian, after mentioning he was shot at on his own doorstep, thus:

'Over the years Mr Laiker has built a reputation for secrecy and for his ability to lay his hands on top quality information - "tips" and whispers on likely corporate action that made his speculating clients good money in a perfectly legal manner.

He is known to have extensive contacts among north London's Jewish community and has established relations with a string of prominent businessmen.

Mr Laiker has also become known as one of the few City players with extensive contacts among the "Monaco Mob" - a group of ex-stockbrokers who now live in the principality but continue to trade on the London stock market.'
Posted at 30/3/2015 07:46 by simpletonremover
Vela continuing to buy 3Leg.



Vela Technologies PLC Update on investment in 3Legs Resources plc
Print
Alert
TIDMVELA

RNS Number : 7697I

Vela Technologies PLC

30 March 2015

30 March 2015

Vela Technologies plc

("Vela" or the "Company")

Update on investment in 3Legs Resources plc

The Board of Vela (AIM: VELA), the investing company focused on early stage and pre-IPO technology investments, announces that, further to the announcement released by the Company on 10 March 2015, the Company acquired a further 1,500,000 existing ordinary shares in 3Legs Resources plc ("3Legs") (AIM: 3LEG) on 25 March 2015 at a price of 0.21 pence per share.

Vela's resultant holding in 3Legs is 19,000,000 shares representing 4.41% of the total voting rights of 3Legs.
Posted at 10/3/2015 07:30 by simpletonremover
TIDMVELA

RNS Number : 9630G

Vela Technologies PLC

10 March 2015

10 March 2015

Vela Technologies plc

("Vela" or the "Company")

Investment in 3Legs Resources plc

The Board of Vela (AIM: VELA), the investing company focused on early stage and pre-IPO technology investments, announces that the Company has acquired a total of 17,500,000 existing ordinary shares in 3Legs Resources plc ("3Legs") (AIM: 3LEG) at an average price of 0.212 pence per share for a total cash consideration of GBP36,875. Vela's holding of 17,500,000 shares in 3Legs represents 4.06% of the total voting rights of 3Legs.

The shares in 3Legs were acquired in the market by Vela between 27 February 2015 and 9 March 2015 as follows:


Date of purchase Number of ordinary Price per Investment
shares purchased share (p)

27 February 2015 5,000,000 0.2 GBP10,000
6 March 2015 7,500,000 0.215 GBP16,125
9 March 2015 5,000,000 0.215 GBP10,750

3Legs is an Isle of Man incorporated investing company whose shares are traded on AIM. In February 2015, 3Legs completed a corporate reorganisation which included the adoption of a new investing policy to invest in and/or acquire companies within the technology sector or within the resources sector, particularly where a resource can be brought into production through the application of modern technologies. As part of the above reorganisation, 3Legs raised GBP800,000 through a subscription for new ordinary shares at a price of 0.232 pence per share which valued 3Legs at approximately GBP1 million with the funds to be used by 3Legs in connection with the implementation of the new investing policy.

Commenting on the investment, Brent Fitzpatrick (Non-Executive Chairman), said:

"At the time of the placing in February our stated strategy was to create a new platform from which we could continue to offer support to our existing investments and to broaden our portfolio in a diverse range of technology orientated companies.

We are pleased to have been able to make our first investment in 2015 and to further broaden our investment portfolio. The board of Vela believe that the investment in 3Legs offers Vela an opportunity to invest at an attractive price in advance of 3Legs embarking on its investment policy."

For further information please contact:


Vela Technologies plc
Brent Fitzpatrick, Non-Executive
Chairman Tel: +44 (0) 7802 262 443
Antony Laiker, Director
Allenby Capital Limited
Nick Athanas/Katrina Perez/James Tel: +44 (0) 20 3328 5656
Reeve

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCJLMPTMBTMBMA
Posted at 16/8/2014 12:13 by linksdean
3Legs Lublewo well result significant for whole Polish shale industry - broker

By Giles Gwinnett

August 15 2014, 12:50pm
3Legs said the operations to bring the well into test production have gone very smoothly and it was delighted to see the well has flowed from the beginning without assistance
3Legs said the operations to bring the well into test production have gone very smoothly and it was delighted to see the well has flowed from the beginning without assistance


Rising interest in the Polish shale industry was bolstered again today (Friday) by a positive operational update from junior oil and gas explorer 3Legs Resources (LON:3LEG).

Its Lublewo well in the Baltic basin in the north of the country has been successfully cleaned up and is now on long term flow test to assess the level of hydrocarbons present.

The well continues to flow back frack fluid and hydrocarbons, and as of Thursday (August 14) around 12% of the frac fluid originally injected had been recovered, the company said.

3Legs said the operations to bring the well into test production have gone very smoothly and it was delighted to see the well has flowed from the beginning without assistance.

It comes after the largest multi-stage fracking programme in Poland to date, which saw the firm, working alongside Conoco Philips, sink eight wells and frack six of them.

Today's news is positive for other shale firms in the area, such as San Leon Energy (LON:SLE), something highlighted by SLE's house broker finnCap today, as the company is targeting the same geology.

"Good results for 3legs should therefore be viewed as positive for SLE and vice versa," said analyst Dougie Youngson, who has a price target of 15p.

San Leon is a significant player in the polish market, with 50 licences in the Baltic basin - considered to be the one with the most potential - alone.

Shares flew last month when it unveiled a joint venture agreement in Poland that will see the oil and gas junior receive US$20mln in upfront payments and be carried for a work programme at two fields.

Under the deal, Palomar Natural Resources, founded by John Buggenhagen, former exploration director of San Leon, and Robert Price, will take 65% stakes in the Siekierki and Rawicz gas fields.

The explorer will also be carried "for a defined initial work programme" aimed at bringing these two fields, in the country's southern and northern Permian basins, into production as soon as possible.

Broker Northland said today's 3Legs announcement was highly significant.

"Whilst far from conclusive there are some encouraging noises in this announcement.

"The well, believed to be the largest horizontal test completed in Poland to date, is important not only to ConocoPhillips and 3Legs, as a vital indicator of the commercial potential of the basin, but to the Polish shale industry as a whole."

The broker highlighted that the "all-important" flow rate over the next month or so will help determine the potential of the concession.

"A commercial flow rate could be anything above 1.5mmcfd," he said, given further optimisation work and data expected to results from this well.

Northland reckons for the investor the company offers a "uniquely low risk" entry into a possibly game changing and late-stage opportunity and repeats a 'buy' rating and 79p price target.

3Legs shares were unchanged today at 22.75p.
Posted at 02/8/2014 00:12 by aimshare
Shale Fracking in Poland 3Legs Have Cracked It – 3Legs Resources (LSE:3Leg)
Land Valuations Set to Soar

3Legs Resources (LON:3Leg) Lublewo LEP-1ST1H lateral well, Game Changer & Major Value Kicker for Poland's Shale Gas Sector.

Incredible news out this morning by AIM listed Polish shale gas exploration company 3Legs Resources (LSE:3Leg) who have reported the results of their Baltic Basin, Lublewo LEP-1ST1H well stimulation. In partnership with US Major ConocoPhillips, 3Legs have successfully completed stimulation over 25 stages of their Lublewo well, in what is a landmark technical achievement.
For investors in Poland's shale gas sector, this news is of major significance as 3Legs and ConocoPhillips have not only completed a successful stimulation but have worked out the right fluid combination to penetrate the Baltic Basin shale structure.

Getting the fluid combination right is the Holy Grail for a successful fracture and major issue to date in Poland has been working to discover just what is the right fluid combination to deliver a successful frack and one that will be able to unlock Poland's huge shale gas reserves.

Cross-Linked Gel

On the Lublewo well, 3Legs have used a cross-linked gel a step back from the slickwater fluid that was used on the Lebien LE-2H well in 2011. The use of a cross-linked gel was designed to reduce the amount of fluid required per stage, while maximising proppant delivery. It appears that this hybrid fluid systems has been able to control fluid loss to increase the fluid efficiency, provide good fracture conductivity, keep polymer concentration to a low level and help eliminate proppant flowback ensuring the frack can be stabilized.

Poland's Largest Successful Multi Stage Simulation

3Legs, ConocoPhilips and Lane Energy have conducted what is Poland's largest multi-stage shale simulation. By identifying the correct fluid combination, it appears 3Legs have found a way to keep the proppant in suspension and thus ensuring more proppant gets into the rock structure and penetrates much further (Lublewo delivered 7.7 million lbs of proppant over the 25 stages executed across 1,469 metres out of the available 1,495 metres of lateral section) By using the hybrid gel combination, they have used less water, a factor that is significant in that it reduces costs by making clean up much quicker.

Raises Investment Interest in San Leon's Lewino-1G2

The other reason why this news is so significant is the Baltic Basin concession owner Lane Energy Poland Sp. Zoo where 3Legs and ConocoPhilips hold a 30% and 70% interest respectively, contracted the Polish company United Oilfield Services (UOS) to drill and frack the Lublewo well. This is important as it means the on the ground experience in Poland's drilling sector is now gathering pace and where these experiences will certainly be transferred to other companies like San Leon Energy (LSE:SLE). Indeed this news by 3Legs puts a real spotlight on San Leon's Lewino-1G2 well, which successfully flow tested in January and is now ready for a horizontal well to be spud and where I understand UOS will likely be contracted to spud Lewino (UOS did the successful flow test). I would suspect that San Leon would be approached by a major who off the back of this news by 3Legs would want to have access to one of Poland's most advanced shale gas wells, where it too could employ similar techniques to bring Lewino into production pretty quickly.

Raising Valuations
On a final note, surely the news out today significantly raises the valuations of Poland's shale gas acreage. It has been as high as $500 per acre and is today valued at $50 an acre but where a more reasonable valuation after this latest news must be ranging from $1,000 to $2,000, in contrast US shale gas acreage is valued at circa $38,000 an acre. San Leon has interests in nearly 5 million acres of land in Poland of which 1.2 million acres is pure play shale gas.
Shares in both 3Legs and San Leon are up this morning on the back of this great news.

André Morrall
Brand:Petrogas

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