Antrim Egy Share Discussion Threads

[seangwhite] 21/6/2016 15:55

Potter might have sold a few as he is in the know

[gbill11] 21/6/2016 15:38

average daily volume in Canada is 80,000 shares

[gbill11] 21/6/2016 15:31

These shares are up 33% in Canada to CAD4 cents, thats is 2.15p. A level not seen for a year on volume of over 5 million shares.

[seangwhite] 20/6/2016 09:20

Anyone tried to contact Potter to see if he is still srround.VGLTA

[seangwhite] 16/6/2016 08:42

Potter has to do something to justify his inflated pay package. The sums he has lost over the years for investors is really eye watering. Why do the large holders not call a stop to this farce or are they content to let Potter fritter the last few Bob away.VGLTA

[resourceful] 13/6/2016 08:39

what do you mean good news
more cost
these blocks are not wanted

[resourceful] 13/6/2016 08:39

what do you mean good news
more cost
these blocks are not wanted

[investment dave] 13/6/2016 07:40

Excellent news

[seangwhite] 07/6/2016 08:30

Surely the BOD are redundant as nothing is being worked on and will be for years.Come on Potter do the right thing for s change and just go - you know it makes sense!VGLTA

[resourceful] 06/6/2016 08:54

cost a lot to liquidate
also by waiting options have opened up
look at the corpses in irish offshore
assets available at good prices

[itsriskythat] 02/6/2016 20:46

Wouldn't be surprised if their contracts stated cash payments of six years salary in lieu of office?

[utrecht_00] 02/6/2016 19:24

so the cash at bank is worth 6 million pounds. and the market cap is 2.5 million pounds and the board is wasting $1 million a year roughly on doing nothing.

this seems like an ideal situation for someone to acquire enough stock to remove the board and return the cash to the shareholders and shut the damn thing down.

what % of the company do you need to remove the board?

[someuwin] 01/6/2016 10:48

Something's brewing here.

We should hear more v soon - imo.

[seangwhite] 01/6/2016 08:40

Why does none of the large holders call for an EGM to get rid of Potter.VGLTA

[investment dave] 29/5/2016 13:26

Judging by Friday's movement next week will be a good one. Needs to settle above 3p for me to break even though

[itsriskythat] 29/5/2016 11:00

The bigger risk is that the BOD at long last makes an investment decision - their record of project failures being 100% - every one a disaster

[hugepants] 29/5/2016 08:53

I'm quite happy holding this mutt at the moment. They've done a better job than GBP have at cutting costs and based on the last quarter its going to be well into 2020 before they run out of funds. There are several years of losses factored into the current share price. If oil gets back to $90 its possible the listing alone will be worth the current market cap. Obviously hope they can do a deal sooner rather than later but they're in a good position just now with the decomissioning out of the way.

[fsawatcher] 27/5/2016 12:36

lotta distressed companies out there and especially in ireland

£6million in cash is worth a lot of money to some companies

they could do a serica or pmo and buy in production along with decommissioning liabilities which dont need payin until 2022

plenty larger companies lookin to offload old assets due to their tax position bein not great

antrim have great tax pool

[resourceful] 27/5/2016 12:28

something up
what are they buying

[fsawatcher] 27/5/2016 11:15

lot goin on with pvr and lansdowne oil scratchin around for life savin money

antrim could buy lansdowne oil with shares and merge

lotta deals to be done in ireland

antrim could double from here very easily

easy money!!!!!!

3p soon

[seangwhite] 27/5/2016 09:51

Hard to understand why Hedgehog have left Potter in role as he has been a complete and very expensive disaster.It is hard to see anything positive on the horizon with Potter still around.Still holding a few as they are not worth selling.VGLTA

[yasx] 27/5/2016 08:53

ANTRIM ENERGY*†
CVE:AEN | C$0.025 | US$3.6m | Speculative Buy
1Q16 Results
Antrim Energy has announced its financial results for the three months to 31 March 2016. The company remained bolstered by a comfortable working capital cushion of US$9.2m at the end of the period, including cash and equivalents of US$9.4m. It also benefits from a debt-free balance sheet and satisfied its North Sea well abandonment obligations in 3Q15. With a market cap of just US$3.6m, the company therefore has an EV of US$(5.8)m. The cashflow used in operations for the period (excluding forex losses) was US$0.3m; in addition to this, the strengthening C$ vs. US$ drove a forex loss of US$0.6m, bringing total operating cashflow to US$(1.0)m. To maintain balance sheet strength the company is continuing to focus on managing the G&A base and implementing cost cutting initiatives where possible.
COMMENT: Corporately, identifying a strategically aligned M&A deal providing current or near-term cashflow remains a priority for Antrim, with the company continuing to review opportunities in the space actively; key criteria for such a transaction would include viability in the ongoing supressed oil and gas environment.
Operationally, Antrim is continuing to seek an extension to the first exploration term on Irish licence FEL 1/13 (due to expire in July 2016) by a further two years, which would be associated with an additional technical work programme. Since the company is to assume a 100% interest in the licence following Kosmos’ withdrawal, it is seeking a farm-in partner to assume operatorship during this extension period, which it hopes would then provide a carry on an initial exploration well on the acreage. Encouragingly, as a barometer for interest in frontier exploration in the region, in February 2016 the first round results for the Ireland 2015 Atlantic Margin Licensing Round were announced: 14 new licensing options were awarded, with successful participants including majors such as ExxonMobil, Eni, BP and Statoil.

100% interest in FEL 1/13, subject to finalisation and government approval of the transfer of Kosmos’ interest — Following Kosmos’ withdrawal from its Irish interests in order to focus more specifically on its African exploration portfolio, Antrim will become operator of the acreage at no additional cost. Kosmos farmed into the licence in 2013, taking over operatorship and carrying the full costs of a 3-D seismic programme, in addition to reimbursing a portion of prior exploration costs incurred by Antrim.
Antrim had previously announced an aggregate summary of unrisked gross best estimate prospective resources for the 17 independent leads evaluated within FEL 1/13 — These were 260MMbbl of oil, 4.7Tcf of gas and 87MMbbl of condensate. The two largest leads (‘C’ and ‘M-3’) represent 43% of the total unrisked property best estimate prospective boe resources: 126MMbbl of oil, 1.9Tcf of gas and 35MMbbl of condensate. Prior to the notice to withdraw, Kosmos had prepared a prospect inventory, highlighting three prospects (two tilted fault blocks and a submarine fan), one of which has yet to be reviewed independently.

[yasx] 27/5/2016 08:46

If Hedgehog were to remove Potter and replace him with someone even slightly more capable and resourceful, this would immediately double.

The only reason this is so heavily discounted to the cash it has is due to the incompetence of Potter.

[itsriskythat] 26/5/2016 22:08

This BOD must rate as the best BOD by their own standards they've set themselves and have been very successful in execution of the own plan. Hardly useless at all.