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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Astar Minrls | ASTA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.95 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.95 |
| Top Posts |
|---|
Posted at 23/7/2014 08:13 by tpau hxxp://astarminerals |
Posted at 23/7/2014 07:19 by tpau Astar Minerals PLCUpdate on Mexico Energy Reform RNS Number : 0463N Astar Minerals PLC 23 July 2014 Astar Minerals / Ticker: ASTA / Index: AIM / Sector: Oil & Gas 23 July 2014 Astar Minerals plc ("Astar" or the "Company") Update on Mexico Energy Reform: Senate Approves Key Bills Astar Minerals plc is pleased to note that, further to the Company's announcement on 16 July 2014, the Mexican Senate has now approved the key bills with regards to the legislation required to reopen Mexico's vast energy industry to the private sector. The bills have now been passed to the Lower House of Congress for final approval which is expected by the beginning of August 2014, prior to being formalised into Mexican legislature by President Enrique Pena Nieto. Additionally, Lower House committees passed a hydrocarbons law on Monday that details the fine print of potentially profitable hydrocarbon licences and contracts that will, following the final Congress approval, be offered to private investors. Astar's Chief Executive Officer Stefan Olivier said, "With the final approval of Mexico's energy reforms in sight following the passing of bills by the Senate, we are eager to hit the ground running in the coming months. With this in mind, we are in the process of finalising our joint venture with Geo Estratos, a local and longstanding oil services provider that is well placed to secure oil and gas concessions and contracts via formal bid rounds and through its existing commercial relationships. I look forward to updating the market on the finalisation of the legislation process in the coming weeks and, subsequently, our progress in unlocking the significant hydrocarbon potential Mexico has to offer." Background Information on Mexican Energy Reforms The secondary laws currently being considered by Congress follow the passing of energy reforms in December 2013 focused on reversing a decline in oil and gas production in Mexico over the past decade by ending state-owned Pemex's monopoly and, in the process, opening up the sector to foreign investment and expertise. The secondary legislation is required to provide the necessary framework and rules that will allow this reform to be implemented in practice. |
Posted at 18/7/2014 16:42 by sirraman strong finish for the week..people are waking upto the potential of oil in Mexico..??Once the bill is passed by Mexican government...should see some action here over the coming months as the Board take advantage of being one of the early investors in the country...imo Sirra |
Posted at 24/6/2014 11:06 by acta_topup ramped? er, excuse me? I highlighted the massive potential - hundreds of other investors and traders agreed with me. The retrace was entirely predictable and I made that call as well. Looks very good again at this level |
Posted at 19/6/2014 12:06 by sirraman Approx 20% ( 40m) shares in freefloat ..hence the share price action. Most appear to be held by big investors who are unlikely to sell at this level now the company is about to take first steps in Mexico...non-exec directors to be announced soon...all happening..imo. |
Posted at 27/5/2014 14:40 by acta_topup Preliminary license news likely to come in the next few months, possible big investor coming on board. everything coming together nicely. they have a paltry share price because of the history (irrelevant) and because it's AIM - few people took any notice in ASTA - but now that has completely changed. Volume is approaching 60 million - absolutely MASSIVE. A new set of investors on board and should be a very exciting ride |
Posted at 10/4/2014 12:30 by stockonomist MBW - MOBILEWAVE - Maximizing Customer/Client Mobile Relationships - MBWthe analyst - 17 Jul 2012 - 20:18:38 - 5401 of 8746 "he is the 2nd largest shareholder" Hi Acta, When I researched the company recently I contacted Rory and asked him few questions. One question I asked concerned the shareholder register. Rory told me that he was unaware of any investor holding over 3% of the company, other than those already appearing on the register. My question to you is, how can anyone reading this bulletin board be certain that you do actually hold the shares you claim to. I mean real proof. It is quite serious - you obviously have a lot of investors here reading your posts, hanging on your every word, making their investment decisions based on your writings. However, as it stands, I can see no evidence that backs up your claims, so it would be great if you could point me towards the proof. 16% is a huge holding to leave undeclared. I've only been investing for 12 years and only been a full-time professional investor for 7 years, but I've never seen such a large holding left undeclared before. No disrespect, but until proven, would you agree that based on the evidence out there in the public domain, people should take your claim with a big pinch of salt. |
Posted at 02/4/2014 21:53 by acta_topup Some more nice research on LSE:21:45 02/04/2014 [MY21] More background on our chairman What Cornhill Capital especialises in: SME debt and equity finance, Physical Delivery FX, investment into Oil and Gas (focused onshore US and West Africa) and Asset Management What else the Chairman of our company does: Co-Founder UK Bond Network October 2012 Present (1 year 7 months)London, United Kingdom The UK Bond Network connects High-Net-Worth, Sophisticated, Professional and Institutional investors directly with pre-vetted businesses seeking finance - improving yields for investors and reducing borrowing costs for businesses. Investors select the companies they want to invest in, bidding amounts they are comfortable investing at interest rates they want to achieve. Bonds are issued with terms of 1-3 years, are typically secured against assets valued at more than the debt itself, and often have additional upside potential via equity participation or an attached royalty. Eligible businesses can access £500k to £2.5m in fast, flexible and competitive financing. We work with businesses to provide appropriately priced debt finance that's progressive, not prohibitive, giving management teams the flexibility to determine the funding structure that's best suited to their company, rather than their adviser. This will be useful when seeking funds from HNW people for any debt or equity scenarios for a quoted small company such as Astar. |
Posted at 02/4/2014 10:19 by acta_topup Quite nice balanced post:8:54 02/04/2014 [Photomic1962] The new Directors: A guess. Stefan Olivier is connected in a big way to North American Petroleum, as yopu know. Andrew Frangos and the afore mentioned, are well equpied to ADVISE LCG about how to (and assist with) Investment in the Oil buisness. Not sure what these guys know about Mexico though. Anyway, IF ASTA can pull in a lot of money from Investors and may PI's too, it may be more likely that ASTA will invest the money in NAP which is constantly on the 'UP'. If they are correctly advsied, what money they have could build up a stake in NAP which will increase their investment value/potential (and this shareprice) and make some good returns on their money. If it does, the possibilities of further investment in Mexico, IF, as and when, the returns are sufficient to draw from and place elesewhere for additional investment. They could have two very large Pies on the go on the proviso that the advice from the above is professional, which I think it will be. For my money, North American Petrolium MAY POSSIBLY be, and I say possibly be the first port of call for ASTA's money IF they can convince us by RNS, that this is likley to happen. The first mention in any such RNS that says North American Petroleum, fill your boots, maybe before This will be coupled with a notable rise in the share price Whilst I am guessing here, I think it is very possible that ASTA could be swayed be Stefan Olivier to buy a cut of that Pie. One needs to read very deeply into the background of these new Directors to see what they are about. Broking, Oil and advise. So, look out for investment in NAP. It may or may not happen, but gut feel says I may be on the right track. It is unlikley at this stage any new investor will lose a shed load of cash if buying in now, subject to normal Market Fluctuations. Keep a sharp eye on ASTA and any hints of OIL investment in NAP. This is medium to long term, but hints could be sooner. |
Posted at 31/3/2014 19:32 by phalen ASTA's new CEO Stefan Olivier will be doing the same here as he is doing at NAP .......... "We have shown our ability to pick up assets at attractive rates at a dollar per proven barrel basis that is well inside the national average," NAP's managing director Stefan Olivier recently told Proactive Investors. "We can pick up fields producing 10 barrels and build them up to 100 barrels which as we are a small oil and gas company is significant for us. The key to all our projects is they have production with a lot of development upside." Zink Ranch is just one of Northcote's investments. As Northcote kicked off 2014's development programme last month chief executive Randy Connally was confident of hitting a 250 barrel per day production target. In the current work programme as many as five wells will be drilled, and potentially 30 thirty existing wells will be recompleted. Between them, this clutch of oil and gas investors has a very busy twelve months ahead. |
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