Astar Minrls Share Discussion Threads

[acta_topup] 27/5/2014 13:20

A £5 million market cap for a speculative O&G explorer in a new an exciting territory is PERFECTLY reasonable

[acta_topup] 27/5/2014 13:19

You wish - huge potential with right deal. Could see a ROSE in the making here

[grannyboy] 27/5/2014 13:18

Acta_topup why should these go to 3p?...

[acta_topup] 27/5/2014 13:18

Volume is ASTAronomical - 35 million and counting

[grannyboy] 27/5/2014 13:17

People who buy now will be stuck in, because theres no doubt the share price will fall...

[acta_topup] 27/5/2014 13:16

bye bye grannyboy - see you at 3p

[bam bam rubble] 27/5/2014 13:16

Absurd rise on no substance.

Summary
Nogal Holdings LLC will source data for available oil and gas licenses in Mexico.
Licenses will be put in a JV co with Nogal as Operator and assigned 49% interest.
Asta has agreed to raise capital to fund exploration, in return for 51% interest.

Nogal Holdings LLC was incorporated on Apr 13th 2014. Representative: Ron E Bruno
3102 Maple Avenue, Dallas TX. hxxp://www.bizapedia.com/tx/NOGAL-HOLDINGS-LLC.html

A company called Nogal Energy is also based at 3102 Maple Avenue. VP: Ron E Bruno

Nogal Energy is a OTC penny stock with a market cap of £0.4m...

[acta_topup] 27/5/2014 13:15

RNS Number : 1271I

Astar Minerals PLC

Astar Minerals / Ticker: ASTA / Index: AIM / Sector: Oil & Gas
27 May 2014

Astar Minerals plc ('Astar' or 'the Company')

JV Signed with Mexican Oil and Gas Operator

Astar Minerals plc is pleased to announce that it has signed a joint venture agreement ('the Agreement') with Nogal Holdings LLC ('Nogal'), an experienced operator of oil and gas properties in the US and Mexico, to jointly evaluate, acquire and develop oil and gas concessions in Mexico. This Agreement is in line with Astar's strategy to explore investment opportunities in Mexico's energy sector which is being reopened to the private sector to attract greater foreign investment and expertise with which to develop its substantial hydrocarbon reserves.
Under the terms of the Agreement, Astar will hold a 51% interest in any concession secured through the joint venture and will be responsible for raising capital to fund exploration and/or development. Nogal will be designated the operator of the relevant concession and will be assigned a 49% interest. Astar and Nogal each have the right to participate in any concessions in Mexico being acquired by either party. In addition Nogal has agreed to assist Astar in accessing relevant data and records relating to any concessions identified by either party including but not limited to oil and gas leases, farm-outs, drilling contracts, geological and geophysical data and well production data. All concessions jointly secured by Astar and Nogal will be held in a special purpose vehicle which will be incorporated in a suitable jurisdiction. A management committee, comprised of two representatives each from Astar and Nogal, will be set up to oversee the partnership.
Astar's Chief Executive Officer Stefan Olivier said "In Nogal, we have found a well-connected and experienced partner with whom Astar can participate in the reopening Mexican energy sector. The size of the opportunity is clear: Mexico is already a top ten global oil producer and has huge quantities of untapped conventional and unconventional reserves. To develop these vast reserves requires foreign capital and expertise. Together, Astar and Nogal are well-placed to deliver on both these counts with our proven ability to source and raise capital in the financial markets well-matched with the operational track record of Nogal's management team both in US onshore formations and Mexico itself. Further updates on the partnership's progress in securing opportunities in the Mexican energy sector will be provided to the market in due course."
* * ENDS * *

[grannyboy] 27/5/2014 13:15

Whats to like about it..As with all miners/oilers, need funding, they've not got any assets yet, so whats to like?...

[acta_topup] 27/5/2014 13:13

Indeed I do! Got 3.5 million of these beauties at average 1.3p. Not selling ANY until we reach a more reasonable price of 3-5p

[oldtown] 27/5/2014 13:05

lol they have a agreement to raise money for some mexican company, (Great) that's all i can seee in the RNS>

[flasher2] 27/5/2014 12:59

Granny, i take it you don't like the news today?.

[aim999] 27/5/2014 12:58

Pump an dump?

[encarter] 27/5/2014 12:55

Crazy taking a small profit now, just as they are about to hit the big time.

[flasher2] 27/5/2014 12:54

wow, 8p!!!!!!!!!!!. That sounds good.

[grannyboy] 27/5/2014 12:53

encarter "this could 100 multibag over a year"

WHY????...

[encarter] 27/5/2014 12:52

An oil explorer now. Market cap should be at least 10m (8p)imho.

[grannyboy] 27/5/2014 12:51

PI's being drawn in..Looks like as always some are going to be stuck in once this spike is complete...

[flasher2] 27/5/2014 12:50

wow, acta does it again.

[grannyboy] 27/5/2014 12:49

Of course there can be no suggestion of insiders knowing about this deal, even though the volume has been well up this morning....And IF anyone believes that statement then they're more gullable then even i thought...

AND plenty of dilution to come, with no drilling for a year or two....

[encarter] 27/5/2014 12:47

Superb news. This could 100 bag over the next 12 months.

[sidjameslaugh] 27/5/2014 12:39

RNS.. nice...

[acta_topup] 27/5/2014 12:38

17 million vol