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| Share Name | Share Symbol | Market | Stock Type |
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| Bullion Res | BLO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| Top Posts |
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Posted at 10/3/2005 21:09 by stevea171 Macca. Good one.Have put my proceeds yesterday to add to my position in CSH (Caspian Holdings) which gained 7.8% today. It has a market cap of £41 million and owns 100% of a producing oil field in Kazakhstan. There the drill costs are only $320,000 per well and it is drilling development/producti It is probably 2 years+ ahead of Bullion/Nautical, is land based (drill costs and infrastructure cost a fraction of sub sea) and will be profit making for the full year 05. The profits will go towards funding further leases, seismic and drilling costs as they ramp up the scale of their operations. CSH listed only in November and should be a multi bagger from here in the next 12/18 months ..... no ifs or buts, it has the oil and is expanding production! Plenty of time to get back into BLO if it progresses. Take a look! |
Posted at 09/3/2005 19:11 by macca28 but nevertheless i have seen this happen on many occasions when a company in the doldrums for ages suddenly gets a change of fortune,and people who have been waiting so long for something to happen, just cant wait to dump everything and take the profits well blo has lost some ground under the bombardment but there is no doubt its in a better position now that its been for a long long time, |
Posted at 09/3/2005 10:47 by macca28 steveai am not has experienced has you in shares, so can you put me right on a few pointers, 1:will blo, delist? 2:relist under nautical 3:will that be when the real ball game begins |
Posted at 09/3/2005 09:26 by stevea171 From Oilvoice yesterday. Of interest in particular is the company strategy, detailed at the end of the article.Bullion Resources plc Announce Acquisition of Nautical Holdings Limited Tuesday, March 08, 2005 -------------------- Bullion Resources plc has announced that the Company proposes to acquire Nautical Holdings Limited, a specialist energy company focussed on production of heavy crude oils from discovered reserves in the United Kingdom Continental Shelf ("UKCS"). The acquisition of the entire share capital of Nautical Holdings Limited will be effected by the issue to the Vendors of 697,500,000 Consideration Shares, for a value in the transaction of £20.93 million. The Acquisition constitutes a reverse takeover for the purposes of the AIM Rules. The Company intends to seek admission of the Enlarged Share Capital to trading on AIM following completion of the Acquisition. To align the name of the Company with the business to be acquired it is proposed that the name of the Company be changed to Nautical Petroleum plc. An Extraordinary General Meeting of the Company is to be held at 4.00 p.m. on 30 March 2005 at the offices of Stringer Saul, Fifth Floor, 17 Hanover Square, London, W1S 1HU, to approve the Acquisition. Insinger de Beaufort is the Nominated Adviser and Broker to the Company. Background The Directors of Bullion believe that the oil and gas upstream (exploration and production) sector of the energy industry offers promising growth potential for shareholders. The Directors of Bullion have been pursuing opportunities to acquire interests in the resources sector, with payment to be effected by the issue of shares. Nautical Holdings Limited is a subsidiary of Masefield Energy Holdings AG ("MEHAG") which itself was created in 2004 to hold the non-trading, asset based business interests of the Masefield Group. Nautical Holdings Limited has a 75% shareholding in Nautical Petroleum AG, which has a 100% interest in two licences on the United Kingdom Continental Shelf ("UKCS") namely: Licence P1077 over Block 9/2b and Licence P1203 over Block 3/27a Licence P1077 was awarded to Nautical Petroleum AG by the Department of Trade and Industry on 1 October 2003 and Licence P1203 was offered to Nautical Petroleum AG on 17 October 2004 and it received the licence for signature on 9 February 2005. Licence P1077 contains the 9/2-1A oil discovery and is contiguous with Licence P1203. In block 9/2b and surrounding area Nautical has purchased and interpreted 772 km of 2-D seismic data; purchased 192 square km of 3-D seismic data; purchased and interpreted the digital well data for 9/2-1A and completed an extensive assay of a sample of oil from well 9/2-1A. The programme to date confirms that there is an oil column of at least 33 metres. The area has the potential for a large structural closure up to 18 km long and 5 km wide which could contain up to 490 mmbo. Immediate plans are to reprocess the 3-D seismic before a detailed interpretation is carried out. Licence P1203 (Block 3/27a) is contiguous to the north with Block 9/2b. 476 km of 2-D seismic and the data on wells within and in the vicinity of the block were purchased by Nautical Petroleum AG. The interpretation of these data generated several leads on the block. The Licence P1203 was secured with a small work programme which includes the reprocessing of some of the existing seismic. The third asset currently held is specialised process equipment specifically designed for the Mariner discovery extended well test (EWT). The equipment is suitable for use in testing of heavy oils down to 10° gravity and will be used on the testing of 9/2b discovery and on any other Nautical development programme. The primary goal of Nautical is to acquire, develop and add value to further heavy oil reserves initially in the UKCS. Nautical intends to take full advantage of the current business environment namely the rationalisation of the UKCS assets resulting from industry consolidation, and limitation on major oil company resources, along with the existence of significant identified discoveries, which have been appraised but remain undeveloped. Strategy The New Board's key strategic objectives for the Enlarged Group are: initially to become a production operator and develop the 9/2b discovery generating cash flow and increasing proven reserves within the next 2 years. The application of heavy oil production technology has proven the viability of producing heavy oil at commercially attractive rates in the nearby Mariner Field. As reservoir characteristics (such as oil quality and reservoir geology) in both the Mariner Field and the Block 9/2b discovery are broadly similar, the Directors and Proposed Directors believe that it is reasonable to expect that the 9/2b discovery can be successfully developed by the application of the technology proven at the Mariner discovery; concurrently to acquire targeted reserves from third parties while participating in future licence rounds to acquire discovered oil and exploration acreage with modest work commitments. This reserve acquisition programme will be achieved by issuing ordinary shares, using its available financial resources and bank or other funding as appropriate, as well as by the drilling of development, appraisal and exploration wells; to continue to enhance liquidity in its ordinary shares through these acquisitions whilst offering the prospect of capital growth rather than dividend yield; and to develop Bullion into a well regarded oil production company, with a clear focus on a defined class of assets in geographic areas where the management can add value. |
Posted at 08/3/2005 21:05 by macca28 steveathis is how i see it, companies like tiger resources,who own 9 million blo shares and maybe a few others, will not be able (i dont think)to cash them in for a while,under the buying terms agreement so quite a percentage of the 70 million shares in issue will be untouchable, hence the shortage, that is perhaps why they sent out the persuaders, who will say what they can to get you to sell, also companies like gol will want to hold on to theirs as it cost them a packet to keep blo afloat in fact a sizeable percentage of the shares are held by just business men involved in the company colin bird and the board etc,etc |
Posted at 08/3/2005 16:26 by macca28 anyhow another 1.3\4 million shares got rid ofand blo is standing steady, that must tell a story |
Posted at 07/3/2005 19:47 by hxj Ho Ho HoWhat a load of old garbage. I know no more or less than you do about the company. So let me ask you some specific questions: 1. What are you predictions for the price of heavy crude over the next two years - a hint the Mexican government is working on around USD 20. 2. Why do you chose to quote values of oil at USD30 in the ground. Does that not mean no fixed upfront capital costs (let alone exploration and deveolpment costs), no ongoing extraction costs, no management or head office costs 3. What is your current NPV of the oil in the ground and what discount factors do you use for risk factors such as, exploration, extraction, currrency, oil price? 4. Why not state that the new BLO will only own 75% of the licence holding, how will the shareholders divide up the costs? 5. Why do you simply cut and paste rather than consider the whole scenario. 6. Why do you think that exploration schedules are fixed? My considered view is there is a likelyhood that you might be right that you will make some money. My equally valid view is that if I was sat on a 500% profit in six or so months I would say - many thanks - and sell out. |
Posted at 06/3/2005 21:03 by macca28 theres a report on blo in tiger resources iterimsTiger Resource Finance PLC 24 February 2005 Bullion Resources Plc (AIM) - BLO Tiger purchased 9,000,000 shares for a total consideration of £180,000 in Bullion Resources Plc ('Bullion'). In September 2004, Bullion agreed to dispose of the entire issued share capital and loan accounts of its subsidiary, Black Reef Gold Limited to Minerale Afrique Limited for a consideration of ZAR 5 million (approx. £454,000). The company also completed a fundraising totalling £625,000, further strengthening its treasury and positioning itself for a future reverse takeover transaction. Bullion has announced that it is holding exploratory discussions with suitable candidates and will keep shareholders informed of further developments. Tiger believes that Bullion has an experienced and entrepreneurial management team and should perform well in 2005. |
Posted at 15/2/2005 22:46 by stevea171 Macca .......... BLO current position:Shares in issue: 77.8m Market price: 6.25p Market Cap: £4.86m NAV at 30/9/04: 2.5p/share, (possibly plus up to Rand 5m.) Assets: £1.95m min, (plus possibly up to £0.44m) I imagine the two sides will agree a price for the unlisted business and BLO will issue new shares to pay for the acquisition (some of which may be deferred or conditional). There is no point using any of BLO's cash in payment as that is one of the attractions for the company being considered as the prospective acquisition. |
Posted at 15/2/2005 21:33 by stevea171 Greenspamster. A reverse takeover means that BLO is the smaller entity and the other party is the larger, in terms of assets. The combined operation will retain BLO's listing, but may have a name change, particularly if the business is nothing to do with gold ...... eg oil as was the expectation late last year. |
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