Bullion Res Share Discussion Threads

[macca28] 07/3/2005 09:11

i can see several million shares changing hands today

[macca28] 07/3/2005 09:04

they are really selling now

[macca28] 07/3/2005 09:01

see theres a 10k sell not mine

[macca28] 07/3/2005 08:46

so we should see a rise for 2 days on this news
its hard to know when to sell i have waited so long

[stevea171] 07/3/2005 08:39

RNS Number:3802J
Bullion Resources PLC
07 March 2005

Embargoed for release at 07:00a.m. 7 March 2005

Bullion Resources plc

("Bullion" or the "Company")

Acquisition of Nautical Holdings Limited ("Nautical")

Approval of Waiver to be granted by the Panel on Takeovers and Mergers

Admission to the Alternative Investment Market

Change of Name to Nautical Petroleum plc

Summary

Bullion Resources plc today announces 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 and other related resolutions
outlined in the AIM admission document, copies of which were sent to
shareholders today.

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 10degrees 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.

Expected Timetable

Latest time and date for submission of forms of proxy 4.00 p.m. on 28 March 2005

EGM 4.00 p.m. on 30 March 2005

Expected date for Admission 1 April 2005

Commenting on the transaction, Ian Williams, proposed Chairman said:

"This transaction provides an exciting opportunity to create shareholder value
by leading a new phase in the development of known heavy oil reserves in the
North Sea. Nautical plans to apply advanced oil recovery technology to exploit
secured reserves, and to use the anticipated cash flow to develop further
reserves and acquire more assets.

"There is growing interest and support within industry and government for
additional crude oil production in the UKCS. The Nautical strategy is well
aligned with these trends. The management team is confident of developing the
Company into a significant specialised player in the North Sea energy arena."

[macca28] 07/3/2005 08:33

its longer for me

[stevea171] 07/3/2005 08:33

Top of leader board now. Aquisition is 'Nautical Holdings' with heavy oil reserves and licences in the UK sector of the north sea.

[linslader] 07/3/2005 08:30

after 18 months I'm in profit .....lolol

[macca28] 07/3/2005 08:22

whats the news on the take-over

[stevea171] 07/3/2005 08:18

macca. news is out ..... see above 'publication of admission document'.

[macca28] 07/3/2005 08:16

maybe they are holding for trades

[macca28] 07/3/2005 08:15

not many buys yet

[macca28] 07/3/2005 08:14

would love to hear the news

[stevea171] 07/3/2005 08:11

we have lift off. Strap yourselves in guys!

[macca28] 07/3/2005 08:09

its soaring

[mohamed99] 07/3/2005 07:58

up 24 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

[linslader] 07/3/2005 07:05

RNS Number:3815J AIM 07 March 2005



NOTICE

(113)

07/03/2005 7:00 AM

RESTORATION OF TRADING ON AIM

BULLION RESOURCES PLC



The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 07/03/2005 7:00 AM an announcement having been made.



Ordinary Shares of 1p each (3-169-878)(GB0031698789)
fully paid



If you have any queries relating to the above, please contact AIM Regulation at the London Stock Exchange on 020 7797 4154



Ref: AIMNOT113





This information is provided by RNS
The company news service from the London Stock Exchange END

EXCFGGGFRDRGKZM END OF STORY

[macca28] 06/3/2005 21:03

theres a report on blo in tiger resources iterims
Tiger 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.

[stevea171] 06/3/2005 16:02

News on BLO from the t1ps conference posted on another thread:

chipperfrd - 6 Mar'05 - 15:24 - 211 of 211


Further to Dr Know - I received quite an upbeat message as well.

Looks like they are doing a significant restructoring of their business model to take account of their Investments, Trading and brokering activities.

Not sure if I had a very good grasp of the overall picture so probably better to wait for a clearer picture direct from the company.

Did chat to them regarding some of their holdings. News expected re Bullion this coming week. Confident re CEY. etc.

All sounds pretty positive.

[nipp] 06/3/2005 11:43

I agree with macca my instinct tells me it's around the corner they have worked very hard at gol to make this substantial and longterm

[stevea171] 06/3/2005 09:30

Anyone go to the t1ps.com conference yesterday and enquire at the the Golden Prospect stand about progress with the BLO takeover talks?

Before anyone asks ........ no, I live in the NW, so was not there!

[macca28] 04/3/2005 18:59

yes i believe some talks take months, but
with this one been in the latter stages,
something should be at hand soon,

[mohamed99] 04/3/2005 12:23

3 week ..no news

[macca28] 26/2/2005 22:22

11 days now since the advanced talk deal,it should
not be all that long before some kind of announcement is made,
it will be a big disappointment if this one comes to nothing,

[the borg2] 25/2/2005 12:25

any leaks ,rumours, will be assimilated