Bullion Res Share Discussion Threads

[stevea171] 08/3/2005 16:48

In 2 days over 5 million shares traded. That's over 7% of the shares in issue, and it is to be expected that approx 2.5 million were buys.

Most of those guys are not going to be sellers in the short term because this is not a trading share ie it is not volatile with a tight spread for day traders. There will be many holders who were in at prices between 40p and 11p and will not want to realise a loss, so I see the fudamentals and support underpinning existing levels. With some PR being done in the coming weeks/months the news should start to get out that there is a new oily kid on the block worth looking into!

[macca28] 08/3/2005 16:26

anyhow another 1.3\4 million shares got rid of
and blo is standing steady,
that must tell a story

[stevea171] 08/3/2005 16:05

I'm not aware of any other LSE listed ones, but I'm doing some research in the background, so I'll let you know if I come up with something.

Heavy oil is something of a niche market, which is where the business plan of Nautical comes in. They move in and clean up because everyone else is doing their own thing, but within the mainstream of the oil E&P industry. Nautical have marketing muscle for their product through their parent company, Masefield.

That is one of the beauties of this business, they have the relationships and synergies in place to be a major player in a minor league. Lets face it they are never going to be a BP or Shell at this game as they have started too late! But they can be very profitable by exploiting a niche that exists and comes into its own because of the change from cheap oil to expensive oil/gas.

[macca28] 08/3/2005 15:47

the prices on these compaies and their value

might well give us a proper evaluation on things to come

[macca28] 08/3/2005 15:44

stevea
have you checked on other companies doing similar ventures
and are in the stock market?

[stevea171] 08/3/2005 15:10

about us History

Nautical Petroleum plc is a subsidiary of Masefield Energy Holdings AG which was itself created in 2004 to hold all the non-trading, asset based business interests of the Masefield Group. The energy trading company within the group is Masefield AG.

The upstream focus of the Masefield AG business strategy identified acquisition of discovered heavy oil reserves in the North Sea as a prime supply source for the downstream processed fuel business. An active programme resulted in the acquisition of two licenses in the UKCS. Masefield was also able to acquire ownership of specialised heavy crude oil production processing equipment designed and supplied by Halliburton for the Extended Well Test programme undertaken successfully on the Mariner oil field by ChevronTexaco in 1997/1998.

All asset based interests acquired in this programme were transferred into Masefield Energy Holdings AG during 2004. Subsequently a 75% interest in Nautical Petroleum AG, the owner of licences 9/2b and 3/27a was transferred into Nautical Holdings in August 2004, together with full ownership of the specialised oil production process equipment. This entity is expected to be listed on the Alternative Investment Market via Reverse Takeover (RTO) in April, 2005.

Nautical Petroleum's management team has extensive networks in the oil and gas industry and in conjunction with Masefield Energy and Masefield can access opportunities especially on a one-on-one basis, to secure favourable terms.

The core business of Masefield AG is global trading of crude oil and refined oil products. Since inception in 1990, Masefield AG has expanded this business and established worldwide representation in major trading hubs with international activity serving a clientele, which includes most of the recognised participants in the global crude oil, gas and refined products markets. Masefield AG undertakes physical oil trades with private and state sector oil producers, oil majors, independent traders, refiners, power generators and other consumers. Masefield AG has expert capability in risk management and the application of associated techniques in complex energy transactions involving inter alia, the full range of derivative and forward markets instruments.

Nautical Petroleum's sister companies in the Masefield group can provide downstream (marketing) offtake agreements for produced heavy crude oil, thus mitigating market risk. They also have access to proprietary process technology, through an alliance with Akzo Nobel Surface Chemistry, which converts heavy crude oil residues to fuel for power generation. They are developing business opportunities with major EU power generators for term fuel supply contracts. For further information on this innovative process please view the papers given at the recent DTI Heavy Oil Seminar (25/10/04) on their website and the recent contribution to Carbon Abatement Link.

[stevea171] 08/3/2005 14:57

Smaller companies report: Monday close
This is Money
7 March 2005
UK SMALL caps finished the day higher, bucking the weak wider market trend, with Bullion Resources the top performer after takeover news.

By close, the FTSE Small Cap index stood 6.2 points firmer at 2,974.3, shy of a high of 2974.9 but in contrast to its blue chip peers which finished over 9 points down at 5027.2.

On a busy news day for minnows, Bullion Resources was the star performer, up 4.12p at 10.37p as the mine management company announced plans to buy Nautical Holdings Ltd, a specialist energy company in a reverse takeover.

[stevea171] 08/3/2005 14:37

They want our stock again ..... they just offered me 9.9p to sell some. lol! ........ and 10.69p to buy.

[macca28] 08/3/2005 13:58

first buyer after a sea of red

[stevea171] 08/3/2005 13:56

One of the reasons the price jumped dramaticly yesterday was that the MM's had been running a tight book because of the very low trading volumes (many days no trades at all) and long period with virtually no news about any real business.

When the RNS finally appeared at 7am and there was going to be sustained demand for BLO as an oil company ...... they must have run straight to the loo and stayed there for much of the day!!! But now hxj has turned things round for them! lol!

[macca28] 08/3/2005 13:56

its a more reasonable spread now

[macca28] 08/3/2005 13:54

ok they have knocked it down 1\4p
after all the selling

[macca28] 08/3/2005 13:35

also they are giving rock bottom prices to the sellers
yet not recovering it on the buys,"the buys are quite generous"

[stevea171] 08/3/2005 13:30

Macca. Agree completely. This happens on other threads eg ROS with the MM's messenger boy posting to influence investors to sell at key times when they have no stock/want more stock. With the institutions they can just pick up the phone, but with us they have to be more devious!

[macca28] 08/3/2005 13:22

stevea171
dont you think it strange, blo soars!
then a guy who you have never heard of before
suddenly appears from nowhere trying to get
everyone to sell there shares,
they seem to want to get has many sellers
as they can to make a killing,
if the selling is making no effect on the price
i just cant wait till the buyers move in,

[stevea171] 08/3/2005 12:52

The spread of 15% is unrealistic. It is to do with the 10p barrier and only second day back.

That 650,000 trade at 10p looks like a buy to me. The MM's are dealing within the spread ...... there is no way with the selling this morning they would have given more than 9.5P for a genuine sell of that quantity IMO (unless there is a t trade buy of 1million plus to be put through later) !

[macca28] 08/3/2005 12:43

massive selling on bullion yet the price stays solid,
there should be no way one and a quarter million sells
against a mere 40,000 should keep this stable
i bet a lot of long term holders have taken there
money and ran,its obvious the shares are been hoarded
and when the profit taking has dried up,thats when
we will see the march upwards,

[stevea171] 07/3/2005 23:28

Date: March 08, 2005

The Sad Saga Of Bullion Resources Ends And A Bright Future Opens As Nautical Petroleum.

It has taken a while, but the long suffering shareholders in Bullion Resources can look their bank managers in the face once again. Credit has to be given to Malcolm Burne of Golden Prospect who was determined not to take a loss on his holding and he was supported by Colin Bird of Lion Mining and Jubilee Platinum. Without wanting to dwell too much on the past, Bullion Resources' shares performed badly after the IPO in 2002. An independent report by Lion Mining the following year concluded tht the South African assets of the company were not economically viable and the South African mining regulators criticised the Competent Person's Report on which the listing was based. In due course four of the directors resigned and their shares were acquired by Golden Prospect. Litigation again the Competent Person is still under advice and the Nomad - our old friends at Grant Thornton - was replaced.

In October 2004 Bullion Resources sold its assets, such as they were, and underwent a restructuring to become a cash shell. As part of the restructuring the company raised £625,000 through a non-brokered placing and the directors evaluated a number of deals to make the best use of its listing and funds. The decision in the end was to carry out a reverse takeover of a company called Nautical Holdings by issuing shares to a value of £20.93 million. The name is going to be changed to Nautical Petroleum and the shares started trading again today, once the deal had been announced. Bullion Resources shares had been suspended at 6.25p after a quick advance in the share price a few weeks ago and they started trading again today at 10.5p, a rise of 68 per cent.

Note to Phil the Spin and the nomads and brokers involved with his companies, the suspension of Bullion Resources was requested after the shares had risen by 30 per cent, not thirteen fold as in the case of White Nile.

Nautical Holdings is a subsidiary of Masefield Energy Holdings which was created last year to hold the non-trading , asset based business interests of the Masefield Group. The Group also has an energy trading company, Masefield AG, which is involved in global trading of crude oil and refined products in major oil trading hubs and its clientele includes most of the participants in the global crude oil, gas and refined products markets. As a result of this business it has been able to identify and secure assets and interests which benefit from synergies with energy trading, while offering intrinsic viability and competitive advantage through application of oil process technology.

This is an important point as Masefield Energy has identified and acquired heavy oil reserves in the North Sea as a prime supply source for the downstream processed fuel business. The two licences are contiguous and are situated on the East Shetland Platform in the vicinity of the well-documented Bressay and 9/3 heavy oil discoveries. Key to this whole operation was the acquisition by Masefield Energy of specialised heavy crude oil production processing equipment designed and supplied by Halliburton for the Extended Well Test programme undertaken successfully on the Mariner oil field by Texaco in 1997.

Nautical Holdings has a 75 per cent interests in the licences and full ownership of the specialised oil production process equipment. The aim of the company is to lead a new phase in the development of known heavy oil reserves in the North Sea by applying advanced oil recovery technology, according to Ian Williams who will take over as chairman of Nautical Petroleum following the change of name. Mr Williams spent over 27 yrs with Royal Dutch/Shell Group before joining Masefield and ended up as Head of Strategy and Consultancy (Downstream) at Shell International Petroleum Company in London. He knows a bit about oil as does the proposed CEO, Stephen Jenkins who has 20 years technical and management experience in exploration and production world-wide with a range of oil and gas companies behind him..

The future of the business is therefore in experienced hands and Minesite can now hand over to Oilbarrel.com to follow it. The past can now be forgotten, but it was a salutary experience for London's junior mining sector. Hopefully the AIM regulators will take on board the fact that mining companies are not the same as widget manufacturers , food processors or transport companies. Advisers have to have more than a working knowledge of mining and be able to assess reports from Independent Consultants with competence. Only then will investors be confident that another Bullion Resources cannot slip through the gate.

[stevea171] 07/3/2005 22:18

The new shares are now valued at 10.5p the same as the old (70 million). The only difference is Nautical have a lockin (12 months?) for the new shares.

The deal has to be approved at a shareholders meeting, but the market is assuming the deal will go ahead as presented.

[macca28] 07/3/2005 22:13

well i will get more of an idea on the 70mil shares on offer now,

when the bulk of the shares come on to the market,
what price will the big institutions be paying for them,
more than 3p i hope,
will it depend on bullions price,less a percentage?

[stevea171] 07/3/2005 22:13

topvest. Yes ... Colin Bird is doing very well for Jubilee Platinum. (I have been following this for a long time). The management of Nautical sound like the real McCoy in the oil world, as well.

[topvest] 07/3/2005 21:59

I paid 6.3p for mine 18m ago. Should have bought 6m later, but happier after todays news. Very solid management team behind BLO these days. Colin Bird in particular is a smart cooky.

[stevea171] 07/3/2005 21:50

See what I mean about the agenda of hxj. MM's must be desperate paying him overtime!

[stevea171] 07/3/2005 21:45

macca. There is likely to be a lot of interest in this. The news has reached very few people so far.

This is not exploration and hoping for a hit .... it is DEVELOPMENT drilling next year and a potentially massive field, 18 km x 5km.

When this gets coverage via the investment magazines, news, broker research notes, etc it is likely to be hot, hot, HOT!

[hxj] 07/3/2005 21:44

Sorry misread you to quote:

"1. Reserves are 51 million bo.
2. Risked upside potential 395 million bo.

Value of 1. @ $30/barrel is $1530 million. Stg £805 million.
Value of 2. @ $30/barrel is $11.85 billion. Stg 6.6 billion."

Should of read it as:

"1. Reserves are 51 million bo.
2. Risked upside potential 395 million bo.

Value of 1. @ $3/barrel is $153 million. Stg £80.5 million.
Value of 2. @ $3/barrel is $1.185 billion. Stg 660 million.

And I havent discounted any of these figures to their NPV nor can I state that any oil actually is recoverable."

My mistake now silly of me. So paying full value now is a good thing, not in my books sorry.

For the real price of heavy crude see for example