Carpathian Resources Share Discussion Threads

[papillon] 11/5/2007 20:31

Such a high volume might signify its peaked, short term, chopsy?

[notanewmember] 11/5/2007 20:27

The magic words are Russian and Gazprom

GAZPROM

GAZPROM

GAZPROM

will rule the world!

[stenick] 11/5/2007 20:09

I wish all my shares were like these....negative drill result,no money, a placing,sacked the board,and the russians come in.Yippee thats the way to do it...LOL...

[chopsy] 11/5/2007 19:40

Over 12m shares traded on AIM today, is that a record for CPNR? Perhaps the news is just beginning to sink in.

[notanewmember] 11/5/2007 19:08

Carpathian Resources Announces Change in Board of Directors and Substantial Shareholder and Private Placement
Friday, April 20, 2007

• Change in Board of Directors
• Acquisition of 23.2 million shares by Energo Holdings Corporation
• Private Placement of 50 million shares at 6.5 cents

Carpathian Resources Limited announces that Energo Holdings Corporation ("Energo") has agreed to acquire 23,287,543 ordinary fully paid shares in the capital of Carpathian for 7 cents (approximately 2.9 pence) per share.

Completion of the acquisition (which is unconditional) is due to occur on 20 April 2007, after which Energo will own 17.33% of the issued share capital of Carpathian.

Energo has also agreed, subject to shareholder approval, to subscribe for 50 million ordinary fully paid shares of no par value at 6.5 cents (approximately 2.7 pence) per share, representing an additional A$3.25 million (approximately £1.355 million) of new capital for Carpathian – after which Energo would own 39.74% of the issued share capital of Carpathian.

The Company intends to use this additional capital to implement a new growth strategy by acquiring interests in other European and former Soviet Union oil and gas fields and by investing further in the existing asset portfolio of the Company.

The 23,287,543 existing shares will be acquired from Elcos (Qld) Pty Ltd, Barchester Pty Ltd, Burnal Pty Ltd and Royal Sunset Pty Ltd being companies controlled by Mr Eddie Smith (a director of Carpathian), Persal and Co Investments Pty Ltd and Redbrook Nominees Pty Ltd (together the "Vendors").

Energo Holdings Corporation

Energo is a special purpose company established to represent a consortium of European and Russian investors wishing to implement a new growth strategy for the Company. Energo will thoroughly evaluate Carpathian's assets and investigate funding the most prospective assets and intends to expand the asset portfolio by acquiring new projects. Mr Maximiliaan Danishevski, has been appointed to the board of Carpathian as Executive Chairman. Currently, Mr. Danishevski is CEO of BSGE Mediterranean, a joint co operation
with Gazprom, one of the world's largest energy companies, for the supply and distribution of gas to Cyprus and Israel known as Blue Stream II. Within this framework of activities, he is also a member of the Gazprom Export / BSGE Mediterranean Steering Committee.
Gazprom Export is the exclusive gas export arm of Gazprom.

Following the sale of 9,885,156 ordinary shares at 7 cents (approximately 2.9 pence) for a total consideration of A$691,960 (approximately £288,597) by entities controlled by Mr Smith, Mr Smith's interested holding will be 10,979,440 ordinary shares or 8.17% of the issued share capital of Carpathian.

Following the sale of 9,259,373 ordinary shares at 7 cents (approximately 2.9 pence) for a total consideration of A$648,156 (approximately £270,719) by Persal and Co Investments Pty Ltd, Persal and Co Investments Pty Ltd's will not have any residual shareholding in the issued share capital of Carpathian.

Following the sale of 4,143,014 ordinary shares at 7 cents (approximately 2.9 pence) for a total consideration of A$290,010 (approximately £121,130) by Redbrook Nominees Pty Ltd, Redbrook Nominees Pty Ltd's interested holding will be 1,000,000 ordinary shares or 0.74% of the issued share capital of Carpathian.

Change in Board of Directors

For clarification, with immediate effect the board of Carpathian is:
Mr Maximiliaan Danishevski - Executive Chairman
Mr Anthony Hawkshaw – Executive Director
Mr Robert Downey – Non-Executive Director
Mr Doug Jendry – Non-Executive Director

Maximiliaan Henri Danishevski, aged 39, is based in Belgium and has been involved in the European Mediterranean and Russian oil and gas industry for over 15 years. Mr. Danishevski is currently the CEO of BSG Mediterranean, which is working closely with Gazprom to supply and deliver gas to Cyprus and Israel via the Bluestream II extension
pipeline project and is a member of the Gazprom Export / BSGE Mediterranean Steering Committee. Mr. Danishevski holds a Bachelor and Masters of Business Administration from the European University, Antwerp.

Anthony (Tony) Grant Hawkshaw, aged 54, is a Chartered Accountant and a member of the Institute of Chartered Accountants of Ontario, with extensive experience in international finance, equity raising and corporate acquisitions. Mr Hawkshaw was CFO of Grove Energy Limited from 2004 to present, Chariot Resources Limited from 2004 to 2006, Pan American Silver Corp. from 1995 to 2003 and CFO and VP of Great Lakes Minerals Inc. prior to 1995.

Robert Hartley Downey, aged 40, has practised law since 1998, and has been admitted as a Barrister and Solicitor of the Supreme Court of Western Australia and the High Court of Australia. Mr Downey has advised several oil and gas companies in all aspects of oil and gas law in a variety of jurisdictions as well as advised on initial public offerings, company law, equity raisings and acquisitions, with extensive experience with companies listed on the ASX, TSX and AIM markets. Mr Downey was the Company Secretary of Grove Energy
Limited from 2004 to present.

The incoming Board would like to thank Messrs Priest, Linsley and Smith for their contribution and stewardship of the Company over the past few years and for bringing the Ja3a discovery into production. Mr. Smith remains as a shareholder and consultant to assist in the future development of the Company.

[takeatip] 11/5/2007 15:32

Wish I knew what is going on.

[hiram abiff] 11/5/2007 15:19

........looks like investors are top slicing / selling out, as the share price has gone ballistic. Many hoping they will get in once the share price consolidates at lower share price - but it continues to defy gravity. Must admit i have top sliced too, and taken profits.

Until we see some factual figures to support this speculative rise in SP, - I was always taught to be cautious; therefore I will monitor.

Good luck - DYOR.

HAb

[curlly] 11/5/2007 13:50

time will tell

[nicebut] 11/5/2007 13:49

Mate, I don`t have a clue, but:1 There are some big trades going thru
2 There is a biggish buyer out there (or 2)
3 CPNR is now on the radar of many,
4 Let the trend be your friend....my guess is up!! I`m normally wrong though curlly..!!

[curlly] 11/5/2007 13:44

nicebut
which way do you think it will go this afternoon then.

[nicebut] 11/5/2007 13:40

curlly,

Well done on your profit.....I closed a t-25 too, getting `free` shares instead of the profit...you were right in the morning/ don`t think you will be right this afternoon!!

[curlly] 11/5/2007 13:33

Sorry but had to top slice 33532@6p feel happier to let the rest ride now, and i can sleep tonight.

[curlly] 11/5/2007 13:11

Back home and yes it`s blue, dont think we will see much movement this afternoon.

[chopsy] 11/5/2007 12:13

Are you guys familiar with what is going on at XTR? They own 28% of ASX:MEO which is rocketing away now on approaching appraisal drilling on their 13tcf shallow gas fields in Aus waters. They have permission/consents (the only ones in aus) for an LNG plant and a methanol plant, the latter benefits from high CO2 content gas. The share price is being held back by unexpired warrants, but IMHO, will soon have to rise to reflect the value of the MEO stake and their other assets. Take a look.

[temelco] 11/5/2007 12:06

Now it gets really interesting - MMs must be short about 1.2m. In theory they should drop the price to make sales. In my view they will push it up.

[chopsy] 11/5/2007 12:00

Done, pasted into header.

[zengas] 11/5/2007 12:00

Hi Chopsy

Definitely interesting here. Not in but these guys don't take an interest in small companies like these for nothing. I'll keep an eye on what assets they acquire here. As you say if they can pick them up at a share price close to todays price, it could set them up for some good growth. I wasn't suggesting that the presnt mkt cap is over-priced, just that some might have thought there was only half the shares in issue and getting an absolute bargain.
The russians might know of some seriously cheap assets that they can pick up.
I missed out on Tonesters rec to me of MXP at 35p (now £1.80) and SLN at 33p now £1.10. We can't all be right (or wrong) at times nor in every good opportunity that comes along.

Best of luck here. (As i said looks interesting).

[nicebut] 11/5/2007 11:47

Thanks chopsy...

Can you put in the quick link to the company web site please?

He did well to get out of VOG.....

[temelco] 11/5/2007 11:44

despite the balance of buys sells and ?s showing, the 1m was a sale, and a ?400,000 was a buy, with about another 300,000? as sells. So buys in total about 2.4m and hey sells about 2.2m. This is a very good two way trade for your friendly neihbourhood MM.

[chopsy] 11/5/2007 11:42

Sells soaked up, we are on our way again.

[chopsy] 11/5/2007 11:40

zengas is a serious private investor who posts on advfn BB. He is an expert on FSU O&G. He did very well out of VOG (40p to 200p) and got out before many of us got locked in. Similarly with eme he bought at 32p before they dipped to 23p, and sold at about 130p before they peaked at 165p. He hasn't done so well in every position, mind you, no one is perfect.

His current FSU picks are TMAN, PTR (but watch out there, there may be a cash call coming), VGAS (new listing), and best of all, MTA. Read his research on the relevant threads and make your own mind up. Don't follow anyone slavishly. His pricipal value is in his expert research, and even temperament (apart from occasional outbursts at muppets). He may be able to tell you what to buy, but no one can tell you when to sell! The rich usually sold too early.

[nicebut] 11/5/2007 11:17

Ok, I`m over....

Who is Zengas?? am I being stupid?

[temelco] 11/5/2007 11:14

I think chopsy has the right idea. Max will have serious money lined up to take any shares they need to place and the convertible might be more like 10p.