Core Vct I Share Discussion Threads

[cpap man] 24/4/2017 10:35

AST



sue99924 Apr '17 - 09:48 - 6946 of 6950 1 0

Northland Capital Partners View on the City - Ascent Resources Plc

Ascent Resources (LON:AST) – BUT*: FY16 Results

Market Cap: £32m; Current Price: 1.9p; Target Price: 4.3p

[fillipe] 24/4/2017 09:56

7DIG...?

f

[fillipe] 24/4/2017 09:55

HNT - 51p mid. Huntsworth a steady and consistent riser since 38p at the start of this calendar year.

Recent March/April tp's from 2 brokers were increased to 63p and 65p.

AGM - 26/5

f

[cpap man] 24/4/2017 08:52

KOD



Edgein24 Apr '17 - 08:49 - 2183 of 2183 1 0

12bn,

Likely still got that order on the books, they were bidding over most of Friday afternoon and didn't attract many sellers. The market barely flinched here when they confirmed the new discoveries and they're patiently awaiting the paperwork to complete after the pre-Easter meeting between KOD and Suay Chin. Clearly the excellent news from the drilling campaign still sinking in for some. I guess someone wants in on the cheap (bidding in volume) in case that 0.38p funding completes. We'll soon have the drilling results complete, then assays, and after that the company said it would move to get a resource out for these discoveries around mid year. So plenty of action for the patient.

Regards,
Ed.

[cpap man] 24/4/2017 08:48

AST



sue99924 Apr '17 - 07:43 - 6943 of 6943 1 0

At the end of 2016 the CN's stood at GBP6.162 million

Further GBP4.0 million of loan note conversions significantly reducing debt.

Good news: Outstanding debt GBP2.162 million

[cpap man] 24/4/2017 08:44

AST



Ascent Resources plc

("Ascent" or "the Company")

Audited final results for the year ended 31 December 2016

Ascent Resources plc, the AIM quoted European oil and gas exploration and production company is pleased to report its audited full year results for the year ended 31 December 2016.

2016 Highlights:

· Gas sales agreement signed with INA giving the joint venture a route to market for gas via the export production pipeline.

· Acquisition of Trameta, providing the Company with access to the export production pipeline to Croatia.

· Raised £6.0 million via equity and convertible loan placings.

· Reduction in debt of £5.0 million though loan note conversions and repayment of short-term facility.

· Reduced loss for the year by £1.0 million through reduced administrative expenses (£0.5 million) and lower finance costs (£0.5 million).

Post Period Highlights:

· First commercial sale of gas delivered from Pg-10 in April 2017.

· £3.0m raised via equity placing through PrimaryBid.com in February 2017.

· Further £4.0 million of loan note conversions significantly reducing debt.

Colin Hutchinson, CEO of Ascent, commented:

"In the period under review and subsequently the Company has transformed itself from an explorer into a properly funded producer.

We look forward to continued success in the future."

[andrbea] 24/4/2017 08:27

sbtx (2-day riser)

[andrbea] 24/4/2017 08:23

red 5%

Dr DarkStar24 Apr '17 - 08:01
'Letter of Intent: Signed with a UK energy project developer with potential 490MW of grid connected sites '

That's a lot of potential units. Anyone any serious idea who this is?

[cpap man] 24/4/2017 08:20

TLY were a MOS share tip fillipe

[cpap man] 24/4/2017 08:17

CLNR



Major farm in = 10p to 15p

Gas strike = 20p to 30p

[fillipe] 24/4/2017 08:15

TLY + 6.1%, for whatever reason?

f

[cpap man] 24/4/2017 08:10

CLNR



Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources

24 April 2017



Cluff Natural Resources Plc ('CLNR' or 'the Company')

Preliminary Results



Cluff Natural Resources Plc, is pleased to announce its audited preliminary results for the year ended 31 December 2016 ('FY 2016').



Highlights

· Successfully repositioned portfolio to focus exclusively on the Southern North Sea gas basin, a proven region which has seen a significant pick-up in operational and corporate activity

· Two core licences include eight distinct prospects in five proven reservoir bearing formations with gas initially in place (GIIP) estimates of between 1.4 and 9.5 TCF (P10-P90 Range)

· Tripling of the P50 prospective resources contained within the Company's two licences to approximately 2.4 trillion cubic feet of gas following an independent technical audit and CPR and further technical work

· Post period end Scoping Study on Cadence-Scremerston and Basset Bunter prospects on Licence P2248 indicated robust economics and highly positive NPVs in various development scenarios

· Implied extrapolated NPV (unrisked) of £697m for the six identified prospects on P2248

· Data room opened post period end in January 2017 to secure partner(s) to participate in drilling exploration wells on the Company's licences - significant level of interest seen

· Extension and revision of MOU with Halliburton for a further two years to February 2018 to focus on the development of the Company's conventional assets in the Southern North Sea

· Board strengthened following the appointment of Mark Lappin, recently E&P Subsurface Director (UK and Netherlands) at Centrica

· £2.5 million raised by way of the placing of new ordinary shares in April and November 2016

· Cash position of £1.71 million as at 31 December 2016 (2015: £1.11 million)

· Cash used in operations for the period reduced to £1,334,065 (2015: £1,394,277)

· Loss for the period reduced to £1,730,606 (2015: £1,872,099) - includes non-cash impairment charge for relinquished licences



Chairman and Chief Executive's Statement



While the market for oil and gas companies remains challenging I believe there has been a significant improvement in sentiment, both within and towards the industry. The last few months have seen increased M&A activity, an increasing number of farm-ins, the re-structuring and re-capitalisation of major mid-tier companies and certain oil and gas majors committing to long term production from the UKCS, including BP's publicly stated ambition to double their production from UK waters.

Of more significance to your Company is the recent re-affirmation of the prospectivity and long term future of the Southern North Sea gas basin and its strategic importance to the UK. Of special note is the recent acquisition of the Breagh asset, which is adjacent to our licences, by Oranje-Nassau Energie, the spudding of a deep Carboniferous exploration well on the Ravenspurn gas field by BP and Centrica's renewed interest in exploration evidenced by the award of a tranche of blocks immediately to the North of our existing licences in the recently announced 29th Offshore Licencing Round.

This increased positivity towards the Southern Gas Basin has also manifested itself in the significant level of interest and traffic through our dataroom which was formally opened in January to facilitate the farm-out of our existing portfolio of high quality exploration assets. Of relevance to this process I am pleased to reaffirm the announcement in October 2016 of an independent technical audit and CPR and further technical work announced in December 2016, which has resulted in a tripling of the P50 prospective resources contained within this portfolio to approximately 2.4 trillion cubic feet of gas.

We also recently announced the findings of a Scoping Study on just two of the six identified prospects on licence P2248 which demonstrated robust economics for these prospects and extrapolated an overall implied unrisked NPV of £697 million for all six of the prospects on this licence. This study has confirmed our long-held conviction that exploring for gas in the Southern North Sea can deliver significant value for shareholders and the UK as a whole. Should exploration wells prove commercial quantities of gas in line with expectations, then these economics demonstrate that cost effective development options are readily available, a key consideration for any operator or investor looking at the Company's exploration assets.

Being a UK company with exclusively UK North Sea interests, your management is accountable to shareholders for adopting that position. We have done so for a number of reasons. Firstly, notwithstanding the apparent view of many of the major oil companies that the North Sea no longer offers the prospect of major discoveries (about which they may well be in error), it is widely agreed that there remain many licences which contain high quality exploration targets. HMG has the power to render those targets even more attractive by fiscal incentive. Secondly, the North Sea is well run. Thirdly, it is secure. And, fourthly, it contains many existing discoveries (which the UK's Oil & Gas Authority (OGA) estimates to be in excess of three hundred) which remain undeveloped. The OGA is due to announce the 30th round of licence awards and we are advised that this round will include such "small pools" of oil and gas which will reduce much of the exploration risks whilst offering, in some cases, immediate resources. We have been giving much thought to this eventuality and are determining how to respond with the intention of applying when the round is announced. It is my view that this could herald a "North Sea Phase Two" with the OGA estimating that as much as 3.4 billion barrels of oil equivalent is distributed amongst these pools.

In line with our stated UK focused strategy, the Company looked to strengthen the Board and I am particularly pleased to refer to the appointment of Mark Lappin as a Non-Executive Director. Mark's most recent role was that of E&P Subsurface Director (UK and Netherlands) at Centrica and brings a wealth of relevant technical and commercial North Sea experience to the Company as well as an inventive mind.

We have also raised £2.5 million of cash by way of equity during the period under review and wish to thank our shareholders for their support.

Our destiny is directly linked to the North Sea and the absence of any major commitments and debt gives us a theoretical agility which most other companies lack. It is our duty as management to convert that theory into action.



J G Cluff

Chairman and Chief Executive

[fillipe] 24/4/2017 08:09

ELA - from today's RNS....

"George Maxwell, CEO of Eland, commented:

"The successful borrowing base review with our bank, Standard Chartered, ensures we are funded for our upcoming work programme at Opuama-7 which we expect to commence in the near term. Weare targeting bringing Opuama field's gross production from Opuama-1, 3 and 7 up to 17,500 barrels of oil a day by early H2 2017.



There is real momentum in the business as we focus on growing our production sharply and I look forward to updating all stakeholders on our drilling activities at Opuama-7 in the future."

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[eye2] 24/4/2017 07:57

SRSP !!!!!!!!!!!!!!!!
SDX!!!!!!!!!! Will run up
88E tomorrow

[moneytree1] 24/4/2017 07:44

ACP cap4m

Our Mahenghe neighbour Black RockToday 04:0324th April 2017
PFS results estimate a valuation of A$825 million

[timw3] 24/4/2017 07:35

GEO todays bagger...funded and only `£8m cap.

RNS "Future resource expansion programme aims to develop a 50 million tonne resource..." That's ridiculously big.

Key sentence "We are extremely pleased to have met the requirements of our JV partner to achieve early production"

[fillipe] 23/4/2017 18:15

TETH - formerly Aurasian Minerals - was Triple plate Jct, yada yada.

There's nary a current mention anywhere on TETH. They were up at above 6p-ish early Feb and dirs paid for some at around the 6p mark. There was then a 4.5p placing and the share has slipped back to abt 4.2p.

Results from drilling for Gold/Copper are due late April, but meanwhile TETH seems to have slipped off all the radars, after being a bit of a darling.

I just wondered if anyone had and thoughts? I'm a holder....with a bit of profit just now. Ta muchly anyone.

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[hope67] 22/4/2017 21:52

Oex has been a dog but looks like that is going to have a turnaround, chart at the bottom and turning positive plenty of news to come

[fillipe] 22/4/2017 20:51

One to chew on.

TST - Touchstar.

11 April 2017

"Touchstar has swung to a FY after-tax profit of £475,000, from a loss of £6.3m previously, as it benefited from improved margins in spite of a fall in revenue.

"Even though revenue in 2016 was lower than in the prior year, the greatly improved margins ensured that profitability was substantially enhanced," said chairman Ian Martin.

Revenues were lower at £7.6m, from £8.7m.

Story provided by StockMarketWire.com"

Only 6.3m shrs in total = sub £7m mcap @ 106p.

Forecast eps for year to 12/2017 = 12.6p
Next AGM abt 24-5-2017
Check out their ADVN board for possible tp, although may be improved on.

This the old Belgravium which has been considerably reinvigorated and looks like being more so, following on from these early days' results.

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[noirua] 22/4/2017 13:37

MAFL Mineral and Finance have pulled back after drilling results that looked promising. Further results are due in very late April or during May. Has to be a gamble on what the results will be. Either very cheap on good results and to remain lacklustre if not.

[noirua] 22/4/2017 13:28

MYSQ Mysquar ended up the same as Thursday, plus 19%. Posters are looking for between 2p and 4p. In micro caps you can never be sure but a large holder adding more shares on market looks promising.



INFT Infinity Energy - a bit red faced on this one as the shares have moved fairly close to the cash raising price. However, GC the new director, added £480k at 0.13p a share and is a solid holder. The extra £500k added at the same price is less solid imho.
INFT look well set with cash to splash on a new investment. Probably associated with Welsh gas. GC has his thumb in many pies so that's not a certainty by any stretch of the imagination.
Added a lot of shares around 0.145p for a merry punt.