Cqs Rig Share Discussion Threads

[steelwatch] 20/4/2010 14:47

As at the close of business on 19 April 2010 the Estimated NAV per share was 27.55 pence.

[steelwatch] 16/4/2010 08:57

The report says the central problem for the coming decade "will not be a lack of petroleum reserves, but rather a shortage of drilling platforms, engineers and refining capacity".

And it warns: "Even were a concerted effort begun today to repair that shortage, it would be 10 years before production could catch up with expected demand."

[steelwatch] 13/4/2010 18:05

As at the close of business on 12 April 2010 the Estimated NAV per share was 26.19 pence.

[steelwatch] 06/4/2010 11:47

Finally back above the level these were suspended at:

[andrbea] 06/4/2010 11:37

Rigs in Europe, just 100 for land-gas...

(from sle thread today)

Mr Fanning pointed out that the Polish Government, which is keen to diversify its energy supplies from a reliance on Russia, has been strongly supportive of the programme. It is seeking a 23 per cent tax take. Rowen Bainbridge, the chief executive of Aurelian Oil and Gas, another British company exploring in Poland, said: "These are some of the best fiscal terms in the world. The Government is creating a very large commercial incentive to develop these deposits."

Some have been sceptical that unconventional gas production will take off as quickly in Europe as it has in America, where output has grown fourfold since 1990 to more than 50 per cent of total production. One reason is a shortage of land-based drilling rigs in Europe. The number of rigs in the US stands at 949, according to figures from Baker Hughes, an oil services company based in Houston. In Europe it is thought there are about 100 rigs.

European Union gas demand is expected to rise by 2 per cent this year to 554.1 billion cubic metres, with domestic output meeting about half of that total, according to Wood Mackenzie. Russia supplies about 25 per cent of the EU's gas needs.

[andrbea] 06/4/2010 08:39

Will Obama's plans to open up the eastern seaboard for drilling mean a US shortage of rigs over the next 5 years?



... and isn't that good news for suppliers of rigs, like this company, who can then charge higher prices (question of supply & demand)?

nia dyor

[steelwatch] 01/4/2010 16:26

As at the close of business on 31 March 2010 the Estimated NAV per sharewas
25.43 pence.

[gary1966] 10/2/2010 10:19

Spoil sport, meanie etc..LOL

[badtime] 10/2/2010 09:42

25P...hmmmmmmmmmmmmm................................................NAH ..LOL

[gary1966] 10/2/2010 09:17

I'll sell you some of mine at 25p to cover the growth in NAV over the next month, or maybe the next week!!

[badtime] 09/2/2010 22:35

Hmm...maybe time to get bak in!

[tiltonboy] 09/2/2010 21:55

Time to buy a few more I think.

[gary1966] 09/2/2010 19:18

Another big jump in NAV this week. 23.19p now.

[badtime] 04/2/2010 22:28

hav to say sold last week..purely on overal market concerns not share specific

[hosede] 04/2/2010 21:13

with markets looking set to plummet world wide, it's time for a sHARP exit. I'm out

[gary1966] 19/1/2010 15:14

NAV storming presently. 20.79p now. Nice that the share price is responding accordingly as well.

[badtime] 13/1/2010 01:00

U might b/e at this rate Tilts :)

[gary1966] 12/1/2010 21:04

Big increase in NAV up to 19.08p from 17.21p at 31.12.09.

[badtime] 18/12/2009 10:24

Nice looking graph from May...who bought then?

[pre] 14/12/2009 08:11

Holding(s) in Company





TIDMRIG

+------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+------------------------------------------------+



+-------------------------------------------------------------------+
| 1. Identity of the issuer or the | |
| underlying issuer of existing shares to | CQS Rig Finance Fund |
| which voting rights are attached: | Limited |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 2 Reason for the notification (please tick the appropriate box or |
| boxes): |
|-------------------------------------------------------------------|
| | |
| An acquisition or disposal of voting rights | Yes |
|-------------------------------------------------------------+-----|
| | |
| An acquisition or disposal of qualifying financial | |
| instruments which may result in the acquisition of shares | |
| already issued to which voting rights are attached | |
|-------------------------------------------------------------+-----|
| | |
| An acquisition or disposal of instruments with similar | |
| economic effect to qualifying financial instruments | |
|-------------------------------------------------------------+-----|
| | |
| An event changing the breakdown of voting rights | |
|-------------------------------------------------------------+-----|
| | | |
| Other (please specify): | | |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 3. Full name of person(s) subject to the | |
| notification obligation: | Baillie Gifford & Co |
| | |
|--------------------------------------------+----------------------|
| 4. Full name of shareholder(s) (if | |
| different from 3.): | |
| | |
|--------------------------------------------+----------------------|
| 5. Date of the transaction and date on | |
| which the threshold is crossed or reached: | 20-Nov-09 |
| | |
|--------------------------------------------+----------------------|
| 6. Date on which issuer notified: | |
| | 11-Dec-09 |
|--------------------------------------------+----------------------|
| 7. Threshold(s) that is/are crossed or | |
| reached: | 16% |
| | |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------------------------+
|8. Notified details: |
|-------------------------------------------------------------------------------------|
|A: Voting rights attached to shares |
| |
|-------------------------------------------------------------------------------------|
|Class/type of |Situation previous |Resulting situation after the triggering |
|shares |to the triggering |transaction |
|if possible using|transaction | |
|the ISIN CODE |-------------------+-----------------------------------------------|
| |Number |Number |Number |Number of voting |% of voting rights|
| |of |of |of shares|rights | |
| |Shares |Voting |---------+-----------------+-------------------|
| | |Rights |Direct |Direct |Indirect |Direct |Indirect |
|-----------------+----------+--------+---------+-------+---------+--------+----------|
|Ordinary | | | | | | | |
|Share | | | | | | | |
|GG00B1GVK032 |14465100 |14.85% |16465100 | |16465100 | |16.90 |
| | | | | | | | |
|-----------------| | | | | | | |
| | | | | | | | |
+-------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| B: Qualifying Financial Instruments |
|-------------------------------------------------------------------|
| Resulting situation after the triggering transaction |
| |
|-------------------------------------------------------------------|
| Type of | Expiration | Exercise/ | Number of voting | % of |
| financial | date | Conversion | rights that may | voting |
| instrument | | Period | be | rights |
| | | | acquired if the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
| | | | | |
|------------+------------+------------+------------------+---------|
| N/A | | | | |
+-------------------------------------------------------------------+



+--------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments |
|--------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction |
| |
|--------------------------------------------------------------------------------|
|Type of |Exercise |Expiration |Exercise/ |Number of |% of voting |
|financial |price |date |Conversion |voting |rights |
|instrument | | |period |rights | |
| | | | |instrument | |
| | | | |refers to | |
|--------------+----------+------------+------------+------------+---------------|
| | | | | |Nominal |Delta |
| | | | | | | |
| | | | | |--------+------|
|N/A | | | | | | |
+--------------------------------------------------------------------------------+



+-------------------------------------------------------+
| Total (A+B+C) |
| |
|-------------------------------------------------------|
| Number of voting rights | Percentage of voting rights |
|-------------------------+-----------------------------|
| 16465100 | 16.90 |
+-------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting |
| rights and/or the |
| financial instruments are effectively held, if applicable: |
|-------------------------------------------------------------------|
| |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| Proxy Voting: |
| |
|-------------------------------------------------------------------|
| 10. Name of the proxy holder: | N/A |
| | |
|------------------------------------------------------------+------|
| 11. Number of voting rights proxy holder will cease to | |
| hold: | |
| | |
|------------------------------------------------------------+------|
| 12. Date on which proxy holder will cease to hold voting | |
| rights: | |
| | |
+-------------------------------------------------------------------+



+-------------------------------------------------+
| 13. Additional information: | |
| | |
|-------------------------------+-----------------|
| 14. Contact name: | Carrie Anderson |
| | |
|-------------------------------+-----------------|
| 15. Contact telephone number: | 0131 275 2074 |
| | |
+-------------------------------------------------+

=--END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

[pre] 11/12/2009 19:13

..this will start hitting the radar....another increase of 2Million announced after the bell...roll on monday:-)))

[pre] 07/12/2009 08:09

yes good point ...risk reward ratio suits my appetite here...here we go....

[badtime] 06/12/2009 23:39

Aye...mines a modest nibble