Creon Share Discussion Threads

[oilbuy] 18/9/2013 20:55

Nice buy that !!

[mike111d] 18/9/2013 19:02

ddav, in my experience it does not work that way, the trade will be in the price, just late reported - an ordinary trade with conditions applying to it.

[ddav] 18/9/2013 18:36

Yes because at close it had not yet been entered,
only the 2000,000 buy was listed.

[mike111d] 18/9/2013 18:16

Interesting and yet the price still closed down?

[ddav] 18/9/2013 17:43

Plus a late buy biggie of 6,500,000 at 0.58 8¬))))

[genises] 18/9/2013 15:30

nice 2 million buy gone through.

[ddav] 18/9/2013 13:39

Lovely 0.6 to buy and 0.6 to sell.

[genises] 17/9/2013 21:16

All buys today at 0.60p

[mike111d] 17/9/2013 21:00

Looking better as of the close yesterday:

hxxp://www.barchart.com/opinions/stocks/CRO.LS

[share_shark] 17/9/2013 15:02

Keep a very close watch on PFP(pathfinder) also. I am a holder there.

[ddav] 17/9/2013 13:55

Strewth SS !!!! Row nine down, two in -- there's me and the missus!!!

[share_shark] 17/9/2013 13:51

Wind Farms.

[ddav] 17/9/2013 12:48

China's Rig backlog swells ---

We are sixth paragraph down

[share_shark] 17/9/2013 10:45

We know about Quatar Investment but take a look at Saad and Saad. Impressive eh?.


Mr. Ghanim Bin Saad Al Saad Al Kuwari has been appointed as Non-Executive Chairman of the Board of Creon Resources Plc effective 20 September 2012. He is the founder of Ghanim Bin Saad Al Saad & Sons Group Holdings (GSSG) which is one of Qatar's private sector business groups with investments in more than 40 companies around the world operating in the fields of aviation, maritime, automobiles, oil & gas, real estate, manufacturing, finance & asset management, engineering, education, fitness, hotels and hospitality, information technology and telecommunications. He was Managing Director of Qatari Diar Real Estate Investment Company, which was established in 2005 by the Qatar Investment Authority, the sovereign fund of the State of Qatar. He is a director and the principal shareholder of Qatar Investment Corporation

[genises] 17/9/2013 10:39

Also who we have as large investors!!!

[share_shark] 17/9/2013 10:31

To me this is THE most important factor of why I am here, besides the BOD being of top quality.





Creon" or "the Company")
Portfolio Update: $170m drilling rig order secured
The directors of Creon (AIM: CRO), the resources infrastructure investment company, are delighted to announce that Jiangsu Yangzijiang Offshore Engineering Co. Ltd. ("YZJOE") has entered into a contract valued at US$170 million with Explorer I Limited to construct and deliver one unit of a Le Tourneau Super 116E Class design self-elevating Mobile Offshore Jack up Drilling Rig. Creon's 46.45% owned joint venture with China's third largest ship building group, Yangzijiang Shipbuilding (Holdings) Pte Ltd (SP:YZJ), has a 40% holding in YZJOE. Explorer 1 Limited is 100% owned by Mena Offshore Investments Limited ("MENA") and managed by Offshore Logistics (Asia Pacific) Pte Ltd ("OLAP").

[share_shark] 17/9/2013 10:29

THIS is one of the most important pieces of info.




About Creon Resources plc
Creon Resources Plc is an investment company whose policy is to invest principally but not exclusively in the resources and/or resources infrastructure sectors.
In July 2012, the Company entered into a joint venture with the multi-billion dollar, Singapore listed, China based shipbuilding company, Yangzijiang Shipbuilding (Holdings) Pte Ltd ("YZJ Holdings"), to invest into the joint venture company, YZJ Offshore Engineering Pte Ltd ("YZJ Offshore"), a Singapore registered company set up by YZJ Holdings to be a leading player in the design and construction of marine offshore oil and gas vessels (jack-up and semi-submersible rigs). YZJ Offshore has a 40% holding in the Chinese mainland business, Jiangsu Yangzijiang Offshore Engineering Co. Ltd ("YZJOE").
To date, Creon has invested US$15.33 million into the joint venture, with YZJ Holdings and its associates having invested a further US$14.67 million. The majority of the funds have gone towards securing land rights to approximately 1.6 million square metres of prime shorefront land in Taicang, some 50 miles north of Shanghai on China's east coast.
YZJ Offshore and YZJOE provide marketing, procurement, front end engineering and design, and management consultancy services for the construction, fabrication and repair of oil and gas marine vessels and platforms.
The Directors believe that the offshore marine rig vessel market is a highly attractive one, underpinned by sustained high global demand and a high oil price environment, the age and phasing out of existing rigs in the market, and the increasing requirement for "floater" structures that are able to operate/drill in deeper water conditions.
ABOUT OFFSHORE LOGISTICS (ASIA PACIFIC) PTE. LTD.
Offshore Logistics Asia Pacific ("OLAP") was incorporated in Singapore in 1997. It is one of the biggest surface to sub-sea oil and gas equipment supplier to the Asian market and is owned and managed by its CEO, Mr. Dino Pereira.
OLAP is an industry leader in the supply of equipment for the oil and gas offshore marine industry. It maintains a wide range of surface and subsea equipment that can be effectively deployed on-site professionally within a short time. The company also provides repairs and maintenance as well as storage services and is the regional representative and sole agent for some renowned products and services in the oil and gas sector.
OLAP is strategically located within the Loyang Industrial Park in Singapore with convenient access to the Loyang Offshore Supply Base that serves as the premier marine hub in Singapore and caters primarily to the oil and gas offshore marine industry.
ABOUT MENA OFFSHORE INVESTMENTS LIMITED
Mena Offshore Investments Limited is a fund managed by OLAP, and domiciled in Labuan, Malaysia, primarily to own assets in the oil and gas market

[genises] 17/9/2013 09:56

offshore wind farm market the consortium is already in discussion with some prospects on how best to capitalise on this further market opportunity.

[ddav] 17/9/2013 09:47

Coming together nicely --

In April 2013, we acquired a 49% stake in ferrous metal and ore trader, MGR Resources PTE Ltd.

[genises] 17/9/2013 09:43

Creon can announce that MGR is in advanced negotiations over long term supply contracts from sub-Saharan Africa for iron ore and chromium ore. These contracts, if secured on the current expected terms, will generate significant returns for MGR

[ddav] 17/9/2013 00:03

Variant of Le Tourneau Drilling Rig --

[genises] 16/9/2013 20:52

Yangzijiang Shipbuilding – our ability to source significant contracts, and the demand in the market for modern mobile drilling vessels to replace older and shallow water drilling rigs that are being phased out of the industry. Creon will be able to leverage off our partner's existing world class state of the art yard and infrastructure whilst simultaneously allowing our joint venture business, YZJ Offshore, to develop a new facility at the recently acquired shore line land in Taicang outside Shanghai."

"We are confident that we will be able to build a significant order book through YZJ Offshore and Jiangsu Yangzijiang Offshore Engineering Co. Ltd."

impressed by the professionalism of the management of Yangzijiang Group, its state-of-the-art yard and facilities. We believe that Yangzijiang is one of the finest shipbuilders in the world and should be able to migrate and leverage its experience and expertise to the jack up rig construction business through YZJ Offshore

[genises] 16/9/2013 20:42

Share-shark have you seen the latest amount of rigs being built in China
23 (2) have been withdrawn due to financing
Singapore only 17 one of the hubs of rig building.

August 5, 2013, 8:07 a.m. ET
.
China's Offshore Push Shakes Singapore Builders of Oil-Drilling Rigs

Beijing Shifts Resources From Shipbuilding, Seeking 20% of Global Market
Chinese yards are on track in 2013 to win the largest number of rig orders they've had in any single year, helped by a sustained drive to redeploy resources from the glutted shipbuilding sector. Beijing's five-year economic-development plan, which runs through 2015, calls for developing three coastal hubs for offshore equipment: Bohai Bay, the Yangtze River Delta and the Pearl River Delta.

[oilbuy] 16/9/2013 19:32

xcap here's hoping !!!!