Curzon Energy Share Discussion Threads

[letmepass] 05/3/2019 09:23

A long long wait here.

[tomboyb] 05/3/2019 09:21

Multi TCF project still on cards as well as COOs Bay valued at 23p alone -

Broker note 23p target -

Double from here? quadruple?

[tomboyb] 05/3/2019 09:12

Fairly big upside from these levels -

Not a great deal of stock around but massive price discrepancy -

[tomboyb] 05/3/2019 09:05

www.proactiveinvestors.co.uk/columns/sp-angel/30675/in-brief---curzon-energy-30675.html

Crazy at 1.4p -

[tomboyb] 05/3/2019 09:01

[...]

News In Brief
Curzon Energy*

(LON:CZN) – 1.30p

$24.3mm (23p)

Transaction Reignites Potential

The Company has disclosed that it has completed a placement and secured access to its agreed credit line to support its proposed transaction with Pared Energy.

This provides the Company with optionality to pursue the best structure possible to generate value for shareholders, which will also necessarily include farming out the Coos Bay assets.

While we await more information on the proposed transaction, we are reiterating our $24.3mm (23p) valuation, which is based solely on its Coos Bay asset.

[tomboyb] 05/3/2019 08:57

seen the LSE post? -

Broker target is 23p -

Zero interest at the moment but that can change -

[tomboyb] 20/2/2019 11:56

As at 24 April 2018, the Company has been advised of the following significant interests (greater than
3%) in its ordinary share capital:
Shareholder Ordinary shares held % held

Jim Nominees Limited 41,665,100 57.39
Reyker Nominees Limited A/C TFI 6,750,000 9.29
Regency Mines PLC 6,467,500 8.90
Queensbury Inc 4,000,000 5.51
Mountainville Limited 3,200,000 4.40

Roughly 85% held with last placing at 10p -

Are looking at a new opportunity multi-TCF -

[tomboyb] 20/2/2019 11:43

Bouncing off all time lows -

[tomboyb] 20/2/2019 11:38

Scott Kaintz
‏

@KaintzS
Follow Follow @KaintzS
More
Looking forward to working more closely with Pared Energy on the Texas gas play. It looks to have real legs and would slot in nicely alongside Coos Bay...more to come... #CZN #Texas #Gas #Coosbay

Was in DEC for a multi-TCF opportunity -

[tomboyb] 20/2/2019 11:16

29% down -

Looks like a possible placing coming -

[tomboyb] 13/2/2019 12:19

-News expected a possible JV for koos bay -

- Participation in the drilling and development of a multi-TCF onshore natural gas project in Texas

Last placing at 10p per share - (possible further )

Current market cap £1.4million with 85% held by major shareholders

[tomboyb] 11/2/2019 13:35

Well its up today -

Blue -

Charts have been reversing lately so we'll see whether this one will too -

[vatnabrekk] 13/11/2018 11:59

I can't decide whether this re-shuffle is a good thing or bad thing.

[novicetrade68] 13/11/2018 10:48

In a way we had two bits of news, the interims which seemed to suggest plans need to be evaluated, appr. $450k in cash left and then recently we heard the whole executive team were either fired or collectively handed in their notices. I suppose any way forward would involve raising new money. I must admit to taking my losses following the interims, I might buy back in, but am unsure now how this company can deliver anything in the short term. Perhaps I am overly negative, any funds raised could be at a premium too to todays' shareprice.

[backmarker] 13/11/2018 10:10

price of Nat Gas continues to buck the trend and is over 30% up from its lows.

would think this will make the economic case better for the future of CZN, but the consistent lack of news makes me wary of adding to my small stake.

[backmarker] 23/10/2018 08:10

At least the price of Nat Gas is up about 15% on what is was some months ago.

Clearly they are having some problems or we would have more news. They are well behind the original schedule.

[vatnabrekk] 30/8/2018 07:39

Huge buys yesterday. Hope that's a sign of something to come.

[ken chung] 19/8/2018 10:30

I sense a recovery is now on.

[backmarker] 03/8/2018 14:44

the "5 well" project is intended as a proof of concept.

if proved, then the intention is to link another 40+ wells, for which they will clearly need more cash.

they were supposed to have completed the project by end-June. however in April they announced additional work, viz. taking out bridge plugs in the 5 wells. but they didn't say how long this extra work would take. and we've heard nothing since.

assuming everything pans out as hoped then I expect the price to recover substantially.

the initial offering was at 10p, so one might think that the current 7p is a good entry or top-up level.

but with no info to go on it's just a big gamble at present.

[novicetrade68] 02/8/2018 22:21

Was surprised too that a fair amount of money got converted at 8p. I agree some news is well overdue now. As far as I can see, it is still not entirely clear which way they want to go with their project, ie start-up small and try to grow organically, or do the bigger outlay right away, assuming they have the customers lined up, get the contracts in, raise money and getting a bigger revenue stream in the end.

[backmarker] 31/7/2018 14:21

when I saw there was an RNS on Issue of Equity I thought they were raising finance before we even had an update on progress.

however it seems they are settling a (large) outstanding debt and at a price level higher than the market.

now if they can do the same thing when they REALLY put out the begging bowl I will be very impressed.

nevertheless the share price received a small uptick.

[backmarker] 26/7/2018 10:55

frustrating.

one can only speculate why the lack of news. have they hit a problem ? are they waiting to tie up a sales contract.

the work program was clearly outlined funded and there seemed confidence in an end-June date for completion. only a sales contract was outside their control. however gas prices in the US are low and trending lower so maybe this is the problem.

[backmarker] 26/7/2018 10:55

frustrating.

one can only speculate why the lack of news. have they hit a problem ? are they waiting to tie up a sales contract.

the work program was clearly outlined funded and there seemed confidence in an end-June date for completion. only a sales contract was outside their control. however gas prices in the US are low and trending lower so maybe this is the problem.

[backmarker] 19/7/2018 10:04

news overdue.

if the current "proof-of-concept" project has gone well then they will certainly be looking to raise capital for the next phase.

both of these may be denting the share price at the moment.

problem is, the longer this carries on the lower the sp, meaning the lower the price of the fundraising, and the more dilutive it becomes.

if the news is good it might be helpful to get it out first before setting the price of the fundraiser.