Exillon Energy Share Discussion Threads

[technocat] 21/1/2014 17:08

The other big player (Sinclare) 'bought' their shares from Gazprombank) for payment by completion of 113 days from Dec 11th 2013. By my reconing they have to pay up by end April/beginning June. What happens if they default?

[salpara111] 21/1/2014 10:12

Well the big holder is now starting to place his men on the board....it will be interesting to see if the LSE does anything here if push comes to shove but given their inaction over the minority shareholders getting totally screwed over on ENRC I doubt it.
Neither of the two big holders can bid again for 6 months so I imagine a drifting share price over that time period as a result I have decided not to take a stake here as the risk is just getting higher.

[lanaken] 21/1/2014 08:42

log,

Who knows? That's the risk that you have identified and it may happen.

If you start from the position that Russia is totally corrupt then this risk is much higher than it would otherwise be.

I'm inclined to believe that the majority of benefits are from the longer term exploitation of the assets and any saving of a couple of hundred million dollars now is marginal against reputational cost. The Russians do operate in an increasingly global world. They might not like to acknowledge it but what goes around comes around.

That said I wouldn't want to be too heavily exposed here, just in case.

repo

[loglorry1] 21/1/2014 08:36

repo - what's your view on the two holders working in concert to screw the minority into selling rest for buttons? Or do you think they'll play it reasonably straight and bid more than they recently paid for their stake?

[lanaken] 21/1/2014 07:52

Well here's a clue

hxxp://www.investegate.co.uk/exillon-energy-plc--exi-/rns/appointment-of-directors--intention-to-appoint-cfo/201401210700101086Y/


Exillon (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce the appointment of Alexander Suchkov as an executive director and deputy CEO of the Company and of Sergey Koshelenko as a non-executive director of the Company.

These appointments took effect on 20 January 2014. Both the new directors were recommended to the Company's board by Seneal International Agency Ltd ("Seneal"), which acquired a 29.99% interest in the Company's share capital in December 2013. Seneal is ultimately controlled by Alexei Khotin, who is the ultimate beneficial owner of the RusOil group.

Two corporate finance types.

The noose tightens.

repo

[salpara111] 19/1/2014 19:58

Very difficult to work out what is going to happen here with the two large shareholders having blocking stakes.
Been watching for a while and will probably take a stake when it gets back to 150 which should happen in the next few weeks.

[nobell] 14/1/2014 11:32

I think there is a buying opportunity here now before another bid comes in.

[exbroker] 12/1/2014 15:15

We all seem to have lost sight of the fact that the two largest shareholders in this company are down over £2 per share each, that wont be allowed to continue for long, especially on borrowed money. I have a large position that I have held for a while so will hold on for the end game, which should happen this year.If the company increases the reserves by a decent amount then it would give any bidder a reason to pay a decent premium to the current price.

[mach100] 10/1/2014 20:01

Has this fallen far enough? Kent's was 485p after rejecting a 500p takeover bid that undervalued it. Now it is 670pish. Nothing to say a bidder won't be back later but even if not, this may have fallen below fair value.

[falklands] 10/1/2014 11:45

Dear me pro your stuck in this still ?

Still not as bad as trap Sqz europa or fogl .......... Though

[prefab] 10/1/2014 07:19

As expected production up by 2000bpd by Dec.

Oct Nov Dec
----------------------------- ------ ------ ------
Exillon WS Avg. Production
(bbl/day) 12,827 13,894 14,804
----------------------------- ------ ------ ------
Exillon TP Avg. Production
(bbl/day) 3,841 3,758 3,927
----------------------------- ------ ------ ------
Avg. Production(1) (bbl/day) 16,668 17,652 18,731
----------------------------- ------ ------ ------
Peak Production(2) (bbl/day) 17,187 19,163 19,121

[alamaison] 09/1/2014 19:02

HEY! DON'T GO AWAY WHEN I AM TALKING TO YOU.
HAS YOUR MAM EVER TOLD THAT IT'S RUDE.

How many different shares do you hold Prefab, two?
Whoaaa!!!
One suggestion: Don't put all your saving in the same basket you might go bankrupt.
Look at my score mate. Winners after winners.
SMDR, FAST, TRIN, AEX, ABM and the rest.

Ok, now I've got it! You are a friend of Captain Haddock, Orient and all these losers.

Please go back where you coming from, muppet.

[prefab] 09/1/2014 10:05

Should get a production update soon here, in October the management stated they fully expected 19k bpd to be met or exceeded by end of 2013. We'll see.

[johncraven] 31/12/2013 22:09

This looks like its going to rocket

[flyingbull] 31/12/2013 17:18

The challenge is still on! The proof is in the pudding!! ;-)
Please enter before the oil competition deadline of midnight on Wed, 1 January, 2014.

Wish you All the Best for 2014!!!
fb

[horndean eagle] 20/12/2013 09:34

EXI behaving a bit more like I thought it would post Russian stitch up. An undisturbed share price and trading in line with the rest of the sector you could argue it should be trading nearer 100p. Hedge funds weren't interested in the slightest as the takeover battle grew and given we are now effectively minority shareholders I don't they will bother coming back. 12 months on and an offer of 180p likely to be more than sufficient to persuade holders to accept I think.

[salpara111] 20/12/2013 09:23

You guys are beginning to sound exactly like the GKP guys.........2 years ago....."I want more than £4 for my shares"...... 2 years later the share price is well below £2.
If you did not take a great opportunity to sell a month ago, prepare for a long wait!

[abcd1234] 20/12/2013 08:47

that turned out to be prophetic !

[pro_s2009] 20/12/2013 07:33

ADC4, O&G stocks are in the dog house and will remain so in 2014. I am expecting 2014/15 to be years of consolidation - which is why I am only into O&G stocks that have a chance of being bought out and have production so they do not need to raise money (TRAP, GKP, EXI).

The market is presently squeezing all exploration companies and those with zero production - they will squeeze them down until its becomes impossible to raise money at a decent price and then those companies will get snapped up in consolidation.

Exploration companies/Companies with zero production/Companies who do have the ability to make profit or at least break even from production are not on my radar at all.

2014 should continue to be a bad year for oil companies with no profit/production but we should see the start of the "value" companies being bought out - those with cash and with production where the 1P/2P reserves are "cheap".

EXI fits that bill - 2P reserves of 520m barrels and with no net debt and producing 20,000 bopd.

A takeover will happen, just got to be patient.

For now its the Xmas period so no further excitement until January kicks in methinks.

[adc4] 20/12/2013 07:25

Oh well it was all just a lovely Xmas dream ! Back to the bottom draw to join their other O&G chums ! Better luck in 2014 ?

[pro_s2009] 20/12/2013 02:22

Useless - do you honestly believe I have not been trading LRL :)

[alexkb] 20/12/2013 02:09

having read about this shares recent history on here, and looked at the financials its easy to see why a value of £4+ was being expected given the production and profit etc. as people have said i can see this T/O being delayed, for over 12 months, but at anything like £1.50 it looks good value imho. certainly its already below tangible nav + still making a profit. im done catching knives for the year though...