Exillon Energy Share Discussion Threads

[prefab] 30/5/2014 11:21

Well somebody is buying here. No doubt Schroders are still offloading however.

[prefab] 28/5/2014 10:39

3 New directors appointed, wonder if we'll see some director purchases. A little show of faith perhaps.

[prefab] 23/5/2014 16:33

I notice from the IMS that they've paid down $7.6m of debt since the last set of results (Debt repayments were due to start Mar 2014 with equal quarterly payments).

Debt as of 31/12 $100.1m
Debt as of 31/3 $92.5m.

Obviously using the reduced cappex to remove the debt and still increased the net cash position.

No oil exports either, all sold to the domestic market.


Still can't decide whether they are out to hump shareholders or not but I'm back in small.

[pro_s2009] 16/5/2014 06:22

IMS out



Current net cash as of today over 30m US$ and climbing nicely now.

[technocat] 28/3/2014 19:57

Somebody picked up 400k shares this morning.

Does anybody know if Sinclare have paid for the 43M shares sold to them by Gazprombank, they had until the 1st/2nd week in April to stump up the cash. If they have not (or don't) then I assume Gazprombank will have to (should) issue an RNS saying who now own the shares.

If we hear nothing presumably that means they have paid?

[pro_s2009] 28/3/2014 14:02

I am still in.

There are a number of ways for them to get rich quick here, trouble is the bears have had a field day and rightly or wrongly only putting out the worst case.

The new owners could of course simply hoover up all the stock via friends and still offer 377p for the last 10% or so.

The new owners could simply sell off bits and pieces and pay themselves (and the remaining few private shareholders) a special dividend once they have 90% or more stock in their hands (direct or indirect).

They could use EXI to get a London listing for RusOil ?

In simple terms they value the company at 377p in its present form and they think that is cheap (you would only buy if you saw considerable upside).

As it stands now there is not just a single outcome and its going to be a rip off to minority shareholders - its possible - but its not the only outcome as most of the bears keep shouting.

[loglorry1] 28/3/2014 11:23

Pro are you still bullish here then? Has your opinion changed?

[eric76] 28/3/2014 10:58

I was just being unnecessarily polite by the looks of it Pro. Good to see the recovery has held since the news though. The stock does appear to be stabilising back at the bottom of its preferred trading range. Would look for a gradual improvement as confidence returns now (presuming no nasties) and maybe look to trade out around the high 130's if all goes to plan (and ww3 doesn't start over the weekend of course).

[pro_s2009] 28/3/2014 01:51

Did you mistakenly put a "b" instead of a "w" in a word in the post above ?

It is surprising that, after recently wanting the whole board kicked out and getting rid of the lot of them (post Worldview), that now, after doing just that and hoofing the Dubai crew out and finally replacing them with real oil men who know Russia well - there is not more confidence in EXI now.

How many of the Dubai bankers (w) ever bothered filling their boots with stock at 100p or below back in 2012 ? Or were they just taking the nice salary and expense package and having a jolly good time...............

[eric76] 27/3/2014 10:08

Anther good day shaping up here today re the share price recovery imo. Market waking up to the possibility that having professional oilmen locked in at the high £3's running the co. may be a better bet than the bankers they kicked out?

[davidwilkin] 26/3/2014 11:59

Whats L2 showing John ? Do not have the luxury of it.

[johncraven] 26/3/2014 11:31

Looking very strong on level 2. Recovery on its way

[greyingsurfer] 25/3/2014 16:20

Can see why its confused the markets but hard to see it as really bad news longterm

It could prove OK longterm, but there is reason to see it as potentially very bad news for shareholders other than the two large ones. If they choose to wait a few months and play fast and loose with stockmarket rules they could easily take over the remaining shareholders for peanuts. Or leave those who don't sell with a shares listed only in Russia and little or no protection or liquidity. It may not turn out like that - but it's a definite possibility (maybe even a strong one) so it's no surprise the markets have reacted as they have.

Peter

[exbroker] 25/3/2014 14:47

Will the minority shareholders share in any value creation or will we be legged over? That is the reason the price is here, I wish I knew the answer.

[eric76] 25/3/2014 13:34

Is a strange situation here imo. If I read it right the underperforming board led by a ceo who was previously an investment banker have been ousted by 3 professional oilmen who's co. was persuaded to buy in at much higher prices so have every reason to make a success of the co and share price price here.
Can see why its confused the markets but hard to see it as really bad news longterm

[bulltradept] 24/3/2014 15:58

JC, No I'm sure he loves his mum very much, but it possibly won't fill Mr Market with confidence.

[johncraven] 24/3/2014 15:53

He has got plenty of experience but let just see. Not all Russians are bad.

[bulltradept] 24/3/2014 15:51

JC,

Think man another Russian on board!!

[nigelpm] 24/3/2014 15:28

If anything it makes the situation worse.

[loglorry1] 24/3/2014 15:27

Just another Russian director apointed by the two big holders e.g. from RusOil. Can't see how that helps the other 60% of share holders who have lost control.

[nigelpm] 24/3/2014 15:26

Yeah, I read the RNS - what's good about it?

He's russian.

[johncraven] 24/3/2014 15:26

RNS Number : 0344D
Exillon Energy Plc
24 March 2014
For Immediate Release
RNS Number:
Exillon Energy PLC
24 March 2014
Exillon Energy plc ("Exillon" or the "Company")
Confirmation of Appointment of Executive Director
Further to its announcement on 21 March 2014, 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 confirm the appointment of Pavel Chernienko as an executive director of the Company. The appointment took effect on 21 March 2014.
Pavel Chernienko is currently the CEO of ZAO RusOil a holding company of the RusOil group, a Russian independent exploration and production group, comprising several oil and gas properties in the East and West Siberian and Volga Urals hydrocarbon provinces. Mr Chernienko has broad capital raising and M&A transaction experience in oil and gas and real estate development industries. Prior to joining the RusOil group in 2012, Mr Chernienko headed the corporate finance division of Complex Investments JSC for more than five years and was responsible for fund raising for mid-size and large real estate development projects and M&A transaction execution. Mr Chernienko also has banking and FMCG experience. Mr Chernienko has a degree in Finance from Moscow State University of Economics, Statistics and Informatics. Mr Chernienko is 33 years old.
This announcement includes all information required pursuant to paragraph 9.6.13R of the Listing Rules of the UK Listing Authority in respect of this board appointment.
Exillon also confirms that the resignations announced on 21 March 2014 took effect on that date.

[nigelpm] 24/3/2014 15:16

Some good news atleast and he looks decent

Where's the good news?