Global Brands Share Discussion Threads

[still waiting] 13/1/2014 13:15

Bruce Vandenberg, commented: "The Board is working hard to minimise costs while it continues to explore investment opportunities in line with its strategy. We believe we are making progress and hope to make further announcements within the next few months."

[ryan83] 13/1/2014 13:01

does that cover South Wales?

[ryan83] 13/1/2014 12:33

yes will be interesting to see the developments here!

[still waiting] 13/1/2014 12:28

not much free stock around now.

[godolphin] 13/1/2014 12:19

Yes Ryan - these things always take longer. But with old timer Moritz and Meyer (gasol) around I reckon they'll get the finance, expecially with todays news. Could be Total cast their eyes over these assets and decided to let the players sort themselves out first.

[still waiting] 13/1/2014 12:16

GBR would make a nice shell target for any fracking company imho.

[ryan83] 13/1/2014 12:14

3 months ago, update due??

[ryan83] 13/1/2014 12:13

the date of that article seems to coincide with this statement 25 Sept


"Bruce Vandenberg, commented: "The Board is working hard to minimise costs while it continues to explore investment opportunities in line with its strategy. We believe we are making progress and hope to make further announcements within the next few months"

[ryan83] 13/1/2014 12:11

cheers godolphin - was just reading about the deal now!

What value was attached to the original deal?

[still waiting] 13/1/2014 12:09

I was thinking that when I originally came across all these..

with TOTAL now in the market it puts a whole new light on the UK assets..

[godolphin] 13/1/2014 12:07

Remember that Eden are still trying to sell their assets to Shale Energy. The original deal fell through but they are trying again. I notice that Brian Moritz joined the board of Shale Energy who still need to raise some cash to complete the transaction. Also note that Cornelia Judith Meyer is there to.
Maybe a reverse into gbr would consolidate the assets?

[ryan83] 13/1/2014 12:04

should also be noted that the BOD own over 45% of the shares.

G Willaims - 29.5%
Noble Rock - 15.3% (Bruce Vandenburg holding company)
Fiona Kinghorn - 1%
John Killer - 0.6%

The other holders over 3% are nominee accounts so would be a several minor holders.

[tomboyb] 13/1/2014 12:00

Top story in the Guardian today -

[ryan83] 13/1/2014 11:56

yep, they sure do!

[still waiting] 13/1/2014 11:56

either way GBR has significant exposure to UK shale assets...

[ryan83] 13/1/2014 11:30

SW - I think its more of GBR using the GEF acquisition to position themselves in the PEDLS ahead of majors taking their stakes in the PEDLS as partners. Not necessarily the majors approaching GBR directly.

[still waiting] 13/1/2014 11:23

once majors start looking for pedl licences they will come across GBR imho.

[ryan83] 13/1/2014 11:22

and Market cap of £500k......

[ryan83] 13/1/2014 11:21

oh and of the 17 PEDLS


"In aggregate, these PEDLs cover a combined area of 430 Km2, or more than
20% of the South Wales coal bearing basin"

[ryan83] 13/1/2014 11:19

so

670 PJ = 670m GJ = erm $670m at $1, or $335m at $0.5

Eden = 50%
Coastal Oil & Gas = 50%

Of Coastal, Methane UK have a %, of which GBR have a %.

Lets assume, GBR have 10% of UK Methane, who have 10% of Coastal.

Therefore

PEDL 100 = $335m lower case

Eden = 50% = $167.5m
Coastal = 50% = $167.5m

of which Coastal is split

Coastal O&G = 90% = $150.75m
UK Methane = 10% = $16.75m

of which UK Methane is split
UKM = 90% = $15m
GBR = 10% = $1.675m

For one PEDL. They have 17 in total........

[ryan83] 13/1/2014 11:10

this is one of the PEDL,s - PEDL 100

Goes on to talk about the 17 licences.


"Independent report estimates prospective recoverable coal seam
methane (CSM) resources of between 380 PJ and 670 PJ
(approximately 380Bcf to 670 Bcf in volumetric terms) in PEDL
100, with potential additional upside. This is based on initial
drilling result from three exploration wells and existing coal
borehole data"


"Recent CSM dealings in Queensland value expected CSM reserves (usually
quoted as P3 reserves) at between $0.50- $1 /GJ, with 2P and 1P Reserves
being valued far higher. (Note: 1PJ = 1,000,000 GJ)"

"As previously announced, Eden and its CSM partners Coastal Oil and Gas
and UK Methane Ltd were recently awarded 17 additional licences covering
approximately 1400 Km2. This gives Eden a 50% interest in a more than
1800 Km2 of licence areas containing CSM, conventional and unconventional
gas targets. These new blocks are shown in red in Figure 2"

Love it when a JV company put all the figs together!

Bear in mind this is 2008 data........

[still waiting] 13/1/2014 10:58

more shale coverage