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MRP Meridian Pet. (See LSE:PPC)

55.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Meridian Pet. (See LSE:PPC) LSE:MRP London Ordinary Share GB00B3DDP128 ORD 30P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 55.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Meridian Petroleum Share Discussion Threads

Showing 53701 to 53722 of 53800 messages
Chat Pages: 2152  2151  2150  2149  2148  2147  2146  2145  2144  2143  2142  2141  Older
DateSubjectAuthorDiscuss
30/11/2009
16:17
can't say i'm sad to see the back of this share.

looking forward to the new regime ....

dougstewart
30/11/2009
16:16
Do you think we could put a bid in for BP or Shell?

I don't really understand the oil business...;-)

bloodhound
30/11/2009
16:06
"....When Meridian Petroleum announced the initial share placing and open offer, it also stated that it would be on the prowl for additional assets."
aim_trader
30/11/2009
16:02
Timescales say announcement of the eGM results before 4.30pm

tick tock

pingu08
30/11/2009
15:40
Good to hear LS, would assume there will be a few more of the gang signing up after the commencement of trading in ppc
pingu08
30/11/2009
15:27
Meridian Petroleum closes fundraising ahead of strategy shake-up


30 November 2009

Meridian Petroleum has closed a £6.9 million fundraising which is being used to re-launch the company under a new strategy and new name, President Petroleum Company plc.

The majority of the new cash – £5.6 million – is coming from Levine Capital Management, the investment fund run by Peter Levine, the founder and former chairman of Imperial Energy Corp. The balance is coming from an open offer for shares with Meridian's existing shareholders.

In addition, Macquarie Bank is standing by its existing US$50 million debt facility – US$35 million of which is earmarked for acquisitions.

Meridian has producing assets in the US and exploration licences in Australia, but is planning a strategy shake-up in order to boost its reserves and resources. The company is aiming to become a mid-cap exploration and production company by acquiring critical mass and a strategic presence in key areas of interest, including Asia, Africa and Europe.

Stephen Gutteridge, Meridian's chairman, said: "We are delighted with the response to our capital raising from institutional investors and particularly from our large base of private investors."

flyingswan
30/11/2009
15:25
I doubled up so soon as I read the helpful note posted here, that the resolutions had been carried. My brokers managed to buy within the spread. I will drip feed more into it, as the market's tactics for December become clearer.

I am sure MJ will be watching. I know one other with historic professional association with PL, who intends to as well. He asked me to email when it was all sorted out. I have done.

leedskier
30/11/2009
15:22
new epic so does that mean new chart
new company
new management
new goal
no past
new future

metastock2
30/11/2009
15:18
ls, have you dipped your toe in further yet & will madjock be joining in soon?
pingu08
30/11/2009
15:07
pingu, trying to help to educate those who have been wandering lost in desert for 40 years, is well beyond even your considerable skills...none so blind as those who do not want to see..;)
leedskier
30/11/2009
15:05
Looks like we have a sore loser
coco
30/11/2009
15:00
VICTORFROMPORTUGAL - 30 Nov'09 - 14:47 - 16600 of 16601

pingu08 - 30 Nov'09 - 14:44 - 16599 of 16599 (Filtered)

I now know how Dennis Healey must have felt in that infamous savaging lol!

Vive el presidente

looking forward to hearing about our first deals once the formalities are completed

pingu08
30/11/2009
14:47
pingu08 - 30 Nov'09 - 14:44 - 16599 of 16599 (Filtered)
victorfromportugal
30/11/2009
14:44
well it would have a big impact on the share price if there were nigh on 10m unwanted shares sloshing round as implied by enq!
pingu08
30/11/2009
14:38
pi's could only participate in the 'open offer' the rest already had homes allocated
pingu08
30/11/2009
14:37
enq, I think you need to go back to school and learn some basic arithmetic.
bungeetrader
30/11/2009
14:36
Cutting and pasting the rns is the easiest and most accurate way to explain just how skewed your maths are enq
pingu08
30/11/2009
14:35
PINGU. Its as follows

The Placing


The Company has conditionally placed 22.25 million new ordinary shares (the
"Placing Shares") at 25 pence per share (the "Placing Price") to raise GBP5.6
million (approximately US$8.9 million) before expenses. Levine Capital
Management, the BVI registered, private investment fund of Peter Levine, founder
and former Chairman of Imperial Energy Corporation PLC, the Russia-focused oil
exploration and production company which was acquired by the Indian state-owned
energy firm, Oil and Natural Gas Corporation Limited, for US$2 billion in
January 2009, will subscribe for approximately 13.6 million of the Placing
Shares, which will represent 29.99 per cent. of the Enlarged Share Capital, and
will be subject to a lock-in agreement.

william-just
30/11/2009
14:33
Pingu08

copying & pasting a portion of the RNS does not change the mathematics of the issue.

The fact remains that only 35% of the maximum excess allocation was applied for & of this 35% only 6% was filled.

Regards, enq.

enq
30/11/2009
14:27
I cannot believe that most Brits here will now be thinking, dreaming, wishing for A PRESIDENT's success!!!

Mrs Queeny and her hubby Phil can start to worry!!!

victorfromportugal
30/11/2009
14:26
VICTORFROMPORTUGAL - 30 Nov'09 - 14:25 - 16590 of 16590

Earlier post says PPC

all in eol
30/11/2009
14:25
What's the code for President? cheers
victorfromportugal
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