Messaging International Share Discussion Threads

[tomboyb] 14/2/2012 16:10

Well u can sell well over 500k - Hav'nt seen that sell limit before in some time -

[tomboyb] 14/2/2012 09:58

Mes - one of those that has completely missed the early rally this year - but there should be news on the cap reduction soon - that would give 154 mill shares in issue - effectively just over a 1 mill cap -

[mcbeanburger] 12/2/2012 12:28

Local Elders Upset Over Puntland Oil Drilling Africa Oil's Project Drawing Mixed Reaction

lack of communication or lack of cash handouts??? hmmm

[mcbeanburger] 12/2/2012 12:28

Local Elders Upset Over Puntland Oil Drilling Africa Oil's Project Drawing Mixed Reaction

lack of communication or lack of cash handouts??? hmmm

[mcbeanburger] 11/2/2012 01:46

have to admit this isn't the scope of the financing i was expecting....

Marauder Resources East Coast Inc. Announces Non-Brokered Private Placement


CALGARY, ALBERTA--(Marketwire - Feb. 10, 2012) - Marauder Resources East Coast Inc. (the "Company") (TSX VENTURE:MES) is pleased to announce a non-brokered private placement (the "Offering") of up to 2,000,000 units ("Units") of the Company at a price of $0.20 per Unit, each Unit consisting of one common share ("Common Share") in the capital of the Company and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.25 for a period of 36 months from the date of the closing of the Offering. A finder's fee may be paid to certain finders under the Offering, consisting of a cash payment equal to 5% of the gross proceeds from the sale of Units placed by such finder and the issuance of such number of Warrants as is equal to 5% of the Units placed by such finder.
Closing of the Offering is expected to occur on or about February 14, 2012, and is subject to customary conditions and regulatory approvals, including the approval of the TSX Venture Exchange.
The net proceeds from the sale of the Units will be used for general and corporate purposes. The Common Shares and Warrants issued pursuant to the Offering will be subject to a four-month hold period from the date of issuance.
This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, anticipations, expectations, opinions, forecasts, projections, guidance or other similar statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses and health, safety and environmental risks), commodity price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Read more:

[mostyn] 09/2/2012 17:47

Approximately 1 week to go to the share buyback, assuming they get approval from the court for the cancellation of the share premium account. As this would be a material event and would therefore need an RNS, I assume they haven't had the court hearing/approval yet.

[mcbeanburger] 02/2/2012 19:59

now william hague is in somalia - true love if there ever was a case of it.

[mcbeanburger] 30/1/2012 19:26

btw if you didn't notice above PM will be in london on the 23rd Feb. hmmmm maybe.

another link talking head Joyner bigs up Afrian oil

Joyner Sees Huge Investment Appetite in Africa Oil

[mcbeanburger] 30/1/2012 18:36

UK trade mission piece from mareeg.com

"More must be done to tackle the underlying causes of instability in Somalia if years of devastating decline are to be reversed, Andrew Mitchell warned, following a visit to two separate parts of the country: Gedo and Puntland."

gee i wonder what that will mean for somalia?

"Britain will supply a further £55m in humanitarian aid in 2012"

wow that is alot of wonga so me thinks they want a slice asap!


MAIN NEWS

somalia:UK International Development Secretary Andrew Mitchel announced a new aid package for Somalia

[mcbeanburger] 25/1/2012 08:25

if there's going to be any negitive drilling news out of Puntland its going to come from Galgala.



somehow doubt this is going to amount to much.

[mcbeanburger] 24/1/2012 12:53

share rise: hope so... but don't have a working crystal ball.

market cap: agreed really depends on the mark veiw of this... certainly if HRN hit then mes value will move accordingly.

funding: via equity... doubt there is another way.

held back: yup that's down side of easy money... but if HRN hit then its a game changer and my guess is now HRN will hit something...

[llaird] 24/1/2012 12:05

could be getting set for funding as you say Mcbean

you think it will be released and rise to 40-50cents once deal is announced?

its worth much much more when you look at the market caps of other puntland vehicles and what this deal will give MES

a £20m m/cap is less than half of what it should be on the merits of the deal thats been talked about

just not sure how this is being funded and therefore how it will affect the share price in terms of rising to where it should be.

we saw how Range soared on the back of draw downs last feb but also saw it held back due to placings

[mcbeanburger] 22/1/2012 21:25

K Hill on BBC

[mcbeanburger] 21/1/2012 23:46

good interview of range ceo if you haven't seen it elsewhere.

mes price action - loads of anon selling the offer but not further then .22 cents. is that going to be the financing price point? probably as i've seen all all before.

keep buying kids anon but might be selling it down but that doesn't mean its at the right market price. .40-50 cents is about the right market cap. (but i would say that won't i!) ;-)

[mcbeanburger] 20/1/2012 11:21

here's a good summary post for Eagle-Eye on pakpassion.net (yes i've never heard of it either).

=================

Edit - In texas, "which will be around $15 million barrels proven reserves." should be "which will be around 15 million barrels proven reserves."

Puntland - Ok little history first, Back in the 80s and early 90s, conoco philips, one of the US majors did some drilling, they did find oil and infact it was a blowout, so they had to cap it without reaching TD. This was at the edge of the field. Then civil war happened and they all ran away never to return. 15 years later, Range come in and do a deal with puntland but being a little tiddler, they had to bring on someone very experienced as JV partner. They brought in Canmex, who are part of the Lundin group. Then ruffling about who owns these rights, Gov in Mogadishu or the local Gov so Canmex started being targeted. Canmex then decide to change name and become Africal Oil and Lucas Lundin goes into the shadows. Suffice to say they are all people with very impressive CVs. Then for political and mostly security reasons, the drilling never happened.

Moving forward to 2010/2011, everyone starts to take positions as drilling starts to become a reality again. Range CEO decided it would be good to reduce their exposure and asked one of his mates and his tiddler company Red Emperor to come and join the partnership. He also gave them 20% of Georgia to further sweeten the deal. I will explain the reason for this shortly. In the meantime Africa Oil created a new vehicle called Horn Petroleum which would have 60% of the 2 blocks. But as they had missed deadlines for drilling in June 2011, they had to relinquish area from these blocks.

As it currently stands, Horn has 60%, Range 20% and Red Emperor 20%.

The two well campaign which is rumoured to begin on Monday, the first well is targeting over a billion barrels of oil. This is the same place Conoco Philips drilled and found oil all those years ago, but they were at the edge of the field whereas this well is right in the middle of the sweet spot! Nothing is ever guaranteed in life but it is highly likely they will find oil. Current estimate is that there could > 8 billions of barrels of oil onshore. The offshore is thought to have lot lot more. Some say up to 60 billion in place.

For offshore, Range has been in talks with another tiddler Marauder Resources from canada. The deal that is talked about is that Marauder will have 80% and Range 20% but crucially Range will be free carried through the siesmic stage. Also, the relinquished area, Range will have 66% and Marauder 34%. Most likely, RMP will be invited to join the party too and maybe even HORN. This deal is most likely to be be announced once the first well is drilled. You may ask why all these tiddlers and not the biggies, well firstly because its in unstable region but more crucially, all the great and good in Puntland are given large stakes in these small companies. They themselves will not drill and will be free carried when they bring in larger partners so they will be rolling in money (if successful) without actually spending much.

Range and Red Emperor

Basically Red Emperor has been set up to provide leverage to Georgia and especially Puntland for all those who put hands in their pockets and helped Range survive some really dark days when puntland looked like it was a no go and they had no other assets. The largest shareholders in both companies are the same and Red Emperor recently moved into Range offices in Perth. If Georgia and Puntland come good then RMP will be the one that will go really bezerk overnight as the mcap and shares in issues is almost 8 times less than Range. Most people who have shares in Range, have shares in RMP too. But remember the reverse is true as well if there is a failure.

The risks

Deadlines are rarely met. Infact, it would be safe to add 50% to the timeline given by the company.

Georgia - The hype suggested commercial hit was a mere formality on a wild cat drill. Then when the first well was drilled, the reality dawned with hitting the unexpected granite layer! The siesmics may well have been wrong and could well be true for the entire Georgia block!

Trinidad - More of a case of over promising with unrealistic timeline.

Puntland - Its a wild cat drill. Also, if they find oil, the Somalis might fighting each other about who owns the oil.

The CEO keeps adding projects to the portfolio without ever bringing to fruition the ones on hand.

[mcbeanburger] 18/1/2012 12:41

good article from stockhouse AOI board

[mcbeanburger] 16/1/2012 21:19

nice ending on mes today. that changed the rating now 100% buy.

[mcbeanburger] 16/1/2012 18:27

96% buy rating. nice.

[mcbeanburger] 16/1/2012 18:16

MARAUDER RESOURCES shares
MARAUDER RES. EAST INC COST. REGISTERED SHARES ON
ISIN: CA5658971059 | WKN: A0B78N | Symbol: EKJ | Country: Canada

MES is now on the Frankfurt exchange.

[mcbeanburger] 13/1/2012 19:09

daily chart update..... its done with retracement... as is HRN and RRL. spuding news coming as is marauders financing news... hopefully spudding is first.

[mcbeanburger] 10/1/2012 20:20

here what i wrote on stockhouse that thought was interesting given all the GKP hype that is going around the oil patch.

GKP.L -> the model company example for MES

This isn't a pump for Gold Key but instead an example company that mes COULD turn out to be within the next 2 to 3 years.
GKP claim to fame and nice rise in share price is Kurdistan. They went in when most thought it risky, now Kurdistan is considered safe. They hit two pockets of oil and share price is now 40 times what it was when they started.
Weekly chart below:

Corporate vid gives you the background and it appears the GKP have a less oil potential then mes.

Where is mes the same with GKP?
1. Oil potential in Somalia is a given and its elephant territory - similar to Kurdistan was several years ago.
2. Puntland is considered risky area like Kurdistan was in 2009. That could change if the Puntland government can maintain control. Puntland could reverse that held view of high risk.
3. Control of the oil. Several years ago it was considered unlikely that Kurdistan would be allowed to control its own resources. They threaten to go to war if it was taken away and the central Iraqi government backed down. The deal with the Puntland government is with the largest tribe in Puntland. They will maintain control of the oil and the deal. If anyone that wants to take it away will have to go war to get it, unlikely there is anyone that could do that.
Gulf Key went from .0455 to 2.66 over a little under three years. It's a nice story that is what I think and hope MES will do.

[mcbeanburger] 10/1/2012 20:19

i talked to shields a couple of weeks ago. trading of mes hasn't exactly light the sky on fire so i would assume there is some work to be done still.

[llaird] 10/1/2012 15:33

fair point re Landau Mcbean, still i think his 2 weeks may end up being 6 weeks

you spoken to Shields recently, or via email (ref being caggy on funding)?

cheers

Llaird

[mcbeanburger] 10/1/2012 15:08

I don't think Landau is that good at predictions, so I wouldn't use his comments as a trading input. ;-))

shields is caggy on this subject so i'm not sure all ducks have been lined up yet. maybe they have been and you will be right. time will tell.

agree if they can shout at the same time as Range etc then the message will be heard by more. hopefully it will happen that way.

my guess is thought that off shore is second to getting onshored sorted first.