Pensana Share Discussion Threads

[bongo bwana] 16/2/2011 08:47

Better than desert goat shaggers then eh Arab????

[arab3] 15/2/2011 21:04

teeling and horgan
pair of horse rustlers

[bionicdog] 15/2/2011 20:37

No no no , you've had a grammatical misunderstanding.
I'm just .... oh never mind , guilty as charged.

[maxk] 11/2/2011 23:59

John Teeling, Chairman, commented:



"Patience is a virtue"



LOL !

[mexical] 11/2/2011 09:20

Yes but where do ex PRE holders feature?

[share_shark] 10/2/2011 22:59

For any long term holders who are not completely au fait with the situation,this article, may assist you.

Following the completion of documentation and the subsequent raising of finance the Persian Gold suspension on AIM has been lifted



� A fundraising of �2.7m at 6p a share has been finalised



� Following court and shareholder approvals, Persian Gold will acquire Hydrocarbon Exploration plc ("HyEx") for �4.56m in an all-share deal on the basis of 2,800 new Persian Gold ordinary shares for every one HyEx share. This is expected to be completed in early April



� The Company proposes to change its name to 'Clontarf Energy'. The enlarged group is expected to have a market cap of approximately �12m



� Since the Acquisition was announced, HyEx has won two exploration blocks in Peru and there has been a significant gas discovery on HyEx ground in El Dorado, Bolivia



� Clontarf Energy will be an oil and gas focused venture with operations in Bolivia, Peru and Ghana



� The existing gold / copper activities in Iran are also being retained



� Shore Capital appointed as Nomad and Joint Broker to the Company; Optiva Securities to act as Joint Broker to the Company



John Teeling, Chairman, commented:



"Patience is a virtue, which I hope will be rewarded. The new Persian Gold, when it is renamed Clontarf Energy, will be an aggressive oil and gas explorer in some of the most attractive energy areas in the world. The revitalised company will have 60% of the Tano 2A block in Ghana, close to the massive Tullow / Kosmos discoveries. HyEx has recently been awarded two exploration blocks in Peru, 183 and 188, both of which are close to producers. Each block has a history of exploration. In Bolivia, there has been a further discovery on what will be our 10% owned El Dorado gas discovery. Production has already begun from existing wells on the licence.



We are not ignoring the other activities in the portfolio. We continue to monitor and press our case for discovery certificates in Iran; while in the US negotiations are ongoing to resolve the dispute of certain assets. Neither of these are material to the future.



Completing legal, financial and technical due diligence in three continents, combined with holiday periods extended the time to completion, but we are there now. A weighty prospectus will be dispatched to all shareholders and following shareholder and court approvals, the deal will be finalised.



Delay is always frustrating, but the new Peruvian blocks and Bolivian gas discoveries are excellent compensation."

[mexical] 10/2/2011 10:14

Póg Mo Thón, ...

[bongo bwana] 09/2/2011 15:51

Níl me ro cinte ach is feider liom go bhfuil JT buachaill ana dana ar fád.

Ceapaigh me mar sin agus ta me ag rince suas an speir mar ta a lan airghead isteach mo phoca anois.

[mexical] 09/2/2011 15:28

I got a missive in the post today from Ireland.Persian Gold/Hydrocarbon- I doubt if I would have been less the wiser if it had been written in Gaelic

wtf is this about>?

[share_shark] 30/1/2011 19:47

APSOO. Look at this for help next week.



Clontarf Energy
Profile
Clontarf Energy is a Dublin based exploration and production company with producing assets in the Gulf of Mexico & Bolivia. Clontarf energy also hold's high potential oil and gas exploration blocks in Peru and Ghana.

Head Office:
Clontarf Energy
162, Clontarf Road
Dublin 3
Ireland

Tel: + 353 1 8332833
Fax: + 353 1 8333505
Email: [e-mail]

[apsoo] 30/1/2011 18:29

fuming fred & share shark, thanks for the update. Appreciated.

[fuming fred] 30/1/2011 14:10

APSOO,

Thinking about it our investments may well be better rewarded here!


or even here!

[share_shark] 30/1/2011 14:06

APSO Ring John Teeling immediately......like asap.

He will kindly explain all to you.

[fuming fred] 30/1/2011 14:05

Hi APSOO,

The hydrocarbon to new listing Clontarf energy has been delayed as far as i know. We thought it was for listing last thursday but it never happened.

i`m no expert but this thread looks the place to be.

[fuming fred] 30/1/2011 14:05

Hi APSOO,

The hydrocarbon to new listing Clontarf energy has been delayed as far as i know. We though it was for listing last thursday but it never happened.

i`m no expert but this thread looks the place to be.

[apsoo] 30/1/2011 13:36

Can someone kindly tell me what's happened to Hydrocarbon, my shares are still sitting in the nominee account, i was under the impression Hydro was to be merged and concluded by Oct10 ? Any views appreciated.

[share_shark] 14/1/2011 06:19

Ho,ho,ho. He he he.





Teeling mines seam of success


HE'S ONLY one year off the bus pass but Clontarf-based entrepreneur John Teeling is showing no signs of slowing down.

His latest resource company, Botswana Diamonds, is due to list on the AIM junior stock market in London on January 31st.

It's a spin off from African Diamonds, which Teeling floated in 2003, and has taken exploration licences in Botswana previously held by that company.

It is also pursuing opportunities in Zimbabwe and Cameroon, which should prove interesting.

It is due to float at 7p a share, which will give it a market value of about £7 million.

It is funded for its exploration work this year with $2 million in cash.

After a few false starts, production at the AK6 mine that African Diamonds (now owned by Lucara) promoted will begin later this year.

As part of the spin out from African Diamonds, its shareholders will receive stock in Botswana on a one-to-one basis.

"It's the first of the year . . . there'll be others down the road," Teeling told me this week.

He is also hatching plans to list Clontarf Energy, an oil and gas exploration and production company.

Clontarf has taken on some of the assets of Pan Andean Resources, which Teeling previously ran before its sale last year. This includes production assets in the Gulf of Mexico and in Bolivia, while it also has some new exploration blocks in Peru.

If that isn't enough, Teeling is eyeing a listing for gold exploration company Swala in Toronto.

Swala has interests in Burkina Faso in west Africa.

Teeling is also progressing its lead and zinc interests in Connemara Mining. The company plans to look at ground close to the Lisheen mine in Co Tipperary in addition to its existing licences in Limerick.

The entrepreneur has no plans of slowing down. "Far from it," he said, "although I might be doing things slower. I have more opportunities open to me now than I had 10 years ago."

"Anybody who is not based in Ireland at the moment is doing well and the resources sector is very strong. It's a good time to be in the sector."

[bongo bwana] 28/12/2010 11:21

Thanks for that SS

[share_shark] 28/12/2010 09:28

Company Q&A: Teeling ends 2010 on high, but is braced for an even busier year
Monday, December 27, 2010 by Jamie Ashcroft
Connemara's Stonepark project "might just be a sweet spot in what's turning out to be a massive zinc discovery", Teeling says.

A serial entrepreneur whose business interests span diamonds, gold and oil, John Teeling is probably best known in his native Ireland as the founder of the Cooley Whiskey Distillery.

However on London's junior market he is widely renowned for his excellent track record as a company builder in the natural resources exploration sector.

He has been involved in more than ten AIM start-ups, which have generally gone on to realise significant returns for investors.

It has been a busy year for Teeling as three of his companies - Pan Andean Resources, West African Diamonds and African Diamonds – have been sold or merged.

He is still actively involved with Petrel Resources (LON:PET) and Connemara Diamonds (LON:CON) as well as three soon-to-be-listed exploration companies - Botswana Diamonds, Clontarf Energy and Swala Resources.

So, 2011 promises to be as frenetic as the 12 months just gone. Here in his own words are Teeling's highlights and thoughts on the year to come.

Proactive Investors: John, sum up 2010 for us.

Teeling: It was a year of significant change for our group. Pan Andean was sold for cash to Petrolminerales of Canada, West African Diamonds was taken over by Stellar Diamonds in a reverse, while in December African Diamonds was acquired by Lucara of Canada. Phoenix-like, two new companies are emerging from the deals: Botswana Diamonds and Clontarf Energy, both listing on AIM in early 2011.

Proactive: Which of your companies has progressed the most over the last year?

Teeling: African Diamonds made the best progress in 2010. The AK6 diamond discovery in Botswana is being developed and will come on stream in the fourth quarter of 2011. We are very proud of the fact that we participated in the discovery of a world class diamond mine.

Proactive: In your opinion what was the standout project or event?

Teeling: From an exploration viewpoint, it was the discovery by Connemara and Teck of high grade zinc ore at Stonepark North in Limerick. This just might be the sweet spot in what is turning out to be a massive zinc discovery. The discovery is shared between Connemara, Teck and Minco/Xstrata.

Proactive: What were the big external themes and influences on your businesses in 2010?

Teeling: Rising commodity prices, fuelled by demand from the BRICs were the principal influences. Gold at $1,400, oil at $90, zinc at $2,300 and all-time high diamond prices are powerful motivators for junior exploration companies.

Proactive: What are you looking forward to most in 2011?

Teeling: Next year will be frantic for our group. Botswana Diamond's listing on AIM in January has late stage projects in Botswana and hopes to acquire ground in Marange, Zimbabwe. Marange has the potential to become the largest diamond field in the world. Diamond values are low, $20-$40 a carat, but grades are up to 100 times richer than existing mines. We are also chasing ground in a new find in the Cameroon. It will be an exciting journey for shareholders.

Matching the potential of Botswana Diamonds is that of Clontarf Energy, listing in February. Clontarf has a high potential portfolio of oil and gas exploration ventures in Ghana, Peru and Bolivia. We should also have gas production from the Gulf of Mexico and Bolivia. Clontarf Energy is the result of a merger of our own AIM listed Persian Gold and the invested assets spun off to the existing shareholders from the sale of Pan Andean. Since the deal was announced, two new blocks have been acquired in Peru.

Proactive: What are your ambitions and targets for 2011?

Teeling: Exploration is very uncertain, so targets are written in marshmallow, not stone, but we do have targets. For Petrel we hope to see confirmation of our title to Block Six in the western desert. I suspect that some other projects will be added to the portfolio