Path Investments Share Discussion Threads

[currypasty] 11/9/2018 14:20

EXPECTED ADMISSION DATE: Mid-September 2018

[currypasty] 28/8/2018 16:31

28 August 2018

Path Investments plc

('Path' or 'the Company')

Result of AGM

Path Investments plc (TIDM: PATH) announces that at the Company's Annual General Meeting ("AGM") held earlier today all resolutions were duly passed

[currypasty] 15/8/2018 08:27

from last rns

"EXPECTED ADMISSION DATE:
-------------------------------------------------------------------

Late August 2018 "



anyone heard anything about cash raise?

[fatfish] 01/8/2018 20:04

yeah right and you think it will happen, I was dreaming when it relisted and stupidly bought more hoping for a turn around and now we have been suspended for how long.
I guarantee we will be diluted to the moon and back like last time at some point in the future. here's hoping I am totally wrong.

[moneytree1] 01/8/2018 18:27

me too 4p short term. gla

[sleveen] 01/8/2018 16:50

I'd be happy with 10p early next year.

[the_curmudgeon] 01/8/2018 16:29

:-) I'm looking for 4-6p short/medium term and 10p early next year if more deals come through or if Germany results improve further.

[currypasty] 01/8/2018 11:31

Ive put the long term chart in in anticipation...lol

I averaged down in the re-list placing a couple of years ago at 1p

I would hope that after tying money up here for years, it comes back higher than that

[the_curmudgeon] 01/8/2018 11:20

what price are people hoping for upon relisting (short to medium term)?

[fatfish] 01/8/2018 09:25

not much chance of that

[tagsumo] 01/8/2018 08:39

Yes that will be interesting.
a shade over £2 would be nice!! that would almost make me break even ! ;)

[currypasty] 01/8/2018 08:07

were waiting for a statement from the company..especially what price the placing

[moneytree1] 01/8/2018 07:38

not one post?

[purple11] 30/7/2018 23:24

It said it plans to commence dividend payments

[purple11] 30/7/2018 23:22

Articles

Path Investments reveals much-anticipated placing to fund German gas deal (PATH)

by ValueTheMarkets • July 30, 2018


Cash shell Path Investments (PATH) has proposed a long-awaited £10m placing as part of plans to move onto AIM and pursue a new strategy focused on acquiring conventional onshore producing European gas assets. As it stands, the company remains suspended from trading on the main market of the LSE, but it plans to apply for both the placing shares and its existing shares to be admitted to trading on AIM once the placing is complete.

An admission document will be published by Path ‘in due course’, andit intends to join the dividend list in the first half of 2019. It said it plans to commence dividend payments when it becomes commercially viable to do so – subject to working capital requirements and the availability of distributable funds.

Today’s update provides welcome news for shareholders, who have been waiting more than a year for Path to deliver and complete on a deal. According to the firm, the money raised from the placing will give it sufficient funding to complete its farm-in agreement with 5P Energy GmbH, first announced in December last year. This will see it buy a 50pc interest in the onshore Alfeld-Elze II Licence and producing gas field near Hannover in Germany for an initial €5m – a move that is expected to be cash generative from completion.

According to Path’s competent person’s report, Alfed-Elze II contains estimated gross 2P reserves of 560 MMm3 (19.8 bcf)and total2C contingent resources of 1,802 MMm3 (63.6 bcf). Existing, current gross production from the field’s first vertical well – called H-WD Z2 – is around 84.0 Mm3/d (c. 3.0 MMscf/d), amounting to approximately €4 million of gross annual revenue. The re-drilling of a second well at Alfeld-Elze II – called A-EZ Z4(2) – was completed in February, and production is expected to commence in H2 2018.

Path said that activity up to this point of Alfed-Elze II’s field development plan – known as Phase 1 – will be fully-funded by its placing proceeds. The money will also cover the preparatory work associated with Phase 2 of the site’s development, which includes the reinterpretation of seismic data and the development of a simulation model to find well locations. The firm expects tofollow this up with the drilling of three additional horizontal or slanted wells.

Last month, Path’s CEO Christopher Theissaid the farm-out agreement is supported by Germany’s targeted phase-outof nuclear power generation by 2022 and its retirement of many coal-fired power stations. He added:‘[We believe] that natural gas, and the flexibility it provides in meeting fluctuations in demand, will remain the most favourable source of primary energy consumption after renewables during Germany’s energy transition.

As we have written before, the outlook for Alfeld-Elze II looks promising. The area previously produced around 66Bcf of nitrogen-rich gas from nine wells between 1972 and 1995, before a water breakthrough led it to be abandoned. Four of these wells produced more than 10Bcf of gas.

When it completes, the transaction will mark the first step in Path’s strategy to buy stakes in assets owned by oil and gas companies that have been squeezed by a sharp decline in commodity prices over recent years. In particular, it is targeting assets that possess a lower- risk profile than exploration or development assets.

Author: Daniel Flynn

[purple11] 30/7/2018 07:10

just need to wait for placing price.gl

[moneytree1] 30/7/2018 07:09

the number of Placing Shares, the Placing price and allocations are at the discretion of Cantor Fitzgerald Europe ("Cantor Fitzgerald") which is acting as joint financial adviser, broker and bookrunner and a further announcement confirming these details will be made following the conclusion of the Placing

[currypasty] 26/7/2018 16:31

The Company confirms that progress continues to be made in preparing for the proposed admission to AIM and in delivering an efficient financial structure for the Proposed Transaction, but there can be no certainty at this time that it will be successfully completed



just dragging on and on

[fatfish] 26/7/2018 16:25

will it ever relist

[the_curmudgeon] 04/7/2018 11:43

moneytree seems happy :-)
presumably Path is hoovering up cash in the city ;-)

[the_curmudgeon] 29/6/2018 12:20

it would be great if someone could get some answers this evening

[the_curmudgeon] 29/6/2018 12:19

pretty much my reading also Curry