Path Investments Share Discussion Threads

[fatfish] 20/4/2018 13:51

Last time this happened my £23k investment was worth virtually zilch

[moneytree1] 20/4/2018 07:31

on listing they said theyd be doing 3 or 4 deals in the year.

in reality they cant even get one away!

[tagsumo] 09/4/2018 15:06

a bit of positive feedback........that's always good to hear!

thanks for that LNM

T

[lochnessmonster] 09/4/2018 12:51

Caught up with a few City mates at the weekend and Path came up in conversation. A number of deals being worked on, German deal update soon. Everyone sounded positive. Anyway do your own research but was good to hear before I headed home. LNM

[moneytree1] 28/3/2018 08:19

which they have.lol

[currypasty] 27/3/2018 10:30

"As previously announced, the Company intends to undertake a fund raising and to seek admission of the Company's ordinary shares to trading on the AIM Market of the London Stock Exchange plc ("AIM") during Q1 2018 (the "Proposed Transaction") in conjunction with the completion of the Acquisition."


I would expect an announcement this week...if only to say they missed the Q1 2018 timeframe

[lochnessmonster] 26/3/2018 21:28

Hearing good things too here and there. Not long to go.....

[here and there] 22/3/2018 09:14

HHMM, no, moving to AIM, read the January RNS.

[fatfish] 21/3/2018 16:24

here we go again Delisting, nothing good ever came of a share I have been invested in after it delisted. hope i'm wrong this time but got shafted by these last time

[here and there] 19/3/2018 13:39

I'm hearing good things hear, not long now.

[the_curmudgeon] 08/3/2018 13:48

Dilution is part of raising money and growing a business. As long as the money raised equates to more value for the business than is lost through dilution then its a positive and necessary thing. I believe in this instance dilution is necessary and positive because as a first deal this deal is excellent for path

[currypasty] 08/3/2018 08:05

that's inevitable.. just what price!

[fatfish] 08/3/2018 07:57

Why do i feel more dilution on its way.

[fatfish] 07/3/2018 15:03

i wish i could be that confident :-)

[the_curmudgeon] 07/3/2018 13:33

I think the dough is guaranteed by this deal LNM. Well done to all holders! Roll on relisting

[lochnessmonster] 02/3/2018 16:40

I want dough and lots of it! LNM

[the_curmudgeon] 02/3/2018 16:03

or a bit of chutney perhaps?

[currypasty] 01/3/2018 13:27

what sort of Relish ? yum yum

[spike52] 01/3/2018 13:07

Any idea of how fund raise is going. Are we still on for relish next Friday.

[the_curmudgeon] 21/2/2018 11:54

That's for z4 Curry, don't forget, z2 already producing!

[currypasty] 20/2/2018 08:36

"gas production is anticipated to commence around mid-2018"


things are looking up.. perhaps the fund raise can get away at a decent price now

[the_curmudgeon] 20/2/2018 08:27

BOOM! Again. RNS.

[currypasty] 10/2/2018 15:06

"Given the size of the deal on the table there is every chance this could be at a decent premium to March’s listing price."


lets hope multiples

[purple11] 10/2/2018 12:15

Path Investments gets one step closer to breakthrough deal with robust gas reserves report PATH

by ValueTheMarkets • February 8, 2018

Path Investments (LSE:PATH) has reported that the German gas field it is planning to make a two-stage maiden investment into could contain reserves of nearly 85Bcf (billion cubic feet) of gas. Path has entered into a conditional farm-in agreement to purchase a 50pc participating interest in the 64.6km2 Alfeld-Elze II licence, which includes the Alfeld-Elze/Hildesheimer Wald gas deposit. This is welcome news for shareholders, who have been waiting nearly a year for Path to deliver a deal.

A competent person’s report carried out on the licence found that its two existing wells – H-WD Z2 and A-EZ Z4 – contain 20Bcf of gas. These wells make up Phase One of Path’s investment programme.

Phase Two of Path’s investment programme, which may require the drilling of up to three horizontal wells, has an ascribed 2C Contingent Resource of 64Bcf.

Path, which raised £1.4m through listing on the Standard List of the London Stock Exchange in March 2017, announced in December that it planned to enter into a joint operating with 5P Energy, the licence’s current owner.

To fund the proposed deal, which will see the two firms directly split ownership of the licence, Path suspended trading in its shares last December with a view to re-listing on AIM in Q1 2018 and undertaking a fundraising.

The terms of the deal for phase one will see Path pay €5m on completion of the transaction to cover some of 5P’s previous drilling costs for H-WD Z2.

It will then make a further €2m payment when A-EZ Z4 reaches commercial production.

For Phase Two, Path will pay €10m towards 100pc of the costs of the drilling, logging, testing and completing one or more horizontal wells.

It may have to pay up to a further €7.25m in the future if certain revenue and gas milestones are met within the first five years of operations after completion.

If the deal completes, Path expects the investment phase of the deal to last until 2021 at a gross capex cost of up to €25m. It then hopes to enter a long-term stable cashflow phase from 2022-2035.

The outlook for the licence and deposit looks promising. The area previously produced around 66Bcf of nitrogen-rich gas from nine wells between 1972 and 1995, before it was abandoned following water breakthrough. Four of these wells produced more than 10Bcf of gas.

The field was brought back into production in 2015 by 5P Energy through the workover and re-entry of H-WD Z2, which has produced in excess of 2.6Bcf.

A-EZ Z4 has been identified as another well workover candidate and, subject to testing, demobilisation and commissioning, is due to start production around mid-2018.

If it completes, the transaction will mark the first step in Path’s strategy to buy stakes in assets owned by oil and gas companies which have been squeezed by a sharp decline in commodity prices over recent years. In particular, Path is targeting assets, which possess a lower risk profile than exploration or development assets. It will be interesting to see what price the company raises money at. Given the size of the deal on the table there is every chance this could be at a decent premium to March’s listing price.