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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Persian Gold | LSE:PNG | London | Ordinary Share | GB00B09WLX62 | ORD 0.25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.125 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 6.125 | GBX |
Persian Gold (PNG) Share Charts1 Year Persian Gold Chart |
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1 Month Persian Gold Chart |
Intraday Persian Gold Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/4/2011 | 09:33 | Persian Gold . . . . . potential multi bagger ? | 3,280 |
| 07/8/2010 | 21:31 | PiNG | 249 |
| 05/7/2010 | 06:54 | AIM listed Persian Gold Plc....a potential multi bagger?!?!? | 68 |
| 30/12/2009 | 17:26 | Time to buy Persian Gold ??? | 21 |
| 23/8/2007 | 08:00 | Investors Chronicle says drilling starts soon at Chah-e-Zard and says buy now!!! | 8 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 15/3/2011 12:31 by mclellan Results of MeetingsChange of name to Clontarf Energy plc Persian Gold is pleased to announce that all resolutions proposed at a General Meeting of the Company held earlier today in London were approved including a resolution to approve the acquisition by the Company of Hydrocarbon Exploration plc ("HyEx") and a resolution to approve the change of the Company's name to Clontarf Energy plc ("Clontarf Energy"). The Company's ticker will change to 'CLON' following the name change; the Company's ISIN and SEDOL will remain unchanged. The approval of the resolutions at the Persian Gold General Meeting followed the approval by HyEx shareholders of (1) a resolution to approve the scheme of arrangement to effect the acquisition of HyEx by Persian Gold at a court meeting of HyEx shareholders (the "Scheme"), and (2) resolutions to implement the Scheme at a general meeting of HyEx shareholders. It is expected that the Scheme will become effective (following High Court sanction) on 5 April 2010. Following this, admission to trading on AIM of the existing ordinary shares in Clontarf Energy (formerly Persian Gold) will be cancelled and re-admission and dealings in the existing ordinary shares and new ordinary shares in Clontarf Energy plc will commence on AIM with effect from 8 a.m. on 6 April 2011. David Horgan, Managing Director, commented: "I am delighted that shareholders in both Persian Gold (PNG) and Hydrocarbon Exploration (HyEx) have approved the acquisition of HyEx which leads to the creation of Clontarf Energy, an oil and gas explorer and producer with an exciting portfolio of projects in Peru, Ghana and Bolivia. While the HyEx acquisition, which is subject to final court approval, will not complete until early April, PNG becomes Clontarf Energy (CLON) in a few days. In Peru, we expect within weeks to complete the formal signing ceremony to acquire two good quality onshore exploration blocks. We have successful experience in creating value with Peruvian oil assets. In Ghana we await cabinet and parliament approval on our 60% held Tano 2 onshore / offshore block. Delay is difficult to explain to shareholders, but as Ghana grows into a major oil producer, pressure grows on how to divide up the oil riches so politicians are slow to make decisions. Despite the political uncertainty in Bolivia, we like the potential on our two joint ventures. In the coming weeks, we will invest $0.6 million into the El Dorado gas project where we hold a 10% interest with Chaco / YPFB, the state oil company, holding the rest. This investment buys Clontarf back into a producing field. The funding for Clontarf's share of two new step out wells is being funded from revenues currently being generated. We expect net cash to be generated from 2012. The producing Monteagudo gas field in Central Bolivia is 30% owned by Clontarf Energy with Repsol (50%) and Petrobras (20%) holding the balance. We are attempting to reach agreement with our partners to acquire 100% of the field. If we can we will seriously consider drilling the huge anomaly at depth on the block. Our plans for Clontarf Energy are set out above. It has been a long road to get to this point but we look forward to the future with interest." Enquiries: |
Posted at 02/3/2011 14:14 by domtheone Get my PNG shares 6th of April.Hoping to sell on the 7th. Only a month away now so chances of getting 5p are still fair. Be interesting to see how much the share price tanks around that time when all most ex Hydro holders dump their holdings.. |
Posted at 26/2/2011 20:59 by fumanchuchu PNG was effectively bust. It only managed to survive because it was able to reverse into ex-Pre assets..... but that was at the expense of PNG shareholders - massive dilution.Even their OWN AUDITOR said they are as good as bust : from the annual report - page 12/13. PNG in it's then current form was BUST. Without the RTO they were effectively bust/insolvent (they have NET LIABILITIES) : Emphasis of Matter- Going Concern and Realisation of Assets Without qualifying our opinion, we draw your attention to: Note 3 to the financial statements which indicates that the group incurred a loss for the year of £316,000 and had net current liabilities of £358,459 at the balance sheet date. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the group's ability to continue as a going concern. The going concern assumption of the group is dependent on the group obtaining additional finance to meet its working capital needs for a period of not less than twelve months from the date of approval of the financial statements to enable the company to meet its liabilities as they fall due. |
Posted at 23/2/2011 08:23 by pat mustard irl O'Toole, only 8 trading days left for the boyhos to get their noses in the trough again?Director/PDMR Shareholding TIDMPNG RNS Number : 6759A Persian Gold PLC 04 February 2011 4 February 2011 Persian Gold plc ("Persian Gold" or the "Company") Issue of warrants On 2 December 2008, certain Directors and senior management of the Company were issued 2,659,363 warrants which were issued to investors participating in a placing of new Ordinary Shares by the Company (on the basis of one warrant for every two new Ordinary Shares subscribed for ("Warrants"). The Warrants carried an exercise price of 4p per Ordinary Share with an exercise period of two years from the date of issue of the Warrants. The 2,659,363 Warrants held by the Directors and senior management lapsed on 2 December 2010. The Company announces that it has now issued 2,659,363 new warrants each to subscribe for one new Ordinary Share at a price of 4p per share to certain Directors and senior management ("New Warrants"). The exercise period for these New Warrants is one month from the date of issue. It is expected that the New Warrants will be exercised prior to completion of the acquisition of Hydrocarbon Exploration plc (as announced earlier today). The New Warrants issued to Directors have been issued as follows: Director New Warrants David Horgan 625,000 James Finn 625,000 John Teeling 937,500 Dr. Manouchehr Takin 150,000 Jack Teeling 312,500 |
Posted at 14/2/2011 08:22 by tofflint yarisverso - 14 Feb'11 - 07:22 - 3130 of 3130 El Dorado, in Bolivia, as already stated, is delivering 10mmcf of gas a day, that is $55,000 per day. DH says that it will soon go up to 20mmcf per day, $110,000 per day. Then more drilling and more production. I can't find out how much percentage PNG/Hy Ex gets from that. It has been suggested 10%. That would give a current income stream of $2 million, going up to $4,000,000 per annum. On a P/E of 10, that alone should give a share price of 9.5p/19p, or 13p/26p on a P/E of 14, presuming a total share count of 140,000,000 to Clontarf. Do you know or can you find out FO'T or anyone else, what percentage accrues to Clontarf, and projected number of shares that will constitute Clontarf Energy? My figures were confirmed by sp119, who is a very respected poster:- spp119 - 10 Feb'11 - 11:16 - 52949 of 52967 Yarisvero, You are correct. 10 million cubic feet per day at a rate of $5.5 per 980cf (which is what 1MMBTU amounts to)= ~$55k. spp119 So, anyone thinking of selling at 6.5p, might perhaps reconsider and wait for the Ghana ratification, Peruvian Blocks, lithium lake and what the increase in El Dorado will bring. This has a great future, imho. ................. LOL! yarisverso appears to have been conned in to buying every bit of rubbish the clontarf rd pyramid salesmen cook up. he is in PET also, another bit of rubbish for the clontarf rd skip! Being conned once by the men in suits can be put down to lack of research but being conned time and time again by the same outfit is sheer stupidity imo. |
Posted at 14/2/2011 07:22 by yarisverso El Dorado, in Bolivia, as already stated, is delivering 10mmcf of gas a day, that is $55,000 per day. DH says that it will soon go up to 20mmcf per day, $110,000 per day. Then more drilling and more production. I can't find out how much percentage PNG/Hy Ex gets from that. It has been suggested 10%. That would give a current income stream of $2 million, going up to $4,000,000 per annum. On a P/E of 10, that alone should give a share price of 9.5p/19p, or 13p/26p on a P/E of 14, presuming a total share count of 140,000,000 to Clontarf. Do you know or can you find out FO'T or anyone else, what percentage accrues to Clontarf, and projected number of shares that will constitute Clontarf Energy? My figures were confirmed by sp119, who is a very respected poster:- spp119 - 10 Feb'11 - 11:16 - 52949 of 52967 Yarisvero, You are correct. 10 million cubic feet per day at a rate of $5.5 per 980cf (which is what 1MMBTU amounts to)= ~$55k. spp119 So, anyone thinking of selling at 6.5p, might perhaps reconsider and wait for the Ghana ratification, Peruvian Blocks, lithium lake and what the increase in El Dorado will bring. This has a great future, imho. |
Posted at 01/11/2010 21:15 by f 10 eh m es mx - 9 Jul'10 - 17:22 - 2528 of 2709Look at the dilution at CON announced today. Shares in issue : 15m Today's news : New shares to be issued totals 5,283,000 so 33% more shares issued to raise a poxy £1m at near 15% discount. At least CON are drilling where they have a mineral discovery. Now take a look at PNG. They are as good as bankrupt. No cash. Net liabilities. The only way they can survive in doing this RTO. So what has and will happen ? PRE had cash of £1.46m However, "There is a claim against HyEx for circa $4 million from Hunt Oil, who operate High Island 30.." So they have net liabilities of £1.1m PNG has no cash whatsoever, it's effectively bust. PNG/Hydro have to bring $12m to the table for the 3 year work programme before drilling starts at their alleged Ghana block. So add in the liabilities of £1.1m + the above amount £8m ($12m) and they have to raise around £9m just to ensure they are able to continue with their venture in Ghana. Raising £9m @ 5p/share would mean issuing another = 180m shares. Add to the current total shares in issue 140 + 180 = 320m shares will be in issue There you have it..PNG holders been taken to the cleaners and mullered. The new company will then consolidate the stock which means ex-PNG holders being swept away out of sight |
Posted at 01/11/2010 20:57 by f 10 eh m es mx - 28 Jun'10 - 17:04 - 2409 of 2671The cost alone for for the first 3 years is quoted as being $20m. Three companies are involved : 30% Hyrdo exp 30% PNG 30% PET 10% local outfit That means each of the first three have to come up with $6m. Now where will PNG get it's share of $6m/£4m from ? It has absolutely not money whatsoever. It's a cashless wonder. PNG has to raise the money of course (hence the comment : "It is also anticipated that Persian will undertake a placing of new shares to raise sufficient working capital,,")...... market cap of PNG at suspension = £5m get it now ? PNG shareholders are going to be diluted to oblivion. |
Posted at 01/11/2010 20:55 by f 10 eh m es mx - 25 Jun'10 - 22:31 - 2392 of 2671PNG is skint. It has no money. It has absolutely nothing to offer except for it being a listed shell. It's only way of survival is to reverse into Hyrdo Ex (Pan Andean)... the pay off for its survival will be massive dilution. Take another clontarf road company that did a RTO. WAD.. it did a RTO with STEL. WAD got suspended at 3.5p The share price of STEL now is equivalent to 2.3p (equivalent to previous WAD share price... all time low) PNG will be worse, and it's so satisfying that TOOLE is upto his neck in these. Just like he has been wiped out in WAD, he'll get wiped out here as well. |
Posted at 01/7/2010 20:47 by eh m es mx So it's plain to see the company was at death's door. It had no cash. And big net liabilities. This RTO was it's only way to survive otherwise it would have gone bust. That clearly means PNG holders will have to pay heavy price for them to reverse into HydroExp. Dilution will put PNG holders into touch..... there is going to be in the region of 320m shares in issue.. if not more. PNG holders will be taken to the cleaners and mullered. The new company will then consolidate the stock which means ex-PNG holders being swept away out of sight. Take cue at what happened to WAD with the STEL RTO..... WAD share price equivalent is now at an all time low. With PNG it's going to be 10 x worse. |
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