Persian Gold Share Discussion Threads

[mclellan] 07/2/2011 13:25

yarisverso- I haven't got my document yet. Must be in the post.
That was direct from DH.

[yarisverso] 07/2/2011 13:23

i don't know how much this is worth to PNG, anyone know Curry, poyxpixi?

The field was brought into production, initially at 10mmcfd and now is ramping up to c. 20mmcfd.

[yarisverso] 07/2/2011 13:18

Of course mclellan, Muppet Bhai and PMI wouldn't know these facts, because as non-share-holders they wouldn't have access to the AIMS admission document. So, they are talking from their ar*es again.

[mclellan] 07/2/2011 13:02

"It is all explained in the AIM Admission document including CPRs that were mailed to shareholders on Friday 4th.

El Dorado was originally discovered in 1999/2000 by Pan American and Petrolex SA (bought soon after by Pan Andean).

Pan American proved up about 220 bcf but did not want to develop the gas at the price then offered by Petrobras ($1.15 per mmBTU).

Pan American's interests were then absorbed by Chaco SA (both then part of the BP group).

BP's then boss in Bolivia rowed with the Bolivian President and fled the country under disputed circumstances in 2007.

The Bolivian state recovered control of Chaco, and asked it to develop the El Dorado project.

A 10km step-out well was drilled beyond the fault, and was a major discovery in August/September 2009.

A re-entry into another well previously described by 'dry' also flowed gas and condensate in 2010.

The field was brought into production, initially at 10mmcfd and now is ramping up to c. 20mmcfd.

More wells are planned to get output up.

So it is very good news for shareholders.

DH

[yarisverso] 07/2/2011 12:07

Thank you for that FOT! The good Lord seems to be looking after JT!

[father o toole] 07/2/2011 11:03

MAJOR GUSHER !!

David Horgan, Managing director, said the money raised would go on existing projects including two gas exploration blocks in Peru and a "significant" gas discovery in El Dorado, Bolivia.

"We have found a major gusher on the export pipeline to Brazil. Production has already begun," Teeling added.

[father o toole] 07/2/2011 11:01

JOHN TEELING'S TROUBLES ARE OVER AT CLONTARF



John Teeling has secured an all-share £4.56million purchase of Hydrocarbon Exploration
Monday February 7,2011
By David Craik )

IRISH entrepreneur John Teeling is on the road to El Dorado after securing an all-share £4.56million purchase of energy explorer Hydrocarbon Exploration.


Teeling's company Persian Gold announced the deal back in June, resulting in the suspension of trading from Aim.

Eight months later – after what Teeling described as "frustrating" delays – the reverse takeover is complete and the expanded firm is back on Aim under the new name of Clontarf Energy.


It has rejoined after a £2.7million fundraising at 6p a share, giving it a market value of about £12million.

Advised by Shore Capital, the company has interests in South America, Africa and Iran.

"Delay is always frustrating," said Teeling. "Completing legal, financial and technical due diligence on three continents extended the time to completion, but we are there now."

David Horgan, Managing director, said the money raised would go on existing projects including two gas exploration blocks in Peru and a "significant" gas discovery in El Dorado, Bolivia.

"We have found a major gusher on the export pipeline to Brazil. Production has already begun," Teeling added.

Clontarf also has a 60 per cent share in an oil block in Ghana and gold and copper activities in Iran.

"We had two discoveries in Iran but we had problems getting permits. We will keep a watching brief but we may sell them on to a Middle Eastern firm," said Horgan.



Read more:

[father o toole] 07/2/2011 10:22

brasso

it must be a fault with your brokers system you might need to get onto them.

2 buys on plus this morning totaling 124999 shares

[brasso3] 07/2/2011 08:13

My PNG shares still seem to be suspended with HSDL. Anyone else experiencing the same?

[donald tramp] 05/2/2011 11:11

Hi LM been away for a few days hope you have been ok over at EDL with the tea round.

[currypasty] 05/2/2011 10:32

anytime, LM
I know what you mean, more deals than I can keep up with

[liquid millionaire] 05/2/2011 09:30

Is that right said fred?

Good moaning CURRYPASTY ~ will be in touch just bloody busy at the mo ~ so many deals going on!

[currypasty] 05/2/2011 09:27

good luck fred

[peterz] 05/2/2011 08:57

So far so good, might be some media interest at week-end - just newspapers!

[mclellan] 04/2/2011 16:22

FOT- he's just daft! He was dissing PNG before that and saying it would never relist.He seems to just wander round the various Clontarf Rd stocks and lie in his teeth.
Obsessed with hatred for management for some reason.
I have him on filter again, too.

[bongo bwana] 04/2/2011 16:00

I have him filtered for a while now.

Far too much noise from him here.

[father o toole] 04/2/2011 15:52

I cant quite believe my eyes but Pat Mustard is telling people on the PET thread to buy PNG

looks like he`s a closset PiNGer