Red Rock Resources Share Discussion Threads

[arf dysg] 18/7/2014 17:46

We're saved! We're saved!

We're SAVED!!!!



BOHICA

(Bend over, here it comes again.)

[atino] 18/7/2014 17:36

RNS - okay...so what's another 30days (...or even a potential 60 day) extended period...

...just get the phecking deal concluded Andrew!

[soulsauce] 18/7/2014 12:23

Clive205 YA perpetually holds this back but you must be happy with that. You seem to be happy with everything Bell does and have no time for anyone who has been saying all along about this and other problems, hence your veiled comment about me on the RGM thread.

If Colombia does not get sold prepare for a lot more.

I would love RRR to give RGM a boost as much as you but that all depends on Colombia and Bell finally getting some credibilty back. Looks as though it is going to the wire and beyond if you ask me.

[seagullsslimjim] 18/7/2014 07:33

looking for an uplift here today

[hopeless698] 18/7/2014 06:34

Resource Star up 200%

[clive205] 18/7/2014 00:02

Soul, because I'm assuming the weight of YA selling is holding this back so once they're out there will be less resistance. I don't have as many RRR as I do RGM so I'm looking for a higher Red Rock price to give a further boost to Regency.

[atino] 17/7/2014 12:01

...I'm thinking of that Sea *__^ (LOL) [...don't tempt me m8! hahaha:-]]]]

[seagullsslimjim] 17/7/2014 11:58

you could buy a lot of RRR with that :-)

[soulsauce] 17/7/2014 09:56

Why do you want to know Clive? Surely it will only be a matter of time before the next, if indeed it has not already started.

[kezman01] 17/7/2014 06:57

Unless they're starting the next one.

[clive205] 16/7/2014 23:18

Anyone know how many YA might have left now after 8M of sells today that could be some of theirs and the 17M yesterday?? Must be close to being out.

[seagullsslimjim] 16/7/2014 08:14

this should pop any minute now on the back of RGMs continued rise this morning

[seagullsslimjim] 15/7/2014 22:29

whats the field of work that you are registering for ?

[seagullsslimjim] 15/7/2014 22:16

lost me on that one Atino re the fees - what are they for ?

[seagullsslimjim] 15/7/2014 21:59

Atino - get bouncing this baby on the back of any RGM rises and we'll all be happy bunnies.

[atino] 11/7/2014 11:01

[Updated] A lot of info has been posted about this on the RGM thread *__^

[In a nutshell] @ $300K...it's relatively a smallish investment (...thats only a couple of months worth of salary I fink) - where's that Bam Bam when u need him??! LOL

[i mean, its important not to set expectations to high on this]...If it 'pulls off' then 'brilliant' - if not, then...no real done damage, as its 'small change':-)

And [just AS 'was' with RSL *__^] the sector diversification is welcomed - the market witnessed that today for both ALBA & RGM ^__^:-) Consider it a low risk investment for us RGM shareholders ^__^

[hopeless698] 11/7/2014 07:17

RNS Number : 9818L

Regency Mines PLC

11 July 2014

REGENCY MINES PLC

("Regency" or the "Company")

Investment in UK Onshore Oil and Gas Prospect

11 July 2014

Regency Mines Plc ("Regency" or the "Company"), the mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Papua New Guinea and Sudan, is pleased to announce that it has signed a Heads of Agreement ("HOA") with Horse Hill Developments Ltd ("HHDL") for Regency to acquire a 5% stake in HHDL.

This investment follows a decision by Alba Mineral Resources Plc ("ALBA"), in which Regency currently has a 14.87% direct stake, to participate in the HHDL project.

HHDL is a newly incorporated special purpose company which has the rights to acquire a 65% participating interest in the Petroleum Exploration and Development Licence 137 ("PEDL 137") in the Weald Basin, UK. The participants in the Horse Hill -1 well are HHDL as operator with a 65% farm-in interest and Magellan Petroleum Corporation with a 35% interest. HHDL will receive its 65% interest by completing the proposed well at the property by the end of August 2014. The well is expected to spud during July 2014 and is targeting a number of conventional stacked oil and gas targets up to a depth of 8,512 feet.

The Weald Basin is prospective for conventional oil in Mesozoic sandstones, with the primary reservoir rocks being the Portland sandstone formations where Purbeck Mudstones form the capping rock. The Horse Hill prospect lies 7.5 km to the south-east of the Brockham oilfield and was drilled by Esso in 1964 with oil shows, in a location shown by seismic re-interpretation to be separated by a fault from the main target structure.

Co-investors in HHDL besides Alba, include Angus Energy Ltd, Solo Oil Plc (AIM:SOLO), Doriemus Plc (AIM:DOR), Stellar Resources Plc (AIM:STG) and UK Oil & Gas Investments Plc (AIM:UKOG).

Acquisition Terms

The total consideration payable by the Company is GBP300,000. An initial non-refundable deposit of GBP10,000 is payable on signing of the HOA and the balance is subject to completion and execution of definitive agreements which the parties are currently finalising. At completion, RGM will make a further payment of GBP40,000 and the balance of GBP250,000 would be payable according to cash calls required for drilling the well. Following the payments, Regency will own 5% of HHDL and will upon completion of the well indirectly hold a 3.25% beneficial interest in PEDL 137.

Andrew Bell, Chairman, comments:"The opportunity to invest with Alba, Angus Energy, and the other investors in this exciting UK oil and gas project follows extensive due diligence and analysis. By co-investing with Alba, Regency supports Alba in its strategic re-launch into the oil and gas space, which Regency has been assisting. Regency increases its exposure to the potential upside of the project while minimizing downside risk and total cost, offering Regency investors access to near-term cash generation and an increase in the liquidity of its existing investment in Alba. While a relatively small financial commitment at this stage, the Regency Board believes that this strategic shift will help unlock value for Regency amidst challenging market conditions in the mineral resource sector."