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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rift Oil | RIFT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 13.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.00 | 13.00 |
| Top Posts |
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Posted at 06/7/2015 16:07 by offerman Hi All, Not sure if anyone still reads this but i lost a fortune with pvr . I bailed out most of them and gone in heavy with a company called LGO. I been invested since the start of 2015 from 3.8 then bought all the way down to 2.04p. Excellent producing little company.I could go on in droves as to why but best dyor. The two massive key points are:Neil Ritson ( running the show)Massive Goudron field recent CPR went up 5 fold to 800mboip. ( that was only revised from a 7/7 strike rate hitting oil out of 30 well campaign ( now 60 well campaign)Further cpr in two years with further upgrades to come. Flow rates from pad 4 shortly. Buy and keep them for 8-10 years although i think they will get bought out within the next three to four years ( just like rift did).LGO is the best small aim oily out there! Don't forget dyor. |
Posted at 25/3/2014 19:42 by manulad Never managed to repeat the success with RIFT. Turning £20k to £140k. Nearly moved the lot into GKP when they were 12p but bottled it (my biggest regret)Moved most of that into the London housing market back in 2010 so I guess i've been incredibly lucky. Kept a small investment pot, lost money on MTA and POG but hope to make it all back on KEA - time will tell |
Posted at 23/3/2014 08:49 by offerman True BigDog, a lot of costs involved owed to GKP.In response to your question about Talisman. Well I'm not sure if they developed Rifts PNG discovery.Hyper, many thanks for nice comment. I also forgot to add that with PCI Algeria, they were predicting 100's of wells needed to be drilled to reach their 354mcfgpd target ( which starts production in 2017 initially then ramped up to 354 over following 4-5 years.)However not so many wells will now be needed because if the stunning results of pressure tests during the exploration campaign. Remember, each well as dictated by Sonatrach needed to be producing 2.8 mcfgpd to make it commercial.PCI AT9 well flowed 67mcfgpd ON A CHOKE overv40 more structures similar to At9 were discovered over a rift ( excuse the pun) running through the acreage. Other AT drills encountered 34mcfgpd with the lowest flow test being 4.4mcfgpd on AT2 still double the required commercial amount needed. Only one well over the campaign came up tight with no flow( the gas was there but was so tight no fraccing could achieve release of gasses there) but this well was out on the flank of the acreage.So CAPEX will be massively reduced because of the much higher than envisaged flow rates acheived. I personally also asked a director what about the massive shale gas reserves that sit above our 10.2+tcf and are the equivalent size, would you be tapping this. Response was, no, we have so much gas in our discovery that there is no need to extract the shale. Remember Sonatrach Pre-Empted Oil India and Gas offer , 4 th time only in as many decades that's been done so it is if great importance . barrie16 - 22 Mar 2014 - 19:56 - 15910 of 15913 - 0I lost a small fortune with Matra, bailed most of it in to pci which I'm hoping will bring me back up as i am £147,000 down . I only have near 300 000 shares left in Matra and will leave those for the ride out suspension to see what Maxim does for us over in the states. I won't be investing more in MTA needless to say after chuckle brothers bill and Ben display of before.If i do well with pci a big chunk is going to GKP if they stay low next 3-4 weeks , a punt on TRP for potential massive GLOW IN THE DARK drill or as i say it could be LIGHTS OUT if a dud but pure punt. I will also look out for other members here recommendations as some have been blinders from here in the past.A.T.B |
Posted at 22/3/2014 19:56 by barrie16 With the money from Rift I bought Matra. Has anyone got any thoughts on this company's future. Locked in at the moment. |
Posted at 14/3/2014 22:21 by and01 Hi offermanSorry to hear about your GKP loss Reading your posts on this Rift thread help me get into investing in oil shares it has been a roller coaster ride and very interesting I hold a few GKP shares but cannot make any sense what's going on Best regards |
Posted at 14/3/2014 09:18 by offerman Hi Gentlemen,Good to hear you are doing ok. I haveven`t done very well at all, down £143k but im still hopefull. Did well from Rift, then GKP but down hill after that. I lost a packet with MTA as you know, lost a fair wedge with PCI to as got in from 14p old money (still with them and bought al the way down to 4p old money before 25-1 consolidation. Heavy discount on share price for pci, they have massive gas find algeria, farmed out 18% both to ENEL and SOnatrach, sonatrach for 180M$, . Most important near term are the results from Kurdistan drilling expected within next 3-4weeks PCI 16 working interest). Spud also soon for Dinarta , massive Kurdistan prospect on Dinarat 1400SQKM licence) Reverse take over of Melrose producer in Egypt Bulgaria.500M$ loan facility if needed to develop their remaining 38% on the algeria licence). So just brief synopsis for latest pci entrails... I certainly will take a look at SUMM Hyper as never rule out other Ops. |
Posted at 13/3/2014 19:16 by manulad Have you seen Kea lately? up 300% in 10 days - reminds me when RIFT shot up before the buyout |
Posted at 12/5/2012 07:55 by manulad Anyone in Kea Petroleum Son of riftThey are drilling in the Taranaki Basin in New Zealand which has had quite a bit of activity and positive drills recently. The puka well found oil last month and the Douglas well should be announcing in the next 10 days Kea Petroleum seems to have slipped off everyone's radar. Also Nigel Wray is a big investor and IGS recently brought stock for this Thornby Investment trust |
Posted at 28/2/2012 09:00 by p3dr036 Here's another pop-in from an ex Rifter!I've no idea what has happened to RIFT's acerage in PNG. At the time they were bought out, RIFT's intention was to drill out - pipe the gas to the coast and link to an off-shore LPG production & storgage vessel [being built by Mitsubishi] and deliver the LPG from there. Obviously that was years and $$$$'s into the future, but the idea seemed clear. Since RIFT was taken over I've kept an eye out but I can't recall seeing anything to say that the "RIFT" plan was any nearer to fruition. Has anyone on here got any more news? Also what happened to the CEO & her husband? Did they continue working in PNG or go back to the interests in NZ?? Good luck to all ex-Rifters. We meet now and again on other threads regards Peter [p3dr036] |
Posted at 17/7/2009 13:36 by offerman Result of Court Meeting and GM ResultsTIDMRIFT TIDMAN26 RNS Number : 8880V Rift Oil PLC 17 July 2009 ? NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY RESTRICTED JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 17 July 2009 Recommended acquisition of Rift Oil PLC ("Rift") at 13 pence per Rift Share by Talisman Energy Holdings Ltd. a wholly owned subsidiary of Talisman Energy Inc. ("Talisman") Result of Court Meeting and General Meeting Rift announces that at the meeting convened by the court and held earlier today, 17 July 2009 (the "Court Meeting"), and at the subsequent General Meeting (the "GM") to approve the scheme of arrangement (the "Scheme") to implement the offer to acquire Rift by Talisman (the "Acquisition"), all of the resolutions were approved by the necessary majorities. Voting results The voting results in relation to the Court Meeting and the GM are summarised below: COURT MEETING Number of Rift Shareholders: FOR: 216 (92.7%), AGAINST: 17 (7.3%) representing the following number of votes: FOR: 513,226,748 (99.84%), AGAINST: 831,829 (0.16%) representing the following percentage of issued shares: FOR: 61.8%, AGAINST: 0.10% Number of Rift Warrantholders: FOR: 11 (100%), AGAINST:0 (0%) representing the following number of votes: FOR: 26,416,666 (100%), AGAINST: 0 (0%) GM The special resolution to give effect to the Scheme was passed unanimously on a show of hands at the GM. The Acquisition remains subject to the terms and conditions set out in the Scheme Document. The Scheme will not become effective and the Acquisition will not be completed unless the conditions set out in the Scheme Document have been satisfied (or, if capable of waiver, waived) by 5.00 p.m. (London time) on 30 October 2009, or such later date as Talisman and Rift may agree and (if required) the Court may approve. Enquiries: +------------------- | Rift Oil PLC | | +------------------- | Ian Gowrie-Smith | +44 (0) 20 7340 9970 | | David Lees | | +------------------- | | | +------------------- | RBC Capital Markets Limited | (Financial Adviser and Nominated Adviser to Rift) | +------------------- | Sarah Wharry | +44 (0) 20 7653 4667 | | Louise Mooney | | +------------------- | | | +------------------- | Seymour Pierce | (Rule 3 Adviser to Rift) | +------------------- | Jonathan Wright | +44 (0) 20 7107 8000 | +------------------- | | | +------------------- | Buchanan Communications | (Public Relations Adviser to Rift) | +------------------- | Tim Anderson | +44 (0) 20 7466 5000 | +------------------- | Isabel Podda | | +------------------- +------------------- | Talisman Energy Inc. | | +------------------- | David Mann | +1 403 237 1196 | | Christopher J. LeGallais | +1 403 237 1957 | +------------------- | | | +------------------- | Tristone Capital Limited | (Financial Adviser to Talisman and Talisman Holdings) | +------------------- | Nick Morgan | +44 (0) 20 7355 5800 | | Chris Beltgens | | | Ben Colegrave | | +------------------- | | | +------------------- The Rift Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Rift Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. Royal Bank of Canada Europe Limited, which trades as RBC Capital Markets and which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser to Rift and no one else in connection with the Acquisition and will not be responsible to anyone other than Rift for providing the protections afforded to clients of RBC Capital Markets or for providing advice in relation to the Acquisition or any other matters referred to in this document. Seymour Pierce Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser to Rift and no one else in connection with the Acquisition and will not be responsible to anyone other than Rift for providing the protections afforded to clients of Seymour Pierce or for providing advice in relation to the Acquisition or any other matters referred to in this document. Tristone Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively as financial adviser to Talisman and Talisman Holdings and no one else in connection with the Acquisition and will not be responsible to anyone other than Talisman and Talisman Holdings for providing the protections afforded to clients of Tristone Capital or for providing advice in relation to the Acquisition or any other matters referred to in this document. The release, distribution or publication of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about and observe any applicable requirements. Copies of this announcement and any documentation relating to the Acquisition are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from any Restricted Jurisdiction and persons receiving such documents (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send such documents in or into or from a Restricted Jurisdiction. If the Acquisition is implemented by way of the Offer, (unless otherwise determined by Talisman Holdings and permitted by applicable law and regulation) it will not be made, directly or indirectly, in or into, or by the use of the mails, or by any means of instrumentality (including without limitation, telephonically or electronically) of interstate or foreign commerce of, or any facilities of a national securities exchange of any Restricted Jurisdiction, and the Offer will not be capable of acceptance from or within any Restricted Jurisdiction. Talisman reserves the right to implement the Acquisition by way of an Offer, in which case additional documents will be despatched to Rift Shareholders. Further details are set out in the Scheme Document. Words and expressions defined in the Scheme Document shall, unless the context provides otherwise, have the same meanings in this announcement. APPENDIX Expected timetable of principal events* +------------------- | First Court Hearing to sanction the Scheme | 6 August 2009 | +------------------- | Last day of dealings in Rift Shares | 7 August 2009 | +------------------- | Dealings in Rift Shares suspended in London | 5.00 p.m. on 7 August | | | 2009 | +------------------- | Scheme Record Time | 6.00 p.m. on 7 August | | | 2009 | +------------------- | Second Court Hearing to confirm the Reduction of | 10 August 2009 | | Capital | | +------------------- | Effective Date of the Scheme | 10 August 2009 | +------------------- | Despatch of cheques and settlement through CREST | By 24 August 2009 | +------------------- * These dates are indicative only and will depend, among other things, on the date upon which the Court sanctions the Scheme and whether the Conditions are satisfied or (if capable of waiver) waived on or prior to such date. All references to times are to times in London (unless otherwise stated). Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, 'interested' (directly or indirectly) in 1 per cent. or more of any class of 'relevant securities' of Rift, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 p.m. (London time) on the Business Day following the date of the relevant transaction. This requirement will continue until the Scheme becomes effective, lapses or is otherwise withdrawn or on which the 'Offer Period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Rift, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of Rift by Talisman Holdings or Rift, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Panel's website at www.thetakeoverpanel 'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock Exchange END MSCRRMJTMMBBBLL |
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