Riverfort Global Opportu... Share Discussion Threads

[jonno1] 15/1/2011 17:25

Why can't you open a TDW account in UK? where do you live?

[jonno1] 15/1/2011 17:20

Anyone else here actually own any of these apart from me?

Re funding, nor too bothered, as these are so cheap at this juncture... got to get in at sometime....
I would hope that a Knight in shining armour will come to our aid in some kind of Joint venture, especially if Vast hit bigtime.

[roily] 15/1/2011 14:55

Iron and Jonn,

Glad to see a few more posters here as the more interest, the better the share of information. With regards to funding the well, I have not been able to determine how it will funded but it will need to be funded so I can only guess how it will be done. I assume some form of offering??

I am spending many hours each week trying to gather as much information on this as possible and as I come up with things I will be sharing it.

I am sitting at the edge of the pond here with the water level just above my ankles.

[jonno1] 15/1/2011 12:14

Didn't realise there was a board these, finally took the plunge and picked some up up @ 15 cents.
Decided that if VST takes off, and with Marathon picking up SMN then I guess the interest here will pick up at some stage...
In the bottom of the draw for now

[ironpyrites] 15/1/2011 11:47

Hi roily

I should start by saying that Range Energy looks interesting so:

I have taken a look at the recent financial report:



I was hoping to determine their financial stability going forward for a first drill this quarter.
I should add that I am no financial expert so apologies if I have misunderstood the current situation.

On 31st December their cash balance was $4.7m
Their commitment to the share acquisition agreement which gives them a 24.95% WI in the Kalakan blocks in Kurdistan states the following:

'Under the NAAZ2 shareholders' agreement, each shareholder is required to fund its relative portion of cash calls by NAAZ2. Should a shareholder fail to fund its portion of these cash calls, the non defaulting shareholder will have the option to fund any shortfalls and thereby increase its relative
interest in NAAZ2.'

So far seismic work (Ranges share of the cost) has been $2.2m and with administrative costs etc their cash balance as of 30th September is $2.2m
So the available cash is $2.2m.
Since then:

'In accordance with obligations under the Production Sharing Contract and Shareholder Agreements, the Company made Cash Call payments on October 18, 2010 and November 9, 2010 in the amounts $263,891 and $250,997 respectively.'

So as of 9th November cash was down to $1.7m

Drilling has yet to start.

Now drilling in Kurdistan is relatively expensive. This is because of the nature of the geology. Note the problems Niko/Vast have had with instability in the Tertiary formation and the time and care that has been need to get to just above their primary target (I should add that I hold both Vast and Niko shares).

I have heard figures of $30m banded about as the cost of Kurdistan drills. Even if the cost was a third of this $10m, Ranges share would be $2.5m

I guess you can see where I am coming from.

The warrants will bring in extra cash but the exercise price is way above the current share price

My thought is that currently Range do not have the cash to fund their part of the drill.

So how is this going to be raised? – I can find no mention of this.

I would be grateful for any insights you or others might have on this.

Regards
Iron

[ltinvestor] 10/1/2011 13:54

Quite incredible that the share price is below the listing price of 120p 5 years ago!!

[roily] 08/1/2011 20:01

A little dated but interesting. See ref in last paragraph: "We believe, Range Energy Resources is the cheapest trading stock in the Kurdistan space, currently, and could have one of the most attractive blocks in all of the Kurdistan region, nestled between the Heritage discovery and the existing multi-billion barrel Taq Taq field."


Kevin Shaw: Carpe Cardium, Kurdistan & the North Sea
Source: Brian Sylvester of The Energy Report 06/17/2010

TER: A recent Wellington West investment presentation deemed Kurdistan "the world's hottest exploration region." Please explain.

KS: Kurdistan has what we would call "mega play" potential. There aren't too many multi-billion barrel areas that have been under-exploited or under-explored. Kurdistan is one of those regions because it hasn't been open for business to oil and gas nations or entities under the different government regimes of the last 20 years. There's huge hydrocarbon potential there, contained within huge seismic structures. That's the attraction to Kurdistan. You've seen companies like Heritage Oil Corp. (TSX:HOC) and Gulf Keystone Petroleum Ltd. (LSE:GKP), the United States Short Oil Fund (NYSE:DNO) and others positioning in Kurdistan, as well as the smaller companies like Vast Exploration Inc. (TSX.V:VST), Longford Energy (TSX.V:LFD), Range Energy Resources Inc. (TSX.V:RGO) and others that are trying to tie up land positions as more and more management teams see the big rewards if you drill into one of these mega, multi-billion barrel discoveries. The discoveries are so big-it is one of the only places in the world you can still get truly "BIG" oil in place.

TER: What's the risk?

KS: The risk with Kurdistan continues to be the geopolitical environment between Baghdad and the Kurdistan regional government. At the end of the day, you've got over 35 international oil and gas companies in the area. Many governments around the world are trying to work with Baghdad and the Kurdistan regional government to figure out a proper business "law" to move the oil and gas industry forward. Kurdistan is definitely at a real primitive stage, in terms of having a business system and set of regulations for investment into the area by oil and gas companies. That's the risk right now, but there's a huge prize for the government to resolve this situation. I believe it will get resolved, but it may take some time.

TER: What are some junior E&P companies that you're following in Kurdistan?

KS: I cover Vast and Longford. Vast just spud a well a few weeks ago with Niko Resources Ltd. (TSX: NKO), a large international operator in the area. It's pretty exciting times for Vast right now. Vast has several large structures on their block in Kurdistan. Most of the blocks there are on trend with some of the major producing fields, whether it's Kirkuk or Taq Taq. When you're putting a drill bit into the ground in Kurdistan, you're-what I call-going "deep sea fishing." You're not sure what you're going to hit! Oil and gas has been hit over the last 12–14 months across four different horizons of interest. Whether it's in the Tertiary, Cretaceous, Jurassic or Triassic, there's a lot of hydrocarbon potential to change a company's stock price materially overnight.

Vast is currently drilling three large structures, all of which could easily be 100–350 million barrels. You could hit a 1 billion+ barrels-a-day find like that which Heritage hit not long ago. Other big players in the area that have drilled successful wells like Addax Petroleum Ltd. (TSX.V:SLG), which has now sold; and Gulf Keystone, farther to the north in the Kurdistan region, has hit some big finds. Both Vast and Longford are run by the same management team. The Longford block is a shallow development play that already has a number of vertical wells that were put into the block that did produce or show oil. We believe, Range Energy Resources is the cheapest trading stock in the Kurdistan space, currently, and could have one of the most attractive blocks in all of the Kurdistan region, nestled between the Heritage discovery and the existing multi-billion barrel Taq Taq field.

[outsider] 07/1/2011 01:14

Yes the PP post is mine, I have entered RGO in their competition.


Stegrego I live in Palawan a big unspoilt island part of the Philippines.

[cambium] 06/1/2011 13:45

Mobile Sites, mCommerce, QR Codes and Location-Aware Smartphone Apps Among What's In Store for Retailers in 2011
4 January 2011
2ergo Americas, leading international provider of mobile products and services, announces the availability of an executive brief entitled "Top Ten Predictions in Mobile Marketing for 2011: The Technology, The Trends and The Enablers." The brief, written for retail and marketing executives, predicts significant developments in mobile that will have interesting implications for retailers and consumers alike. The executive brief is free to download from the 2ergo website.

One takeaway from 2010 is clear – positive buzz is growing around mobile marketing and mCommerce as it becomes an integral part of retailers' marketing plans. Consumers now expect to find retailers on mobile and to interact with them through multiple channels. They want to comparison shop, save money, view product info and buy on mobile.

2ergo's mobile marketing experts predict:

1.Mobile Sites Become the New Websites
2.Shoppers Favor Technology Over Human Interaction
3.mCommerce Comes of Age
4.Mobile Coupons Become More Relevant and Less Seen as Mobile Advertising
5.SMS Goes Beyond Marketing
6.Retailers Capitalize on Mobile at Every Stage of the Customer Lifecycle
7.Smartphone Apps Enable Enhanced Location Awareness
8.QR Codes Bring Offline Marketing Mobile
9.Small Retailers are Able to Do Mobile
10.The Most Effective Campaigns are Multi-Channel

[stegrego] 06/1/2011 12:37

Completely o/t but i notice that the flag counter has quite a lot of visits from the Phillipines. Anyone care to own up?

[nephie] 06/1/2011 12:11

Care of paulypilot from next door


Have a mobile phone? Like 33% of a McDonalds Burger?, well RGO with their Vouchernet (Mobile Couponing) could give you just that!

2 Ergo have integrated Vouchernet with major UK EPOS terminal software, the Group can now utilise the intelligence of mobileDNA to match its clients with highly profiled consumers both in the 'virtual' and 'real world', thus creating a truly end-to-end service that drives customers to both the Web and the High Street.

So Imagine walking past McDonalds or maybe JP Weatherspoon and your phone alerts you to 50% off a Big Mac or 20% off a Pint of Pedigree at JPW.....the phone interacts with the EPOS system at either store and you get your discount.


Incidently Since 2004 Vouchernet has transacted over 30 million mobile coupons worldwide and is behind one of the most successful mobile marketing campaigns ever launched called Orange Wednesdays


Also Mobile couponing is poised to be huge as seen by the Google bid for Groupon at a valuation of $6bn for the 18 month old company. RGO have patents in this arena and are already working with major companies such as Proctor and Gamble.


Now the system is patented and of course it's not the only thing 2 Ergo do they describe themselves thus:

2ergo is an international provider of software solutions for mobile phone and Smartphone marketing, business communications, mobile websites, mobile entertainment, mobile news and mobile banking.

2ergo is currently the largest commercial provider of mobile news in the USA, and the only provider of secure mobile phone money transfers that are both PIN protected and encrypted.





The share price has been suffering for a while, because 2 Ergo decided to invest heavily recently plus I understand an institution has sold out. However recent results showed good progress being made and indeed the green shoots look tobev there.....from the recent results:


"The Board is more confident than ever that the preparation work, aligned to the innovations in product enhancement and proposition development, will deliver unprecedented success in the coming years." -Dec 2010




Recent interesting figures from their website include:

* Over 300 million global consumers will use a mobile phone coupon by 2014 (Juniper)
* Mobile coupons will generate $6 billion (£4bn) in global redemption values by 2014 (Juniper)
* Mobile coupon redemption rates often exceed 50% (Exposure2)
* Paper coupons typically have a redemption rate of only 0.2-2% globally (Juniper)
* Over 400 million mobile subscribers worldwide will use a mobile phone for ticketing by 2013
* Total mobile ticketing transaction value will reach $92 billion by 2013



RGO Has a mkt cap of circa 30 million GBP

It's peer would be regarded as VEL which has outperfomed RGO by a country mile, but one has a feeling RGO may be just starting to recover some of the lost ground.


Share price as I write is 93-95p It has peaked at circa 340p and sunk to a low of circa 55p.

[outsider] 06/1/2011 08:06

You have to register to get the full report, but a lot of it makes good sense.

[philtiggis] 05/1/2011 14:04

Mobile Sites, mCommerce, QR Codes and Location-Aware Smartphone Apps Among What's In Store for Retailers in 2011
4 January 2011
2ergo Americas, leading international provider of mobile products and services, announces the availability of an executive brief entitled "Top Ten Predictions in Mobile Marketing for 2011: The Technology, The Trends and The Enablers." The brief, written for retail and marketing executives, predicts significant developments in mobile that will have interesting implications for retailers and consumers alike. The executive brief is free to download from the 2ergo website.

One takeaway from 2010 is clear – positive buzz is growing around mobile marketing and mCommerce as it becomes an integral part of retailers' marketing plans. Consumers now expect to find retailers on mobile and to interact with them through multiple channels. They want to comparison shop, save money, view product info and buy on mobile.

2ergo's mobile marketing experts predict:

1.Mobile Sites Become the New Websites
2.Shoppers Favor Technology Over Human Interaction
3.mCommerce Comes of Age
4.Mobile Coupons Become More Relevant and Less Seen as Mobile Advertising
5.SMS Goes Beyond Marketing
6.Retailers Capitalize on Mobile at Every Stage of the Customer Lifecycle
7.Smartphone Apps Enable Enhanced Location Awareness
8.QR Codes Bring Offline Marketing Mobile
9.Small Retailers are Able to Do Mobile
10.The Most Effective Campaigns are Multi-Channel
To read the full document, download your copy at

[ltinvestor] 05/1/2011 10:57

No hot money here!!!!

[outsider] 05/1/2011 09:10

Very little interest on this thread (always a good sign just as it is with GOI I have just bought) yet the shares moving up nicely, overhang clearly gone and quite difficult to buy in quantity.

[roily] 04/1/2011 12:29

Just posting to keep the thread alive. I have been to every board I can think of and there is no discussion what so ever on this, so is this one just flying under the radar or is there no reason to invest in it yet?

I am faced with a dilemma on whether to increase a position here while it is very cheap and wait a while for something to happen, or invest elsewhere where I have a chance at a quicker return and use that money to invest here later? My desire is to invest here now and develop a large position but my head is telling me there is a dearth of news/information/discussion for a reason.

Based on what I have been able to find out this looks like a good block with potential as good as the surrounding blocks, the operator looks strong and it is moving to the TSX in Q1 2011, but there are many unknowns and a somewhat complex ownership structure.

Anyways like I said just posting to post and I will have to figure out what it is that I want to do.

[outsider] 29/12/2010 09:19

One point I haven seen anyone pick up on is this:

The investment is already beginning to bear fruit with gross profit for the first three months of the new financial year being 34% ahead of the same period in 2010.



Now gross profit in the Wholesale reseller channel was 455K down from 829k over the year.


So that 34% increase will INCLUDE any decrease (likely) from the Wholsale in other words our core turnover and gp is probably well in excess of 34%....but the directors have chosen a conservative way to report which I applaud.

[outsider] 24/12/2010 01:15

thanks itinvestor, must admit the more I research the more interested I get.


Some interesting (and exciting) projections from the 2 Ergo website:

* Over 300 million global consumers will use a mobile phone coupon by 2014 (Juniper)
* Mobile coupons will generate $6 billion (£4bn) in global redemption values by 2014 (Juniper)
* Mobile coupon redemption rates often exceed 50% (Exposure2)
* Paper coupons typically have a redemption rate of only 0.2-2%
* Over 2 billion mobile tickets were sold in 2009 (Juniper)
* By 2014 there will be 15 billion mobile ticket transactions globally (Juniper)
* Over 400 million mobile subscribers worldwide will use a mobile phone for ticketing by 2013
* Total mobile ticketing transaction value will reach $92 billion by 2013




Interesting a mobile coupon is 25-250 times more successful than a paper coupon. (see above)

I'd like to know more about the patents and what they cover, the market is huge, and could be very niche for 2 Ergo, If the patents prevent others from entering certain areas....it sounds to me as if they are valuable, hence the comment in the results:

""The Board is more confident than ever that the preparation work, aligned to the innovations in product enhancement and proposition development, will deliver unprecedented success in the coming years."

[panagos] 23/12/2010 13:33

dunno about the isa, but also believe they will obtain a listing in the tsx venture by end of q1 2011.

[thelung] 23/12/2010 13:31

You may have already answered this but.......am I correct in thinking that they can only go in an ISA once they are listed on the TSX venture exchnage and the move to there from CSNX is expected towards the end of Q1 2011?

[roily] 23/12/2010 11:47

Thanks. I was assuming 25%.