Riverfort Global Opportu... Share Discussion Threads

[roily] 07/8/2012 13:09

From WZR's news release:

Crest is an affiliate of Crest Investment Company, a Houston, Texas-based principal investment company specializing in energy investments, including projects in the Middle East. Through its affiliate, Gulf LNG America, LLC, Crest Investment Company holds an investment in Range Energy Resources (CNSX:RGO), a public company that has an indirect 24.95 percent working interest in a company with an ownership interest in a Production Sharing Contract in the Khalakan Block located in the Kurdistan Region of Iraq.

Crest Investment Company is one of twelve founding board members of the United States-Kurdistan Business Council ("USKBC"), a non-profit trade association launched in February 2012 and based in Washington, DC. The organization is dedicated to facilitating trade and commerce for U.S. companies in the Kurdistan Region of Iraq and to strengthening ties between the private sector in the U.S. and Kurdistan Region of Iraq. The USKBC seeks to highlight the unique opportunities for companies to invest in Kurdistan, to make it easier for companies to secure their investments, and to aid in the success of their operations.

[roily] 07/8/2012 12:29

This certainly explains why no one has heard a word from RGO since Feb. By now the well should have reached TD and been tested. Everyone knew the partnership structure was difficult but refusing to provide any information to one of them seems a tad harsh. Perhaps there is something in the agreement that RGO signed that stipulates how news would flow, however, as a publically traded company RGO has some obligations to report so I doubt they signed off on something like that.

Perhaps someone can shed some light on why the operator would want to keep RGO in the dark.

[casholaa] 07/8/2012 02:46

Intriguing! Arbitrators decision is ultimately binding.

[roily] 06/8/2012 12:28

I know I missed this last week when it came out but saw mention of it elsewhere.



Describe and provide details of legal proceedings to which the Issuer became a
party, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings.

On July 20, 2012 the Issuer commenced arbitration proceedings against New Age Al
Zarooni 2 Limited ("NAAZ2") and the other shareholder in NAAZ2. The Company
owns 49.9% of the shares of NAAZ2, which in turn is the owner of 50% of the shares of the sole contractor for the Khalakan Block. The arbitration will take place in London under the Arbitration Rules of the International Chamber of Commerce. The Company is requesting remedies that would enable the Company to obtain information regarding its investment in the Khalakan Block. The Company and the proceeding's respondents are in the process of selecting the arbitration panel that will hear the dispute.

[panagos] 01/8/2012 21:29

there is a map showing total owning the kallaghan block

[jonno1] 01/8/2012 18:44

0.05 Trading, guess the WZR news may have prompted that, perhaps Total want this one?

[jonno1] 31/7/2012 22:44

they will let you buy the pinks if you want them RGOZF, however be warned this market is terribly thin , you will have to put a bid in, there will likely be no immediate offer. Make SURE you don't bid too high! and make sure you want them as they will be very difficult to sell if there is no market.

[casholaa] 31/7/2012 18:22

Don't matter how I try TDW won't buy then for me online or over the phone.

[jonno1] 31/7/2012 16:16

With todays Total news this may be a great time to pick these up???

[ltinvestor] 27/6/2012 08:03

The app was launched last weekend in Preston and for more info tiktap.com .........

[steve695] 26/6/2012 17:19

Thanks GHF, I hadn't considered the IP angle, very very hard to estimate what this is worth.

[glasshalfull] 26/6/2012 16:16

Agree entirely Steve.

They have consistently failed to deliver despite fantastic promise over the last few years ...exceptionals/restructuring litter their recent accounts. I also think they are onto something but I honestly don't think they can execute the new strategy effectively so this only remains an investment if you think one of their peers will come in to buy the IP & if so, at what (if any) premium.

All IMHO.

Regards
GHF

[steve695] 26/6/2012 15:55

RGO came up on my radar but I haven't had a chance to research properly yet.

A quick glance through the last half yearly report doesn't make pleasant reading from a numbers point of view. I understand that they are restructuring but unless I'm missing something it looks like they are running out of cash quickly.

That said their new products are very interesting and I can see the niche. But I don't see that they have enough cash to bring these to maturity without a round of funding.

Anyone have a different perspective?

[roily] 19/6/2012 11:56

https://foursquare.com/v/khalakan1/4f79e56de4b05cde631f8cce

Its been a long time since anyone has posted here so just trying to keep thread alive. I am sure anyone that has been to SH has seen the link and the photo that is supposed to be Khalakan-1 well.

I am also not sure what to make of the WZR activity map that was just released but it indicates that K-1 was spud in March. I don't have the map in front of me but it shows K-1 going to something over 3000m with an October TD. If this is indeed the case why hasn't RGO announced anything? I continue to be skeptical of a company that doesn't seem to know what their own investment is doing.

[count chris] 13/6/2012 22:45

All this info is a bit third hand but what I was told is it will be live in several towns around the west midlands in the next month or two. East Lindsey (Linclonshires coastal region) county council have also endorsed it hoping it will be taken up in towns like Skegness - word on the street being that Skegness businesses are currently undecided. Upfront cost £75, monthly sub £25, transaction charge from 30p - might sound like small change but to businesses in Skegness it isn't - especially in winter.

[count chris] 13/6/2012 16:56

Never looked at this board before but I'm a member of a Town Center Partnership and have been asked to gen up on TikTap before tonight's meeting - curiosity got me looking at RGO and I get the impression its future rests on TikTap so I'm now interested as a volunteer and as an investor. I'll let you know if I learn anything interesting. I'll ask my mate who owns the local cinema how Orange Wednesdays are going too.

[21richyrich] 07/6/2012 12:37

techinvest have commented on it in June issue as "one to keep an eye on"

[ltinvestor] 24/5/2012 12:52

Hi Prophet,I was shown a demo several weeks ago and very impressive.It was developed by the Orange Wednesday team and is presently being used by Wendys in the US.I agree we are at initial sales stage and that we need to see evidence of sales traction,so def one for watchlist.

[the prophet] 24/5/2012 12:25

ps
interesting to look at the web sites

[the prophet] 24/5/2012 12:22

hi ltinvestor
had a good look at this one again, the mobile marketing solutions look very interesting
Question is wether they can get the sales into the large retailers
Also, cash was £2.2m end of Feb, I see they expect to be positive ebitda by end 2012, so I would guess they would need to raise a few bob at some point?
Got it on my watch list again, would like to see some evidence of sales traction for podifi/tiktap as we're still right at the initial sales stage.

[ltinvestor] 23/5/2012 08:05

Mobile Groupon and so much more developing here??

[roily] 17/5/2012 12:24

Not sure I understand it but then again I don't understand how a "social gathering" that produces absolutely nothing can have an IPO priced at $35-38 and a $100b valuation.

It is hard to tell what is going on with RGO. When you read the second part of the release you can see that they don't know what is going on either.

[panagos] 17/5/2012 06:41

they may want to take it private...

[panagos] 17/5/2012 06:41

roily i may not gat it but why would someone exercise 15c rights when price is at 6c?

i don't get it