Senterra Egy Share Discussion Threads

[liquid millionaire] 10/11/2015 09:25

Just to alert you, cash shell, Senterra Energy plc (SEN.L) listed on the LSE (via a Standard segment quote) this morning after raising £1.25m at 5p per share. The Company is seeking to acquire a suitable company or business in the oil and gas sector that has cash generative and strong upside potential.


Best Regards,

Jason Robertson.

Dowgate Capital Stockbrokers Limited
Dir: [phone] |Mob: [phone]

Senterra Energy plc ("Senterra" or "the Company")

Admission to trading on the London Stock Exchange
Senterra Energy plc, a company formed to undertake a single acquisition of a target company or business in the oil and gas sector, is pleased to announce that its entire ordinary share capital will today be admitted to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market ("Admission"). Dealings will commence at 08.00 under the TIDM code "SEN".
Kurt Portmann, Chairman of Senterra, commented:
"We are pleased to have successfully concluded the Admission and firmly believe that current market conditions present compelling opportunities to acquire a cash generative Oil & Gas company with strong upside potential; we look forward to executing the next steps and updating the market as developments unfold".
Highlights:
The Company has been formed to undertake a single Acquisition of a target company or business in the oil and gas sector.
The particular focus will be on companies or assets with both existing production and sufficient development potential to make a significant increase in production, and although all geographic regions will be considered, given the current political and economic situations in the Far East and Russia, the Board consider that it is less likely that these two regions will be able to provide viable opportunities for investment.
In assessing the potential Acquisition, the Board will pay particular attention to the following overriding factors:
· the existence of production providing cash flow for the business;
· strong exploration potential in known oil and gas producing areas
· the quality of the management
· an established track record of developing oil and gas assets.
There is no specific expected target value for an Acquisition, although it is likely that the Company will be targeting an Acquisition in the range of £1 million to £5 million within a 12 month timescale from Admission. The Company's intention is to acquire control of a business which would then constitute a Reverse Takeover under the Listing Rules.
The Board comprises Kurt Portmann, Jeremy King and Alberto Cattaruzza who collectively have a proven track record of fundrasing for listed entities, and extensive experience and contacts within the oil and gas sectors. All director biographies are listed below.
Defined terms in this announcement which are not defined herein shall have the same meanings as in the Prospectus.

[liquid millionaire] 10/11/2015 09:21

Agree alexios1201 ref: SENs multi bagger potential!

[liquid millionaire] 10/11/2015 09:19

Agree mikeh30 ref: SENs extremely low valuation.

[alexios1201] 10/11/2015 09:15

Multibagger in the making

[mikeh30] 10/11/2015 09:15

LM-This looks much better value than UPLSILF looks ok too.LIFE is still sub cash

[liquid millionaire] 10/11/2015 07:55

SEN IPO this morning - one to watch!

[liquid millionaire] 10/11/2015 07:50

SENTERRA....the cheapest listed shell?!?!? (SEN)

[liquid millionaire] 10/11/2015 07:45

Senterra Energy plc ("Senterra" or "the Company")

Admission to trading on the London Stock Exchange


Senterra Energy plc, a company formed to undertake a single acquisition of a target company or business in the oil and gas sector, is pleased to announce that its entire ordinary share capital will today be admitted to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market ("Admission"). Dealings will commence at 08.00 under the TIDM code "SEN".


Kurt Portmann, Chairman of Senterra, commented:

"We are pleased to have successfully concluded the Admission and firmly believe that current market conditions present compelling opportunities to acquire a cash generative Oil & Gas company with strong upside potential; we look forward to executing the next steps and updating the market as developments unfold".


Highlights:

The Company has been formed to undertake a single Acquisition of a target company or business in the oil and gas sector.

The particular focus will be on companies or assets with both existing production and sufficient development potential to make a significant increase in production, and although all geographic regions will be considered, given the current political and economic situations in the Far East and Russia, the Board consider that it is less likely that these two regions will be able to provide viable opportunities for investment.

In assessing the potential Acquisition, the Board will pay particular attention to the following overriding factors:

· the existence of production providing cash flow for the business;
· strong exploration potential in known oil and gas producing areas
· the quality of the management
· an established track record of developing oil and gas assets.

There is no specific expected target value for an Acquisition, although it is likely that the Company will be targeting an Acquisition in the range of £1 million to £5 million within a 12 month timescale from Admission. The Company's intention is to acquire control of a business which would then constitute a Reverse Takeover under the Listing Rules.

The Board comprises Kurt Portmann, Jeremy King and Alberto Cattaruzza who collectively have a proven track record of fundrasing for listed entities, and extensive experience and contacts within the oil and gas sectors. All director biographies are listed below.

Defined terms in this announcement which are not defined herein shall have the same meanings as in the Prospectus.

[kir] 12/11/2012 12:57

Had a funny phone call from someone today. A company is interested in purchasing the IP - hence my shares.

It has been so long that I can hardly remember this company. Whatever I had in it has been written off and I do not seem to have any record of it.

Anyone heard anything?

[ponty] 01/9/2005 11:18

I lost 12k on brokers recommendatdation, they had a very good story

[pictureframe] 01/9/2005 08:49

Well Manangement finally ran the cash out

[ponty] 06/6/2005 11:52

lost 12k on this share listning to management and brokers spin

[juliehaylett] 20/5/2005 08:19

RHPS again say Buy.

[wild bill] 05/5/2005 12:13

quiet in here

[juliehaylett] 24/4/2005 07:59

RHPS
PETARDS (PEG): Petards, which is on my Watch
list, will announce results on 19 May. It
has said that these will be in line with
expectations, which have been set by broker
Collins Stewart. These are for a pre-tax
profit of £1.3m this year, followed by £2.0m
for 2006.

Given the extent of Petard's recent losses,
it is unlikely to have to pay any tax for a
while, so with 622m shares in issue, and
assuming that directors exercise their
options over a further 48m shares, these
forecasts imply earnings per share of 0.19p
and 0.30p, respectively.

There is every sign that Petards is getting
its act together. It operates in the
promising area of security and, with the
shares on such a low rating, I am moving
them from the Watch list into the RHPS
portfolio. I am setting a buy limit of 1.6p
and a target of 2.5p. BUY.

[ponty] 22/4/2005 00:30

to help sell 400,000,000 + shares still left in mm hands at 1p each

[juliehaylett] 21/4/2005 19:05

RHPS has put a buy note out on this share.

[juliehaylett] 09/4/2005 09:57

RHPS - still have this share on their watch list.

[dexdringle] 18/2/2005 13:23

Yes ponty. It's terrible. I think we small shareholders should have a whip round and start a charity cash pot for the poor old directors who are really up against it..........

[ponty] 17/2/2005 12:57

they still have 500,000,000 shares to sell at 60% profit,held over 1 month must be a strain

[dexdringle] 17/2/2005 12:40

Tosh74 - but that would mean all the insiders who recently filled their boots with virtual freebie shares at 1p each would have lost out and we couldn't have that now could we...........