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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Silvermere Eng | SLME | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.875 | 1.875 |
| Top Posts |
|---|
Posted at 28/7/2014 00:17 by the stigologist BE WARNEDAndy Morrison the serial failure who crushed XTR and SLME is coming back... with his new Company Zeta Petroleum from the Bio on the Zeta Petroleum you would almost not even know how much shareholder value he destroyed at XTR and SLME Andy Morrison Chief Executive Officer Andy Morrison has substantial experience in the oil and gas sector having worked with a number of major energy companies for over 30 years including Shell International Petroleum Company Ltd ('Shell') which saw him, amongst other achievements, devise and execute a marketing strategy and build a local management team for Shell to enter the Chinese domestic consumer market for oil products, as well as BG Group where he brought expertise in leading major business development projects and was promptly promoted to Head of Corporate Strategy. Andy has held Chief Executive roles at Xtract Energy plc, an AIM quoted energy company, Silvermere Energy plc, which he saw through asset acquisition, AIM admission and into first production in the US and cashflow. Andy has a BSc (1st Class) in Chemical Engineering and Fuel Technology from the University of Sheffield. |
Posted at 21/8/2013 07:59 by swizz TERN - What was SLME......GL SRNS Number : 1025M AIM 21 August 2013 NOTICE 21/08/2013 7:30am RESTORATION OF TRADING ON AIM TERN PLC The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 21/08/2013 7:30am, an announcement having been made. Ordinary Shares of 0.001p each, fully paid, (B606VT5)(GB00B606VT If you have any queries relating to the above, please contact the company's nominated adviser on 0117 945 3471. This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 13/8/2013 12:14 by rajaster looks like slme no more.. change of name ..giving away mustang and becoming a cloud services company.. one to add to short list. |
Posted at 19/6/2013 04:43 by colva Sadly, I don't see any way that they can dig themselves out of this hole , it looks likely that the asset will be auctioned off and SLME have no control of the process or the price, with debts nearing 1m GBP that will have to be paid off, I don't see anything being left in the kitty for shareholders. |
Posted at 10/5/2013 00:26 by ih_393528 I cannot argue against your statistics. What you say makese sense.On the other hand the SLME debacle could have been avoided with pro active management and upstream experience. Not one person on the B of D had ever drilled, tested or completed an oil & gas well. Secondly, you cannot run US assets from an office in London. There are a wealth of opportunities in the onshore US domestic market. SLME were looking at opportunities in Mexico ! Clearly, sovereign and country risk mean nothing. This could have been avoided and along with not disclosing material issues with the company's finances. Plus, an overpaid CEO and Chairman the AIM compliance people need to take some serious action. |
Posted at 30/4/2013 20:07 by ih_393528 I absolutely disagree. Dominion are the operator, and SLME signed the Joint Operating Agreement (JOA). In turn, should payments not be made then the interest is lost. Based on experience it is as black and white as that. The delays have nothing to do with SLME not paying their portion of the Joint Interest Billing (JIB's). What you state is possible but certainly not probable, and given that SLME have, contrary to what Morrison states, a poor relationship with the operator Dominion highly unlikely. Let us also not forget that Morrison did not disclose to the market the financial state of SLME, and the fact that the stock has not been suspended is truly amazing and an enormous blow to the supposedly tight UK regulatory system. Anticipate legal action very shortly on several fronts. This is a mess which was poorly handled by an indolent and over paid B of D who have done nothing to build either the asset base or indeed cash flow via acquisition or JV opportunities in a growth market in the USA. Not least the company should have moved ahead with onshore acquisitions in order to diversify the asset base. You cannot run US assets from an office in Mayfair, and combined with no upstream experience this is the net result. |
Posted at 25/4/2013 15:14 by ih_393528 My understanding is that the B of D of SLME have been served notice of impending legal action against the Company and the Board members individually in the USA. Why no RNS ? What has the NOMAD about disclosure of material facts to the market ? This is an absolute disgrace. It appears that Moxon and Morrison think they are immune to the rules and regulations that apply to all others. Based on timing of the Lawyers intent to file against SLME and the B of D I would expect full legal documents in place next week. |
Posted at 22/4/2013 15:37 by ih_393528 Some interesting comments. At the end of the day the vendors of the asset, Black Cat and Mustang have an enormously strong case against SLME. Equally, they have backing, it appears the B of D of SLME do not have City support. If they did this matter would be resolved by this stage.This issue will get very ugly and the stock will probably be suspended pending legal and compliance investigation. There is little doubt that Morrison is both incompetent and dishonest, a lethal combination. He has without doubt mislead the market as to SLME 's overall position financially and with the status of the I-1 well. He deserves to go down, and if fraud charges are filed against him in Texas he will have very serious issues to deal with both corporately and individually. Say what you may about Mason, at least he drills and completes decent wells and had the sense not to buy SLME warrants way out of the money with a management team that was not worthy of backing. |
Posted at 20/4/2013 12:09 by showmethemoney123 Disgracefully still no clarification of their financial position. Insofar as I understand it: - the operator says Silvermere owes (at least) $225,351 through Feb 2013 JIB statement (this takes no account of work subsequent to that date or the workover announced on Monday). - the previous executive management of SLME have confirmed the vendors of the asset's understanding that they were to be carried to cash flow. - a creditor of £90k of the £750,000 outstanding has not been approached at all by SLME and will, now accordingly, not accept any rescheduling of the debt, preferring to take their chances in a liquidation and pursuing the individual directors for trading whilst insolvent. |
Posted at 25/1/2013 09:54 by showmethemoney123 Another sell signal? SLME seems to drop whenever he presents...Silvermere Energy Plc to present at London Investor Evening 25 January 2013 | 09:27am StockMarketWire.com - Andy Morrison, CEO of Silvermere Energy (SLME) [LON:SLME] the oil and gas exploration and development company focused on opportunities in North America, will be presenting at the Shares Magazine Investor Evening in London on 28th February 2013. The event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also for investors to put questions to senior management of the companies presenting : Northcote Energy [LON:NCT], Ortac Resources[LON:OTC], Silvermere Energy [LON:SLME] and Sound Oil [LON:SOU]. More details at |
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