Springfield Properties Share Discussion Threads

[ryan83] 19/11/2014 10:09

well, they were going to buy into KOG plc, the last RNS alludes to other deals!

[share_cruise] 12/11/2014 14:02

any idea of the new investing strategy pending the disposal?

[ryan83] 31/10/2014 08:59

a few buys this morning!

[ryan83] 23/10/2014 17:40

update soon?

Capped at £1m

£174k cash at June 2014

Raised £400k at 3p (current sp)

Invested £150k in

hxxp://www.kogplc.com/#&panel1-1
[
for 4% of

The estimated cost of extraction, including the cost of power and transportation is estimated at $10 per barrel.

Based on the spot market value of crude in the Illinois Basin of $80.75 (April 2013) and on the assumption that there are no issues which impact on a successful extraction, the combined present value for primary recovery for P1 and F2 is estimated by KOG to be $136,629,770 ($24,765,025 P1 Corniferous; $111,864,745 F2 Corniferous and Salem-Warsaw).

The P1 Lease
P1(G1 Area) covers an area of approximately 50 hectares (120 acres) and is situated adjacent to an area with proven production where drilling had taken place in the 1980s and had hit wells producing a total of 415BPD. However in the 1980s the market price of oil was only $8 per barrel versus production costs of $12 per barrel; as a result the drilling companies were losing $1,640 per day which proved to be unsustainable and the wells were abandoned.

KOG has obtained a competent persons report ("CRP") which estimates reserves of 1,372,573 barrels for P1. The CRP was produced by Michael T May, PhD Registered Professional Geologist (KY 2342), and Professor of Geology in the Department of Geography and Geology at Western Kentucky University (CPR dated April 2013).

Today, at a conservative price of $80 per barrel, that 415 BPD production would yield approx. $33,200 per day or $1.3 million per month

so thats $15.6m revenue per year, $624,000 to SPR revenue, $546,000 profit to SPR (£333,000)
interestingly, KOG produce 300 BOPD already, the £150k from SPR is for a second well. If they can get 700 BOPD from the two wells thats almost £700k profit to SPR per annum.

Then they have around £400k in cash aswell.
only 33m shares

"A further announcement will be made in relation to the Company's proposed investment in KOG, setting out the full details required under Schedule 4 of the AIM Rules for Companies, following completion of the proposed investment."

That was 23 Sept
reminiscient of DOR going from 0.05p to 0.25p?

They also are to dispose of the current business >>>> how much for (if anything)?

NOte also

The Knox Formation
The Knox Formation is much deeper than both the Corniferous and Salem-Warsaw formations, starting at approx. 4,000 plus feet, and has the potential for massive production and has generated proven reserves further east but has never been tested in this area.

KOG is considering acquiring drilling rights in relation to the Knox Formation in the future.

The principals of KOG plc are veterans and

R C Rodgers has been joint owner, part owner and sole owner of projects including, the Olinger well which was the number one Murfreesboro well in the state of Kentucky for two years, the Block lease had high-rank

[hedgehog 100] 18/10/2014 19:32

Please note the following thread which may be of interest:

"THE REVERSE TAKEOVERS & SHELLS THREAD (RTO)"

[coolen] 08/10/2014 21:03

Despite recent issues, am I right in thinking the majority of the shares are tightly-held within "house" ?

Reminds me of the way Jim Slater used to get his house stocks flying.

[theshareguru] 08/10/2014 14:52

Note 1m buy today, looks like someone in know, this could be a multi bagger
in the making.

[the stigologist] 23/9/2014 14:45

tomboyb
17 Sep'14 - 16:20 - 329 of 358 0 0

Great thread it is -

Concha a £40million -

SPR - showing a bit of volume -

[juicin drumroll] 23/9/2014 14:25

More likely to be another MDC.

[theshareguru] 23/9/2014 14:02

Just bought in, this could another rose petroleum in the making !

[solarno lopez] 23/9/2014 10:48

the price says it all.

anyone looked at the KOG website ..well worth a look

[juicin drumroll] 23/9/2014 10:47

Anytime a Drummond brother gets involved with a company you are in it's time to sell.

[purple11] 23/9/2014 09:09

another hole in the ground milk job......yawwwwnnnnnnn

[solarno lopez] 29/8/2014 12:32

......That's I read it !!

[solarno lopez] 29/8/2014 11:37

What another correction more corrections and they will run out of tippex

Take the scenario .....get cheap shares on a placing that private investors cannot apply for ...then sell at a significant profit.......

[solarno lopez] 08/8/2014 06:40

Talk about lining your own pocket.....this latest announcement beggars belief

Now read posting 28 how right it was

[juicin drumroll] 07/7/2014 10:33

You can add comments to the Share Prophets article.

hTTp://www.shareprophets.advfn.com/views/6403/shareprophets-tip-of-the-week-buy-ca-sperati-at-a-425p-offer

ShareProphets tip of the week: Buy CA Sperati at a 4.25p offer
By ShareProphets | Sunday 6 July 2014



Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

We spoke to the main man at CA Sperati (SPR) a couple of weeks ago and sense that after months of waiting, the summer could be action packed. This a 156 year old company making buttons and trimmings in a factory in Greenwich London. It recently transferred from the Full list to AIM. The Button business is massively sub scale and not a high growth market – we do not care about buttons.

During the past eight months Jason Drummond and Jonathan Rowland have come on board, a freehold site has been sold and £250,000 raised at 4p. At a 4.25p offer price (the spread is 3.75p– 4.25p) the market cap is c£820,000. We reckon that net cash is c£350,000 to £400,000 there is no debt and Jason Drummond has plans.

Historic results are pretty much irrelevant. The only thing that matters is cash and following the sale of a freehold property and a placing earlier this year net cash is £350,000 to £400,000. Now we come to Drummond and Rowland who own 22% between them. Rowland provides financial clout although Drummond is very wealthy too and he is the key man.

You might associate him with an AIM disaster Media Corp but that was his younger brother in charge. Look back a few more years and you will see that Drummond made stunning returns for shareholders in the dotcom boom. Perhaps more importantly the businesses he established were real business which are still going today, albeit having been sold at the right time.

Drummond and he knows the technology/new media and e-commerce sector well. We know this sector is back in vogue but Drummond is not going to be rushed into a deal. Having said that we know some investors have grown bored waiting for him to act. That is a mistake, we sense that he is now ready to strike and that will transform Sperati.

There are risks: Tech stocks might tank. Drummond might not find a deal or do a bad one. But we have faith in the man. He has an excellent track record and he and Rowland have skin in the game. They are not there just to double their money. We think that the summer months will be exciting ones for Sperati and the shares are a buy at up to 5.5p with an initial target share price of 12p.