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TQN Tarquin

13.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tarquin TQN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 13.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
13.00 13.00
more quote information »

Tarquin Resources TQN Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

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Posted at 09/2/2006 13:25 by heidigynne
Tarquin Resources PLC
09 February 2006

Tarquin Resources plc

9 February 2006
RESULTS OF EXTRAORDINARY GENERAL MEETING

The Board of Tarquin Resources plc (AIM : TQN) announces that all resolutions
put to shareholders at today's extraordinary general meeting were approved.
In particular, this includes the resolution to approve the consolidation of the
Company's share capital on the basis on one new ordinary share for every 15
held.
Application has been made for the new ordinary shares to be admitted to trading
on AIM, which is expected to take place tomorrow 10 February 2006. It is
expected that CREST accounts will be credited on that date and replacement share
certificates will be posted shortly.

For further information:

Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400

Yve White Tarquin Resources plc Tel: 020 7514 1480
Posted at 30/1/2006 14:35 by jwoody1971
things starting to move again here!
Posted at 20/11/2005 10:21 by uranium king
Can't see TQN selling it's shares in MXP, but the press are usually right with rumours of that nature.

I've got a feeling that TQN might invest in UOX's next deal. UOX stated in their last update that they are close to doing a gas/oil deal in Kazakhstan, which is the type of investment TQN are looking for and of course theres the Director connection.

So maybe they will sell and get a bigger % of another project. Just a thought.

2+2=5???? maybe

BTW. I own shares in TQN, UOX and MXP.
Posted at 19/11/2005 12:36 by trevor1959
Anyone any comments about The Times' piece suggesting that TQN had actually sold its holding in MXP in the past couple of weeks? If TQN held 1.2% of MXP they wouldn't need to notify any increase or decrease of their holding.
Can't find any RNSs on the subject either.
Posted at 20/9/2005 21:47 by telecomstrader
i hear max was substantially over subscribed and will fly. great news for tqn
Posted at 01/7/2005 07:09 by pomp circumstance
CHAIRMAN'S STATEMENT

for the year ended 31 December 2004

This financial year saw the Company transition from the failed commercialisation
of its QuikTrak spectrum tracking technology business into the natural resources
sector.

The Company's wholly owned subsidiary, QuikTrak Telecommunications (UK) Ltd was
placed into Administration on 23 August 2004. The Company incurred a loss for
this financial year of #2,648,472 (2003: #1,801,001) which included a loss on
the loan write off to QuikTrak Telecommunications (UK) Limited of #2,586,663
(2003: #1,400,000).

The Company announced its change of strategy to the market on 26 January 2005
and raised new equity of #800,000 in July 2004 to finance the move into the
natural resource sector. A further #622,000 of new equity was raised in February
2005. The Company's name was changed to Tarquin Resources plc on 28 February
2005, reflecting the change of direction.

The new strategy will encompass direct investment in exploration and operating
businesses, together with short-term investments within the natural resources
sector.

During the financial year, the Company has successfully identified short-term
resource investments, resulting in profits of #187,639 on a turnover of
#325,076.

Since the year end, pursuant to the new strategy, the Company has made its first
investment of #500,000 pre-IPO in a company to list in the UK, to explore Oil
and Gas assets in Kazakhstan.

I am confident that the Company's new direction under experienced management
offers considerable opportunity to create significant value for our
shareholders.


Chris Kyriakou
Chairman

29 June 2005



TARQUIN RESOURCES PLC Group Financial Statements 2





REPORT OF THE DIRECTORS

for the year ended 31 December 2004

The directors present their report together with the audited group financial
statements for the year ended 31 December 2004.

Principal activities and review of the business

The Company's principal subsidiary, QuikTrak Telecommunications (UK) Ltd was put
into Administration on 23 August 2004, until which date the Company's principal
activity was that of a holding company together with the provision of management
services to its subsidiaries.

The principal activity of QuikTrak Telecommunications (UK) Ltd was
commercialising spectrum tracking technology. The principal activity of QuikTrak
(UK) Ltd was to hold a public mobile operator licence and a Telecommunications
Act Licence issued by the Secretary of Trade and Industry (now expired).

In August 2004 the Company's principal activity changed to the development,
exploration and operation of businesses in the natural resources sectors through
strategic investments.

On 28 February 2005 the company changed its name from QuikTrak Networks Plc to
Tarquin Resources Plc.

Future Developments

In April 2005, the Company acquired a minority stake for an investment of
#500,000 in a UK company to explore Oil and Gas assets in Kazakhstan.

Results and dividends

The loss for the year on ordinary activities before tax amounted to #2,664,206
(2003 - 18 months: #6,966,301). The directors do not recommend the payment of a
dividend.

Share capital

Details of the share capital are given in note 17 to the financial statements.

Events since the balance sheet date

The Company raised #622,000 in February 2005 through placing new ordinary
shares.

As set out under 'Future Developments', the Company has acquired an interest in
the Oil and Gas sector.

Directors and their interests

The directors who served during the year and their interests in the company's
Ordinary Shares were as follows:

1p Ordinary Shares
Appointed Resigned 31 December 2004 31 December 2003

C Kyriakou* 18,274,513 8,382,723
C de Chezelles 265,683 100,000
B Parritt 682,825 66,158
J Scott 23 February 2005 998,334 15,000
J Landels* 5 January 2004 - 6,382,357
E Van Alphen 27 May 2004 5,322 -
R Shakesby 23 February 2005 - -



TARQUIN RESOURCES PLC Group Financial Statements 3




REPORT OF THE DIRECTORS (continued)

for the year ended 31 December 2004


Directors and their interests (continued)

In 2005 the directors acquired the following additional shares:

C Kyriakou * 18,900,000
C de Chezelles 6,666,666
B Parritt 133,333

* C Kyriakou and J Landels are both directors of Investika Limited (a
substantial shareholder). J Landels holds shares and executive share options in
Investika Limited. C Kyriakou's family trust holds shares and executive share
options in Investika Limited. The shares owned by Investika in the company's
share capital have been included in each Messrs Kyriakou and Landels' interests.

Options granted to directors and existing at 31 December 2003 were cancelled in
March 2004 and replaced by the following:

Number Exercise Expiry
Price Date

C Kyriakou 2,700,000 25p per share 7 March 2009
C de Chezelles 150,000 25p per share 7 March 2009
B Parritt 150,000 25p per share 7 March 2009
J Scott 150,000 25p per share 7 March 2009
E Van Alphen 200,000 25p per share 7 March 2009


Substantial shareholdings

On 31 December 2004 the following shareholders held 3% or more of the issued
share capital of the company.

No. of Ordinary Percentage issued
Shares Ordinary Shares

Investika Limited 18,106,013 15.5%
Damelian Automobile Limited 5,935,483 5.2%
Pershing Keen Nominees Limited 12,000,000 10.3%


Corporate Governance

As QuikTrak Networks Plc is not a fully listed company, it is not required to
comply with the Code of Best Practice published by the Committee on the
Financial Aspects of Corporate Governance ("the Combined Code"). However, the
directors do place a high degree of importance on ensuring that high standards
of corporate governance are maintained. As a result, most of the relevant
principles set out in the Combined Code have been adopted during the period and
these are summarised below.

Directors

The company supports the concept of an effective Board leading and controlling
the company. The Board is responsible for approving the company's policy and
strategy. It meets frequently and receives and reviews on a timely basis
financial and operating information appropriate to being able to discharge its
duties. Directors are free to seek any further information they consider
necessary. All directors submit themselves for re-election every three years by
rotation in accordance with the Articles of Association. Given the size of the
company it is not considered appropriate that there should be a separate
nomination committee. It is the view of the Board that the appointment of new
directors should be a matter for consideration by the Board as a whole. All
appointments to the Board are subject to confirmation by shareholders at the
following AGM.


more here
Posted at 20/6/2005 21:36 by dell314
telecomstrader - LOL!

I believe that TQN have previously reported remaining cash and assets of £850k and then placed stock to raise an additional £622k.

This adds up to c. £1.47mln and clearly isn't all cash.

Unless I've made a glaring error, current mkt cap appears to be c.£1.97mln your statement above would appear to be garbage.

Rgds
dell

All IMHO, DYOR etc.
Posted at 21/3/2005 21:23 by istykhan
anybody out there with any views on TQN,not many shares in issue either only
about 157.45 MILLION so a bit of interest in this could soon see it move either
way depending on any news !!!!!!!!!!!!!!!!!!!!
Chris Kyriakou holds 27.3 MILLION so that only leaves 130.15 MILLION,hopefully
because of the cash pile we will start attracting some BUYERS soon and see some
movement NORTHWARDS ???????????????????????
Posted at 14/3/2005 16:44 by istykhan
after MNT's fall today it might be worth TQN investing into them to make a quick profit,any views anyone ?????????????????????
Posted at 13/3/2005 18:19 by istykhan
anyone know where TQN have invested any of their funds ???????????

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