Velocity Composites Share Discussion Threads

[dreggspicker] 08/5/2013 08:30

News out on VEL;

clink on the top link for news and charts, for the full one, I recon we are going to drill these 2 wells on our own first before farming, lets just hope we don't get too diluted at this early stage...........

dreggs


"Vanoil Announces Offering of Common Shares
Print
Alert
NOT FOR RELEASE, PUBLICATION OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE
TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES
LAWS


Vanoil Energy Ltd. (TSX VENTURE:VEL), an oil and gas company with a portfolio of
assets in East Africa ("Vanoil" or the "Company") has filed with, and obtained
receipt for, a preliminary short form prospectus from the securities regulatory
authorities in British Columbia, Alberta and Ontario (the "Qualifying
Provinces") in connection with a marketed offering (the "Offering") of common
shares. The Offering will also be made in such other jurisdictions outside of
Canada where the Offering can be completed on a private-placement basis, exempt
from any prospectus, registration or other similar requirements.


The Offering will be led by GMP Securities L.P. ("GMP") and will be conducted on
a best efforts agency basis. The final terms of the Offering, including size and
price, will be determined in the context of the market, and the net proceeds
will be primarily used to fund Vanoil's previously announced 2013 two-well drill
program in Kenya commencing in July of this year. Vanoil has concurrently
launched a farm-out process to find a suitable partner for its 100%-owned blocks
3A and 3B in the South Anza Basin, onshore Kenya, where the wells are being
drilled, and the Company has an active work programme in place on its other East
African licences, with two seismic surveys completed recently and two further
wells to be drilled in 2014.


The Offering is subject to customary conditions and the receipt of required
regulatory approvals, including the approval of the TSX Venture Exchange. The
Offering is scheduled to close on or about June 3rd, 2013, or such other date as
the Company and GMP may agree."

[dropside] 04/5/2013 22:22

A clip from the link:

.....Heading north to south down the east coast of Kenya, Africa Oil is active in Block 9, then Taipan in the middle in Block 2B and junior Vanoil [VEL:CA] is also set to spud its first well on Block 3A to the immediate south of Block 2B.

Much like Africa Oil's Paipai-1 well located on Block 10A, Vanoil's well will be specifically targeting cretaceous rock. Located at a deeper depth, the cretaceous presents a higher-pressure zone that Vanoil says is in the oil window. These predictions come from the positive results that Paipai delivered, which encountered 55m thick hydrocarbon shows.

Both Taipan and Vanoil are set to benefit from planned infrastructure in the play. Vanoil already has plenty of roads crisscrossing its block, but for both companies the biggest benefit is that of proposed pipelines that come through their vicinity.

"There are a number of pipeline routes that are under discussion right now, but the ones that are the most likely are about 175 kilometers to the south of our block," says Zive, as the Taipan team postures itself for future production. "But either way, even without a pipeline being built, we can truck oil out when the time comes after a potential discovery."

Before either junior realizes its commercial potential, many eyes will be on the neighboring projects of Africa Oil and its partners. Investors from the United States will especially be intrigued by the projects involving Marathon, as it would be the first US-based Kenyan oil success story.

The landscape of Kenya's oil story is set to make a big change, with several near term catalysts. The opportunity window for juniors in the region is closing fast, and the potential is about to be realized. It's going to be an exciting six months.

[dreggspicker] 04/5/2013 20:57

I notice there has been quite a few visitors according to the flag counter, please feel free to add to the debate/salivation, even if it is just to say hi!

[dreggspicker] 04/5/2013 20:38

Thanks dropside,Sounds good,looks good,

Here is the map of the area from the link;
We are of course 3a3b, but really it is all about 3a;

Should be 2 spuds this year; Question is are we going to farm out before or after the first well ???

Do we feel lucky enough to do it after the first?

[dropside] 04/5/2013 19:47

Several mentions of Vanoil in this piece. Exciting stuff.

[dreggspicker] 04/5/2013 08:48

vel ended the doy at 29-30 down 10%, which is all meaningless when then spread changes like the tide.........

[dropside] 03/5/2013 18:50

dreggs, nope my buy was at 12.5p, someone nipped in at 8:00 and bagged 11.9p. Good luck to whoever it was.

They are worth buying at these levels even as an arbitrage of 0.8 of a Vanoil share plus warrants IMHO.

[dreggspicker] 03/5/2013 15:59

and we get the warrants do not forget;;;;;;;;;;;;;;;; just need news...

[dreggspicker] 03/5/2013 15:57

drops,
I have done the same, you got the better price yuo must have pressed the button bang on 8am, I am a slow coach.... :+{

[dreggspicker] 03/5/2013 15:51

oh that did not paste right!! any way it says 35 - 46.5 with only 2700 traded ....

[dreggspicker] 03/5/2013 15:49

mighty big quoted spread;


TSXV Chg % Curr Bid Offer High Low Open Volume Lst.Trd Trd.Vol Traded Flags RN Memo

VEL
Vanoil Energy Ltd
0.02
6.1%
0.35
0.35
0.465
0.35
0.35
0.35
2,700
0.35
2,000
14:55:55

[dropside] 03/5/2013 09:06

Very cheap to buy now. Had to have a few this morning.

[dreggspicker] 02/5/2013 18:47

Fluormin has ended the day with a savage 22% drop, on 21k shares, quite mad, 9-12p now.....

[dropside] 02/5/2013 09:12

The heavy selling has restarted this morning, big sale of £13 then £52. Where will it end?

[dropside] 02/5/2013 09:06

No just a bit mad - I already have a stack of these :-)

[dreggspicker] 02/5/2013 08:49

oooohhhh, you are a tease..... ;+)

[dropside] 02/5/2013 08:47

Hi dreggs, 19th May is last day of trading on AIM. If the price continues to be weak, I may just have to have a few more prior to the close.

[dreggspicker] 02/5/2013 08:23

hi dropside, yeah, sells of around £3900 for the whole day is a mass sell!!!!
It is a ball ache though..........
It does make you wonder what price they will be on the last day of Fluormin trading, the 15th may? not checked the calender....

[dropside] 02/5/2013 08:10

Certainly not me selling, I am holding on tight. The price has slid on very small volume - at least until yesterday. I think people get nervous when they see the price falling and their wealth trickling away (at least on paper)and get tempted to sell. So the selling can develop a bandwagon effect. Also maybe the 'someone must know something' thought. The psychology works the other way round when a share is rising. It all leads to buy high, sell low!

Just my thoughts anyway, in the end the short term price does not matter unless you are a forced seller. What matters is whether Vanoil find oil in 3A over the next few months! Not forgetting the other licences..

[dreggspicker] 01/5/2013 21:34

With only 1500 Fluormin share votes against the deal, I am amazed why anyone would be selling at this level, down we go again, 13 - 16p .......

[dreggspicker] 30/4/2013 13:44

re-done the flag counter as it was not set up quite right....

[dreggspicker] 29/4/2013 14:07

Recon Aaron is right for us???

from Bloomberg;

nvesting.businessweek.com/research/stocks/people/person.asp?personId=145256636&ticker=VEL:CN


" Executive Profile*
Aaron D'Este
Chief Executive Officer, President and Director, Vanoil Energy Ltd.
Age Total Calculated Compensation This person is connected to 5 board members in 1 different organizations across 2 different industries.

See Board Relationships
-- --
Background*
Mr. Aaron D'Este has been President and Chief Executive Officer of Vanoil Energy Ltd since September 21, 2012. Mr. D'Este served as Managing Director at Azimuth Ltd, which he co-founded in 2011. Mr. D'Este acted for a Middle Eastern private bank and he successfully negotiated the acquisition in July 2012 of two significant Kenyan blocks, one onshore and one offshore. He also spent a number of years in the oil services industry with Schlumberger culminating as President of "Slickline". Mr. D'Este was founder of the external investment arm of Petroleum Geo-Services. He was a managed and served as a Principal at Booz Allen Hamilton's private equity business within the energy sector, buying, selling and managing a number of projects for clients. Mr. D'Este has worked in many of the world's significant oil producing regions including Africa, Australia, Thailand, Indonesia, Abu Dhabi, Qatar, Syria, Iraq and Iran. He served at Simmons Parallel Energy, L.P. and Simmons & Company, Private Equity. Mr. D'Este is a highly respected industry professional with an enviable track record across many segments of the oil and gas sector. This includes senior executive and Chief Executive Officer positions in oilfield services, energy investment, mergers and acquisitions and strategic consulting to the oil industry at the highest levels. Mr. D'Este was one of the original foundation investors in Cove Energy Plc with onshore and offshore African holdings acquired by PTT Exploration and Production for almost $2.0 billion. Mr. D'Este acted for a Middle Eastern private bank and he successfully negotiated the acquisition in July 2012 of two significant Kenyan blocks, one onshore and one offshore. Mr. D'Este has a track record across many segments of the oil and gas sector including senior executive and Chief Executive Officer positions in oilfield services, energy investment, mergers and acquisitions and strategic consulting to the oil industry at the highest levels. He has been Director of Vanoil Energy Ltd since September 21, 2012."


I do!

[dreggspicker] 27/4/2013 14:42

I have not said much about the Fluormin last meeting, which was the last one ever, Mark Bolton was in the chair, Brian, sean, at the top table;Al Gourley was in the stalls,also our new leader Aaron D'este, plus others, but I was the only private investor.....

Mark being the CEO did do most of the talking, went through the formalities, and after gave me ample time to ask questions, he and the other board members still have quite alot of shares in Vanoil, and are very keen for the future,even though he and others will be leaving.

Brian a non exe on Fluormin, who is a great character with a wicked sense of humour,will hopefully move over to Vanoil, he has great experience in both mining and oil, he would be a real asset as a non exe, he has offices in Canada and London.

Aaron seemed to be on the ball, and most friendly also very keen to get this first spud underway, he did say we only need 1 good hit to be commercial for us to make money with the proposed Kenyan oil pipe line probably going through 3a block......

They did enquire about being duel listed be were told by the AIM it could not be done automatically, we would need to apply later as we are being taken over by a foreign company..... He did not rule out a listing in the future....
dreggs

[napoleon111] 25/4/2013 11:34

indeed it is, i wouldnt be great at the auld charts :)
will try post what i know on avana when i get a chance, not much out there to be honest, and their old website is gone now!

[dreggspicker] 25/4/2013 11:22

thanks Mr Napoleon, I will try in the next few days to get a chart on show, it is tricky when a canadian stock.....