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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
White Nile | LSE:WNL | London | Ordinary Share | GB00B05MGT12 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.43 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
09/11/2008 16:11 | Ed and 8Trader, you are both so amuzing. So they suspend shares whilst they sort out RTO and they come back at 10p, Im going to be really bothered arent I that I have to wait 4-6 months to get a 1000% profit return on my investment... Wallys.!!!! | topinfo | |
09/11/2008 14:17 | wskill its required to spend that amount either way. So that cash pile has to go towards that. That's what i meant by being ring fenced - they need that cash for exploration and development as its pre-requisite for the PSA. $14m cash will have to go towards that... and that cash will already be being burnt starting from October this year. | ed winchester | |
09/11/2008 13:52 | Talking of Ethiopia, Edmonds would do well to joint-venture with this lot: Calvalley Signs First Production Sharing Contract in Ethiopia Calvalley Petroleum Inc., (TSX: CVI.A) CALGARY, Oct. 20 /CNW/ - Calvalley Petroleum Inc. (the "Company" or "Calvalley") is pleased to announce that it has entered into its first Production Sharing Contract ("PSC") with the Ethiopian Government for the exploration, development and production of petroleum resources in the Gimbi and Metema blocks under a single contract covering a total area of over 46,470 square kilometers (11.5 million acres). Both blocks are located in the western part of the country, adjacent to the Sudan border. The Gimbi block, covering an area of 20,457 square kilometers (5.1 million acres), is located on the northeastern flank of the Gambela Basin, which borders Sudan on the west. The Gambela Basin is contiguous with the Melut Basin which is very prolific in Sudan. The Gambela Basin is part of the Central African rift system and is still in the early stages of exploration. The Central African rift system is a series of Cretaceous to Tertiary-aged failed rifts that trend across Central Africa from the Benue Trough in Nigeria, through Chad, into Sudan. These fault-bounded basins, generally trending northwest-southeast, contain marine sediments reaching thicknesses of six to ten kilometers. | andrbea | |
09/11/2008 13:34 | Ed the $14 must be spent over 4 years as below not ringfenced Under the PSA, the Government of Ethiopia has granted the sole right to White Nile to explore, develop and produce petroleum in the contract area. There is an initial Exploration Period of four years from the date of execution, and a Development Period and Production Period of 25 years from the date of adoption of the development plan. During the initial Exploration Period, White Nile is required to make a minimum expenditure of $6,000,000 for seismic operations and a minimum expenditure of $8,000,000 for drilling operations. White Nile plans to begin seismic operations in Q4 2008 prior to which it will conduct extensive geological field work and preparation for the geophysical programme. | wskill | |
09/11/2008 13:26 | Top posts Ed, the rose tinted pump and dump brigade will just ignore them and carry on ramping though. | 8trader | |
09/11/2008 13:22 | And as I have already said, if the FT snippet is true, the shares will have to be suspended as any sort of RTO requires suspension of shares. So your money will be tied up for a long while until the RTO is sorted out. | ed winchester | |
09/11/2008 13:21 | wskill that cash is ring fenced. You can only attribute cash to price/share if that cash isnt doing anything and is surplus. WNL's cash is not surplus. Not saying its a buy or a sell. But its not right to attribute the cash to the share when its blatantly obvious that those cash levels will eventually dwindle down to around £1.25m very soon. As for assets... they are worth little until it produces cash flow. Take a look at the so many AIM minnows, they claim to have so many acreages yet the market is tired of them. The oil bubble has been well and truely burst (as WNL share shows quite clearly) - the market will now only place real value on companies that produce good cash flow... even then they arent properly valued. So many sound and solid cash producing oil plays that have been battered and still lowly valued - so very hard to see WNL being given any sort of inflated value as it has yet to prove assets that produce any sort of cash flow. There is also the propsect of further dilution as sooner or later WNL will need further funding in order exploit all their assets. You cant do diddly with just £1.25m. | ed winchester | |
09/11/2008 12:58 | Ed that means they still have the $14 in cash + £1.25m and the oil assets ,all for 1.3p it still looks good to me and I will add to my holding on Monday LOL | wskill | |
09/11/2008 12:57 | I suspect WNL will not be going for CAMEC's assets; this is an oil play, not coal. It is not easy to predict what Groves and Edmonds will do with their companies. All I can say, is that you are usually taken by surprise! | topvest | |
09/11/2008 12:32 | more importantly, if a RTO is in the offing, the shares will be suspended forthwith and could remain suspended for months. | ed winchester | |
09/11/2008 12:28 | Ed. You are not allowed to post facts that might damage the pump and dump on this thread :-)) | 8trader | |
09/11/2008 12:24 | wskill as at 31st December 2007 they had £11m cash : however since then they've spent nearly £1m of that acquiring PA Energy. that leaves then with £10m however if you read this RNS 16 Jan 2008 that PSA requires minimum expenditure of $14m. So that leaves them with £1.25m | ed winchester | |
09/11/2008 11:00 | jabba3 - 9 Nov'08 - 09:09 - 3324 of 3325 (Filtered) And 5shake is a alias of gm2 so beware the bad language and ramping read for the dump tomorrow. | 8trader | |
09/11/2008 09:43 | Good morning Cash and cash equivalents at end of period 16,729 from int statement Surely we should be looking at what price WNL will open at seeing it had £16.7m on 31/12/08 now the number of shares in issue will half after the AGM so if they have £12m left cash per share is around 8p plus oil assets in for free LOL to all holders wskill | wskill | |
09/11/2008 08:48 | FROM CFM THREAD | 5hake | |
09/11/2008 08:47 | The company said it halted plans to divest its coal assets in Mozambique and South Africa into a separately listed company, as it believed the move was not appropriate in the current market, but it was reviewing all options THIS IS THINK WILL BE WITH WNL | 5hake | |
09/11/2008 08:42 | This EGM is indeed an interesting move. The company will reduce the number of shares from 347m to 192m, so at a penny the company will be worth just £2m. Directors' interests will increase from 8.7% to nearly 16%. Sudan has undoubtedly not yet come off, and maybe never will. However, the EGM this week is an opportunity to clear the decks. If the directors have a plan, and I'd be surprised if they didn't, then presumably they want to ensure that Nile Petroleum Corp do not benefit from their shareholding of 155m shares until they deliver the goods in Sudan. All very clever, but I do tend to agree that this could get very interesting post EGM, even in these difficult times for junior oilers. One thing is for sure Edmonds and Groves always have something up their sleeves. On the basis that their sleeves are not empty...prepare to be surprised! | topvest | |
08/11/2008 23:42 | 8Trader you call me a liar just look at your posts, you claim every company will go bust if youre not in it. I cant wait for this to multibag this week and then we wont see you for dust you Weirdo Stalking Freak.!!!! | topinfo | |
08/11/2008 23:30 | By the way 8Trader I dont think this will be 350p by Friday, 10p maybe.!!! | topinfo | |
08/11/2008 23:27 | I dont have to justify myself to you of all people. I took my profits in RXP as I had made losses elsewhere, its what this game is all about. I do think RXP will go back to 20p and have not changed my stance there, but to make money you have to continually change your portfolio as various things change. You cant buy every stock or keep every stock at any one time unless of course money is no object. I recently had to part with over 90K for my R8 so only have 30K left on shares and its all tied up in different shares and none left now for RXP. Does that answer your question.!!! | topinfo | |
08/11/2008 23:10 | By the end of the night your usual pump and dumping will have this stock at 350p a share by Friday. Bit like Rxp where you ramped it none stop with 20p+ posts then stupidly returned to the thread to boast of your profits when you dumped below 6p ! | 8trader | |
08/11/2008 23:08 | 8Trader dont you wish you listened now and had bought some of these. What you going to say to us when they are 8-10p minimum.?? | topinfo | |
08/11/2008 23:05 | Does anybody actually know that GM2 and 5shake are the same person ? Look at the language and the lack of grammar for starters :-)) | 8trader |
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