Woodburne Sq Share Discussion Threads

[jojo_jo] 22/2/2012 10:32

Snapshot of EMPIRE ENERGY CORP INTERNAT. (EEGC)

52 WEEK HIGH
11/9/11 - $0.03
52 WEEK LOW
06/2/11 - $0.0031

MARKET CAP
$8.2M

SHARES OUTSTANDING
412.4M

EEGC Details

Empire Energy Corporation International, through its subsidiary, Great South Land Minerals Limited, engages in the exploration and development of petroleum/natural gas properties in Australia. It principally holds interests in an onshore petroleum license comprising 15,035 square kilometers in Tasmania. The company is headquartered in Leawood, Kansas.


Great South Land Minerals, Ltd. engages in the exploration and production of petroleum products in Australia. Great South Land Minerals, Ltd. was formerly known as Great South Land Minerals Propriety Limited and changed its name in 1998. The company was founded in 1995 and is based in Hobart, Australia. Great South Land Minerals, Ltd. operates as a subsidiary of Empire Energy Corporation International.

[jojo_jo] 22/2/2012 10:12

Good find Mick. Thanks.

Bloomberg Company Overview
The East African Oil & Energy Exploration Company Plc operates in the oil and energy sector with a focus on Africa. The company was formerly known as Cantina Augusto Plc and changed its name to The East African Oil & Energy Exploration Company Plc. on April 28, 2011. The East African Oil & Energy Exploration Company Plc was incorporated in 2006 and is based in London, the United Kingdom. As of January 10, 2012, The East African Oil & Energy Exploration Company Plc operates as a subsidiary of Empire Energy Corporation International.

[mick] 20/2/2012 14:04

Did anyone know that WSAG apparently own shares in The East African Oil & Energy Exploration Company??? Share only purchased in Dec 2011. A pity that the new management are not keeping shareholders informed eg where is the overdue NAV statement?

THE EAST AFRICAN OIL & ENERGY EXPLORATION COMPANY PLC
("East African" or "the Company")

NOTIFICATION OF MAJOR INTEREST IN SHARES

On 18 March 2011 the Company issued Rivington Street Ventures Limited with Loan Notes convertible into
75,000,000 Ordinary Shares of 0.8p each. On the 19 December, the Company received notification that a
majority of the Loan Notes had been reassigned and exercised for 60,000,000 shares to be issued and as a
result, the following parties hold a disclosable interest in the Company:

Bridge Hall Stockbrokers Limited holds 37,595,885 Ordinary Shares representing 29.9% of the new issued
share capital of the Company. Peterhouse Capital Limited holds 11,500,000 Ordinary Shares representing
9.15%. Finally, Woodburne Square AG Plc holds 10,904,115 Ordinary Shares representing 8.67% of the issued
share capital in the Company.

In accordance with the FSA's Disclosure and Transparency Rules, the Board of East African confirms that the
Company now has 125,738,747 shares of 0.8p each in issue carrying voting rights.

The above figure may be used by shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or change to their interest in East African
under the FSA's Disclosure and Transparency Rules.

The Directors of the issuer accept responsibility for this announcement.

[jojo_jo] 17/2/2012 14:26

Just a bit of bedtime reading, while we're waiting on Consmin/GlobalGold/Woodburne (StratMin) to sort themselves out!

Graphene: This miracle material could drive the next tech revolution
By MoneyWeek editor-in-chief Merryn Somerset Webb Feb 10, 2012

There is a holy grail for private investors.

It is getting in early on a technological or resource investment that changes the history of industry. The discovery of DNA, say, or the internal combustion engine.

Of course, those sorts of opportunities don't come along very often.

But a few years ago I started hearing about something that might just fit the bill...
How graphene could change our world

Graphene is a material generated from graphite. And it has some people very excited indeed.

Here's a quote from analysts LarrainVial. "The attributes of graphene – transparence, density, electric and thermal conductivity, elasticity, flexibility, hardness resistance and capacity to generate chemical reactions with other substances – harbour the potential to unleash a new technological revolution of more magnificent proportions than that ushered in by electicity in the 19th century and the rise of the internet in the 1990s."

Graphene could set in motion a new "economic growth spiral", making it the "compound of the 21st century".

So what exactly is graphene and how might it really work? For the science you can read this: What is graphene? But in a nutshell, it's a two rather than three-dimensional carbon material which makes up the basic structural element of graphite and charcoal. Oh, and for those who are worried about Britain's role in global science, it was discovered at the University of Manchester.

The key point is that it is almost unbelievably strong. According to Professor James Hone of Columbia University, 'it would take an elephant balanced on a pencil' to break through a sheet of graphene the thickness of a piece of cling film. Indeed, you might remember articles in 2011 about how it could be used to build an elevator to space.

But while the strength of the material is key, it is its flexibility that is causing the most excitement in the scientific world.

Professor Andre Geim (co-holder of the Nobel Prize for his work on graphene) notes that, in effect, "graphene is not just one material. It is a huge range of materials". So it could be used in the same huge range of products and applications as plastic is at the moment. In theory it could eventually render the use of steels, copper, plastics and possibly even silicon obsolete.

All this said, the major world-changing applications remain theoretical. Yes, huge amounts of resources and time are now being poured into graphene research. The UK government came up with £50m last year, for example.

But so far the main result we can see has been from Samsung: a 25-inch flexible touchscreen using graphene. So it seems the first step in the new world of graphene is to revolutionise the way TV screens are made.

Next up looks likely to be the revolutionising of batteries. Engineers at Chicago's Northwestern University have found that a specially-crafted graphene electrode can allow a lithium-ion battery to store ten times as much power and charge ten times faster – and last longer, too.

-------------------

Worth over 3p/share for our Graphene investment alone.
IMPO/DYOR.

[marab] 14/2/2012 16:55

I did not get any info through the company or MOMAD as I recieved no replies from them, and had to take the more scenic route through the LSE, which does make me wonder if I inadvertently caused that last RNS to be issued.

I did phone the updated number on the last RNS 10 minutes ago but the lady that picked up the phone was unable to answer my query on the major share holder list. I got the impression that she was fielding calls for various companies connected to our Mr Gobind Sahney but he had left the office somewhat earlier in the afternoon. Perhaps some of you lot might like to try your luck tomorrow and see what info you can get. 020 7467 1700.

[engelo] 13/2/2012 23:46

Fwiw from the list of major shareholders:

Stephane Zittoun serves as President and Director General of NP6 SA, a subsidiary of Interactive Prospect Targeting Holdings PLC. Mr. Zittoun serves as Director of Objectif Dunes Organisation, ELP Finances, Askaten, Amoleen Invest and H4M. He served as an Executive Director of Directex Realisations Plc (alternate name: Interactive Prospect Targeting Holdings) from June 2008 to January 226, 2010.

[knowsleyman1] 13/2/2012 21:48

marab Well done, but it is still not correct as Hargreaves Lansdown are showing twice with different amounts and there does not appear to be any difference in the account names.

Are you going to raise this as a query?

[marab] 13/2/2012 17:19

Sometimes complaining emails get you somewhere. The major share holders have been updated on the website.

[jojo_jo] 12/2/2012 23:45

Dear engelo,
Still have all my holding here. I don't intend selling this for a long time. It could be hundreds of times its current value in a few years imo. If it doesn't go silly, I'll be adding tomorrow and/or Tuesday.
Jo.

[gurp] 12/2/2012 20:44

re any concern of dilution from a cheap share issue, hopefully the recent 3.25p issue price sets a precedent, sounded encouraging to me

[engelo] 12/2/2012 14:19

Jo-jo: good to see you back :-). Thought you'd defected to another board (or worse still, sold out!) Your vision of the future getting closer...

[jojo_jo] 12/2/2012 12:45

Hi folks, I've trying to get my head around all the recent goings on and will post my views and reasonings asap.
I find it all very positive and am very happy with these small, but important snippets.
Everything remains (intentionally?) obscure and covert as usual, but I think a lot of our original predictions are beginning to play out.
There won't be much stock around for 'the herd' when all is eventually revealed... March at the very latest (but probably much earlier).

IMPO/DYOR.

[engelo] 12/2/2012 11:28

Going back to the question of dirs controlling 10% of votes, Sahney has personally 14.45 of 4.82% which is only 0.7% . (but reasonably tho he controls the voting of AUM's 4.82% .) Found this link:

Don't know how reliable (still shows T1ps) but no reason to doubt Kiersnowski's holding of 2.36% .

Just supposing that the 10.3% is rounded up from 10.27%, this leaves room for a director holding of 10.27 - 4.82 - 2.36 = 2.99% . Wonder who that could be??

edit: alternatively just noticed JIM nominees holding 3.76% .

[engelo] 12/2/2012 10:57

anointedone: there is a growing confidence here imo that this still obscure shell is headed for something big in natural resources orchestrated by Consmin. This was supported by the low key arrival of Jeff Marvin (presumably now destined for Stratmin's chief exec/investment officer??). But why Sahney? Perhaps his role is to build Stratmin's appropriate co/subco structure along the lines you and marab are suggesting.

[anointedone] 11/2/2012 22:33

I dont think it is wishful thinking, as I had the very same thoughts today.
Exactly that Marab. A holding co.
I'm hoping they would JV the GG into the gold subsidiary.
These sub-cos would raise there own independent finance
And I guess WSAG would take a controlling stake.

But if we were to have say 3 different asset classes and other investments...
Well 'baby glencore' springs to mind. :)

[marab] 11/2/2012 21:54

engelo - be nice if WSAG became a vehicle for investing in distressed debt. I liked the bit in the RNS 'Distinct operating subsidiaries will be created and organized along specific mineral class.' which suggest we may be the holding company for a bigger animal, or is that just wishful thinking.

Re BRDY, the RNS does say 'The Company does not intend at this time to invest in other investment companies.', note it says 'other' rather than 'any' so perhaps they will hold onto the BRDY shares.

So many questions - so little answers but I wonder if we will see some action soon after the next GM.

[engelo] 11/2/2012 15:41

Website: "Alpha Universal Management Plc (AUM) is an investment management company that invests on its own behalf and on behalf of investors in opportunistic situations including the distressed debt space on a global scale."

Hope there's not too much distressed debt around here: that appears to be Sahney's expertise. Bit of a puzzle.

[engelo] 11/2/2012 15:26

Just a thought: if according to their new investment rules WSAG are giving up their 15% holding in BRDY then perhaps VIR with 29.4% might be interested??

[marab] 11/2/2012 15:23

engelo - yes I have RGM, VIR and WSAG and all for the same reason - long term potential, and who knows which one will do best. Generally I find it's the one I just sold that multi bags. The graphite deal was a bit of a surprise here and how many of us had actually looked at that industry before? We have no idea what will happen next but going by previous posts here, all kinds of potential exists. It might be worth looking at IOF too, but I wouldn't leave it to long.

[engelo] 11/2/2012 14:59

marab: I had fully loaded up, but sometimes sacrifices have to be made 8). Even v reluctantly sold some VIR to add: we'll see how that turns out as imo they have good short and long term potential too.

Yesterday's holdings RNS seemed to me to solidify the purpose of the whole enterprise, whatever that turns out to be. Still not clear exactly what Sahney's bringing to the party, but if the chairman has a large vested interest in the shares that suits me fine.

OT believe we've both got plenty of RGM which imo will keep the wolf from the door this year whatever happens in this Russian madhouse ;-)

[marab] 11/2/2012 12:24

engelo - VIR just an example of what an uncontrolled share issuance can do to current share holders and I wasn't saying that would happen here just saying the possibility exists. The main thing is the result of raising any cash, so if they issued shares even at 0.4p and created a NAV of over 3p then everyone would still be happy.

Say we have 60m shares in issue at the moment with a NAV of 2.7p and another 40m are issued at 0.4p, that would give a NAV of 1.78p. Issue 40m at 2p and the NAV is 2.42p. Issue 40m at 3p and the NAV is 2.82p. I would still be happy with the worst case scenario as long as the company invested in something as promising as the graphite venture. I do not like paying CGT and am trying to invest in companies that could give me decent long term financial gain and that is why I am invested here. I don't really care where the share price or NAV is at the moment as long as we look like we may have some growth potential.

I don't see any harm in looking at the worst case scenario and basing my investing decisions on that with due regard to the future prospects. There was a good chance the share price would drop from where I bought in, but I was happy to do so and may well add when we get some news. Current share price does seem to be a good entry point for new investors, or those like yourself who hadn't already fully loaded up.

[engelo] 11/2/2012 11:48

marab: VIR? are you referring to March 2011? No parallel to WSAG imo.

[marab] 11/2/2012 11:32

Ro5enberg, engelo, good points made and let me say first that I have bought a pile of these with the intention of just leaving them to grow in value.

However, there has been no visible change in the website, even in the share holdings which I would argue is an important part of any buying selling decisions. I can accept that the name change could be accompanied by a new website to put as much space as possible between the new company and WSAG. A distance that might involve the departure of our last long term director imo bwb

We know nothing much about the nature of the current share holders and I would refer you to the situation at VIR which was not a happy outcome for holders there with a massively discounted placing that diluted their holding down to nearly nothing. I am not saying that will happen here but the possibility exists if the permission to issue shares to the value of £100,000 nominal (which means the new shares could be issued at 0.4p) is granted. On the other hand if the shares are to be issued from say 3p upwards I would be delighted but we don't know. The issuing of more shares is to be expected in a company like this so I have no problem with that at all, and their first investment is certainly interesting.

Has anyone actually phoned the company since the new lot got in? If not I might do so this coming week and see what happens.

[engelo] 10/2/2012 23:26

Think that during the setup of the new company has been deliberately kept low key to the point of confusing and misleading us, and they have shares to shuffle around. Don't think that this will continue after March 1st: eg the stuff in the agenda already sounds more is more professional. (But do I hear you say written by solicitors @ £1000 per 15 minutes) :-[.

edit: Ro5enberg: snap !