||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Xplorer Share Discussion Threads
Showing 401 to 422 of 425 messages
|With so few shares in issue and the main market listing surely this would make a great shell for a RTO.|
|Sounds like it could be a RTO into something other than oil. Anybody heard anything?|
|Ooh somethings happening.....http://www.investegate.co.uk/xplorer-plc--xpl-/rns/statement-re--suspension/201412181049081661A/|
|those assets will now definetely be valued much less due to the drop in the oil price don't lose sight of that
"and any Placing at RTO will be at a much higher level as it will be referenced to the value of the assets coming in"|
|think this will got ozero now as doubt they can get a placing away for more lifestyle expenses|
|I believe the Share Purchase Agreements and the Admission Document have been finalised and any Placing at RTO will be at a much higher level as it will be referenced to the value of the assets coming in. The pre-RTO funding is I believe going into the targets as a convertible loan again at a much higher value than XPLs current share price as again it is with reference to the value of the assets coming in. AIMHO. DYOR.|
|Looks like a placing is going to hit. Maybe around 15p?|
|Xplorer PLC 28 November 2014 Xplorer plc Interim Results for the period ended 30(th) September 2014 Chairman's Statement I am pleased to present Xplorer plc's interim accounts for the six months ended 30(th) September 2014; a period of continuing good progress. We have reached commercial agreement with two companies for potential acquisition by Xplorer. In order to ensure that those companies have necessary finance in place for future operations, we are working with the companies to raise funding ahead of initiating any formal acquisition process. Notwithstanding the current challenging oil price environment, we expect to be in a position to update shareholders shortly. Roger Tucker Chairman 28(th) November 2014 For further information, please contact: Xplorer plc www.xplorerplc.co.uk John Roddison, Director +44 (0)20 7495 7429Allenby Capital Limited + 44 (0)20 3328 5656Financial Adviser Nick Harriss, Director, Corporate Finance|
|.....this afternoon would be nice.|
|This is going to pop very soon. Im hearing whispers. get back to you all soon|
|From lseToday 15:04 Price: 20.00JackSht 576 postsSoon be Christmas!Nothing sinister that I've heard. In fact, all is apparentley going to plan (just not my/our plan). There are certainly buyers looking around, as I've been asked if I want to sell 75K shares only last week. I didn't and I've not seen any buy or sell transactions amounting to anything like that. This gives me optimism for when the news eventually breaks, because there are clearly very few shares available and existing holders are hanging on to what they have. Here's hoping for a very merry festive season. Gla Jack|
|Drilling planned for Morocco and Keyna next year and also merging a 8500 bpd asset...|
|Yes the timings have slipped but it looks good...
Imara Investment Opportunity
December 2013 Memorandum of Understanding (“MOU”) with London and Hong Kong based
group who control a UK main board standard listed shell company (“Pubco”);
Main terms and representations of MOU include:
1. Complete RTO merger with agreed pre-money ownership split. Target completion date of end Q2 2014;
2. Sproule to complete technical review on Imara assets and draft CPR; Target completion May 2014;
3. Execute Heads of Terms between Imara and Pubco prior to definitive Sales and Purchase Agreement “SPA”.
Target completion date May, 2014
4. Market a $5 - 10 million convertible debenture (“CD”) offering into Imara which converts into shares of
resulting “Pubco” at a 20% discount to the re-entry or deemed transaction price; Timing now;
5. Close the CD offering. Target completion date May 15, 2014;
6. Complete RTO of Imara assets. Target date June 15, 2014;
7. Independent Technical Consulting firm to complete CPR on identified production asset currently
producing 8,500 bpd to be merged with Imara exploration assets post the completion of the RTO;
8. Raise an additional $75million in public equity concurrent with the completion of RTO and production asset
acquisition. Target completion date Q3 2014.|
|Good to see the board is so quiet too. I guess that XPL is not know to too many. Hopefully that'll change soon.|
|Yes it looks like it has bottomed out now. Good news should move it much higher.|
|The share price is slowly moving up.|
|Found this from last summer. Looks like the plan hasn't changed it has just taken longer than anybody expected. Though that is understandable given the potential size of the deals in three different locations.
Jul 12th 2013
More to Xplorer debut than first meets the eye London's oil sector welcomed a new addition on Thursday as Xplorer (LON:XPL) made a premium debut.
It is the latest shell to join the market and investors may be forgiven for
overlooking this debutant which is valued in the market at just £1.97mln.
Raising just £1mln the new entrant's float barely made a splash, but, a closer
look shows there may be more to this company than initially meets the eye.
The fact that it has jumped straight on London's main board rather than AIM,
the typical home of cash shells, could be taken as a statement of intent.
Delving through the group's prospectus and associated marketing reveals an
ambition to quickly put together a firm of some stature.
The group's pockets are deeper than the float suggests. It is backed by Hong
Kong based private equity group Sprint Capital, currently owning 17% of the
shell, and it has several institutional investors in tow.
Xplorer's upfront £1mln is merely pocket-money to allow the group to complete
negotiations and due diligence over a significant transaction.
Through a reverse takeover and another funding the group is expected to take
its true form within a matter of months.
It is understood that assets currently in Xplorer's sights are located in
Kyrgyzstan and Georgia and the plan, once a reverse is sealed, is to bring in
major partners for drilling.
Together the assets' reserves will be in the multi-billion barrel bracket and it is thought the enlarged company could in short order be propelled among the
established exploration and production companies in the FTSE 350.
In a stock market statement today Xplorer chairman John Davies said: "This is
the start of an exciting journey in the creation of substantial value for our
"Our sights are set on a significant transaction which will be supported by Sprint Capital. Accordingly, we consider a listing on London's Official List, rather than a junior market as appropriate to our ambitions for building a substantial oil and gas business."
On Thursday Xplorer shares were changing hands at 18p each on the London Stock Exchange the £1mln share placing was priced at 16p.|
|Tick up today|
|agree bottoms are normally seen in the rear view mirror - however 2nd blue and oil found offshore Morocco where Imara have an asset - Imara who named XPL as their RTO shell in their company presentation a few months back....
I think they were waiting for the drill result before RTO|
|Hmm. Hope so but not sure you can make that comment until this breaks out of the downtrend which looks to me to be somewhere in the mid thirties and above. Seen plenty of false starts only for this to drop lower. News soon would be good but been saying that for months.|