Xplorer Share Discussion Threads

[liquid millionaire] 31/7/2014 15:55

Xplorer plc

("Xplorer" or the "Company")

Final Results for the year ended 31 March 2014

Xplorer plc (LSE: XPL), a business formed for the purpose of acquiring an undervalued company, business or asset that has operations in the oil and gas sector, reports its Final Results for the year ended 31 March 2014.

All financial amounts are stated in GBP British pounds unless otherwise indicated.

Chairman's Statement

I am pleased to present the annual accounts for the year ended 31st March 2014; a period of continuing strong progress.

Xplorer Plc was incorporated on 12th March 2012 and was successfully admitted as a Standard Listing on the Main Market of the London Stock Exchange on the 11 July 2013, raising £1 million through the placing of 6,250,000 ordinary shares at 16 pence per share from institutional and other professional investors. By March 2014 we had driven our opportunity substantially forward and this enabled us to raise an additional £500,000 at 46 pence per share.

Xplorer plc was formed for the purpose of acquiring undervalued companies or assets in the oil and gas sector guided by an extensive list of 90 or so candidates which we had previously compiled with Sprint Capital. The money we raised has enabled us to conduct extensive research and due-diligence into these potential candidates and having set ourselves ambitious targets, a shortlist was compiled last year. Our Board is supported by Sprint Capital, a Hong Kong based private equity fund and its founders, Chris McAuliffe and Jacqueline Lim, who were invited to join Xplorer as non-executive directors at the time of our formation. Their skills, knowledge and ability have been pivotal in taking us to the position we are now in.

I joined the Board in May 2014 in order to assist in the launch and creation of a cohesive sector focused operating business. Xplorer and Sprint have diligently pursued investment opportunities for a period of time and are currently in exclusive negotiations with three entities. In all cases these discussions are approaching completion. The opportunity set comprises existing production with significant development upside, offshore exploration in a province with high levels of industry activity and finally, a large acreage position in a prospective but under-explored onshore basin. Xplorer and Sprint continue to review other opportunities that could be added to our portfolio.

The legal, financial and technical due diligence reports prepared by our various expert and professional advisers are now in the main, complete and we are in the closing stages of bringing the three candidates together under the Xplorer umbrella with plans to launch a further equity fund raising to be invested almost entirely in oil and gas productivity.

We thank our shareholders for their support during the past year and we look forward to announcing further news shortly.

[euclid5] 31/7/2014 15:54

But what price will they do the placing at - if you think it will be 100% more than the current share price then you are doing a very poor job of ramping this

considering the main oil & gas sector poor performance on AIM

"with plans to launch a further equity fund raising"

[moreforus] 31/7/2014 15:36

The opportunity set comprises existing production with significant development upside, offshore exploration in a province with high levels of industry activity and finally, a large acreage position in a prospective but under-explored onshore basin.

[moreforus] 31/7/2014 15:34

RNS

The legal, financial and technical due diligence reports prepared by our various expert and professional advisers are now in the main, complete and we are in the closing stages of bringing the three candidates together under the Xplorer umbrella with plans to launch a further equity fund raising to be invested almost entirely in oil and gas productivity.

We thank our shareholders for their support during the past year and we look forward to announcing further news shortly.

[moreforus] 31/7/2014 11:51

habe you spoken to him too??

if true looks like it could be game on with Imara and our 100p rto!

[liquid millionaire] 31/7/2014 11:50

Very nice!

[moreforus] 31/7/2014 11:36

sharebuyerzero
Posts: 64
Off Topic
Opinion: No Opinion
Price: 37.50
View Thread (3)News confirmed

Today 11:10

Have spoken to Nick Nelson who is in Monaco. News confirmed for tomorrow morning.

[moreforus] 31/7/2014 07:28

114k late buy at 39.7p!

[moreforus] 31/7/2014 07:14

Updated....

[moreforus] 30/7/2014 16:30

lets hope for more!

[alexios1201] 30/7/2014 16:29

Minimum value here at 47p

[moreforus] 30/7/2014 15:52

something cooking with Imara? this started to move without buys earlier.,...

mms want almost full ask for just 10k now!

[moreforus] 24/7/2014 12:37

there is some news just not from XPL itself

the Imara presentation specifically names them as the rto shell AND XPLs CEO is earmarked to run it....

what ever the price has done (big sellers exploiting buyers etc etc) that info is out there!

[workinglunch2] 24/7/2014 12:08

Nothing has changed at xpl, but a lack of news or an update has allowed investors to lose patience and sell, some probably at a lost. But i'm still waiting for the news to come out before i decide what to do.

[moreforus] 23/7/2014 14:21

now at a 9 month low

[workinglunch2] 22/7/2014 09:22

A lot of disgruntled sellers, i can't blame them.

[moreforus] 22/7/2014 08:50

net you can buy a fair few now anton

6 month low

[moreforus] 22/7/2014 06:39

Agree the large (75-100k) availability of shares was shifted however there was sufficient dumpage to give the market at least 25-50k shares to reoffer, was able to buy at least 10k if not more most of the day....

...think there was a chance of a rerating Friday due to the presentation coming to light after months of drift but it was killed thanks to massive dumping ... Look at RXP move up on speculation of news... XPL went down! even yesterday the rally stalled quickly....

...If people can't read the facts available now in the public domain or simply sell on em then it's nonsense time again!

[anton-tsar] 21/7/2014 22:03

There is no overhang, indeed I'm struggling to increase my position beyond a fiver here and a fiver there. I'll instruct my broker again in the morrow.

Nicholas Nelson isn't selling; his shareholding puts him firmly in Disclosure territory.

Remain calm; good things come to those who wait. In my experience, class 1 transactions always slip beyond the expected timetable.

Anton Tsar

[showmethemoney123] 21/7/2014 11:14

I suspect overhang is T traders getting out as they believe a suspension is imminent which would trigger payment and no more ability to roll?

[moreforus] 21/7/2014 10:59

XPL malaise continues

this is a BIG clue!!



page 5

Jan – Mar 2014 ‒ Financial, legal and Phase 1 technical due diligence review
April 2014
‒ Sproule completed Phase 1 technical due diligence review and issued volumetric resource estimate
Mar 2014 ‒ Hired Investec to assist with RTO and fund raising
May 2014 ‒ Sproule prepared Competent Persons Reports (CPR) for both Kenya and Morocco

June 2014 ‒ Imara to agree SPA to acquire Morocco / Kenya assets and SPA to sell itself to XPL for shares

June 2014 ‒ Imara to undertake $5-7mn pre-RTO CLN's at 20% discount to RTO price
End June 2014 ‒ Investor road show / publication of shareholder circular
End July 2014 ‒ Completion of RTO and $7-10mn capital raise / admission and dealings
Signing of MoU
Commence Legal,
Financial & Phase I
Technical Review
Phase II Technical
Review & CPR Completion of RTO
T

[moreforus] 21/7/2014 08:07

Fridays 100k buy limit is now 10k at a premium

looks like that overhang has gone...

[moreforus] 21/7/2014 08:03

defensive spread..and 1st buy at 41p....