Xplorer Share Discussion Threads

[workinglunch2] 30/10/2014 01:35

The share price is slowly moving up.

[skiboy10] 27/10/2014 23:20

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
shareholders.
"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.

[skiboy10] 27/10/2014 17:17

Tick up today

[moreforus] 20/10/2014 11:07

XPL



page 12

[moreforus] 20/10/2014 08:54

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

[acefromspace] 20/10/2014 08:44

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.

[moreforus] 20/10/2014 08:22

this has bottomed now

remember Imara.....

SLE just found oil offshore Morocco

perhaps the RTO was awaiting this drill result?

[hedgehog 100] 18/10/2014 21:17

Please note the following thread which may be of interest:

"THE REVERSE TAKEOVERS & SHELLS THREAD (RTO)"

[skiboy10] 17/10/2014 14:19

And today seems like the start.

[liquid millionaire] 17/10/2014 11:20

Same here!

[skiboy10] 16/10/2014 21:59

Expecting a big bounce soon

[skiboy10] 14/10/2014 13:52

Yes I think it will do.

[tamer investor] 14/10/2014 13:14

................hopefully "shortly" means shortly this time!

[skiboy10] 10/10/2014 19:20

From the last results....

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.

Roger Tucker

Chairman

[liquid millionaire] 10/10/2014 19:06

Reckon that imo XPL are now close very close to that MAJOR oil & gas deal rumoured to be in North Africa which could imo again even come in time for the AGM this Tuesday. Fingers crossed!

[euclid5] 09/10/2014 14:18

good news below but don't forget the 2nd part raising equity - placing - dilution - discount because oil exploration assets can't raise debt finance but only equity

In anticipation of this next stage, Xplorer has recently appointed a leading London based natural resources focussed advisory firm to help with the process of raising debt finance to support the potential transactions.

In addition, the Company is currently interviewing three leading London based investment banks towards a mandate of raising equity capital in conjunction with the potential transactions.

[skiboy10] 09/10/2014 05:15

Looks like the Jupiter holding has been transferred to Rathbone.

[tamer investor] 08/10/2014 16:27

.........have the MM's been walking the price down to get their order in? well that has been done now so only one way to go now!

[tamer investor] 08/10/2014 16:26

RNS.................RATHBONE BROTHERS PLC: passed 5%............someone likes the wait.

[tamer investor] 07/10/2014 15:51

..............you could hear a pin drop! Tickety tock.

[tez123] 25/9/2014 20:16

1.1m shares in free float here.

[essential] 25/9/2014 18:00

Bought into these today based on the strong technicals and spike on high volume. What does the company do?! I generally buy the technicals rather than the fundamentals!