MHL - Monitor Energy

[JTLP]

A possible reason for the run up would have been that several "insiders" caught wind of an ANN to be announced to the mkt soon. They bought up, thinking it would be "the one"...this placement or whatever happened...bam everyone leaves + price falls.

I do not hold but that's what I think has happened...

+

Management don't want a speeding ticket so they drop that doozy on y'all

 

[YOUNG_TRADER]

I took a few off the table as the delays in getting this JV signed off on as well as the fact that it looks like they will need to raise funds have cloudied the picture

Knowing my luck Santos will probably farm it and it will go nuts lol

Well I saw this coming early May, but never thought they'd raise funds like this, an SPP would have been much better, at least then we all get a chance to share in the cheap prices, or if your going to do a placement at least do it to someone with Clout is Santos or China National Petroleum or even bloody Sentry, who the helll are this mob? and why so cheap?

I'm all but ready to write this dog off

I'm glad my current position is a free carried one from months ago off the intial big run up, makes me wish I sold them all to make a profit,

Its very upsetting to see this, MHL has so much potential and could so easily follwo in CIG's footsteps but management have no clue really, just like CTS the old adage, "its better to have Great Management on an Avg Project then Avg Management on a Great Project"

For me a very important factor going forward with investing/research and stock picking is how much managemetns interests are aligned with mine, ie how many shares do the directors own

 

[mobcat]

Have to agree YT the management are dogs mate ,not even a offer of 1 cent options to holders say 100 million with a 4 cent ex 2010 i would of been up for it and i think a lot of holders would of to ,
sure would of helped to heel the wounds of 2008 holding this rabid biting dog of late ,what gets me is every time she moves head office shuts the move down with a ann ,i have never been kicked in the guts so many times by a company in such a short period of time as MHL i love the story of MHL but man it,s turning into a Epic read this year.

The JV should show some green but it,s a very large bottom draw for MHL for me, till if we do one day get the drills turning has been a fun ride MHL sure is a volatile little bugger goodluck all bring on the JV or the SE asian news now hey

 

[AussiePaul72]

Well guys you gotta say that MHL offers a much better and longer lasting roller coaster ride than any theme park going around!!
We've just come over that peak at 2.6 and down the big 'capital raising' dipper with plenty of speed which has helped after bottoming out at 1.7 and quickly back up the steep incline. Today bolting up over 17% to 2c with plenty of momentum behind us. Seems MHL will continue to move up with strong volume filling in behind. The capital raising may just be a quick reality check and speed bump as MHL momentum seems to be building strong momentum again.
Good luck to all fellow MHL holders ...... Keep your chin up as i have a sneaky suspension there is still lots of interest in this stock

 

[nioka]

I would liked to have had the oportunity of some more shares at the issue price. There may be good reasons why it was done the way it was done. The cost or raising just a little over $1m by having to make the offer to every shareholder would have been considerable. The issue hasn't diluted the stock too much if the exploration is successful. Meanwhile the volatility in the stock makes it a proposition to trade it.

 

[stock nub]

18 June 2008
COMPLETION OF $1.232 MILLION CAPITAL RAISING, OPTION ENTITLEMENT
OFFER TO EXISTING SHAREHOLDERS AND OPTION PLACEMENT

Monitor Energy Limited (“Monitor” or “Company”) is pleased to advise that the capital raising with Melbourne Capital Limited (“MCL”) announced to the ASX on 13 June 2008 has been fully subscribed. A total of 88 million fully paid ordinary shares have today been issued at $0.014 per share, to raise $1,232,000 before costs associated with the placement. The placement was to sophisticated investors as outlined under s708(8) of the Corporations Act. The funds raised from the placement will be used by Monitor for the purposes of:

• Pursuing ongoing project opportunities in South-East Asia and in other known near term
production areas.

• Working Capital.

Option Entitlement Offer:

Monitor intends to proceed with an Option Entitlement Offer to all existing shareholders on the basis of one option for every two shares held at a subscription price of $0.002 per option (for a total issue of approximately 364 million options). These options will have an expiry date of 31 August 2011, and an exercise price of $0.025 per share. Monitor has agreed with MCL that MCL will have the right to place any options that are not subscribed to by shareholders at its discretion to clients of MCL on an “all reasonable endeavours basis”. Upon the successful completion of the placement of these options, the entitlement offer will raise approximately $728,000 before
costs associated with the offer.

Option Placement
Monitor intends to seek shareholder approval to issue further options on the same terms and conditions as the entitlement offer options. Specifically:

• That shareholder approval be sought to approve the placement of 250 million options to clients of MCL at MCL’s discretion, at a subscription price of $0.002 cents each to raise $500,000.

• That shareholders approve the ability for existing Directors Mr Mark Gwynne and Mr Jon Roestenburg to subscribe for up to 12.5 million options at a subscription price of $0.002 each to raise $25,000.

• That shareholder approval be sought to approve the issue to MCL of 28.75 million options as consideration for services provided with regard to the fund raising services provided. Monitor intends to apply to the ASX to have all securities the subject of the Agreement quoted on the ASX. The Board of Directors of Monitor view the Agreement with MCL as a positive step forward for the Company. The funds raised via the issue of the shares and options will enable Monitor to continue to advance the company’s strategy of adding significant shareholder value through the development of a diversified petroleum asset portfolio, as well as advancing negotiations on
identified leads in South-East Asia, and other regions.

Whats everyone's opinion. I think the options should have a higher exercise price. Shouldn't they be assuming the share price might of increased due to progress with other ventures ie JV with sentry (assuming its signed) and U308 play with leopard? I don't get it? The options have a time value (to 2011) which doesn't seem to count for sweet FA! Anyone else want to share some wisdom on these options.

 

[YOUNG_TRADER]

Well this management have now offcially fallen into my DOG management basket along with CTS's

Why?

Well whent he SP was 2c-2.4c they announced a "placement" of 88m shares @ 1.4c = a 30% - 45% discount to the lucky Melbourne Capital clients,

Now today they announce a 1:2 options placement to us long loyal share holders but then they go and give 250M options to lients of Melbourne Capital , based on their 88M share holding = 3:1 bonus options, thats 6x what we normal shareholders get

I don't know about you guys but I've all but lost patience

 

[AussiePaul72]

Well this management have now offcially fallen into my DOG management basket along with CTS's

Why?

Well whent he SP was 2c-2.4c they announced a "placement" of 88m shares @ 1.4c = a 30% - 45% discount to the lucky Melbourne Capital clients,

Now today they announce a 1:2 options placement to us long loyal share holders but then they go and give 250M options to lients of Melbourne Capital , based on their 88M share holding = 3:1 bonus options, thats 6x what we normal shareholders get

I don't know about you guys but I've all but lost patience

Well YT ....... with all due respect

'One mans dog stock is another mans treasure stock'

I've had this one in the bottom draw for quite a while now but i do see potential in the near (next few months) future. I've been encouraged by the momentum in the SP over recent weeks even despite the sell down on the placement the other day. We haven't had any good news announcements yet and if and when they come i think MHL could really run!!

 

[nyo]

Well this management have now offcially fallen into my DOG management basket along with CTS's

Why?

Well whent he SP was 2c-2.4c they announced a "placement" of 88m shares @ 1.4c = a 30% - 45% discount to the lucky Melbourne Capital clients,

Now today they announce a 1:2 options placement to us long loyal share holders but then they go and give 250M options to lients of Melbourne Capital , based on their 88M share holding = 3:1 bonus options, thats 6x what we normal shareholders get

I don't know about you guys but I've all but lost patience

From another site

There goes my jam jar money

"Separately, Sentry Petroleum today announced that it will not proceed with its previously announced joint venture with Monitor Energy."


Sentry Petroleum Retains PAN Consultants as Investor Relations Counsel
Monday 06/30/2008 11:47 AM ET - Market Wire

Sentry Petroleum Ltd., a U.S. independent oil and gas exploration company (OTCBB: SPLM), today announced that it has retained PAN Consultants Ltd., a New York-based investor relations firm, to serve as its investor relations counsel.

"Sentry has embarked on an ambitious oil and gas acquisition program in the commercially proven Adavale Basin in Queensland Australia, having assembled over one and half million acres of highly prospective exploration leases and negotiating the rights to additional acreage," said Sentry Petroleum President Dr. Raj Rajeswaran. "As we move ahead to create shareholder value, we want to communicate corporate developments to our shareholders and the financial community, and have therefore retained PAN Consultants to assist us in that effort."

"I am delighted to have the opportunity to represent Sentry Petroleum, a company that is run by a group of seasoned oil and gas professionals, each of which are proven oil finders with stellar exploration and production experience," said Philippe Niemetz, PAN Consultants

Separately, Sentry Petroleum today announced that it will not proceed with its previously announced joint venture with Monitor Energy.

About Sentry Petroleum

Sentry Petroleum is a junior oil and gas exploration company focused in Asia. The company's mission is to secure large land positions with drill ready prospects in the regions of the world with the most promise for large scale discovery. The Company will continue to leverage its strengths with a vision to become a premier independent oil and gas company.

Forward-Looking Statements:

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of applicable legislation. Other than statements of historical fact, all statements in this release addressing future operations, undiscovered hydrocarbon resource potential, exploration, potential reservoirs, prospects, leads and other contingencies are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements due to factors such as market prices, exploration successes, continued availability of capital and financing, and general economic, market, political or business conditions. Please see our public filings at www.sec.gov and www.sedar.com for further information.

Contact:
Investor Relations
866.680.7649
Email Contact
www.sentrypetroleum.com

Philippe Niemetz
PAN Consultants Ltd.
14 Wall Street
20th Floor
New York, NY 10005
212.344.6464 or 800.477.7570
Email Contact



SOURCE: Sentry Petroleum

http://www2.marketwire.com/mw/emailprcntct...C000589F4B2F64F
http://www.sentrypetroleum.com
http://www2.marketwire.com/mw/emailprcntct...4DCD551A3B6AC49

 

[habs]

geez, glad i sold this at a small loss and did not wait for this announcement to come out,

i guess them's the risks with these small oilers.


i feel for those that bought at 4c + 6 months ago

 

[Gspot]

Sentry withdraws due to being unable to meet it's finacial agreement. Now Monitor is in talks with other parties about Kyrgyz Jv.
Market didn't like this deal from day dot. Is it possible Monitor could run higher like last time, leading upto JV news.
Or am I dreaming?
OOOOh, to see 6c again.

 

[karmatik]

Anyone know the word on the street with this one?

Particularly interested in tech/a's point of view from a technical aspect as he made a good call on this one when the **** fell out of the share price.

 

[prawn_86]

Ann out: They found an oil seep above ground! That must be prety rare these days.

Shame that they have taken so long to organise a JV, but this proves there is oil there. While this ann takes out some of the risk i still wouldnt invest for a long time period as i dont trust the management anymore...

 

[nioka]

MHL up 40%+ today on news that it has discovered oil on the surface at its Kyrgyz site. Let us hope it isn't just someone doing an oil change in a vehicle.

 

[Doris]

MHL up 40%+ today on news that it has discovered oil on the surface at its Kyrgyz site. Let us hope it isn't just someone doing an oil change in a vehicle.

Lol... No...
They have a photo of the seep. No cars around.

HIGHLIGHTS
•
Discovery of oil seeps confirms active oil system and new petroleum province.
•
Company lodges bid for highly prospective Indonesian block.
•
Farm out discussions of Kyrgyz oil projects continuing.
Monitor Energy Ltd (“Monitor” or the “Company”) is pleased to announce that it has made a significant discovery at its At Bashi oil licence in the Kyrgyz Republic and has also lodged a bid for a highly prospective block in Indonesia.

 

[mobcat]

I sold my parcel today had enough of part time mangement and .2 oppies and the clincher was a photo of a puddle of oil what a joke LOL goodluck all still holding 1.6 did me just fine

 

[petee]

folks

found this qarticle refering to MHLs AT BASHI petroleum license.Very promising huge amount of oil in the billions of barrels

http://www.globalsecurity.org/military/world/centralasia/kyrgyz-energy.htm

Kyrgyzstan contains seven developed oil fields and two oil/gas. Kyrgyzneftgaz is the state-owned joint stock company responsible for production of oil and gas, and is presently looking for a foreign partner to introduce modern methods of oil and gas drilling. During the year 2000, Kyrgyzstan has had oilfield surveys by a team of specialists which, in November 2000, forecasted that Kyrgyzstan could become self-sufficient in oil by exploiting various reserves. In the Fergana Valley, there is an estimated reserve of over 700 million barrels, and the combined reserves of depressions at Chuy, Alay, Issyk-Kul, and At-Bashi could be as much as 1.5 to 2.2 billion barrels. These are not yet proved yet, however, and Kyrgyzstan's known proved crude oil reserves are presently only 40 million barrels

 

[TCB]

Ann out..what a joke another cap raising. This company has turned out to be a complete joke. The ASX should be doing something about these rouges.

 

[h3ath]

Small punt of 500 000 at 0.002.

Some volume going through lately.

Perhaps its time that this dog barked.

 

[Gspot]

I have tried numerous times to get in contact with their office and speak to someone about what they are doing/ next announcement due, etc. For the first couple of calls I had a receptionist promise that someone would call me back, and that never happenned. Now I try calling and the phone goes to answering machine, with no one still returning my calls.
The web site is terrible, information to shareholders on what they are doing doesn't exist and the share price reflects all this.
Does anyone have any idea what is going on with these scandals?