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Gordon, did you find the information you needed in the link and reference i posted in response to you question?
MHL - Monitor Energy
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Gordon, did you find the information you needed in the link and reference i posted in response to you question?
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I was being sarcastic when I wrote that. I haven't had the inclination to look into it. I've been in and out of this stock ages ago. Made a few quid, got out. Got back in and lost a few quid. The quid I made was a bit more than the quid I lost. Such is trading.
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interesting times set for this little one, trinadad acquisition looks to set a small rocket under this one
prawn_86
Mod: Call me Dendrobranchiata
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why do they need to acquire more? I would have thought they have enough on their plates according to their repiorts etc, yet still nothing seems to happen.
Good salaries for their directors though...
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Cape Lambert and Tony Sage are usually smart operators but I wonder why a U.S company hasn't bought the Trinadad play if it is so good a deal.
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from my understanding it was offered to Range resources (RRS), they could only take up 10% due to other projects, the directors are mates with MHL directors and offered the rest to them
From 12/07/2010 Announcement:
RANGE ACQUIRES INTEREST IN ONSHORE TRINIDAD OILFIELDS AND LOCAL DRILLING COMPANY
Highlights
• Range signs HoA to acquire a 10% ownership interest in holding companies whose wholly
owned subsidiaries hold three production licences in producing onshore oilfields in
Trinidad and significant local onshore drilling operations.
• Trinidad has produced over 3b bbls and currently produces 100,000 bopd with both major
and smaller operators. All locally produced onshore oil is acquired by the state owned
refinery with logistics already established.
From 12/07/2010 Announcement:
RANGE ACQUIRES INTEREST IN ONSHORE TRINIDAD OILFIELDS AND LOCAL DRILLING COMPANY
Highlights
• Range signs HoA to acquire a 10% ownership interest in holding companies whose wholly
owned subsidiaries hold three production licences in producing onshore oilfields in
Trinidad and significant local onshore drilling operations.
• Trinidad has produced over 3b bbls and currently produces 100,000 bopd with both major
and smaller operators. All locally produced onshore oil is acquired by the state owned
refinery with logistics already established.
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That is correct bryos. The 3 Trinidad licenses have been privately owned for some 20-30 years. The owners have decided to divest their interests after many years of pulling a tidy earn out of them. The licenses have not been worked effectively as the owners were quite happy with the returns they were getting as they were.
Range's advisors Paterson and Smith had some connection to the owners and suggested to Range it was a deal with considerable upside. Range bought the deal to MHL.
I have no idea or interest how MHL will put this together and how it will affect share holders. I do know this is a seriously good purchase.
Range's advisors Paterson and Smith had some connection to the owners and suggested to Range it was a deal with considerable upside. Range bought the deal to MHL.
I have no idea or interest how MHL will put this together and how it will affect share holders. I do know this is a seriously good purchase.
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Prozac, I echo your thoughts, all we can do is hold (forced) but very interesting times ahead, just keep skipping along until an announcement :sheep:
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Ive had this in my watch list for some time now but havent taken the plunge as yet!
GL all
GL all
You may be lucky seeing as they are suspended from trading. You may yet get a chance but if you do make sure that it is because they have something positive going and not just talk.
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Good advice Nioka.You may be lucky seeing as they are suspended from trading. You may yet get a chance but if you do make sure that it is because they have something positive going and not just talk.
I nearly fell off my chair when I read VPE were involved with these clowns.
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Just re-iterating my post above is not advice on MHL specifically as I do not know about, and have not taken the time to try to understand MHL. Whether or not shareholders will be treated well with regard to any form of company restructuring to accomodate this purchase is an unknown equation that I have no interest in.
My suggestion relating to the Trinidad deal is because I consider the licenses represent a good purchase with good growth potential from fields that have not been worked hard and still offer the potential for further discovery. All this is in my opinion only.
I do not hold any shares in MHL. Good luck to all share holders.
My suggestion relating to the Trinidad deal is because I consider the licenses represent a good purchase with good growth potential from fields that have not been worked hard and still offer the potential for further discovery. All this is in my opinion only.
I do not hold any shares in MHL. Good luck to all share holders.
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Good luck to all share holders.
We'll need big bags of it
We'll need big bags of it
