QPN 27.3% 0.8¢ quest petroleum nl

Hi Gosh !Yes well it would appear that QPN does (or did) have...

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    Hi Gosh !

    Yes well it would appear that QPN does (or did) have shares in SGY. C
    Certainly at least at the end of the half year (31/12/10)

    If you refer to about page 12 in that Half year report you will find the following details.
    """""""""""""""""""""""""""""""""""""""""""""""""""""""""
    3. OTHER FINANCIAL ASSETS
    31?]Dec?]10 30?]Jun?]10
    A$ A$
    Investment in Solimar Energy Ltd* 510,000 88,000

    *These shares were received as non?]cash part of consideration for the sale of the consolidated entity?fs San Joaquin
    acreage in California to Solimar Energy Ltd.
    """""""""""""""""""""""""""""""""""""""""""""""""""""""""
    Now my copy and paste job is a bit wonky but what we are being told there is that back on the 30-June-2010 the SGY shares that QPN owned were valued at A$ 88,000
    As at 31-12-2010 the share value had risen to A$ 510,000.

    So yes it will be interesting to see if there is any mention of them in the upcoming update which I guess should be out this week.

    It would also be interesting to compare the price of SGY shares back on 31 Dec with their current price.
 
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