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.
QPN Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held