geez.. that's bringing back some unpleasant memories... bph...

First 3 Last

Share
Profile

Follow
jj2

1,735 Posts.

26/01/18

21:43

Post #: 30595912
Share

Originally posted by hot capital ↑

In 2010 BPH Energy shareholders and The Talbot Group Funded the PEP11 drill rig !!!! . However sad but true BPH Shareholders stock was suspened during the drilling operation , they got in but had no chance to get out !!!!!!!

04/01/2011

the suspension of trading in the securities of the company will be lifted immediately, following receipt of an announcement about the final logging data on the New Seaclem 1 exploration well in PEP 11

30/12/2010

the securities of the Company will be suspended from quotation immediately, at the request of the Company, pending release of an announcement in relation to New Seaclem 1, PEP 11

30/12/2010

MEC Resources Ltd investee company Advent Energy Ltd says drilling at the New Seaclem 1 well off Australia's east coast has revealed a reservoir and sea pairs consisting of high-porosity Tertiary sandstones along with several formational and intraformational seals. Advent says a seismic line oriented south-west to north-east suggests there is significant updip structural potential which has not been tested. Further seismic data is required, and the joint venture will announce additional details in due course. Advent subsidiary Asset Energy is increasing its interest in PEP11 from 25% to 85% on completion of the New Seaclem 1 well, thereby reducing Bounty Oil & Gas's interest from 75% to 15%. Advent shareholders include MEC, BPH Energy Ltd, Grandbridge Ltd and Talbot Group Investments.

Hot Trading Hot Capital

Expand

geez.. that's bringing back some unpleasant memories...

bph suspended while having shares consolidated and a cap-raise... only to come back on once the hole was effectively declared a duster..

could've sold out at 20% loss upon relisting.. or later 95%.

mec shares were around or over $1

why r we taking this trip..?

MMR Price at posting: 2.3¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply