Nitefly
- 16 Dec 2003 12:19
Looks like Minmet are performing well!
Definately one that is building and could be very profitable in the future.
MillionDollarMan
- 13 Sep 2004 11:21
- 2 of 13
A nice rise today.
David10B
- 21 Jun 2007 18:12
- 3 of 13
Another one to be very weary of is Minment, now Achill Resources.
This has been long on promises and short on delivery for many years.
Study it well before you reach for your Cheque Book, you will need to be very old before you can bank on a pension
mbugger
- 03 Dec 2007 10:14
- 5 of 13
Is there a new board recently after GOO jv failed,any views.
BAYLIS
- 03 Dec 2007 11:39
- 6 of 13
started at 8.5p now 9.95p to buy.
BAYLIS
- 03 Dec 2007 11:49
- 8 of 13
under valued
BAYLIS
- 03 Dec 2007 11:52
- 9 of 13
Disposal of Minmet interest
Fri 02 Nov 2007 08:30 Gold Oil PLC
02 November 2007
For immediate release 2 November 2007
Gold Oil plc ("Gold", or "The Company")
Gold announces the disposal of its interest in Minmet plc
On 2 October 2007, Minmet plc (Minmet) agreed to terminate the contractual
arrangements relating to Gold's Cuban oil exploration interests (and the other
territories) between Gold and Minmet leaving Gold free to pursue its plans
without the involvement of Minmet.
The consideration is that Gold Oil plc will deposit 8,300,000 ordinary Minmet
shares with a broker for the shares to be placed in the market and the proceeds
distributed to Minmet and Minmet will deposit 22,950,000 ordinary shares in Gold
with a broker for the shares to be placed in the market and the proceeds
distributed to Gold. Both sets of shares are subject to lock in arrangements
until February 2008, but such restriction may be lifted with the consent of the
appropriate Nomad. The timing of the disposal of the Gold Oil shares will be
decided by Gold Oil.
In a separate transaction, but spurred by the first, Westcoast Group Limited has
agreed to purchase 4,450,000 shares in Minmet from Gold Oil plc and 10,000,000
ordinary Minmet shares from Gold Oil Caribbean Limited for a consideration of 18
pence per share giving a total consideration of 2,601,000. Having no further
investment interest in Minmet Michael Burchell and Gary Moore have each resigned
from the Board of Minmet.
Gary Moore, Gold's CEO, said:
BAYLIS
- 03 Dec 2007 12:12
- 10 of 13
found this. interesting.Mon 12 Feb 2007 11:43
Oil and Gas explorer Gold Oil said it will acquire 24.67% of Minmet through a share placing and a share exchange, which will see Minmet have a 4.99% stake in Gold Oil.
Minmet will purchase from Gold proprietary data for oil and gas opportunities in several non-core Central and South American countries for 1.35m, which Gold will use to subscribe for 10m new ordinary shares of Minmet at a price of 13.5p per share.
Gold has also agreed to subscribe for a total of 12.75m new ordinary shares at 13.5p per share in exchange for a subscription by Minmet in Gold for 22.95m new ordinary shares at a price of 7.5p per share.
Following these transactions Gold will hold a 24.67% interest in Minmet, who will in turn hold a 4.99% stake in Gold.
The agreement will see Minmet appoint two Gold Oil directors, Mike Burchell and Gary Moore, as non-executive directors of the group.
BAYLIS
- 03 Dec 2007 14:04
- 11 of 13
Minmet Directorate Change
Minmet plc Minmet Plc Appointment of New DirectorMinmet Plc ("Minmet" or the "Company") today announces the appointment of
Jonathan King to the Board of the Company as a Director and Chief Executive
Officer.
Mr. King aged 51 comes to the Company with 25 years experience in the oil and
gas industry having formerly worked as a Senior Vice President with Bredero
Price Group, a leading pipeline company with relationships with international
oil companies.
Mr. King is a Director of the following Companies:Island Consultancy Limited
Island Yachting (BVI) Ltd.
Within the last five years he has also been a director of the following
companies:Bredero Shaw Global Limited
Bredero Shaw Limited
Bredero Shaw Holding B.V.Bredero Shaw International B.V
Bredero Shaw Pipecoaters Limited
Bredero Shaw Norway A.S.Bredero Shaw Coaters Limited
Bredero Shaw (Nigeria) Limited
Bredero Price Columbia B.V.Bredero Price Coaters Limited
Thermotite ASThere is no further information to be disclosed regarding Mr. King under
Schedule 2(g) of the AIM Rules.
Peter Maddocks, Minmet Chairman, said that "Jon King has many years experience
in the oil and gas industry and extensive experience of developing strategy and
managing project operations in multiple international oil and gas locations, his
US and worldwide experience in pipeline construction will be a major asset to
the Company in developing its oil and gas strategy".
BAYLIS
- 19 Aug 2008 17:32
- 13 of 13