gordon geko
- 22 Feb 2005 11:50
could this be the next one to go like white nile speculaors talking about 20p i'm in @ 4p RAB capital have 30% so following thier lead any opinions ????
halifax
- 04 Nov 2013 17:31
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driver is this the last throw of the dice?
driver
- 04 Nov 2013 19:48
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halifax
No DNi is now looking very promising and will relist Q1 2014 that will be the game changer, RGM now have 19% of RAM (ASX:RMR).Plus a 1% royalty ..
From Starvest PLC who are investers in RGM
What they are doing:
Regency has exploration assets in Western Australia prospective for base metals and gold;
• 19.9% interest in ASX quoted Ram Resources Limited, the holder of licences in the Fraser Range, WA prospective for gold and nickel-copper-cobalt, adjacent to those held by Sirius Resources (ASX);
• With the support of the Sudanese government, a 51% interest in IMRAS exploring for agro-minerals in Sudan;
• 50% of Oro Nickel Vanuatu, which itself holds the Mambare property in Papua New Guinea with a JORC resource of 162.6 mt nickel grading 0.94% with 1.53 mt of contained nickel plus cobalt, from 3% only of the tenement; there is also potential for base metals, gold and geothermal resources;
• a 6% interest in Direct Nickel Limited which is in the later stages of proving a game-changing nickel treatment technology; and
• other investment interests in Alba Mineral Resources plc, see below, and Greatland Gold plc, see above.
Future plans:
More of the same: conduct early stage exploration; prove a resource; dispose of it to a third party in exchange for a minority stake, and/or a carried interest. Immediate plans are to continue early stage exploration in Sudan.
Comment: The significance of the Mambare project with the associated technological breakthrough by Direct Nickel should not be overlooked.
driver
- 22 Nov 2013 10:13
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driver
- 13 Dec 2013 12:49
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mitzy
- 11 Jul 2014 09:11
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Finally its starting to move again.
driver
- 11 Jul 2014 15:28
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("Regency" or the "Company")
Investment in UK Onshore Oil and Gas Prospect
11 July 2014
Regency Mines Plc ("Regency" or the "Company"), the mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Papua New Guinea and Sudan, is pleased to announce that it has signed a Heads of Agreement ("HOA") with Horse Hill Developments Ltd ("HHDL") for Regency to acquire a 5% stake in HHDL.
This investment follows a decision by Alba Mineral Resources Plc ("ALBA"), in which Regency currently has a 14.87% direct stake, to participate in the HHDL project.
HHDL is a newly incorporated special purpose company which has the rights to acquire a 65% participating interest in the Petroleum Exploration and Development Licence 137 ("PEDL 137") in the Weald Basin, UK. The participants in the Horse Hill -1 well are HHDL as operator with a 65% farm-in interest and Magellan Petroleum Corporation with a 35% interest. HHDL will receive its 65% interest by completing the proposed well at the property by the end of August 2014. The well is expected to spud during July 2014 and is targeting a number of conventional stacked oil and gas targets up to a depth of 8,512 feet.
The Weald Basin is prospective for conventional oil in Mesozoic sandstones, with the primary reservoir rocks being the Portland sandstone formations where Purbeck Mudstones form the capping rock. The Horse Hill prospect lies 7.5 km to the south-east of the Brockham oilfield and was drilled by Esso in 1964 with oil shows, in a location shown by seismic re-interpretation to be separated by a fault from the main target structure.
Co-investors in HHDL besides Alba, include Angus Energy Ltd, Solo Oil Plc (AIM:SOLO), Doriemus Plc (AIM:DOR), Stellar Resources Plc (AIM:STG) and UK Oil & Gas Investments Plc (AIM:UKOG).
Acquisition Terms
The total consideration payable by the Company is GBP300,000. An initial non-refundable deposit of GBP10,000 is payable on signing of the HOA and the balance is subject to completion and execution of definitive agreements which the parties are currently finalising. At completion, RGM will make a further payment of GBP40,000 and the balance of GBP250,000 would be payable according to cash calls required for drilling the well. Following the payments, Regency will own 5% of HHDL and will upon completion of the well indirectly hold a 3.25% beneficial interest in PEDL 137.
Andrew Bell, Chairman, comments:"The opportunity to invest with Alba, Angus Energy, and the other investors in this exciting UK oil and gas project follows extensive due diligence and analysis. By co-investing with Alba, Regency supports Alba in its strategic re-launch into the oil and gas space, which Regency has been assisting. Regency increases its exposure to the potential upside of the project while minimizing downside risk and total cost, offering Regency investors access to near-term cash generation and an increase in the liquidity of its existing investment in Alba. While a relatively small financial commitment at this stage, the Regency Board believes that this strategic shift will help unlock value for Regency amidst challenging market conditions in the mineral resource sector."
driver
- 19 Jul 2014 10:35
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SMALL CAP MOVERS: Expanding syndicate of AIM firms gear up to Horse Hill oil project
An ever expanding syndicate of small cap firms are gearing up for what could prove to be a very significant conventional British oil project.
Serial AIM company executive David Lenigas is at the centre of the Horse Hill project’s somewhat unlikely grouping of investors, which includes a would-be Welsh gold miner.
Rising over 200 per cent and 33 per cent respectively, the two latest additions to the syndicate Alba Resources and Regency Mines, both of which naturally mining companies in terms of expertise and assets, were among the top small cap performers this week.
UK Oil & Gas, Solo Oil, Stellar Resources and Doriemus are the other small cap firms staked in the venture.
The imminent Horse Hill well is the reason a group of mining execs have been drawn out of their comfort zone to (hopefully) get oil on their boots.
Optimistic experts privately describe the prospect in superlatives - one analyst apparently even claimed it was the best prospect he’d seen his entire professional career.
http://www.dailymail.co.uk/money/investing/article-2697514/SMALL-CAP-MOVERS-Expanding-syndicate-AIM-firms-gear-Horse-Hill-oil-project.html#socialLinks
driver
- 10 Aug 2014 20:34
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