Pele in $8.5m Placing.

Friday, Jul 23 2010 by
8

http://www.investegate.co.uk/article.aspx?id=201007231706558715P&fe=1

Seems the aim is to issue 14.87m shares in a new placing, at 37.57p/sh...Tribeca O&G subscribing for $5m.

(Amended for typo to $5m.Thks TGG)

http://www.petrolatinaenergy.com


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5 Posts on this Thread show/hide all

thegreatgeraldo 23rd Jul '10 1 of 5
2

Tribeca are taking $5 mill worth, shocking the way it seems to have leaked though. Understandable in a normal placing, but when there are only 2 placee companies, both connected to directors of the company!!!!

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Fangorn 23rd Jul '10 2 of 5
1

Yes you're right TGG.Typo on my part.$5m

It certainly leaked that's for sure. It's nearly as bad as GKP on the "news leakage" front frankly.

I see GKP closed up 21.4% on the day.

Presumably we will be getting a GKP RNS tomorrow on some major policy/acquisition/placing!

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Fangorn 26th Jul '10 3 of 5
2

Hmmm Pele up a whopping 37% this morning to 64p/sh.

Wow.

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jonnyt 27th Jul '10 4 of 5
3

Lets see what the new untested Colon sand channel brings shall we.

Best case Colon is 6 times bigger than first thought and currently reflected in P2/P3

i.e. This could be very very material to PELE

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thegreatgeraldo 30th Jul '10 5 of 5
1

A further placing, raising $11.5 mill to related parties at 40p.... hmmmmmmm

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