Velo Energy - 500 Beiträge pro Seite

[snafur]

Hier könnte demnächst was kommen.
Sicher noch kein Kauf, es wird zudem einen Reverse Split (10 : 1) geben, dazu eine Menge frisches Kapital benötigt, aber sicherlich etwas für die Watchlist.

Velo Energy Inc. Announces Management and Strategic Changes

August 7, 2009, Vancouver, B.C.: Velo Energy Inc. (“Velo” or the “Company”) (VLO : TSXV) is pleased to announce that it has embarked on significant changes to the Company’s management team, its strategy and region of focus.

Effective August 7, 2009, Mr. Arthur Millholland has been appointed President and Chief Executive Officer. Mr. Millholland previously served as the President and CEO of Oilexco Inc. (“Oilexco”). A number of former Oilexco senior management will also join the Company, and will initially concentrate their efforts on oil and gas exploration and production in the UK North Sea. The Company’s strategy will include focusing on lower risk undeveloped discoveries that can be brought into production in a relatively short time frame.

Mr. Millholland said, “The core team of people who played such a significant role in successfully finding and developing oil in the UK North Sea in recent years are very excited about the opportunity to work together once again. Our philosophy of active, low risk development and shortened time frames to production, combined with financial risk management reflecting today’s economic environment, will serve the Company well. “

The Company has granted 6,000,000 incentive stock options to purchase common shares at a price of $0.20 per share to the new senior management team. The stock options are for a five year term and are subject to regulatory approval.

Mr. Donald Gee has resigned as President and CEO. The Board of Directors wishes to thank Mr. Donald Gee for his dedication and service while at the Company.

On behalf of the Board of Directors

“Arthur Millholland”

President and CEO

[snafur]

Wow, 70% Plus nach diesen News. Und dabei ist sie schon im Vorfeld von 0,05 auf 0,20 CAD geklettert.

[snafur]

Und ich sach noch, kein Kauf, sach ich noch, LOL.
150% Heute, bei 5 Mio Stück Umsatz.
Börse kann manchmal echt bekloppt sein!

[KMST]

ist auf der watchlist...mal sehen ob die nochmal zurück kommt

[snafur]

Antwort auf Beitrag Nr.: 37.758.907 von KMST am 11.08.09 23:03:51

Ich denke schon, das die nochmal zurück kommt.
30 Millionen als MK ist doch etwas heftig für eine Firma ohne Assets und mit nur ein paar $ auf dem Konto.

Mal gucken, was die nächsten Schritte sein werden.

David Pescod / Canaccord hat auch schon seinen Kommentar abgegeben:

We suspect there are not many speculators or investors
out there that knew anything about Velo Energy a while ago
and I suspect there wasn’t much of a reason to do so. Now
all of a sudden as of last Friday, there are a lot of people
going to start following it.
Some will swear they will never touch the thing, others
will say it might be worth a shot. But why the spike in the
price and why would a person have feeling towards this play
at all…? Well, a little management change that probably
anyone who has watched BNN in the last year will know the
significance.

[KMST]

naja, das managment ist eben doch was wert und das bei velo eben scheinbar 15 mio$. ich werde es auf jeden fall neugierig verfolgen, millholland wird da schon was drauß machen, in den nächsten wochen dürfte wohl der ein oder andere dollar hier in der kasse eintreffen...

[snafur]

Erstaunlich, das der Wert nicht so richtig zurück kommt, nach dem fulminanten Start.
Scheint so, also hätten sich die Käufer längerfristig eingedeckt.
Ich warte trotzdem noch ab, bevor ich hier einsteige.

Mal sehen, was sich in den nächsten Wochen und Monaten noch in Sachen Finanzierung und Projekte tut.

Die neue Kernmannschaft um Art ist zumindest nicht von schlechten Eltern.

Velo Energy Inc. Announces Board Appointments


(via Thenewswire.ca)

Vancouver, Canada, August 19, 2009 - The Board of Directors of Velo Energy Inc. ("Velo Energy" or "the Company") (TSX-V: VLO) advises of several changes to its Board and senior management team. Effective immediately, Mr. Arthur Millholland, Mr. William Smith and Mr. Gareth Noonan have been appointed to Velo Energy's Board of Directors. They replace Mr. Charanjit Hayre, Mr. Tony Chan and Mr. Wan Jung who tendered their resignations simultaneously to the appointments in order to facilitate the Company's new strategic direction. The Board wishes to thank Messrs. Hayre, Chan and Jung for their past service to the Company. Mr. Donald Gee remains as a Director.

The Company also announces that Mr. Gareth Noonan has been appointed as Chief Financial Officer; Mr. William Smith has been appointed as Executive Vice President; and Ms. Aleksandra Owad has been appointed as Chief Accounting Officer. Mr. Noonan has worked in the financial industry for the past 11 years, most recently with Merrill Lynch & Co Inc. in London, England. Mr. Smith and Ms. Owad served in the same roles previously with Oilexco Incorporated.

About the Company

Velo Energy's shares are listed for trading on the TSX Venture Exchange (TSX-V) under the symbol "VLO".

On Behalf of the Board of Directors

Mr. Arthur Millholland, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Not for distribution in the United States of America

Copyright (c) 2009 Thenewswire.ca - All rights reserved.

[snafur]

Zwischenzeitlich sind noch mehr Oilexco Leute an Bord gekommen.
Zudem geht das Gerücht, das eine geplante Finanzierung von $150 Millionen zur Hälfte schon zugesagt ist.
Gestern nun die ersten Assets:

Velo Energy Enters Into Agreements for UK North Sea Properties

18:46 EDT Wednesday, October 07, 2009

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA/


CALGARY, Oct. 7 /CNW/ - Velo Energy Inc. ("Velo" or "the Company") (TSX-V: VLO) announces that its Board of Directors has approved two acquisitions that will give the Company the following interests in the UK Central North Sea:


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- A 100% equity interest in Block 16/26p known as "Caledonia".
- A 65% equity interest in Block 21/23a known as "Sheryl".
- A 50% equity interest in Blocks 28/9 and 28/10c known as "Catcher".
- A 65.17% equity interest in Block 22/15, which includes the Banks
Discovery.
>>

Velo's entrance into the North Sea was made possible by the acquisition of North Sea Oil Ltd., a Canadian based private company, and North Sea Oil Exploration Ltd. ("NSOEL"), a UK based private company. NSOEL recently entered into a Sale and Purchase Agreement ("SPA") with an arm's length third party vendor for the Caledonia, Sheryl and Catcher properties, and a Letter of Intent ("LOI") with a different arms length third party vendor for the Banks property. Management of the Company has direct experience with the Sheryl and Catcher properties as these were assets of Oilexco Incorporated's wholly owned subsidiary prior to its bankruptcy. A number of Velo's current senior management had previously been employed as senior management at Oilexco Incorporated.


Mr. Arthur Millholland, President and CEO of Velo, commented: "These acquisitions give Velo a core group of near and mid-term development properties upon which we can build a growing North Sea oil company."

Under the terms of the SPA, the Company will make an initial payment of US$12 million, an additional payment of US$8 million after gross production of one million barrels at Caledonia, and a final payment of US$5 million after gross production of three million barrels at Caledonia.

Caledonia previously produced 6.02 million barrels of oil from a single well until production was shut-in. In a report dated September 15, 2009 with an effective date of July 31, 2009, Sproule International Limited, independent reserves evaluators, estimated proved and probable reserves in the Caledonia field at 3.68 million barrels of oil and probable reserves of 2.1 million barrels of oil in the Sheryl oil pool (adjusted for a 65% equity interest). Both Caledonia and Sheryl are in the vicinity of third party operated production facilities. Catcher is an exploration property.

The Banks discovery well (22/15-3) encountered porous, deep-water turbidite sandstones in the Paleocene Forties Formation that were hydrocarbon-bearing in a four-way closed structure, and encountered a gross hydrocarbon height of 85 feet in the Forties. The hydrocarbon column had a gas cap of about 20 feet a (GOC at 8,698 feet) overlying a 50 ft oil column of 35 degree API.

The acquisitions of North Sea Oil Ltd. and NSOEL by Velo are related party transactions within the rules of the TSX Venture Exchange, as Velo's entire senior management team were either registered or beneficial shareholders of North Sea Oil Limited and NSOEL. Mr. Arthur Millholland, CEO and a director of Velo, did not vote on the resolution approving the transaction. The transaction is subject to regulatory approval. Velo will issue one million common shares to the owners of North Sea Oil Ltd. and NSOEL as payment for the acquisitions which will then result in a total of 66,608,888 common shares issued and outstanding. Both private companies will be wholly owned subsidiaries of Velo.

Both the SPA and the LOI are subject to financing and regulatory approvals in Canada and the UK.


About the Company


Velo Energy's shares are listed for trading on the TSX Venture Exchange (TSX-V) under the symbol "VLO".


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On Behalf of the Board of Directors
Mr. Arthur Millholland, President and CEO