RE: RE: PP / Wisee Not Scaring AnyoneMy point this that there are several pumpers on this board that want to let readers believe SDX is the next Centurion.
I hope you agree that SDX is no where close to Centurion, and never will be with >250 million shares outstanding!
Sorry ! But I had to just clear the AIR here...
These are the same guys here running the same game ...
Only the name had been changed.....Same country, same type of deals ,same people involved...
SO you said they (Centurion) only had 50 Million outstanding when sold out for 1.25 Billion.
Correct!!! Does their DEBT count.....99 Million outstanding .....
Just wondering.
June 19, 2006
Centurion granted access to $US215 million of debt capacity available immediately upon closing.
Wow! good thing they never Diluted....
Interesting.
That is your argument here......Correct!
That pumpers are not telling the truth.....
Here is a neat Story ..............
A little story I like to call the Centurion....
Bought for
12 Canadian dollars ($10) in cash per share with debt of 99 Million
HOW MANY SHARES would that be ?
12 dollars a share and a 1.25 Billion Buyout.
That is easy math .....RIGHT!
AWWWWWWWWWWWWW!!!!
ALSO !!!!!!!!!!!!!Everyone Does PP............Where else do you get money to BUY land and DRILL....
Sound Familar Centurion 2004
JULY 27, 2004 - 12:10 ET
Centurion Announces $10 Million Bought Deal FinancingThe financing will consists of the placement of 3,030,303 common
shares of Centurion at $3.30 per common share for aggregate
proceeds, before expenses and costs of the issue, of
$9,999,999.90.
JULY 29, 2004 - 09:30 ET
OH but wait!!!!!!!!!!!!!!!!
Centurion Increases Size of Bought Deal Financing to $20
MillionCenturion has embarked upon an aggressive drilling program on its
two production leases in the Nile Delta region of Egypt. The
company has previously announced its plans to substantially
increase gas production from this area and now is estimating
capital expenditures in excess of $100 million US over the next
sixteen months to drill additional wells and add new
infrastructure or expand existing facilities.
2006 NovCenturion Energy International Inc. [TSX:
CUX; AIM:
CUX], a Calgary natural gas producer with major operations in Egypt, has struck a friendly cash and debt deal to be acquired by Dana Gas PJSC of the United Arab Emirates for about C$1.25 billion.
.At C$12.00 per Centurion share, the equity value of the transaction is approximately C$ 1.15 billion on a fully diluted basis. Dana Gas will also assume Centurion's net debt of approximately C$99 million, giving the transaction a total value of approximately C$ 1.25 billion, or US$ 1.10 billion.
Besides, Egypt, Centurion Energy International has explorations concentrated in Tunisia and off the coast of Nigeria. It produces about 32,000 barrels of oil equivalent a day and aims to pump 38,000 barrels by the end of the year.