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Market Cap

3.50p (-0.25p) -6.67% Down AIM Fossil Fuels and Distribution £2.12m
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Commentary

Oil exploration and development company focused on the North Sea UK Continental Shelf

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Articles from the Sector

Financial History

Financial Year End 31/10/2006 31/10/2007 31/12/2007
Currency GBP GBP GBP
Turnover 0.00 0.00 0.00
Operating Profit 0.00 -1.02 -0.98
Pretax Profit 0.00 -0.88 -0.73
Earnings After Tax 0.00 -0.88 -0.73
Profit Available For Dividend 0.00 0.00 0.00
Ordinary Dividends 0.00 0.00 0.00
Retained Profit 0.00 0.00 0.00
Shareholders Funds 0.00 9.12 22.69
Net Current Assets 0.00 0.00 0.00
Adjusted Earnings Per Share Undiluted 0.00 -0.03 -0.12
Adj Earnings Per Share 0.00 -0.03 -0.12
Dividend Per Share 0.00 0.00 0.00

Company Details

Address Banchory Business Centre, Hill of Banchory Business Park, Burn O'Bennie Road, Banchory, AB 31 5ZU
Telephone 01330 826 740
Fax

Executives

Chairman Roger Ramshaw (0.00% holding)
Chief Executive Richard Smith (10.00% holding)
Finance Director Rupert Cole (10.00% holding)
Exploration/Dev Dir Stephen Kew (10.00% holding)

Main Shareholders

RAB Octane (Master) Fund: 12%
Altima Global Special Opportunities Master Fund: 5%
Colonial First State Asset Management (Australia): 4%
Jeremy Tyson: 3%

Advisers

Nominated Adviser Strand Partners
Nominated Broker Westwind Partners
Solicitors Stikeman Elliott
Auditors BDO Stoy Hayward
Registrar Computershare Investor Services

Commentary

Oil exploration and development company focused on the North Sea UK Continental Shelf

Company Data

Code XEL
Sedol VGG9828A11
Shares In Issue 60.550 m
Indices
Entry on AIM 16/11/2007
Interim Results Aug
Final Results Apr
Year End Dec
Accounts Due n/a
Int div payment n/a
Fin div payment n/a
Int net div per share nil
Fin net div per share nil
Probable CGT relief