CGHI...IPO set for tomorrow (Wed 10/4) according to this link!...(look for Arrik Energy)
londonstockexchange.com
expected to raise 15 million British Pounds which is over US$28 million (15 x 1.889) That should cover initial expenses...
CGHI
O/S 296,151,064 per TA 10/2/06 (was 271,151,064 per TA 7/3/06)
Float ~120 million (per IR 5/06, confirmed 7/7/06)
centuriongold.com
47.6% interest in possibly as much as 0.9-1.7 Billion Barrels of Oil and 3.2-8.6 TCFG !!!
investorshub.com
Description of business
The primary objective of Arrik Energy Inc (‘‘Arrik’’ or ‘‘the Company’’) is to create value for its stockholders through identifying hydrocarbon resources in the Cook Inlet and exploiting them, to the extent that it becomes economically feasible, with a view to becoming a key independent oil and gas producer in Alaska. The Company was incorporated in 2006 to acquire four onshore petroleum leases in the Cook Inlet of Alaska known as ‘‘North Alexander’’, covering approximately 23,000 acres, and six contiguous offshore petroleum leases in the Cook Inlet, known as ‘‘East Kitchen’’ and covering approximately 30,000 acres. In addition, Arrik holds options to acquire a further 21 contiguous offshore leases in the same area, known as ‘‘Kitchen’’ and ‘‘South Kitchen’’, covering approximately 70,000 acres. The Kitchen Leases and South Kitchen Leases are currently owned by Galena, a subsidiary of Centurion Gold Holdings Inc., the Company’s controlling stockholder. |
