Investments held by the Company as at 30th June 2017.

Name

Number of shares

Share price

Valuation

African Pioneer PLC

59,529,532

(see note 2)

144,000

Anglo American PLC

11,500

10.240

117,760

Ascent Resources PLC

482,142

0.0152

7,328

Cabot Energy Plc

294,118

0.0350

10,294

Duke Royalty Limited

20,000

0.4250

8,500

ETFS Physical Platinum

2,250

66.6280

149,913

ETFS Copper

1,760

20.0250

35,244

Galileo Resources plc

6,516,667

0.0600

391,000

Jersey Oil and Gas Plc

3,300

2.7050

8,926

Jubilee Platinum PLC

1,169,600

0.0375

43,860

MX OIL PLC

400,000

0.0065

2,600

New World Oil and Gas PLC

5,000,000

-

-

PanContinental Oil and Gas NL

885,714

0.0012

1,063

Pantheon Resources

31,500

0.5100

16,065

Papua Mining PLC

230,000

0.0122

2,806

Revelo Resources Corp.

216,667

0.0239

5,178

Rex Bionics PLC

6,250

-

-

Rockrose Energy Plc

100,000

0.4462

44,620

Sovereign Mines of Africa Plc

2,000,000

0.0038

7,600

Sunrise Resources PLC

665,000

0.0011

732

Tertiary Minerals PLC

1,330,000

0.0055

7,315

Total Investments

 

 

1,004,804


Notes:

  1. The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary shares") being the Company's issued share capital of 142,831,939 Ordinary shares less 4,500,000 Ordinary shares held in treasury.
     
  2. African Pioneer PLC ("APP") is a subsidiary company of Tiger Resource Finance Plc and this investment is valued on the basis of Tiger's share of APP's assets (cash and investments) as at 30 June 2017 for the purpose of computing the quarterly PV.
     
  3. New World Oil and Gas Plc ("NWOG") NWOG cancelled from trading on AIM and this investment is carried at nil valuation at 30 June 2017.
     
  4. Northern Petroleum Plc has changed its name to Cabot Energy Plc.
     
  5. Rex Bionics Plc's Ordinary shares have ceased trading on AIM and accordingly this investment is carried at nil valuation at 30 June 2017.
     
  6. Rockrose Energy Plc ("RockRose") shares were suspended from trading on 14 September 2016 pending the company's proposed acquisition of the non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields from Maersk Oil North Sea UK Ltd. This investment is carried at the prevailing share price prior to suspension from trading. RockRose shares were re-admitted to trading on 6 July 2017 at a premium to the share price immediately prior to suspension.
     
  7. Cash funds held by the Company at 30 June 2017 amounted to £395,410.94.
     
  8. All future reporting will be made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 30 September 2017. The Company will disclose its investments on a quarterly basis when disclosing its PV.