Investments held by the Company as at 31/12/16.

Name

Number of shares

Share price

Valuation

African Pioneer PLC

59,529,532

(see note 2)

104,586

Anglo American PLC

11,500

11.600

133,400

Ascent Resources PLC

482,142

0.0173

8,341

Duke Royalty Limited

20,000

0.4700

9,400

ETFS Physical Platinum

2,250

70.2520

158,067

ETFS Copper

1,760

19.89

35,006

Galileo Resources plc

10,416,667

0.0155

161,458

Jersey Oil and Gas Plc

3,300

1.2550

4,141

Jubilee Platinum PLC

1,169,600

0.0353

41,287

MX OIL PLC

400,000

0.0.0110

4,400

New World Oil and Gas PLC

5,000,000

-

-

Northern Petroleum PLC

294,118

0.0411

12,088

PanContinental Oil and Gas NL

885,714

0.0058

5,137

Papua Mining PLC

230,000

0.0103

2,369

Revelo Resources Corp.

216,667

0.0422

9,143

Rex Bionics PLC

6,250

0.1950

1,219

Rockrose Energy Plc

100,000

44,620

Sovereign Mines of Africa Plc

2,000,000

0.0043

8,600

Sunrise Resources PLC

665,000

0.0012

798

Tertiary Minerals PLC

1,330,000

0.0.0098

13,034

Total Investments

 

 

782,294


Notes:

  1. The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 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") has now been delisted from ISDX and is valued on the basis of Tiger's share of APP's net assets on 30 June 2016 for the purpose of computing the quarterly PV.
     
  3. The Aurum Mining Plc investment was sold during the quarter ending 31 December 2016 for a total consideration of 221,426.78.
     
  4. New World Oil and Gas Plc ("NWOG") shares are suspended from trading and this investment is carried at nil valuation at 31 December 2016.
     
  5. Rockrose Energy Plc 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.
     
  6. Cash funds held by the Company at 31 December 2016 amounted to £388,312.98.
     
  7. 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 31 March 2017. The Company will disclose its investments on a quarterly basis when disclosing its PV.