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Last 0.19 GBp
Change Today 0.00 / 0.00%
Volume 1.5M
PRS On Other Exchanges
As of 11:30 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

paternoster resources plc (PRS) Snapshot

0.19 GBp
Previous Close
0.19 GBp
Day High
0.19 GBp
Day Low
0.19 GBp
52 Week High
09/9/14 - 0.36 GBp
52 Week Low
04/2/15 - 0.19 GBp
Market Cap
Average Volume 10 Days
-0.0002 GBp
Shares Outstanding
Dividend Yield

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paternoster resources plc (PRS) Details

Paternoster Resources plc invests in the natural resources sector in the United Kingdom. It invests in unlisted/pre IPO and listed companies. The company was formerly known as Viridas plc and changed its name to Paternoster Resources plc in June 2012. Paternoster Resources plc was incorporated in 1932 and is based in London, the United Kingdom.

2 Employees
Last Reported Date: 06/5/15
Founded in 1932

paternoster resources plc (PRS) Top Compensated Officers

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Executives, Board Directors

paternoster resources plc (PRS) Key Developments

Paternoster Resources plc, Annual General Meeting, Jun 29, 2015

Paternoster Resources plc, Annual General Meeting, Jun 29, 2015., at 11:30 GMT Standard Time. Location: Adams & Remers LLP, Dukes Court. Agenda: To receive the company's annual accounts for the financial year ended 31 December 2014 together with the directors' report and auditor's report on those accounts; to re-appoint Welbeck Associates as the company's auditors to hold office from the conclusion of this meeting until conclusion of the next meeting at which accounts are laid before the company and to authorize the directors to agree the remuneration of the auditors; to re-appoint as a director Graham Haselden; to re-appoint as a director Matt Lofgran who was appointed since the last annual general meeting and is standing for re-appointment in accordance with article 34.2 of the company's articles of association; to approve general mandate to directors to allot shares in the Company or grant rights to subscribe for or to convert any security into shares up to an aggregate nominal amount of £336,429; and to approve allotment of equity securities in connection with an offer by way of a rights issue.

Paternoster Resources plc Announces Audited Earnings Results for the Full Year Ended December 31, 2014

Paternoster Resources plc announced audited earnings results for the full year ended December 31, 2014. For the year, the company reported total income of £121,244 compared with £238,411 for the same period a year ago. Loss before tax was £120,372 compared with £21,144 for the same period a year ago. Loss for the year and total expense was £120,372 or 0.021 pence per basic and diluted share compared with £21,144 or 0.004 pence per basic and diluted share for the same period a year ago. Net cash used by operating activities was £177,609 compared with £382,410 for the same period a year ago. Net asset value at December 31, 2014 was 0.404 pence per diluted share.

Paternoster Resources plc and Littoral Oil and Gas Limited Announce JV to develop North African oil opportunities

Paternoster Resources plc announced that it has entered into an agreement with Littoral Oil and Gas Limited. Littoral and Paternoster plan to jointly evaluate, acquire and develop oil and gas assets, initially in Algeria. This agreement is in line with Paternoster's strategy of investing to create companies that can acquire and secure material assets, and then progress as independent entities. Littoral has already spent the past 12 months evaluating existing subsurface data over the areas where assets will now be sought. Paternoster has incorporated a new company, to be known as Atlas Oil and Gas Limited, registered in England and Wales. Under the terms of the Agreement, Paternoster shall hold 90% of the ordinary shares in Atlas, with Littoral holding 10%. Using Paternoster's corporate experience and Littoral's North African expertise, the companies will work together to acquire assets in known, hydrocarbon-producing basins. All licenses secured by Atlas will be held in a special purpose vehicle, to be incorporated in an appropriate jurisdiction. Algeria has been selected as an initial focus in North Africa on the basis of its stability, contract terms and excellent infrastructure. Atlas will focus on undeveloped discoveries and shut-in fields within proven petroleum basins. The operational emphasis will be on leveraging technology to keep production costs down, with a quicker path to production and revenues.


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