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HDW04

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  1. HDW04

    BOW

    SPP extended, doesnt appear to be any reason given, any insights? Cheers H
  2. HDW04

    BOW

    http://www.news.com.au/business/federal-go...i-1225942399854
  3. HDW04

    BOW

    Ouch Wish Id held out a couple of days. Lot of negative press flying around recently, both re CSG as a whole and the approval. IMO we might see some downward pressure ST, LT still a great opportunity, and if it dips further in the absence of these announcements, I might have another crack. Balls of steel required! Cheers H
  4. HDW04

    BOW

    I topped up recently at 1.26. IMO the potential risk around the approval and the delayed results are presenting a good buying opportunity. IMO the approval will come, and so will the positive results, further they'll hit the market around the same time, which should give the SP a run. Cheers H
  5. HDW04

    AOE

    Personally ill be putting the majority of it into BOW and DTE. Cheers H
  6. HDW04

    AOE

    An observation regarding AOE price movements over the last couple of months, below is a comparison of the All Ordinarys XAO and AOE: http://i1022.photobucket.com/albums/af342/HDW000/AOEXAOcomp.jpg Looking at April and May, IMO the comparison indicates that the recent sell off is more related to global economic sentiment (European sovereign debt) rather than the prospects of AOE as a business, or specifically that the Shell offer may not move forward. Cheers H
  7. HDW04

    AOE

    Barra, I totally agree and no one is more disappointed in the cash price than me, I think there has been some considerable manipulation and maneuvering over the past few months in the lead up to this bid, you'll notice that the bid price was based on the moving average of the months trading prior to the offer on the 8th of March, just so happens that months average price was the lowest average AOE has had in the last 8 months, im no conspiracy theorist but with the trading activity and negative press leading up to the bid it just seems all too convenient for me to swallow. I understand that we owned 90% of AOEI, and living in Oman I certainly understand the benefits of doing business in developed and politically stable nations like Australia, but my question is, have we really had an accurate view of what the Dart business is worth to date? I think the managements track record has been exemplary, which counts for a lot in my books. What doesnt make sense to me is that they would sell out, to what at face value, is obviously an undervalued price, particularly after rejecting a not so dissimilar bid last year, although having considerably strengthened the position of the company in the meantime. I would hazard a guess that the AOE management team know the value of AOE/Dart better than anyone, and I think this question of why the bid price seems low against precedents set in the market over the last couple of years will be answered when we get further visibility into the Dart business, and what value/potential it has. I could be wrong, and most probably am , but IMO we will learn more about Dart in the coming months and see that AOE management haven't sold out under this deal. Cheers H
  8. HDW04

    AOE

    IMHO I think today is purely a knee jerk reaction to what appears to be an offer that undervalues the company. I think as the acquisition unfolds we will begin to see what Dart is actually worth, and I believe ND and the management are fully aware of its potential. Due to the lack of information and concrete valuations, Darts value and full potential is not easily seen today, and I think this is creating a tendency to focus on the cash value of the offer, and overlooking the value/potential of Dart somewhat. It is a fantastic achievement for a management team to grow a company so consistently and rapidly as has been done with AOE. They have a very strong track record, and this shouldn't be overlooked when evaluating the potential of Dart, it certainly provides me with tremendous confidence in their capabilities in 1) understanding Darts potential and 2) executing in a similarly successful fashion to AOE. Finally reading the announcement, and although I am no expert, I get the feeling the way the demerger is being structured that the management team is adding substantial value potential to Dart. I hold Arrow. Cheers H
  9. Fantastic thanks Arty, Ill do my best to get my head around it! Cheers H
  10. Would anybody care to provide some TA for a TA rookie? Cheers H
  11. HDW04

    AOE

    AGM is on Friday, speculation is of a significant resource upgrade.... Cheers H
  12. HDW04

    WCL

    Come back a bit now, definitely some manipulation going on IMHO.... Cheers H
  13. HDW04

    WCL

    13 May 2009 Drilling Update ATP 688P coal seam gas drilling program WestSide Corporation Ltd (ASX code WCL) is currently conducting a five-well program in ATP 688P in the northern Bowen Basin. The program includes two exploration wells (Tilbrook #8a and #8b), two core holes (Mount St Martin #1 and Bald Hill #1) and a horizontal chevron-style dual-lateral well (Tilbrook #L8a and #L8b) being completed into one existing vertical well (Tilbrook #8). The two exploration wells have been completed on prognosis, confirming the depths and thickness of the target “P†coal seam. In each well, the net P seam is at least 8 metres thick, enabling the horizontal drilling to proceed as planned later this month. The Mount St Martin and Bald Hill core wells are designed to test the northern extensions of the Tilbrook field in the Moranbah Coal Measures and have a target depth of 400m to 500m. The wells will be appraised by coring (subsequent desorption of the coal cores will determine gas saturation and composition), Drill Stem Tests (DST) (to assess permeability) and logging (to confirm depth and thickness of coal seams). Latest activity Coring continues on the Mount Saint Martin #1 exploration core hole targeting the Moranbah coal seams. Casing was set to approximately 150 m. Eight coal cores have been recovered from the Upper Goonyella coal seams, and a further six coal cores have been recovered from the “P†seam. Early testing indicates that the coals are gassy, although it will be a number of weeks before accurate gas content data can be confirmed from the desorption process. Coring will continue through the coal seams to the target depth of 500m. The well will be logged and the permeability of selected coal seams will be tested via drill stem tests. Run up 6% already and looking strong. Cheers H
  14. HDW04

    ESG

    Looks like some support coming in around 31-32, big volume through today, up 3%, might signal a bit of a turn around. Cheers H
  15. HDW04

    ESG

    Ann out, no posts here for a while, anyone following: Massive Potential of the Narrabri CSG Project Confirmed Eastern Star Gas (ASX: ESG), together with joint venture partner Gastar Exploration Ltd (AMEX: GST & TSX: YGA.TO), is pleased to announce that results of the Edgeroi‑1 corehole have confirmed the northern extension of Bohena Coal Seam development and consequently the overall size and prospectivity of the coal seam gas resource potential of Petroleum Exploration Licence 238 (PEL 238). Mr David Casey, Managing Director of ESG, advised that “the Edgeroi‑1 corehole has confirmed ESG’s prediction that significant coal development exists in the northern portion of PEL 238. The Edgeroi‑1 well intersected at total of 23.5 metres of coal, including 10 metres in the primary target Bohena coal, in an area historically considered to be of low prospectivity. This is consistent with results from the Bibblewindi and Dewhurst areas, showing thick, fractured coals with high gas contentsâ€ÂÂÂÂÂ. Internal resource estimates suggest that the Edgeroi Field contains an upside potential recoverable gas volume of 634 PJ. “The results of the Edgeroi‑1 corehole are particularly exciting because the corehole was the first of the wildcat oriented exploration coreholes to be completed this year. Edgeroi‑1 has successfully demonstrated the coal seam gas potential of the northern portion of PEL 238, more than 50 km to the north of the existing and proposed Bibblewindi production pilotsâ€ÂÂÂÂÂ. “Furthermore, the Edgeroi‑1 results auger well for ESG’s farmin to PEL 427, located to the north of the Narrabri CSG Project and into which it is anticipated the coals intersected at Edgeroi‑1 may extendâ€ÂÂÂÂÂ.
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