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access

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Everything posted by access

  1. access

    RCO

    They can have a controlling interest at 51% but don't they need 90% to de-list? For as long as HPR and Noontide don't sell that won't happen and if they hold out then Fitzroy only have the 3% creep to continue buying after the offer is past it's expiry date. If HPR and Noontide continue to see the value that some other shareholders see above the 20c down the track why would they sell? I'm still hanging on.
  2. access

    RCO

    So who do we vote for or not vote for in this Spill Motion. From the way I read it Bruce Pretzel is the only Director up for re-election. Is he worth bothering with again. A shame some of the other Directors were not up for re-election as I would have been happy to vote them out. So if any of these other nominations receive more than 50% of the vote then they also will be on an even bigger board. More handouts for Directors sitting and doing nothing. Maybe I would have liked to see one Fitzroy and one Noontime elected now to keep each other honest and then when next election comes around they each provide a replacement for existing board members. If RCO can stay independent I consider there is some positives down the track. Just very annoyed with Directors for caving in as if it is all too hard for them.
  3. In August 2014 Pepee mentioned about a new Company formed by a combination of Solagift, Artlajf and IFAR. Here is some information on the new identity and what they hope to be doing: http://www.inotomsk.ru/en/materials/news/e...g-preparations/ http://www.investintomsk.com/informacionny...tavok_v_indiyu/ http://translate.google.com.au/translate?h...amp;prev=search
  4. This address adds a bit more confusion about SIBEKS. http://42525.ru.all.biz/en/ Maybe they were a retailer of Solagift products? We wait and see and hope for the best.
  5. There is still signs of life in the old dog. SLA are back doing Presentations, this one in July 2014 to a Russian - Chinese Forum. After reading up on the Tomsk SEZ site and going through this presentation I get the view that the new building may not yet have started construction. But the presentation details what they hope to produce from the plant. http://www.google.com.au/url?sa=t&rct=...jaipCG46BAbFeNg Happy reading. (It was slow to download).
  6. Hi Mosaic I tend to like the deal. Better than some of the other proposals people were throwing around. I thought HZN had worked too hard on expanding their PNG holdings to sell any more after the Osaka deal. Since that deal they have done an excellent job in increasing their holding in PPL259, which I am hoping will be the pleasant surprise for this year when they start drilling. If the first well is positive then there is a good chance that they could use the Stanley plant for processing. The Exxon Mobil news today that production of LNG from the first PNG LNG train has now commenced will be a good leg-up for the gas industry in PNG. Found an interesting bit of news in the CUE quarterly today. In today's HZN Presentation they have included the whole of PEP51313 off New Zealand. CUE advise that the joint venture partners have elected to not drill a well in the Te Whatu area and as a consequence have relinquished the western portion of the license.
  7. So my reading of that presentation is that they are making a range of additives for other products eg health drinks, chicken feed, soaps etc. but amazingly they still do not have the Russian Ministry of Health certification to sell medicinal products eg Ropren. Am I reading it correctly?
  8. Quite surprised today to received in the mail a copy of the video in DVD format from HZN. It is the same as the You Tube video.
  9. No mention of this information regarding Stanley in the Half Yearly Announcement or the accompanying Presentation. I thought that a decision had already been made that 10% of Stanley was located in PPL 259 (that has HZN as a joint venture partner). If we are still awaiting an approval for Stanley to proceed then I cannot see a Tier 1 prospective partner buying in until it is sorted out. http://www.pngindustrynews.net/storyview.a...tionsource=s194
  10. access

    JKA

    The release of this 'bullish' recommendation now wouldn't have anything to do with 70 odd million 20c options due for payment on 31st December 2012. Especially with the share price being only 18c up to yesterday. The article is a rehash of an investment group article from a month or two ago. The writer indicated he had quite a few options that he purchased at .014 cents each and was hoping to get .10 cents each for them before they expired on 31st December. DJ Carmichael are lead Underwriter of a group that are underwriting up to $10 million of the shortfall. I am impressed with the prospects for JKA but I don't think the whole story was revealed.
  11. Hi Turiya, Any more than one tube at a time would be a waste for me. The last tube I received only had about four months to go before it was due to expire, I just kept using it past the expiry date. So I am assuming that Sigma threw out (or got a refund for) a quantity of Bioeffective Gel that had past the expiry date and didn't order any more. Regretfully, the product works well for the purpose I use it but not to the extent that I will pay $30 for it. If the product is only going to be available through Pine Needles, then, from a shareholder perspective, that is a marketing disappointment. As a side note I found it of interest to read your previous posts. Do you have a working interest or close contact with Pine Needle Products? If so, can you indicate what their sales are like?
  12. And now you can't get Bioeffective Gel through any retail shops. Solagram had an arrangement through Sigma to supply the Gel through Amcal Chemists. I have used a local Amcal store to put in a special request for me previously (not an item they kept in-store). I didn't get charged for the freight. When I tried to order yesterday they rang through and were told it is a discontinued line from Sigma. Without sounding too cheap I don't feel like paying $9 freight on a small tube from the Pine Needle mob when I can get a case of wine from Adelaide or Melbourne to Brisbane for $5. Does anyone get their Bioeffective Gel through anywhere cheaper than Pine Needles?
  13. It appears that Solagran have applied for an Australian Trade Mark for Bioeffective A in June 2012. http://www.ipmonitor.com.au/trademarks/case/1496846
  14. access

    DYE

    Don't quote me on it, but I seem to remember reading somewhere that DYE had made a call on Tulloch's to repay an amount of about $300,000 that was owing. Maybe this is why they had to sell shares.
  15. Hi MM, Mosaic has given you a good idea of the bright future for HZN. I got the impression from one of your posts that you were confused by the variance in the current share price and what the Brokers are predicting the price will be. My view is that the current share price is being held back by ongoing production problems at Maari. They don't seem able to overcome the pump problems etc that are curtailing production. As at last month they were down to producing 11,000 barrels of oil a day (1,100 barrels for HZN) from a production facility with a capacity for 26,000 barrels a day. A lot of fund managers don't like the uncertainty of a company with only one field in production. So when Beibu starts production that risk will be reduced. The China facility will be able to produce up to 20,000 barrels a day from which HZN will have a 27% share. With the China development on budget and on time so far the share price may start improving if the exploration wells are successful. Otherwise it will kick in when China production starts ramping up.
  16. Attached is a really positive news item released in PNG about HZN and its plans for development of PRL4 and in more depth PRL21. Emmett comments that PRL21 will be developed a lot quicker than PRL4 as a lot of the pre-development work is already done. It is interesting to read that PRL21 is planned to produce 60 barrels of condensate per million cubic metres of gas, double the quantity of PRL4 (30 barrels). http://www.pngindustrynews.net/storyview.a...ectionsource=s0
  17. Hi Mosaic, I would be hoping they don't sell any PNG assets. For me the PNG project has been the jewel in their crown. It was always their own special baby. They made a big call years ago when they bought out the other partners so that they would not be caught out again because partners ran out of cash as in previous projects. At that time the Western Highlands of PNG were the backblocks. That was until the PNG Sustainability Fund decided to fund infrastructure development in that area from OK Tedi profits and talk of a pipeline to the coast moved on from being a dream. HZN took the ball and ran with drilling and developing PRL 4 and PRL 5 (now PRL 21) by themselves with great success. They are Project Manager and I think this is where they want to be. Lesser production from Mauri has made them tighten their belt, but it has not stopped them expanding into PPL 259 in PNG. This will give them a bigger share of Stanley as it extends into PPL 259 and they already have plans to drill the first well in that block before the end of this year, with other serious prospects between PRL 4 and PRL 21. This will give them even more independance from big joint venture partners. Once the cash starts flowing from China at the end of this year I think we will see a big upturn in developing the PNG assets as well as extended New Zealand assets. At that point the institutions will sit up and take notice of HZN. Below is an announcement of development plans for PPL 259. http://finance.yahoo.com/news/eaglewood-en...-220000186.html
  18. A Pastor goes to the dentist for a set of false teeth. The first Sunday after he gets his new teeth, he talks for only eight minutes. The second Sunday, he talks for only ten minutes. The following Sunday, he talks for 2 hours and 48 minutes. The congregation had to mob him to get him down from the pulpit and they asked him what happened. The Pastor explains the first Sunday his gums hurt so bad he couldn't talk for more than 8 minutes. The second Sunday his gums hurt too much to talk for more than 10 minutes. But, the third Sunday, he put his wife's teeth in by mistake and he couldn't shut up...
  19. I always viewed the target market for Bioeffective A 320 was the same market being targeted by Swisse. It looks like the advertising campaign for Swisse has now come unstuck with the Theraputic Goods Administration in Australia. The marketing was obviously successful as they had $170 million in sales here. What surprised me was that they were not investigated until the TGA received two annonymous complaints about the claims made by Swisse in their ads. http://www.news.com.au/business/watchdog-s...i-1226296065133
  20. Regretably SLA's marketing in Australia still sucks. I use to get the Bioeffective A320 through my local pharmacy who could obtain supply through Lifespan. Then they coudn't get suppy any more through Lifespan and I never bothered to get it on-line. In November I thought I would try the Bioeffective Gel. Tried to order through my local Amcal, but they had no idea what I was talking about. Again tried through them two weeks ago and, still not knowing what I was talking about, they rang their supplier and found they could place an order for me. The Bioeffective Gel arrived last week but my problem now is this 'fresh' stock straight from the supplier expires in August 2012. Don't really think I will be using much of it within 7 months. Very disappointed.
  21. Hi Gimo, Sorry to wreck your party any more but going by a recent OXX presentation Shell are not planning to drill Palta-1 in WA384P (adjacent to W10-25) until third quarter in 2012.
  22. access

    YOUTUBE!

    The producers of this beer commercial borrowed a small 150 seat cinema playing a popular film, and filled 148 of its seats with rough-looking, tattooed bikers, leaving only two free seats in the middle of the theater. They then allowed theater management to sell tickets for the last pair of tickets to several young couples. What would you do? Watch till the end ..... http://www.theinspiration.com/2011/09/carl...tunt-in-cinema/
  23. With the Stanley deposit now proven I would think the next development announcement for HZN/TLM in PNG will probably be in relation to a joint venture for a plant to process gas for the local Western Highland area. It may need to be up and running by 2013. On another note, I'm still not impressed with the production rate in New Zealand. I hope they can do better than the 15,000 barrels a day advised in recent announcements.
  24. Hi Mosaic Are you thinking along the lines of something different than Talisman doing a possible deal with Exxon Mobil to join in on their third or fourth gas train? http://www.lngworldnews.com/talisman-may-s...pua-new-guinea/
  25. Mosaic, I have a question for you. When a resource extends between two seperate blocks, how is a division made between ownership of that resource? Obviously the Sepalosiphon prospect comes to mind where NGE estimate they have 65% on their side of the boundary of a possible resource amounting to 46 MMBOE. This leaves HZN with the remaining 35%. Assuming they don't both drill wells on each side of the boundary and pump like crazy, do both parties accept an independant assessment then, in this case, HZN contribute towards a percentage of costs for an equivalent percentage or returns from the wells drilled on NGE side of the boundary? The second case in mind relates to HZN and the Stanley resource. I believe that Eaglewood Energy, who have PRL259, are in discussion with HZN about how much is on their side of the boundary. Eaglewood are having a hard time of it at present. The Ubuntu-1 well they drilled with Talisman west of HZN's new PRL21 did find gas but not as much as the market hoped. They had to pay their own 50% of costs for the well and it had big cost overruns. The share price got hit pretty hard. Eaglewood only farmed out 10% of PRL259 around the Ubunto well to Talisman so maybe there is still a chance for HZN to farm-in to another part of PRL259 closer to PRL4. Eaglewood are supposedly in discussion for further farmouts at the moment. I noted a recent discussion between yourself and Triage relating to the connections with ORG and Andrew Stock. There is another possible connection relating to PNG that you may not be aware of. Back in 2002 when BHP sold out of OK Tedi the PNG Government set up the PNG Sustainability Development Program Ltd. This program receives the profits from OK Tedi Mine and has built up a holding of about one billion kina. In a way it is similar to Australia's Future Fund. One third of these proceeds are directed for sustainable development in the Western Province, where the mine is situated. The intention is to develop other projects to keep people employed in the area after the open cut mine closes in 2013. About 2,000 locals are employed at the mine and the fear is that after the mine closes they will either leave the area or be unemployed. One problem is that is that the hydro scheme may not continue after the mine closes so people in the local towns may lose access to elecricity at a time when development of the area is a priority. Not everyone has electricity and those that do at present are generally subsidised by the mine. This is possibly where HZN and a power plant comes into consideration, for development of the local area and future developments (eg. other mines) with a plant being built using Sustainability Funds. Now for the ORG connection. PNG Sustainable Energy Ltd, a subsidary of the PNGSDP, was originally established in partnership with Snowy Mountains Engineering Corp to work on energy developments in PNG. In 2009 a new agreement was executed with the Snowy Mountain Engineering Corp share being purchased by Origin Energy Limited.
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