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In reply to: LCZEL on Monday 07/03/05 04:28pm

There obviously should be some rough mkt cap correlation with other flour bluff participants, but BWT (soon to be Aurora Energy) will more than likely be doing some other interesting things in the international energy sector that are unlikely to include the likes of VPE, SUR etc as partners. Much of the current re-rating may be better put down to people finally relising that BWT is no longer in the hire suit business, and with an AA list of major shareholders now that have a proven track record and ambition to try and take the shares to another galaxy.

 

I assume that is why they are calling it Aurora Energy.

 

Simple as that http://www.ShareScene.com/html/emoticons/biggrin.gif

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In reply to: simple on Wednesday 09/03/05 02:17pm

with BWT auditors saying there is a inherent uncerainty regarding continuation as a growing concern, we must realise that this is a one hit wonder to win 12.5% in the well.

if it's a fisser then we can look foward to more share sales or the company being history. http://www.ShareScene.com/html/emoticons/sadsmiley02.gif

 

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In reply to: deadone on Wednesday 09/03/05 03:09pm

Just about every spec/explorer has an "inherent uncertainty" clause.

They have to put this in to protect themselves...what it really means is the cmpy is not cash/flow positive at the time of audit. Obviously to survive...it may need to raise money...if it doesn't raise money,it won't survive.

 

Some smart WA money has gone into this stock....it is now an energy play in the most condusive country to be supplying energy to.

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In reply to: LCZEL on Wednesday 09/03/05 03:50pm

with america using a third of the worlds energy, there is no shortage of markets, i think this one is a gower.

only thing how much profit in 12.5 % ?

needs heaps more wells to make a realistic profit. : http://www.ShareScene.com/html/emoticons/rolleyes.gif

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In reply to: deadone on Wednesday 09/03/05 04:35pm

Not sure I agree Mr Deaddone, a modest 12.5% initial equity for Hardman in Mauritania didn't do them too much harm!

 

I must agree though, all junior energy stocks have a greater level of risk, and only professionals should really be playing. If the Flour Bluff deal doesn't work out for BWT, I have no doubt that this new team will find another project to get things moving (before any threat of the stock slipping out backwards).

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In reply to: madgwick on Thursday 17/03/05 02:41pm

it certainly is a goer

and the news will keep coming http://www.ShareScene.com/html/emoticons/king.gif

there is a good management team behind this one

Kevan

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In reply to: kevan on Thursday 17/03/05 03:03pm

I've just got onboard tho i have been watching for a while, hope the upward movement continues! and look forward to future ann's re Flour Bluff! http://www.ShareScene.com/html/emoticons/laughingsmiley.gif

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