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mptrader
Posted on: Feb 16 2011, 02:57 PM


Group: Member
Posts: 171

Operating costs are coming under control and they have exposure to the upside in the gold price. Both good outcomes to help get these guys cooking.
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mptrader
Posted on: Feb 16 2011, 02:52 PM


Group: Member
Posts: 171

These guys are ticking along - I have high hopes for NGF and NGE. Good positions but they need to do the leg work to convert!
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mptrader
Posted on: Feb 16 2011, 02:51 PM


Group: Member
Posts: 171

It will be a good day when HZN cracks the 45c mark and holds it, It has been a long road for the holders since it was sub 10c over 4 years ago but it has been a steady performer. We always get stuck in this holding patern between 32c and 40c!
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mptrader
Posted on: Feb 16 2011, 02:48 PM


Group: Member
Posts: 171

I too have reduced my holding although they are still going strong. I would suspect that they will plateau off at some point in the near future for a breather. I have retained my free carry but thought that there were better risk reward plays out there (NGE/NGF along with TLS and NAB).
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mptrader
Posted on: Jun 1 2010, 12:10 PM


Group: Member
Posts: 171

All is very quiet on the good ship HZN. Just playing the waiting game is not good for HZN in this market, but is good for me. My only consern is the drop in oil price if Europe falls. I will be buying on weakness but only dribs and drabs until we get some results or the markets stop jumping around.
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mptrader
Posted on: Apr 9 2010, 01:42 PM


Group: Member
Posts: 171

I think that all MIN holders should be happy - going from strength to strengh perfect time to enter the market from an asset price perspective.

Very exciting
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mptrader
Posted on: Feb 17 2010, 12:53 PM


Group: Member
Posts: 171

This all went a bit quite......

Ann out - We have a rig for Q2 so lets hope we get some good results.
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mptrader
Posted on: Feb 11 2010, 10:32 AM


Group: Member
Posts: 171

Bam,

I would agree with Moasic's response.

Either way the expense is related to producing income. There is no ruling that you are required to manage your affairs cheaper, faster or in the same way as others. If you are going to use the registry to provide you with the cost base info or a personal assistant they are both costs related to producing income thus would be deductible. The revenue vs capital accounts can get a bit messy to work out and would ask the accountant.

On another note I received an inheritance of some WOW shares without any of the cost base info and the registry was able to provide me with all of the purchases and sales (both date and price).

Hope this helps.

  Forum: Investment Discussion

mptrader
Posted on: Feb 11 2010, 10:23 AM


Group: Member
Posts: 171

I too have used this opportunity to add to my holdings. DTL has continued to improve it's profits each year through organic growth and strategic acquisitions. I am looking to see it’s ROE improve this half, the ROE posted at year end was down but they have positioned themselves to grow.



As I had hoped the cost base looks like it has remained stable but revenue has increased. Looking forward to seeing the numbers.

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mptrader
Posted on: Feb 11 2010, 10:07 AM


Group: Member
Posts: 171

I feel like we are just playing the waiting game atm, no real news, no material movements in oil prices just waiting.....
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mptrader
Posted on: Jan 27 2010, 12:13 PM


Group: Member
Posts: 171

Hert,

I should point out that there are a number of variables that influence the commercial potential of a find. e.g.

  • Proximity to refining plants and infrastructure
  • Rock and soil structures etc.


The grades provided should only be used as a guide, they not relate to the SAU area specifically. The total cost of production ends up driving the required grade to turn the gold in the ground into something worthwhile.



  Forum: By Share Code

mptrader
Posted on: Jan 27 2010, 10:53 AM


Group: Member
Posts: 171

• • 27 metre-grams of gold per tonne of rock is the historical mining of the in situ resource grade. • Due to mechanisation modern mining uses a lower cut-off grade of 5.5 grams of gold per tonne of rock delivered to the gold extraction plant and 3 metre-grams of gold per tonne of rock as its underground resource cut-off grade.
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mptrader
Posted on: Jan 4 2010, 02:05 PM


Group: Member
Posts: 171

DTL is plowing on ahead and getting a bit of notice in the press.

Jan 2 Weekend Australian has listed DTL as one of the 100 best ways to make money this year.

Good little write up, NBN & NAB contracts etc - it has my other fav HZN along with the Pengana small companies fund.

Happy new year to all those reading.
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mptrader
Posted on: Jan 4 2010, 01:58 PM


Group: Member
Posts: 171

Sat 2nd of Jan in the Australian - Business Section, Top 100 way to make money this year.

HZN is one of 4 producers in Oil and Gas section to be noted others are STX, OHS, AWE.

Reasons for inclusion are:


  • Growth in China
  • Exploration appeal in Taranaki and PNG
  • Debt Free and Self funding


Sounds like the right place to be to me..... Still holding.
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mptrader
Posted on: Dec 17 2009, 12:49 PM


Group: Member
Posts: 171

There are a few hoops to jump through, including the AXA board (not that I see this being a problem). There are a few concerns from my perspective.

APRA & ASIC Approval - The concern would be the ability of nab (MLC) to be able to resource the integration without impacting customer, I don't think that this approval would be a prob.

ACCC approval - the market share for the combined org would be about 25% on most metrics and would make it the largest player in Aus. In other industries this might be a problem but the findings of Ripoll's enquiry has stated that there needs to be a consolidation in the industry to allow for scale benefits. The cost of super through retail funds will be driven down due to the merged entities scale benefits (not up where the ACCC would be concerned).

There is also a good range of competitors with CBA and AMP.

I think that this is a large strategic play against AMP by NAB. The only other option is that AMP up their bid again..... but capital could be a constraint.

Having just purchased Aviva, NAB will have integration teams ready to hit the ground running.
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mptrader
Posted on: Dec 9 2009, 09:23 AM


Group: Member
Posts: 171

· The Australian Government may lend $US500m ($A547m) to the $US15bn Papua New Guinea liquefied natural gas (LNG) project. Simon Crean said the investment would provide a boost for Australia, with Australian exporters preferred tenders for $US1.2bn of contracts. In the deal Australia would help PNG establish a national wealth fund similar to the Future Fund.

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mptrader
Posted on: Dec 9 2009, 09:22 AM


Group: Member
Posts: 171

The Australian Government may lend $US500m ($A547m) to the $US15bn Papua New Guinea liquefied natural gas (LNG) project. Simon Crean said the investment would provide a boost for Australia, with Australian exporters preferred tenders for $US1.2bn of contracts. In the deal Australia would help PNG establish a national wealth fund similar to the Future Fund.

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mptrader
Posted on: Dec 9 2009, 07:53 AM


Group: Member
Posts: 171

I am supprised to have seen this dip in NGE with all that is happening in PNG atm I would have expected to see a gradual re-rating.
Exxon putting cash into the area with support of the PNG gov, NGE is poised with some quality land. As the majors put money into the area it should provide good intel for the minors! rolleyes.gif

http://www.reuters.com/article/idUSTRE5B70Z420091208
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mptrader
Posted on: Dec 3 2009, 01:19 PM


Group: Member
Posts: 171

I have dipped in to the ship NGE floating on top of some LNG (hopefully) as a longer term play. The permit placement in PNG provides a good base for the co to expand and get JV partners in to share dril costs and tie back to piplines.

PNG is starting to heat up.

Just got to sit back and wait for some results!
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mptrader
Posted on: Nov 9 2009, 01:38 PM


Group: Member
Posts: 171

This would be worth 6.6c ps to NWE (if correct) there is the blue sky on top as well.

I am out of this one atm, I suspect that it will slide for a while then pick back up.

Good luck to those that hold
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mptrader
Posted on: Oct 20 2009, 02:12 PM


Group: Member
Posts: 171

I'm out!

I do not see this going anywhere over the next couple of months...... Lower volumes, I would expect the SP to slowly slide over the next 3 or so weeks. I would imagine that we will end up in the high 1c or low 2c range.

I would consider getting back in if it did drop but not at these levels. The market will really start to look at the ongoing viability given their cost base and revenue position.

Happy days.

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mptrader
Posted on: Oct 20 2009, 02:09 PM


Group: Member
Posts: 171

This could be the next leg up, both the chart and the fundamentals support the move. The increasing POO, addition of Matariki and the the breaking of the old upper resistance all good signs for the upward move of HZN. The next stop will be around the 44c mark where significant consolidation could occur given no changes to the outlook.

Happy days - Will be sitting tight on this one. There is too much going on.

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mptrader
Posted on: Oct 7 2009, 07:42 AM


Group: Member
Posts: 171

It could be AED or the Chineese buying ouut the ORR at a cheap price...... but there is not holding notice...

Who knows, all spec atm.
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mptrader
Posted on: Sep 1 2009, 10:51 PM


Group: Member
Posts: 171

I'm still here!

I agree I was happy with the result but they have grown their cost base by a large portion to produce a slight improvement in return. I would like to know if they will be able to reach the same effecency targets to improve their ROI.
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mptrader
Posted on: Jul 14 2009, 10:54 AM


Group: Member
Posts: 171

Ann out with Cambodian ag results. The info looks good. I would like to see a potnetial development timetable given futher +ve results.

What are the chances of a farm in for development based on the shows. I think that this is the only way that they will be able to be turn our money into gold.
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mptrader
Posted on: Jun 12 2009, 09:23 AM


Group: Member
Posts: 171

Has anyone had a good look at PNN in a while,

They look like the are poised for a good recovery....

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mptrader
Posted on: Jun 3 2009, 01:34 PM


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Posts: 171

Thankyou, they were my initial thoughts.
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mptrader
Posted on: Jun 3 2009, 01:25 PM


Group: Member
Posts: 171

I am looking for some clarification around the scaleback of the SPP. I have called HZN but they have not replied yet.

Do you have to meet both conditions (bought after the 14th of May and held less than 5k on the 28th) or just one to get scaled back? I hope that it is both as I sold down some of my holdings to be able to afford the full SPP allotment. I was going to increase my holdings and thought I would do it through the SPP rather than on market.

I have been a holder of HZN from when it was under 10c in 2005 bought up all the way and only sold to fully participate in the SPP. I will be very disappointed if this was the outcome....
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mptrader
Posted on: May 15 2009, 04:37 PM


Group: Member
Posts: 171

I am very happy with the recovery that HZN has made of late. This is a stable business with strong cash flows and I have faith in their management team in these times.
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mptrader
Posted on: May 11 2009, 01:02 PM


Group: Member
Posts: 171

I will be holding my SPP allotment into the future, I would recommend that you all do the same. The opportunity for NWE to turn it's self around and head back up above the 10c mark is near. The POO is rising, better economic outlook combined with the funds to sustain their activities as these facilities come on stream.



I hope that most of you will do the same and not kill the prospects of a real sp recovery.
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mptrader
Posted on: Dec 30 2008, 09:10 AM


Group: Member
Posts: 171

In reply to: Bazza on Tuesday 30/12/08 08:07am

Yes governments are 'takers' of the price of oil but they can effect the supply side. The drop in prices from the economic problems is due to a constriction of the demand. If OPEC decides to not product then what will happen to the POO??? I do not think that they will do this but they do have to factor in the long run price and profit margins if they continue to produce lots of oil at low prices.

For small firms like HZN they are not able to do ANYTHING re the price of oil as their impact is so minimal.
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mptrader
Posted on: Oct 10 2008, 01:36 PM


Group: Member
Posts: 171

In reply to: mosaic1996 on Friday 10/10/08 11:48am

ANZ/Etrade will lend to 40%

I would buy more but my LVR is not looking that flash today smile.gif
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mptrader
Posted on: Oct 8 2008, 09:53 AM


Group: Member
Posts: 171

I think on face value you are correct Mosaic, but in a recent article by New Scientist on network theory was a good predictor of short term movements in stocks. The study picked a series of related words e.g. NWE and gain, value, increase etc and searched newsgroups, chat sites and news feeds. It then ranked the sites using the degree of linkage to other sites (much like the Google search engine) to determine the ‘weight’ that should be given to each result. From the linked sites the same process was undertaken and again for the sites that were linked to the second tier sites.
All of this information was collated as at pole with certain results being given more or less weight based on the 1st 2nd and 3rd tier connectedness.
The result was a reasonable indicator on a number of different topics including the winner of the Oscars, short term stock selection and the outcome of elections.

So on one level you are very correct bun on a broader scale (i.e. if every one was talking about NWE being good value) it would be a good short term indicator to buy. It just reinforces Mr Buffet and Munger on their quote “In the short term the share market is a voting machine, in the long term it is a weighing machine.”

The theory does not accurately predict long term value of a co. only short term movements (<3Months).
  Forum: Investment Discussion

mptrader
Posted on: Oct 2 2008, 01:08 PM


Group: Member
Posts: 171

Time to revive the board.

I for one really appreciate the information that KB provides to the boards. I am ashamed of the people who make their decisions based on his advice and hold him personally responsible.

Some people need to learn that they are accountable for their decisions and need to weight up their own understanding of stocks prior to making a decision.

There is a case for challenge but on the merits of the stock, not on personal agendas.

KB Thankyou again for your research – I know that the information presented has added much value to my own analysis and calculations.
  Forum: Off Topic Chat

mptrader
Posted on: Aug 19 2008, 12:49 PM


Group: Member
Posts: 171

ABS reported that the sustained real GDP growth for Aus should be around the 2.5% mark. I expect that there will be lower asset gains for Australia around the 2.75% mark for the next couple of years. With Unemployment rising and the outlook of the share marked putting pressure on the Australia household balance sheet the RBA will lower rates by at least 100 points by mid next year, to mediate the drop in economic output. Inflation will be under less pressure with the oil price stabilising still high (+$100POO).

Activity from China, India and the Middle East (not linked to the US as much as Aus) should provide the stimulus for growth in the economy. These areas are Australia's largest trading partners.

CPI has a lag on the economy so a decline should be seen in 2009 - after the RBA has reduced rates based on leading indicators.

So what does all this mean??? Lower interest rates and a stabilisation of the Australian ecc in 09. Do not expect stocks to average 20%+ gains and stick to fundamentals as over inflated stocks will punished in reporting season.

My fav pic is HZN.
  Forum: Investment Discussion

mptrader
Posted on: Aug 7 2008, 09:51 AM


Group: Member
Posts: 171

In reply to: crystal on Wednesday 06/08/08 10:51pm

Crystal,

That is correct she does not need to move back in before selling it. graduated.gif

Cheers MP
  Forum: Investment Discussion

mptrader
Posted on: Aug 6 2008, 02:37 PM


Group: Member
Posts: 171

In reply to: bam_bamm on Wednesday 06/08/08 12:17pm

Nice find Bam Bamm - Very close to Bulong. I am excited about the nickel finds - these could be worth a lot of $ to little old SAU. The processing plant is near by so will be able to be put on line without too many hold- ups.

Holding on - no point selling out here only blue sky
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mptrader
Posted on: Aug 6 2008, 02:31 PM


Group: Member
Posts: 171

In reply to: Brierley on Wednesday 06/08/08 01:18pm

Brierley,

I could not have done it better myself - Well said. People need to get back to the basic facts cool.gif
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mptrader
Posted on: Aug 6 2008, 11:31 AM


Group: Member
Posts: 171

Crystal,

It depends on the status of the house as her main residency. If she has not purchased another property (e.g. is renting or OS) then it will still be classed as her primary residency. If she has purchased a new house and moved in the new house will prob be classed as her primary residency (CGT will be payable of the portion of the time the house was the primary residency and the time that it was not. e.g. if it was the PR for 6 years and not for 3 then 33.33% of the cap gain is subject to tax.)

If it is still her PR then she is able to produce income for up to 6 years without having to pay cap gains on the property. She still needs to pay tax on any income received from the property when renting it tho.

There is a stack of info in the ATO website

http://www.ato.gov.au/individuals/content....=&mfp=&st=&cy=1
  Forum: Investment Discussion

mptrader
Posted on: Jul 25 2008, 01:58 PM


Group: Member
Posts: 171

I think that we are all worried about the current price of co's but not enough attnetion as been paid to the profits that they have been making. Discount financials alot of the reporting has been very good. Even look at NAB's profit figure up 26% even with all of the sub-prime issues.
The market is scared of what it can't see (transperency issues from subprime), it will take time but unless there will be significant declines in profits then many co's and the index will bounce.

The current sub prime losses only accounts for a portion (25%) of 1yo profits of the US financial sector. It hurts but it is not the going to be absorbed.

There will be continuning bad news from the US but I do not see it affecting the growth and demand for resources. Even tho we have had a number of interest rate rises the Aus ecc is stilll looking good.
  Forum: Investment Discussion

mptrader
Posted on: Jul 17 2008, 11:35 AM


Group: Member
Posts: 171

BRW had a reveiw of HZN in their latest issue - noted that it was one of the best juniors with cash flow coming up and a good fwd plan to increase prod.
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mptrader
Posted on: Jul 10 2008, 03:07 PM


Group: Member
Posts: 171

I really can't see it getting that low...... with Puffin coming online with stable cash flow. I will be buying all the way down just based of the Puffin inflows, let alone any other projects.
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mptrader
Posted on: Jul 1 2008, 03:46 PM


Group: Member
Posts: 171

Out of the recent media release from AED

NE - an additional production well in H2 2008
SW - Further appraisal and development.

Lets hope that they get things moving soon with some booked drill slots.
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mptrader
Posted on: Jun 18 2008, 10:30 AM


Group: Member
Posts: 171

In reply to: triage on Wednesday 18/06/08 10:04am

From my understanding of Puffin, it was not a case of the reserve not producing but in their drilling tech's. With the understanding of the field that they have gained from their previous drills then we should see Puffin producing at very good levels without the high water content as the old wells.

I am very optimistic about the underpinning of NWE with stable cash flow from Puffin's ORR. We should all be very happy the commitment has been finalised to get puffin producing in the near term!

biggrin.gif
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mptrader
Posted on: May 20 2008, 01:42 PM


Group: Member
Posts: 171

In reply to: Catand on Tuesday 19/02/08 08:50am

Hi Catand,

I jsut got into DWS today, the fundamentals were too good to pass up. There is a recent valuation by Stock val which valued the share at a 30% premium to the price (now about 20%) but this assumes that the buyer wants a 16% return and the Normalised ROE is at a discount to previous levels.

I am a long term holder so not too fussed about short term movements but it does look like it has turned a corner.

I will consider adding to my holdings in the near future as I understand this co a bit better.

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mptrader
Posted on: Apr 24 2008, 02:00 PM


Group: Member
Posts: 171

Good value to be had here. what are people's thoughts. based on ROE and I have a value up around the $10 mark.

what are your thoughts??
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mptrader
Posted on: Jan 22 2008, 02:14 PM


Group: Member
Posts: 171

with the overall market down 20% I think that it has held rather well. it holds alot of MQG and they are in the middle of credit issue. ARGO Sp will be dependant on the market moves.
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mptrader
Posted on: Jan 22 2008, 01:20 PM


Group: Member
Posts: 171

No volume traded today - and not much available below 35c. SAU will bounce very well IMHO.
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mptrader
Posted on: Jan 22 2008, 01:00 PM


Group: Member
Posts: 171

Spec stocks get hit harder when people have to get margin call. As they have low or no LVR’s people are able to sell their holdings without affecting their portfolio lending ratio. The result is that people can sell smaller dollar values of shares to top up their loan so are happy to accept lower prices. Not good for specs but it adds weight to the bounce theory as they have been oversold.
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mptrader
Posted on: Jan 18 2008, 12:49 PM


Group: Member
Posts: 171

I am rather relaxed - I do not like where the SP is sitting (I wish I did not have such a high proportion in my portfolio otherwise I would be buying more) but I do not plan on selling in the short term so am not fussed.

It does make me slightly happier if $ figure after my holdings were a bit higher and not in the red!

as KB has said on many occasions NWE is backed with 8cps cash that values current earnings and future projects at 10c???? with all that is going on and stable ORR cash flow I cant see how it NWE has not been oversold.

it is just the market taking us all for a ride. with a bit of good news and stability in the market then NWE will be getting a BIG bounce back up to fair value.....

Just remember the reason you purchased the share those reasons are probably still here and worth more now due to the upcoming projects being closer on the horizon.
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mptrader
Posted on: Jan 11 2008, 09:07 AM


Group: Member
Posts: 171

DR-K - I would start to try and get yourself unscrewed right now..... Although there are good short term prospects - I am holding for the long term when I hope to see 80c+ but that could be years....... well hopefully within one yeah but I will not holding onto my breath.
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mptrader
Posted on: Jan 7 2008, 03:08 PM


Group: Member
Posts: 171

I will second that motion. Very good signs for that hold HZN.
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mptrader
Posted on: Dec 6 2007, 03:10 PM


Group: Member
Posts: 171

In reply to: mptrader on Thursday 06/12/07 03:09pm

I spoke too soon......
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mptrader
Posted on: Dec 6 2007, 03:09 PM


Group: Member
Posts: 171

Good finish at least the 20c Sellers have been replaced with a buy. Slow and steady between here and Cobra drilling.
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mptrader
Posted on: Dec 5 2007, 01:51 PM


Group: Member
Posts: 171

I gave up on NEO a long time ago! good luck to those that are still holding.
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mptrader
Posted on: Dec 5 2007, 10:04 AM


Group: Member
Posts: 171

Bullwinkle,

Would you be 'cashing in your chips' if the SP was .35? The reason I ask is that I think that people are misplacing the SP with the value of the company. You are much better to buy an undervalued resource than an overvalued one.

I know that it hurts to see the paper losses but if you did your sums I think that you will find you have invested well. SP does not always track to value in the short term but over a longer time frame the SP is highly dependant on value.

Just evaluate the reasons you purchased the stock. If you bought it above this price then you must have thought there was value in it, ask yourself what is it worth now, where has the value gone since you bought? Has it deteriorated as much as the SP?

I think that NWE's current cash position and the inflows from puffin + upside of current projects the NPV of NWE shows that it is undervalued.

DYOR.
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mptrader
Posted on: Dec 3 2007, 09:57 AM


Group: Member
Posts: 171

There was some interesting reading in the chairman’s address on the 29th.

They appear to be happy with the progress in Cambodia. Further the challenger developments will provide an excellent base to further exploration activities.

The only area that I did not like was the indication of Cap raising. I understand that it is a necessary evil I just hope that they do it in a way that does not adversely effect the share price.

What are others thoughts on their activities. When are we likely to see further announcement and developments re: Challenger and Cambodia?
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mptrader
Posted on: Dec 3 2007, 09:48 AM


Group: Member
Posts: 171

AED Ann - offtake of another 315,000 BOO. hopefully blue sky from here.

I have increased my holdings this morning.
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mptrader
Posted on: Nov 28 2007, 01:43 PM


Group: Member
Posts: 171

I did not see that as a bad announcement. If Puffin 9 is extended then it just means more oil. Agree that the drill timing for puffin 9 is not good but I do not think that it is a bad announcement.

They are just going to re-evaluate the enclosures.
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mptrader
Posted on: Nov 22 2007, 03:19 PM


Group: Member
Posts: 171

I think that only the short sighted would have sold. The value of NWE has been shown on this thread many times. People who have not done their own research will be scared because of the unknown but those of us who put in the effort to asertain value prob would have been buying. biggrin.gif

I am already very full with NWE!

Hopefully happy travels from here on in, some good news should see those who sold crying in their realised losses. I have been in this for a long time and have an av buy around the 20c mark. No one will be getting hold of these untill BB shows his real worth.
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mptrader
Posted on: Nov 19 2007, 08:11 AM


Group: Member
Posts: 171

Laura,

Sorry, but I am not into making predictions. The fate of this stock is dependant on the drilling results. The range of targets is huge if we have very bad luck the SP will not look very good at all.

Awaiting news
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mptrader
Posted on: Nov 14 2007, 07:01 PM


Group: Member
Posts: 171

I would not be letting mine go for these prices… the recent results from Challenger and the pending news from their other suite of very attractive projects (including Cambodia) will put SAU into another league.
They are well setup and hopefully there will be more drill results to help them move along.

You are not getting mine at these cheep prices. Backpackers or not I am going to hold for the longer term. cool.gif
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mptrader
Posted on: Nov 7 2007, 09:45 AM


Group: Member
Posts: 171

well SAU is having a bit of a turn. I wonder what has caused the sell down? with the pending news and high Gold and base metals prices I can't see the reason... anyone have other thoughts?
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mptrader
Posted on: Nov 2 2007, 03:29 PM


Group: Member
Posts: 171

In reply to: ShareNovis on Friday 02/11/07 03:00pm
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mptrader
Posted on: Nov 2 2007, 10:21 AM


Group: Member
Posts: 171

I have been hearing things that an offer was made arount the $19.50 mark. There are two interested parties so I am told.
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mptrader
Posted on: Nov 2 2007, 10:19 AM


Group: Member
Posts: 171

We should get this listed as one of the sharescene hot topics - then he will blush!
  Forum: Off Topic Chat

mptrader
Posted on: Nov 2 2007, 07:55 AM


Group: Member
Posts: 171

As there has been soooooooo much gratitude expressed to KB, I thought it was time for him to have one of his own! We can all now praise KB on his personal KB Appreciation Board.

KB Appreciation board
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mptrader
Posted on: Nov 2 2007, 07:48 AM


Group: Member
Posts: 171

As there has been soooooooo much gratitude expressed to KB on this board, I thought it was time for him to have one of his own! We can all now praise KB on his personal KB Appreciation Board. biggrin.gif

KB Appreciation board
  Forum: By Share Code

mptrader
Posted on: Nov 2 2007, 07:43 AM


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KB thankyou from all at sharescene for your informative and insightful posts. biggrin.gif
  Forum: Off Topic Chat

mptrader
Posted on: Oct 31 2007, 10:56 AM


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Posts: 171

Yes you would expect it to be in a trading halt - unless people in the know are are buying but no formal offers have been made.
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mptrader
Posted on: Oct 31 2007, 10:51 AM


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I could be VERY wrong with that last post. Just my thoughts
  Forum: By Share Code

mptrader
Posted on: Oct 31 2007, 10:48 AM


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Posts: 171

The directors of both companies are ‘friends’ and hold more GUJ than INR. Announce the merger keep the INR price down so that the INR share holders accept the terms of the merger. Then let INR run so that the GUJ shareholders (which is primarily owned by INR and it’s directors, they hold 90%) will accept the terms they would be stupid not to.

Result the share holders of GUJ get a bigger portion of INR than if the ‘market’ price was applied to the merger. It would have been a 2 GUJ – 1 INR deal instead of a 4 GUJ - 3 INR deal.

Could be wrong. INR share holders will not be too pissed as they have had big accumulation in share price as it is not being held down any more but in essence they are being screwed.

GUJ holder are all smiles and have just had a fantastic wind fall.

That is my explanation of the price movements…
  Forum: By Share Code

mptrader
Posted on: Oct 31 2007, 09:11 AM


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I think somebody has let the cat out of the bag. Nice movement today!
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mptrader
Posted on: Oct 29 2007, 03:38 PM


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I am happy for my money to be sitting in NWE - they are a very strong co and long term holders have and will be rewarded. smile.gif

It would have been nice to get some more news in the annual report.
  Forum: By Share Code

mptrader
Posted on: Oct 29 2007, 12:21 PM


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Posts: 171

Well the annual report is out…. Nothing new that we did not already know about. BB did speculate that they have Indian partners for their UK based operations. No news about what they bring for NWE or the projects that they have secured in the UK. unsure.gif
  Forum: By Share Code

mptrader
Posted on: Oct 26 2007, 12:51 PM


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Posts: 171

Nice summary Moasic.

I am looking forward to some more drilling results and the truning on of the China and Maari taps. it should generate some interest for HZN. Value is there just need time for it to filter through. Some jucy Anns will get it mooving.

Not long till the next leg up.
  Forum: By Share Code

mptrader
Posted on: Oct 22 2007, 11:57 AM


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Posts: 171

NWE is holding it's ground quite well. I was expecting it to dip beow 26 today. I wanted to buy some more sadsmiley02.gif.
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mptrader
Posted on: Oct 19 2007, 12:33 PM


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That is the news that I hear on the grapevine but no firm qualification
  Forum: By Share Code

mptrader
Posted on: Oct 18 2007, 11:04 AM


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Posts: 171

yes you should be sent the documents. Otherwise you should be able to download or contact GUJ to get a copy.
  Forum: By Share Code

mptrader
Posted on: Oct 17 2007, 03:22 PM


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Posts: 171

I think only the market will be able to answer that Q. It is a valuation not a prediction!
  Forum: By Share Code

mptrader
Posted on: Oct 17 2007, 02:55 PM


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Posts: 171

In reply to: noosaman on Wednesday 17/10/07 02:42pm

thats right!!

4 GUJ shares = 3 INR shares

if you take INR price
3 INR @ 1.00 = 3.00
4 GUJ = 3.00
GUJ = .75c

biggrin.gif
  Forum: By Share Code

mptrader
Posted on: Oct 17 2007, 01:28 PM


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Posts: 171

KB I love your valuations!

What are your thoughts behind using the TAPIS price for all of the other projects? it is only Puffin that will be able to achieve this price for the extracted oil, yeah. What is the valuation if the oil price is sits around the $60 mark? I am interested in the volatility?

Cheers MP
  Forum: By Share Code

mptrader
Posted on: Oct 17 2007, 01:23 PM


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Posts: 171

well if INR sits at 90c the equivalent price of GUJO is 46c!
  Forum: By Share Code

mptrader
Posted on: Oct 15 2007, 01:41 PM


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Posts: 171

In reply to: Ice9 on Monday 15/10/07 01:35pm

Horary!

We just need to see the share price start to appreciate
  Forum: By Share Code

mptrader
Posted on: Oct 15 2007, 12:58 PM


Group: Member
Posts: 171

with the GUJ oppies are 21c
INR at sitting at 75c
2c discount for the to be INRO options = 73c
after conversion of GUJO to INRO there is a 64% difference.

if INR were to stay at 75c the 'fair' price for GUJO would be 34.5c!!!
  Forum: By Share Code

mptrader
Posted on: Oct 9 2007, 12:28 PM


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Posts: 171

just need some drilling results and we are set....
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mptrader
Posted on: Oct 4 2007, 11:57 AM


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Posts: 171

All quiet on the SAU thread atm. I would have expected an announcement to come out with some preliminary drill results….. What are peoples thoughts?

I am playing the waiting game....
  Forum: By Share Code

mptrader
Posted on: Sep 21 2007, 01:49 PM


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Posts: 171

In reply to: King Baz on Friday 21/09/07 01:45pm

KB – I am just sitting back waiting for the news to start flowing. I do not have much to add to your very informative posts.

I would have expected to have had a drilling ann out by now. Not too fussed, things will start to unfold next week.

Off to the coast for the weekend.
  Forum: By Share Code

mptrader
Posted on: Sep 6 2007, 04:11 PM


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Posts: 171

In reply to: King Baz on Thursday 06/09/07 02:53pm

Hi KB,

Can you please explain or point me in the direction to find out information on after market trades? and how they work?

From my understanding these trades are off SEATS and are broker to broker transactions that occur after SEATS closes.

Cheers MP
  Forum: By Share Code

mptrader
Posted on: Sep 5 2007, 11:26 AM


Group: Member
Posts: 171

QUOTE (tibbs @ Tuesday 04/09/07 11:18pm)

AFR made mention of GUJ and INR today in their Market wrap section. nothing new just coverage of the merger.

Tibbs - your figures have already accounted for the 3-4 conversion of GUJ to INR as you have a purchace price of $20000 for 75,000 INR not 100000. so the difference is more substantial than your $750

Please see the attached document. The difference at a GUJ price of .41 and INR price of .61 is $1000 Profit for GUJO exercise and $5500 profit for INRO after conversion from GUJO, with a purchase price of .20 for GUJO.

Cheers
Attached File(s)
Attached File  GUJ___INR_conversion.xls ( 15K ) Number of downloads: 12

 
  Forum: By Share Code

mptrader
Posted on: Aug 16 2007, 10:38 AM


Group: Member
Posts: 171

In reply to: Duster on Thursday 16/08/07 10:25am

Duster,

I disagree, you value a company in the same way now as you did before (when the price was going up) – I use a NPV model for spec oilers. Have a look at the fundamentals POO is stable and I can’t see a large curb in demand du to the sub prime mortgage issues in the US.

I agree that it is only worth what someone is willing to pay in the short run but long term FAR will align with it’s fundamental value.

I agree take a holiday and come back in a few months. If you doubt your investment do some calculations toascertain what the value of FAR is for yourself.
  Forum: By Share Code

mptrader
Posted on: Aug 6 2007, 11:55 AM


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Posts: 171

It has been said a few times on this thread – the fundamentals have not changes in NWE. Apart from the delays at puffin (short term) NWE is still going to receive the revenue and continue to drill. Drill costs have not changes along with the oil price. Price is a short term measure of a companies popularity, the value of NWE will be realised by the market in the long run (this is assisted by stable market sentiment). Price matters if you are after short term increases or are looking to buy or sell but if you think there is value in NWE then just ride out the correction and the move to fundamental pricing will follow.

I am not worried about the change in share price in the short term just a good chance to buy more.

Happy NWE sailing. smile.gif
  Forum: By Share Code

mptrader
Posted on: Jul 23 2007, 02:31 PM


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Posts: 171

there is substantial value to be had with CFX. m calculations are that with a expected return of 14.5% and a actual future return on equity 17% CFX should be training at $2.56

the ROE is based on the 05 and 06 figures with te forcasted return being closer to the 30% mark for this year!
  Forum: By Share Code

mptrader
Posted on: Jul 23 2007, 10:37 AM


Group: Member
Posts: 171

You are not alone KB, I am just waiting for some results and the SAU story to develop.

I am excited about their drilling program and am just waiting for the good news to start rolling in from their busy drilling program.

All the best to those who hold, hopefuly we will be looking back in a couple of months wishing we could buy at these levels.
  Forum: By Share Code

mptrader
Posted on: Jul 12 2007, 11:45 AM


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Posts: 171

In reply to: auscan on Wednesday 11/07/07 12:19pm

good to see some support building on good volume. only 170,000 left for sale at 16.5. could it be linkd to china - HZN has had a nice run of late on no news with director buying up stacks about a month ago...
  Forum: By Share Code

mptrader
Posted on: Jul 12 2007, 11:40 AM


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Posts: 171

In reply to: Marsupial on Thursday 12/07/07 11:13am

I would like to see a bit more volume go through still only 500k
  Forum: By Share Code

mptrader
Posted on: Jun 20 2007, 10:27 AM


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Posts: 171

I am with you I doubled up yesterday and today. Sold down some of my FAR holding to fund the purchase.
  Forum: By Share Code

mptrader
Posted on: Jun 19 2007, 01:21 PM


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Posts: 171

Lake Long Ann

1. LAKE LONG – HOLLYWOOD PROSPECT, LOUISIANA (10.00% INTEREST)
The SL328 # 9 well on the Hollywood Prospect, Lake Long, Louisiana, resumed drilling from
second casing point at 11,567 feet measured depth (11,500 feet true vertical depth) on 14th June. It
is currently at 12,308 feet measured depth (12,246 feet true vertical depth) drilling ahead vertically
through target Hollywood Sands objectives to total well measured depth of 13,550 feet.
The well has penetrated part of the objectives, namely;
• the Upper Hollywood Sands objective at 11,742 feet measured depth (11,680 feet vertical
depth) where a drilling break with a coincident gas show on the mud log over a 30 foot
interval was evident. Peak gas show was 390 units (~ 5 times background) seen through
15 pound mud weight. Sands appear laminated from the LWD gamma/resistivity logs but
have produced from a similar looking sand section from a well in the field;
• the Middle Hollywood Sands objective at 12,222 feet measured depth (12,160 feet vertical
depth) which appears to have 26 feet of net pay based on LWD gamma/resistivity logs. A
drilling break with a coincident gas show on the mud log was also evident at this depth.
Peak gas show was 130 units (~ 3 times background) seen through 16 pound mud weight.
These sands have also produced from wells in the field (particularly from the nearby down
dip Palace (SL 328) #1 well in a separate structure).
The significance of these shows and LWD observations will be not be known until they are fully
evaluated by electric logs once total depth has been reached.
  Forum: By Share Code

mptrader
Posted on: Jun 18 2007, 10:17 AM


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Posts: 171

It looks like more of a dump than a pump atm. I was expecting much more interesed that this - good turnover but the price is heading in the wrong direction since open. hopefully the seller will subside and let this one run for a bit.

The value of this stock lies around the 22c mark with my clacs
  Forum: By Share Code

mptrader
Posted on: Jun 15 2007, 12:49 PM


Group: Member
Posts: 171

In reply to: King Baz on Friday 15/06/07 12:42pm

KB,

what are you suggesting when you say related party transaction?
  Forum: By Share Code

mptrader
Posted on: Jun 14 2007, 12:07 PM


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Posts: 171

nice to see a couple of nice (100k) trades go through at 17c
  Forum: By Share Code

mptrader
Posted on: Jun 14 2007, 11:15 AM


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Posts: 171

I would only expect the SP to trade above 16 with insider trading on a pending announcement (or with an announcement)
  Forum: By Share Code

mptrader
Posted on: Jun 8 2007, 08:28 AM


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Posts: 171

Interesting to see how NWE holds with the DOW dropping neally 200 points.
  Forum: By Share Code

mptrader
Posted on: Jun 7 2007, 12:44 PM


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Posts: 171

In reply to: BSA on Thursday 07/06/07 12:34pm

BSA,

I produced this chart using some software that I developed to monitor my portfolio and tax liabilities.

I think a commercial version is available through Safety In The Market but they charge a mint to use it.

Cheers
  Forum: By Share Code

mptrader
Posted on: Jun 7 2007, 12:18 PM


Group: Member
Posts: 171

In reply to: King Baz on Thursday 07/06/07 11:48am

KB,

NWE's chart is looking very nice with the exception of the recent dip below the previous swing support. This could just be a minor fault as the consistency of resent increases would indicate that we are ready for our next leg up.
Attached image(s)
Attached Image

 
  Forum: By Share Code

mptrader
Posted on: Jun 6 2007, 12:38 PM


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Posts: 171

In reply to: darbox on Wednesday 06/06/07 12:31pm

Darbox,

do you know who the placement is to?
  Forum: By Share Code

mptrader
Posted on: Jun 6 2007, 10:04 AM


Group: Member
Posts: 171

what are the other options.....

TO
increased reserves
placement

any other ideas
  Forum: By Share Code

mptrader
Posted on: Jun 5 2007, 12:20 PM


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Posts: 171

Very good News!!!!

Directors wil be happy with their options devilsmiley.gif

I am pleased to have some good news tho.
  Forum: By Share Code

mptrader
Posted on: Jun 4 2007, 04:39 PM


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Posts: 171

2005 for me. since 12c
  Forum: By Share Code

mptrader
Posted on: May 31 2007, 04:01 PM


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Posts: 171

Hi Prawn,

the ASX has a stack of good educational material.

here is a link to the options presentation, although there is a raft of further reading you are able to do.

http://www.asx.com.au/programs/vignettes/lesson4.html
  Forum: By Share Code

mptrader
Posted on: May 28 2007, 10:12 AM


Group: Member
Posts: 171

Nice start to the week, this looks like the start of the next leg up. those looking for the 26.5 entry I think have left it too late. devilsmiley.gif
  Forum: By Share Code

mptrader
Posted on: May 24 2007, 02:16 PM


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Posts: 171

Hi,

Can someone please tell me what the options strike price is for FNTO.

thankyou
  Forum: By Share Code

mptrader
Posted on: May 24 2007, 01:20 PM


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Posts: 171

thank you for your time to inform us all of your discussions, it is appreciated by all. cool.gif
  Forum: By Share Code

mptrader
Posted on: May 21 2007, 10:14 AM


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Posts: 171

Where are you Cat Dog? 'Next Stop 30c for consolidation before moving on to bigger and better things'

I will leave the tooting to you biggrin.gif
  Forum: By Share Code

mptrader
Posted on: May 17 2007, 01:33 PM


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Posts: 171

Cheers thanks tibbs.

sellers can dictate the price now next seller at 60c with only 30k available
  Forum: By Share Code

mptrader
Posted on: May 17 2007, 12:41 PM


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Posts: 171

even if the market is wondering the same logic could be applied to the heads. even if this went down under the 20c exercise price (which it will not it will be luck to stay under 50c IMHO) they would still be in a better position to buy the oppies and exercise them for the heads.

it just does not make since especially with the leverage that oppies give you.

Cheers
  Forum: By Share Code

mptrader
Posted on: May 17 2007, 12:35 PM


Group: Member
Posts: 171

yeah it is hard to get any heads atm it is a very tightly held stock.

can anyone with some TA skills spread some light on the chart?

Cheers
  Forum: By Share Code

mptrader
Posted on: May 17 2007, 10:13 AM


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Posts: 171

why are we in Pre Open?? or is it just westpac I can't access any ann's
  Forum: By Share Code

mptrader
Posted on: May 17 2007, 08:46 AM


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Posts: 171

It is starting to heat up looks like a 40c start.

Can anyone explain why the oppies are always trading at a discount to the heads? Most oppies trade in parallel or in above the heads price due to their ability to leverage... the only reason that I can think of is that people are expecting the oppies not to be exercisable come the exercise date but you would still be in a better position than purchasing the heads atm…. what are peoples thoughts on GUJ?
  Forum: By Share Code

mptrader
Posted on: May 16 2007, 09:28 AM


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Posts: 171

This is very good news for GUJ. I have a feeling that some of the market already knew about this ann before it was released. As the ann mentions this brings production for GUJ into the near term. significantly increasing the NPV.
  Forum: By Share Code

mptrader
Posted on: May 16 2007, 09:24 AM


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Posts: 171

GUJARAT NRE RESOURCES NL INKS AGREEMENT TO ACQUIRE BHP Billiton’s Elouera COKING COAL MINE
Gujarat NRE FCGL Pty Ltd, a 100% subsidiary of Gujarat NRE Resources NL, has signed an Agreement with Illawarra Coal Holdings Pty Limited (Illawarra Coal), a subsidiary of BHP Billiton Ltd., for the acquisition of the Elouera Colliery in NSW. The mine has large available reserves of premium grade Hard Coking Coal (as referenced in BHP Billiton’s 2006 Annual Report). This is the third coal mine to be acquired by the NRE group of companies after NRE No. 1 Colliery and NRE Avondale Colliery. With this acquisition the company is expected to commence production of coking coal within the current financial year.
The Salient Features of the acquisition are as under:
• No gestation period - The mine is in operation and is capable of producing coking coal on transfer to the company.
• Availability of Premium grade of Hard Coking Coal
• The mine has substantial infrastructure for coal storage and transportation, which includes a private rail link to port.
• The mine would provide a cheaper and faster option to access the existing resources within NRE Avondale Colliery.
• Along with the mining lease the company will also acquire mining equipment and freehold title to land associated with the mining lease.
Commenting on the agreement, Gujarat NRE Coke Chairman, Mr Arun Jagatramka said: “Gujarat is delighted with the acquisition. Apart from providing quality infrastructure and mining equipment for Gujarat’s Southern Coalfields production strategy, including a private rail link, it gives the company additional coking coal reserves.”
“The acquisition also means that Avondale should be able to come into production much sooner than we had anticipated,” Mr Jagatramka said
  Forum: By Share Code

mptrader
Posted on: May 14 2007, 10:10 AM


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Posts: 171

Sprite,

There have been a few different points of view that covered this topic when it was announced.

Some if points covered issues like the options are worth substantially more if the company is trading at higher levels. In turn this still motivates directors to drive company value up.

I do not subscribe to this strategy I would like to see FAR offer more options at higher prices that will give directors a ‘real’ incentive to get maximum possible value from the co assets.

Both points are valid but if the company really outperforms then the directors have greater incentive to push on and past the higher option targets as they will then derive more marginal benefit for every cent increase. If options are all at a low level such as 15c then once they are in the money the directors have no real incentive to push the SP higher (unless they want to sell) as they will be able to get the next lot of options at a lower price for next year’s remuneration. lmaosmiley.gif

Cheers
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mptrader
Posted on: May 11 2007, 11:51 AM


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Posts: 171

the 19.5 are not looking so stable atm..... I hope we don't break back back to the 17.5 support.
  Forum: By Share Code

mptrader
Posted on: May 11 2007, 11:50 AM


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Posts: 171

oops
  Forum: By Share Code

mptrader
Posted on: May 11 2007, 10:20 AM


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Posts: 171

In reply to: mosaic1996 on Friday 11/05/07 10:07am

I am not expecting any share price apperication over the next couple of months the market will start to react when the oil is flowing or more HC are found. Both of which are not looking like happening in too much of a hurry.

I am just happy to sit and hold HZN for the moment.
  Forum: By Share Code

mptrader
Posted on: May 9 2007, 04:43 PM


Group: Member
Posts: 171

QUOTE (grommit @ Wednesday 09/05/07 04:13pm)

It was only a cheeky 100k on close. the VWAP is still over .15

Good luck with the 14.5 order. icon14.gif
  Forum: By Share Code

mptrader
Posted on: May 7 2007, 02:33 PM


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Posts: 171

13.5 gone with the wind!
  Forum: By Share Code

mptrader
Posted on: May 7 2007, 02:29 PM


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Posts: 171

the market is starting to notice what is going on with GUJ.

I have picked up some more oppies you make a tidy profit converting them straight away and selling you heads!

Happy Days
  Forum: By Share Code

mptrader
Posted on: May 7 2007, 10:11 AM


Group: Member
Posts: 171

In reply to: King Baz on Monday 07/05/07 10:00am

KB - AED at $6 - does that mean that you are goingo to transfer your holdings at market to NWE as you noted in previous post?

if that is the case I think NWE shoud crack 22c easily!!

Cheers MP
  Forum: By Share Code

mptrader
Posted on: May 4 2007, 04:27 PM


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Posts: 171

13c

I like the way we finished the week, hopefully a sign of things to come!
  Forum: By Share Code

mptrader
Posted on: May 1 2007, 09:54 AM


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Posts: 171

I do not understand the oppies price, they are basicaly saying that there will only be 1.5c apperication in the share price over the next 7 months.

I would have thought they would have been trading around the 8-10c mark by now.

  Forum: By Share Code

mptrader
Posted on: Apr 30 2007, 02:43 PM


Group: Member
Posts: 171

In reply to: tibbs on Monday 30/04/07 01:42pm

Good Call on the oppies Tibbs, I picked some more up as well - they are lagging behind the heads by a few cents now. It is good to see people waking up to this stock.

There is lots of value here with this stock.
  Forum: By Share Code

mptrader
Posted on: Apr 18 2007, 12:07 PM


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Posts: 171

mmm....... a nice jump for the day..... I wonder what sparked the interest? hopefully the options will be close to follow they are lagging a bit.
  Forum: By Share Code

mptrader
Posted on: Mar 15 2007, 05:04 PM


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Posts: 171

do not forget discounting......
  Forum: By Share Code

mptrader
Posted on: Jan 22 2007, 10:58 AM


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Posts: 171

I just don't get this stock sometimes.... we have an annoucement that reduces out tax and the price falls...
  Forum: By Share Code

mptrader
Posted on: Jan 18 2007, 10:08 AM


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Posts: 171

Nice volume building on the by side 800k @13c
  Forum: By Share Code

mptrader
Posted on: Jan 18 2007, 10:02 AM


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Posts: 171

hopefully someone knows something about Beibu
  Forum: By Share Code

mptrader
Posted on: Jan 18 2007, 07:38 AM


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Posts: 171

Comments that King Baz made on the FAR thread said that ROC were planning to have reserve estimates for the quartile report so they should be released within the next 2 weeks.

Cheers
  Forum: By Share Code

mptrader
Posted on: Jan 17 2007, 12:38 PM


Group: Member
Posts: 171

From the FAR thread

CitiWarrants: Roc Oil Company Ltd - Momentum building with Beibu Gulf and Angola 17/1/2007


QUOTE
Momentum Building in Beibu Gulf — A JV partner suggests that the Wei 6-12 South oil discovery could be soon declared commercial. If so, a Formal Investment decision could be made in 2H07, subject to full JV agreement. Roc Oil as the Operator is optimistic but taking a more conservative stand.

Good Quality Oil Reserves — recent work by the JV seems to have suggested a reserve in the order of 40MMbblsof recoverable oil. A resource of this size could support production of 30,000Bopd.

MMMMM looking good
  Forum: By Share Code

mptrader
Posted on: Sep 13 2006, 08:19 PM


Group: Member
Posts: 171

I think it is just poor markes sentiment to the Oil and Gas sector atm along with 7 days in a row of falling oil prices.

All will come out in the wash over time, as flow rates and china news comes. still holding not too stressed I can't see POO droping in the long term.

  Forum: By Share Code

mptrader
Posted on: Jul 31 2006, 10:50 AM


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Posts: 171

In reply to: bello on Monday 31/07/06 10:42am

I’m in FAR for the long haul.

There is too much happening with far for me to consider selling, I was more interested in the possible reasons for the others selling?

I have been buying consistently whilst these low prices are still available. IMHO these prices will be a thing of the past in the near future. biggrin.gif
  Forum: By Share Code

mptrader
Posted on: Jul 31 2006, 10:30 AM


Group: Member
Posts: 171

Morning All,

does anyone have any insite to the nasty looking market depth for FAR atm...... could it be bad news??

any birdies cherping?

Cheers
  Forum: By Share Code

mptrader
Posted on: Jun 19 2006, 05:49 PM


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Posts: 171

HMMMM..........

another NEO moment.

I did not have time to contact them today, did anyone else have any contact with MR Kain or their investor relations re: the ann?

Cheers
  Forum: By Share Code

mptrader
Posted on: Jun 17 2006, 05:27 PM


Group: Member
Posts: 171

in reply to: focus Posted on Saturday 17/06/06 02:44pm


That is a bit harsh focus.

I would like to thank KB for all the research and effort he has put into FAR, not only has he done his own research but, KB goes to the effort to share his incites to all on SS. The Far thread would not be as interesting or informative if it were not for the posts and opinions of KB and others on SS.

Thanks guys always a pleasure to read your posts. MP
  Forum: By Share Code

mptrader
Posted on: Jun 16 2006, 10:44 PM


Group: Member
Posts: 171

In reply to: Top Cat on Friday 16/06/06 08:00pm

Hi All,

I asked the exact question regarding why there has not been an announcement. There reply was that the terms and conditions of the deal were still being finalised “crossing the T’s and doting the I’s” and this process had to be completed before any announcement could me made to the market. They did not want to put out a half assed Ann without having finalised the deal. They said that they tried to release an announcement prior to market close today but they didn’t finalise it in time. We should all be happy campers on Monday!

Cheers MP
  Forum: By Share Code

mptrader
Posted on: Jun 16 2006, 04:57 PM


Group: Member
Posts: 171

In reply to: Livas1 on Friday 16/06/06 02:16pm

Hi Guys

I just got off the phone to NEO. They the suspension is for a large corporate deal with ramifications to their Californian interests. It is a “very positive deal” and should be announced to the market mid Monday morning. Apparently they wanted to announce the information today but they were restricted due to formalities.

Hope this lets you all sleep well over the weekend hypocrite.gif

you should all do some of your own research and take some initiative instead of winging about not being informed. graduated.gif
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mptrader
Posted on: Jun 16 2006, 10:56 AM


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Hopefully the Ann is along the lines of the aegis report:

QUOTE
Natural gas futures surged more than 9 percent last night, after the U.S. government reported that natural gas storage grew less than market watchers had anticipated.

Although natural gas supply is at its highest level for this time of year, the threat of hurricane season and unseasonably high temperatures in some parts of the United States are raising expectations for high gas and power demand in the coming months.

Natural gas futures soared 61.7 cents to settle at $7.207 per 1,000 cubic feet, after rising as high as $7.28.

Duster SUR thread

could be a good ann with the gas price outlook.
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mptrader
Posted on: Jun 16 2006, 10:51 AM


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In reply to: Duster on Friday 16/06/06 08:46am

Depth is looking very nice this morning smile.gif
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mptrader
Posted on: Jun 16 2006, 10:11 AM


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From Duster on the SUR thread

Natural gas futures surged more than 9 percent last night, after the U.S. government reported that natural gas storage grew less than market watchers had anticipated.

Although natural gas supply is at its highest level for this time of year, the threat of hurricane season and unseasonably high temperatures in some parts of the United States are raising expectations for high gas and power demand in the coming months.

Natural gas futures soared 61.7 cents to settle at $7.207 per 1,000 cubic feet, after rising as high as $7.28.

keep remembering that STX is a gas play! looks like a bargin at this price, I'm eating them up!
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mptrader
Posted on: Jun 14 2006, 09:10 AM


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Oil down too. Crude futures plunged as Tropical Storm Alberto posed less of a threat to U.S. refineries in the Gulf of Mexico. A barrel of light crude dropped $1.80 to $68.56 on the New York Mercantile Exchange
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mptrader
Posted on: Jun 14 2006, 09:04 AM


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Wall Street's pullback trailed sharp losses on stock markets worldwide, which were driven by worries that a weakening U.S. economy will overturn other economies in its wake. The continued inversion of short- and long-term bond yields was also evidence of the market's expectations of an economic slowdown.

The Dow tumbled 86.44, or 0.8 percent, to 10,706.14, after losing nearly 100 points on Monday. The Dow is now down 0.11 percent for 2006.


OUCH
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mptrader
Posted on: Jun 13 2006, 09:50 AM


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From Rob Aid - STX

PPRROODDUUCCTTIIOONN TTEESSTTIINNGG UUPPDDAATTEE::
WWEEII--66--1122SS--11,, OOIILL DDIISSCCOOVVEERRYY,, OOFFFFSSHHOORREE CCHHIINNAA
KEY POINTS
• Production testing of each of three separate hydrocarbon columns encountered by the Wei-6-12S-1 oil discovery offshore China, has resulted in oil flows from all test zones and a total collective stabilised rate of up to 5,750 barrels of oil per day (”BOPD”).
• The next step in appraising the commercial potential of the field will be drilling the first side-track well, Wei 6-12S-1Sa, which is designed to locate and core the relevant reservoir intervals. This will commence later this week.
1. OPERATIONS
Since the last Stock Exchange Release on 24 May 2006 regarding the Wei-6-12S-1 exploration well in Block 22/12, Beibu Gulf, offshore China, three separate production tests have been conducted successfully. As at 0600 hours (local time) 13 June 2006, the current operation was preparing to drill a sidetrack hole, primarily to obtain core data from the oil reservoirs.
2. PRODUCTION TEST RESULTS
As stated in previous Stock Exchange Releases, the Wei-6-12S-1 production testing programme was designed to provide the Joint Venture with the maximum amount of technical data for possible field development rather than maximum flow rates.
2.1 Lower Sand Package
The first test had three main aims: to confirm the hydrocarbon type in the 111 metres gross column (35 metres net pay); to determine if a hydrocarbon-water contact is present; and to provide productivity data.
The test perforated 12 metres between 2,435.5 metres below rotary table (“mBRT”) and 2,447.7 mBRT and flowed 35º API oil through various choke sizes, up to a 32/64 inch choke, at stabilised rates up to 1,725 BOPD.
The test conclusively proved that the hydrocarbon type present is oil. The test did not produce any water, despite being located near the possible oil-water contact, which strongly indicates that oil-water contact is not present in the well. Preliminary pressure analysis confirms this and suggests that the oil-water contact may be more than 20 metres down dip from the base of the oil column seen in the well.
2.2 Middle Sand Package
The purpose of the second test was to obtain productivity data from the 65 metres gross oil column (31 metres net pay) encountered.
Specifically the test perforated a total of 28 metres over two zones, 2,228.5 mBRT to 2,241.5 mBRT and 2,201.0 mBRT to 2,216.0 mBRT. The test flowed 39 API oil, through various choke sizes up to 48/64 inch, at stabilised rates up to 2,575 BOPD with no associated water production. The test results indicate that the reservoir has good natural productivity.
(ACN 075 965 856)
Level 14, 1 Market Street, Sydney NSW 2000, Australia. Telephone: +61 2 8356 2000 Facsimile: +61 2 9380 2066
Page 1
Roc Oil Company Limited
2.3 Upper Sand Package
The third test aimed to provide productivity data from the 71 metres gross oil column (14.5 metres net pay) in the upper sand package and to obtain further insight as to how far down dip the oil bearing reservoir may extend.
This test perforated 16 metres between 2,054 mBRT and 2,070 mBRT and flowed 38 API oil, through various choke sizes up to 44/64 inch, at stabilised rates up to 1,450 BOPD.
The test results indicate a reasonably productive reservoir. Pressure gradient information suggests that the oil column extends down structure from the discovery well.
3. NEXT PHASE OF APPRAISAL PROGRAMME
The next phase of appraisal will be the drilling of a sidetrack hole close to the original discovery well in an attempt to further delineate and core the relevant reservoirs. The Wei 6-12S-1Sa sidetrack is expected to commence drilling later this week. Due to the proximity of the sidetrack to the discovery well, the Joint Venture does not expect to make any further Stock Exchange announcements about the progress of drilling until this first sidetrack is completed in late June.
It is anticipated that a second sidetrack well will be drilled after the first sidetrack is completed. This second sidetrack will be designed to intersect the various reservoir sands in a down dip position relative to the discovery well, including the possible downdip development of a small sand section intersected in the lower part of the upper sand package in the discovery well. This sand section was not production tested in the discovery well but oil was recovered during wireline sampling.
Another important phase of appraising the Wei South discovery is the integration of well and seismic data to determine whether or not the various hydrocarbon sands have recognisable seismic signatures. Initial results of this work are encouraging.
4. CEO COMMENT
Commenting on the production test results of the well, ROC’s Chief Executive Officer, Dr John Doran stated that:
“The Joint Venture is maintaining its methodical approach to appraising the commercial potential of the Wei South discovery and on the basis of the recent production test results it would seem to be a case of - so far so good.”
The Block 22/12 Joint Venture comprises*:
Roc Oil (China) Company 40% and Operator
Horizon Oil Limited 30%
Petsec Energy Ltd 25%
Oil Australia Pty Ltd** 5%
*The China National Offshore Oil Company ("CNOOC") is entitled to participate up to a 51% funding equity level in any commercial development within Block 22/12.
** A subsidiary of First Australian Resources
In accordance with new Alternative Investment Market of the London Stock Exchange (“AIM”) rules the information in this report has been reviewed by an appropriately qualified person with more than 5 years relevant industry experience, specifically, Dr John Doran, Bsc (Hons) Geology; M.Sc; PhD, Chief Executive Officer, Roc Oil Company Limited, and a member of the Society of Petroleum Engineers.
Michelle Manook
General Manager – Corporate Affairs
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mptrader
Posted on: Jun 6 2006, 09:37 AM


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Posts: 171

Hi do you think we will see much of a slide today in resource stocks? Although the DOW was down nearly 2% overnight, most of the pressure was form interest rates and high commodity prices which rose slightly. Anyone have any thoughts about what today will look like? graduated.gif
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mptrader
Posted on: May 24 2006, 09:32 PM


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As King Baz said 'they will not take part in the expanded drilling program'

I don not feel that this will effect SUR's involvement too much as I feel that FAR's reasoning is that they have many different prospects on atm, FAR just wish to cover their costs instead of spreading themselves over many plays they will focus on the ones that that complements their company. I think they are just getting sick of all the delays.

MP
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mptrader
Posted on: May 8 2006, 11:21 AM


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Welcome to the HZN family. Things are looking very bright for this junior! smile.gif
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mptrader
Posted on: May 8 2006, 11:03 AM


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instos will be happy with their 13c! ohmy.gif
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mptrader
Posted on: May 8 2006, 10:57 AM


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Problem……. Too much oil to drill through the sloppy sand! Possibility of flow rates above 1000bopd lmaosmiley.gif
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mptrader
Posted on: May 8 2006, 10:53 AM


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RE: UPDATE EAGLE NORTH #1 – TESTING OF HORIZONTAL WELL
SAN JOAQUIN BASIN, CALIFORNIA, USA
Sun Resources NL (“Sun Resources”) wishes to update shareholders on horizontal drilling operations in the target lower Gatchell oil sands on Eagle North #1 in the San Joaquin Basin, California, since the last announcement on Thursday 27 April 2006.
Operator, Victoria Petroleum NL, advises that at 1900 hours Perth time, 8 May 2006, the current operation at Eagle North-1 horizontal well was preparing to carry out a production test of 177 metres (580 feet) of the lower Gatchell oil sand in the horizontal well bore over the interval from 4,209 to 4,386 metres (13,810 to 14,390 feet) following the completion of drilling at 4,386 metres (14,390 feet) measured depth as a result of “running sands” preventing any further horizontal drilling and the running of the 2 3/8” slotted liner.
The interval being tested will consist of the 72 metres (235 feet) of lower Gatchell oil sand cased behind the 4 ½” liner from 4,209 to 4,281 metres (13,810 to 14,045 feet) and the 105 metres (345 feet) of open hole lower Gatchell oil sand from 4,281 to 4,386 metres (14,046 to 14,390 feet) which is being tested as a barefoot completion out of the base of the 4 ½” liner at 4,386 metres (14,045 feet).
The forward plan is to carry out a tubing conveyed perforation of the casing and then bring the well to flow to surface by unloading the well bore with a coiled tubing unit and nitrogen.
If the test of the lateral is successful the horizontal, completed along the pay for oil production, should have a 4 to 6 fold flow rate for oil and gas over the nearby Mary Bellocchi #1, a conventional vertical well, which flowed at rates of up to 223 barrels of oil per day and 0.8 million cubic feet per day in 1986 from ~11 metres (36 feet) of net pay.
Present oil and gas prices make the Eagle Oil Pool with indicated potential recoverable reserves ranging from a mean case of 13.5 million barrels of oil with 25 billion cubic feet of gas to the P10 case of 34 million barrels of oil with 58 billion cubic feet of gas an attractive development target. Long term testing results should assist in determining the radius of drainage, any finite reservoir boundaries of the pool plus other necessary reservoir parameters required to assist in forward planning on the Eagle Oil Pool development.
It is anticpated that this operation will be completed over the next four days. An ASX release will be made at the completion of this operation.
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mptrader
Posted on: May 5 2006, 12:15 PM


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Posts: 171

Posted By Robaid on the FAR thread

As at 0600 hours (local time) on 5 May 2006, the Wei-6-12S-1 exploration well had drilled to a depth of 2,007 metres below rotary table ("mBRT") and the current operation was running in hole to drill ahead following a short wiper trip.
At 1,956 mBRT, a sand with an apparent drilled thickness of three to five metres was encountered with good reservoir characteristics, strong oil shows and an associated increase in wet gas readings. Pre-drill interpretation suggests that this sand is at the top of an interbedded sand-shale sequence that is expected to be several hundred metres thick.
At approximately 1,985 mBRT a sandy interval, with an apparent drilled thickness of about 16 metres, was encountered without any obvious oil shows but with very high wet gas readings.
Until the well has been drilled to the proposed Total Depth of 2,530 mBRT and a full suite of electric logs acquired and analysed, it is not possible to comment as to the commercial significance of the hydrocarbon shows encountered to date.
The Wei-6-12S prospect represents an unusual structural target. Within a small (about one sq km) area of closure lies a thick (hundreds of metres) gross prospective sedimentary sequence which together creates a potential trap capacity in the order of a few to many tens of millions of barrels of oil. Information from wells within and adjacent to Block 22/12 suggests that: reservoir quality will be good to excellent; the hydrocarbon type is likely to be oil rather than gas; recovery factors should be high; and oil viscosity is unlikely to be a problem in the targeted reservoir section.
Wei-6-12S-1 is positioned so as to test the structure some 20 to 30 metres below its crest. The well is in about 30 metres of water, approximately 3 km southwest of the 2002 Wei-6-12-1 oil discovery.
Commenting on the well results to date ROC's CEO, John Doran, stated that:
"On the basis of currently available drill data the well is likely to be classified as a discovery. While that is technically encouraging, it is not the key commercial point. The real question the well needs to answer is whether or not the accumulation is large enough to merit further appraisal and we won't have the first part of that answer until early next week."
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mptrader
Posted on: May 5 2006, 10:04 AM


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Hi

Any ideas or comments on when the eagle announcement will be released?
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mptrader
Posted on: May 2 2006, 10:46 AM


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I'm liking the look of this, up 8.89% already! cool.gif
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mptrader
Posted on: May 2 2006, 10:43 AM


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News/leak re Beibu? HZN has taken off today up 8.89%
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mptrader
Posted on: Apr 28 2006, 04:56 PM


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Profit takers have moved in! devilsmiley.gif

too much on in the future for me to give my parcel away.

Cheers
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mptrader
Posted on: Apr 28 2006, 04:54 PM


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What were people expectations for the First Quarter Activities & Cashflow Report, it was as I was expecting noting out of the ordinary. But the market certainly reacted. thumbdown.gif

Cheers
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mptrader
Posted on: Apr 27 2006, 10:56 AM


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All quiet on the STX front. just wishing waiting... hypocrite.gif
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mptrader
Posted on: Mar 23 2006, 06:07 PM


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the market is acting rather slowley but is starting to close the gap. Hopefully the sp will continue to rise close to the 40c mark.

SP 34.5c
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mptrader
Posted on: Mar 12 2006, 09:09 PM


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Well said HC,

I have been thinking of saying the same thing, but couldn’t come up with your eloquent words to express myself.

Trader
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mptrader
Posted on: Mar 10 2006, 09:07 AM


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Trading Halt!

Any ideas on why?? what the ann will be about?
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mptrader
Posted on: Mar 6 2006, 05:16 PM


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Can anyone shed some light as to why the gap between the takeover bid and BKA's share price remains soo large. I just don't understand why soo many current BKA share holders are selling their stake with the takeover looming.

RL
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mptrader
Posted on: Mar 6 2006, 08:56 AM


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Trading Halt, things could be getting interesting!
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mptrader
Posted on: Feb 17 2006, 08:41 AM


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Posts: 171

Hi,

Can anyone shed some light on IPM's recent sp reduction? Is it just on the back of falling oil prices or have I missed something?

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