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QGC, QUEENSLAND GAS COMPANY LIMITED
bermuda
post Posted: May 3 2008, 11:15 AM
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In reply to: LasVegas on Thursday 27/03/08 12:58pm

Yes, you could say there has been a bit of interest.

Shareprice now $5.33

Quote of the Year from MD Richard Cottee " Three years ago our ANNUAL budget was $4 million. Now we will be spending $1.5 million per day until 2012."

That one really tickled my fancy.


 
LasVegas
post Posted: Mar 27 2008, 12:58 PM
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In reply to: donnaleighh on Monday 10/03/08 09:58am

Bit interest has returned to QGC. Was terribly oversold @ 3.10.

 
donnaleighh
post Posted: Mar 10 2008, 09:58 AM
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Hi folks... Was interested to see a presentation by QGC being the next topic for the ASX Investor Hour Seminar Series in Brisbane. Thought it might be interesting for those who hold QGC or others interested in the emerging CSG activities here in Queensland. Cheers, Donna


Topic: A World Class Resource - Richard Cottee of Queensland Gas
When: Wednesday 2 April
Where: 80 George Street Conference Facilities, Theatre A, Brisbane. View map
Time: 12 noon - 1pm. Please arrive by 12.00 noon for start.
Cost: $5 (incl. GST). Tickets can be purchased at the door 30 minutes prior to the presentation.

Queensland Gas Company (QGC) is a publicly-listed gas production company that is focused on a range of alternative commercialisation options to become an integrated energy supplier in Australia. QGC has developed an enormous coal seam gas resource in southern Queensland and expects significant future growth. The company has firm contracts for gas delivery over the next 20 years and plans to enter the National Electricity Market in early 2009 generating gas-fired electricity to meet growing power demand and replace less-efficient power stations. The Company's successful exploration & appraisal activities have provided a solid foundation for future growth, with ample reserves of coal seam gas ready to meet Australia's growing demand for clean, efficient energy.

Mr Cottee has more than 20 years experience in resources and energy. He also has wide experience in project financing and other financing instruments. We recommend arriving early to avoid disappointment. No bookings taken.

 
K-oss
post Posted: Mar 7 2008, 08:45 AM
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Caution!
In danger of falling out of the pennant and heading back to close the gap (yellow).

Cheers,
K-oss.
Attached image(s)
Attached Image

 




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Charts posted purely for those interested in charts, I'm not interested in entering charts v's fundamental analysis debates, end of story.
CHARTS HAVE MERITS, AS DO FUNDAMENTALS!

Opinion only, NOT advice, I am not a licensed advisor. Caveat emptor.

FIREFOX users, right click chart image and chose "view image"
 
lexus250
post Posted: Mar 5 2008, 03:15 PM
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Market at the moment requires better news than this to spark interest........for the love of me QGC has done everything right this should be way over $5 hanging on this this little beauty unsure.gif

lexus

 
veeone
post Posted: Mar 5 2008, 12:11 PM
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Greetings FinC you should post that last paragraph on the MPO thread.
Where was that by the way??
V1

 

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Financial Chatte...
post Posted: Mar 5 2008, 11:28 AM
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QGC Result: Why we like this industry



Queensland Gas Company has just reported its results for the six months ended December. Stripping out the corporate and one-off costs, we can quickly find out why the coal seam gas industry is so attractive to investors. Despite selling gas under legacy gas contracts at ultra-cheap prices averaging $2.58/Gj and rising field production costs QGC managed a 51 percent gross margin in the half year. As coal seam gas prices are moving up steadily we see gross margins in this business reaching 60-65 percent before too long.



The coal seam gas industry is still in the early “land grab” phase with people turning outback Queensland and NSW into swiss cheese by drilling hundreds of linear kilometres of gas wells. Once the land grab phase is finished – it probably has another 6-9 months to run - wewill move into the industry consolidation phase where stronger players use their higher-rated paper to buy smaller companies that have large reserves positions but have failed to translate those reserves into significantly higher share prices.



In our view the key consolidation targets are Sunshine Gas (SHG), Molopo (MPO) and Pure Energy (PES) as they have proven, certified reserves of gas near crucial markets (PES is an exception but its fields are in the “golden mile”) and they are close to pipeline infrastructure and thus will be the lowest-cost new entrants to the market. All are trading at a steep discount to valuation. Natural acquirers are the bigger coal seam gas pure plays – QGC and Arrow – and the integrated companies such as Santos and AGL Energy which are fundamentally short of long term gas.



 
pete152
post Posted: Mar 5 2008, 11:00 AM
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I agree, but what do you think of the next year forecast? They expect 28% less?
Cheers,
Peter



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LasVegas
post Posted: Mar 5 2008, 10:47 AM
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Great Half Yearly Results

Onwards and Upwards from here

 
JMH03
post Posted: Feb 8 2008, 05:24 PM
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big crossing earlier today at rising levels - smells of further corporate activity.

 
 


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