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ARQ, ARC ENERGY LIMITED
dreamer
post Posted: Aug 13 2008, 12:10 PM
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In reply to: benw on Wednesday 13/08/08 12:06pm

Thanks, without calling my broker what is te deal.I mean are arq share holders worse off because of it.Once again ...Thanks

 
benw
post Posted: Aug 13 2008, 12:06 PM
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In reply to: dreamer on Wednesday 13/08/08 12:01pm

In the process of merging.

 
dreamer
post Posted: Aug 13 2008, 12:01 PM
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In reply to: dreamer on Wednesday 06/08/08 05:26pm

Can anyone tell me what has happened to this stock

 
dreamer
post Posted: Aug 6 2008, 05:26 PM
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In reply to: Commander C on Sunday 13/07/08 09:58pm

Anyone notice the volume spike and large buys today

 
Commander C
post Posted: Jul 13 2008, 09:58 PM
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QUOTE (db76 @ Monday 07/07/08 02:58pm)

That was vuggy for first-years, this is vuggy for post-grads:
http://members.tripod.com/~RCTIG/TP1.html

By my skim-reading, it looks like the Arc spin-off will have to be navigated by those with the skills of Noah [i.e. expert water-flooders]

 
Commander C
post Posted: Jul 13 2008, 09:45 PM
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In reply to: db76 on Monday 07/07/08 02:58pm

Google search on vugular porosity came up with this:

http://www.ux.uis.no/~s-skj/ResTek1-v03/e-...et/Porosity.ppt



 


Commander C
post Posted: Jul 13 2008, 09:33 PM
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In reply to: db76 on Monday 07/07/08 02:58pm

Db76, just been skimming through FAR announcements (in this case, thank goodness we have so many pico caps involved in Stokes Bay --- EGO, EMR, PCL, FAR --- usually ONE of them provides detailed information and history) on Canning.

Yes the question did arise in my mind....
if the jv partners are having problems well testing due to the vugularity (?) and cavernosity (?) of the Nullara porosity [beginning to sound like a Gilbert & Sullivan song].....
how does one drill a successful production well with this type of geological formation?

Are there any analogies to vugular and cavernous porosities in the ROTW?

Salut

 
db76
post Posted: Jul 7 2008, 02:58 PM
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In reply to: Commander C on Sunday 06/07/08 04:36pm

Cmdr C,

in the NSE presentation they left out "O" for Original using OIP instead of OOIP

evaporation -- we are a very old continent

the basin has been drilled - 116 wellls between 1980-94 (NSE slide 6)

and Blina produces !

"Blina 1, 4, and 5, are producing at 4,536 barrels of oil circa per quarter" about 50bopd
about 36API

they are always talking about untested prospects and every test is "encouraging"

I wont be throwing any more money down the vuggy carbonate reservoirs

look what happened with stokes-1 --- >12,000bbls drilling mud down the hole

as much as I like the Mythology of the Canning the oil is obviously not easily found meaning lots of shareholders money is needed

as for what analogue field it can relate to --- NSE listed a couple

I presume you mean the HFC sp of 25cps at present -- the dilution by new shares at 20cps will knock it back to 20cps or less for sure ?

from NSE prospectus
Shares Number
Shares on issue at date of Prospectus 33,637,501
Shares now offered 32,500,000
Acquisition of New Standard Energy 70,405,508
Total Shares on issue at completion
of the Offer 136,543,009


Regards



--------------------
the Market is usually Right

I want to say what I think but I shouldn't
 
Commander C
post Posted: Jul 6 2008, 05:36 PM
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In reply to: db76 on Sunday 06/07/08 01:32pm

Hi DB

I am trying to work out the secret - will have to make a bundle in stocks this & next year so can retire young and spend the rest of my life attending Cracking the Canning workshops!

In the back of the NSE prospectus I thought I saw an ARQ shareholder priority form (record date was some time in June). Closing date for priority (where you quote your ARQ shareholder number et al) is 7 July....myself am unlikely to apply as last time I glanced through I thought it called for a minimum $5k which don't have on hand at the moment.

Still share price of 25c and offer price of 20c means there would be short-term potential, but only if no one else has the same idea and swamps the stock with sale orders post-cap raising.

Can hydrocarbons evaporate over time through a non-perfectly impermeable seal?
What basin is the Canning truly analagous too I wonder?

Cdr C

 
db76
post Posted: Jul 6 2008, 01:32 PM
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In reply to: Commander C on Sunday 06/07/08 08:50am

CC,

reading the ARQ Canning drilling reports you get the impression that HC were around at some point in time but have leaked away somewhere or evaporated ??

the "secret of the canning" is folklore (Eric's anyway) - what is it ?

vuggy cavernous structures ?

Buru farming in to spend $25M or so for 75% is interesting

the NSE mean OIP potential for their drill ready targets of 1671mmbbl is just a desk calculation

as far as I know HFC/NSE hasnt sent me any offer documents for the ARQ priority reservation for the new issue

have you got yours ?


NSE prospectus is worth reading to round out ones canning knowledge


Regards




--------------------
the Market is usually Right

I want to say what I think but I shouldn't
 
 


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