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   Gold/Mining/EnergyThe Oil & Gas Elephant Hunt


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To: Paul Senior who wrote (304)1/9/2013 2:49:55 PM
From: Paul Senior
   of 310
 
Decided I'll up my small position a little in New Zealand's NZERF (NZ.v).

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To: Paul Senior who wrote (302)1/9/2013 11:47:50 PM
From: Paul Senior
   of 310
 
Molopo (MPO). Adding small to my few shares. Stock trades for about what its cash holdings are:

The stock has fallen ==> the company did not meet it's 2012 target production level.

clients.weblink.com.au

"The market’s reaction mirrors this sentiment as our shares have traded to a price that is around the value of our projected cash balance per share, which excludes any value for our production, land base and large resource potential..."

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From: Paul Senior3/12/2013 9:33:25 PM
   of 310
 
Fwiw: Aussie's in USA companies Molopo, Sundance, Antares mentioned in this Sept '12 Bloomberg article.

bloomberg.com

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From: Paul Senior5/28/2013 6:41:06 PM
1 Recommendation   of 310
 
Adding to my position in Pinecrest Energy, PNCGF/PRY.v, as stock continues to fall.

(ouch!)

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To: Paul Senior who wrote (308)7/23/2013 11:00:08 PM
From: Paul Senior
1 Recommendation   of 310
 
And adding more to my losing position in Pinecrest, PNCGF, PRY.v

2P NPV = $1.67, and stock is about .66. Decently low p/cash flow (based on Q1 numbers).

$66.01/boe (avg 2012) operating netback. 98% light oil.

1Q 2013 average production; 4,315 boed. Year end production set at 6k bopd Yahoo shows ev to be $242M @ .64/sh.

Insiders hod 10%, or 21% fully diluted.

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To: richardred who wrote (250)1/7/2020 10:17:31 AM
From: richardred
   of 310
 
Apache, Total make major oil discovery offshore Suriname

PARIS (Reuters) - Apache Corporation and Total said on Tuesday they made a major oil discovery offshore Suriname with the closely watched Maka-Central 1 well.

Apache’s exploration offshore Suriname has been on the radar as it is just over the border from an Exxon Mobil-led consortium’s giant fields off Guyana, which are estimated to hold more than 6 billion barrels of oil.

The Make-Central 1 well confirmed a geologic model with 73 metres (240 feet) of oil pay and 50 metres (164 feet) of light oil and gas condensate pay, and more appraisal planning was underway, Apache said in a statement.

“This appears to be a significant discovery and should be viewed very positively,” RBC Capital Markets analyst Scott Hanold said.

Apache’s shares rose 14.6% to $29.39 in premarket trading.

The independent U.S. oil producer’s agreement with Total SA for joint development offshore Suriname included a $100 million payment at the outset, and additional pay for expenses recorded in the exploration.

Suriname was considered a long-shot for Apache, which had largely focused on a venture in a remote corner of the Permian Shale basin, the top U.S. shale formation.

However, that area has required enormous infrastructure investments and delivered mostly natural gas at a time when prices for the fuel are at their lowest in more than two decades. Apache has pledged to spend 20% less this year on capital outlays than in 2019.

“We are very pleased with results from Maka Central-1. The well proves a working hydrocarbon system in the first two play types within Block 58 and confirms our geologic model with oil and condensate in shallower zones and oil in deeper zones,” said Apache Chief Executive Officer and President John J. Christmann.

reuters.com

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