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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 309
 
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 309
 
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 309
 
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 309
 
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 309
 
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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