PANCONTINENTAL OIL - Projekte in Australien, Kenya, Malta, Marocco und Namibia (Seite 206)
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Letzter Kurs 07:44:03 Lang & Schwarz
Werte aus der Branche Öl/Gas
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,6000 | +18,51 | |
| 350,45 | +13,33 | |
| 19,650 | +11,77 | |
| 1,1600 | +11,54 | |
| 84,63 | +9,99 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 11,000 | -6,70 | |
| 6,6800 | -8,99 | |
| 4,6700 | -10,19 | |
| 3,7000 | -13,75 | |
| 0,8300 | -20,95 |
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WHL Energy, Pancontinental Oil and Gas and FAR make gains on East African oil and gas interest
Wednesday, July 11, 2012 by Bevis Yeo
Continued oil and gas successes in East Africa, including a recent wildcat oil discovery by Canadian company Africa Oil have drawn investor attention to ASX listed juniors operating in the region.
East African oil and gas has received another surge of interest after another oil discovery was made in Kenya, sending shares in ASX listed companies WHL Energy (ASX: WHN), Pancontinental Oil & Gas (ASX: PCL) and FAR Limited (ASX: FAR) up.
Africa Oil (TSXV: AOI) had last week encountered an additional 43 metres of net oil pay at its Ngamia-1 wildcat well in Kenya Block 10BB, adding to an earlier 100 metres if net pay in a shallower sand.
Despite this already impressive result, drilling of the well was cut short after encountering the basin bounding fault, which cut off a large chunk of the prospective reservoir, making it likely that wells drilled away from the fault could encounter the complete reservoir section with improved reservoir thicknesses and quality.
The find just adds to the growing perception of East Africa as the next big petroleum province.
Exploration in the waters off Tanzania and Mozambique have seen 24 discoveries with potential reserves of about 100 trillion cubic feet of gas from 27 wells, a unheard of success rate that could continue and potentially double this resource.
In comparison, Australia has estimated reserves of about 390 trillion cubic feet of gas.
Attention on ASX juniors
Little wonder than that Australian juniors operating in East African have seen a very positive run on the ASX today.
Seychelles explorer WHL Energy has seen its shares rise 9.68% to A$0.035 today with more than 25 million shares changing hands while Kenya players Pancontinental Oil & Gas has seen a 7.69% increase to A$0.21.
FAR Limited reached an intra-day high of A$0.053 before closing at A$0.05.
Volumes for the two companies were also notable with 10.8 million Pancontinental shares and more than 40.3 million FAR shares traded.
WHL Energy continues to progress talks to farm out interests in its Seychelles permits, which cover 21,426 square kilometres, in return for funding a drilling program that is expected to start in 2013.
These permits have being independently assessed by leading international petroleum consultant Netherland Sewell, & Associates to hold developed, unrisked net mean prospective P50 resources in the 21 most advanced leads and prospects of 3.5 billion barrels of oil equivalent.
An internal analysis completed by WHL Energy estimated unrisked, net mean P50 prospective resources in over 27 leads and prospects of 5.5 billion barrels of oil equivalent.
Meanwhile, Pancontinental Oil & Gas will participate (through its 15% shareholding in L8) in the highly prospective Mbawa prospect targeting up to 700 million barrels of oil that operator Apache Corporation (NYSE:APA) is drilling next month.
Australian energy major Origin Energy (ASX: ORG) also holds a slice of this potential resource with a 20% interest in L8.
FAR had last month started shooting 680 square kilometres of 3D seismic to better define the 7 prospects it has identified in the L6 permit, Lamu Basin.
The L6 permit is immediately north of recent, world scale, natural gas discoveries totalling around 100 trillion cubic feet off the coasts of Mozambique and Tanzania.
East African future
With supermajors such as ExxonMobil and Shell already in or looking to break into East Africa, there is little doubt that more activity will follow suit.
Plans have already been laid for further drilling offshore Kenya, Mozambique and Tanzania while the onshore assets are also starting to draw attention.
The large gas reserves found so far have the potential to support liquefied natural gas projects that could sell to Asia or possibly Europe.
http://www.proactiveinvestors.com.au/companies/news/31176/wh…
Wednesday, July 11, 2012 by Bevis Yeo
Continued oil and gas successes in East Africa, including a recent wildcat oil discovery by Canadian company Africa Oil have drawn investor attention to ASX listed juniors operating in the region.
East African oil and gas has received another surge of interest after another oil discovery was made in Kenya, sending shares in ASX listed companies WHL Energy (ASX: WHN), Pancontinental Oil & Gas (ASX: PCL) and FAR Limited (ASX: FAR) up.
Africa Oil (TSXV: AOI) had last week encountered an additional 43 metres of net oil pay at its Ngamia-1 wildcat well in Kenya Block 10BB, adding to an earlier 100 metres if net pay in a shallower sand.
Despite this already impressive result, drilling of the well was cut short after encountering the basin bounding fault, which cut off a large chunk of the prospective reservoir, making it likely that wells drilled away from the fault could encounter the complete reservoir section with improved reservoir thicknesses and quality.
The find just adds to the growing perception of East Africa as the next big petroleum province.
Exploration in the waters off Tanzania and Mozambique have seen 24 discoveries with potential reserves of about 100 trillion cubic feet of gas from 27 wells, a unheard of success rate that could continue and potentially double this resource.
In comparison, Australia has estimated reserves of about 390 trillion cubic feet of gas.
Attention on ASX juniors
Little wonder than that Australian juniors operating in East African have seen a very positive run on the ASX today.
Seychelles explorer WHL Energy has seen its shares rise 9.68% to A$0.035 today with more than 25 million shares changing hands while Kenya players Pancontinental Oil & Gas has seen a 7.69% increase to A$0.21.
FAR Limited reached an intra-day high of A$0.053 before closing at A$0.05.
Volumes for the two companies were also notable with 10.8 million Pancontinental shares and more than 40.3 million FAR shares traded.
WHL Energy continues to progress talks to farm out interests in its Seychelles permits, which cover 21,426 square kilometres, in return for funding a drilling program that is expected to start in 2013.
These permits have being independently assessed by leading international petroleum consultant Netherland Sewell, & Associates to hold developed, unrisked net mean prospective P50 resources in the 21 most advanced leads and prospects of 3.5 billion barrels of oil equivalent.
An internal analysis completed by WHL Energy estimated unrisked, net mean P50 prospective resources in over 27 leads and prospects of 5.5 billion barrels of oil equivalent.
Meanwhile, Pancontinental Oil & Gas will participate (through its 15% shareholding in L8) in the highly prospective Mbawa prospect targeting up to 700 million barrels of oil that operator Apache Corporation (NYSE:APA) is drilling next month.
Australian energy major Origin Energy (ASX: ORG) also holds a slice of this potential resource with a 20% interest in L8.
FAR had last month started shooting 680 square kilometres of 3D seismic to better define the 7 prospects it has identified in the L6 permit, Lamu Basin.
The L6 permit is immediately north of recent, world scale, natural gas discoveries totalling around 100 trillion cubic feet off the coasts of Mozambique and Tanzania.
East African future
With supermajors such as ExxonMobil and Shell already in or looking to break into East Africa, there is little doubt that more activity will follow suit.
Plans have already been laid for further drilling offshore Kenya, Mozambique and Tanzania while the onshore assets are also starting to draw attention.
The large gas reserves found so far have the potential to support liquefied natural gas projects that could sell to Asia or possibly Europe.
http://www.proactiveinvestors.com.au/companies/news/31176/wh…
Kenya leases all oil blocks
By PAUL WAFULA pwafula@ke.nationmedia.com
Posted Thursday, July 12 2012 at 20:57
In Summary
•Energy minister says all the 46 search sites have been contracted to companies for exploration
Kenya has now leased out all existing oil blocks to exploration companies as the country intensifies its oil search after its appetite rose from the Turkana find in March.
Energy minister Kiraitu Murungi says the government has given out the remaining four blocks to international firms including America’s Apache Corp, France’s Total, Anadarko from the US and China’s CNOOC.
“All our 46 oil blocks including the nine in the deep sea are now contracted out and our offices are currently busy signing production sharing contracts. The role of the ministry now is to follow up to ensure that the work programmes are implemented,” Mr Murungi said this on Wednesday evening at the sidelines of the launch of the Oil and Gas Summit scheduled to start in November.
Apache Corp is expected to drill Kenya’s first deep-water oil well in three months.
“We are going to deep sea drilling again from September with Apache about 60 kilometres East of Malindi. We are witnessing significant interest since we struck oil in Turkana,” he said.
Renewed interest in oil and gas exploration has seen the government rake in over Sh5 billion in license fees as multinationals scramble for rights to search for the black gold.
On average, a company licensed to explore in any of the blocks pays Sh25 million ($300,000) as a one-off goodwill charge for the licence, Sh14.7 million ($175,000) training fee per year and a negotiable surface fee that averages to about Sh840 ($10) per kilometre for each year the company is licensed.
Kenya has 46 gazetted blocks located in four sedimentary basins covering an area of 485,000 square kilometres.
The Energy ministry said the government is keen to learn from the best practices around the world to guide the exploitation of oil in an effort to protect the country from the risks associated with oil.
“We are looking at countries like Abu Dhabi, Norway and Ghana which have managed their oil resources fairly well as examples. However, we want to make Kenya a case study of the best management of oil in the world,” he said.
The ministry will be co-hosting the conference — East Africa Oil and Gas Summit — in partnership with Global Event Partners (K) Ltd between November 12 and 14.
The two-day conference is expected to provide a platform for leading East African decision makers to engage with international and local investors on investments opportunities.
http://www.nation.co.ke/business/news/Kenya+leases+all+oil+b…
By PAUL WAFULA pwafula@ke.nationmedia.com
Posted Thursday, July 12 2012 at 20:57
In Summary
•Energy minister says all the 46 search sites have been contracted to companies for exploration
Kenya has now leased out all existing oil blocks to exploration companies as the country intensifies its oil search after its appetite rose from the Turkana find in March.
Energy minister Kiraitu Murungi says the government has given out the remaining four blocks to international firms including America’s Apache Corp, France’s Total, Anadarko from the US and China’s CNOOC.
“All our 46 oil blocks including the nine in the deep sea are now contracted out and our offices are currently busy signing production sharing contracts. The role of the ministry now is to follow up to ensure that the work programmes are implemented,” Mr Murungi said this on Wednesday evening at the sidelines of the launch of the Oil and Gas Summit scheduled to start in November.
Apache Corp is expected to drill Kenya’s first deep-water oil well in three months.
“We are going to deep sea drilling again from September with Apache about 60 kilometres East of Malindi. We are witnessing significant interest since we struck oil in Turkana,” he said.
Renewed interest in oil and gas exploration has seen the government rake in over Sh5 billion in license fees as multinationals scramble for rights to search for the black gold.
On average, a company licensed to explore in any of the blocks pays Sh25 million ($300,000) as a one-off goodwill charge for the licence, Sh14.7 million ($175,000) training fee per year and a negotiable surface fee that averages to about Sh840 ($10) per kilometre for each year the company is licensed.
Kenya has 46 gazetted blocks located in four sedimentary basins covering an area of 485,000 square kilometres.
The Energy ministry said the government is keen to learn from the best practices around the world to guide the exploitation of oil in an effort to protect the country from the risks associated with oil.
“We are looking at countries like Abu Dhabi, Norway and Ghana which have managed their oil resources fairly well as examples. However, we want to make Kenya a case study of the best management of oil in the world,” he said.
The ministry will be co-hosting the conference — East Africa Oil and Gas Summit — in partnership with Global Event Partners (K) Ltd between November 12 and 14.
The two-day conference is expected to provide a platform for leading East African decision makers to engage with international and local investors on investments opportunities.
http://www.nation.co.ke/business/news/Kenya+leases+all+oil+b…
Trading Spotlight
FAR hat doch eine market cap von über 100 Mio, da sehe ich eigentlich keine Unterbewertung im vergleich zu PanCon.
Zitat von wasabibarako: PCL: Ganz grosser Block und - meiner Meinung nach super gelegen - off-shore NAMIBIA. Namibia wird meines Erachtens vermutlich die naechste "hot destination", da dort viele Bohrungen stattfinden werden in den naechsten 12 Monaten.
wasa
Guter Beitrag.
Zum Thema Namibia: Ich teile deine Einschätzung. Für mich ist das Walvis Basin (EL 0037) das unterschätzte Schmuckstück von PCL. Wenn man sich anschaut wer sich aller rundherum so positioniert (hat):
Antwort auf Beitrag Nr.: 43.381.197 von wasabibarako am 13.07.12 06:11:45Toller Beitrag und absolut nachvollziehbar.
Das mit dem Vertrauen in das Management ist so eine Sache, aber auch da kann ich Dir folgen....
hier ist alles möglich, nach oben wie nach unten...
schönes We an alle Investierte
Das mit dem Vertrauen in das Management ist so eine Sache, aber auch da kann ich Dir folgen....
hier ist alles möglich, nach oben wie nach unten...
schönes We an alle Investierte
LeSmou & andere: Ich halte - seit langer Zeit! - Aktien in FAR sowohl als auch in PCL.
Beim gegenwaertigen Kurs scheint es - im ersten Blick - tatsaechlich, dass FAR im Vergleich zu PCL stark unterbewertet ist, da FAR beim Kurs von 0.048 in etwa eine Marktkapitalisierung von 112 mio. ausweist gegenueber PCL beim Kurs von 0.20, der einer Marktkapitalisierung von in etwa 224 mio. entspricht... Also waere FAR theoretisch 50% unterbewertet.
Doch lass mich kurz die Werte der Beiden aufzeigen.
Zuerst die "hottest properties" zur Zeit - also in KENYA.
FAR hat 2 Bloecke: L6 mit 60% und L9 mit 30%.
PCL hat 4 Bloecke: L6 mit 40% / L8 mit 15% / L10A 15% / L10B 15%
Natuerlich ist PCL's 15% im Block L8 die absolut "hottest property", da hier die MBAWA Bohrung im August starten wird...
NEBST Ost-Afrika, haben sowohl FAR als auch PCL interessane Projekte off-shore West-Afrika - aber persoenlich taxiere ich die PCL property als viel interessanter als FAR's:
FAR: Bloecke in Senegal und Guinea-Bissau (aber bei Senegal hat es mit dem "farming-out" nun schon seit vielen Jahren nicht geklappt...)
PCL: Ganz grosser Block und - meiner Meinung nach super gelegen - off-shore NAMIBIA. Namibia wird meines Erachtens vermutlich die naechste "hot destination", da dort viele Bohrungen stattfinden werden in den naechsten 12 Monaten.
Ausserdem haben sowohl FAR als auch PCL noch gewisse andere Projekte, die ich aber fuer BEIDE Firmen nicht wirklich beruecksichtigen wuerde fuer eine Evaluation, da absolut keine Prioritaet in beiden Faellen. Deshalb nur der Vollheit halber:
FAR: In Australien und Jamaica
PCL: In Australien und Malta (Malta ist rechtlich umstritten...)
Nicht zu allerletzt ist es auch immer eine Frage, ob und wie stark man dem "Management" der Firma Vertrauen schenken kann. Fuer mich (korrekter- oder falscher-weise!) habe ich VIEL mehr VERTRAUEN in PCL's management. Die sind auch stark selbst investiert, was fuer mich auch immer ein gutes Zeichen ist.
Mein Fazit: Vermutlich ist FAR ein wenig unterbewertet - doch sicher nicht 50%.
wasa
Beim gegenwaertigen Kurs scheint es - im ersten Blick - tatsaechlich, dass FAR im Vergleich zu PCL stark unterbewertet ist, da FAR beim Kurs von 0.048 in etwa eine Marktkapitalisierung von 112 mio. ausweist gegenueber PCL beim Kurs von 0.20, der einer Marktkapitalisierung von in etwa 224 mio. entspricht... Also waere FAR theoretisch 50% unterbewertet.
Doch lass mich kurz die Werte der Beiden aufzeigen.
Zuerst die "hottest properties" zur Zeit - also in KENYA.
FAR hat 2 Bloecke: L6 mit 60% und L9 mit 30%.
PCL hat 4 Bloecke: L6 mit 40% / L8 mit 15% / L10A 15% / L10B 15%
Natuerlich ist PCL's 15% im Block L8 die absolut "hottest property", da hier die MBAWA Bohrung im August starten wird...
NEBST Ost-Afrika, haben sowohl FAR als auch PCL interessane Projekte off-shore West-Afrika - aber persoenlich taxiere ich die PCL property als viel interessanter als FAR's:
FAR: Bloecke in Senegal und Guinea-Bissau (aber bei Senegal hat es mit dem "farming-out" nun schon seit vielen Jahren nicht geklappt...)
PCL: Ganz grosser Block und - meiner Meinung nach super gelegen - off-shore NAMIBIA. Namibia wird meines Erachtens vermutlich die naechste "hot destination", da dort viele Bohrungen stattfinden werden in den naechsten 12 Monaten.
Ausserdem haben sowohl FAR als auch PCL noch gewisse andere Projekte, die ich aber fuer BEIDE Firmen nicht wirklich beruecksichtigen wuerde fuer eine Evaluation, da absolut keine Prioritaet in beiden Faellen. Deshalb nur der Vollheit halber:
FAR: In Australien und Jamaica
PCL: In Australien und Malta (Malta ist rechtlich umstritten...)
Nicht zu allerletzt ist es auch immer eine Frage, ob und wie stark man dem "Management" der Firma Vertrauen schenken kann. Fuer mich (korrekter- oder falscher-weise!) habe ich VIEL mehr VERTRAUEN in PCL's management. Die sind auch stark selbst investiert, was fuer mich auch immer ein gutes Zeichen ist.
Mein Fazit: Vermutlich ist FAR ein wenig unterbewertet - doch sicher nicht 50%.
wasa
Cheers to Dknow/hotcopper:
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Pancontinental - Spec Buy
Previous Close AUD0.21
Target AUD0.30
Pancontinental overnight announced the completion of the 3D seismic survey in its L6 exploration licence area offshore Kenya. The final data acquisition covered a 778 sq km area over several prospects, including the primary Kifaru Prospect. Pancontinental has a 40% interest in the L6 licence, with the operator (FAR) holding the remaining 60%. The data will now be processed and interpreted and it is anticipated that one or more prosects may be defined for drilling, which is planned “for some time in 2013 or early 2014”. Prior to the survey, we had pencilled in spudding of potential wells in Q313, with results in the following quarter and so the exploration programme would appear to be on schedule. Current interest in Pancontinental centres round its first offshore Kenyan well on the Mbawa Prospect in Block L8, which is being drilled by Apache Corporation this quarter. Pancontinental has a 15% stake in that prospect, in partnership with Apache (50%), Origin Energy (20%) and Tullow (15%). As such, today’s announcement is an incremental positive for the company, illustrating continued progress in a second target area.
http://www.dolmenstockbrokers.ie/reports/Dolmen%20Daily%2012…
---------
Pancontinental - Spec Buy
Previous Close AUD0.21
Target AUD0.30
Pancontinental overnight announced the completion of the 3D seismic survey in its L6 exploration licence area offshore Kenya. The final data acquisition covered a 778 sq km area over several prospects, including the primary Kifaru Prospect. Pancontinental has a 40% interest in the L6 licence, with the operator (FAR) holding the remaining 60%. The data will now be processed and interpreted and it is anticipated that one or more prosects may be defined for drilling, which is planned “for some time in 2013 or early 2014”. Prior to the survey, we had pencilled in spudding of potential wells in Q313, with results in the following quarter and so the exploration programme would appear to be on schedule. Current interest in Pancontinental centres round its first offshore Kenyan well on the Mbawa Prospect in Block L8, which is being drilled by Apache Corporation this quarter. Pancontinental has a 15% stake in that prospect, in partnership with Apache (50%), Origin Energy (20%) and Tullow (15%). As such, today’s announcement is an incremental positive for the company, illustrating continued progress in a second target area.
http://www.dolmenstockbrokers.ie/reports/Dolmen%20Daily%2012…
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