PANCONTINENTAL OIL - Projekte in Australien, Kenya, Malta, Marocco und Namibia (Seite 237)
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ISIN: AU000000PCL4 · WKN: A0CAFF · Symbol: PUB
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| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 19,650 | +11,77 | |
| 1,1600 | +11,54 | |
| 84,63 | +9,99 | |
| 0,9600 | +9,09 | |
| 15,010 | +8,85 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 3,5200 | -15,38 | |
| 6,170 | -22,39 | |
| 3,580 | -26,34 | |
| 1,910 | -35,25 | |
| 1,290 | -42,67 |
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Meine Lieblingspassagen:
The result is a risked valuation of 33cps, with unrisked upside potential of 1,047cps. This does not include any followup potential at other prospects / leads in each block.
S.11
In Kenya, PCL has farmed-in arguably the best African explorer of the last decade, Tullow Oil Plc, and will be largely free carried through drilling of the 1 billion barrel plus Mbawa prospect. Timing has now been finalised by operator, Apache, with the contract of a drill ship, which (subject to completing current operations) is scheduled for spud in Q3 2012. The value uplift for PCL, in a success case, exceeds 10 times return on investment based on Mbawa alone. If Mbawa South and its other permits are taken into account, this multiple is much higher. It is likely that share price appreciation will occur in the lead up to the drilling, given the upside potential.
In Namibia, the Company has a large Exploration Licence in an area that is deemed prospective based on studies done by PCL and also by regional neighbours. Overseas markets are valuing explorers in Namibia on high multiples despite no wells being drilled. This is due to interpreted geological similarities between Namibia and Brazil, where large discoveries have recently been made.
S.12
The result is a risked valuation of 33cps, with unrisked upside potential of 1,047cps. This does not include any followup potential at other prospects / leads in each block.
S.11
In Kenya, PCL has farmed-in arguably the best African explorer of the last decade, Tullow Oil Plc, and will be largely free carried through drilling of the 1 billion barrel plus Mbawa prospect. Timing has now been finalised by operator, Apache, with the contract of a drill ship, which (subject to completing current operations) is scheduled for spud in Q3 2012. The value uplift for PCL, in a success case, exceeds 10 times return on investment based on Mbawa alone. If Mbawa South and its other permits are taken into account, this multiple is much higher. It is likely that share price appreciation will occur in the lead up to the drilling, given the upside potential.
In Namibia, the Company has a large Exploration Licence in an area that is deemed prospective based on studies done by PCL and also by regional neighbours. Overseas markets are valuing explorers in Namibia on high multiples despite no wells being drilled. This is due to interpreted geological similarities between Namibia and Brazil, where large discoveries have recently been made.
S.12
Vielen Dank wasabibarako.
Neues 6-Monats-Preis-Target jetzt 0,33 AU$
Link zum neuen Hartleys-Bericht:
http://www.pancon.com.au/investor-centre/broker-reports/repo…
Neues 6-Monats-Preis-Target jetzt 0,33 AU$
Link zum neuen Hartleys-Bericht:
http://www.pancon.com.au/investor-centre/broker-reports/repo…
Neuer HARTLEYS Limited "research report" auf der PCL Webseite. Neues (erhoehtes) Aktien-Preis "target". Auch: Namibia wird erwaehnt als noch voellig unterbewertet...
wasa
wasa
Artikel zur NR:
Apache gets drilling rig for offshore block
Apache Kenya has secured a deepwater drilling ship for giant Mbawa Prospect, a well on an offshore Kenyan oil exploration block, Pancontinental Oil Gas announced.
In a statement released on Tuesday, the Kenya L8 license operator said it is anticipating a spud date within the third quarter of 2012, with the actual date depending on when the drilling rig is finished with its current operations.
“Apache Kenya Limited (Apache) has secured the use of the deepwater drilling ship Deepsea Metro 1 to drill the giant Mbawa Prospect,” the firm said in a statement.
“The well is expected to take some 45 to 60 days to complete to a planned total depth of 3,250m subsea in water depth of 860m, easily within the range of modern equipment,” the firm said.
The development comes as Kenya’s energy ministry officials have expressed optimism that the discovery of commercial quantities of oil will ignite fresh investments in most of the country’s under- explored regions.
While decades of oil exploration failed to yield results, in most cases, ending with nothing less than a bottle of crude oil, an oil expert said there were high hopes of Kenya striking oil with the advent of new oil exploration technologies.
Engineers working for an Irish oil exploration firm, Tullow Oil, announced last month that quantities of oil were discovered in Turkana, northern Kenya.
The rock on which the oil was discovered is over 20 metres deep and is believed to bear larger oil quantities than those discovered by Tullow in Uganda three years ago.
Kenya and the entire East African region, has witnessed intensified exploratory activity since 2003, which led to the discoveries of oil and gas in Uganda and Tanzania. There is also ongoing exploration in Ethiopia.
Pancontinental said it has four projects offshore Kenya covering more than 18,000 square kilometres in licence areas L6, L8, L10A and L10B, with the L8 / Mbawa project being the most advanced and Mbawa being the first prospect to be drilled.
Additional potential
It estimates that Mbawa has maximum potential to contain 4.9 billion barrels of oil in place at the main Tertiary/Cretaceous level with significant additional potential also to be tested by the well at the deeper Upper Jurassic level and shallower Tertiary levels.
Only drilling is capable of verifying the oil and gas volumetric potential (if any) of the Mbawa Prospect.
http://www.nation.co.ke/business/news/Apache+gets+drilling+r…
Apache gets drilling rig for offshore block
Apache Kenya has secured a deepwater drilling ship for giant Mbawa Prospect, a well on an offshore Kenyan oil exploration block, Pancontinental Oil Gas announced.
In a statement released on Tuesday, the Kenya L8 license operator said it is anticipating a spud date within the third quarter of 2012, with the actual date depending on when the drilling rig is finished with its current operations.
“Apache Kenya Limited (Apache) has secured the use of the deepwater drilling ship Deepsea Metro 1 to drill the giant Mbawa Prospect,” the firm said in a statement.
“The well is expected to take some 45 to 60 days to complete to a planned total depth of 3,250m subsea in water depth of 860m, easily within the range of modern equipment,” the firm said.
The development comes as Kenya’s energy ministry officials have expressed optimism that the discovery of commercial quantities of oil will ignite fresh investments in most of the country’s under- explored regions.
While decades of oil exploration failed to yield results, in most cases, ending with nothing less than a bottle of crude oil, an oil expert said there were high hopes of Kenya striking oil with the advent of new oil exploration technologies.
Engineers working for an Irish oil exploration firm, Tullow Oil, announced last month that quantities of oil were discovered in Turkana, northern Kenya.
The rock on which the oil was discovered is over 20 metres deep and is believed to bear larger oil quantities than those discovered by Tullow in Uganda three years ago.
Kenya and the entire East African region, has witnessed intensified exploratory activity since 2003, which led to the discoveries of oil and gas in Uganda and Tanzania. There is also ongoing exploration in Ethiopia.
Pancontinental said it has four projects offshore Kenya covering more than 18,000 square kilometres in licence areas L6, L8, L10A and L10B, with the L8 / Mbawa project being the most advanced and Mbawa being the first prospect to be drilled.
Additional potential
It estimates that Mbawa has maximum potential to contain 4.9 billion barrels of oil in place at the main Tertiary/Cretaceous level with significant additional potential also to be tested by the well at the deeper Upper Jurassic level and shallower Tertiary levels.
Only drilling is capable of verifying the oil and gas volumetric potential (if any) of the Mbawa Prospect.
http://www.nation.co.ke/business/news/Apache+gets+drilling+r…
Die ofshore Bohrung bei Energulf hat damals glaube ich 150 Mio gekostet.
Trading Spotlight
Capital Raising nach dem Fund wäre mir lieber!!
Fliegenschiss: Moeglicherweise noch recht viele Dollars mehr als urspruenglich geplant, da die Bohrkosten scheinbar doch wesentlich gestiegen sind. Bis 60 mio. Dollars waeren "abgedeckt", doch koennte die Rechnung bis auf 100 mio. Dollars heraufgehen wie einer der es vermutlich besser weiss als ich auf HC geschrieben hat!
Also ist ein erneutes "Capital Raising" wohl frueher oder spaeter (aber vor dem Drilling of Mbawa) wohl angesagt.
Daher wohl auch die Preis-Schwaeche der Aktie nach einer an und fuer sich ueberaus positiven Meldung.
All just in my humble opinion.
wasa
Also ist ein erneutes "Capital Raising" wohl frueher oder spaeter (aber vor dem Drilling of Mbawa) wohl angesagt.
Daher wohl auch die Preis-Schwaeche der Aktie nach einer an und fuer sich ueberaus positiven Meldung.
All just in my humble opinion.
wasa
Heutige NR:
Kenya: Apache secures drill ship for Mbawa Prospect offshore Kenya
10 Apr 2012
Kenya Block L8 operator Apache Kenya Limited has secured the drilling ship Deepsea Metro 1 for the giant Mbawa Prospect
Drilling is anticipated to commence in Q3 2012
Pancontinental Oil & Gas is funded for a significant part of the well cost under a Farm-Out Agreement with Tullow (PCL retains 15%)
Initial drilling of Mbawa Prospect will be on the drill-ready potential one-billionbarrel-plus L8 Block
Kenya L8 Mbawa drilling update
JV partner Pancontinental Oil & Gas has announced that the Kenya L8 licence operator Apache Kenya has secured the use of the deepwater drilling ship Deepsea Metro 1 to drill the giant Mbawa Prospect. Apache is anticipating a spud date within Q3 2012, with the actual date depending on when the drilling rig is finished with its current operations. The well is expected to take some 45 to 60 days to complete to a planned total depth of 3,250m subsea in water depth of 860m, easily within the range of modern equipment.
Pancontinental has a 15% interest 'free-carried' through Mbawa drilling by Tullow Oil up to a 'cap' of US$ 9 million (as may be reduced by other exploration expenditure). Pancontinental
now expects to have to contribute more to the well cost due to increased well cost estimates.
Pancontinental estimates that Mbawa has maximum potential to contain 4.9 billion barrels of oil in place at the main Tertiary / Cretaceous level with significant additional potential also to be tested by the well at the deeper Upper Jurassic level and shallower Tertiary levels. Only drilling is capable of verifying the oil and gas volumetric potential (if any) of the Mbawa Prospect.
Pancontinental has four projects offshore Kenya covering more than 18,000 sq kms in licence areas L6, L8, L10A and L10B, with the L8 / Mbawa project being the most advanced
and Mbawa being the first prospect to be drilled.
Pancontinental’s CEO Barry Rushworth commented:
'Pancontinental is in the unique position of having sizeable interests in a number of Kenyan and Namibian offshore licences and having substantial leverage to any Mbawa drilling success. We are very pleased that a drilling rig contract has now been signed by our operator Apache for the L8 Mbawa Prospect. We are pursuing what we see as a major oil play rather than a gas play offshore Kenya and we are doing the same offshore Namibia. The economics of oil developments are often far better than those for gas, with potential for much earlier cash flow and much lower development costs compared to LNG, for example.
After the recent consolidations relating to Dominion, Ophir and Cove, Pancontinental is one of the few listed companies globally offering significant leverage to two of the most exciting oil and gas regions of the decade, namely East Africa and Namibia. Apache is now leading the L8 venture in an aggressive exploration programme and in our other Kenyan blocks L10A and L10B we also have fast-moving activity led by BG Group'.
Original article link
Source: Pancontinental Oil & Gas
http://www.energy-pedia.com/news/kenya/new-149864
Kenya: Apache secures drill ship for Mbawa Prospect offshore Kenya
10 Apr 2012
Kenya Block L8 operator Apache Kenya Limited has secured the drilling ship Deepsea Metro 1 for the giant Mbawa Prospect
Drilling is anticipated to commence in Q3 2012
Pancontinental Oil & Gas is funded for a significant part of the well cost under a Farm-Out Agreement with Tullow (PCL retains 15%)
Initial drilling of Mbawa Prospect will be on the drill-ready potential one-billionbarrel-plus L8 Block
Kenya L8 Mbawa drilling update
JV partner Pancontinental Oil & Gas has announced that the Kenya L8 licence operator Apache Kenya has secured the use of the deepwater drilling ship Deepsea Metro 1 to drill the giant Mbawa Prospect. Apache is anticipating a spud date within Q3 2012, with the actual date depending on when the drilling rig is finished with its current operations. The well is expected to take some 45 to 60 days to complete to a planned total depth of 3,250m subsea in water depth of 860m, easily within the range of modern equipment.
Pancontinental has a 15% interest 'free-carried' through Mbawa drilling by Tullow Oil up to a 'cap' of US$ 9 million (as may be reduced by other exploration expenditure). Pancontinental
now expects to have to contribute more to the well cost due to increased well cost estimates.
Pancontinental estimates that Mbawa has maximum potential to contain 4.9 billion barrels of oil in place at the main Tertiary / Cretaceous level with significant additional potential also to be tested by the well at the deeper Upper Jurassic level and shallower Tertiary levels. Only drilling is capable of verifying the oil and gas volumetric potential (if any) of the Mbawa Prospect.
Pancontinental has four projects offshore Kenya covering more than 18,000 sq kms in licence areas L6, L8, L10A and L10B, with the L8 / Mbawa project being the most advanced
and Mbawa being the first prospect to be drilled.
Pancontinental’s CEO Barry Rushworth commented:
'Pancontinental is in the unique position of having sizeable interests in a number of Kenyan and Namibian offshore licences and having substantial leverage to any Mbawa drilling success. We are very pleased that a drilling rig contract has now been signed by our operator Apache for the L8 Mbawa Prospect. We are pursuing what we see as a major oil play rather than a gas play offshore Kenya and we are doing the same offshore Namibia. The economics of oil developments are often far better than those for gas, with potential for much earlier cash flow and much lower development costs compared to LNG, for example.
After the recent consolidations relating to Dominion, Ophir and Cove, Pancontinental is one of the few listed companies globally offering significant leverage to two of the most exciting oil and gas regions of the decade, namely East Africa and Namibia. Apache is now leading the L8 venture in an aggressive exploration programme and in our other Kenyan blocks L10A and L10B we also have fast-moving activity led by BG Group'.
Original article link
Source: Pancontinental Oil & Gas
http://www.energy-pedia.com/news/kenya/new-149864
Schade das der Kurs nicht entsprechend reagiert. Kann aber daran liegen, das PCL vielleicht noch ein paar Dollar mehr aufbringen muss als geplant.
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