High North Resources - 500 Beiträge pro Seite

[M@trix]

Ich habe hier eine Start-Position zu 0,52 CAD eröffnet:

http://www.highnorthresources.com

http://www.stockhouse.com/companies/quote/v.hn/high-north-re…

Hier eine Vorstellung durch AlphaStox vom letzten Herbst:

I wanted to introduce another oil and gas player in Alberta that is working towards unlocking value in targeting the Nordegg, Duvernay, Exshaw and currently, the Montney. For High North Resources (HN.V), this is both a conventional and unconventional oil play with great upside potential, especially given its current management team and its close proximity to many producing wells.

The company is currently doing a $0.35 financing, raising up to $8.25 million while having already raised 3.4 million. The stock closed last Friday, September 20th, 2013 at $0.40 and is currently sitting with a $13 million market cap. I want everyone to know that my company, Transcend Resource Group has taken a position in High North Resource at $0.35. This is my first encounter with the company, but I like its revenue potential, the management team and the area.

HN currently owns 11,500 acres and has access to a further 113,300 acres targeting high quality Montney sweet crude oil. This has the potential for very large oil reserves especially when you Long Run Exploration (LRE), a $600 million advanced stage exploration company working right beside you. Long Run’s stock has increased over 50% since July 2013 from $3.70 to over $5.50 based on their production increase. RMP Energy is also drilling Montney wells and is drilling just to the south of High North. RMP shareholders have been extremely satisfied with its performance going from a low of $1.99 to a high of $5.66 in just one year. They have had some big wells hit 1000 bpd from their Montney horizontals and it obviously showed in their stock price having increased over 180%.

One of the things that really stood out for me before I decided to make an investment in High North was the acreage. High North has 119,680 acres. Chevron Canada recently acquired 67,900 net acres for a reported $1 Billion while Encana sold 225,000 acres for $2.2 Billion which comes out to approximately $9,800 per acre. Chevron and Encana are about 40-50km south of High North’s wells but its shows the potential of the area.

The second thing that stood out for me was the recent Montney oil rates and the net backs HN would get. Judging from other players in the area, 30 day initial rates are about 300 to 600+ BOEPD. 90 day oil average rate is approximately 260 BOPD. The net backs are very high as well. At $70/oil, HN would get a $50 net back giving the company great revenue potential especially since they project to drill up to 16 horizontal wells in 2014.They are currently raising up to $8.25 million, (of which $3.4 million is already done), to drill two Montney horizontal development wells and one horizontal exploration well and if successful, the company plans to raise an additional $35 million in the end of 2013 or Q1 2014 to drill a 16 well Montney Program. The Montney is really heating up. According to Long Run Exploration’s July 31st financials, given its current success on the Montney:

“2013 development capital spending on the Montney oil play is expected to be approx. $110 million”.

High North’s management team has been extremely successful in taking junior exploration companies and turning them into profitable oil producers where shareholders made substantial returns on their investment. Colin Soares, the company’s President was the Founder and President of Rocor Resources Inc. which he sold to Petrobank in 2008 for over $50 million and Arn Schoch, High North’s CEO was the Founder and CEO of Strategic Oil (SOG.V) from 2004-July 2012, taking the stock from $0.15 to well over $1. Strategic is currently trading at $0.97 and has over a $200 million market cap.

Make sure you keep High North (HN.V) on watch now and stay tuned for the company’s news flow. The company is drilling now and is awaiting results shortly so stay tuned for that.


High North ist auf dem richtigen Weg. Mich überzeugt vor allem das Management und ich denke, Aktionäre werden viel Freude mit der Aktie haben.

M@trix


http://finance.yahoo.com/q?s=HN.V

[Popeye82]

Antwort auf Beitrag Nr.: 47.256.072 von M@trix am 03.07.14 17:00:54

Wenn die was brauchbares entdecken sicher interessant.
Der Net Back der umliegenden Firmen sieht extrem hoch aus.

Gruß
P.

[M@trix]

Hallo Popeye81,

lies mal das jüngste Update durch - sie haben ja bereits einiges gefunden:

High North Resources: Drilling Program Update

CALGARY, ALBERTA--(Marketwired - June 23, 2014)

High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to provide an operational update on its drilling program. The Company's fourth well, 08-21-076-21W5M, located on the northern portion of the Company's Girouxville-Mclean property, has been drilled and stimulated and is derisking five sections of land which Management anticipates will provide 20 to 24 horizontal drilling locations. The drill location of this fourth well is adjacent to a section of land on which another oil and gas producer has applied to drill four Montney oil horizontal wells. The 08-21 well produced hydrocarbons from the Montney formation during the production test and is currently shut-in for a pressure build-up test as required by government regulations.

The Company's fifth well, located at 08-02-076-21W5M, was drilled in the Montney formation and is scheduled to commence completion this week. This well directly offsets a competitor's Montney oil well which reported a 30-day initial production rate of 360 barrels of oil per day and cumulatively produced 33,000 barrels of oil during its first six months, indicating a potential payout in one year using a netback of $50.00 per barrel of oil.

The Company's first two wells, 16-2-76-21W5M and 9-2-76-21W5M, continue to flow oil at approximately 240 barrels per day at wellhead pressures above 870 psia through restricted, undersized, rental surface facilities. Management believes that the high pressures are indicative of the capability of increased production rates. Installation of permanent facilities is expected in July, 2014. The Alberta Energy Regulator (the "AER") is permitting production until end of April, 2015, subject to flaring volume constraints while the Company proceeds toward the installation of facilities in order to conserve and produce NGLs from the associated gas. The Company's third well, 9-26-76-21W5M is shut-in temporarily due to weather-related transportation delays of produced fluid. The Company is planning to alleviate this situation shortly. Additionally, the Company's project development drilling plan for its 20 contiguous sections has been submitted to the AER and is currently under review.

High North's Girouxville-Mclean property is located in Townships 075 to 076, Range 21 W5M, approximately 200 miles northwest of Edmonton, Alberta. The Company holds a 100 percent working interest in the three horizontal wells described above producing 30 degree API oil from the Montney Formation. High North holds a contiguous block of lands comprising 20.25 sections, with current drilling directly offsetting significant production from an adjacent oil and gas producer.

In the Girouxville-McLean area, the Company has earned 100 percent working interest in 38.25 sections of land with prospective Montney rights through acquisitions of Crown land and wells drilled to date. The Company intends to drill a minimum of four horizontal wells per section targeting Montney oil on these prospective lands. The Company can also earn an additional 134.75 sections of Montney rights through future drilling commitments.

http://www.stockhouse.com/companies/bullboard/v.hn/high-nort…

[M@trix]

Der Grund des heutigen Einstieges (habe den Wert schon seit dem Alphastox-Beitrag auf der Watchlist) liegt im heutigen operativen Update:

http://www.stockhouse.com/news/press-releases/2014/07/03/hig…

Das bedeutet, dass High North über den Sommer ein sehr expansives Programm fahren kann und entsprechend ein kontinuierlicher Newsflow zu erwarten ist. Sollten einige weitere "Treffer" dazu kommen, könnte ich mir schon bis Ende Herbst eine Kursverdopplung vorstellen.

M@trix

[Popeye82]

Antwort auf Beitrag Nr.: 47.256.954 von M@trix am 03.07.14 18:50:45

Jo, diese Finanzierung würde ich aber nicht überbewerten.
Wenn das jetzige Programm erfolgreich ist müsste ja nochmal relativ -zur Bewertung- massiver Kapitalbedarf anstehen?

Gruß
P.

[M@trix]

Ja, sie werden sicher im Oktober weiteres Kapital aufnehmen. Bis dahin werden sie aber alles daran setzen, die Bewertung weiter nach oben zu bringen durch entsprechende News. Warten wir es mal ab. Wichtig sind die Produktionszahlen.

Grüße,
M@trix

[M@trix]

Text von Mitte Februar, der das Potenzial aufzeigt:

Transformation Time: High North Resources Inside Crucial 6-Month Window

(VantageWire.com) – Timing is everything in the investment world of junior oil and gas. With 16 Montney oil wells on deck over the next 6 months, High North Resources [HN:CA] is on the cusp of a major transformation. Since the last time the Bottom Line Report covered this blossoming junior, the company has added more land in the prolific Peace River region and now the company has over 160 drill locations right next to a major player, which is producing over 10,000 BOE/d in the area. Their opportunity to repeat their neighbour’s success is well underway.

Over the next two quarters, there are two highly probable scenarios for High North: Either they become a respectable producer with 1,600-3,200 barrels under its belt; or they become a high impact takeout target for a much larger neighbour. For the sake of looking at the opportunity as a whole, we’re going to focus solely on the former. Waiting for a take-out isn’t half as interesting as watching a junior grow.

Among the impact players in the region is Long Run Exploration [LRE:CA] whom at a market cap of over $550 million dwarfs the current size of junior neighbor High North (at just over $31 million). Long Run grew to its current size through a strategy that High North is in the process of replicating now: steady growth, one low-risk well at a time.

High North has already drilled 3 successful wells, and plans to launch a 16-well program. Flow rates on those wells are due very soon, and could significantly impact the outlook for the upcoming 16 wells to be drilled over the next 6 months.

MONEY IN THE MONTNEY

Long Run isn’t the only present-day producer that took this route along Montney’s oil fairway. Other similar parties in the region include Donnycreek Energy [DCK:CA], and to a deeper but similar geophysical extent RMP Energy [RMP:CA]. What all of these companies have in common is that their bread and butter came from this same Montney region, and that all of them have share prices above $2.80.

Of that grouping, Donnycreek is the closest to where High North should be at the end of its 2014 drilling campaign. Currently producing 1,400 BOE/d, Donnycreek is a convenient comparable to use when looking at the big picture.

Over the course of 2014, Donnycreek estimates its production to average 1,700 boe/d.

Now when you look at High North’s expectations for 2014, they could be playing catch-up to an entity like Donnycreek faster than you know it, by using the Long Run strategy.

The formula that worked so well for Long Run over the last 18 months has been to chip away at their Montney asset, one horizontal well at a time. Relatively cheap and repeatable, this method helped to grow Long Run’s Peace River production to more than 10,000 BOE/d.

According to Long Run’s most recent presentation, current horizontal Montney oil wells designed using a 25 stage frac and completed with a cemented liner have an average IP30 of 250 BOE/d and IP90 of 200 BOE/d. With a $2 million on-stream cost, payouts come in at approximately 12 months and estimated ultimate recovery’s at 175 mboe.

Over half of that production comes within a fairway that Long Run is producing 6,000 BOE/d out of. This stretch is central to Long Run’s initial two-year initial development plan that includes 90 horizontal Montney wells.



Right next to and on top of the SW portion of that fairway sits High North’s most valuable property. When looking at the area map, High North is completely surrounded by land that Long Run has already purchased. Long Run’s desire to pick off the surrounding area hints at a definite interest in the real estate High North is sitting on.

As well, looking at Long Run’s actions to date, it’s easy see that they believe there’s plenty more production to come from the area. To accommodate the growth, Long Run has already built two 5,000 bbl/d oil facilities at Normandville and Girouxville.

In the meantime, High North’s 16-well program gives the junior a chance to pick some profitable low-hanging fruit. Each drilling location offsets Long Run’s established production.

If each well is expected to get an average production between 100 to 200 BOE/d, based on Long Run’s model, than that would put High North’s production after the 16-well campaign somewhere in the ballpark of 1600-3200 BOE/d.

Which brings us back to a Donnycreek comparable. Donnycreek’s current 1,400 BOE/d has given them a market presence, and a share price north of $2.97. Asking the same valuation for a company like High North is a completely reasonable request.

THE BOTTOM LINE

Despite a recent rise in share price, High North is still a long way off of realizing its true market potential. Drilling $2 million wells with a payout period of around a year, is a great way for a junior to build itself a nice reputation. Using the Long Run strategy for growth is a proven way to gain momentum and production. There’s ample reason to believe that a group like High North could catch-up to other regional players, such as Donnycreek or RMP Energy by year’s end.

At the core of the High North story is the gargantuan land position in an already recognized oil window. Companies south of a $50 million market cap don’t typically control this much valuable real estate. Though there may be others with larger Montney land positions, many of those sections are in the gas window-High North’s are mainly oil.

As Long Run closes in on 100 Montney wells, High North can safely ride the success wave that Long Run started. After this 16 well program is completed, that’ll put High North’s production in the ballpark of the important 2,500 boe/d threshold. At that number, companies can typically self-finance $4-$6 million wells without having to water down equity or run up the company debt level. For $2 million wells, it’s even easier to pay for these themselves.

It’s important to note that the High North story has a Duvernay upside. They hold the rights to the deeper formation that is quickly becoming a prized possession of many of the industry’s giants. PetroChina shelled out nearly $10,000 per acre to JV with Encana on the Duvernay back in 2012, and Chevron went even further by spending over $14,000 per acre on Duvernay rights in 2013.

So even if Long Run doesn’t take out High North for the Montney right away, there’s still a number of big caps that could come knocking to either buy out or farm-in on the junior’s 120,000 acres of Duvernay.

In the meantime, it’ll be interesting to see what develops as High North builds its production from 0 to 2,500 boe/d. Crossing that threshold is a major game changer in the junior oil space. It can mean the difference between being a $0.50-$0.75 stock, and a $2.50-$4 stock. Where High North is when it exits 2014 is still up for grabs, but they’re sure headed in the right direction.

G. Joel Chury
for the Bottom Line Report

High North Resources Ltd.

1610, 736-6th Ave Sw
Calgary, AB T2P 3T7
[phone]
Email: [e-mail]

http://www.vantagewire.com/2014/02/transformation-time-high-…

[M@trix]

High North Resources-Operations Update on Core Area, Blocks A to H

High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to provide a general corporate and operational update.

Summary

High North is pleased to announce Montney oil flowing production rates from the five horizontal wells drilled to-date on its 100 percent owned core area 20.25 contiguous sections (Blocks A to H) at the Girouxville-Mclean property.

Since bringing on the Company's first well in mid-January 2014 to the end of May, 2014, over 40,700 barrels of oil ("bbls") or over 54,600 barrels of oil equivalent ("boe"), including associated gas have been produced. Five out the five 100% working interest wells flowed oil during test periods. The two wells currently on production (09-02-76-21W5M, 16-02-76-21W5M) on section 02-76-21W5M, and wells 08-21-76-21W5M, 08-02-76-21W5M, 16-02-76-21W5M meet or exceed management's Montney oil type curve. A work over at 09-26-75-21W5M is planned to increase productivity after larger surface equipment is installed.

Due to undersized surface equipment bottlenecks, the initial flowing production rates ("IP") in the following table reflect restricted rates. Larger sized equipment is currently being installed and is expected to be completed by mid-August, 2014. In management's opinion this increase in productivity will enable the wells to pay out between one year and one and a half years. The cost to-date of drilling and completion is on average $2.5 million per well.

Drilling Update

Wells Flowing Montney Oil Production Rates (bbls/d)
Presented from North to South IP (30 days) IP (90 days) Completion Test IP Completion(1) Test Period (days)
08-21-76-21W5M Anticipate being on-stream late August, 2014 N/A 86 5
16-02-76-21W5M 229 218 159 7
09-02-76-21W5M 160 141 67 18
08-02-76-21W5M Anticipate being on-stream late July, 2014 N/A 130 7
09-26-75-21W5M 47 27 50 2
Note: (1) Completion test period from first oil produced.
The Alberta Energy Regulator (the "AER") has granted approval to flare a total of 781 thousand cubic feet per day ("Mcf/d") on the associated gas production from section 02-76-21W5M wells until the end of April, 2015. Currently, a total of 415 Mcf/d or 53% is flared from 16-02-76-21W5M and 09-02-76-21W5M and approximately 200 Mcf/d from 09-26-75-21W5M. The associated gas flaring will be minimal until major facilities such as a gas plant and gas sales line are installed. The Company has filed an application with the AER to flare natural gas from 09-26-75-21W5M and 08-21-76-21W5M along with future drills until gas and natural gas liquids ("NGLs") conservation is finalized and executed.

In addition to the three wells currently producing oil, the Company has de-risked the 20.25 contiguous sections by drilling two Montney horizontal step-out wells at 08-21-76-21W5M and 09-26-75-21W5M. The 09-26-75-21W5M well is 23 metres structurally lower than the 09-02-76-21W5M well and is producing oil, while 08-21-76-21W5M is 12 metres structurally higher than 09-02-76-21W5M. Moreover, it appears that net pay in the well exceeds 30 metres. This discovery proves highly encouraging to the prospectivity of much of the 20.25 contiguous sections (Blocks A to H) in that most of the Blocks A to H sections are structurally updip of the 09-26-75-21W5M well. Oil production from these wells extends the Company's Montney oil pool to the South-West and North-West. At current spacing of four horizontal Montney oil wells per section, it is possible with continued success to drill a minimum of 80 wells on the Company's core area 20.25 contiguous sections (Blocks A to H). Further down spacing to eight wells per section completed in the offsetting section 01-76-21W5M acreage suggests that the Company may be able to drill additional infill locations in order to effectively recover a greater percentage of the oil-in-place.

Colin Soares, the Company's President and Chief Executive Officer stated: "Progress to date on High North's Girouxville-Maclean property has been very encouraging and the Company looks forward to achieving optimized production rates in addition to increasing production through the near-term addition of another four wells. With each well, we are learning more about the Montney zone drilling and completion complexities, and are improving on our techniques and capital efficiencies. The Company's step-out drills together with competitor offset drills are helping High North de-risk the play and we continue to define and determine the significance of what resides on the 20.25 contiguous sections (Blocks A to H) that High North has earned to-date."

Future Drilling

For the remainder of 2014, the Company intends to drill four additional wells to further de-risk the Company's core area 20.25 contiguous sections (Blocks A to H). The Company expects to spud the first well in early September 2014.

Reserves

The Company intends to update its reserve report in September, 2014 through its third-party evaluator, GLJ Petroleum Consultants and has initiated a geological assessment on the recently drilled 08-21-76-21W5M.

Surface Equipment

The Company is constructing a multi-well battery with larger capacity surface equipment to allow for production optimization from the 16-02, 09-02 and 08-02-76-21W5M. Larger surface equipment has also been ordered for 08-21-76-21W5M and 09-26-75-21W5M so that the Company will be able to optimize production from these wells upon start-up. While artificial lift has been installed on the three current producing wells, 09-02-76-21W5M and 16-02-76-21W5M continue to free flow oil with wellhead pressures of over 870 pounds per square inch. Both 08-02-76-21W5M and 08-21-76-21W5M are exhibiting similar wellhead pressures while shut-in. The Company anticipates that the installation of the multi-well battery in section 02-76-21W5M will be able to produce and deliver clean oil to market resulting in a reduction of costs and a stabilized field netback of approximately $50.00 per barrel (or a 19% increase).

Gas and NGLs Conservation

The Company has initiated discussions with third parties to construct gas and NGLs conservation facilities and initially include a modular 10 million cubic feet per day gas plant, sales gas pipeline and an oil battery with water disposal facilities. There are varying construction scenarios being contemplated.

Bank Line of Credit

The Company is in advanced discussions to obtain a line of credit from a reserve-based lender which the Company anticipates will be finalized shortly.


http://www.wallstreet-online.de/nachricht/6881962-high-north…


Also alles "on track". Mir gefällt vor allem die Kreditlinie, weil so eine gewisse Hoffnung besteht, dass zunächst keine weitere Kapitalerhöhung nötig ist. Solle High North die Produktion wie geplant ausweiten können, dürfte die Bewertung schon bald Richtung 40 Mio. CAD (akt. 25 Mio. CAD) laufen.

M@trix

[M@trix]

Dear Alphastox Subscribers,

I would like to give everyone a brief update on High North Resources. If you don’t remember, HN.V has been a big winner for many Alphastox subscribers since we first featured the story at $0.35. Since then, the stock has hit a high of $0.74 giving investors over a 110% return!

The company just announced a corporate and operational progress report yesterday morning which I encourage everyone to take a look here. Here is a short summary of the report:

First off, since beginning production in January, the company has produced over 40,700 barrels of Montney oil in total from its five 100% working interest wells. To continue to increase production, larger sized equipment is currently being installed on the Girouxville-Maclean property and will be completed by mid-August. This is great news for High North as it will enable the company to achieve its pay back on its wells to a year or a year and a half. The average cost to-date of drilling and completing a well is about $2.5M.

The Company has de-risked their 20.25 contiguous sections by drilling two Montney horizontal wells which extends the company’s Montney oil pool to the SW and NW of the property. If all goes as planned, the company hopes to drill a minimum of 80 wells on High North’s core area. However, just looking at the remainder of 2014, the Company intends to drill an additional four wells to further de-risk its core area, with the first well planned for September 2014.

The plans for High North look very promising: their current successes will surely help grow the company organically as they continue to increase production, expand and drill more wells. With GMP and others looking to support and fund the company as they move forward, the company is well positioned to potentially return subscribers even more money in the next 6-12 months. I will make sure to keep you updated on the progress of the four additional wells planned. If you have any questions, please don’t hesitate to contact me anytime. I look forward to hearing from you.

[M@trix]

So weit zur Hoffnung, dass erst mal keine weitere Finanzierung kommt...

http://www.wallstreet-online.de/nachricht/6889008-high-north…

ABER: KEINE Warrants und neue Aktien zum Teil über dem aktuellen Kurs sowie neue Investoren aus den USA! Das sind m.E gute Nachrichten, sofern sie den Deal so realisieren können.

M@trix

[M@trix]

High North mit Produktionszahlen und dem sechsten "Treffer":

"High North announces that its restricted production has stabilized and averaged approximately 300 barrels of oil per day ("bbls/d"), or approximately 500 barrels of oil equivalent per day ("boe/d") from the five horizontal wells drilled to-date on its 100 percent owned twenty contiguous sections in the Girouxville-McLean property."

"The Company is encouraged to announce initial drilling results for the vertical portion of the sixth Montney horizontal well, located at 8-9-76-21W5M. This is the Company's sixth well with 100% success rate. Management believes the initial drilling results in the 1-8-76-21W5M vertical portion indicate the presence of Montney oil similar to that indicated at the 9-3-76-21W5M vertical from which the three section 2-76-21W5M Montney oil horizontal producers were drilled. As stated in the Company's press release dated October 28, 2014, the Company expects the drilling of the sixth Montney well to extend to the Montney oil pool boundary and increase its inventory of horizontal drills required to maximize efficient recovery."

http://www.wallstreet-online.de/nachricht/7182826-high-north…

Der Kurs ist durch den Absturz des Ölpreises ebenfalls unter die Räder gekommen. Diese News sprechen jedoch für sich. Ich denke, dass die Aktie auf diesem Niveau ein Tief ausbilden und bei weiteren Erfolgsnachrichten wieder gen Norden laufen wird.

M@trix