Rohstoff-Explorer: Research oder Neuvorstellung (Seite 2546)

[stupidgame]

Guten Morgen!

Gulf Keystone Petroleum Ltd.REGISTERED SHARES DL -,01 (A0B72B)(UK:GKP)
Significant Oil Discovery in the Kurdistan Region of Iraq

Shaikan-1, Shaikan Block
...Preliminary test rates indicate 5,000 to 8,000 barrels...
GKP is currently using 300 to 500 million barrels of oil in place as a preliminary estimate for the tested interval.
http://moneyextra.uk-wire.com/cgi-bin/articles/2009080607001…

MK aktuell ~78mEUR

Gruß
s.

[apollo2000]

Key Messages

[apollo2000]

Ithaca Energy.

New website.

http://www.ithacaenergy.com/

Presentation.

http://www.ithacaenergy.com/uploads/IthacaCorporatePresentationJuly2009(1).pdf

Best Regards

[shareholder4]

Antwort auf Beitrag Nr.: 37.684.158 von stupidgame am 31.07.09 09:36:20

macht alles Sinn, im Endeffekt muss der Goldpreis einfach die 1000 nehmen um das heiße Geld in den Goldsektor fließen zu lassen und da sind riskantere Werte wohl als kleine Beimischung wohl auch eine Überlegung wert. ich beobachte mal noch ein bisschen. ich habe mir vor kurzem harmony gold gekauft, keine schulden, 200 MIO $ auf der Bank und genug Reserven, die bei höheren Goldpreisen in Resourcen umgewandelt werden können, knapp 300 Mio Unzen.

[TomCole]

Zu CuDECO Limited (ASX: CDU):

Mine over matter for Wayne McCrae's secret resource
Tony Grant-Taylor
August 03, 2009 12:00am
S. http://www.news.com.au/couriermail/story/0,23739,25871484-31….

Auszüge:


TALKING FIGURES: 'For 20-25 per cent of the project I'd probably want $150 million. That would pay for the plant and we'd get cash flow' says Wayne McCrae. Picture: Tim Marsden

CONTROVERSIAL Cloncurry copper hopeful Cudeco, led by executive chairman Wayne McCrae, reckons it could be mining the red metal by the first half of 2011.

That's provided it doesn't get taken over, of course.
...



ASX Announcement,
CuDECO Limited (ASX: CDU),
29 Jul 2009, 9:55 am,
CuDeco Quarterly Reports,
s. http://stocknessmonster.com/news-item?S=CDU&E=ASX&N=454410.



Von der CuDECO-Website (http://www.cudeco.com.au/),
ROCKLANDS GROUP PRESENTATIONS (http://www.cudeco.com.au/presentations.asp):
]http://www.youtube.com/watch?v=zq6wnt3yP6Y&eurl=http%3A%2F%… “Cudeco Ltd. Las Minerale Presentation, as seen at the 2007 AGM on Nov 29th 2007”,
s. http://www.youtube.com/watch?v=zq6wnt3yP6Y&eurl=http%3A%2F%2….

[stupidgame]

Antwort auf Beitrag Nr.: 37.683.823 von shareholder4 am 31.07.09 08:59:28

Nochmal zu den Schulden.
Sind ja vor allem konkret die beiden Convertible Bonds. Man muss davon ausgehen, dass schon wahrscheinlich nicht der volle Betrag getilgt werden kann.
Das würde einiges an Verwässerung bedeuten, wenn in Aktien gewandelt wird. Aber, die Frage ist, wie weit das hier schon eingepreist ist.
Wenn die Operations normal und profitabel laufen würden, dann könnten die von der Bewertung her durchaus um 70-80% verwässern, ohne das der Kurs dadurch fallen müsste.
Der Halbjahres-Cashflow war über 40m. Wir haben noch 2 1/2 Jahre, bis der erste Bond fällig wird. Das ist so gesehen noch nicht im kritischen Bereich.
Allerdings, wie gesagt, die Operations müssen weiter durchgehend profitabel sein. Sonst gibt`s ein Problem.

s.

[stupidgame]

Antwort auf Beitrag Nr.: 37.683.823 von shareholder4 am 31.07.09 08:59:28

wie siehst du die schuldenproblematik bei oceana?
ist ja schon eine menge.


Hallo shareholder4!

Die Schulden sind nicht zu problematisch. Da gibt es ganz andere Kandidaten.
Ich habe ja mit Tommy diesen Wert schonmal auseinandergenommen.
Die kritischen Punkte sind die Struktur der Minen und das Hedgebook.
Beides kann dazu führen, dass die Erträge auf mittlere Sicht fallen.
Hier muss man genauer in die Zahlen gehen. Negativ ist z.B., dass sich der Operating Profit gegen Q1 halbiert hat.
Insgesamt habe ich aber mit schlechteren Zahlen gerechnet. Man muss aber die weitere Entwicklung genau beobachten, und am WE mit etwas mehr Zeit den Bericht nochmal en Detail durchgehen.
In Sydney war heute früh keine Euphorie. Ich denke aber auch, hier sind noch Stücke aus den Placement in den Markt gedrückt worden.
Im Verhältnis zur Fördermenge ist die Firma billig. Allerdings wäre das nicht der Fall, wenn wir jetzt permanent schrumpfende Erträge sehen würden...

Gruß
s.

[apollo2000]

k




IAE comments in the UK....seem very bullish...
July 30, 2009

Ithaca Energy Says Jacky Field Performance Continues to Exceed Expectations And The Company Is Debt Free After Completion of Second Dyas Transaction

A week is long time in politics, the British Prime Minister the late Harold Wilson once famously said. Conversely in the oil and gas industry, given the time it can take to bring assets to fruition, a year can be a short time. If you look at Ithaca Energy, and which has just made two key announcements concerning funding and production you could say: “What a difference a year can make”.
The Toronto Venture Exchange and London AIM listed group is focused largely on the UK North Sea and has assembled interests ranging from 20 per cent to 100 per cent in 30 blocks or parts blocks under 16 licences covering 514,000 acres across the gamut of near production, appraisal, development and exploration prospects.

The North Sea seemed to be attractive again in the late nineteen nineties and early two thousands as the oil price began its dizzying rise to a summit US $147 a barrel in July 2008. No really substantial discovery has been made in the North Sea since Buzzard in 2002, nevertheless, there are plenty of development opportunities.

Ithaca was interested in green field exploration but decided early in 2008 that it would be prudent when oil prices were so high to go for a revisit of a known discovery to achieve some production and cash flow.

The Athena field in the outer Moray Firth was discovered some 15 years ago. Two wells 14/18-12 and 14/18-7 flowed at 1,250 and 850 bpd respectively indicating proven reserves of 22 million barrels of oil. In the climate of the times with the oil price seemingly in free fall, these were not considered commercial amounts.

Ithaca undertook two drill stem tests of the original discovery in the first half of 2008. The 14/18b-15 tested oil from the Upper Leek Sand stone at up to 1,330 bpd. Ithaca’s second well, the #16 was directionally drilled from the same drill centre as the #15 well and the Upper Leek was intersected at a distance of 2,500 feet northeast of the bottom hole location of the #15. Like the #15 well the # 16 tested at rates of approximately 1,330 bpd. Ithaca then decided to drill a further well better to appraise the prospect. By July 2008 oilbarrel.com was able to report the 14/18b-18 tested 28 degree API sweet oil at a stable rate of 2,330 bpd. It was thought that using Electrical Submersdible Pumps (ESPS) each well could produce 5000 bpd.

Further development and appraisals wells were planned. There probably would be no production until late 2009 but Ithaca at least had first output in its sights. But then, of course, July 2008 was when the oil price peaked and started to collapse. Costs, particularly rig costs, which had risen four fold by mid 2008 over a five year period, took longer to decline. The North Sea was an expensive environment and Ithaca, like many other operators in this hydrocarbon province began to find itself strapped for cash. First oil from Athena by Christmas 2009 began to seem a long way off.

Ithaca got round the problem by what now seems a smart asset swop. Late in 2009 it agreed to enter a sale and purchase agreement with Dyas UK to sell up to 25.5 per cent of its portfolio for US$40million and entered into a loan agreement for US$61 million for a two year facility, replacing completely the fully drawn Royal Bank of Scotland US$60 million predevelopment facility. Dyas with production (at that time) of 24,000 barrels of oil equivalent a day, is a wholly owned subsidiary of SHV, the largest private conglomerate in the Netherlands.

The assets to be sold included 25.2 per cent in the lease and use of the 100 per cent Talisman owned Beatrice field. Beatrice is an oilfield in the Inner Moray Firth which Ithaca leased from Talisman. There was some small production from Beatrice Alpha and Beatrice Bravo. There was to be a 22.7 per cent sale of the Jacky discovery (Ithaca 90 per cent). Jacky sits in block 12/21c right at the top of Beatrice was being developed for first production in 2009 with a production and export facility through Beatrice.

A 17.7 per cent interest in the Athena field was to be passed on. A 16.8 per cent interest in the Stella gas condensate discovery was to go over. Stella ( 66.67 per cent ) was scheduled to be appraised in 2009 with first gas in 2010.

These deals having been done and Jacky duly having come on stream Ithaca was able to report in May 2009 that Jacky started production on April 6, 2009, having started commenced flowing without artifical lift at gross rates of approximately 8,800 barrels of oil per day ( bopd) ( 5,920 bopd net to Ithaca). On May 20 2009 the downhole pumps were witched on an the Jacky field rates stabilised at approximately10,000 bopd (6,728 bopd net to Ithaca). Combined production (Jacky and Beatrice Alpha and Bravo facilities) was that time running at around 11,500 bopd (7,850 bopd net to Ithaca).

Now Ithaca has announced (July 22) that Jacky is exceeding expectations. Since Apriol when output started optimisation of pump has resulted in [progressive production rate improvement and daily rates are currently in excess of 11,000 bopd (7,400 bopd net to Ithaca).

Shortly after this (July 29) Ithaca made another announcement saying that on June 29 2009 the company issued a press release announcing early conversion of an existing loan in exchange for cash and interest in the company’s properties and there was a second deal with Dyas in train. This second deal would mean Ithaca’s interest in Jacky would drop from 67.7 per cent to 47.5 per cent and Beatrice from 74.75 per cent to 50 per cent respectively.

The July 29 release said that Ithaca and Dyas had completed the second transaction Finalising this deal leaves Ithaca debt free and in receipt a further cash payment of approximately US$ 40.6 million, of which US$32.2 million has been paid and a further US$8.4 million will be paid on final completion in August (Stella discovery). The cash payment has increased from the number previously announced due to further value adjustments.

So in the space of a year Ithaca has turned itself around, got into production and staved off the worst effects the credit crunch by becoming comfortably funded. A clearly delighted CEO Ian McKendrick said: “Rapid completion of this second transaction (with Dyas), which brings significant resources into the company, combined with excellent performances at Jacky, secures the financial strength of Ithaca. The company is now well positioned to develop its existing portfolio as well as embark upon new opportunities for growth.”

Now, Jacky looks likely to deplete fairly quickly. But there is Athena to look forward to. This could be around 20,000 bpd. Then there is Stella which could bring in around 15,000 boepd a day. We are talking about output ramping up to around at least 20,000 boepd and staying there until around 2014. Beyond that, there are exploration prospects like Carna and Hypnos to refill the tanks. And, unlike some North Sea explorers Ithaca now seems to have the financial wherewithal seize any new opportunities.

[shareholder4]

Antwort auf Beitrag Nr.: 37.677.378 von stupidgame am 30.07.09 13:16:17

hallo stupidgame,

wie siehst du die schuldenproblematik bei oceana?
ist ja schon eine menge.

grüße

[stupidgame]

Antwort auf Beitrag Nr.: 37.677.378 von stupidgame am 30.07.09 13:16:17

In Toronto aktuell mit 1,11 getaxt. Hat zwar noch nicht so viel zu sagen, ist auch nur mit Vol. 5000 St., sieht aber trotzdem gut aus.

s.