Long View Resources - Massiv unterbeweteter Öl- und Gasplay - 500 Beiträge pro Seite

[Maigret]

Kürzel an der TSX-V LRC
in Deutschland bis dato nicht handelbar

akt. Kurs 0,35 CAD
Shares Outstanding 38,8 Mio - Marketcap 13,6 Mio CAD
Fully Dilluted 41,1 Mio - Marketcap dilluted 13,4 Mio CAD

Produktion Jan-März 2006 - 311 boepd
geplante durchsch. Produktion 2006 lt. Studie QIS - 450 boepd (tw. bereits schon in Q1 erreicht !)
Exit-Target Ende 2006 lt. QIS - 750 boepd

Target Cash-Flow lt. QIS $0.15 per Share in 2006 und $0,24 in 2007 (im 1. Quartal ohne non-cash items bereits $0.02, Net Income aftertaxes 0,3 Mio CAD)

Reseven proven+probable 1,7 mboe (davon zu 95% Öl!)
abdiskontiert mit 10% = NAV $0.78 per Share vor Steuern oder $0.48 per Share nach Steuen

Darüber hinaus Schuldenfrei und jede Menge Phantasie durch ein 27,000 acres exploration permit in West-Saskatchewan mit 2 anderen Companys. Erste 2D Untersuchungen im März waren vielversprechend, im Herbst soll es weitergehen.

Nach der Aquise von Wedona Energy und der Explorations-Erlaubnis in West-Sask. ging der Kurs bis $0,80 durch die Decke, kam danach in eine Range $0,50 und $0,60 zurück und fiel seitdem nochmal im Juni auf $ 0,35 (imho aufgrund Verfalldatum von 2,2 Mio Warrants Ende Mai).

Ein Director hat sich noch zu Kursen um $0.50 dick eingedeckt

May 09/06 May 02/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 30,000 $0.510
May 09/06 Apr 28/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 10,000 $0.500
May 09/06 Apr 25/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 5,000 $0.490
Jan 25/06 Jan 19/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 87,500 $0.510
Jan 19/06 Jan 18/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 14,000 $0.480
Jan 19/06 Jan 17/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 17,500 $0.490
Jan 19/06 Jan 13/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 5,000 $0.490
Jan 19/06 Jan 11/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 5,000 $0.460
Jan 19/06 Jan 11/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 20,000 $0.470
Jan 19/06 Jan 10/06 Lorch, Wayne 10 - Acquisition in the public market Common Shares 20,000 $0.480

Die Homepage gibt wenig her. Infos gibt es unter Sedar oder die QIS-Studie unter dem Reiter Research auf der Homepage.

Fazit:
Nach unten fundamental gut abgesichert durch die Reserven.
Der steigende Ölpreis dürfte sich in den Figures positiv niederschlagen.
Phantasie durch weitere Exploration.
Wachstum durch eigenen Cash-Flow und nicht durch weitere Dillution.

Wenn die boepd-Ziele der QIS Studie erreicht werden, dürften wir dieses Jahr wieder Kurse um $0.60 CAD sehen.

Cheers
Maigret

[Maigret]

Kopie aus einem Artikel der Leader-Post, Quelle Stockhouse.

Bruce Johnstone, The Leader-Post
Published: Tuesday, May 30, 2006

Despite spring road bans, a shortage of drilling rigs and some production problems, Long View Resources Corp. is continuing to build on its Saskatchewan assets.

The junior oil and gas company, based in Emerald Park east of Regina, has seen its average production increase nearly four-fold to 311 barrels of oil equivalent per day from 82 BOED in the first quarter of 2005.

The company, formed from the merger of two related companies, Long View and Wedona Energy, in September 2005, also saw its first-quarter net income more than double to $306,000 from $148,000 in the first quarter of 2005.

And Long View, which held its annual meeting via teleconference call Monday, is coming off a year (2005) in which revenues increased nearly 250 per cent, daily average production increased 200 per cent and proven and probable reserves increased by close to 300 per cent.

For Kevin Patterson, president and CEO, the company has come a long way since 2002 when he and company chairman and chief operating officer John Styles formed the companies that later became Long View.

"We started with 12 barrels a day,'' Patterson said. "We've had some bumps on the road, as does everybody, but we've accomplished a fair bit.''

Those "bumps" include production hiccups with its horizontal well at Ingoldsby in the extreme southeast, near Gainsborough. While initial production ranged from 170 to 240 barrels per day in April, production after spring breakup was disrupted by a "highly viscous emulsion.''

"We kind of got surprised there. We knew we had an outstanding reservoir because of the core analysis. It's a type of reservoir that you come across once in a lifetime,'' Patterson said.

"We had an emulsion problem, which we've got cleaned up. Now we're back producing, but the reservoir pressure isn't as strong as we thought.''

Patterson hopes that reinjection of produced water back into the Frobisher formation will increase reservoir pressure and see production rates increase.

Another problem is finding drilling rigs. Long View would like to drill as many as a dozen wells this year, but will be lucky to drill half that many.

"The wild card is rig availability,'' Patterson said, adding that Long View "isn't alone'' in having difficulty getting drilling rigs due to high oil prices and the overheated Western Canadian oilpatch.

Still, Patterson is optimistic Long View will be able to drill five or six wells, mainly in the southeast, but also one or two at its Saulteaux property in western Saskatchewan.

The 27,000 acres on the Saulteaux First Nation is a prospective for natural gas and heavy oil, which Long View hopes to discover with exploratory drilling and seismic work.

Patterson said the company plans to continue production at Ingoldsby, proceed with development at Cecil, Alta., as well as Heward and Workman in the southeast and plans to jointly develop the deeper Bakken formation at Viewfield in the southeast.

One junior company analyst who likes Long View's upside potential is Doren Quinton of QIS Capital Corp. of Kamloops, B.C

"I can't find any other (companies) comparable to it in the marketplace,'' Quinton said. "Once they tie-in their two wells in the Ingoldsby area, they'll be trading at three times cash flow, with no debt. Very few companies have no debt right now.''

Quinton said the company could increase production by another 50 per cent in 2006, which means the stock would be trading at two times cash flow, "which is unheard of.''

Based on average daily production of 600 BOED, Long View could generate cash flow of $7 million or 20 cents a share in 2006, Quinton said.

"It's a 100-per-cent oil producer, and we've got record oil prices. They're also trading at a severe discount to their net asset value.''

Long View stock is undervalued because of its modest cash flow, its Saskatchewan head office and low production. "Nobody's heard of them, hardly any investors know them and no institutions know them. Once they get recognized, they should be rewarded with a lot better multiple.''

[Maigret]

Marketcap dilluted sind natürlich 14,4 Mio CAD.
It'S been a hard days night....