Yes more than a few. Great memory Fred
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Yes more than a few. Great memory Fred
"lengthing of Tui-2H production well horizontal section which intersected a more extensive oil column than predicted"
wonder if Tui Oil reserves may soon to be increasing??
[8D]
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Shrewd Crude ,as tui-h3 was neutral we so far have only a smaller increase to look forward to. Amokura and Pateke will be where the final call will come from ,and we should remember an increase there is less likely that at TUI for reason i have stated several times before. You should note that i do not hope any of that but think it best to go into it conservativly. The offical line is do not count your chickens before we know the size of the basket.
cheers for reply digger...
Im just looking at possible situations that can spur SP b4 production...
I will have to go back through the thread and have a peak...
less than 100 days to production...
happy to be back on board...
lata...
[8D]
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There is a very interesting article from Oil & Gas Weekly posted on HC.
Yeah JC is very confident of PPP with potential to go well over $1 ASX on hector success
Sounds good to me after doubling my PPP holding at 15.5c
cheers Kent,
good to see my norwest getting a small note...
that article mentions something I have been seriously thinking about, which is to sell my holdings (nzood) just prior to the big hector announcement...
they put it at 10-20% success chance...
with the massive amounts of upside, im thinking of holding all the way on this one... $1 PPP... has gotta put NZO around 2, 2-fifty...
$1 ppp can seriously be misleading I add...
$1 is a figure which will still take many years to achieve as we would be looking at 3 years bare minimum until first production...
when it was one year from first tui production, the project was seriously discounted...realised valuations have only just flowed through...
[8D]
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Not necessarily. I remember when Santos discovered Jeruk, and it was first thought to be a giant find, Cue shot up from 7 cents to 42 cents purely based on this discovery, within a very short time.Quote:
quote:Originally posted by Shrewd Crude
$1 ppp can seriously be misleading I add...
$1 is a figure which will still take many years to achieve as we would be looking at 3 years bare minimum until first production...
So I think it's not entirely impossible to see a dollar in case of a Hector success.[8D]
Kent...
I remember the CUE situation quite clearly... Ive followed Cue for longer than any other share...
cue was the reason why I got onto oil shares, and in particular penny ones...:D...
Around the same time as the Jeruk announcement, Cue announced development go ahead at Oyong, and increased reserves there, and shortly after they bought a stake in Maari...(on the cheap)... It was a double whammy on the SP with Oyong...
the 42cents alone didnot fare up the real value of Jeruk to Cue (at the time)... Santos interpretted that Jeruk contained 750million barrels (as you said, giant field).... another company interpretted that it was a one billion barrel field plus.... analysts expected this to add $1 to Santos SP....
for Cue's 13.5% stake of this monster field hardly values in the real value for a jump from 7 to 42cents alone even if we ignore the double whammy....
Full valuation at the time would have had Cue well over $1.5....at a guess
(with net oil to CUE expected 70-100million barrel)...
recently Santos interpretted the field to only contain 50million barrels...
on massive downgrade of resource...Cue's suffered ever since...
a stock that im looking at a re-entry for Maari production...
as re-rating will unfold there also...
[8D]
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ive also said this before,
with all the hype around NZO many years back...
SP went crazy, and projects were fully valued at the time, markets had seemed to value NZO's projects as if they were at production date, but yet they were still years out...
hence the situation of sideways SP for the last umpteen years...
currently an undervalued stock with tui re-rating expected before or on tui production...
IMO, im expecting something similar to a possible Hector discovery where a 3 year development at Hector would initially rise on oil strike... but still remain undervalued for most of the time through development stage...
then a re-rating... then production with another re-rating...
to value projects at full value at oil strike, with no tie in , is murderous....
PPP $1 at Hector oil strike would put it at $1.5 at production in my books...
[8D]
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