BOW - Bow Energy

[surfingman]

I'm just a small time investor rather than a trader but I like to follow the forum to get information & ideas! I tried to get 10,000 of these at 9 cents but only managed to get 4,303 - IOW not many people wanted to sell.

I was also toying with the idea of buying 100,000 options when they were only 2 cents - unfortunately I did nothing. Could have made a nice profit selling that many yesterday

I watched 2.5 cent options roll past and then 4.7cents and brought at 5 cents. I am more than happy with the price I have brought into the options and heads (.16), Brought the options originally to exercise in March...

I see a little BOW getting ready to fire in the next 8 months, we are just entering the bottom of the growth curve in my opinion with all the events coming up... Check some of the size of the oil prospects for the farm outs which they are aiming to gain or already have for free carry.

Central Eromanga in particular a 84mil barrel target and the management seems very hopeful this will be farmed out by the year with a number of interested parties looking at present...

But I could be wrong Do Your Own Research Also to be sure....

 

[Barrw]

good work to the surfingman saw your post on bow a few weeks ago and had a look into them, liked what i saw.
i've also been a long term holder of arrow so seeing the likeness i decided to invest in bow too
so thanks for the heads up!!!
lets hope we see more of the same action to come

 

[surfingman]

Announcement today:
Taringa South-1, has been completed for production testing with pumping equipment to be installed later this week.

A test over the open hole section of the well flowed methane gas to surface at a stabilised rate of 370,000 cfd with 57 psi flowing pressure using a ½” orifice. Post gas flow testing water rate was estimated at 407 barrels per day. Wireline logs indicated the well intersected a total of 17 metres of coal with 11 metres of coal interpreted within the open hole section below the surface casing at 78 metres to total depth of 188 metres.

The drill crew is scheduled to take a break and will return late next week to commence the second CSG exploration well, Orallo North-1, located 19km south of Taringa South-1, which has a prognosed total depth of 420 metres.

Maybe a little longer than 11 days to next results considering the next depth is 420 metres and crew are having 2 weeks rest, but I like the look of the pictures below and the Market is showing some good support in comparison to previous weeks, record volume set this week so far breaking 8 million and a new high set for share price...

 

[surfingman]

Still got momentum from the positive CSG results @ Walloon, finished in 0.33 today with some solid volume.

Will be great to see what the next CSG results bring all smiles at the moment.

 

[jollyfrog]

Is anyone following BOW? Reading on that "other site" its sneaking up ........ slowly, maybee something in the pipline?
Whats the gos? Apart from the 370,000 cubic foot a day gas discovery that was mentioned the other day.

 

[surfingman]

Is anyone following BOW?, maybee something in the pipline?

Yeah im a keen follower, It's probably gas in the pipeline, haha jokes.... Really it could be a few things (check my earlier posts) but because VPE is also moving, i am thinking its the Walloon CSG field that is having pilots drilled aimed for possible production as early as next year, field is very close to infrastructure so should be fairly low CAPEX to get income flowing.

Whats the gos? Apart from the 370,000 cubic foot a day gas discovery that was mentioned the other day.

There will be free carried drills with Santos early next year, another farmout looking to be finalised by the end of the year for Central Eromanga area and other CSG projects are being reviewed...

CSG and the close link to Arrow is helping the upward direction I believe...

 

[rogue_investor]

Missed round 1 on this one but I'm in again at .35 and then .30 today. Have bought and sold AOE in a similar way over the last 4 years starting at .38c and look where they are now. Drilling started on the second site today with expected promising results before Christmas. A recent resource estimate also puts them about $6 on current shares on issue. CSG looks to be a winner. Also buying SXP trading lower on small volumes.

 

[surfingman]

Just got back from a holiday today from Tasmania, what a top spot...

The resource estimate is great news, will be interesting to see how many drills are successful, I brought mainly for the solid CSG project which has low risk, with the view of the other oil drills a large bonus for us with higher levels of risk.

rogue_investor good to see another person onto BOW...

 

[prawn_86]

Missed round 1 on this one but I'm in again at .35 and then .30 today. Have bought and sold AOE in a similar way over the last 4 years starting at .38c and look where they are now. Drilling started on the second site today with expected promising results before Christmas. A recent resource estimate also puts them about $6 on current shares on issue. CSG looks to be a winner. Also buying SXP trading lower on small volumes.

RI,

Can you please say what resource estimate it was which values them at that price?

thanks

 

[surfingman]

RI,

Can you please say what resource estimate it was which values them at that price?

thanks

Prawn I posted it above, its from Click Here second or third last slide I think, its based upon successful drills.

 

[bassmanpete]

A recent resource estimate also puts them about $6 on current shares on issue.

I'll be VERY happy if it only gets to half that price, delirious if it goes all the way! Any thoughts on what price Arrow's likely to get to when Asia starts producing?

 

[surfingman]

An excellent presentation on BOW well worth a watch....

http://www.investortv.com/company/BOW_27-11-2007-1452.html

 

[rogue_investor]

Surfer, really glad you pointed them out. I've had the free shares and options from AOE sitting there for some time but have not followed them. That is a great presentation from a management team who know what they are doing.

Question on the current Well:

Orallo North‐1 is located approximately 19 kilometres south west of Taringa South‐1, which flowed gas at 370,000 cfd, and 25 kilometres west of Sunshine Gas Lacerta CSG gas field. With a prognosed total depth of 420 metres, the well has been designed to determine coal thickness, estimate gas contents and assess dewatering capability of the coals in the Orallo North area. The well is not expected to flow free gas.

If it is not expected to flow gas what is the purpose? The previous well wasn't expected to flow as it did so I wonder if we'll see an unexpected positive outcome again?

 

[surfingman]

Surfer, really glad you pointed them out. I've had the free shares and options from AOE sitting there for some time but have not followed them. That is a great presentation from a management team who know what they are doing.

Question on the current Well:

Orallo North‐1 is located approximately 19 kilometres south west of Taringa South‐1, which flowed gas at 370,000 cfd, and 25 kilometres west of Sunshine Gas Lacerta CSG gas field. With a prognosed total depth of 420 metres, the well has been designed to determine coal thickness, estimate gas contents and assess dewatering capability of the coals in the Orallo North area. The well is not expected to flow free gas.

If it is not expected to flow gas what is the purpose? The previous well wasn't expected to flow as it did so I wonder if we'll see an unexpected positive outcome again?

Hey Rogue,

Glad you are following them also, Ive been very impressed with management to say the least, they do a fantastic job keeping the market informed.

In answer to your question:
If it is not expected to flow gas what is the purpose?
Coal seam gas (CSG) is usually methane in composition and is typically attached to the coal along its natural fractures and cleats. This gas is released when pressure on the coal seam is reduced, usually after water is removed from the seam.

Information taken from Click Here

 

[surfingman]

Todays announcement is encouraging: :

Don Juan CSG Joint Venture engages Reserves Certifiers
The directors of Bow Energy Limited (Bow) are pleased to advise that the Don Juan CSG (Coal Seam Gas) Joint Venture (Bow 45% and operator) has engaged MHA Petroleum Consultants in Denver (MHA) as advisers and reserves certifiers.

The Joint venture will work closely with MHA to determine the optimum and most cost effective testing, data collection and evaluation program for the Don Juan CSG Joint venture to be carried out in 2008 with the goal of obtaining maximum commercial gas reserves certification by the end of 2008.

No messing around with certification on Don Juan, coming together nicely....

 

[surfingman]

Good news for BOW approx 1800 barrels of water a day from from Orallo North 1, hence there is plenty of gas pressure under that 26.5 metres of coal

 

[iamtrueblue]

Been following this share for a bit now. Watching carefully. Nice posting surfingman. Can't understand why the share has been gradually falling since Nov 20 given the positive announcements. Any care to put some opinions forward on this and possibly where it will retrace to.

 

[surfingman]

Share Purchase Plan announced today:

Up to $8mil @ .25 each
$5million for sophisticated investors

2 directors are wanting to subscribe for $1mil between them which is very positive in my opinion.

Although this is diluting I feel its a positive step with large support by management, will be holding through to at least gas certification (dec 08) but wont be going for SPP as I feel the remaining $3mil for shareholders will be heavily oversubscribed but only time will tell...

Cash will be used for gas certification and single well oil play in January / February on Don Juan area.

 

[rogue_investor]

Although this is diluting I feel its a positive step with large support by management, will be holding through to at least gas certification (dec 08) but wont be going for SPP as I feel the remaining $3mil for shareholders will be heavily oversubscribed but only time will tell...

I'm by no means sophisticated but I hope they give me the full 5K subscription

I see this as a good move as well. Slightly peaved it is likely to bring down the share price further in the short term but it looks to be a good year for BOW in 2008 so will take the short term hit for the longer term gain.

 

[surfingman]

I'm by no means sophisticated but I hope they give me the full 5K subscription

I see this as a good move as well. Slightly peaved it is likely to bring down the share price further in the short term but it looks to be a good year for BOW in 2008 so will take the short term hit for the longer term gain.

How are you going to apply? I am guessing they will put a form online sometime soon, Do you think it may be possible to go to their office 8:30am on the 17th and be the "first come, first served"?

As I have Monday off and I'm strongly considering the plan now after todays performance, but will be expecting a drop in share price tomorrow...