BOW - Bow Energy

[rogue_investor]

The market have reacted well to the capital raising. Again a good management team not being too greedy making the firm very marketable.

I've not received anything thing in the post but would hope to do so in the next day or two. If the sp holds at this level then subsribing obviously makes sense.

 

[surfingman]

The market have reacted well to the capital raising. Again a good management team not being too greedy making the firm very marketable.

I've not received anything thing in the post but would hope to do so in the next day or two. If the sp holds at this level then subscribing obviously makes sense.

I just gave BOW a call about SPP and the forms will be mailed out tomorrow, so we should have them by Monday or Tuesday. The Share Price is still looking good with only an average volume changing hands.

I really like the relatively small amount of shares on issue even after the placement, plus the options will expire in march giving around another 3mil to keep the bow's projects progressing.

 

[rogue_investor]

I just gave BOW a call about SPP and the forms will be mailed out tomorrow, so we should have them by Monday or Tuesday.

Thanks for the info Surfer. Will get this one away as early as possible as they are bound to be oversubscribed with such a small amount on offer. It is good to see they aren't diluting the price too heavily.

 

[surfingman]

I am now completely out of BOW and BOWO as of Friday, looking for another entry point once the market settles down and this has to be before mid Jan for upcoming drilling.

Held up pretty well today considering the market overall.

SPP arrived today...

 

[rogue_investor]

Disappointed in you Surfingman although not a bad trading move as you're still in for the SPP. I'm down on the stock at the moment but I'm not bothered trading this one as I think it will do well next year. I bought AOE some time back at .28c and recently sold a large bundle at $3. I'm putting this one in the same ball park and intend to cash in along the way.

 

[Icharus]

Roma district has been receiving some good rains in the last week this will probably delay the spudding of carnavon-1 especially this close to Christmas. Hopefully this means that they will start earlier in the new year.

Will be interesting to see what level of coals and water flows they get from carnavon-1. I was like you rogue trader and have bought and kept until recently QGC and AOE shares. Bought QGC on their float and accumulated them over a period of 7 years. I even bought SHG at 40 cents but didn't stick with it because they will not show any data about coal thicknesses, desorption, water rates ect. This well will give us some idea about what the Lacerta field is also finding.

BOW is still under the radar for a lot of brokers. It doesn't rate a mention in Wilson HTM's CBM explorer/producers investor book.

cheers Icharus

 

[surfingman]

Disappointed in you Surfingman although not a bad trading move as you're still in for the SPP. I'm down on the stock at the moment but I'm not bothered trading this one as I think it will do well next year. I bought AOE some time back at .28c and recently sold a large bundle at $3. I'm putting this one in the same ball park and intend to cash in along the way.

I only made the decision because I wanted to take place in SPP and just finished uni so no funds to do this without a sale of shares, in hindsight it's the smartest move I could of done, brought .16 sold .32 - .325 and oppies brought .05 sold .16

I am definitely in Bow for long term, but will try to do some trades along the way, going for a second interview with a large financial firm in January hope I get the job so I can research what they think of Bow

 

[surfingman]

With QLD getting hammered with bad weather the drilling campaign will almost definitely be delayed for at least a week or two. Will be interesting to see how BOW holds after the US markets poor performance Friday night.

Information from Weather Zone

 

[rogue_investor]

Nice announcement again today that Carnarvon flowed gas. There are still 3 sites to drill this quarter so let's hope results are as expected. It's going to be hard to get the market excited at the moment but BOW looks a good bet.

Capital raising was oversubscribed but it looks like shareholders will get their full subscription. 25c pretty cheap on today's price but we'll probably see the usual sellers when they hit the market on Wed.

 

[Go Nuke]

Hi guys.
I dont hold BOW but keep it on my watchlist.
I was looking at the chart today and I believe it could be building for a possible breakout soon?

What do u guys think.
Ive based this on the MACD rising towards positive, as well as what looks like an asending triangle.
The 7 day MA has also just crossed the 21 day MA.

I also notice on Commsec today that there are-

32 buyers for 1Mil + shares vs
25 sellers for 531K of shares.

Of course if bad news comes out of the U.S this week, then all of this will probably mean nothing

 

[rogue_investor]

Go Nuke, I reckon you might be on to something. I'm not a big watcher of the technicals but the uncharacteristic 'Weekly Report' sent out by the company last week is reminding the market what they have in the ground.

ATP 593P DON JUAN SHALLOW OIL JOINT VENTURE has potential of 5 MMBLS. Expect news on this in the coming days.

 

[rogue_investor]

Things still very quiet on BOW. 20c options expiring on March 31 which might be keeping the price down.
The Surat Basin Oil wells work set to begin again April 8 - 10 which could bring very good news if they go into production.

 

[bassmanpete]

Looks like most of the 20c options weren't taken up by the directors (apart from Ron Prefontaine) which doesn't bode well. Unless they were expecting the SP to drop below 20c (currently it's 18.5c) and to buy in then.

 

[rogue_investor]

nice recent gains for BOW. Not much of a reaction to this very positive news though.

Victoria Petroleum NL announced the first well drilled under the ATP 752P farmin agreement with Santos Ltd and Avery Resources (Australia) Pty Ltd has been completed as an oil producer from the Murta Formation with 5.5 inch production casing run, set and cemented to a depth of 2,401 metres. Santos is the operator for the ATP 752P farm-in drilling and seismic program.Following good oil shows in a well developed Murta sand over the interval 1,623 -1,631 metres, wire line logs have confirmed a net pay interval of 6 metres over the gross 8 metre interval from 1,622 – 1,630 metres.

It is anticipated that the well will be brought into production in early third quarter 2008 with oil being transported through existing infrastructure operated by Santos.

The Cuisinier 1 oil discovery is 6.2 kilometres west of the Santos operated Cook Oil Field.As per the ASX release of 17 October 2007, the ATP 752P farmin earning program consists of up to 7 oil exploration wells and a minimum of 300 square kilometres of 3D seismic data to be carried out in the Wompi and Barta blocks which make up ATP 752P.

Vicpet will be fully carried for the 7 wells and all new seismic data acquired under the staged farm-in arrangements and retain 15pct working interest on completion of the farm-in.

The next well to be drilled in the Santos/Avery farmin program in the Barta Block, Hudson 1, is planned to commence drilling in June 2008. Hudson1, 20 kilometres to the south west of Cuisinier 1, will test a seismically defined prospect with the potential to contain a recoverable oil resource in the most likely range of 1.2 million barrels up to a P10 of 10 million barrels.

Santos/Avery Resources acquiring 85%, Vicpet to retain 15%, Bow Energy, Vicpet fully carried for the seven wells.

 

[gdzack]

Is there any news with BOW recently? It soared more than 65% in one week with only an announced presentation?

 

[rogue_investor]

Is there any news with BOW recently? It soared more than 65% in one week with only an announced presentation?

All CSG plays are firing on the back of deals with Santos, Arrow and nearly one with Origin. They don't need any news but a new CSG well right now would be lovely to send it right into orbit.

Also have a look at ESG.

 

[bassmanpete]

Bow's not yet given up the fight for Roma Petroleum and have upped their offer:

http://www.bowenergy.com.au/investo...nouncement-Biddersstatementandattachments.pdf

 

[FNQTrader]

Some good news for BOW yesterday with the announcement of it securing 3 new CSG fields. Hopefully will see some increase in price as a result, even if only gradual, though sp rose yesterday along with the market.

 

[Glen48]

BOW

Any thought or infor. on BOW looks to me like it is rising????
Feed back thoughts.... please or direction??????

 

[oldblue]

There's still a fair bit of corporate action/consolidation to come in the CSM business IMO and BOW has some of the choice bits of the Queensland blocks. Recently awarded some attractive new prospects.
Seems to be a well run company with highly regarded management.

I'm holding a few.DYOR.