AUT - Aurora Oil and Gas

[condog]

Please bear with me. I don't mean to get off subject but did want to test uploading a few smaller pics. Here are a few more of the PMT Unit:

I live in South Texas and I was curious as to what was happening at this well site so I took a little trip and took a few pics for you all. The activity in Karnes County is quite amazing.

Great Job KatyGirl, really appreciate your input. A pictures worth a 1000 words.

 

[Magic Man]

I just noted that BHP is buying a substantial share in a well known Shale in America for 4.3 billion dollars.. Eagleford??

 

[Magic Man]

Further reading its the Fayetville shale... If someone like BHP is interested in buying Shales there must be a heap of interest out there,

 

[condog]

One would begin to think the TSX listing is going to happen then closely followed by a reserves upgrade and operational update. Given they seem to be keeping us hungry for an update, and a cashflow update, id bet they are saving some juicy bits till after the TSX listing.

 

[AngusSmart]

Magic man.


Wrong fayetteville. that one is in Arkansas which is N,E from Texas.. EKA has interests in a county in Texas called fayette...

 

[Sdajii]

Sorry PMT unit? Is this Aurora in action?

The PMT unit is used to deal with women who are behaving even more poorly than usual. AUT has done really well so we've branched out into providing this community service.

...I actually have no idea what a PMT unit is, just a crap sense of humour.

Interesting pictures, Katy! Thank you for posting them

It's funny (at least to me) to see AUT's price movements, the repeated cycle of hitting a new high, going through consolidation, smashing out a new high, and so on. Looking at the chart and the fundamentals, right now looks like a brilliant time to buy in/top up. I don't really understand why AUT doesn't move up faster, why it stays in the channel it is in. Given that it stays in that channel I don't understand why people sell on the lows or buy on the highs (buying on the highs would perhaps be on speculation of it breaking into a new channel/breaking out?). I also puzzle over how the lows can stay so low on the channel for so long with something with AUT's fundamentals. Not that it bothers me to be puzzled

OGG/Condog: Are you sure the current spike in oil price is a good thing for us? Like all of us evil, greedy-oil-baron-monsters, I love it when we can sell our oil at a good price, but if the spike is due to a temporary scare, surely the high price will mean more imports, less local usage, an increase in inventories, then a drop in price right when people are adapting to lower consumption, thus overall we may end up selling less oil at a lower price in the longer term. An obvious macrocosm of this was 2008 when oil prices surged, the economy couldn't handle it, the result being a collapse in price and consumption. Oil above $90 or so, to me, seems concerning. Not that I'm the smartest person in the world or the one who best understands the situation, of course.

Your take on this?

 

[bbker]

The PMT unit is used to deal with women who are behaving even more poorly than usual. AUT has done really well so we've branched out into providing this community service.

...I actually have no idea what a PMT unit is, just a crap sense of humour.

Lulz (i did laugh) it's one of our wells!

 

[gsnz1]

posted by Nexus on HC....

Posted by Safiande in the EME thread (UK).

Petrohawk 4th qtr results 22 Feb

�Company Employs Breakthrough Schlumberger Frac Technology Successfully in the Eagle Ford Shale.

Petrohawk implemented Schlumberger's MP7 (HiWAY) flow-channel fracturing technique since October 2010 on a select number of wells as a trial to determine the impact of this novel methodology on horizontal multistage production in the Eagle Ford Shale. The initial tests were located in various areas of Hawkville Field. The HiWAY fracturing technique combines fit-for-purpose fracture modeling, fracturing fluids and high-frequency proppant pulsations. The HiWAY method effectively creates flow channels within the fracture network and increases the overall stimulated reservoir volume and permeability.
Initial production results from this limited set of wells reflect average production increases of approximately 37% in the areas with gas and natural gas liquids and an average of approximately 32% in the high condensate yield areas. Additionally, EUR increases from the limited trial, based on internal estimates, ranged from 25% to 90% higher as compared to offsetting wells completed with conventional fracturing techniques. Petrohawk has converted 100% of frac services provided by Schlumberger in the Eagle Ford to HiWAY. Currently, Petrohawk is utilizing all available capacity of this technology.
Any changes to expectations for the Company's Eagle Ford Shale productivity and EURs as a result of the use of HiWAY will be made after additional data is gathered.�

http://www.petrohawk.com/news_rsslib_text.php?id=1531030

 

[condog]

from WSJ dot com - the weakness of the oilers over the past 2-3 weeks on the back of declining oil prices, should be halted. These numbers are very much more profitable for AUT's condensate component.

NEW YORK (Dow Jones)--Escalating violence in Libya pushed oil prices sharply higher Tuesday, as the unrest sweeping the greater Middle East shows no signs of abating.

The North African nation, a member of the Organization of Petroleum Exporting Countries, holds the largest reserves in Africa and accounts for about 1.7% of world crude output. The unrest in Libya has caused about 50,000 barrels a day of oil output to be shut down, an official at the International Energy Agency said Monday.

Light, sweet crude for March delivery soared $4.87, or 5.7%, to $91.07 a barrel from Friday's settlement on the New York Mercantile Exchange, after rising to as high as $94.49 a barrel in intraday trading. The contract expires at the end of trading Tuesday. The more heavily traded April contract rose $4.86, or 5.4%, to $94.57 a barrel.

Those price increases are smaller when accounting for gains made in trading on electronic platforms Monday. The Nymex was closed for the Presidents Day holiday Monday. Brent crude on the ICE futures exchange, which was open Monday, jumped $1.53, or 1.4%, at $107.27 a barrel.

OPEC said its basket of 12 crudes rose to $100.59 a barrel Monday, up from $99.08 Friday, marking the first time the basket surpassed $100 a barrel in 2 1/2 years

Sadji, short term volatility, shouldnt cause any economic slowdown, other then possibly a profit hit to airlines and transport co's that have not hedged against oil fluctuations. Most half intelligent co's that are so reliant on oil price hedge with forward contracts for supply.

If the high oil price hangs around 6-12 months then it will cause some ripples in some sectors. Aus should do well as our strong AUD partially offsets any rise, but it wont help the US and EU with pressure on both those currencies, compounded with higher energy costs, they cop a double whammy.

 

[condog]

TXS listing occurs today Canada time, so excpect announcment today, with price effected tommorrow.

NSAI update any day.

A very big week ahead for AUT and holders.

 

[Magic Man]

Another fantastic day on the markets at the moment.. wondering whether to top up again on AUT or just let what i already have ride just incase we see it drop further. Hard to believe that with Nymex Crude almost 100 dollars a barrell overnight that all these promising oil stock shave been halted in there tracks (SEA, HOG) for example. The only one i want to tank is tXN and its holding a little where it opened.. Very frustating.

Ive heard some analysts say that they expect the ASX to hit 4400 again this year, with all the troubles in the middle east and the strong run we have had do you think this is a possibility, or is it just a healthy pullback?

Cheers guys.

 

[breaker]

Although off topic XJO bounced off 4800

 

[condog]

These stocks tend to follow value as much as they follow the market.

4400, thats a rediculously huge call by someone. Not sure they will see that, but in realty who knows. The one thing we do know is you want to be in stocks that are rapidly developing reserves and flows.

Is aut, HOG, txn, eka, sea doing that - Yes

Thats about as good as it gets.

 

[Magic Man]

Yeah pretty spot on Condog

 

[mir]

update from GMP


SUBJECT: Aurora Oil & Gas Limited ? New Frac Technology Upside

IMPACT: Positive ? Could improve EUR?s per well by at least 25%.

? We already see up to a 10 fold increase in Aurora?s reserves based on higher EUR?s, potential down spacing and from the uphole Austin Chalk, but if this new technology works we see further upside in this asset base. Petrohawk stressed that one of the benefits of the HiWay frac is that it is even a little cheaper per stage than a conventional hybrid frac as they use a little less sand. This will further improve the NPV per well for Aurora if this proves to be the route of choice for future development in the Eagle Ford.

? Aurora is expected to start trading tomorrow on the TSX under the new symbol ?AEF?.

 

[golfmos123]

very nice day for AUT thus far, up to 3.18 on decent volume very quickly. presumably this is driven by Toronto listing, upgrades to kick it on further we hope.

Good luck to all holders......

 

[geelongfan]

very nice day for AUT thus far, up to 3.18 on decent volume very quickly. presumably this is driven by Toronto listing, upgrades to kick it on further we hope.

Good luck to all holders......

definitely not the time to sell IMHO.. schlumbergers new frac method could see vast improvements in production increases for wells in the eagleford region without anything else taken into account..

given the tension in the middle east and raising oil prices.. i see the proven eagleford region to benefit if the companies are run and operated by competent people..

the tsx listing has pumped a breath of fresh air in the stock. the reserves report could see it go to new highs.. all imho tho

 

[condog]

Looks like a big friday and even bigger start to next week for AUT. Sellers are drying up , and the combination of NSAI reserves upgrade and TSX listing will be like a shot of heroin in the arm for the sp in my opinion.

Looking good.

 

[Dukey]

Looks like a big friday and even bigger start to next week for AUT. Sellers are drying up , and the combination of NSAI reserves upgrade and TSX listing will be like a shot of heroin in the arm for the sp in my opinion.

Looking good.

Yes - looking very nice.
sadly i'll be in a car and remote for most of next week so i'll miss the fun - but hopefully in for a nice surprise next friday .

also seems to have taken any attention from EKa which hasn't traded at all today - but no trading halt that i can find ?!... but thats fine - every dog has his day.

 

[newry]

Yes - looking very nice.
sadly i'll be in a car and remote for most of next week so i'll miss the fun - but hopefully in for a nice surprise next friday .

also seems to have taken any attention from EKa which hasn't traded at all today - but no trading halt that i can find ?!... but thats fine - every dog has his day.

It looks very much like a bullish engulfing candle on the charts today. I would suggest this is going to $3.60 bear minimum short term. Looking forward to the coming news.


Cheers