- Joined
- 6 November 2005
- Posts
- 915
- Reactions
- 0
Hi folks,
AOE ..... it may get started upwards quite soon and
we will be watching AOE carefully for some positive
news and a rally, from 13-19012006 ..... yes ??? ...
happy days
yogi
AOE - Arrow Energy
- Thread starter yogi-in-oz
- Start date
-
- Tags
- aoe arrow energy
Hi folks,
AOE ..... it may get started upwards quite soon and
we will be watching AOE carefully for some positive
news and a rally, from 13-19012006 ..... yes ??? ...
happy days
yogi
- Joined
- 6 November 2005
- Posts
- 915
- Reactions
- 0
Hi folks,
AOE ... this stock has been testing support over
the past couple of months and up today, but .....
..... expecting another test of the 54 cent support
level, over the next couple of weeks, with a couple
of negative cycles coming into play:
26-29052006 ..... significant and negative news???
06062006 ..... negative spotlight on AOE
12-13062006 ..... expecting positive news here ... ???
29-30062006 ..... 2 minor cycles expected.
07072006 ..... negative cycle ... finances?
10072006 ..... positive sentiment returns = low ???
01082006 ..... positive cycle ... finance-related???
08082006 ..... minor, flat trading, until 16082006???
16-17082006 ..... aggressive rally ???
21082006 ..... minor news
25-28082006 ..... minor
05-08092006 ..... 2 cycles here -significant news
and positive spotlight on AOE ...
happy days
yogi
=====
Keep an eye on this stock. Some quotes taken out of their latest message.
“The merger with CH4 has created Australia’s leading coal seam gas player, and also one of the leading firms in the sector in the Asia-Pacific region where the opportunities are enormous,” he said.
“We have a market capitalisation in excess of $250 million, two producing projects, two more under development and about 15 more under appraisal.”
But the company’s growth opportunities are not restricted to the Sunshine State, Mr Davies said. “India, China and Indonesia have enormous potential resources of coal seam gas, with gas prices ranging from $5-$13 per gigajoule (GJ) in these markets. All three countries are experiencing a long-term critical supply shortage of gas for their domestic markets, and we
intend to address this need,” he said.
“We have the intellectual property gained by the development of multiple CSG fields in Australia to be the technical partner of choice in Asia. Our contacts in these target countries through our board members, executives, key investors and partners, will allow us to take advantage of these opportunities.”
Now this is the interesting bit below. Arrow are bidding on Coal Bed Methane III licenses in India. They are partners with GAIL which is majority owned by the government. The government issues the licenses don't they? They would have to be successful in gaining good ground in India. It looks as if its a certainty. Am I wrong?
As an example of the opportunities overseas, a recent power station spot gas sale in India was at $13 per GJ. This compares with the $2.50 - 3.50 per GJ landed prices from Queensland generators in an electricity market operating under tight margins. Bid results are expected in the next few weeks concerning the Coal Bed Methane III licensing round in India which an Arrow led consortium recently participated in. If successful, Arrow and consortium partner GAIL (India) Limited plan to begin operations in 2007.
GAIL (India) Limited, which is majority-owned by the Government of India and is the South Asian nation’s principal integrated gas company, is also continuing its due diligence on Arrow’s Australian tenements offered for joint venture and is expected to make a substantial capital investment in some of Arrow’s Australian projects.
“The merger with CH4 has created Australia’s leading coal seam gas player, and also one of the leading firms in the sector in the Asia-Pacific region where the opportunities are enormous,” he said.
“We have a market capitalisation in excess of $250 million, two producing projects, two more under development and about 15 more under appraisal.”
But the company’s growth opportunities are not restricted to the Sunshine State, Mr Davies said. “India, China and Indonesia have enormous potential resources of coal seam gas, with gas prices ranging from $5-$13 per gigajoule (GJ) in these markets. All three countries are experiencing a long-term critical supply shortage of gas for their domestic markets, and we
intend to address this need,” he said.
“We have the intellectual property gained by the development of multiple CSG fields in Australia to be the technical partner of choice in Asia. Our contacts in these target countries through our board members, executives, key investors and partners, will allow us to take advantage of these opportunities.”
Now this is the interesting bit below. Arrow are bidding on Coal Bed Methane III licenses in India. They are partners with GAIL which is majority owned by the government. The government issues the licenses don't they? They would have to be successful in gaining good ground in India. It looks as if its a certainty. Am I wrong?
As an example of the opportunities overseas, a recent power station spot gas sale in India was at $13 per GJ. This compares with the $2.50 - 3.50 per GJ landed prices from Queensland generators in an electricity market operating under tight margins. Bid results are expected in the next few weeks concerning the Coal Bed Methane III licensing round in India which an Arrow led consortium recently participated in. If successful, Arrow and consortium partner GAIL (India) Limited plan to begin operations in 2007.
GAIL (India) Limited, which is majority-owned by the Government of India and is the South Asian nation’s principal integrated gas company, is also continuing its due diligence on Arrow’s Australian tenements offered for joint venture and is expected to make a substantial capital investment in some of Arrow’s Australian projects.
- Joined
- 6 November 2005
- Posts
- 915
- Reactions
- 0
yogi-in-oz said:
Hi folks,
AOE ..... as per post above, aggressive rally comes
in, right on time .....
happy days
yogi
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
Looks like it could be breaking out, although it's done this a few times over the past year and then pulled back again. Needs to hold above $0.65 for a bit to be looking more positive.
Should be some positive news next week with the following article below coming out of India.
Hopefully will see a positive reaction in the price if the announcement of the 4 awarded blocks comes out to the market next week.
"New Delhi, Sept 21: A high-level panel headed by Cabinet Secretary has rejected Anil Dhirubhai Ambani Group's contention of "unfair" evaluation in deciding on bids for Coal Bed Methane (CBM) blocks.
After two rounds of deliberations this week, the panel of secretaries including those of petroleum, finance, law and coal, concluded that the evaluation of bids for 10 coal bed methane blocks (CBM) was done in fair and transparent way and there was no bias against ADAG, official sources said.
The recommendation for award of four blocks to ADAG's Reliance Natural Resources Ltd and three to Australia's Arrow Energy, is likely to come up for approval at the meeting of Cabinet Committee of Economic Affairs (CCEA) next week.
Sources said the CCEA had on August 31 asked the four-member empowered committee of secretaries to re-examine the technical evaluation of bids after ADAG staked claim on two of the three blocks awarded to arrow energy which it narrowly missed because of discretionary marking by oil regulator DGH.
The Cabinet Secretary was asked to chair the four-member secretaries panel, they said, adding that the elite panel considered all points raised by Anil Ambani Group but found no substance in the allegations.
The government had in February 2006 invited bids for 10 CBM blocks under third round of bidding. The bids closed on June 30. "
Link to news -
http://www.zeenews.com/znnew/articles.asp?aid=324328&ssid=53&sid=BUS
Hopefully will see a positive reaction in the price if the announcement of the 4 awarded blocks comes out to the market next week.
"New Delhi, Sept 21: A high-level panel headed by Cabinet Secretary has rejected Anil Dhirubhai Ambani Group's contention of "unfair" evaluation in deciding on bids for Coal Bed Methane (CBM) blocks.
After two rounds of deliberations this week, the panel of secretaries including those of petroleum, finance, law and coal, concluded that the evaluation of bids for 10 coal bed methane blocks (CBM) was done in fair and transparent way and there was no bias against ADAG, official sources said.
The recommendation for award of four blocks to ADAG's Reliance Natural Resources Ltd and three to Australia's Arrow Energy, is likely to come up for approval at the meeting of Cabinet Committee of Economic Affairs (CCEA) next week.
Sources said the CCEA had on August 31 asked the four-member empowered committee of secretaries to re-examine the technical evaluation of bids after ADAG staked claim on two of the three blocks awarded to arrow energy which it narrowly missed because of discretionary marking by oil regulator DGH.
The Cabinet Secretary was asked to chair the four-member secretaries panel, they said, adding that the elite panel considered all points raised by Anil Ambani Group but found no substance in the allegations.
The government had in February 2006 invited bids for 10 CBM blocks under third round of bidding. The bids closed on June 30. "
Link to news -
http://www.zeenews.com/znnew/articles.asp?aid=324328&ssid=53&sid=BUS
Good profit report by New hope who happen to be an 18% stock holder of Arrow energy.
New hope should have a bit of cash behind them now after this report and also after the selling of its Indonesian coal mine in 2005 for $352 million, but with their Ipswich, Oakleigh and Jeebropilly mine closing in the next couple of years, they will have to look else where for expansion. Arrow may be a good target for it.
Should be interesting to see what happens after the option date expires.
Also interesting to note Washington H Soul Pattinson owns a 60% share of New Hope.
New hope should have a bit of cash behind them now after this report and also after the selling of its Indonesian coal mine in 2005 for $352 million, but with their Ipswich, Oakleigh and Jeebropilly mine closing in the next couple of years, they will have to look else where for expansion. Arrow may be a good target for it.
Should be interesting to see what happens after the option date expires.
Also interesting to note Washington H Soul Pattinson owns a 60% share of New Hope.
Hopefully some good news for AOE on monday (02/10/06) in regards to the Indian CBM blocks with AOE getting its share of three blocks.
http://www.chennaionline.com/colnew...916E-484F-ADE9-83BC5B4958DE}&CATEGORYNAME=BIZ
"ADAG-led consortium awarded 4 CBM blocks
Search for More News
New Delhi, Sept 29: The Cabinet Committee on Economic Affairs today cleared award of four Coal Bed Methane (CBM) blocks to an Anil Dhirubhai Ambani Group-led consortium and three blocks to a consortium led by Australia's Arrow Energy.
One block was awarded to British Petroleum and two to Coalgas, sources said.
The ADAG-led consortium includes REL-RNRL-GeoPetrol, while the Arrow Energy-led consortium comprises Arrow-GAIL-EIG. (Agencies)"
http://www.chennaionline.com/colnew...916E-484F-ADE9-83BC5B4958DE}&CATEGORYNAME=BIZ
"ADAG-led consortium awarded 4 CBM blocks
Search for More News
New Delhi, Sept 29: The Cabinet Committee on Economic Affairs today cleared award of four Coal Bed Methane (CBM) blocks to an Anil Dhirubhai Ambani Group-led consortium and three blocks to a consortium led by Australia's Arrow Energy.
One block was awarded to British Petroleum and two to Coalgas, sources said.
The ADAG-led consortium includes REL-RNRL-GeoPetrol, while the Arrow Energy-led consortium comprises Arrow-GAIL-EIG. (Agencies)"
Thats huge news. This is the news ive been waiting for to break all resistance points and see the SP finally fly. Getting into India which so many companies were trying to do is excellent growth for Arrow.
These blocks are not crappy blocks either. Why would ADAG kick up such a fuss. They also said if you give it to Arrows consortium less money would stay within the country. There has to be stacks of Gas there to be developed.
Well heres hoping for a great day on Monday. This news is a standout to any other that they have released of late so I'm expecting them to finally move.
These blocks are not crappy blocks either. Why would ADAG kick up such a fuss. They also said if you give it to Arrows consortium less money would stay within the country. There has to be stacks of Gas there to be developed.
Well heres hoping for a great day on Monday. This news is a standout to any other that they have released of late so I'm expecting them to finally move.
Similar threads
