AOE - Arrow Energy

[LifeisShort]

Well it ran to 1.34 but it seems that profit takers have pulled it back. Happy with the break over 1.30 though. A movement like that doesnt happen for nothing. Someone knows something. Should be interesting to see if any developments happen in the up coming weeks.

I've realised why there was such a nice move up by AOE today....the article in AFR today was fantastic read.....very positive and encompasses all that I believe.....should be more movement on Monday

 

[chris1983]

I've realised why there was such a nice move up by AOE today....the article in AFR today was fantastic read.....very positive and encompasses all that I believe.....should be more movement on Monday

I saw the article LIS.

Its very positive and they mention Dyno Nobel deciding to proceed with a 520 million Plant in the Bowen Basin to make explosives from Arrow's gas.

There has been no messages in regards to this though from Arrow? They also focus largely on Arrows International expansion. The title of the article is "Arrow hits the international target" and they are saying that Arrow has made some major moves in aquiring International assets and will continue to do so.

A snippet taken from the article that I like.

"His plan for this year is to secure title to as many international assets as possible"

Another section I think is great.

"All of Arrow's 498 petajoules of proven and probable reserves come from just 1 per cent of its 90,000 square kilometres of leases in Queensland."

and another good quote from the article in regards to international assets

"Recently, Davies has ramped up the international side of the business, working with Indian group GAIL to secure stakes in three exploration blocks in India, which the government has estimated to contain more than 10 trillion cubic feet of gas."

Now most of us guys allready know this but its good that the article has revealed Arrows excellent potential to the public and the AFR is read by many investors. I think we should have a good day for Monday.

 

[chops_a_must]

I've realised why there was such a nice move up by AOE today....the article in AFR today was fantastic read.....very positive and encompasses all that I believe.....should be more movement on Monday

And as usual, it gives up its gains.

 

[LifeisShort]

And as usual, it gives up its gains.

Its only a small retreat....its moving in the right direction at least 2 steps forward 1 step back......give me that anytime...i'd rether that then up 50% one day down 50% the next

 

[chris1983]

Reason for the fall today.

"ACCC to Oppose Santos Proposed Acquisition of QGC"

Its disgusting I tell you. It frustrates me we are going down and up in relation to these messages. Arrow should be valued higher than QGC anyway and yet we get these drops when a take over offer is opposed by the ACCC. Ok thats my frustation out for the day.

 

[LifeisShort]

Reason for the fall today.

"ACCC to Oppose Santos Proposed Acquisition of QGC"

Its disgusting I tell you. It frustrates me we are going down and up in relation to these messages. Arrow should be valued higher than QGC anyway and yet we get these drops when a take over offer is opposed by the ACCC. Ok thats my frustation out for the day.

You're not wrong there and its not as if they are not being taken over....AGL will still take them on the cheap because they don't have to raise their offer with Santos out of the way.....perhaps Santos will take their attentions to someone else.....I supoose its a good buying opportunity to top up the holdings. Chris I find it as ridiculous as you......why on earth would you buy stock in arrow because of Santos takeover of QGC......it beats me. How amateurish......Arrow will come through this hiccup that it has nothing to do with

 

[chops_a_must]

You're not wrong there and its not as if they are not being taken over....AGL will still take them on the cheap because they don't have to raise their offer with Santos out of the way.....perhaps Santos will take their attentions to someone else.....I supoose its a good buying opportunity to top up the holdings. Chris I find it as ridiculous as you......why on earth would you buy stock in arrow because of Santos takeover of QGC......it beats me. How amateurish......Arrow will come through this hiccup that it has nothing to do with

QGC holders would be disappointed with the proceedings. AGL will be getting about a 20% discount as to what they should really be paying.

As to it moving with QGC... acquisition talk breeds more acquisition talk, especially in the same sector. The AOE chart still looks fairly bearish and we may see it at 1.10 again.

 

[LifeisShort]

What a great announcement and bang......the sp goes for a run. That just sets up the company for the future....Brilliant.....

 

[chris1983]

What a great announcement and bang......the sp goes for a run. That just sets up the company for the future....Brilliant.....

Company of the future!

 

[chris1983]

$225 million proposed investment into Arrow CSG Acreage

The Directors of Arrow Energy NL (“Arrow”) are pleased to announce the signing of a Letter of Intent (“LOI”) with EIG Energy Infrastructure Group AB (“EIG”) of Sweden for a farm-in to a portfolio of predominantly exploration coal seam gas assets in the Eastern coastal region of Queensland.

The assets to be subject to the 50:50 joint venture between Arrow and EIG include:

• tenements in the Clarence Moreton and Coastal Queensland basins;
• the Dundee Project; and
• Daandine Power Generation Project.

EIG will contribute $150 million to the joint venture for the rapid exploration, appraisal and, potentially, development of the portfolio of assets. EIG will sole fund joint venture costs until such time as the $150 million of funds is spent, including an upfront reimbursement to Arrow of all costs incurred by Arrow on the assets since March 2006. Subsequent expenditure beyond the $150m will revert to a 50:50 split.

EIG will also pay up to $75 million to Arrow by way of three milestone bonuses of $25 million each on achieving certification of 250 PJ, 500 PJ and 750 PJ (all cumulative) of gross 2P gas reserves on the portfolio of assets. The tenements represent approximately 1/3 of Arrow’s current tenement acreage, the majorityof which are still at the exploration and appraisal stage. A map showing the assets to be farmed out is attached to this announcement.

 

[nioka]

The AOE chart still looks fairly bearish and we may see it at 1.10 again.

Not any more.

 

[chris1983]

You think?

They still have 70 million plus at bank. Arrow is so well set to do well its not funny.

 

[chops_a_must]

Not any more.

I was nearly right though. It got down to 1.11. I'm not complaining. I'm still holding and I am very happy with the stock. Chris and Life, if it closes above 1.30, we may see it run on Monday.

Go you good thing! It's about time this one got some legs again. And it's still a bargain at this price IMO.

Also, Santos last night said that they were still interested in CSG companies even though the QGC deal was dudded. Could get interesting...

 

[nioka]

I was nearly right though. It got down to 1.11. I'm not complaining. I'm still holding and I am very happy with the stock. Chris and Life, if it closes above 1.30, we may see it run on Monday.

Go you good thing! It's about time this one got some legs again. And it's still a bargain at this price IMO.

Also, Santos last night said that they were still interested in CSG companies even though the QGC deal was dudded. Could get interesting...

Yes, you were close but I, for one, am glad you were wrong. I think the new partnership for AOE is part of their takeover protection plan and should keep Santos at bay. I think AOE has a long way to go and I think we would miss out on a long term gain if a takeover , even at a good premium, happened now.

 

[chops_a_must]

Yes, you were close but I, for one, am glad you were wrong. I think the new partnership for AOE is part of their takeover protection plan and should keep Santos at bay. I think AOE has a long way to go and I think we would miss out on a long term gain if a takeover , even at a good premium, happened now.

You and me both.

Yes. This one is a long termer for me. I'm looking forward to watching this one throughout the year. Should be fun.

 

[LifeisShort]

You and me both.

Yes. This one is a long termer for me. I'm looking forward to watching this one throughout the year. Should be fun.

How brilliant is the strategic alignment......don't have to fork out a cent on exploration for some of those tenements and then it reverts to 50/50. If they find anything and turn into production then its a great deal. Takes out the need for AOE to raise any more cash.....they wouldn't do it at the moment anyway cause they are cashed up and have finally turned in a profit although minute its the start of it!!!!

I can see this run to 1.50 on this announcement in the near future and from there it should get more support

What a great story arrow is. I had my order to buy more at 1.14 just before the announcement and wooshka

 

[vicb]

We may see more news from India soon.
Interesting reports on a meeting there today.

Industry News


India and Australia discuss enhancing cooperation in OIL Sector


India and Australia today discussed the possibilities of further enhancing cooperation in the hydrocarbon sector. At a meeting between the Minister of Petroleum & Natural Gas Shri Murli Deora and the visiting Premier of Western Australia Mr. Alan Carpenter here today, the two sides felt the need for having criss-cross investment by the companies from India and Australia, in both the countries. The two leaders reiterated the vast possibilities in this regard in India and Australia - particularly Western Australia.

Shri Deora while referring to the existing cooperation in various areas of oil and gas sector said that the companies from the two countries could take greater advantage of investment opportunities available in both countries. He referred to the possibility of importing LNG from Western Australia as well as Indian companies picking up more equity oil as part of India’s plans to add E&P properties abroad. Similarly, the cooperation in developing Coal Bed Methane (CBM) projects offer significant possibilities to build upon the participation of Arrow Energy, an Australian company, in the third CBM round which concluded recently. He also invited Australian companies which have strong R&D base in oil and gas sector to set up facilities in India.

Mr. Carpenter informed that Western Australia is a significant source of supplying natural gas particularly the Liquefied Natural Gas (LNG), for which India is also emerging as a an attractive market. The new projects for enhancing LNG capacity in the country are being implemented to increase this from about 16 million tonnes to about 50 million tonnes. He also invited Indian investment in the exploration and production of hydrocarbon in Western Australia.

 

[chops_a_must]

How brilliant is the strategic alignment......don't have to fork out a cent on exploration for some of those tenements and then it reverts to 50/50. If they find anything and turn into production then its a great deal. Takes out the need for AOE to raise any more cash.....they wouldn't do it at the moment anyway cause they are cashed up and have finally turned in a profit although minute its the start of it!!!!

I can see this run to 1.50 on this announcement in the near future and from there it should get more support

What a great story arrow is. I had my order to buy more at 1.14 just before the announcement and wooshka

It looks fantastic! It's almost like a one way bet now.

1.30 should now be the new support.

Lucky duck Hopefully it wont ever get back there.

 

[chris1983]

Just smashed the previous high. Hit 1.39. Arrow has a habbit of jumping hard and fast.

 

[chris1983]

Someone now comes in with a sell at 1.365

sheesh. I dont know why you would sell but this is all good signs. Big boys are getting into these.