chops_a_must
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Should have bought more of these instead of NWE. Lol!
AOE - Arrow Energy
- Thread starter yogi-in-oz
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- aoe arrow energy
There has got to be news soon on Arrows Indian Tenements. Nothing has slowed Arrow down. Below is some information on their Indian assets which is only one of their major projects they have running. They have so much going for them.
"The consortia won the three blocks amidst stiff competition from various major domestic and international players. Out of the three blocks, one block is in Rajmahal Coal field, Jharkhand and the other two blocks are in Mand Raigarh and Tata Pani Ramkola Coal fields, Chattishgarh.
The consortium structure in the three awarded blocks are as follows:
(See Image attached)
As per DGH the resource potential of the Rajmahal blocks is 5.5 TCF and for the Mand Raigarh and Tatapani-Ramkola blocks are 4.2 TCF and 1.9 TCF respectively.
The estimated expenditure for the first phase of exploration of the three blocks awarded is in the tune of US$ 16 million (Indian Rupees 72 crores) out of which GAIL share would be in the tune of 6 million (Indian Rupees 27 crores). Exploration activities is expected to start in early 2007."
Then we have the recent Development with EIG investing into 1/3 of Arrows CBM fields.
$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 majority of which are still at the exploration and appraisal stage. A map showing the assets to be farmed out is attached to this announcement.
EIG is one of Arrow’s current joint venture partners in the Indian Coal Bed Methane blocks recently awarded under the CBM III licensing round in late 2006. The LOI also allows for later participation in EIG’s farm-in by the other International partners of Arrow and EIG. However, any such participation would not alter the terms of the arrangement from Arrow’s perspective.
The LOI targets financial close on the farm in by the end of March 2007 and further details will be released at that time. EIG’s investment
Cash Position as stated from their Quarterly Report Ending 31st Dec.
"At the end of December 2006:
Arrows cash position stood at 65.1 Million
Drawn down debt of 21 Million
Un-drawn debt facilities available of 5 Million
They will also be receiving a re-imbursement from Australian Pipeline Trust of approx 18 Million."
There is so much happening with Arrow its amazing the potential growth the company has.
Lets show a reminder of the achievements in 2006
•Successful merger with CH4
•46% increase in share price
•Over 100 wells drilled
•Over $160m funding raised
•Three new producing projects
•Three Indian blocks awarded with net resources up to 500 MMBOE (approx 10 TCF gas gross)
•Joint GTL concept study agreed with Alcan
•Plans in place to target $100m annual EBITDA by FY 2010
•Significant reserves upgrades achieved
Then we have the additional farm-in option to Sumatra and the investment in Global CBM.
Arrow Energy (ASX:AOE) has an option to farm into 12 of Sugico Graha PT's tenements in Sumatra, Indonesia, to earn up to a 65 per cent interest in each.
The projects consist of 12 coal mining permits in the South Sumatra Basin covering approximately 140,000 hectares. Regulations governing exploration and development of coal bed methane are currently in preparation and expected to be finalised in thefirst quarter of 2007.
Global is in the advanced stages of business development for the acquisition of coal bed methane (CBM) assets in Indonesia, China, Vietnam and India. Under the agreement Arrow and Global's international business development teams and opportunities will be merged into Global which will be renamed Arrow Global CBM Pty Ltd.
Add all this together and Arrow's market cap stands at 755 Million. The management team is a team to be desired by most companies..they have achieved so much in such little time. Thats a little re-cap for those of you who are thinking of investing in Arrow and hopefully you can see the future potential of this company as I see it.
"The consortia won the three blocks amidst stiff competition from various major domestic and international players. Out of the three blocks, one block is in Rajmahal Coal field, Jharkhand and the other two blocks are in Mand Raigarh and Tata Pani Ramkola Coal fields, Chattishgarh.
The consortium structure in the three awarded blocks are as follows:
(See Image attached)
As per DGH the resource potential of the Rajmahal blocks is 5.5 TCF and for the Mand Raigarh and Tatapani-Ramkola blocks are 4.2 TCF and 1.9 TCF respectively.
The estimated expenditure for the first phase of exploration of the three blocks awarded is in the tune of US$ 16 million (Indian Rupees 72 crores) out of which GAIL share would be in the tune of 6 million (Indian Rupees 27 crores). Exploration activities is expected to start in early 2007."
Then we have the recent Development with EIG investing into 1/3 of Arrows CBM fields.
$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 majority of which are still at the exploration and appraisal stage. A map showing the assets to be farmed out is attached to this announcement.
EIG is one of Arrow’s current joint venture partners in the Indian Coal Bed Methane blocks recently awarded under the CBM III licensing round in late 2006. The LOI also allows for later participation in EIG’s farm-in by the other International partners of Arrow and EIG. However, any such participation would not alter the terms of the arrangement from Arrow’s perspective.
The LOI targets financial close on the farm in by the end of March 2007 and further details will be released at that time. EIG’s investment
Cash Position as stated from their Quarterly Report Ending 31st Dec.
"At the end of December 2006:
Arrows cash position stood at 65.1 Million
Drawn down debt of 21 Million
Un-drawn debt facilities available of 5 Million
They will also be receiving a re-imbursement from Australian Pipeline Trust of approx 18 Million."
There is so much happening with Arrow its amazing the potential growth the company has.
Lets show a reminder of the achievements in 2006
•Successful merger with CH4
•46% increase in share price
•Over 100 wells drilled
•Over $160m funding raised
•Three new producing projects
•Three Indian blocks awarded with net resources up to 500 MMBOE (approx 10 TCF gas gross)
•Joint GTL concept study agreed with Alcan
•Plans in place to target $100m annual EBITDA by FY 2010
•Significant reserves upgrades achieved
Then we have the additional farm-in option to Sumatra and the investment in Global CBM.
Arrow Energy (ASX:AOE) has an option to farm into 12 of Sugico Graha PT's tenements in Sumatra, Indonesia, to earn up to a 65 per cent interest in each.
The projects consist of 12 coal mining permits in the South Sumatra Basin covering approximately 140,000 hectares. Regulations governing exploration and development of coal bed methane are currently in preparation and expected to be finalised in thefirst quarter of 2007.
Global is in the advanced stages of business development for the acquisition of coal bed methane (CBM) assets in Indonesia, China, Vietnam and India. Under the agreement Arrow and Global's international business development teams and opportunities will be merged into Global which will be renamed Arrow Global CBM Pty Ltd.
Add all this together and Arrow's market cap stands at 755 Million. The management team is a team to be desired by most companies..they have achieved so much in such little time. Thats a little re-cap for those of you who are thinking of investing in Arrow and hopefully you can see the future potential of this company as I see it.
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chris1983 said:
Agreed Chris. Should be a year of extreme growth for Arrow. On of my favourite stocks
chops_a_must
Printing My Own Money
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I still think this is a gem of a stock. I don't understand why it still trades lower than QGC. It has held up well and consolidated nicely above 1.30 during this period and I will be looking to increase my holdings of this one during "wave C". Possibly MEL as well. Gas stocks are a good place to be I think.chris1983 said:
I understand that Arrow will retain a 50% stake in any international subsidiary, but will Australian Arrow holders be able to participate in any offering?
Very happy with the potential of this one.
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Nice announcement regarding GTL. Alcan and Arrow have come up with the thumbs up for more studies into feasability of the project but so far so good.
Some large buyers at the close. One guy wants 500,000 shares at 1.36. Now that aint petty cash 
I think the 1.40 mark will be breached soon. It went up on the ALCAN annoucement..great announcement..but there is going to be a lot more news to come. I'm still waiting for the update on the Indian tenements. I keep saying that but any positive news in regards to India will see Arrow fly.
I think the 1.40 mark will be breached soon. It went up on the ALCAN annoucement..great announcement..but there is going to be a lot more news to come. I'm still waiting for the update on the Indian tenements. I keep saying that but any positive news in regards to India will see Arrow fly.
laurie said:Somehow I think AOE sp is going to fly past QGC sp
cheers laurie
Based off market cap we have overtaken QGC. Arrow have way more cash at bank though so they are actually very even companies based off market cap atm which is totally not right. Arrow are going to have 225 million invested into their acreage by EIG of sweden and there will be more to come from GAIL.
From GAILS website there was a news article posted stating:
"GAIL will be investing about Rs 500 crore for 50 per cent stake in four CBM "areas" currently owned by Arrow Energy in Australia, which are at various stages of exploration and production."
This was back towards the end of 2006 and there has been no update since. They have since taken this news article down because a few of us from another forum site wrote to the Arrow management about it but never got a response. They will have two huge companies in GAIL and EIG pushing funds into arrows Australian tenements. This is worth a lot to the company. IMO Arrow should have a substantially larger market cap than QGC. This will eventuate IMO.
The international exposure and further projects Arrow have on the cards should surely push them well above QGC. Thats just my opinion.
News below. Arrow have broken their previous high of 1.39 and ran to 1.42 but they have pulled back a bit from the open.
Arrow Global CBM Pty Ltd (“AGCBM”) and Orion Energy (“Orion”) have signed a Letter of Intent for broad ranging co-operation in China. Orion is a US based privately owned energy company specializing in Coal Bed Methane (“CBM”) operations and services, operating solely in China. It is the largest provider of horizontal drilling services to the rapidly growing Chinese CBM industry and is also the owner of two CBM concessions.
Under the terms of the LOI :
• AGCBM and Orion will perform a joint technical and commercial study of two concession blocks, in China’s premiere CBM basins of Ordos and Qinshu, in which Orion already has 70% upstream working interest. Arrow will earn 5% share in both of these blocks by virtue of performing the study and will have an option to farm in for a further 25% based on funding a work program to be agreed, up to a maximum of $10 million;
• Orion will act as Arrow’s partner and representative in China and will use their significant in-country relationships to help consolidate and grow the combined companies businesses in China; and
• The two companies will look for a broad range of additional opportunities in the CBM industry in China using both companies’ extensive data bases and have the intent to grow a significant, multi asset, business together. It is anticipated that the study phase of the farm-in will be completed within 2 months. Following successful completion of the farm-in, these assets will become part of the portfolio of AGCBM. AGCBM is also in the advanced stages of business development in Indonesia and Vietnam and is targeting adding these assets to the portfolio. It is planned that the AGCBM portfolio together with the existing Arrow India assets will form part of the proposed partial IPO of Arrow International later this year. Arrow Energy N.L. recently acquired 50% of the issued capital of Arrow Global CBM Pty Ltd, and has a 2 year option to acquire the remaining 50% shareholding.
Arrow Global CBM Pty Ltd (“AGCBM”) and Orion Energy (“Orion”) have signed a Letter of Intent for broad ranging co-operation in China. Orion is a US based privately owned energy company specializing in Coal Bed Methane (“CBM”) operations and services, operating solely in China. It is the largest provider of horizontal drilling services to the rapidly growing Chinese CBM industry and is also the owner of two CBM concessions.
Under the terms of the LOI :
• AGCBM and Orion will perform a joint technical and commercial study of two concession blocks, in China’s premiere CBM basins of Ordos and Qinshu, in which Orion already has 70% upstream working interest. Arrow will earn 5% share in both of these blocks by virtue of performing the study and will have an option to farm in for a further 25% based on funding a work program to be agreed, up to a maximum of $10 million;
• Orion will act as Arrow’s partner and representative in China and will use their significant in-country relationships to help consolidate and grow the combined companies businesses in China; and
• The two companies will look for a broad range of additional opportunities in the CBM industry in China using both companies’ extensive data bases and have the intent to grow a significant, multi asset, business together. It is anticipated that the study phase of the farm-in will be completed within 2 months. Following successful completion of the farm-in, these assets will become part of the portfolio of AGCBM. AGCBM is also in the advanced stages of business development in Indonesia and Vietnam and is targeting adding these assets to the portfolio. It is planned that the AGCBM portfolio together with the existing Arrow India assets will form part of the proposed partial IPO of Arrow International later this year. Arrow Energy N.L. recently acquired 50% of the issued capital of Arrow Global CBM Pty Ltd, and has a 2 year option to acquire the remaining 50% shareholding.
Arrow signs LOU with leading Indonesian Energy Company MedcoEnergi
Arrow Global CBM Pty Ltd (“AGCBM”) and PT Medco E&P Indonesia (“Medco”) have signed a Letter of Understanding (“LOU”) for broad ranging cooperation in Coal Bed Methane (“CBM”) in South Sumatra, Indonesia.
Medco is Indonesia’s leading independent Oil and Gas Company with daily production of more than 80,000 barrels of oil equivalent and a market capitalization of more than US$1.2 billion. Medco is also the owner of a number of oil and gas tenements in the South Sumatra Basin in an area that is also highly prospective for CBM. Medco, in conjunction with the government research organization Lemigas, is already conducting a CBM pilot in this area
Under the terms of the LOU:
• An area of approximately 1,200 square kilometres in South Sumatra is defined for mutual cooperation;
• The companies will perform a joint commercial and technical due diligence study of the area;
• Pending the results of the study, Arrow and Medco will finalise a commercial arrangement between the two companies to monetize CBM resources in the target area; and
• It is intended to complete the studies and sign a Joint Venture arrangement by the end of April 2007.
Consultant studies have estimated that the coal resources of the South Sumatra Basin contain up to 120 Trillion Cubic Feet of CBM. Involvement in this basin is a key part of AGCBM’s strategy. This agreement complements the agreement with PT Sugico Graha in the same basin, announced late last year.
It is planned that the AGCBM portfolio together with the existing Arrow India assets will form part of the proposed partial IPO of Arrow International later this year.
Arrow Energy N.L. recently acquired 50% of the issued capital of Arrow Global CBM Pty Ltd, and has a 2 year option to acquire the remaining 50% shareholding.
About PT Medco Energi Internasional Tbk:
PT Medco Energi Internasional Tbk. (“MedcoEnergi”) is an integrated energy company with business involvement in oil and gas exploration and production, drilling services, methanol production and most recently, power generation.
In 2004, MedcoEnergi acquired Novus Petroleum Limited – an Australian oil and gas company managing productive fields in Indonesia, Australia, Oman and UAE.
Arrow Global CBM Pty Ltd (“AGCBM”) and PT Medco E&P Indonesia (“Medco”) have signed a Letter of Understanding (“LOU”) for broad ranging cooperation in Coal Bed Methane (“CBM”) in South Sumatra, Indonesia.
Medco is Indonesia’s leading independent Oil and Gas Company with daily production of more than 80,000 barrels of oil equivalent and a market capitalization of more than US$1.2 billion. Medco is also the owner of a number of oil and gas tenements in the South Sumatra Basin in an area that is also highly prospective for CBM. Medco, in conjunction with the government research organization Lemigas, is already conducting a CBM pilot in this area
Under the terms of the LOU:
• An area of approximately 1,200 square kilometres in South Sumatra is defined for mutual cooperation;
• The companies will perform a joint commercial and technical due diligence study of the area;
• Pending the results of the study, Arrow and Medco will finalise a commercial arrangement between the two companies to monetize CBM resources in the target area; and
• It is intended to complete the studies and sign a Joint Venture arrangement by the end of April 2007.
Consultant studies have estimated that the coal resources of the South Sumatra Basin contain up to 120 Trillion Cubic Feet of CBM. Involvement in this basin is a key part of AGCBM’s strategy. This agreement complements the agreement with PT Sugico Graha in the same basin, announced late last year.
It is planned that the AGCBM portfolio together with the existing Arrow India assets will form part of the proposed partial IPO of Arrow International later this year.
Arrow Energy N.L. recently acquired 50% of the issued capital of Arrow Global CBM Pty Ltd, and has a 2 year option to acquire the remaining 50% shareholding.
About PT Medco Energi Internasional Tbk:
PT Medco Energi Internasional Tbk. (“MedcoEnergi”) is an integrated energy company with business involvement in oil and gas exploration and production, drilling services, methanol production and most recently, power generation.
In 2004, MedcoEnergi acquired Novus Petroleum Limited – an Australian oil and gas company managing productive fields in Indonesia, Australia, Oman and UAE.
There was a ferrets stock to watch put out on Arrow this morning. See below. Arrow hit a low of 1.415 this morning and have just hits its 52 week high of 1.50 on a day where the ASX has fallen more than 100 points. See article below. There was more in regards to the SP movements but I havnt added them.
Ferret has often alerted investors to the potential of Arrow Energy NL (ASX:AOE) which is involved in the exploration, appraisal and development of coal seam gas (CSG) projects within Queensland and northern NSW and now around the globe.
The share price has rocketed over the past year and received big push after the company signed two letters of understanding, one with an Indonesian company and another with a Chinese operation. This week the Indonesian deal surfaced with Arrow Global CBM Pty Ltd (AGCBM) and PT Medco E&P Indonesia signing a Letter of Understanding for broad ranging cooperation in Coal Bed Methane (CBM) in South Sumatra,Indonesia.
Medco is Indonesia's leading independent oil and gas company with daily production of more than 80,000 barrels of oil equivalent and a market capitalisation of more than $US1.2 billion. Medco is also the owner of a number of oil and gas tenements in the South Sumatra Basin in an area that is also highly prospective for CBM.
Medco, in conjunction with the government research organisation Lemigas, is already conducting a CBM pilot in this area.
Under the terms of the LOU:
* An area of approximately 1,200 square kilometres in South Sumatra is defined for mutual cooperation;
* The companies will perform a joint commercial and technical due diligence study of the area;
* Pending the results of the study, Arrow and Medco will finalise a commercial arrangement between the two companies to monetise
CBM resources in the target area; and
* It is intended to complete the studies and sign a joint venture arrangement by the end of April. Consultant studies have estimated that the coal resources of the South Sumatra Basin contain up to 120 trillion cubic feet of CBM.
Involvement in this basin is a key part of AGCBM's strategy.
This agreement complements the agreement with PT Sugico Graha in the same basin, announced late last year. It is planned that the AGCBM portfolio together with the existing Arrow India assets will form part of the proposed partial IPO of Arrow International later this year. Arrow Energy recently acquired 50 per cent of the issued capital of Arrow Global CBM, and has a two-year option to acquire the remaining 50 per cent shareholding.
The other development emerged last week with AGCBM and Orion Energy signing a letter of intent for broad ranging co-operation in China. Orion is a US-based privately owned energy company specialising in operations and services, operating solely in China. It is the largest provider of horizontal drilling services to the rapidly growing Chinese CBM industry and is also the owner of two CBM concessions.
Under the terms of the LOI:
* AGCBM and Orion will perform a joint technical and commercial study of two concession blocks in China's premiere CBM basins of Ordos and Qinshu, in which Orion already has 70 per cent upstream working interest. Arrow will earn a 5 per cent share in both of these blocks by virtue of performing the study and will have an option to farm in for a further 25 per cent based on funding a work program to be agreed, up to a maximum of $10 million;
* Orion will act as Arrow's partner and representative in China and will use its significant in-country relationships to help consolidate and grow the combined companies businesses in China; and
* The two companies will look for a broad range of additional opportunities in the CBM industry in China using both companies' extensive data bases and have the intent to grow a significant, multi asset, business together.
It is anticipated that the study phase of the farm-in will be completed within two months. Following successful completion of the farm-in, these assets
will become part of the portfolio of AGCBM. AGCBM is also in the advanced stages of business development in Indonesia and Vietnam and is targeting adding these assets to the portfolio.
Ferret has often alerted investors to the potential of Arrow Energy NL (ASX:AOE) which is involved in the exploration, appraisal and development of coal seam gas (CSG) projects within Queensland and northern NSW and now around the globe.
The share price has rocketed over the past year and received big push after the company signed two letters of understanding, one with an Indonesian company and another with a Chinese operation. This week the Indonesian deal surfaced with Arrow Global CBM Pty Ltd (AGCBM) and PT Medco E&P Indonesia signing a Letter of Understanding for broad ranging cooperation in Coal Bed Methane (CBM) in South Sumatra,Indonesia.
Medco is Indonesia's leading independent oil and gas company with daily production of more than 80,000 barrels of oil equivalent and a market capitalisation of more than $US1.2 billion. Medco is also the owner of a number of oil and gas tenements in the South Sumatra Basin in an area that is also highly prospective for CBM.
Medco, in conjunction with the government research organisation Lemigas, is already conducting a CBM pilot in this area.
Under the terms of the LOU:
* An area of approximately 1,200 square kilometres in South Sumatra is defined for mutual cooperation;
* The companies will perform a joint commercial and technical due diligence study of the area;
* Pending the results of the study, Arrow and Medco will finalise a commercial arrangement between the two companies to monetise
CBM resources in the target area; and
* It is intended to complete the studies and sign a joint venture arrangement by the end of April. Consultant studies have estimated that the coal resources of the South Sumatra Basin contain up to 120 trillion cubic feet of CBM.
Involvement in this basin is a key part of AGCBM's strategy.
This agreement complements the agreement with PT Sugico Graha in the same basin, announced late last year. It is planned that the AGCBM portfolio together with the existing Arrow India assets will form part of the proposed partial IPO of Arrow International later this year. Arrow Energy recently acquired 50 per cent of the issued capital of Arrow Global CBM, and has a two-year option to acquire the remaining 50 per cent shareholding.
The other development emerged last week with AGCBM and Orion Energy signing a letter of intent for broad ranging co-operation in China. Orion is a US-based privately owned energy company specialising in operations and services, operating solely in China. It is the largest provider of horizontal drilling services to the rapidly growing Chinese CBM industry and is also the owner of two CBM concessions.
Under the terms of the LOI:
* AGCBM and Orion will perform a joint technical and commercial study of two concession blocks in China's premiere CBM basins of Ordos and Qinshu, in which Orion already has 70 per cent upstream working interest. Arrow will earn a 5 per cent share in both of these blocks by virtue of performing the study and will have an option to farm in for a further 25 per cent based on funding a work program to be agreed, up to a maximum of $10 million;
* Orion will act as Arrow's partner and representative in China and will use its significant in-country relationships to help consolidate and grow the combined companies businesses in China; and
* The two companies will look for a broad range of additional opportunities in the CBM industry in China using both companies' extensive data bases and have the intent to grow a significant, multi asset, business together.
It is anticipated that the study phase of the farm-in will be completed within two months. Following successful completion of the farm-in, these assets
will become part of the portfolio of AGCBM. AGCBM is also in the advanced stages of business development in Indonesia and Vietnam and is targeting adding these assets to the portfolio.
nizar said:Correct LOL i shouldve checked that first.
A mate of mine loaded up the truck thinking its an imminent takeover after i told him about those 2 trades, damn what am i gonna tell him now
cross trades? Dunworry Nizar he wont lose on AOE. Its broken out on good volume. I think it will continue to run.
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