Australian (ASX) Stock Market Forum

AOE - Arrow Energy

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Look at the buyer depth at the close. Looking extremely bullish for tomorrow. Over 900k shares are wanted 1.49 an up. Hardly any shares on the sell side.
 
I think Arrow have strategically alligned themselves to be a huge company for the future. This year I think has been seen by management to secure as much exploration ground as they can. They have sealed deals with some of the major gas companies around the world forming strong partnerships. There has been an ongoing trend since they secured the CBM Blocks in India. Lots of international activity for Arrow and then they have their Australian assets which are progressing extremely well. Arrow Energy can't do no wrong right now. Below shows some of the major movements they have made internationally.


  • Arrow Wins 3 Blocks in Indian CBMIII Bid Round

The partners involved are as follows

About GAIL: Majority-owned by the Indian government, GAIL (India) Ltd. is India's principal natural gas transmission and marketing company. Its activities encompass gas processing for fractionating LPG, propane, SBP solvent and pentane; transmission of Liquefied Petroleum Gas (LPG); petrochemicals like HDPE and LLDPE; and leasing bandwidth in telecommunications. The company has extended its presence in power, liquefied natural gas (LNG) re-gasification, city gas distribution and exploration and production through equity and joint ventures participations.


About Tata Power: The largest private power utility in India, Tata Power Co. Ltd.’s core business is to generate, transmit and distribute electricity. The company operates in two business segments: Power and Other. The power segment is engaged in generation, transmission and distribution of electricity, while the other segment includes electronic equipment, broadband services, project consultancy and oil exploration.


About EIG: EIG is a privately owned energy asset holding company based in Sweden with energy development subsidiaries active in Asia-Pacific. Associate companies are engaged in oil and gas exploration and production (UK North Sea and Africa) specialising in heavy oil extraction and processing of heavy residues using proprietary technologies. EIG is 35 per cent owned by International Energy Holdings AG of Switzerland.


  • Arrow Takes Strategic Option to Farm-In to Indonesian Coal Bed Methane Projects. (Arrow Energy has reached an agreement with Sugico Graha, PT (Sugico), which provides Arrow with an option to farm-in to twelve of Sugico’s tenements in South Sumatra, Indonesia to earn up to a 65% interest in each.)

  • Arrow Energy taking stake in Global CBM

  • Arrow and Sweden's EIG agreement on Qld gas assets $225 Million Investment Into Arrow CSG Acreage
  • Arrow, Alcan joint study supports Qld plant proposition

  • Arrow Energy to farm into two blocks in China (LOI with Orion Energy for broad ranging co-operation in China.)

  • Arrow in Indonesian coal gas deal
    (Arrow Energy (AOE) and PT Medco E&P Indonesia have signed a Letter of Understanding for broad ranging cooperation in Coal Bed Methane 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 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.)
 
chris1983 said:
I think Arrow have strategically alligned themselves to be a huge company for the future.......]
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You've got to love Arrow. I do.....the only mistake I did was not buy enough of it....did you see that million dollar trade...its still on the market.....the confidence shown in this company is growing by the day
 
LifeisShort said:
You've got to love Arrow. I do.....the only mistake I did was not buy enough of it....did you see that million dollar trade...its still on the market.....the confidence shown in this company is growing by the day
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Thanks for the great posts in here Chris, and the comment in the other thread. Another opinion on MEL and the like will be more than appreciated.

Life, I bought in again this morning. I realise it's unlikely to come back down to these levels even if we see another drop. The only thing that concerns me is that the chart is looking rather vertical. I would like to see some sideways movement with big volume, rather than it getting over-extended. I really do like this stock though, have been a big fan (just wish I'd had the funds when I first spotted it :( ) and it is just about my only set in stone long termer right now.

CSM stocks seem to be a really good place to be right now (QGC the only lagger). Check out the potential breakout thread if you're interested in some others.
 
Had a read through this thread for the first time, reads a lot like BMN in the early days.
Well done Chris1983 and the rest, you guys certainly ride them out from start to finish bouncing your fundamental views along the way :).

AOE looks like a bagger.
 
chops_a_must said:
Thanks for the great posts in here Chris, and the comment in the other thread. Another opinion on MEL and the like will be more than appreciated.

Life, I bought in again this morning. I realise it's unlikely to come back down to these levels even if we see another drop. The only thing that concerns me is that the chart is looking rather vertical. I would like to see some sideways movement with big volume, rather than it getting over-extended. I really do like this stock though, have been a big fan (just wish I'd had the funds when I first spotted it :( ) and it is just about my only set in stone long termer right now.

CSM stocks seem to be a really good place to be right now (QGC the only lagger). Check out the potential breakout thread if you're interested in some others.
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Hey Chops. My dad owns MEL from 60 cents. Looks good. Congrats with them. I have to read further into them before I make comments. I'm thinking of jumping onboard from the little bit of knowledge I have read about them. I'm a little bit annoyed with MPO because I liked them ever since the BHP guy joined the company. I knew the BHP CBM expert wouldnt go into them for nothing. Theres money to be made in CBM for sure.. but Arrow is the best in regards to international projects.

I just went onto the Arrow website and there is a recent report released by Wilson HTM Investment Group on the 12th of March with a buy out on Arrow at 1.37. The report is an excellent read for those who want an in depth overview of what Arrow have. There is a nice Tenure Map image showing the acreage Arrow have an interest in and its fair to say they have a huge acreage in Queensland for their CBM projects.

See the link to the report below

http://www.arrowenergy.com.au/documents/819.pdf
 
Freeballinginawetsuit said:
Had a read through this thread for the first time, reads a lot like BMN in the early days.
Well done Chris1983 and the rest, you guys certainly ride them out from start to finish bouncing your fundamental views along the way :).

AOE looks like a bagger.
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Thanks Freeballing. Yeah..have to try and find one you can keep over a year. Dont want the government taking that 30% TAX off me :)
 
nizar said:
Breather b4 the next leg up?
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Probably. Investors are still buying at these levels so its good. Consolidation around this price is healthy but the usual trend over the past week has been early retraces from profit takers and then it pushes upwards later in the day. Be interesting to see if it can keep up the momentum.
 
chris1983 said:
Probably. Investors are still buying at these levels so its good. Consolidation around this price is healthy but the usual trend over the past week has been early retraces from profit takers and then it pushes upwards later in the day. Be interesting to see if it can keep up the momentum.
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Yeah, looks to be setting up the low 1.50s as really good support. Quite healthy I think. Pretty much what I wanted when I posted above. And more really good news today.... again:

Arrow and Beach boost Braemar gas sales

Monday, 26 March 2007

THE Tipton West coal seam methane joint venture, operating in southeast Queensland, has signed a heads of agreement with the Braemar Power partners to increase gas supply by 4 petajoules over 15 years.

Operator Arrow Energy today said under the revised gas sales agreement, the Tipton West JV will supply 10PJ per annum, rather than the 6PJ per year previously agreed upon. This equates to a total supply of 150PJ.

The Brisbane-based company said the JV, which is a partnership between Arrow and Beach Petroleum, also has additional gas put option arrangements with the Braemar Power partners, which allow it to supply up to a further 7.3PJ per annum.

The parties expect to finalise amendments to the existing gas sales agreement by mid-April.

The Tipton West JV began gas supply to the Braemar Power project's 450MW gas-fired power station in early February.

Arrow said the latest increase in firm gas sales to Braemar effectively replaces the conditional gas sales agreement with Ergon Energy, which will no longer proceed following the Queensland Government's sale of the retail business of Ergon.

"The additional firm gas sales to Braemar Power Partners is to an existing customer, [so it] requires no new capital expenditure or infrastructure and delivers sales revenue earlier than would otherwise have been the case compared to the previous Ergon agreement," the company said.

Arrow holds 60% in the Tipton West JV; Beach Petroleum holds the remaining 40%.
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Golden eggs anyone?
 
laurie said:
Market not happy with news for some unknown reason :rolleyes:

cheers laurie
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Sales of gas in Queensland, or Australia for that matter, are not all that good as the price is very low compared to world pricing. AOE's past price rises are mainly due to the overseas potential. The local sales do provide a sound base. That is how I see it.
 
nioka said:
Sales of gas in Queensland, or Australia for that matter, are not all that good as the price is very low compared to world pricing. AOE's past price rises are mainly due to the overseas potential. The local sales do provide a sound base. That is how I see it.
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yeh good point nioka I noticed that India price is heaps more than Qld hence why AOE is there and really that was Santos motive in the first place for QGC so why is it low too much gas, too many players, or Government controlled

cheers laurie
 
Announcement out. Headline below.

44% Increase in 2P Gas Reserves

I havnt seen the actual announcement yet but the headline itself looks great :) Should see some movement today i would think with this news.
 
chris1983 said:
Some big players coming into Arrow again.

1.71 and rising. This is great to watch.
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I think we are getting close to the magic $1 billion valuation for Arrow.....those who stuck with it from early days would be crying by now. What a fabulous story....and more to come
 
LifeisShort said:
I think we are getting close to the magic $1 billion valuation for Arrow.....those who stuck with it from early days would be crying by now. What a fabulous story....and more to come
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Yah, this is beginning to look like an absolute goliath of a company. I am really surprised no one has looked at taking this one over (not that I want them to), but surely it is still trading at a massive discount to its actual worth.

They may even look at taking out some other companies if they become cashed up from some of their sale agreements.
 

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