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ARQ - Arc Energy

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"gas sales agreement (GSA) with Alcoa Australia for the delivery of up to 500
petajoules of gas from future discoveries on ARC’s interests in the onshore Canning Basin has now been completed. ARC has now received the A$40 million prepayment from Alcoa. These funds will be used to accelerate ARC’s regional Canning Basin exploration program"

This is very incouraging for ARC and their partners..

benwex
 


Hi folks,

ARQ ... expecting some positive news and a rally, as
3 positive time cycles fall into place, on 18092007 ...

http://www.incrediblecharts.com/forums/messages/8/arqupdate14092007-1227445.pdf

From previous significant aspects (Neptune retro cycles),
we can project an expected price on 31102007, at around
$1.53 (or possibly $1.71)... same as, on other previous
Neptune stations, marked by the black dotted vertical lines.

have a great weekend

paul



=====
 
That coincides with some drilling the in the Valentine target formation. I hope you're right Paul. Too wireless for wirelines or DST. More HC shows in the mud i guess.
 



Hi folks,

ARQ ..... nice spike comes in, right on TIME ... !~!

happy days

paul

P.S. ..... holding ARQ



=====
 
Would have been nice for V1 to have found something, still not to worried as SB1 is 100% ARQ, V1 was 33% ARQ interest, both with similar estimates in P10 reseves. Quiet obvious its better for ARQ to hit pay dirt in SB than V1. Sound like promosing mud shows they encountered in the formation that SB will be targeting, while they where drilling V1.

Its comming crunch time for ARQ. If SB is a flop then there will be a alot of non believers around for the canning drilling programme. It may be that Sugarkane via ADI will be ARQ's saviour......
 
cicak_kupang said:
Would have been nice for V1 to have found something, still not to worried as SB1 is 100% ARQ
Click to expand...
Stokes Bay isn't 100% ARQ - PCL, EGO, EMR & FAR all have an interest. ARQ's interest in SB is similar to their share of Valentine.

V1 was 33% ARQ interest, both with similar estimates in P10 reseves.
Click to expand...
Valentine p10 = (1091bcf gas & 19mill barrels of condensate) or (200mmbo)
Stokes Bay p10 = (158 bcf) or (10.3mmbo)

Quiet obvious its better for ARQ to hit pay dirt in SB than V1.
Click to expand...
Nup.

Sound like promosing mud shows they encountered in the formation that SB will be targeting, while they where drilling V1.
Click to expand...
It's possible. See this below from ARQ.
 

Attachments

  • stokesbay.GIF
    115.6 KB · Views: 338



Hi folks,

ARQ ..... looking good, ahead of an expected strong finish to October 2007 ...

happy days

paul

P.S. ..... holding ARQ.



=====
 
Hi does anyone know when can we expect drilling results from Stokes Bay? any links or references will do, cheers.
Arc did mention that the drill would take 15 days to complete, it commenced on the 3rd Oct, therefor tomorrow being the 18th an announcement should be made? Now i think about it they did run into some trouble mentioned on the 11th so possibly expect some news mid next week?
 
Spoke to Bob Berven from EMR yesterday and he said that there will be a report out today mid morning which should have the answers.
 
Thanks, Paul... Yes, ARQ is now in a trading halt.

As for AZA, how are they looking?...I'm just starting to research them now.
 
The interesting part in this probable merger is will Anzon's intention to pay dividends rub off on ARQ or will the no dividends\invest in prospecting attitude of ARQ dominate after the merger. I sold out of ARQ because I believed that any profit they made would be spent on an increasing search for gushers until they eventually went the way of the dodo.
 
Surely a small oil company like AZA/ARQ is better off not paying dividends from a shareholder's point of view? What paying dividends says is that the company believes the individual investor can get a better return than they can - meaning either they aren't confident of their abilities or don't have enough interesting dirt to drill. I have some ARQ, mainly for the oil prospectivity of the Southern Canning. Perhaps the merger will give ARQ access to the capital they need to advance their drilling program?
 

Only if you only want long term growth and not investment income which has tax credits. Some of us, a lot of us in fact, need investment income. It may be OK if arq kept finding plenty of oil but they are only just keeping pace with declining productivity. They could end up worth zilch if they don't keep finding more oil and gas. The directors and staff get paid, shareholders are entitled to some payment too.
They could always have a dividend reinvestment plan for those that way inclined.
 
SYDNEY (Dow Jones)--Anzon Australia Ltd. (AZA.AU) said Wednesday its board will unanimously approve a takeover bid from ARC Energy Ltd. (ARQ.AU).

ARC is offering either 1.175 of its own shares for each Anzon share, valuing the company at A$708 million, or a combination of cash and shares, the companies said in a joint statement.

"In the absence of a superior proposal, and subject to the independent expert concluding that the merger is in the best interests of Anzon shareholders, the Anzon board intends to recommend that Anzon shareholders vote in favor of the merger," the statement said.

That gives 5% premium to Aza holders who can choose to get either all cash, all shares or a bit of both.

Who is the winner here?
 
found the comment by ES in the latest open briefing:

"We are
getting some very good early encouragement in the Canning Basin."

I guess we know more about tomorrow lunch time.
 
Have been taking a closer look at ARC lately, the merger looks like it could create some real synergies and value for shareholders. The only thing holding me back at the moment is no proven discovery in the Canning Basin as yet, but maybe why it is worth jumping in for, looks highly prospective and has been largely untouched. Another benefit is that investors don’t seem to have priced in much of an exploration premium, which means that any medium sized, future discovery would push the SP northward. Will definately keep it on the watch list!!
 
As someone who has held a fairly large chunk (relative to my portfolio) of Anzon shares, I'm pleased the merger looks like going ahead. Anzon has been something of a white-knuckle ride this year - I bought in at $1.34, then a gas deal in Tasmania fell through, one of their two ships in Bass Strait got knocked around in a gale, and finally a shackling pin broke on their single pipeline. The share price fell below $1 at one point. Anzon have a courageous (in the Yes Minister sense of 'a courageous decision, Minister') little operation featuring one ship which acts as a rig and another ship which loads up with oil and trundles back and forth to Singapore. I was a bit unwise to load so much money into a stock which came unstuck (literally) when a single shackling pin broke. I don't know much about ARC but a merger will at least spread a bit of risk around.
 
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