AUT - Aurora Oil and Gas

[condog]

Imagine being a shipping, trucking or airline company, and having to secure oil futures to ensure you can continue your business. Someones going to miss out on oil, who will it bee and how much are they willing to pay. cause thats the baseline for future oil prices.

I know i will be willing to buy petrol at any price, but obviously i will have to cut back use to the level i can afford. Likewise many millions of people. It wont be us who misses out , it will be poorer countries that will be wiped form the face of the earth, with no fuel to produce food, transport food etc etc.

Its a sickening thought really. Ideal for oil stocks, but horrible for humanity.

If i was a western govt , like Australia, i think i would be investing heavily in renewable and non black carbon fuels to ensure the viability of the nation going forward rather then applying an ill concieved tax for the redistribution of wealth from middle income earners to bludgers.

Every house would have solar and every bus would be on natural gas. Id be building bus lanes and two way rail lines for mass transport on green energy rather then new freways for single and double passenger vehicles, that only add to congestion and produce high per passenger black carbon pollution. .

Well worth a read


http://www.smh.com.au/environment/c...tants-would-halve-warming-20110224-1b77n.html

 

[BrightGreenGlow]

not with energy demands expected to double by 2050.. that being said.. the increased consumption every year cannot solely keep up with more oil imo.. that's a big reason why so many companies (shell, exxon etc) have pumped billions into renewable resources.

nothing to worry about, these companies already know how to sustain ourselves on renewable energy, they have bought out every idea and once oil does run low they will still remain the global players. I wouldn't be to concerned condog. I would be concerned in another 15 odd years changing from your oil shares to renewable energy stock. The people who control the majority of the wealth/power in the world already have this all mapped out so that they retain wealth/power.

 

[shanti]

"Every house would have solar and every bus would be on natural gas. Id be building bus lanes and two way rail lines for mass transport on green energy rather then new freways for single and double passenger vehicles, that only add to congestion and produce high per passenger black carbon pollution. .

Well worth a read


http://www.smh.com.au/environment/c...tants-would-halve-warming-20110224-1b77n.html[/QUOTE]"

Great post Condog,
if only the wisdom and courage to act were there and less dinosaurs amongst politicians
great things could be achieved. Aut well positioned to draw on its gas reserves when transition to cleaner energy begins.

 

[sparkie]

most likely they will just start releasing this guys inventions!




great thread btw!!! wish I picked up AUT sooner!!

 

[AngusSmart]

Nikola Tesla.. the true genius!! he did so much yet was so unknown!



I've just put one of my cars onto E85.. 90 more hp, more timing, double the boost, no more detonation worries, still get 300-450 out of a 55l tank (right foot dependent)

whod have known you could run your car on 85% sugar..

now i am really hedging my bets with oil

 

[poverty]

whod have known you could run your car on 85% sugar..

It's a great solution, the poor starve so we can keep driving and we get peak food AND peak oil

 

[condog]

Update out
60 day flows for Turnbull 4 and incredible 1278boepd
Franke 60 day flow 759

Sienkewiecks 30 day flows at 796 boepd

first well on Excelsior spudded which will be very interresting.

All great news for AUT.

 

[estseon]

It's a great solution, the poor starve so we can keep driving and we get peak food AND peak oil

And the remaining forests will be cut down to replace the productive acreage being used inefficiently to grow biofuels. Sounds like a solution that is sufficiently daft to be attractive to politicians and the media.

So, the poor starve anyway because they can't afford the prices, and the developed economies + China soak up all of the resources whilst the planet becomes covered with agriculture and cities.

Better not to dwell on the future. Whilst global population is allowed to escalate there is a disaster waiting in the scenes to happen.

On the home front, the dribbling away of the AUT price is a bit dispiriting but there's not much volume. The TSX price at the time of posting is up at $3.23 but volume is only 221k. I suspect that there may have been some top-slicing to invest in other stocks.

Despite the cold water poured by AUT on the possibility of higher EURs, its December quarterly report contains a comment on the disparity between EURs used by EOG and those used last July for wells in the oil window. EOG is using a figure about 23% greater.

CMG also pointed to the 'uphole Austin Chalks' potential, implying that the valuation does not currently reflect the reservoir that TCEI said at first that it was targeting. And, there must be some uplift in the assumed price of oil. Well worth holding firm until the publication, in my view.

 

[shanti]

It's a great solution, the poor starve so we can keep driving and we get peak food AND peak oil

I thought ethanol was a biproduct of sugar production (not taking anything from the hungry). Might be wrong, please correct me.
In any case petrol stations not selling blends in Melbourne. To be precise I suspect there's got to be some selling somewhere but I haven't seen it in years (Southern Metro). Not like other States.

 

[AngusSmart]

Corn, sugar, potatoes and more others.

 

[McCoy Pauley]

I thought ethanol was a biproduct of sugar production (not taking anything from the hungry). Might be wrong, please correct me.
In any case petrol stations not selling blends in Melbourne. To be precise I suspect there's got to be some selling somewhere but I haven't seen it in years (Southern Metro). Not like other States.

United Petroleum servos sell unleaded petrol-ethanol blends in Melbourne. I regularly fill up my car with blended petrol at a United servo primarily because they're consistently cheaper than most other petrol servos.

 

[golfmos123]

I thought ethanol was a biproduct of sugar production (not taking anything from the hungry). Might be wrong, please correct me.
In any case petrol stations not selling blends in Melbourne. To be precise I suspect there's got to be some selling somewhere but I haven't seen it in years (Southern Metro). Not like other States.

Ethanol in Australia is either made by CSR (Sucrogen if you prefer) from molasses (a byproduct of the sugar manufacturing process which does not impact on food vs fuel debates) or by Manildra from wheat starch which you could argue takes something out of the food bowl.

Either way, future ethanol production is going to be based on plant sources which are not foods, so it will be a dead argument eventually IMHO.

 

[bennywizard]

Either way, future ethanol production is going to be based on plant sources which are not foods, so it will be a dead argument eventually IMHO.[/QUOTE]

However the land that that is used to grow anything inedible or or for fuel is land that COULD have been used to grow edible crops, so unless you can use otherwise unusable land that does not require irrigation it does not seem to be such a great plan.

Re AUT share price, its looking to be an excellent top up opportunity, so close to the major reserves announcement that should see us crack $3.50 by the end of march
Just an opinion of course but I'll be surprised if it does not happen. Interesting to see EKA up today, presumably in anticipation of the same reserves report.

 

[BrightGreenGlow]

Either way, future ethanol production is going to be based on plant sources which are not foods, so it will be a dead argument eventually IMHO.

However the land that that is used to grow anything inedible or or for fuel is land that COULD have been used to grow edible crops, so unless you can use otherwise unusable land that does not require irrigation it does not seem to be such a great plan.

Re AUT share price, its looking to be an excellent top up opportunity, so close to the major reserves announcement that should see us crack $3.50 by the end of march
Just an opinion of course but I'll be surprised if it does not happen. Interesting to see EKA up today, presumably in anticipation of the same reserves report.[/QUOTE]

Very true... everything AUT comes close to $3 again to surges back to $3.30+ to make a new high... just check the charts.. I see this as a top up too and if I had a spare few grand I would chuck it in the mix again. Still like condog has said.. lots of good news coming

 

[dashwood]

Hope we aren't seeing a spate of buy on the ASX and sell on TSX .Seems to be a fair disparity between the prices and with one stand out seller on TSX by look of it. Not sure why EKA should see the benefit of a pre-empting of report when AUT doesn't!
Holding for now but the excitement is waning. Aut price looking like a cyclic roller-coaster this month if with a slight up trend.

 

[condog]

Consolidation is very healthy, the reserves report will trigger a spate of buying imo to a new high. yesterdays update which was brilliant was ignored, the TSX listing so far hasnt been a price trigger, but it has fomred a good resistance for canadian buyers above the $3.12 mark.

 

[Sharejon]

I think EKA was just making up for lost ground, due too it lagging considerably over the last few months.

Also if it was due to the up and coming reserves report, the talk about AUT's reserves report has been going on for a long time now, and only in the recent presentation has EKA eluded to this.

Maybe some less knowledgable investors were not aware of the reserves report affecting EKA.

Hopefully the reserves report can be released late by friday this week or early the week after. It should certainly give AUT/EKA a move along from the current prices.

 

[condog]

I think EKA was just making up for lost ground, due too it lagging considerably over the last few months.

Also if it was due to the up and coming reserves report, the talk about AUT's reserves report has been going on for a long time now, and only in the recent presentation has EKA eluded to this.

Maybe some less knowledgable investors were not aware of the reserves report affecting EKA.

Hopefully the reserves report can be released late by friday this week or early the week after. It should certainly give AUT/EKA a move along from the current prices.

Yeh it should certainly provoke some action on the big end of town, to whoom reserves mean everything. A companies reserves are its lifeline to the future.....

 

[estseon]

There seems to be a correlation between volume and share price surges. The Step ups in price are driven by buying whereas the drifting down is on the back of volume of less than 50% of that driving the surges. It suggests that a proportion of the buying is by investors who are happy to hold until the real value starts to become reflected in the price.

There were Canadians buying at C$3.60 on the first day of trading on TSX.

 

[condog]

Tw new well apps in

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