AUT - Aurora Oil and Gas
- Thread starter nioka
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I'm in the buy queue this morning.. but its jumped so much already! i might not get my price and have to adjust at this rate.. need to top up asap!
I hope it will drop back below .60 today!! just to get my buy in!
I hope it will drop back below .60 today!! just to get my buy in!
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hilcorp have just nailed a 5000 foot lateral into the eagleford in record time with turnbull 1
cant see that news being a negative
cant see that news being a negative
You cant have your cake and eat it at the same time. To be honest i wish i could of dumped my adi this morning to buy more aut at 61c... oh well
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haha i know, i'll be patient and watch is come back down after the rush in this morning.. pity Adi is on hold would be a good move..
i'll settle for .60c for now and see when it comes thru..
Condog, maybe some daydreamers sold at 0.680c per share and are rebuying in after consolidation kicks in
Condog, maybe some daydreamers sold at 0.680c per share and are rebuying in after consolidation kicks in
Maybe but if it kept going above .68c when you sold what would you do then?
Chase it & buy it back or just watch it keep going up in value until one day you look back and " Yep i had them shares but sold them at .68c & now they're $5.00 oh well "
Been there & done that. eg AOE
This thread is starting to gain more popularity over ADI and with it's larger growth potential i would say it will stay that way.
Maybe but if it kept going above .68c when you sold what would you do then?
Chase it & buy it back or just watch it keep going up in value until one day you look back and " Yep i had them shares but sold them at .68c & now they're $5.00 oh well "
Been there & done that. eg AOE
This thread is starting to gain more popularity over ADI and with it's larger growth potential i would say it will stay that way.
Things are always clear in hindsight but i didnt think the sp would keep climbing without any additional information e.g. frac results. Plus i'm certain i'd still be able to buy in below $5.00 haha
Inside imformation and factors could have seen sp rise higher than .68c.
I've seen this happen before as many of you would.
You are talking in hindsight.
What if you had sold at 60c & it never got below that price again & say tomorrow it opened up at 70c. Would you buy the same amount of back at 70c?
Sure you could buy back under $5.00 but what would it have cost you in the meantime?
Looking at the news releases, which sometimes give precise dates for spudding and completion, but not always:
Easley - 55 days (3,000 ft lateral)
Morgan - 34 days (5,000 ft lateral)
Rancho - 28 days (ditto)
Turnbull 1 - 26 days (ditto)
The AUT presentation (3rd March) suggested drilling of about 15 new wells in 2011. At their current rate of drilling using 2 rigs, 8 months of 2010 remaining and Turnbull 2 already under way, it looks as though they could complete the 2011 drilling by the end of this year. No wonder that EME & ADI are raising additional capital.
Easley - 55 days (3,000 ft lateral)
Morgan - 34 days (5,000 ft lateral)
Rancho - 28 days (ditto)
Turnbull 1 - 26 days (ditto)
The AUT presentation (3rd March) suggested drilling of about 15 new wells in 2011. At their current rate of drilling using 2 rigs, 8 months of 2010 remaining and Turnbull 2 already under way, it looks as though they could complete the 2011 drilling by the end of this year. No wonder that EME & ADI are raising additional capital.
I suppose you are correct, i am still a relatively new investor so i've much to learn! However in my own opinion it was worth consolidating my own gains for the time being
esteon - i agree they are drilling at a frantic pace, wonder whether the drill rigs will be palmed off to other hilcorp acerage by july or whether they will stay and keep drilling.
They need to pick up the pace of fracs with two crews if they want to advance proceedings, as its no use paying for 20 drills and only having 5 fracced.
I really dont think AUT will cap raise unless there has been some monumental change of plans. I have contacted the company twice and both times they have confirmed they can most likely meet drilling schedule with no or extremely minimal capital requirements. Debt facility is preferable for any short term issues in 2011.
And personally hating CR's i see that in this particular case ROI is so great a CR could actually substantially benefit shareholders if timed correctly.
They need to pick up the pace of fracs with two crews if they want to advance proceedings, as its no use paying for 20 drills and only having 5 fracced.
I really dont think AUT will cap raise unless there has been some monumental change of plans. I have contacted the company twice and both times they have confirmed they can most likely meet drilling schedule with no or extremely minimal capital requirements. Debt facility is preferable for any short term issues in 2011.
And personally hating CR's i see that in this particular case ROI is so great a CR could actually substantially benefit shareholders if timed correctly.
I'm guessing but the plans appear to have changed. That seems to be the message from EME and ADI capital raisings. EME made specific reference to funding of its 3% WI..
The talk is that ADI are courting a gilt-edged investor. Guesswork again, but if that is a holder for value and dividends its competitors could be attracted in making a whole new market for the shares. AUT shouldn't miss out on that. Besides which, AUT is expecting to raise more capital to meet its obligations of 25% on Longhorn and 30% on Ipanema once the free-carry wells are drilled and the programme ramps up. This seems to be developing into a whole new ballgame.
Hilcorp has shown no inclination to dither about - far from it. If the JVPs are talking about further drilling on S/L it doesn't look like the rigs moving off elsewhere. I don't quite agree about the fracs - they need a lot of water for a 5,000ft multi-stage - they need to drill for that and collect it before they can commence operations.
The talk is that ADI are courting a gilt-edged investor. Guesswork again, but if that is a holder for value and dividends its competitors could be attracted in making a whole new market for the shares. AUT shouldn't miss out on that. Besides which, AUT is expecting to raise more capital to meet its obligations of 25% on Longhorn and 30% on Ipanema once the free-carry wells are drilled and the programme ramps up. This seems to be developing into a whole new ballgame.
Hilcorp has shown no inclination to dither about - far from it. If the JVPs are talking about further drilling on S/L it doesn't look like the rigs moving off elsewhere. I don't quite agree about the fracs - they need a lot of water for a 5,000ft multi-stage - they need to drill for that and collect it before they can commence operations.
The water needs to be part of there plans, as i say, no use having 20 drilled and 5 fracced, its just wasted money on holding inventory. No different to unsold items sitting on shelves in the manufacturing or retail sectors.
Its a game of very limited capital and we need every dollar of CAPEX and OPEX to produce dollars in revenue in the shortes space of time. doesnt matter as much right now , casue Hilcorp have paid, but once we are paying we will notice the difference when cashflow is tight.
for the benefit of EKA, ADI, AUT future wells beyond the free carried ones need to be an almost seemless process of drill frac sell, with minimal waiting in between, or hilcorp will find itself with rigs sitting around and the 3 partners have no capital for CAPEX.
Are you an english proffessor lol. "as much" = as much = quiet as much as other times = perhaps more later = more pressing at a later date.
I didnt mean it literally, just relatively. No wonder everyone throws there gerkins away. Jus kidding . all good.
Condog,
I prefer to read,interpret and create my own outcomes.
I enjoy your posts so continue to fuel peoples thoughts.
The eagleford has already created 7 digit gains for me courtesy of some very knowledgeable posters.
The play is still in its infancy and there is plenty more to come.
All the best.
I prefer to read,interpret and create my own outcomes.
I enjoy your posts so continue to fuel peoples thoughts.
The eagleford has already created 7 digit gains for me courtesy of some very knowledgeable posters.
The play is still in its infancy and there is plenty more to come.
All the best.
