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So whats the market cap of AZZ at these current prices? And whats their earnings from these 2 wells?

Cant do calcs cause im at work.
 
prawn_86 said:
So whats the market cap of AZZ at these current prices? And whats their earnings from these 2 wells?

Cant do calcs cause im at work.
Click to expand...

market capital $10.87m at previous close $0.06c
52 week low $0.05 with 52 week high $0.60c . Aspect earnings model 0.66 (values under 1 are consider undervalued) . New management.
Average production Harrison 2 253 Bbls/d 818 Mcf/d
Outlar 1 production average 145 Bbls/d and 2.277m cf/d

the above postings have pointed out in my opinion discrepancies of company announcements which I think have been played down .

I would not give a horses ass if you gave this a miss , however all of my postings have been factual without emotional bull**** and this is what I personally think about AZZ.
 
So they are making about $4.5mil a month gross? Thats pretty damn good for a MC of 10mill!

What are their costs at? Or is it unknown cause its new operations?
 
prawn_86 said:
So they are making about $4.5mil a month gross? Thats pretty damn good for a MC of 10mill!

What are their costs at? Or is it unknown cause its new operations?
Click to expand...

The actual point was , for Cruickshank to earn his performance rights at my guess is to ring CICO Oil and Gas Company and say "open the tap" on Outlaw 1 and ring Slawson Exploration and say "open the tap" on Harrison 2 .

Note Harrison 2 was restricted due to storage issues. If storage issues are now sorted then so is the restriction.
 
seasprite said:
The actual point was , for Cruickshank to earn his performance rights at my guess is to ring CICO Oil and Gas Company and say "open the tap" on Outlaw 1 and ring Slawson Exploration and say "open the tap" on Harrison 2 .

Note Harrison 2 was restricted due to storage issues. If storage issues are now sorted then so is the restriction.
Click to expand...

good posting and brings lot of thoughts.
AZZ has been constantly rising which probably says something :confused:
I do not hold AZZ (disclaimer) :banghead:
 
seasprite said:
The actual point was , for Cruickshank to earn his performance rights at my guess is to ring CICO Oil and Gas Company and say "open the tap" on Outlaw 1 and ring Slawson Exploration and say "open the tap" on Harrison 2 .

Note Harrison 2 was restricted due to storage issues. If storage issues are now sorted then so is the restriction.
Click to expand...

Miner said:
good posting and brings lot of thoughts.
AZZ has been constantly rising which probably says something :confused:
I do not hold AZZ (disclaimer) :banghead:
Click to expand...
Well maybe that post brings thoughts, but more along the lines of: get real please. Effectively he's accusing a director of fraudulent activity. The hurdles for the performance rights are a long way from being accomplished. And JC has put a substantial amount of his own money in the company.
 
rub92me said:
Well maybe that post brings thoughts, but more along the lines of: get real please. Effectively he's accusing a director of fraudulent activity. The hurdles for the performance rights are a long way from being accomplished. And JC has put a substantial amount of his own money in the company.
Click to expand...

Hi Rub92me

Since you have asked for real whose email between the two quoted by you actually accused any of the director or J Cruikshank ?

Are you a holder ? why not disclose your interest as well ?

Every promoter uses his or her money in an organisation. But that does not leave him or her being accountable when public fund is used.

ANy way I was not accusing any one nor I think SeaSprite was either.

Take it easy before getting too excited ;)

disclosure: I have bought some AZZ yesterday 5 Nov
 
MC is not all to see tho.... they owe about $20M in convertable notes too. Not sure if any other debt apart from the c.n.

prawn_86 said:
So they are making about $4.5mil a month gross? Thats pretty damn good for a MC of 10mill!

What are their costs at? Or is it unknown cause its new operations?
Click to expand...
 
rub92me said:
Well maybe that post brings thoughts, but more along the lines of: get real please. Effectively he's accusing a director of fraudulent activity. The hurdles for the performance rights are a long way from being accomplished. And JC has put a substantial amount of his own money in the company.
Click to expand...

Since I posted my earlier message I visited the company website to see how much JC owns. He owns 3.83% (6.5 million) of share capital and one of the top twenty

In current market price of 7.6 cents his worth of holding is $499,200 only.

By performance rights in 2007 itself he was eligible for 800000 shares = 12.31% more than any bank interest considering his investment was 6.5 m shares in 2008. So actually it was more than 14.04% return with performance shares alone plus salary , sitting fee etc in 2008 he got another $500,000 !!!.

So I think he got more than 100% of his investment any way. Who is sheding crocodile's tear for JC ?

He is not however declared as a substantial share holder.

He is not one of the top 20 convertible note holders either.
 
rub92me said:
Well maybe that post brings thoughts, but more along the lines of: get real please. Effectively he's accusing a director of fraudulent activity.
Click to expand...


AZZ have not mislead the market , they have just not released the huge potential of Outlaw 1 and Harrison 2 in my opinion as of yet.

If I were to present to you an imaginary company with a well that was producing 10bopd with 100 Mcf/d through a 4/64th" choke that was periodically blocking , most would possibly dismiss it as a good investment , some would not. (I have not , I have noted it.)

I monitor 50 ASX Oil & Gas companies.
I know at a glance what all their permits are and where they are. Their drilling success/failures , size of prospect , who they partner with and percentages . whether wells are online or cased and suspended . Drilling schedules , top 20 shareholders of the majority , changes over the year and when they changed, shares on issue etc. Cashflow and debt and more importantly notes on drilling results from company announcements and whether I think there is potential , so in saying that I have waited for AZZ to increase its cashflow (which it now has) and next wells due to spud (WW_3 , Harrison 3).

And the plain fact is , West Wharton has great potential , with Outlaw 1 , unfortunately Stewart 1 missed the main target by few hundred feet.

Oyster creek too also has great potential with Harrison 2 and hopefully harrison 3 will give it more. But as I said Harrison 2 has storage issues.

I fail to see where I have accused a director of fraudulent activity , I have pretty much stated he will have an easier job of achieving his performance rights.
 
I have been in and out of AZZ over the years and have followed them for a while. You can check up the history in this thread. I don't currently hold.
I'm not saying that things aren't looking promising for AZZ. I think JC has done a good job in clamping down on expenses and securing positive cashflow, after their ambitious earlier plans went astray. What you have to keep in mind though is that AZZ's shareprice is now a fraction of what it was, and JC has lost a lot of money as a result. Sure, he got options and performance rights, but that's not making up a +90% slide in shareprice.
My gripe was with the following statement by seasprite:
The actual point was , for Cruickshank to earn his performance rights at my guess is to ring CICO Oil and Gas Company and say "open the tap" on Outlaw 1 and ring Slawson Exploration and say "open the tap" on Harrison 2.
Click to expand...
. To me that sounds like inferring that JC has not been transparent to shareholders in his actions to improve production.
Apologies if I have offended anyone.
 
Im not offended thanks , in fact , I am trying to buy some more , that's me at 6.4c , I was hoping for some fear today but no such luck yet.
 
Appear to have good 3D coverage over southern portion of the yellow rose permit.
refer to the AZZ good oil conference Sept 2&3 2008 presentation

approx google earth coordinates of permit 28 23 53.91N 98 38 20.64 W
refer pages 30 & 31 for comparison

extract -

•Spud of first Yellow Rose well expected in 4Q2008.
•1st well to be a vertical test to approximately 12,000’
•Extensive coring and logging suites will be run to further study reservoir development
•Determine if vertical or horizontal well bores will be needed to develop field
•Generate field development plan to maximize NPV
 
Natural Gas weekly Update (extract from)
Since Wednesday, October 29, natural gas spot prices increased at most markets in the Lower 48 States outside the Midwest, Northeast, and Alabama/Mississippi regions, with gains of up to $1.26 per million Btu (MMBtu) in a week of highly variable prices. Prices at the Henry Hub rose 36 cents per MMBtu or about 5 percent, to $6.94 per MMBtu.

today's AUD/US Ex rate = 0.6848 (from daily Fx) , obviously makes Australian producing companies in the US far more favorable to those producing in Australia.

refer http://www.nymex.com/ng_fut_cso.aspx for US gas rates.
 
It was better than expected. Thanx to doller exchange rate.
if oil proce go back to 50-60cents company will be in good position.
Considering oil price is bottom now and will go up for sure this year this company wil be all right and way better position than other companies,
stable oil and gas keep coming and stewart-1 will be commenced next month:)
 
must admit , I do like the the quote " A successful Stewart-1 sidetrack would dramatically increase the rate of Antares’ reserves, production
and revenue growth."
 
Another reason I like this company is AZZ has very good history of making big wave and explore like 400%-600% up and does not stay at the bottom for long time.
Hope next one is due soon.
I'm sure many people who invest to oil and mining company dream about it, who would not.:)
 

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