BOW - Bow Energy

grace · 25 August 2009

Hello Dukey, well just why have I been avoiding this one. I'll be on board soon.....
Reserves picking up and drilling results look sound. Targets nice. This one left me at the train station I'm afraid.

Dukey · 25 August 2009

grace said:
Hello Dukey, well just why have I been avoiding this one. I'll be on board soon.....
Reserves picking up and drilling results look sound. Targets nice. This one left me at the train station I'm afraid.

Grace and Jaks - ... Yup ... Yup. I've bought a few more in the last week or so. and will look for any retrace to buy again. I think BOW are looking very solid, good locations and management. And currently valued at <0.5 $M per 3P Petajoule (or that was the case last time I checked anyway) - which seems pretty cheap by comparison -esp. with more upgrades forcast.

Looking closely at WCl, ICN and COI for my next up and comer.

BUL has been a long wait but there may be a light at the end of the tunnel with the current drilling program.

- who are your current faves folks??

-D

Mad Mel · 25 August 2009

I held BOW for a couple of months, but sold last week at 40% over my purchase price (good enough for the time frame). I have faith in Bow's tenements and management, and when it got below $0.90, I couldn't pass it by.

But... I needed the cash for INP, which is my new fave (since Dukey asked). Their drill program (well, actually AGL's) is starting shortly, and the previous conventional wells in the area showed some good promise for CSG. Another one I'm keen on at the moment is MEL, who looks seriously undervalued.... always the story with them, but particularly at the current SP. I don't hold them at the moment, but bargain shopping is always tempting.

Hope to be back in BOW on a future retrace... so many companies with promise, I'm trying to get my timing down so I'm in the right ones at the right times.

grace · 25 August 2009

I am just holding AOE, stacks of ESG, BUL (not many).

Have been watching signs of life in ICN - waiting for first flow rates there to see if they make the grade.

ECU - a bit of a dark horse. Came out with a profit on coal operation today. What a bonus. Drilling in a new basin - Gallilee (probably spelt that wrong). Watching only at this stage.

INP - have been watching only.

EPG - European Gas - watching with interest.

Back on subject sorry, I notice BOW have very good gas content. Recent drilling results (not in reserves yet) seem very good.

Gosh I wish this market would have a bit of a pullback!

grace · 25 August 2009

Dukey said:
And currently valued at <0.5 $M per 3P Petajoule (or that was the case last time I checked anyway) - which seems pretty cheap by comparison -esp. with more upgrades forcast.

-D

3P = 664PJ
2P = 19PJ

Value per PJ of 3P = $1 mill (2P worth more, and generally easy to prove up from 3P)

Value of csg $664 mill

Cash last qtr $20 mill (I'll disregard)

Shares on issue (including oppies) 239 mill
@ $1.30
MC = $311million or 0.47mill/PJ of 3P

Value of csg of 3P = $2.78 per share

Plenty of room for improvement here. Note I don't hold.

philly · 25 August 2009

grace said:
Hello Dukey, well just why have I been avoiding this one. I'll be on board soon.....
Reserves picking up and drilling results look sound. Targets nice. This one left me at the train station I'm afraid.

Hi Grace, I missed BOW as well but brought VPE instead. VPE hold 40% with BOW 60% in the Don Juan CSG Field. Results for Don Juan have been positive although at this stage BOW is more interested in its other fields. In time BOW will return to Don Juan in the meantime VPE and is a producer and explorer of oil and gas in the Cooper Basin . There is also the chance that one of the bigger CSG players may make a move on VPE. The current SP makes VPE an attractive means of sharing in BOW'S growth potential

SeamFiend · 28 August 2009

Philly,
thats a bit of duff gen mate.

BOW holds 55%. Not 60%
They hold this in ATP771 and across the Walloon coals in ATP 593.

The reserves certification program for Don Juan is ongoing with more wells being planned for Q4 09. They have also been back there since the maiden 2Ps to test gas contents in the coals so they can upgrade the 2P across the rest of the Juandah and the Taroom coal seams.

Cheers,

SF

MrDevine · 5 September 2009

Hey Grace, I think your valuation might be a touch on the rich side. I'd use the cheapest metric which from memory is about 40c/J $400,000PJ based on last deal done by BG.

BOW is on a bullet train, I think the market can double this share price before it starts to go sideways before they get brought or can JV to build infrastructure to exploit the resource. I can't see them staying around in current guise for too long.

Mr D holds.

MrDevine · 5 September 2009

Oh, and also we should expect a pullback, this run has been long and strong, and it will peter out once the newsflow drops off or if it looks likely they won't get brought anytime shortly, the market likes things to happen now.

JAKSPARA · 5 September 2009

hey Dukes,

obvious fave BOW. Holding BUL and CUE also. Have thrown down some small change on MEO and MMR for fun!

dandd · 17 November 2009

Has anyone got any thoughts on the spp @ $1.25 per share? The share price has dropped off quite a bit since the announcement...

oldblue · 17 November 2009

dandd said:
Has anyone got any thoughts on the spp @ $1.25 per share? The share price has dropped off quite a bit since the announcement...

I'm surprised that its held up as well as it has, ex issue. I expect the issue to be pretty well supported, especially given the company's ability to manage a steady flow of encouraging news!

Disc: Holding BOW and will take up more.

namrog · 17 November 2009

oldblue said:
Disc: Holding BOW and will take up more.

From a very quick look at the chart, I think you might get the opportunity at 1-20, alternatinely 80 cents...!!!

Only my oppinion though ...

oldblue · 18 November 2009

namrog said:
From a very quick look at the chart, I think you might get the opportunity at 1-20, alternatinely 80 cents...!!!

Only my oppinion though ...

Not today, though.

Up another 4.5c which I must admit is a bit surprising given that they've gone ex issue!

oldblue · 20 November 2009

oldblue said:
I'm surprised that its held up as well as it has, ex issue. I expect the issue to be pretty well supported, especially given the company's ability to manage a steady flow of encouraging news!

Disc: Holding BOW and will take up more.

And another nice upgrade of the Blackwater reserves today increases total 3P reserves by 45%!

SP up to $1.40.

JAKSPARA · 7 January 2010

Almost 2 months and no comments on BOW??? Find that funny. BOW have recently taken another big step up the ladder with increased resource target for 2010, successful spp, planned 30mw power plant to provide income stream etc.etc. With all the talk of Qld CSG consolidation to occur i have taken the first step and consolidated all my CSG stocks into BOW as for me this is THE CSG stock to hold

oldblue · 8 January 2010

JAKSPARA said:
Almost 2 months and no comments on BOW??? Find that funny. BOW have recently taken another big step up the ladder with increased resource target for 2010, successful spp, planned 30mw power plant to provide income stream etc.etc. With all the talk of Qld CSG consolidation to occur i have taken the first step and consolidated all my CSG stocks into BOW as for me this is THE CSG stock to hold

To me, the lack of comment on BOW just indicates that shareholders consider that everything is going along nicely, with announcements of regular increases in resources.

The possibilities with regard to CSG consolidation are numerous and purely speculation at this stage until we get some clue as to what might actually happen.

Dukey · 11 January 2010

oldblue said:
To me, the lack of comment on BOW just indicates that shareholders consider that everything is going along nicely, with announcements of regular increases in resources.

The possibilities with regard to CSG consolidation are numerous and purely speculation at this stage until we get some clue as to what might actually happen.

All looking OK to me.. and others

[FONT=verdana,geneva]Despite recent share price gains, he says there’s still significant upside for the largest pure CSG company in Australia, Arrow Energy (AOE), plus juniors like Bow Energy (BOW) and Molopo Australia (MPO) - which on a 12 month target he values at $5.40, $1.75 and $2.20 respectively.
[/FONT]
[FONT=verdana,geneva]As an explorer, he expects to see upgrades to Bow Energy’s reserve position leading to a re-rating in the stock. And as a fellow believer in the CSG gas story, ABN Amro Morgan’s Brown also likes the upside of NSW-based Eastern Star Gas (ESG) which unlike its Queensland counterparts has to move supply into the domestic market rather than use feedstock for an LNG plant.
[/FONT]
[FONT=verdana,geneva]Given that the bullish price outlook will continue to make gold a safe-haven for investors, Goldman’s has buy recommendations on BHP, Newcrest (NCM), Dominion Mining (DOM), Sino Gold Mining (SGX) and PanAust. While O’Brien also likes the gold story, he says investors need to question their appetite for pure-plays, notably Newcrest, over a diversified player, like BHP which alone comprises 14.57 per cent of the entire ASX 200.[/FONT]

[FONT=verdana,geneva]
above quote was from end of this report - http://www.thebull.com.au/articles_detail.php?id=4059

- d
[/FONT]

Boognish · 10 February 2010

If you're looking for a bargain I think this stock is worth a punt. BOW seems to be inexplicably down at this point.

Disclaimer: I hold a couple of small parcels of BOW (bought above current price) and I am a complete novice at the share market.

Atlas79 · 23 February 2010

A new announcement has been released for BOW
Summary: Thickest Rangal Coal Seams intersected to date at Blackwater
Announcement number: 218384
Release time: 23/02/2010 10:27:00 AM
Price sensitive: Yes
--------------------------------------------------------------------------

Worth a read... that's a lot of coal

BOW - Bow Energy

grace

Dukey

Mad Mel

grace

grace

philly

SeamFiend

MrDevine

MrDevine

JAKSPARA

dandd

oldblue

namrog

oldblue

oldblue

JAKSPARA

oldblue

Dukey

Boognish

Risin' up from the mist

Atlas79

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