CVI - CVI Energy Corporation

[skiper]

Re: CVI - Cityview Corporation

Little updated fundamental here - but with Angolan Elctions to be held next week, which has been noted as a critical turning point, we may expect to start hearing about oil leases within a short while of elections imo (maybe a month?)...
Meantime, there is obviously going to be the constant flow of other things happening.

Hope we're nearly in the centre of the maze now.....

Constitutional change

The MPLA had been widely expected to win the election, but the partial results suggested the party was within reach of the coveted two-thirds majority that would allow it to make sweeping changes to the country's constitution.
Angola rivals Nigeria as sub-Saharan Africa's biggest oil producer.

Full details below

http://english.aljazeera.net/news/africa/2008/09/200897511910317.html

 

[canny]

Re: CVI - Cityview Corporation

Skiper - home and hosed by hte look of election results.
Should start to see some real changes happening now for hte long term benefit of CVI.
Been a long wait - and the successful election result for us flags the start of a new era.


http://www.alertnet.org/thenews/newsdesk/LT38644.htm

"WHAT WILL A BIG MPLA VICTORY MEAN?

The MPLA had been expected to at least retain its majority of 129 seats in the 220-member parliament, but winning more than two thirds would give it a free hand to be able to change the constitution in ways that could further entrench its power.

Parliament in itself does not have that much power. The president has the right to veto any new legislation that is approved by parliament. He is the commander-in-chief of the armed forces and also appoints ministers and judges of the Supreme Court.

A big MPLA win would certainly clear the way for President Jose Eduardo dos Santos, in power since 1979, to stand in next year's presidential election -- with little chance of being beaten.

WHAT DOES IT MEAN FOR BUSINESS AND INVESTMENT?

The oil firms pumping almost two million barrels of crude per day -- Angola rivals Nigeria as the continent's top oil producer -- will be very happy to see continued stability under a government with which they have good relations.

New OPEC member Angola has become one of the world's fastest growing economies thanks to its oil production growth and only major instability would be likely to discourage significant interest in Angola from frontier investors.

Extending the MPLA's dominance should give it a freer hand to enact the liberalising economic reforms investors seek to create more opportunities and to further fuel growth.

Gross domestic product grew more than 24 percent in 2007, compared to an average 5.7 percent in Africa. Growth is forecast to reach 16.5 percent this year and to remain in double digits in 2009.

The government also hopes to win a credit rating from a major agency -- it has set its sights on a rating of at least B+ -- and its chances of doing so could be improved if there is not too much trouble in the aftermath of the vote."

 

[skiper]

Re: CVI - Cityview Corporation

Skiper - home and hosed by hte look of election results.
Should start to see some real changes happening now for hte long term benefit of CVI.
Been a long wait - and the successful election result for us flags the start of a new era.


http://www.alertnet.org/thenews/newsdesk/LT38644.htm

"WHAT WILL A BIG MPLA VICTORY MEAN?

The MPLA had been expected to at least retain its majority of 129 seats in the 220-member parliament, but winning more than two thirds would give it a free hand to be able to change the constitution in ways that could further entrench its power.

Parliament in itself does not have that much power. The president has the right to veto any new legislation that is approved by parliament. He is the commander-in-chief of the armed forces and also appoints ministers and judges of the Supreme Court.

A big MPLA win would certainly clear the way for President Jose Eduardo dos Santos, in power since 1979, to stand in next year's presidential election -- with little chance of being beaten.

WHAT DOES IT MEAN FOR BUSINESS AND INVESTMENT?

The oil firms pumping almost two million barrels of crude per day -- Angola rivals Nigeria as the continent's top oil producer -- will be very happy to see continued stability under a government with which they have good relations.

New OPEC member Angola has become one of the world's fastest growing economies thanks to its oil production growth and only major instability would be likely to discourage significant interest in Angola from frontier investors.

Extending the MPLA's dominance should give it a freer hand to enact the liberalising economic reforms investors seek to create more opportunities and to further fuel growth.

Gross domestic product grew more than 24 percent in 2007, compared to an average 5.7 percent in Africa. Growth is forecast to reach 16.5 percent this year and to remain in double digits in 2009.

The government also hopes to win a credit rating from a major agency -- it has set its sights on a rating of at least B+ -- and its chances of doing so could be improved if there is not too much trouble in the aftermath of the vote."

Canny,
The Deputy Prime Minister Of Angola has his son on the Board Of Pensador, so i agrree 100% with your sentiment above and look forward to the next lot of announcements.

 

[skiper]

Re: CVI - Cityview Corporation

Just a re-cap

PRICE WATERHOUSE COOPERS VALUATION


Executive summary
CityView Corporation (the “Company” or “CityView”) is an Australian based resource company. The Company’s strategy is to accumulate a portfolio of oil, copper, gold, rare earth and diamond assets in Angola and upgrade these assets into institutionally saleable and or bankable assets.
CityView assets include:
•
40.5% ownership interest in Fortitude Minerals Limited (“Fortitude”),
•
10.0% Net Profit Interest in the alluvial Luachisse and Nhefo diamond projects, and
•
4.2 million shares in Pensador Inc. (“Pensador”)
These assets, based on a sum of the parts methodology may be worth between US$182 million and US$296 million. This implies a value of between US$0.42 (AUD 0.45) and US$0.68 (AUD 0.73) per share1.The primary asset of value within Fortitude is Cachoeiras de Binga copper project. The resources associated with this project have not yet been assessed in a JORC compliant manner. This assessment is currently underway. The Company believes that the assessment, when completed, will confirm an area containing inferred reserves in excess of 1.0 million tonnes of copper, with ore grading of 2.14%.
Fortitude also holds other mineral licences (including copper and gold mineralisation areas), which it believes to offer additional significant upside to the current valuation of the Company. The Company holds this belief based on the history of exploration in the areas represented by these licences and the considerable size of the mineralisation area under each licence. The value of these reserves are not included in the above valuation implying considerable upside to the current valuation assuming successful completion of the JORC assessment and verification of the reserves.

The above does not include the value of US$1.1Billion in funding, or the offshore and onshore oil leases


:chimney



.

 

[nidrac]

Re: CVI - Cityview Corporation

The Deputy Prime Minister Of Angola has his son on the Board Of Pensador

Source? Is this public knowledge or rumour & innuendo? Would be a boon for CVI if true...

No public info has been released on Pensador to my knowledge.

 

[skiper]

Re: CVI - Cityview Corporation

ASX / MEDIA RELEASE September 11, 2008
Oil Refinery Acquisition & Funding
•
CityView signs contract for acquisition of refinery for West Africa.
•
Debt Funding from West African and European Banks.
•
Of the US$320 million purchase consideration, US$150 million to be raised by placement of CityView shares at Aus 20c per share.
CityView Corporation Limited (“CityView”) is pleased to announce that it has signed a conditional contract for the acquisition of a 50,000 barrels per stream day (bpsd) oil refinery, as foreshadowed in its announcement on August 18, 2008.
The total purchase consideration for the refinery is US$320 million. US$150 million of this will be raised by the placement of CityView shares, the price of which has been agreed with European institutions at Aus 20c per share.
The debt component on the refinery will be secured against the refinery itself with payment of principal and interest being deferred until cash flow is generated from the sale of refinery production.
CityView CEO, Mark Smyth said; “Now that we are in a position to secure the refinery, we can finalise negotiations with third parties to determine the most suitable site to locate it. We have several options that are available to us at the present time.”
“In addition we intend to expand the refinery from its current design capacity of 50,000 bpsd to 100,000 bpsd.”

Page 2 of 2
The transaction is subject to CityView shareholders’ consent. A notice of EGM will be issued in due course, containing further details of the transaction and financing arrangements. Following this share placement it is anticipated that certain members of the new institutional investors will seek Board representation.
The refinery purchase will be finalised in 2008, with shipment and construction in 2009 and operations commencing in the first half of 2010. Expansion to 100,000 bpsd capacity will commence following installation of the first module.
The funding of CityView’s other projects through Pensador Resources Inc and eventual merger will continue as planned, independent of the financing announced here.
Mark Smyth
Chief Executive Officer

 

[skiper]

Re: CVI - Cityview Corporation

http://www.ad-hoc-news.de/drucken.html?art_id=19487501


Vienna, London (ots) - HARDT ENERGY - the exclusive advisor to Tagore
Investment S.A., a BVI company - announced today that Tagore Investment S.A.
has reached an agreement to sell its 50.000 barrel crude oil refinery to
CityView Corporation Limited.

HARDT ENERGY acts as arranger and project advisor to Tagore Investments
S.A. - the total purchase consideration is US$320 million. US$150 million of
this will be raised by the placement of CityView shares, the price of which
has been agreed with European institutions at Aus 20c per share.

The balance of bank funding will involve both a major West African bank and
a Global bank with the terms of the facilities and required due diligence in
hand.

HARDT GROUP Securities S.A. - a member of HARDT GROUP - acted as major
lender by financing Tagore Investments S.A. and its refinery project.

DDr. Alexander SCHWEICKHARDT, CEO of HARDT GROUP said: "We are extremely
pleased with the professional cooperation with City View. The team has an
exceptional deal flow, a strong track record and is very experienced in
project financing at the highest level in a number of major projects."

CityView CEO, Mark Smyth said; "Now that we are in a position to secure the
refinery, we can finalise negotiations with third parties to determine the
most suitable site to locate it. We have several options that are available
to us at the present time".

The transaction is subject to CityView shareholders' consent. A notice of
EGM will be issued in due course, containing further details of the
transaction and financing arrangements. Following this share placement it is
anticipated that certain members of the new institutional investors will
seek Board representation.

The refinery purchase will be closed in 2008, with shipment and construction
in 2009 and operations commencing in the first half of 2010. Expansion of
the refinery to 100,000 bpd capacity will commence following installation of
the first module.

About TAGORE

Tagore Investments S.A. has invested in the purchase, refurbishment and
re-engineering of various technical components for the construction of a
crude oil refinery (excluding on-site utilities, storage tanks and on-site
infrastructure) with an operating capacity of approx. 50,000 barrels of
crude oil per day.

About CityView

CityView owns a resources portfolio of oil, copper, gold, diamonds and rare
earths. CityView's strategy is to secure title to major oil, mineral and
diamond assets in West Africa and pursue a successful development programme.
CityView is an Australian company, listed on the ASX in Australia, OTCBB in
the USA and FSE in Germany.

About HARDT ENERGY

HARDT ENERGY provides services in the field of project development in the
energy sector ranging from petroleum and petroleum refining, power and power
generation as well as alternative energy sources and renewables. HARDT
ENERGY runs a dedicated team of professionals with extensive experience in
crude oil refining and processing, logistic operations, civil and electrical
engineering, project development and financing. Through a well established
network of partners and industry contacts, HARDT ENERGY is able to evaluate
and pursue projects in all major energy markets.

About HARDT GROUP

HARDT GROUP is an institutionally focused, international Alternative
Investment group with focus on Hedge Funds, Private Equity, Real Estate and
Venture Capital. HARDT GROUP uses the deep expertise of its investment team
extensively in its project and transaction business. The firm also seeks to
partner with international co-investors who also have the specific knowledge
in managing venture capital for investments in commodities and industrial
companies. With offices in Vienna, New York, London and Zug. HARDT GROUP
currently advises in excess of USD 1 billion assets in Fund of Hedge Funds,
Private Equity and Direct Investments.

:bowdown:

 

[StockAsArOck]

Re: CVI - Cityview Corporation

Interesting thread this one!

As a holder of cvi on multiple occasions, including at the moment, it would seem to me as though the 8c sellers are almost gone.
Not the best ann out today IMO, but still she surges forward despite an obvious heavy play this week.
Current price is 0.091 up 1.1%
Think it hit 11.5c at one point yesterday briefly.
Would other longer term holders agree, or at least have noticed a mini fundamental sp pattern shift?, or is it just me?

Looks ok
DYOR

StockAs

 

[skiper]

Re: CVI - Cityview Corporation

http://www.brr.com.au/event/51516/oil-refinery-acquisition-and-funding-update

Starting off at 50,000BPD, to 100,000BPD and then possibly 200,000BPD

Should be set up in first half of 2010 :drink: time

 

[Largesse]

Re: CVI - Cityview Corporation

I remember a time when everyone was trashing MS for suggesting that "European Institutions" would be funding CVI projects.

"We don't believe you!" They would cry

"We want more details!" They would yell



also, just my , I think people who have issue with the companies transparency should start forwarding points that they would like added to the "items of business" for the EGM.

i've already thought up a few and will be sending of a fax at some point in the next week.

 

[StockAsArOck]

Re: CVI - Cityview Corporation

Opec accounts for twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Not in order of pref.
So lets break it down in real terms CVI holders, of which I am one, can easily understand.
Top Ten Oil Importing Countries
United States (11.8 million barrels per day)
Japan (5.3)
China (2.9)
Germany (2.5)
South Korea (2.1)
France (2.0)
Italy (1.7)
Spain (1.6)
India (1.5)
Taiwan (1.0)
Juxtapositioned against......
Top Ten Oil Exporting Countries
Saudi Arabia (8.73 million barrels per day)
Russia (6.67)
Norway (2.91)
Iran (2.55)
Venezuela (2.36)
United Arab Emirates (2.33)
Kuwait (2.20)
Nigeria (2.19)
Mexico (1.80)
Algeria (1.68)
*circa 2004

Now, today
Top Oil Consumers - 1 USA
2 China
3 Japan
4 Germany
5 Russia
6 India
7 Canada
8 Sth Korea
9 Brazil
10 France *circa Jul 08
And, again...
Top Oil Producers - 1 CANADA
2 SAUDI ARABIA
3 MEXICO
4 VENEZUELA
5 NIGERIA
6 IRAQ
7 ANGOLA
8 BRAZIL
9 ALGERIA
10 RUSSIA *circa Jul 08


Some very interesting information there alone, but if you consider Angola as the 7th largest oil producing nation for the 1st 1/2 of 2008, then you must also look carefully at the corresponding buyer base currently in existance, namely Usa China Japan Germany and Russia (top 5) none of which are exactly a stones throw from Angola from a shipping perspective, so in effect the above leader boards are of little use, nice to know, but most likely doctored at some stage along the way to suit its creators.
The real issues will be pipelines, and the Usa's ability to gain extra reserves in a dwindling market via the likes of Iran, and Cuba.
These moves are already in motion in most peoples opinion I personally speak to.
Ultimately oil must surge soon through supply restrictions, or possibly even Fed reserve moves designed to stagnate the price per barrell until a firm outlook for Iran is aparent.
CVI needs to concentrate solely on oil production in my opinion, and it seems that message has sunk in with managment with the current refinery moves.
Market cap per sp is laughable at the moment, and the action daily is as hot as ever trader wise, but as always, CVI presents many opportunities for itchy holders to make small cash moves at little risk of major loss, presuming of course said investors/traders know the solidity of their own positions taken.
Short term - more of the same instability
Med term - a change in sentiment north
Long term - a safe bet to return 33+% to a share once the initial sprint has settled into a paced rythmn, with the obvious exclusion of the variable present in any trade, corruption.
That's the zero on this roulette wheel kids......
Real question is, how many zero's are on CVI's wheel?
DYOR

StockAs

 

[psychic]

Re: CVI - Cityview Corporation

There is a good chance of another spike in the share price of CVI come Monday, as the T+3 traders will need to exit their positions with the best possible price from late last week when it spiked, due to the announcement. Lots of volume went through at around the 10+ cents mark with a spike to 11.5 cents.

Heads up for Monday, could be worth a trade.

 

[psychic]

Re: CVI - Cityview Corporation

Also note Bollinger bands squeezing very tightly now, a break to the upside or downside is due very shortly. I assume a break to the upside is much more possible due the the MACD line moving up almost into positive territory.

 

[skiper]

Re: CVI - Cityview Corporation

Also note Bollinger bands squeezing very tightly now, a break to the upside or downside is due very shortly. I assume a break to the upside is much more possible due the the MACD line moving up almost into positive territory.

IMO, Partners new to CVI have been accumilating over last few days for a bigger move, especially as CVI want to start clawback with Pensador at 30c+

 

[123enen]

Re: CVI - Cityview Corporation

I am very familiar with the content of Bacchus' post.

This will interest you.
CVI followers will need to accept this .... most have.
http://www.inthesetimes.com/issue/26/04/feature4.shtml

 

[pilots]

Re: CVI - Cityview Corporation

123, I was called up this after noon and told to read Bacchus post, the call was made here in Perth,(so the word came from Perth) don't for get WE have a lot of people here very up set at CVI, I for one would like to see this come good, I don't hold, but know of many who have lost big time on this. Right now I can see NO light at the end of the tunnel.

 

[123enen]

Re: CVI - Cityview Corporation

http://www.globalwitness.org/media_library_get.php/154/A Crude Awakening.pdf

The above report was one of the most fascinating reports on Angolan corruption that I have read.

If you wish to understand "prominent Angolan" then you need to read this report , particularly pages 11 to 14.
If Bacchus' post was a revelation to your mates in Perth, then they will do somersaults over this.
It is fact, it is history and cannot be hidden under the carpet, BUT it is well known and is up to readers to decide how relevant it is today to a developing Angola.

 

[fordxbt]

Re: CVI - Cityview Corporation

any reason cityview is down 16% today !?
it opened 3c higher than yesterday and then seemed to be a firesale with insane volumes (bigger than OZL & BHP, go figure!)

 

[psychic]

Re: CVI - Cityview Corporation

Yes quite a nasty 2 day fall in share price, with volume I must add, something seems not quite right.

The question is will it bounce back up this week?

 

[SCHUMACHER]

Re: CVI - Cityview Corporation

the irony of it all.....people are suggesting ANGOLA is corrupt....well perhasp it is but it makes me laugh that the westerners are concerned with undveloped countries power plays and under handed syphoning of money, when the americans have been doing it for centuries.....and now look at the state of the DJIA, and major corporations that have been drained of cash due to ....mmm greed/corruption and the like......please people get a grip............ANGOLA has just as much success as does anywhere else in the world today............cheers SCHU