EMR - Emerald Resources

Re: EMR - Emerald Oil and Gas

Yep agree with you sometimes I feel like I am talking to myself

laurie

Re: EMR - Emerald Oil and Gas

stylish said:

I cant believe how out of date this stock forum is with postings.

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Sorry, there's just a lot of stocks mmKay?

Re: EMR - Emerald Oil and Gas

tothemax6 said:

Sorry, there's just a lot of stocks mmKay?

Click to expand...

I think it's more that the stocks with tons of posts here are the ones rising, not the ones falling. Those who were following EMR in 2007 stopped doing so when they lost all their money and sometimes it takes a while before anybody notices that maybe a stock has hit rock bottom, which may be the case here. EMR is up about 50% since a week ago.

Re: EMR - Emerald Oil and Gas

Major news today:
Acquired 10,500 net acres in Williston Basin for US$11.85M, incl. 7.5% WI in an existing well. Financed through a secured debt facility.

Re: EMR - Emerald Oil and Gas

Hartleys have just published a new research report, it came up on my Bloomberg terminal a few minutes ago and is dated today.

After reviewing the latest ANN they have increased their short term target to 10.3c from 7.6c

That would of course make the EMROs a 10 bagger from where they are now and the shares more than a 3 bagger short term.

They also talk about a re-rating in the GRB project as well and they talk about a longer term unrisked upside value of 58cps for GRB alone.

Against 3.3c now.

Doubtless it will be available on the EMR website soon.

Enjoy.

EB

Re: EMR - Emerald Oil and Gas

EMR's central Bakken/three forks acreage is as good as proven acreage, which would mean that EMR is trading significantly less than current 1p reserves NPV.

These are well figures from marathon energy who is adjacent to us, in central dunn county - or about ~%33 of our leased acreage.

Kovaloff 41-17H:
- IP rate of 763 Bo/d.
-20861 barrels of oil have been produced in first 56 days. (56-day IP rate of 373 Bo/d)

Kovaloff 34-8H:
- IP rate of 1064 Bo/d.
- 22350 barrels of oil have been produced in the first 51 days. (51-day IP rate of 334 Bo/d)

Kovaloff 14-9H:
- IP rate of 1184 Bo/d.
-25492 barrels of oil have been produced in the first 67 days. (67-day IP rate 380 Bo/d)

State Kovaloff 11-16H:
-IP rate of 949 Bo/d.
-18445 barrels of oil have been produced in the first 51 days. (51-day IP rate 362 Bo/d)

Verlyn Strommen 34-8H:
- IP rate of 426 Bo/d.
- 6179 barrels of oil have been produced in the first 37 days. (37-day IP rate of 167 Bo/d)

Anderson 44-23H:
-IP rate of 1270 Bo/d.
-39993 barrels of oil have been produced in the first 80 days. (80-day IP rate of 500 Bo/d)

Good Bear USA 21-14H:
- IP rate of 1137 Bo/d.
- 37555 barrels of oil have been produced in the first 78 days. (78-day IP rate 481 Bo/d)

Good Bear USA 31-14H:
- IP rate of 1221 Bo/d.
- 12824 barrels of oil have been produced in the first 23 days. (23-day IP rate of 558 Bo/d)

Boy Chief USA 11-15H:
- IP rate of 830 Bo/d.
- 11967 barrels of oil have been produced in the first 29 days. (29-day IP rate of 413 Bo/d)

I have worked out the averages -

Average IP rate - 983 BOPD
Average days on production - 52
Average flow rate at average days on production - 396 BOPD

Note : these figures include no gas.

Currently Marathon's EUR's for Hector/Ajax leases are 500 Mboe, this represents some pretty impressive economics for a company the size of EMR especially.

Reserves estimate -

I have counted 14 drilling units in central dunn county or about %33 of our total 43 drilling units, which equates to 3465 net acres.

Using recent industry practice well spacing and EUR's for that area i have calculated the current reserves -

Key parameters -
- Middle bakken well spaccing : 320 acre
- Three forks well spaccing : 426 acre
- EUR : 500 MBOE
- NPV(10) : $13.50 per boe
- Fully diluted : 1,084,828,992 shares

10.8 net middle bakken wells = 5,414,065 MMBOE

8.3 net three forks wells = 4,066,901 MMBOE

Total - 9,480,966 mmboe

Current NPV(10) = $115,193,736 or SP of 0.094c representing %135 of upside from current prices.

It is a well known fact that the well production drop's off the further south you go which would mean that the remaining % of EMR's land will likely have lower EUR's than 500 Mboe but no doubt will still be very economical land. Note : my calcs only take into account the relatively proven land around marathon's.


Buying before the obvious becomes officially obvious = $$$

This is'nt investment advice.

On December 15th, 2014, Emerald Oil & Gas NL changed its name to Emerald Resources NL.

Just throwing in a weekly chart as it appears to be coming up to a 0.05 price that looks like resistance.
Will be interesting to see if it can push through this mark as it has been slowly trending up.

View attachment 100738

I noticed my previous post the attachment doesn't open... I'm hoping this pic will work.

Weekly chart.

Well EMR has well and truly been smashed over the last month (like most stocks)
It does appear to be sitting at 0.025c and looks like a level of support.... if it holds is another question and only time will tell.
Attached is a weekly chart for reference.

I know longer hold Emerald, and am unsure what happened yesterday day, but it certainly had a good rise in price, and volume to go with it.
Hit resistance at 56.5/57 cents, which was another recent high, will be interesting to see if any news comes out about it.
Attached daily chart.
Cheers
Trav

Emerald has a gold mine in Cambodia, due to commence production this month.
Resource at the Okvau mine estimated at 1.14Moz at 2.0gm/t.
Target of producing 100,000ozs per annum at AISC of US$754 per Oz.
Despite Covid construction and arrival of equipment onsite is virtually complete.
Expectation of 300,000 tons of ore to be stockpiled on ROM ready.

a bit of coverage on EMR from a newsletter:

Market Cap: $567 million
% Change: 17.22%

Another miner for whom it’s been an up and down year, Emerald Resources sagged from 90c at the start of the year to just 73c in March as gold stocks lost their lustre.

But Simon Lee’s Cambodian gold miner has bounced back after successfully commissioning the 100,000-110,000ozpa Okvau mine, the first large-scale gold mine in the South East Asian nation, in June. The mine has a 907,000oz reserve at 2g/t, underpinning a 7 year mine life at over 100,000ozpa.

It looms as another success story for the well-known WA-Singaporean resources investor, a backer of Nick Giorgetta and Mark Clark’s gold businesses whose previous successes including building Great Victoria Gold, Samantha Gold and Equigold into major players.

Hitting commercial spurred a run for the miner through the second half of the year as it ramped up to full production by late September.

Emerald said its all-in sustaining costs were within guidance, with forecasts to produce 25,000-30,000oz a quarter at US$720-780/oz.

The company announced its expansion into WA this month by declaring a recommended takeover offer for privately owned Goldfields explorer Bullseye Mining in an all-share deal worth $117 million. Bullseye had previously fought off the advances of King of the Hills gold mine owner Red 5 (RED) in 2018.

Emerald Resources (EMR) has reported “significant” gold exploration results from the Okvau and North Laverton projects.

The company has been undertaking extensional drilling at the Okvau gold project in Cambodia, which Emerald said has delivered continuous significant gold mineralisation near existing resources.

Up up and away Emerald a company that keeps to costs, timelines and forecasts.
Cambodia still has several year with possibly adding to reserves.
Producing roughly 25k ozs a quarter with a similar forecast for this year.
ASIC at US$799 per oz last year. Last quarter gold sold averaged US$1973 per Oz.
ASIC forecast 2024 at US$780 to US$850 with quarterly production between 25k to 30kozs.
Cash and bullion on hand at A$90 million.


New WA activity is promising.
This was cheap once at $2.24 maybe still so much depends now on the price of gold.
It’s gathering some attention but largely totally ignored on here.

Emerald has been steadily climbing all year making higher highs and many higher lows.
Currently trading at $2.55 down from a recent high of $2.93, hopefully just profit takers.
Mine life extending approximately over 8 years currently.
Operational Activities - Cambodian Okvau Gold Project (100%)
 September 2023 quarter guidance achieved with gold production of 28.1koz at an AISC of US$823/oz;
 September 2023 Quarterly production sees Emerald continue to achieve guidance of 25koz – 30koz per quarter;
 Gold sales for the September 2023 Quarter of 27.9koz at an average gold price of US$1,918/oz;
 Full Year June 2024 guidance set at gold production of 25-30koz per quarter with AISC US$780 – US$850/oz; and
 Okvau Gold Mine mineral resource and reserve update completed.

 Cash and bullion on hand at 30 September 2023 of A$109.0m (US$70.4m);
 Operating cash flow from the Okvau Gold Mine for the Quarter of US$28.1m;

Emerald have announced a maiden inferred resource of 470koz of gold at what will become hopefully its second mine in Cambodia.
Further drilling at its Memot project will commence in the new year with a 50000 metre drill program after the successful initial 19000 metre maiden resource.
I like this company as they do what they say on time within budgets they hit their production targets too with an overachieve.

The Board of Emerald Resources NL (ASX: EMR or Company) is pleased to announce the results of another impressive Quarter of production in which 29,184 ounces of gold were produced at the Company’s 100% owned Okvau Gold Mine in Cambodia (Okvau). This follows on from the successful September 2023 Quarter which sees Emerald remaining on track to meet FY2024 production guidance.
Highlights
 Okvau’s production for the December 2023 Quarter of 29,184 ounces with gold poured of 30,425 ounces
 December 2023 Quarterly production result is at the upper end of guidance of 25koz - 30koz per quarter
 Emerald has now poured over 9,000kgs of gold doré from its Okvau Gold Mine
 Gold sales for the December 2023 Quarter of 30,447 ounces at an average of $US1983/oz

 A comprehensive update of operations and exploration activities will be provided in the December 2023 Quarterly Report to be released later this month

Emerald informs they are maintaining June 2024 full year guidance set at gold production of 25-30koz per quarter with AISC US$780 – US$850/oz.
Emerald has cash and bullion of A$137.8m on hand at year end, they continue to pay down their debt facility with over 50% already paid down with a balance of US$30.9m owing year end too.
Drilling continues to extend the Okvau open pit with some significant results being produced.
A further two other projects are to commence drilling in Cambodia in the early half of this year.

Emerald has dropped a bundle lately with the delayed takeover of Bullseye dampening enthusiasm.
The Cambodian operation is as far as I know still on target to deliver its forecasts.
Hopefully Bullseye is put to bed in the month and it’s delinquent shaareholders exit.
I hold and not concerned on its recent fall from the high of $3.41 to $ 2.80 I bought many moons ago.
My pick in March comp too.