EMR - Emerald Resources

[doctorj]

Re: EMR - Emerald Oil and Gas

I figure Emerald all comes down to Valentine/Stokes Bay in July. Given Empire's greater leverage to success, I'm curious why it would be languishing around 0.7cps unch over the last few months.

Anyway, lets hope Arc has some luck and your time cycles in august come good.

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

Some movement here today. EMR is up 9.09% to 0.24c ( up 0.02c).

Anyone know if any news due soon.

Tightly held stock so could move on good news.

 

[richmond]

Re: EMR - Emerald Oil and Gas

hi Yogi

Any updates on how things are progressing in terms of Emerald's prospects before the Canning drilling?? Is August still looking okay??
cheers
R

 

[jtb]

Re: EMR - Emerald Oil and Gas

Stay firm mate, I'm a believer in this canning program and have been waiting for many years.
Remember theres US upside too.

We can hold hands together.

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

Ann. today
19 Jul 2007 13:05 ! Drilling of the Valentine-1 and Stokes Bay-1 wells in EP 104 5

Share price up nearly 9% to 19c




http://www.arcenergy.com.au/files/news/Financial Review 13 Jul 07.pdf

 

[jtb]

Re: EMR - Emerald Oil and Gas

Today will show a breakout of this descending pattern too

Would assume the non-believers have mostly exited by now - bring it on.

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

JTB

Do you see the move continuing upwards, then?

Not selling before the news of the results of drilling?

Thanks in advance.

Close 20c (up over 14%).

 

[jtb]

Re: EMR - Emerald Oil and Gas

JTB

Do you see the move continuing upwards, then?

Not selling before the news of the results of drilling?

Thanks in advance.

Close 20c (up over 14%).

Most definately mate,
As mentioned previously I'm a believer in this program and have been waiting for many years for it to be drilled. Being rather jaded I suspect the more conservative target size quoted by ARQ recently is more to hose down any GDN style hysteria which would push the value of EMR and their adjacent lease through the roof.

The size of EMRs targets in EP405-6 (100% in green) can be seen when compared to Stokes bay/Valentine (Point Torment) in the attachment.

Alcoa's $40Mil could buy out EMR twice over @ present and don't forget we do have gas prospects in the US and hopefully at least one competent JV partner.

"ARC Energy Limited (ASX:ARQ) is pleased to advise that it has entered into a major gas sales
agreement (GSA) with Alcoa Australia for the delivery of up to 500 petajoules of gas from future discoveries on ARC’s interests
in the onshore Canning Basin. The GSA includes a gas prepayment by Alcoa to ARC of A$40 million in September 2007 that
will be used to accelerate ARC’s regional Canning Basin exploration program. Further details of the GSA are set out in Appendix
1.
The transaction has a range of benefits. It:
• provides ARC with the customer support to rapidly commercialise gas discoveries
• provides Alcoa with a diversified long term gas supply option
• accelerates ARC’s Canning Basin exploration program
• allows ARC to retain all liquids and oil discovered in the exploration program and retain operatorship and full equity in
its permits
• provides considerable flexibility, with the option for gas deliveries by ARC to Alcoa from the Perth Basin
• has the potential to bring very substantial benefits to the Kimberley and the traditional owners of the area
• has the potential to provide very significant quantities of “Domgas” from a new gas producing basin onshore WA.
ARC’s Canning Basin exploration program is due to commence in August 2007 when Century Rig 18 will be transported to the
Canning Basin from the Perth Basin. The Canning Basin exploration program is currently scheduled to run for three years and to
drill up to 20 exploration wells. As part of the GSA arrangements, at least four of the exploration wells will target gas prospects
with potential reserves sufficient to supply the GSA. The first wells in the program will test the Valentine and Stokes Bay
prospects targeting reserves of up to 1 TCF of gas and 19 million barrels of liquids."

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

Ann. today
Progress Update

This is heartening info. from the update.

Western Australia
Canning Basin

“...more than 131 of the world’s giant and super giant oil and gas
fields were discovered in the same geological setting
(Palaeozoic source and reservoir) as the Canning.
“The Canning may be the world’s least explored Palaeozoic
basin with only four wells per 10,000 km². Similar North
American basins have more than 500 wells per km².”

APPEA Flowline Magazine, Issue 15, Dec 2006


Close 18c.


Could do very well in August, IMO.

 

[Ken]

Re: EMR - Emerald Oil and Gas

It is to be noted that a magazine has tipped EMR, their record is pretty good.

I'd love to get involved, but am lacking funds this week. Under 20 cents seems like buying territory.

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

Hi Ken

Do you have the details of the magazine?

name of the magazine and date?

Thanks in advance.


I had some but sold some other share to buy more.

 

[Ken]

Re: EMR - Emerald Oil and Gas

it is the Resource Stocks magazine.
july 2007 addition there is no write up. the guy has just picked EMR in his tipping comp. every other stock he has picked has gone up 200- 300%

so i am considering a small placement....

 

[Trader Paul]

Re: EMR - Emerald Oil and Gas

hi Yogi

Any updates on how things are progressing in terms of Emerald's prospects before the Canning drilling?? Is August still looking okay??
cheers
R

Hi folks,

EMR ... expecting 5 time cycles to bring a positive spotlight
and some BIG and positive news, in August 2007:

02082007 ... positive spotlight on EMR ... this should bring BIG news/moves (???)

09082007 ... more positive news expected here

22-24082007 ... two time cycles = more positive news ...???

12092007 ... positive news???

03102007 ... positive spotlight on EMR ...

happy days

paul

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

20c

PCL's Ann...

02 Aug 2007 15:59:12 Canning Basin drilling expected to commence in August


The Canning Basin is one of the last under-explored areas in onshore Australia and has geological similarities with highly productive regions in Oman and the United States. The EP-104 permit is located adjacent to Derby and 150km northeast of Broome in Western Australia’s Kimberley Region.

 

[jtb]

Re: EMR - Emerald Oil and Gas

Interesting article in todays 'West' concerning the chinese CNOOC commiting to spending $162 million on gas exploration for its recently acquired lease NW of Wyndham

French giant 'Total' and Indian group 'Reliant' also pledging to to spend more than $300 million nearby.

Obviously these are offshore but I would assume they've got their eye on Cannings progress..............

Bought more today

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

JTB

That is interesting information.

BTW, you would have to be in with a good chance to win the Tipping Contest this month!

I would have been tempted to buy more myself but no cash today! Although, did buy more earlier in the week, so can't complain.

Well, I guess Trader Paul was correct with prediction of news on 2 August. Congrats to him.

Interesting to see how share price goes tomorrow.

LOL.

 

[UPKA]

Re: EMR - Emerald Oil and Gas

Interesting article in todays 'West' concerning the chinese CNOOC commiting to spending $162 million on gas exploration for its recently acquired lease NW of Wyndham

French giant 'Total' and Indian group 'Reliant' also pledging to to spend more than $300 million nearby.

Obviously these are offshore but I would assume they've got their eye on Cannings progress..............

Bought more today

CNOOC is a strictly offshore explorer, i dont think they'll have any interest on the onshore oil fields. dunno about Total and Reliant though...

 

[jtb]

Re: EMR - Emerald Oil and Gas

"China National Offshore Oil Corporation (CNOOC, SEHK: 0883, NYSE: CEO, Chinese: 中国海洋石油总公司) is the third-largest National Oil Company (NOC) in the People's Republic of China next to CNPC, Sinopec. It focus on the exploitation, exploration and development of crude oil and natural gas offshore of China. Its listed arm CNOOC Ltd shares are traded in Hong Kong and New York. China Oilfield Services (COSL) is a fellow subsidiary of CNOOC Limited listed in Hong Kong.

CNOOC is a state-owned oil company, 70% of whose shares are owned by the Government of the People's Republic of China"

Yes agreed UPKA, but CNPC are serious contenders and onshore focussed (BKP spring to mind)

 

[jtb]

Re: EMR - Emerald Oil and Gas

JTB

That is interesting information.

BTW, you would have to be in with a good chance to win the Tipping Contest this month!

I would have been tempted to buy more myself but no cash today! Although, did buy more earlier in the week, so can't complain.

Well, I guess Trader Paul was correct with prediction of news on 2 August. Congrats to him.

Interesting to see how share price goes tomorrow.

LOL.

Hope so mate, bloody CVN went up 150% the first month I didn't pick em
So hopefully if I dont pick EMR next month 50c here we come

Yes Yogi is a bit of an enigma, loved his call on ADI

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

EGO up 25%, EMR down 2% (20c).


If you want to be in on the Canning Basin action EMR might be a better bet at this stage.


What do you guys think?