EMR - Emerald Resources
- Thread starter yogi-in-oz
- Start date
Re: EMR - Emerald Oil and Gas
I bought 65,000 EMRO at 14c yesterday. According to EMR's announcement of 13 Aug 07, "Emerald has the highest leverage to a successful outcome from these two prospects [Valentine and Stokes Bay] with only 62.35 million shares and 35.63 million options on issue. Emerald estimates that a discovery could add several million barrels of oil equivalent resources, net to Emerald".
Also interesting is that a dscovery at either of these 2 projects will greatly enhance the value of Emerald's 100% owned permit application block EPA 4/05-6 located immediately west of EP 104. EPA 4/05-6 covers apporx. 70 kms of the Pinnacle fault system which is considered to be a key structural element for the migration and entrapment of hydrocarbons in this portion of the Canning Basin.
EMR is also cashed with around $4 million as at early Jul 07.
Hence, IMO I feel that EMR offers potentially the greatest leverage to any discovery at Valentine and Stokes Bay.
It also has interesting US oil and gas interests.
DYOR
What you mean but the after scheduled testing part jtb?
Already 10c in the money ... hrmmm ... yes will be worth monitoring
I bought 65,000 EMRO at 14c yesterday. According to EMR's announcement of 13 Aug 07, "Emerald has the highest leverage to a successful outcome from these two prospects [Valentine and Stokes Bay] with only 62.35 million shares and 35.63 million options on issue. Emerald estimates that a discovery could add several million barrels of oil equivalent resources, net to Emerald".
Also interesting is that a dscovery at either of these 2 projects will greatly enhance the value of Emerald's 100% owned permit application block EPA 4/05-6 located immediately west of EP 104. EPA 4/05-6 covers apporx. 70 kms of the Pinnacle fault system which is considered to be a key structural element for the migration and entrapment of hydrocarbons in this portion of the Canning Basin.
EMR is also cashed with around $4 million as at early Jul 07.
Hence, IMO I feel that EMR offers potentially the greatest leverage to any discovery at Valentine and Stokes Bay.
It also has interesting US oil and gas interests.
DYOR
- Joined
- 3 December 2006
- Posts
- 170
- Reactions
- 0
Re: EMR - Emerald Oil and Gas
Greggy, agree emr has huge potential upside.
I am only new to it but doing all my research now
Seems it has a 25m market cap, as opposed to ego's 95m cap, and ego is getting all the spotlight, because it is cheap, sp wise anyway, but that's it
Dont get me wrong, ego is a great stock but emr is my bet due to the low market cap, and it is only up a fraction of ego
As i've said elsewhere, its not rocket science to see which now offers a great position / leverage position
Dont know anything about the Texas operation??
Greggy, agree emr has huge potential upside.
I am only new to it but doing all my research now
Seems it has a 25m market cap, as opposed to ego's 95m cap, and ego is getting all the spotlight, because it is cheap, sp wise anyway, but that's it
Dont get me wrong, ego is a great stock but emr is my bet due to the low market cap, and it is only up a fraction of ego
As i've said elsewhere, its not rocket science to see which now offers a great position / leverage position
Dont know anything about the Texas operation??
Re: EMR - Emerald Oil and Gas
Welcome dudes, looks rather bullish
If the world doesn't end, Friday may be interesting.
Start chanting if you feel the urge coz DrJ is giving me a flogging in the stockpicking comp
Welcome dudes, looks rather bullish
If the world doesn't end, Friday may be interesting.
Start chanting if you feel the urge coz DrJ is giving me a flogging in the stockpicking comp
Attachments
Re: EMR - Emerald Oil and Gas
Nice sell off this morning ... because EMR is directly affected by someone in the US not being able to pay of their mortgage????
Man the markets are so much like sheep frustrating sometimes ...
Oh well ... now we start again
Nice sell off this morning ... because EMR is directly affected by someone in the US not being able to pay of their mortgage????
Man the markets are so much like sheep frustrating sometimes ...
Oh well ... now we start again
Re: EMR - Emerald Oil and Gas
I seriously cant understand why there's such huge difference btw EGO and EMR. this morning EGO jumped 15% and EMR dropped 15%, and yet EMR is the one with the lower mkt cap, i guess after all the mkt is unreasonable...
Nice sell off this morning ... because EMR is directly affected by someone in the US not being able to pay of their mortgage????
Man the markets are so much like sheep frustrating sometimes ...
Oh well ... now we start again
I seriously cant understand why there's such huge difference btw EGO and EMR. this morning EGO jumped 15% and EMR dropped 15%, and yet EMR is the one with the lower mkt cap, i guess after all the mkt is unreasonable...
Re: EMR - Emerald Oil and Gas
Yeah tell me about it ... doesnt make sense
Market Cap EGO 86 mill
Market Cap EMR 22 mill
Aprox same exposure to Valentine ... EMR more tenemants next door 100% owned ...
EMR is 1/4 value of EGO ... hrmmm
I seriously cant understand why there's such huge difference btw EGO and EMR. this morning EGO jumped 15% and EMR dropped 15%, and yet EMR is the one with the lower mkt cap, i guess after all the mkt is unreasonable...
Yeah tell me about it ... doesnt make sense
Market Cap EGO 86 mill
Market Cap EMR 22 mill
Aprox same exposure to Valentine ... EMR more tenemants next door 100% owned ...
EMR is 1/4 value of EGO ... hrmmm
Re: EMR - Emerald Oil and Gas
I'd stock up again at 25-26 but I topped up happily at 31 and i'm out of punting money on something this speculative. My average buy is 26.2c anyhow, 21, 21.5, 28 & 31. So i'm not too concerned.. I'm really just waiting for results now although if there is a significant movement up in the next 20 days I might try and freecarry a portion.
I'd stock up again at 25-26 but I topped up happily at 31 and i'm out of punting money on something this speculative. My average buy is 26.2c anyhow, 21, 21.5, 28 & 31. So i'm not too concerned.. I'm really just waiting for results now although if there is a significant movement up in the next 20 days I might try and freecarry a portion.
Re: EMR - Emerald Oil and Gas
Anyone willing to take a punt what it will close at today? Depending on the panic / margin calls this arvo, I'll be an optimisist and say 0.27.
At least the drop today has been on lower volumes than the breakout (so far anyway). If US can at least go sideways for a a few days I think we might see it recover a little. Fair chance the US was slide again though.
Anyone willing to take a punt what it will close at today? Depending on the panic / margin calls this arvo, I'll be an optimisist and say 0.27.
At least the drop today has been on lower volumes than the breakout (so far anyway). If US can at least go sideways for a a few days I think we might see it recover a little. Fair chance the US was slide again though.
Re: EMR - Emerald Oil and Gas
seeing such a huge drop on our market with lil news coming out of US, i think we should recover about 1% tomorrow from bargain hunters, then we'll see EMR up to yesterday's level (MAY BE!!). well if we close above 5800 pts that is.
seeing such a huge drop on our market with lil news coming out of US, i think we should recover about 1% tomorrow from bargain hunters, then we'll see EMR up to yesterday's level (MAY BE!!). well if we close above 5800 pts that is.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
Re: EMR - Emerald Oil and Gas
So: up, down, sideways, depending on the US and whether I find a four leaf clover tonight, in Peru. he, he.
Personally, I'm going to guess on a neutral day tomorrow. From shell shock.
(if I find a four leaf clover tonight)
LOL.
So: up, down, sideways, depending on the US and whether I find a four leaf clover tonight, in Peru. he, he. Personally, I'm going to guess on a neutral day tomorrow. From shell shock.
(if I find a four leaf clover tonight
)Re: EMR - Emerald Oil and Gas
Recent events in the US are really having a bad effect on sentiment. Although I could have sold my options yesterday for a quick 30% turnaround I'm going to hold on for a little while yet. EMr appears to be the most attractive entry point into both Valentine and Stokes Bay.
DYOR
Recent events in the US are really having a bad effect on sentiment. Although I could have sold my options yesterday for a quick 30% turnaround I'm going to hold on for a little while yet. EMr appears to be the most attractive entry point into both Valentine and Stokes Bay.
DYOR
Re: EMR - Emerald Oil and Gas
Check out this announcement by Arc - looks like they're confident
ASX ANNOUNCEMENT
Wednesday 15 August 2007
The Canning Basin exploration program ARC’s up
ARC announced on Monday 13 August the spudding of the Valentine-1 exploration well near
Derby in northwest Australia’s Kimberly region. Valentine-1 marks the start of a major oil and
gas exploration program in one of the most under-explored Palaeozoic aged basins in the
world – the Canning Basin.
ARC has rapidly established holdings in excess of 75,000 square kilometres in the Canning
Basin, giving it by far the largest acreage position in the Basin. ARC’s holdings include a wide
variety of geological play types, with more than 30 prospects and leads already identified with
very significant potential for substantial quantities of both oil and gas.
ARC’s interest in the Basin was sparked by its similarities to other Palaeozoic basins around
the world where prolific reserves of oil and gas have been discovered. Furthermore, the
factors that had previously made exploration in the Basin difficult have now been largely
overcome. ARC is now initiating the re-evaluation of the Basin with the spudding of Valentine-
1.
The Valentine-1 well is targeting a large gas-condensate prospect. It is the culmination of the
last 12 months of work by ARC to establish its commanding acreage position in the Canning
Basin, review and re-evaluate massive volumes of geological and geophysical data, identify a
series of high quality prospects and put in place the logistics for the start of a major exploration
program.
Commercial Potential
Exploration in the Canning Basin has historically been hampered by the region’s remoteness
and lack of infrastructure. However, the rapid development of the northwest has seen the
infrastructure put in place to facilitate modern and effective exploration and production of oil
and gas in onshore northern Australia. This has been amply demonstrated by the successful
and profitable production and export of oil from the Blina Field (now 100% owned and
operated by ARC).
ARC’s proven early production system for oil, developed and demonstrated by the company in
the Perth Basin, will allow even small volumes of oil discovered in the Canning Basin to be
quickly commercialised. For larger discoveries, ARC’s early production system will allow
immediate cash flow to fund the costs of a full field development.
The development of gas from the Basin will be underpinned by the gas sales contract with
Alcoa that ARC has already put in place. The existence of a firm offtake agreement with such
a significant customer will allow even modest gas discoveries to be rapidly developed.
Furthermore, the continued strengthening of the market for natural gas means gas falling
outside the contract with Alcoa will find a ready market.
Check out this announcement by Arc - looks like they're confident
ASX ANNOUNCEMENT
Wednesday 15 August 2007
The Canning Basin exploration program ARC’s up
ARC announced on Monday 13 August the spudding of the Valentine-1 exploration well near
Derby in northwest Australia’s Kimberly region. Valentine-1 marks the start of a major oil and
gas exploration program in one of the most under-explored Palaeozoic aged basins in the
world – the Canning Basin.
ARC has rapidly established holdings in excess of 75,000 square kilometres in the Canning
Basin, giving it by far the largest acreage position in the Basin. ARC’s holdings include a wide
variety of geological play types, with more than 30 prospects and leads already identified with
very significant potential for substantial quantities of both oil and gas.
ARC’s interest in the Basin was sparked by its similarities to other Palaeozoic basins around
the world where prolific reserves of oil and gas have been discovered. Furthermore, the
factors that had previously made exploration in the Basin difficult have now been largely
overcome. ARC is now initiating the re-evaluation of the Basin with the spudding of Valentine-
1.
The Valentine-1 well is targeting a large gas-condensate prospect. It is the culmination of the
last 12 months of work by ARC to establish its commanding acreage position in the Canning
Basin, review and re-evaluate massive volumes of geological and geophysical data, identify a
series of high quality prospects and put in place the logistics for the start of a major exploration
program.
Commercial Potential
Exploration in the Canning Basin has historically been hampered by the region’s remoteness
and lack of infrastructure. However, the rapid development of the northwest has seen the
infrastructure put in place to facilitate modern and effective exploration and production of oil
and gas in onshore northern Australia. This has been amply demonstrated by the successful
and profitable production and export of oil from the Blina Field (now 100% owned and
operated by ARC).
ARC’s proven early production system for oil, developed and demonstrated by the company in
the Perth Basin, will allow even small volumes of oil discovered in the Canning Basin to be
quickly commercialised. For larger discoveries, ARC’s early production system will allow
immediate cash flow to fund the costs of a full field development.
The development of gas from the Basin will be underpinned by the gas sales contract with
Alcoa that ARC has already put in place. The existence of a firm offtake agreement with such
a significant customer will allow even modest gas discoveries to be rapidly developed.
Furthermore, the continued strengthening of the market for natural gas means gas falling
outside the contract with Alcoa will find a ready market.
- Joined
- 12 April 2007
- Posts
- 999
- Reactions
- 0
Re: EMR - Emerald Oil and Gas
Close of 25c
Report from Hartleys
http://www.arcenergy.com.au/files/brokerreports/Hartleys 14 Aug 07.pdf
Have a read and see the comparisons between the different partners.
Close of 25c
Report from Hartleys
http://www.arcenergy.com.au/files/brokerreports/Hartleys 14 Aug 07.pdf
Have a read and see the comparisons between the different partners.
Re: EMR - Emerald Oil and Gas
good find Moneymajix, according to Hartleys valuation, the full realised value of the valentine project on EGO is 5.5c, thats with 1200bcf gas. with the current share price at around 5c is rediculous!
EMR is valued close to 90c, which is more than 3 times the current SP, when will people realise this...
Close of 25c
Report from Hartleys
http://www.arcenergy.com.au/files/brokerreports/Hartleys 14 Aug 07.pdf
Have a read and see the comparisons between the different partners.
good find Moneymajix, according to Hartleys valuation, the full realised value of the valentine project on EGO is 5.5c, thats with 1200bcf gas. with the current share price at around 5c is rediculous!
EMR is valued close to 90c, which is more than 3 times the current SP, when will people realise this...
Re: EMR - Emerald Oil and Gas
Not sure with that last one but Emerald has more potential now. EGO was a good price absolutely when it was 0.007 but now its just getting ridicoulous.
It might sound dumb but some people are more inclined to buy a share at 1c than 25c purely because they get more of them and figure well it cant go down much more etc.....
I would hazard a guess that about 50% of buyers were buying purely on the volume of trades going through heck its been the number 1 on the ASX for this whole week it has got alot of attention, im holding tight within the next 2 weeks or so im pretty confident we should see a fairly hefty rise in sp
Not sure with that last one but Emerald has more potential now. EGO was a good price absolutely when it was 0.007 but now its just getting ridicoulous.
It might sound dumb but some people are more inclined to buy a share at 1c than 25c purely because they get more of them and figure well it cant go down much more etc.....
I would hazard a guess that about 50% of buyers were buying purely on the volume of trades going through heck its been the number 1 on the ASX for this whole week it has got alot of attention, im holding tight within the next 2 weeks or so im pretty confident we should see a fairly hefty rise in sp
Re: EMR - Emerald Oil and Gas
great news, another two projects r underway, i think we'll see alot of positive news end of this month.
"The Company’s independent expert, Marv Ginzel gave the Kathleen Marie #2 well a greater than 80% probability of success in the Company’s March 2006 prospectus."
its a shame that the market is taking a hammering, i hope this wont dampen EMR holder's confidence! keep it in mind, a conservative value on the Valentine project is probably 40-50c (see Hartley's Report), and its also got couple of projects in Texas. at the current SP, its seriously undervalued if it does go below 22-23c range, ill accumulate a bit more.
great news, another two projects r underway, i think we'll see alot of positive news end of this month.
"The Company’s independent expert, Marv Ginzel gave the Kathleen Marie #2 well a greater than 80% probability of success in the Company’s March 2006 prospectus."
its a shame that the market is taking a hammering, i hope this wont dampen EMR holder's confidence! keep it in mind, a conservative value on the Valentine project is probably 40-50c (see Hartley's Report), and its also got couple of projects in Texas. at the current SP, its seriously undervalued if it does go below 22-23c range, ill accumulate a bit more.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,004
Re: EMR - Emerald Oil and Gas
Yes, also keep in mind that they may not find anything in that hole too. The 40-50 or whatever, is in large part to success. The chances of that have been outlined previously. Let's not get ahead of ourselves, there is risk. Having said that, I darn well hope they find an elephant.
