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ERN - Erongo Energy

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Well I want rewards..I know there is risk with this one...could lose but hey I'm pretty far in front for the year so I'm having a go on this one because I like their grounds in Namibia. Ive researched what they currenty have and the areas havnt had much exploration done on them yet. Its in very eary stages so we dont have much to go by atm. Erongo's EPL's in Namibia contain a lot of granite ore which is the source of primary uranium mineralisation such as the Goanikontes and Rossing deposits.

I also took into consideration other uranium explorers in Namibia..and hey..this looked like a good deal to me. They have a 90% interest in their EPL's which is great. They also have cash flow from existing oil assets and I consider that very important for the funding of future exploration in Namibia.

I actually contacted Patrick Flint the Executive Director and spoke to him about a month ago now. He seemed confident. He does know they are in a very early stage and things will get off the ground in the first quarter of 2007. Nothing you guys dont allready know.

I also bought into them because of the guys in the top 20 holders list. They arent stupid. Klaus Eckhof, Reg Gillard and Dr Leon Eugene Pretorius are major share holders in this one. Those guys arent stupid.

Link on Reg Gillard below.

http://www.eneabbagas.com.au/index.php?page=viewStory&title=Board+of+Directors

Link on Klaus Eckhof below.

http://www.aurora-gold.com/s/about.asp

Link on Dr Leon Eugene Pretorius.

http://www.investegate.co.uk/Article.aspx?id=200506300700282505O
 
I have liked this stock ever since the uranium whispers started when it was called Louisiana Petroleum.

The airborne surveys look very nice and point to a quite possibly very promising future.
 
After some research, jumped on board today at 40c...seems like this is due for a short term increase..as has been lagging other U stocks...plus great long term potential. Thanks for the info all who posted.
 
Rising niceley. Looking the goods this one. I think its going to have a great 2007. Drilling will commence this year and the anticipation will cause it to take off. Uranium is hot..and these guys have some great licenses. Come on Erongo claim that 5th license and then she'll power for sure!
 
Thanks for your posts Chris.
My 'buy gain' trigger got hit this morning so I am now a shareholder.
It will be good if the oil/gas interests can help fund the uranium drilling.
By the looks of it, they only produce around 600 barrels of oil a day?? When you take out the cost of production, that is not a lot of money in the hand.
Have you found anywhere the revenue they collect from the gas interests?
 
Hey Morgan ive read it somewhere. I'll try find it late tonight some time. Good luck with erongo. Ive researched hard into this one and hopefully it pays off because ive put a fair slice of my portfolio into it. It should be the next uranium play in Namibia to take off IMO.
 
"Erongo energy Limited (Erongo) listed on the ASX in July 2005 as Louisiana
Petroleum Limited. At listing the Company main asset was an interest in the
Caddo Pine Island Petroleum Field located in Louisiana, USA. Production from
the field in the near term is expected to be at approximately 600bbls of oil and 2MMcf of gas per month that will generate a modest operating cash surplus. Any additional development work will be self-funding and the asset is expected to be profitable in the first half of 2007."


The oil and gas assets are not going to push them through the roof..its up there how much they will produce but I'm not going to work it out just now..maybe later. The uranium hype is the one that will make them fly. The oil and gas is not huge but it is cash flow for them and will help if only a little bit. Atleast it has some form of revenue coming in unlike most uranium explorers which is a positive for Erongo.
 
Erongo is on a sprint. Shares just hit 50 cents up 6 and oppies are at 33 up 8 cents. Bidding is very aggresive. ERN has some very large radiometric anomalies located on its Namibian claims located near Langer Heinrich and Rossing. Could attract a lot of speculative attention.
 
email from technical director Mark informs me that results from radiometrics expected within days

intense ground exploration is going to immediately follow this month for soil sampling and then drilling in possibly Late March 2007

 
Nice volume these 2 days. Up 13% yesterday and 5 % today. Definately some interests building towards their U308 exploration in Namibia. The one to watch.
 
Morgan said:
Nice close again.
Click to expand...

Indeed! Nice close on healthy volume and lots of 20K's parcel bought. Shouldn't be too long for the ann. on U survey in Namibia Hold tight!
 
Some good upward movement with this one. Increased volume. Big buyers coming in of late. Is it insiders or speculators willing to have a go..who knows..looks very interesting though. News could be close.
 
Looks to be recovering ok.

I've been trying to find some more information on these guys but there's not much out there. No company presentations or anything on the ASX. I googled them and doesn't seem to be a web site either.

Can someone point me in the direction of a website, if they have one....thanks!
 
chris1983 said:
here you go Kennas.

http://www.erongoenergy.com.au/

Theres not much on the except for a rm research report. I think I posted the link in the thread.
Click to expand...
Thanks Chris.

Must be one of the few U potentials with a market cap under $20m, if not the only one. Possibly because their Namibia foray is at a pretty early phase. They're still just trying to identify targets for drilling. Perhaps when they find a target and ann drilling it will get a boost. Will be interesting to see how quickly they can get things moving. Just getting hold of a drill seems difficult these days..

The radiometric survey looks pretty impressive when compared to Rossing and LH, but I don't know enough about all those colors to have a qualified opinion.

What do you think about management. They all seem to be bankers/brokers except the Sth African Geo. They didn't own a dot com did they?

Not much in the chart. Might have found a bottom at $0.40 for the minute. MACD looks very good.
 

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Kennas, there is a research report at RM Capital website. All of the interest is coming from the fact that ERN has two massive radiometric anomalies on their Erongo lease. A quick comparison with Langer Heinrich radiometric signal shows that Erongo has two signatures that are 10-20 times larger than at Langer Heinrich and 3 times larger than Rossing. These radiometric signals stretch out for 35 kms long and 5-10 kms wide, the second one is 15 kms x 10 kms. That means there is a very wide dispersal of surface U on the ERN leases (even a few inches of soil will mask the gamma radiation from the U). IMHO this will attract an awful lot of speculation.
 
sydneysider said:
Kennas, there is a research report at RM Capital website.
Click to expand...
Thanks Sydneysider. I don't know too much about RM Capital. Are they reputable? I noticed they got paid $30K for the report, and they own the stock.....
 
kennas said:
Thanks Sydneysider. I don't know too much about RM Capital. Are they reputable? I noticed they got paid $30K for the report, and they own the stock.....
Click to expand...

My understanding is that they are very astute operators. Read the report and closely examine the size of the radiometric signal, it is truly very large. ERN reminds me of Bannerman when it was at 50 cents.
 
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