IND - Indus Energy

[basilio]

Re: QPN - Quest Petroleum

Someone is taking a position with QPN. Bit of a flurry on the market and around 11mill shares sold to one buyer.

Perhaps a spud date will be announced soon ?

 

[newanimal]

Re: QPN - Quest Petroleum

yeah quite a buy. Seems a flurry of buyers (orders) entered as well to further the depth weight to the buy side. Good.
Seems the time and season would be ripe for a drill announcement....hmmm

 

[basilio]

Re: QPN - Quest Petroleum

QPN has finally released an update on the process for drilling at their new prospect.

They are buying the property on which they will drill and now have to negotiate drillers, rigs and whatever. Doesn't seem like a quick process.

I'm disappointed with this company. There was no indication last year that this process would be so involved and drag out so long. Sort of feel as if the directors are taking too much time over the process.

Any thoughts ?

http://newsstore.fairfax.com.au/app...rkets.theage.com.au/apps/qt/quote.ac?code=qpn

 

[BESBS Player]

Re: QPN - Quest Petroleum

Hi Basilio,

After a longer than anticipated wait, I'm quite happy with today's progress/announcement. Before QPN can run, it needed to establish land access, and importantly the 'rights' to oil & gas. This has been achieved. It took a while (as do many things in Indonesia) but as long as it is done legally and supports the company going forward, then this is diligent management when operating if newly developed/developing nations.

Currently, the market is slow for the junior oilers. That said, QPN has a lot going for it once we get a rig announcement and an estimate of spud date. They will be the catalysts for SP movement. IMHO, the SP movement will be significant at that time. Reasons for this include:

* target potential up to 59mmbbl or 340Bcf gas. This is a large target given the MC of Quest. Most traders prefer a high impact drill as it offers the possibility of a high impact return. QPN's drill offers this.
* the SP is still within range of historic low levels. Last year the SP hovered over 1c on anticipation of drilling. From here, that would be 100% return.
* If one takes the options as a guide (currently .002c for use at .015c), then punters are banking on .017c to break even. Clearly this is speculation on their behalf. That said, last year the SP hovered close to .012c on anticipation of drilling. When the real things actually occurs...
* The leverage from such a low base price, and the % increase per .001c from this low base, should make it appealing for day-traders and speculators alike.
* QPN have potential drills to follow if implemented. This encourages punters who wish to hold through the drill and are not playing a BESBS (Buy Early Sell Before Spud) approach.

We should now start to see accumulation after today's announcement, although probably not large SP movement. Bring on the rig contract and a spud date - then the real action begins.

As I said earlier, it has taken longer than I expected. That said, if the SP gets the options into the black as drilling commences, then we are sitting on 200%+ profit from here. If that is your only trade each year, you will do well. It is rare that I would speculate more than 4 or 5 times a year. It isn't the number but the profit that counts. Some things are worth the wait. Hang in there!

Holding QPN at .0055c ave

 

[basilio]

Re: QPN - Quest Petroleum

QPN is really dragging the chain now. We are now seeing dips into .003 territory which seemed almost unthinkable months ago given the cost vs return potential of this play.

Anyone have any info/vibes on the current state of play ?

 

[newanimal]

Re: QPN - Quest Petroleum

QPN is really dragging the chain now. We are now seeing dips into .003 territory which seemed almost unthinkable months ago given the cost vs return potential of this play.

Anyone have any info/vibes on the current state of play ?

I'm a little baffled myself, all the fanfare and build up ...land deal resolved etc., end of june and still not a peep regards to a drill date...nevertheless, I believe BESBS players last post above still holds true. I'm hoping to free up some cash
to buy up some more while at these prices.

 

[basilio]

Re: QPN - Quest Petroleum

Finally some movement at the station..

QPN has confirmed outright purchase of the land for the first drilling. Probably explains the bit of a flurry over teh past couple of days with all the .004 shares being taken out. I think there should be some strengthening of interest today as the market digests this news.

Be good to see some quick announcements of drilling dates.

http://newsstore.fairfax.com.au/app...rkets.theage.com.au/apps/qt/quote.ac?code=qpn

 

[Mrnuddles]

Re: QPN - Quest Petroleum

I for one am very pleased with this last announcement.
I have been less then happy with managements lack of communication over the last 12 months.

I have a million shares in this company and I am very much looking forward to the day when my shares will be worth 50c to a dollar each and my money worries are over.

Sounds like a pipe dream I know but I think it may even happen in the next 1-5 years, I can be patient for those kind of returns.

QPN certainly has the management team in place and seem to be putting the right strategies in place to accomplish their goal of becoming a Mid Tier producer similar to Rio Tinto or Santos.

Santos last SP was $12.45, bring it on QPN.

 

[basilio]

Re: QPN - Quest Petroleum

I have a million shares in this company and I am very much looking forward to the day when my shares will be worth 50c to a dollar each and my money worries are over.

Only a teensy, weensy bit hopeful here...

Hell I'd be rapt if it reached 2c and totally delirious at 5c ! Lets see them actually put a bit into the ground and bring up something more than mud shall we ?

Cheers

 

[prawn_86]

Re: QPN - Quest Petroleum

QPN certainly has the management team in place and seem to be putting the right strategies in place to accomplish their goal of becoming a Mid Tier producer similar to Rio Tinto or Santos.

Care to elaborate as to how they will acheive this? ASF is a place for discussion and analysis not ramping

 

[Country Lad]

Re: QPN - Quest Petroleum

QPN certainly has the management team in place and seem to be putting the right strategies in place to accomplish their goal of becoming a Mid Tier producer similar to Rio Tinto or Santos.

Santos last SP was $12.45, bring it on QPN.

Oh yes? 50 cent to $1? Let's see, at the same P:E and eps as STO, and let's take middle of your price range at 75 cents, that gives it a net profit (after tax and everything else) of around $98 million.

That would put it in the top 100 companies listed on the ASX based on profit. How realistic is that?

Maybe a little more detail and thought before making your first post ramping a penny dreadful would be in order.

Cheers
Country Lad

 

[Mrnuddles]

Re: QPN - Quest Petroleum

Hi Country,
Not sure why you feel the need to insult me because I have only made one post in this forum.
I have been posting in various other forums for many years with no nasty comments, maybe this forum is not for me if the class of people are similar to you.

With regard to QPN, I will be laughing at you in a year or two when my predictions come true.
I wasn't telling you to buy them or even suggesting the same, just talking really.

 

[Joe Blow]

Re: QPN - Quest Petroleum

Hi Country,
Not sure why you feel the need to insult me because I have only made one post in this forum.
I have been posting in various other forums for many years with no nasty comments, maybe this forum is not for me if the class of people are similar to you.

Nobody is insulting you. You are simply being called out for your ramping.

With regard to QPN, I will be laughing at you in a year or two when my predictions come true.
I wasn't telling you to buy them or even suggesting the same, just talking really.

It seems you are also unable to stop ramping, even after having it pointed out to you.

I think it's reasonable to expect that you support your assertions with some kind of explanation. At $0.004 cents per share QPN has a market cap of around $12 million. Your arbitrary price targets suggest a market cap of $1.5 billion to $3 billion.

Perhaps you could outline, in some detail, how you can justify such a market capitalisation based on what the company has announced to the market? I'm sure everyone here would be very interested in your analysis.

 

[BESBS Player]

Re: QPN - Quest Petroleum

G'day all.

Still holding and waiting. The good news is that QPN own the land. In the case of Indonesia, this will be a huge benefit IF the drill bit is successful.

Given the recent market decline since early may, and then tax-loss selling, it has probably been a good thing that QPN haven't announced drilling in that period. That said, late July-August would be greatly appreciated, especially if the general market can stabilise a little.

I've been accumulating a few more at .004c . My thoughts on QPN are listed on my last post and the basics of that analysis remain largely unchanged.

Holding QPN at .00475c ave and waiting eagerly

BESBS

 

[hangseng]

Re: QPN - Quest Petroleum

G'day all.

Still holding and waiting. The good news is that QPN own the land. In the case of Indonesia, this will be a huge benefit

"Quest has successfully negotiated to purchase the land outright rather than entering into a land access or use agreement. Title is held in the name of SKKMigas, as required under Indonesian law."

Whilst this is a positive move, QPN doesn't "own" the land, if they owned it the title would be in their name.

SKKMigas is the new government controlled entity, after BPMigas was ousted last year, and they are yet to be tested as to honouring agreements.

For the sake of my friends holding large parcels I hope this works out as planned. The Ranau location has the potential to transform QPN, but the corrupt local, regional amd national govt entities give me little confidence.

Let's hope the new entity is above all of the corruption here, as this has the potential to be a significant project and a company maker.

QPN's wildcard remains as the name Thamrin, he may just be able to pull them through. What surprises me is why QPN, via Prabu Energy, didn't hold the title, that they can do under Indonesian law as they have Thamrin an Indonesian national as a director and Prabu an Indonesian entity. Why in the name of a govt body such as SKKMigas?

A positive, should it eventuate, is the govt is now looking at the maze of permits and looking to streamline the process. Should this happen it can transform this country into a wave of incoming international investment. If it ever happens...

What they do need to do is to get a drillbit into the ground, now over a year since they first announced this would occur, not once but twice. I watch very closely at QPN and any sign of a drilling company here being engaged I will go for the initial ride. So far not a hint of this happening.

I also watch RYG for any hint of the same, except in geothermal. Another industry hampered by Indonesian govt meddling. If, and a big if, RYG drills as they plan here and find what is being sought after, then investment companies will be all over them.

 

[basilio]

Re: QPN - Quest Petroleum

QPN has been dumped. 41 million shares dropped with the SP halving to .002.

WTF is happening ? Have the management skipped to the Bahamas with the last capital raising ? Any thoughts/news ?

 

[newanimal]

Re: QPN - Quest Petroleum

QPN has been dumped. 41 million shares dropped with the SP halving to .002.

WTF is happening ? Have the management skipped to the Bahamas with the last capital raising ? Any thoughts/news ?

in my limited knowledge and experience
I can only come up with a few ideas:

1. Some large holders lost their patience
2. it's a shake out before heading north
3. the whole thing was a scam and management has skipped to the Bahamas with the last capital raising

 

[hangseng]

Re: QPN - Quest Petroleum

in my limited knowledge and experience
I can only come up with a few ideas:

1. Some large holders lost their patience
2. it's a shake out before heading north
3. the whole thing was a scam and management has skipped to the Bahamas with the last capital raising

Or all three .....

I know of two large holders that let go yesterday, me not one of them as I sold out much higher long ago and have been waiting on some positive movements inn activity.

Other than that it may be 3. as the fast buyback today has been telling with 23,597,710 bought back at 3 so far. I was tempted but too slow as usual...

 

[Paavfc]

Re: QPN - Quest Petroleum

These guys have let shareholders down bigtime imo.

3 Wells in 2012 were promised maybe they meant 2015 !!

 

[Bonk]

Re: QPN - Quest Petroleum

Players come and go , that means nothing only that they probably should have been some where else all the time .... I am happy to hold and play . Currently av 0.005c .... relax !