MHL - Monitor Energy

[nioka]

I've just come in from fishing and can smell fish. Maybe the fishy smell has more to do with what I have read in relation to the Medina Group. I wonder if the "heads of agreement" has given someone a cheap entry into MHL in the event of there being a valuable find and whether there is a relationship between Medina and any or all of the directors of Monitor. It needs some more investigation.

 

[tech/a]

Well technically there is no support for MHL.---Currently.

There is some heavy volume going through soaking up supply at the moment.

Verrrry interesting.

 

[Gangis]

Tech,

Could you shed some light please on your comments.

I am completely stumped with MHL at the moment, I got in at 3c and have not looked back until now.

I appreciate your past posts and experience, what are the different scenarios that could unfold here? (Apart from the obvious - it will either go up or down)

 

[greggy]

26/07/06 saw 750000 shares bought by one of the Directors.
At the time the share price was .024c
Over the next 9 mths it more than halved to a low of .011c.
In March of 07 the stock then rose around 400%

Not a single purchase by a Director seen.
So youd think a potential rise of 400% would be seen by the directors if those with this theory are on the money.

Seems my research is proven pretty accurate once more.

Thus far the MHL Director has done well by selling at the price he did. Look at the current share in comparison. The other day it was above 6c, now its below 5c. Surely he's in a better position than most to assess MHL's worth.
DYOR

 

[billgeld]

Unless his sell caused the price of mhl to drop. He could of done this on purpose to cause this and rebuy back now at 1 to 1.4 cents cheaper.

But who knows why he sold.

 

[stinger_au]

Thus far the MHL Director has done well by selling at the price he did. Look at the current share in comparison. The other day it was above 6c, now its below 5c. Surely he's in a better position than most to assess MHL's worth.
DYOR

Yeah sort of wishing I had followed his lead. Gotten out at 6c and gotten back in under 5c. Though I guess waiting it out should not be that bad.

 

[allanliu77]

you guys can find some info of Medina Group Ltd at this site

http://web2.encom.com.au/gpinfo/gp_sep07.htm

Queensland

Applications for onshore release areas LR 2007-1-1 to LR 2007-1-16 and LR 2007-2-1 to LR 2007-2-25 closed on 27/08/2007. The following applications were received (with a number of competing applications over some of the areas):

Release Application Applicant

LR 2007-1-1 ATP 862P Medina Group Ltd

LR 2007-1-2 ATP 864P Medina Group Ltd

LR 2007-1-3 ATP 863P Coomooroo Energy P/L

LR 2007-1-4 No bids

LR 2007-1-5 ATP 865P Medina Group Ltd

LR 2007-1-6 ATP 866P Medina Group Ltd

 

[Flyer]

Monitor enters into Farmout on Kyrgyz Oil and Gas Projects for funded
seismic, drilling and operations
Monitor Energy Limited is pleased to announce that it has signed a Heads of Agreement (HOA)
with Medina Group Ltd, (Medina) a Hong Kong registered Investment Company specialising in
the oil and gas sector. The Heads of Agreement requires Medina to spend up to US$13M on
exploration. The HOA forms the framework for the ensuing Joint Venture and Joint Venture
Operating Agreement which enables Monitor to move forward with exploration in the Kyrgyz
Republic licenses at no operational cost to the Company.
Key Points
• Medina will provide up to US$5M funding, exclusive of mobilisation and demobilisation, for
a seismic survey, to earn 80% equity in the Kyrgyz Republic licenses.
• Medina to fund up to US$8M funding for drilling of an exploration/production well
exclusive of mobilisation and demobilisation to earn an extra 5% equity, taking its total to
85% subject to a successful seismic outcome.
• Medina will fund mobilisation and demobilisation costs for seismic and drilling equipment
and supplies.
• Monitor Energy Limited will be free carried for all costs in relation to the Kyrgyz Operation
to commencement of production.
• Medina will pay all operational costs associated with management and administration of the
Kyrgyz operations from 1st January, 2008.
• Monitor Energy Limited will remain exploration operator for the Kyrgyz assets on behalf of
the Joint Venture.
Both parties are now working towards completion of a more formal, Joint Venture and Joint
Venture Operating Agreement, which is anticipated to be completed by late December, 2007.

 

[gordon2007]

Yikes!!!! That is one massive sell off happening right now. I expected something but not this much.

 

[rapture2002ca]

Crikey!! I see nothing wrong in the ann to merit such a huge drop, then again I'm no techie.

Does anyone else know what the problem is?

 

[stinger_au]

Yikes!!!! That is one massive sell off happening right now. I expected something but not this much.

Damn there goes all my profit lol - what the hell happened ? From what i read i don't see anything bad in that report

 

[KIWIKARLOS]

i think it will recover to mid 4's by end of day. Fact is they now hold potentially free 15% interest in an oil project no more capital raising no spending just returns if it works out. I reakon the sel off may be because people were hoping for a higher profile partner.

Personally i dont care who it is they are still taking all the risk out of the play

 

[Quasar217]

I thought the announcement was what everyone was waiting for! I knew I should've sold at 6c...

Maybe a buying opportunity though?....

 

[stinger_au]

I thought the announcement was what everyone was waiting for! I knew I should've sold at 6c...

Maybe a buying opportunity though?....

Yeah a sell out at 6c would of been nice profit for me too i thought it was going to keep going up. Selling at 6c and buying in again now would of been very nice.

 

[KIWIKARLOS]

yeah im buying up imagine what the price would be if they hit oil!
and there is a good chance there will be no capital raising anytime soon due to JV

 

[rapture2002ca]

Yeah a sell out at 6c would of been nice profit for me too i thought it was going to keep going up. Selling at 6c and buying in again now would of been very nice.

I'm hearing ya, I'm spewing I didn't do the same thing. Now I'm down a few gorillas.

This isn't what I expected, not much else I can do now but just sit and wait.

I wish I had some spare cash to pump into it at the current price.

 

[stinger_au]

I'm hearing ya, I'm spewing I didn't do the same thing. Now I'm down a few gorillas.

This isn't what I expected, not much else I can do now but just sit and wait.

I wish I had some spare cash to pump into it at the current price.

Yeah i got no spare cash either - just have to wait and see if they hit some oil. I am not in a loss position yet - though its getting close. But being able to move from a 250k to 400k holding would of been very nice. Oh well guess i should learn to listen to my gut.

 

[YOUNG_TRADER]

Hmm looks like the old buy the rumour sell the fact,

I thought it was a good ann as the company is carried for $14m/15m AUD(depending on rate) of exploration and still retains a 15% interest in the licences

Have to now wait to see what work uncovers

 

[KIWIKARLOS]

Yeah ive been burnt a couple times with the drop on ann luckily i sold at 5.9 and bought up at 3.8. I expect it to recover if not it would certainly be a good hold untill they start drilling.

 

[stinger_au]

Hmm looks like the old buy the rumour sell the fact,

I thought it was a good ann as the company is carried for $14m/15m AUD(depending on rate) of exploration and still retains a 15% interest in the licences

Have to now wait to see what work uncovers

Am I reading this right - that MHL just gave away more than 80% of their license share? Is this a bad thing? How are they able to now mine the area?