My research shows that there are no substantial shareholders which means that no one shareholder has more than 5% interest.
MHL - Monitor Energy
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My research shows that there are no substantial shareholders which means that no one shareholder has more than 5% interest.
So hopefully we start to see some change in substantial shareholder statements coming through showing accumulation.
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This may be of help. Check out the last page (54) of the Statuatory Accounts - asx ann 1/10/07.
Cheers, Spotty
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Yeah thats strange hey
you now what i bet ya ten million dollars that has changed in the last week
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This is worth a look guys relevent to MHL in its nearology i know it,s a stretch to compare but would be nice
MANAS PETROLEUM CORP (OTC BB:MNAP)
Shares Outstanding 111.M
Market Cap: 467 M
Recent Price: $4.10
Website www.manaspetroleum.com
This is our introductory Manas Petroleum report and as a consequence it is the most comprehensive. We first started looking at Manas Petroleum last winter as it began its move from $3 to $6.40. It was brought to our attention via Clarion Finanz, who are major Manas Investors and are InterOil’s original financial backers. We were impressed with Manas management’s resume and its apparent ability to acquire giant projects through-out the former Soviet Union but later worried (correctly) that its shares may have, despite its great promise, moved too far too fast. Since then its shares have first corrected along with the market and we note that market has ignored some highly significant accomplishments in Central Asia and Eastern Europe, something we will talk about later.
The company’s CEO Dr.. Alexander Becker was one of the Soviet’s top (award winning) geologists and the company has obvious connections to numerous powerful oilmen including until his recent death (from cancer) Farman Salmanov who is considered the father of the Soviet oil industry (for example he headed the committee that awarded ExxonMobil its Sakhalin I project.) But connections are one thing and acquiring giant developable oil leases are quite another. When we started watching Manas it already had a major developing its Kyrgyz Republic project which was impressive but we wondered if it was a one off event. Can they keep doing it? Clearly the more of these giant oil projects they can acquire (and get development paid for by Major oil companies) – the better chance they will have, that at least one will be highly successful - translating to giant profits for us. Our plan was to wait and let them prove themselves first. With the latest two deals and the time-line of events we judge that from now on the longer we wait the higher Manas Petroleum’s share price is likely to be. We were lucky that our wait and see strategy coincided with a very significant stock market correction, creating what we think is a huge buying opportunity.
In the past months, a parade of CEO’s from the world’s largest oil companies has warned that “it is getting extremely difficult to acquire giant sized, exploration and development plays”. ConocoPhilips Chief Executive Jim Mulva was among the more recent to say this when in July he told the U.S. Chamber of Commerce. “most of the world’s oil is controlled by exporting nations. [So] there is a great deal of international competition for opportunities to develop what’s left” What’s left is mostly Canada’s tar sands and ultra-deep and expensive Gulf of Mexico exploration. Witness the bidding frenzy in the Gulf of Mexico or the amount being paid to acquire tracts in Canada’s tar sands. Both require investments north of $30,000 per flowing barrel and offer very low returns.” In the words of Rigzone a highly respected oil industry publication regarding the Gulf’s latest wave of exploration and development: “oil companies are going to have to travel down a long expensive path”.
But in places like Central Asia the capital required is a fraction of this amount – and it can be paid back fast: in months instead of years. But you have to have access to those oil lands - a very rare thing. If a company does however, it can quickly go from being a small company to become a giant company. After studying its activities carefully for the past eight months it is apparent that Manas Petroleum is capable of (and has been) acquiring giant assets and as a consequence is more than likely to make us huge profits. The facts are as follows:
Fact #1 Kyrgyz is a P50 1.2 billion barrel project. Its original project in Kyrgyz Republic has (according to an independent engineering study) a most likely case of P50 1.2 billion barrels based on 10 of 23 reservoir structures already discovered. Santos, Australia’s third largest energy company is spending $54 million to get it to a commercial level of production. Until this occurs Manas Petroleum’s expenses are paid by Santos for the entire $54 million program. Manas ends up with 25% of the oil production and only when it is judged to flow at economic levels does Manas begin paying development capital costs on a pro-rata basis. We note that last month China agreed to fund gas and oil pipelines which pass either near or through Kyrgyz capital city Bishkek on their way to the Turkmenistan and North Caspian with the intent of eventually importing from the region more that 1 million barrels of oil per day and a trillion cubic feet of gas annually as the areas energy reserves are developed. The Chinese know what they are doing. Central Asia is one of the world’s last relatively low cost energy growth frontiers. Manas already has oil giant CNOOC spending almost a quarter of a billion dollars on drilling oil wells next to its Nanai concession.
Fact #2. Tajikistan has the potential to double Manas Petroleum’s P50 oil reserves. That would translate to an increase of its Central Asian P50 to total 2.4 billion barrels. Manas managed to acquire this extremely coveted piece of the Fergana oil basin (the Fergana is where the US department of Energy expects a further 3 billion barrels of light oil will be produced) in a deal announced July 12th and it again shows that the company has exceptional access to major oil assets in the Former Soviet Union. This is the company’s second major Central Asian acquisition. We sat through several presentations when the company was recently in New York. Several, not just because we wanted to really understand what Manas was doing but also because we wanted to hear what that city’s top oil analysts thought of Manas: (They were, to say the least, impressed). What we also found out at that meeting is that the Soviets did a lot of work including seismic and stratigraphic wells in the basin just before the Soviet Union collapsed - they (and Manas ex-Soviet management) have a very clear understanding of its development and exploration upside. We also were reminded (they alluded to this in a July news release regarding the acquisition) that negotiations were very advanced regarding getting a major oil company to explore and develop its Tajik holdings in a Santos-sized deal- so advanced that the major has already started a multimillion dollar seismic program on the Tajik license.
One reservoir structure is as close as three kilometers (2 miles) from oil production - dramatically reducing risk. If the Tajik concession has the same P50 1.2 billion barrels then the combined amount for the Kyrgyz and Tajik concession’s is P50 2.4 billion barrels of oil. We expect that these majors will spend well over $100 million and that if they are successful, Manas will be left with a net 25% of the 2.4 billion barrels in place or 600 million barrels of which 40% is recoverable. Using prior sales as an example we think its fair to value proven, recoverable reserves at $10 per barrel given the current oil price outlook. Consider that recent transactions in the US were as high as $18 per barrel. The upside market capitalization target for Manas is $2.4 billion or 600 million barrels times 40% times $10. This is the potential, based on the known structures in the basin and does not include exploration upside. We think it is a reasonable target because historically (over the past 100 years and more than 50 oil field discoveries) when an anticline structure has been drilled in the Fergana Basin an oil discovery was made - a 100% SUCCESS RATE. In March/April 2008 drilling is expected to begin - by then we think it will be too late to buy its shares - as the closer we get the more people will know and buy its shares in anticipation.
This is a very rich area but because it is a long way from America it is being ignored. But with the Chinese pouring billions into Central Asian energy development this is unlikely to last. Obviously the Manas licenses are very credible or they these major oil companies would not even consider spending the $100 plus million required to develop them.
Any one of these projects has the potential to turn Manas into a multi-billion market-cap company. We are now aggressive buyers.
The full report on the oil crisis ia available here if you want to have a look peak oil etc etc
http://www.undiscoveredequities.com/member-only/stock_picks.html
Good site enjoy
MANAS PETROLEUM CORP (OTC BB:MNAP)
Shares Outstanding 111.M
Market Cap: 467 M
Recent Price: $4.10
Website www.manaspetroleum.com
This is our introductory Manas Petroleum report and as a consequence it is the most comprehensive. We first started looking at Manas Petroleum last winter as it began its move from $3 to $6.40. It was brought to our attention via Clarion Finanz, who are major Manas Investors and are InterOil’s original financial backers. We were impressed with Manas management’s resume and its apparent ability to acquire giant projects through-out the former Soviet Union but later worried (correctly) that its shares may have, despite its great promise, moved too far too fast. Since then its shares have first corrected along with the market and we note that market has ignored some highly significant accomplishments in Central Asia and Eastern Europe, something we will talk about later.
The company’s CEO Dr.. Alexander Becker was one of the Soviet’s top (award winning) geologists and the company has obvious connections to numerous powerful oilmen including until his recent death (from cancer) Farman Salmanov who is considered the father of the Soviet oil industry (for example he headed the committee that awarded ExxonMobil its Sakhalin I project.) But connections are one thing and acquiring giant developable oil leases are quite another. When we started watching Manas it already had a major developing its Kyrgyz Republic project which was impressive but we wondered if it was a one off event. Can they keep doing it? Clearly the more of these giant oil projects they can acquire (and get development paid for by Major oil companies) – the better chance they will have, that at least one will be highly successful - translating to giant profits for us. Our plan was to wait and let them prove themselves first. With the latest two deals and the time-line of events we judge that from now on the longer we wait the higher Manas Petroleum’s share price is likely to be. We were lucky that our wait and see strategy coincided with a very significant stock market correction, creating what we think is a huge buying opportunity.
In the past months, a parade of CEO’s from the world’s largest oil companies has warned that “it is getting extremely difficult to acquire giant sized, exploration and development plays”. ConocoPhilips Chief Executive Jim Mulva was among the more recent to say this when in July he told the U.S. Chamber of Commerce. “most of the world’s oil is controlled by exporting nations. [So] there is a great deal of international competition for opportunities to develop what’s left” What’s left is mostly Canada’s tar sands and ultra-deep and expensive Gulf of Mexico exploration. Witness the bidding frenzy in the Gulf of Mexico or the amount being paid to acquire tracts in Canada’s tar sands. Both require investments north of $30,000 per flowing barrel and offer very low returns.” In the words of Rigzone a highly respected oil industry publication regarding the Gulf’s latest wave of exploration and development: “oil companies are going to have to travel down a long expensive path”.
But in places like Central Asia the capital required is a fraction of this amount – and it can be paid back fast: in months instead of years. But you have to have access to those oil lands - a very rare thing. If a company does however, it can quickly go from being a small company to become a giant company. After studying its activities carefully for the past eight months it is apparent that Manas Petroleum is capable of (and has been) acquiring giant assets and as a consequence is more than likely to make us huge profits. The facts are as follows:
Fact #1 Kyrgyz is a P50 1.2 billion barrel project. Its original project in Kyrgyz Republic has (according to an independent engineering study) a most likely case of P50 1.2 billion barrels based on 10 of 23 reservoir structures already discovered. Santos, Australia’s third largest energy company is spending $54 million to get it to a commercial level of production. Until this occurs Manas Petroleum’s expenses are paid by Santos for the entire $54 million program. Manas ends up with 25% of the oil production and only when it is judged to flow at economic levels does Manas begin paying development capital costs on a pro-rata basis. We note that last month China agreed to fund gas and oil pipelines which pass either near or through Kyrgyz capital city Bishkek on their way to the Turkmenistan and North Caspian with the intent of eventually importing from the region more that 1 million barrels of oil per day and a trillion cubic feet of gas annually as the areas energy reserves are developed. The Chinese know what they are doing. Central Asia is one of the world’s last relatively low cost energy growth frontiers. Manas already has oil giant CNOOC spending almost a quarter of a billion dollars on drilling oil wells next to its Nanai concession.
Fact #2. Tajikistan has the potential to double Manas Petroleum’s P50 oil reserves. That would translate to an increase of its Central Asian P50 to total 2.4 billion barrels. Manas managed to acquire this extremely coveted piece of the Fergana oil basin (the Fergana is where the US department of Energy expects a further 3 billion barrels of light oil will be produced) in a deal announced July 12th and it again shows that the company has exceptional access to major oil assets in the Former Soviet Union. This is the company’s second major Central Asian acquisition. We sat through several presentations when the company was recently in New York. Several, not just because we wanted to really understand what Manas was doing but also because we wanted to hear what that city’s top oil analysts thought of Manas: (They were, to say the least, impressed). What we also found out at that meeting is that the Soviets did a lot of work including seismic and stratigraphic wells in the basin just before the Soviet Union collapsed - they (and Manas ex-Soviet management) have a very clear understanding of its development and exploration upside. We also were reminded (they alluded to this in a July news release regarding the acquisition) that negotiations were very advanced regarding getting a major oil company to explore and develop its Tajik holdings in a Santos-sized deal- so advanced that the major has already started a multimillion dollar seismic program on the Tajik license.
One reservoir structure is as close as three kilometers (2 miles) from oil production - dramatically reducing risk. If the Tajik concession has the same P50 1.2 billion barrels then the combined amount for the Kyrgyz and Tajik concession’s is P50 2.4 billion barrels of oil. We expect that these majors will spend well over $100 million and that if they are successful, Manas will be left with a net 25% of the 2.4 billion barrels in place or 600 million barrels of which 40% is recoverable. Using prior sales as an example we think its fair to value proven, recoverable reserves at $10 per barrel given the current oil price outlook. Consider that recent transactions in the US were as high as $18 per barrel. The upside market capitalization target for Manas is $2.4 billion or 600 million barrels times 40% times $10. This is the potential, based on the known structures in the basin and does not include exploration upside. We think it is a reasonable target because historically (over the past 100 years and more than 50 oil field discoveries) when an anticline structure has been drilled in the Fergana Basin an oil discovery was made - a 100% SUCCESS RATE. In March/April 2008 drilling is expected to begin - by then we think it will be too late to buy its shares - as the closer we get the more people will know and buy its shares in anticipation.
This is a very rich area but because it is a long way from America it is being ignored. But with the Chinese pouring billions into Central Asian energy development this is unlikely to last. Obviously the Manas licenses are very credible or they these major oil companies would not even consider spending the $100 plus million required to develop them.
Any one of these projects has the potential to turn Manas into a multi-billion market-cap company. We are now aggressive buyers.
The full report on the oil crisis ia available here if you want to have a look peak oil etc etc
http://www.undiscoveredequities.com/member-only/stock_picks.html
Good site enjoy
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Thought this was interesting after my talk with the company. Here is a post from profiteer on TS after his call to the co:
1) They are final stages of the JV. A number of different Australian and North American oil and finance companies have been spoken to.
I was very interested when he brought up North American?? Who could it be.
Imagine Exonn!
2) Managment extremely well-connected. Especially in the finance industry.
Should be able to raise $$ easy
3) This is ONLY the BEGINNING. I was told that a primary reason for the farm-in is to built a major long-term relationship with a serious "industry player"
They was to use this agreeement as leverage, and as networking with a major with the understanding that they work together to acquire more "NEAR PRODUCING OIL FIELDS" around the world.
They have done this in the event that if a bargain oil asset becomes available for $50mn-$100mn...etc, they have the flexibility and financial and industry power behind them TO ACT.
I wasn't able to suss out any names, but as i said, they have been speaking to numerous Australian and North American companies and are in final stages with one company!
I think either an agreement with maybe an inv bank for long term financial support will be apart of the deal. Thats the impression i got when i was told they are speaking to financial institutions as well.
1) They are final stages of the JV. A number of different Australian and North American oil and finance companies have been spoken to.
I was very interested when he brought up North American?? Who could it be.
Imagine Exonn!
2) Managment extremely well-connected. Especially in the finance industry.
Should be able to raise $$ easy
3) This is ONLY the BEGINNING. I was told that a primary reason for the farm-in is to built a major long-term relationship with a serious "industry player"
They was to use this agreeement as leverage, and as networking with a major with the understanding that they work together to acquire more "NEAR PRODUCING OIL FIELDS" around the world.
They have done this in the event that if a bargain oil asset becomes available for $50mn-$100mn...etc, they have the flexibility and financial and industry power behind them TO ACT.
I wasn't able to suss out any names, but as i said, they have been speaking to numerous Australian and North American companies and are in final stages with one company!
I think either an agreement with maybe an inv bank for long term financial support will be apart of the deal. Thats the impression i got when i was told they are speaking to financial institutions as well.
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Hey spotty this is starting to look similar to Manas Petroleum after read all information on them and Dr Beckers connections with Santos and CIG. In looking at Manas Petroleum chart their 12 month sp range has been USD$0.40 to USD$6.40. Last trade at usd$4.04. Wishful thinking but it would nice to MHL's sp move up similarly. Again just wishful think.
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Always good to compare with peers and the path in history the peers followed on there path to success ........the rules and the mistakes made by peers in the end play can save millions to the company we hold and it.s a big bonus ...Mann is a good example of whats poss for the area and head office seem to have the local knowledge and back bone to drive us forward certainly a interesting couple of months ahead with MHL ...as with all the good ones wish i held more but when is enough enough hey very happy just to be on board this one quite exciting really so so much potential and POO can do anything and so can U308 both good company to keep ATM pity theirs not IO in Krygz Reb then we would be talking hey .....all you need is a beaker full of iorn fileings and pocket magnet latley to get a rally started lol
long live the bull
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Hey mobcat guess what? Kyrgyz has iron-ore.
http://enrin.grida.no/htmls/kyrghiz/kyrgyz_e.htm
The region is rich in minerals; non-ferrous and complex ores deposits are found in the northern part of Tyan Shan, there are also significant deposits of molybdenum, iron-ore, tin, mercury, stibium, and gold.
http://enrin.grida.no/htmls/kyrghiz/kyrgyz_e.htm
The region is rich in minerals; non-ferrous and complex ores deposits are found in the northern part of Tyan Shan, there are also significant deposits of molybdenum, iron-ore, tin, mercury, stibium, and gold.
Always good to compare with peers and the path in history the peers followed on there path to success ........the rules and the mistakes made by peers in the end play can save millions to the company we hold and it.s a big bonus ...Mann is a good example of whats poss for the area and head office seem to have the local knowledge and back bone to drive us forward certainly a interesting couple of months ahead with MHL ...as with all the good ones wish i held more but when is enough enough hey very happy just to be on board this one quite exciting really so so much potential and POO can do anything and so can U308 both good company to keep ATM pity theirs not IO in Krygz Reb then we would be talking hey .....all you need is a beaker full of iorn fileings and pocket magnet latley to get a rally started lol
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Well it looks like impatient traders and punters are exiting today, I also notice that CIG has fallen heavily today, there maybe a link ie people sellig MHL because they see "Big Brother CIG falling"
Annoying but it gives me the chance to buy more,
I don't think it will fall below 3.2c/3c
Techies whats your view?
Annoying but it gives me the chance to buy more,
I don't think it will fall below 3.2c/3c
Techies whats your view?
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I've been following this for about a week now. May be a good buying oppurtunity at the moment. Any long term guesses YT?
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MHL certainly have a checkered history: Former Names: Metabolism Health Limited (MHL), 25/7/2004; Mustang Group Limited 05/11/2003; Timemac Solutions Limited (TML), 27/11/2002; Chile Minera NL (CEA), 28/10/1999; Interchrome NL 26/09/1996;M Health Limited (MHL) 06/12/2005; Monitor Holdings Ltd (MHL), 18/04/2007.
Looks like my list of hobbies started and never completed
Looks like my list of hobbies started and never completed
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Mate I would suggest that they were other companies listed under the code MHL not monitor in a previous form. Wish I had more cash to buy up today but i couldn't resist FWLO a few days ago.
Anyways hopefully some news regarding JV soon
Anyways hopefully some news regarding JV soon
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Zero volume today. Seems the market overall is a bit slow. But still wondering why the lack of volume on this today.
Let me give it a small buy order and test the market.
the 1000001 is my order. do not misinterpret it as insider trader. mate
After test, I see ppl's intention of accumulating is still there.
in addition, his cousin performs very well today.
I think it is going to have a good day.
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Not bad... not bad... drove it up 9%.
:Although, given that it had tons of buy orders stacked at 3.0 - 3.2, I thought it was only a matter of time before it would go up 0.1/2.
Sean K
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Kennas, for a newbie can you please give a small description of what a C&P formation is please? Only if you have enough time or some direction so that I can read up on it.
Sean K
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LOL, I meant C&H. The P wasn't that far away....
A C&H is a Cup and Handle, identified by a rounded bottom 'cup like' shape and then a handle on the end, normally angled down at some degree, the less angle the better. The target from a breakout through the lip of the cup is the distance from the bottom of the cup to the lip. In this case 6 cents. Just a probability.
Here's some more info.
