NGE - NGE Capital

[adobee]

This may be interesting,

Prospectus on the following link:
http://www.ngenergy.com.au/images/prospectus.pdf
Closing date 31st October 2007

 

[cicak_kupang]

Just reading through the prospectus atm. Think i will keep this one on my rader for a while, and just see what comes of it.
Initial sp of 25c on issue, now back to low 20 range.
Any one else following this one????

 

[mexican]

Just reading through the prospectus atm. Think i will keep this one on my rader for a while, and just see what comes of it.
Initial sp of 25c on issue, now back to low 20 range.
Any one else following this one????

Got it on watch as well. Does look promising, but I am a bit concerned with NG itself, as it can be a volatile country sometimes.

 

[Wysiwyg]

Got it on watch as well. Does look promising, but I am a bit concerned with NG itself, as it can be a volatile country sometimes.

Yeah for sure on the high risk oiler here i.m.o.Especially around PPL 266 in which Conoco found water saturated reservoirs.Also the wildcats in the greenfields will be right up there for risk.

They are going to want success at Tarim PPL 269 (near ok tedi mine) to lower their overall risk rating i.m.o.The `seeps` in PPL 267 may prove up a reservoir but they still want more seismic on that plot before drilling.

Mr. John Towner has experience starting up companies so he may see this company onto a solid footing before moving on.

John Towner has experience in the resources industry combined with knowledge of public company capital raising and finance. He has a background in taking oil and gas industry assets from start to public listing, as exemplified by companies such as Sydney Gas Ltd (Director from 1999 to 2000) and Sunshine Gas Limited (Chairman from 2002 to 2003), both of which he founded and are listed on ASX. He was also instrumental in the restructuring of Anzon Energy Limited (2000 to 2001), a company that is now carrying out oil exploration and production in South-East Asia. In May 2004, John formed Ord River Resources Limited, a minerals exploration entity, and listed that company on ASX in March 2005 and he remains Chairman of that company.John is the founding Chairman of NGE.

These gents have to prove their worth if anything comes of NGE.Sure have the ground experience.Actually the team looks quite professional AND experienced.

Mr Darryl Herrington (Chief Operating Officer, Drilling Engineer)

Darryl has worked as a project manager and drilling engineer for a number of
companies including Shell Canada, Unocal, dominion Oil and Agip Oil (Italy).
Darryl was also the founding Managing Director of Scitron International, a
petroleum drilling/completion and engineering company which employed over
70 personnel worldwide in operations and engineering.

and

Mr Francis Waina has worked in PNG and Australia (Exploration Manager – PNG)
Francis the oil and gas industry in both for more than 13 years. He has obtained degrees from the University of Papua New Guinea and the University of Queensland and has experience in structural interpretation of the fold belt play, well site activities and petrochemical interpretation.

and

Dr Dan Kendrick Dan (Consultant) has over 15 years experience in the field and has worked as a structural geologist for numerous companies including Chevron Nuigini, BP, BHP Petroleum, Oil Search, Exxon Mobil, ONGC, Shell, Unocal and Woodside. He has considerable on-the-ground and modelling experience of both Papua New Guinea and Irian Jaya.

Share price in line with company progress at the moment (and the general market activity)Worth a watch i reckon.

This PDF of NGE PRESENTATION is 4.20 MB so if your slow or tight for gigs, then you know.

 

[propergeez]

NGE has had a very nice run lately .096 to .16 in a week on no announcement. Admin costs (1.3M - 1Q) seem a little high but it is their first quarter with money since float so hopefully they are paying off their dues and it gets to a sensible amount next Q.

They have been building up interest at a lot of conferences around the world and hold a huge 53,000KM2 of license's in PNG.

With Oil predicted at $200, if NGE do partner up for drilling and they find some who knows where the SP could go.

 

[Go Nuke]

Anyone else out there opened their eyes after cringing from the ecomonic meltdown, take notice of NGE again?

IMO this company is flying under the radar!!

Huge amounts of land in PNG.
Close to exsisting wells run by OSH (I think from memory)
Just announced fast tracking the drilling for a possible 187Mil barrels of oil.
About to announce a JV partner any day!


The smart money has been in PNG for ages....now this is time for a junor to take off.

Ive kept an eye on this stock since it came on the ASX. IMO someone has been looking to offload 000,000's of shares, mostly on 100K parcels.
Over the past week, the sell keeps dumping them and the buyer keeps buying them.
Someone is gobbling up alot of these shares (and Im envious)

Its possible the seller is Mr Towner.
He has 77Mil shares in the company and left recently. I mean I dont think he's selling out.....I think if you have that many shares, why not sell a few to buy yourself a new Rolls or something

Heres something interesting too.

NGE's largest holder in Mandolin PTY LTD. @17.29%
Mr Towener is a director of Mandolin.
Mandolin, in July 2008 was caught up in all that Opus B.S and sold 12.5Mil shares in ORD (OrdRiver Resources).
Now Im not sure if that money went to Mandolin, or if it was ANZ who took it...that would require more research
Interesting connection anyway

I could find nothing on the second biggest holding Asia Image Limited. @6.29%

The third larest holder is a Print and Internet publisher to the mining, oil & gas and related sectors<----What the?? I could be wrong. Or there could be a director on their board who's on NGE's.

The big thing for me is that someone has been buying them all up.

As to who that is....Insto.probably not..yet. Though when did they jump into CVN?


Today was great.
Big volume, and a close OVER 6c again.

Good stuff

Disclaimer I do hold though no way near enough for my liking)

 

[prawn_86]

After the whole FNT fiasco i personally will not invest in PNG explorers again. The PNG gov needs to be more encouraging to explorers imo.

 

[Lucky_Country]

NGE is definately in a prime position in the oil and gas rich PNG.

PNGLNG would certainly love additional resources for its plant and NGE would certainly be able to help there.

New jvp should be out very very soon and it could be exciting and a big kick for the sp.

 

[maxpen]

Has anyone read the annual report that has been released
mmmmmmmmmm like reading a spy novel lol

 

[J.B.Nimble]

Anyone else out there opened their eyes after cringing from the ecomonic meltdown, take notice of NGE again?

IMO this company is flying under the radar!!

I knew nothing of them before seeing the announcement but it all made immediate sense - a micro-cap with a 187million barrel prospect, on shore, close to existing port, proposals in hand from prospective farm-in partners, etc etc.

Worth a punt - added a few more today.

 

[Lucky_Country]

Lots and lots of upside potential for this one.

NGE has enviable acerage on a world class petrochemical province.

PNGLNG will just be the catalyst for futher development and NGE will have the resources for any expansions or other developments.

I see the money being paid for 2nd rate CSM stocks which make me wonder what is NGE really worth ?

NGE has some serious oil prospects which none of the CSM stock will ever have and China only consumes 9% of the worlds oil at the present I doubt that will last !

This one could really suprise on the upside !!!!

 

[UPKA]

with less than $2m cash in the bank, NGE needs a cash rich farm-in partner soon... otherwise it'll get nowhere, especially in PNG...

 

[Lucky_Country]

with less than $2m cash in the bank, NGE needs a cash rich farm-in partner soon... otherwise it'll get nowhere, especially in PNG...

They still have a loan facility for $2.5 million available @ 10% repayable July 2010 that should see them through until the good times are back and oil price recovers above US$75.

Once confidence returns to the market then the offers will come thick and fast on better terms than currently available.

Id rather be in than out !!

 

[UPKA]

They still have a loan facility for $2.5 million available @ 10% repayable July 2010 that should see them through until the good times are back and oil price recovers above US$75.

Once confidence returns to the market then the offers will come thick and fast on better terms than currently available.

Id rather be in than out !!

$4.5m in oil exploration is really just peanuts, many many appraisal wells need to be drilled to determine the size of the field, like i said NGE will need to get someone big, e.g. OSH on board to have any significant progress

 

[Lucky_Country]

Like I said the $4.5 million should see them through until better economic conditions return.

When they do the big oil and gas players will be forced to pay better terms to get a fair share of the NGE acerage and that would include drilling of appraisal wells.

 

[Go Nuke]

I knew nothing of them before seeing the announcement but it all made immediate sense - a micro-cap with a 187million barrel prospect, on shore, close to existing port, proposals in hand from prospective farm-in partners, etc etc.

Worth a punt - added a few more today.

Ahhhh so are you the 1 buying those pacels of 30 -50K :>

psst...lets work together and get those sellers at .061 to come down to .058
Im joking. I'll prbably get a knock on the door soon...

If you do that then it might be only you and I buying rofl.

Good stock with upside to come. BUT they are tradionally late in making announcements.
Hope they can change that.

 

[Go Nuke]

Anyone else out there opened their eyes after cringing from the ecomonic meltdown, take notice of NGE again?

IMO this company is flying under the radar!!

Huge amounts of land in PNG.
Close to exsisting wells run by OSH (I think from memory)
Just announced fast tracking the drilling for a possible 187Mil barrels of oil.
About to announce a JV partner any day!


The smart money has been in PNG for ages....now this is time for a junor to take off.

Ive kept an eye on this stock since it came on the ASX. IMO someone has been looking to offload 000,000's of shares, mostly on 100K parcels.
Over the past week, the sell keeps dumping them and the buyer keeps buying them.
Someone is gobbling up alot of these shares (and Im envious)

Its possible the seller is Mr Towner.
He has 77Mil shares in the company and left recently. I mean I dont think he's selling out.....I think if you have that many shares, why not sell a few to buy yourself a new Rolls or something

Heres something interesting too.

NGE's largest holder in Mandolin PTY LTD. @17.29%
Mr Towener is a director of Mandolin.
Mandolin, in July 2008 was caught up in all that Opus B.S and sold 12.5Mil shares in ORD (OrdRiver Resources).
Now Im not sure if that money went to Mandolin, or if it was ANZ who took it...that would require more research
Interesting connection anyway

I could find nothing on the second biggest holding Asia Image Limited. @6.29%

The third larest holder is a Print and Internet publisher to the mining, oil & gas and related sectors<----What the?? I could be wrong. Or there could be a director on their board who's on NGE's.

The big thing for me is that someone has been buying them all up.

As to who that is....Insto.probably not..yet. Though when did they jump into CVN?


Today was great.
Big volume, and a close OVER 6c again.

Good stuff

Disclaimer I do hold though no way near enough for my liking)

This is strange....

Guess what company Mr Andrew L Kent is an Executive Chairman on..Aspermont Limited...what do they do....The company is a publisher of mining, engineering, construction and home building.

Im willing to bet that its been Mr Kent buying!

 

[Lucky_Country]

Well it looks like NGE is getting the team onboard ready for some action.

Farmin partners are probably coming back with better offers now oil price is up and market sentiment is slowly growing.

Lets hope Andrew Kent give NGE alot of publicity !!!

 

[J.B.Nimble]

Ahhhh so are you the 1 buying those pacels of 30 -50K :>

psst...lets work together and get those sellers at .061 to come down to .058
Im joking. I'll prbably get a knock on the door soon...

Yes, I might account for a few of them... I'll be looking for dips to add a few more - got some nice profits coming out of Nido that deserve another oily home...

 

[Go Nuke]

Somebody just keeps taking chunks out of the sell side.

Personaly I think its one of the directors or their companies.
Now we just have to wait and see if that 200K+ sell order at .061 gets taken out.

Ive noticed that the sellers aren't budging on price but would think a retracement in the DOW and XAO is comming which might provide that dip your looking for.

Lucky_Country, i dont expect to hear anything about a JV anytime soon. (as in weeks not months )

So far NGE hasn't had the best track record at keeping time with their announcements.

I'm a bit sus on all these guys with media connections on the board....doesn't instill me with alot of confidence....but I hold so I must see some upside top the company