QGC - Queenland Gas Company

[laurie]

Did anyone bother to read the announcment

Well it's normally not placed on the initial announcement as most people including myself assume these pages are standard trading halt forms so if this was the case as it was then why not announce the full reason then

cheers laurie

 

[RichKid]

Here's an explanation for the equity raising: http://www.smh.com.au/news/Business...eld-development/2006/08/04/1154198324487.html

 

[TjamesX]

What happened today that was good for QGC?

say bye bye to PNG....

TJ

 

[Dukey]

Wow - QGC have been jumping lately !! (but so quiet on the forums??)

Just touch the $1.00 milestone today Gotta love these guys!

Can anyone see any negative issues going forward?? I certainly can`t!!

-dukey

 

[GreatPig]

Up over 9% yesterday and another 23% today. This bird has wings!

A pity I sold out of them some time ago...

GP

 

[3 veiws of a secret]

Up over 9% yesterday and another 23% today. This bird has wings!

A pity I sold out of them some time ago...

GP

Santos are at the revolving doors downstairs, looks like QGC is being swallowed up! - I bet shareholders with SGL must be feeling PIG SICK! :iagree:

 

[3 veiws of a secret]

Actually no point having my 10K shares parked on 99 cents, looks like I missed the turtle race.

 

[nioka]

There seems to be a connection between the trading in AOE and QGC today. Any comments?

 

[TjamesX]

There seems to be a connection between the trading in AOE and QGC today. Any comments?

QGC and AOE are both coal seam gas (natural gas) companies. They are the two with the largest uncontracted gas reverves on the east coast of aus.

AOE has followed QGC because people are speculating that a larger player will take also them over (but QGC has the better assets......)

TJ

 

[Dukey]

Mmmm happy days for me & QGC. Wish i was in for 100k shares instead of my measly portion - but thats easily said in hindsight.

How about the offer?? What do you think....The current offer from santos is $1.26 per QGC share.
Todays close for QGC was 1.37 !! Which makes me think many folks are aware of the potential future value of QGC.

As tempting as $1.37 or even 1.26 is - my gut says this ones a keeper. The next 1-2 yrs should be nice to QGC - but then - what do i know?? They just seem to have great assets and great management.

Any opinions from shareholders and watchers??
Dukey in Nihon

 

[3 veiws of a secret]

sorry guys but is there a possibilty of ALL /AGL getting involved here ? Speculation yes -but the synergies are all in the mix. :nuts:

 

[laurie]

This is happening because Santos pulled out of the PNG pipeline! and taking over QGC is far cheaper so assume the pipeline fron PNG is finished the big winner is Peter Costello via ATO[CGT urghh] not many holders holding longer that a year

cheers laurie

 

[chris1983]

QGC and AOE are both coal seam gas (natural gas) companies. They are the two with the largest uncontracted gas reverves on the east coast of aus.

AOE has followed QGC because people are speculating that a larger player will take also them over (but QGC has the better assets......)

TJ

Well to date QGC has performed better. Evident in the SP. But Arrow are a lot cheaper than Queensland Gas atm and have great assets. IMO the growth into India is important. Powerhouse economy where Gas is quite expensive. Awarded 3/4 of the best blocks in the recent CBM licenses. See below. They have a lot of Gas to develop in their recent expansion into India.

"Arrow Energy said it won three blocks in north-eastern India, where a fast growing economy and high gas prices "could underwrite significant revenue generation for the company".

Arrow’s equity share of 35% to 40% of the blocks was won as part of a bidding consortium with India's Gail, Swedish infrastructure company Energy Infrastructure Group and Indian power giant Tata Power.

The Raj Mahal block in the state of Jharkhand has an estimated resource of 5.5 trillion cubic feet with the other blocks in the state of Chattisgarh having estimated resources of 4.2 Tcf and 1.9 Tcf, respectively.

Chief executive Nick Davies said: "The award of these blocks is the first step in Arrow’s strategy to expand internationally and meant future growth would not be constrained within the domestic gas market."

Dont forget they have one of the largest onshore Gasfields in Australia. See below.

"Reserve certifiers Netherland, Sewell and Associates Inc. (NSAI) of Dallas, Texas have confirmed a large reserves base at the Tipton West field with the certification resulting in 1P, 2P and 3P reserves of 25 PJ, 124 PJ and 2104 PJ respectively, making it potentially one of Australia’s largest onshore gas fields."

IMO arrow will catch up to QGC's share price.

 

[Dukey]

I've just had a look at AOE. Wish i got in there a month or more ago . But looks to have plenty of potential upside with Tipton and India.
AOE　is definitely on my wish list now - along with more ADI who are currently drilling the potentially huge sugarloaf gasfield in US.
I'd bettor go sell some duds and put the cash where it will grow.

Go GAS Go !!!!!!!!!!!

 

[laurie]

My view is this deal with STO will not go through!! toooo much growth potential to give it away it's up to the directors who hold the aces as a matter of fact almost 38%

cheers laurie

 

[x2rider]

hi folks

It would of been quite nice nice to have been director Francis Connelly on the 4th who acquired just over 16,000 shares
I wonder if that was before or after the announcement
Cheers Martin

 

[nioka]

There seems to be a connection between the trading in AOE and QGC today. Any comments?

The answer came today with the news of a $250,000,000 Queensland pipeline which will help both market a lot of gas. Add India and AOE has a lot of room to go. That's my humble opinion for what it is worth.

 

[Dukey]

G'day all. - all quiet on the QGC thread front!!

QGC sp sitting around $1.44 today so far amid some media specualtion about a possibly bidding war for QGC, with AFL and Origen energy.....
And we all hope that happens !! dont we!!

But - where will it end - share price wise??
What do you think will be the winning bid price - if any??

I guess the markets expects a bid greater than todays price - so is $1.5 or $1.6 realistic - or maybe more??? Could it possibly get as high as $2 ??? What do you guys reckon??

(Obviously any speculations I or others make on this should be taken as just that - SPECULATION!!)

 

[chops_a_must]

QGC has been allowed extra time to independently certify its gas reserves. The markets seem to like this news, the board is obviously confident in the value of the company, and the share price is up at about 2.5% on a losing day. Not bad.

It will be interesting what happens to this one in another few weeks. If better than expected reserve results spark a bidding war thought about some time ago.

 

[Dukey]

Somehow I get the feeling from the ACCC concerns statement that the Santos T/O bid could be dead in the water - though it's early days yet.
They say there maybe competition issues with Santos potentially controlling so much gas in Qld. QGC are playing up to this as well - noting in this release that their gas will only increase competition in the Qld market IF it is developed and sold - rather than 'aquired (eg. by Santos) & warehoused'.

But the Santos bid seems to have kicked QGC management into high gear as far as trying to prove the value of QGC goes - so that not a bad thing.

Maybe someone else will have a shot??