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RAW - Rawson Oil and Gas

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Jimminy

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Oil, CSM, Natural Gas play.

Has had a great run to date. It has quite a few irons in the fire.

1. miniscule market cap ($16m). It's assets appear massively undervalued by the market.

2. Duncan Hardie being the majority shareholder; although I'm sure his 27.5% stake is small change; Over half the shares are held by Hardie and management. 60m shares on issue. Hardie is not a director.

3. The QHGP connection -
www.qhgp.com.au
Duncan Hardie is the Newcastle businessman behind the deal for QGC to take a gas pipeline from Wallumbilla to the Hunter Valley.

4. The prospectivity of the exploration sites.

5. Sesimic and drilling activity is farmed out to companies with a vested interest in RAW permits;

6. ATP873 is next to Lacerta (see Sunshine Gas)and is on the RBP. It is free-carried by TRUENERGY earning a farmin of 85%. TRUenergy also have a 5% stake in Eastern Star Gas. Adjacent to proposed QHGP hence Hardie popping up on register.

7. ATP 983 and 901 in Surat Basin (Energetica 25%, Hardie Energy 50%) to be managed by RAW - prospective for oil and gas.

8. Pedirka Basin - 2b bbl oil - see Central Petroleum farmin.

9. Pedirka Basin - farmout to Great Southern Gas. Unlisted. Here is the excluded offer term sheet: http://www.mpsecurities.com.au/Publications/2008/Great Southern Gas Term Sheet April 2008.pdf

The proposal is to assign the rights for non-conventional resources (Coal Seam Methane and tight gas) in the northern portion of EP 97 for an initial 16m shares in Great Southern Gas plus a 3pc royalty.

10. Once the Great Southern farmin is finalised RAW will own 23.5% of the co.

So basically it has a good spread of oil, natural gas and CSM plays. I like it, a bit of a punt, but I am a big fan of the Pedirka basin and it's future. Untapped:2twocents
 
Re: RAW - Raw Resources

Jimminy said:
Oil, CSM, Natural Gas play.

6. ATP873 is next to Lacerta (see Sunshine Gas)and is on the RBP. It is free-carried by TRUENERGY earning a farmin of 85%. TRUenergy also have a 5% stake in Eastern Star Gas. Adjacent to proposed QHGP hence Hardie popping up on register.
Click to expand...

Victoria Petroleum (vpe) - ATP771 (Don Juan)
Sunshine Gas (shg) - ATP795 (Lacerta)
Rawson Resources (raw) - ATP873

Correction: Don Juan lies between Lacerta and ATP873.

QGC own a 7% stake in VPE via transaction in March 08 and Odin Energy (ODN) own a 18% stake. VPE has a market cap of $74m.

VPE are targeting 200pj 2p from Don Juan with a targeted 650bcfg.

SHG have certified 2p reserves at Lacerta of 469pj. Hardie Energy (owned by Duncan Hardie - majority shareholder RAW) has an MOU in place with SHG for 8pj/pa contingent upon the Qld/hunter pipeline being constructed.

Rawson's ATP873 (northern half) overlies the primary CSG fairway of Lacerta and Don Juan that contain waloon gas measures. Two wells will be drilled late 2008 by TRU energy.

VPE have a target of 200bcf for Don Juan - they hold a 45% interest.

If we peg the value of csm to recent market transactions, we can say the 2p reserves can be valued at $1.50 conservatively per mcf. In the case of
1. ATP873 - possible 100bcf target
2. 100bcf at $1.5 for a 15% interest = $75m resource in ground value to Rawson Resources.
3. Discount this 100bcf by a 50% risk factor and we still potentially own a $37.5m asset, let alone having VPE & SHG next door.

I'm not even to going to bother with the other company assets as I have already justified why a $17.5m market cap is ridiculous.:banghead::D

Edit:PS - SHG has delineated 469pj from their 1.1tcf resource. cheers.
 
Oil, CSM, Natural Gas play.

Has had a great run to date. It has quite a few irons in the fire.

1. miniscule market cap ($16m). It's assets appear massively undervalued by the market.

2. Duncan Hardie being the majority shareholder; although I'm sure his 27.5% stake is small change; Over half the shares are held by Hardie and management. 60m shares on issue. Hardie is not a director.

3. The QHGP connection -
www.qhgp.com.au
Duncan Hardie is the Newcastle businessman behind the deal for QGC to take a gas pipeline from Wallumbilla to the Hunter Valley.

4. The prospectivity of the exploration sites.

5. Sesimic and drilling activity is farmed out to companies with a vested interest in RAW permits;

6. ATP873 is next to Lacerta (see Sunshine Gas)and is on the RBP. It is free-carried by TRUENERGY earning a farmin of 85%. TRUenergy also have a 5% stake in Eastern Star Gas. Adjacent to proposed QHGP hence Hardie popping up on register.

7. ATP 983 and 901 in Surat Basin (Energetica 25%, Hardie Energy 50%) to be managed by RAW - prospective for oil and gas.

8. Pedirka Basin - 2b bbl oil - see Central Petroleum farmin.

9. Pedirka Basin - farmout to Great Southern Gas. Unlisted. Here is the excluded offer term sheet: http://www.mpsecurities.com.au/Publi...ril 2008.pdf

The proposal is to assign the rights for non-conventional resources (Coal Seam Methane and tight gas) in the northern portion of EP 97 for an initial 16m shares in Great Southern Gas plus a 3pc royalty.

10. Once the Great Southern farmin is finalised RAW will own 23.5% of the co.

So basically it has a good spread of oil, natural gas and CSM plays. I like it, a bit of a punt, but I am a big fan of the Pedirka basin and it's future. Untapped
 
Victoria Petroleum (vpe) - ATP771 (Don Juan)
Sunshine Gas (shg) - ATP795 (Lacerta)
Rawson Resources (raw) - ATP873

Correction: Don Juan lies between Lacerta and ATP873.

QGC own a 7% stake in VPE via transaction in March 08 and Odin Energy (ODN) own a 18% stake. VPE has a market cap of $74m.

VPE are targeting 200pj 2p from Don Juan with a targeted 650bcfg - 45% interest, 45% BOW.

SHG have certified 2p reserves at Lacerta of 469pj. Hardie Energy (owned by Duncan Hardie - majority shareholder RAW) has an MOU in place with SHG for 8pj/pa contingent upon the Qld/hunter pipeline being constructed.

Rawson's ATP873 (northern half) overlies the primary CSG fairway of Lacerta and Don Juan that contain waloon gas measures. Two wells will be drilled late 2008 by TRU energy.

If we peg the value of csm to recent market transactions, we can say the 2p reserves can be valued at $1.50 conservatively per mcf. In the case of
1. ATP873 - possible 100bcf target
2. 100bcf at $1.5 for a 15% interest = $75m resource in ground value to Rawson Resources.
3. Discount this 100bcf by a 50% risk factor and we still potentially own a $37.5m asset, let alone having VPE & SHG next door.

I'm not even to going to bother with the other company assets as I have already justified why a $17.5m market cap is ridiculous.

But the Pedirka basin is the money play.

http://www.theaustralian.news.com.au/story/0,25197,23755864-18261,00.html



Edit:pS - SHG has delineated 469pj from their 1.1tcf resource. cheers.
 
I posted this in the CTP thread also as RAW & CTP have a very close relationship via farm outs on Pedirka Basin acreage:

great CTP announcement on Friday....sure should run. Only 600km pipe would be needed to the Moomba hub!!

Everyone needs to read this:

http://www.mpsecurities.com.au/Publications/2008/Great Southern Gas Term Sheet April 2008.pdf

The other company with a farmout relationship with CTP is Rawson Resources (RAW). It also put on 12% on Friday with next to no volume (measley 233,000 shares!). Only 60m shares on issue.

RAW have farmed out CBM rights for EP97 to a non-listed company called Great Southern Gas. They in turn will own 23% of the co. plus retain a 3% royalty.

The importance you ask? CTP has EP93 as covered in the report. Well....EP97 is right next door as shown in the above link. Should also add Great Southern Gas have farmed for 20% of EP93 (if you don't read the link).

RAW has a mc of $16m...

Go the Pedirka Basin!!
Click to expand...
 
Jimminy said:
Victoria Petroleum (vpe) - ATP771 (Don Juan)

Don Juan lies between Lacerta and ATP873.

QGC own a 7% stake in VPE via transaction in March 08.

VPE are targeting 200pj 2p from Don Juan with a targeted 650bcfg - 45% interest, 45% BOW.
.
Click to expand...

QGC have today increased their stake in VPE to 19% via a placement.

Focusing predominantly on ATP574 (qgc/vpe).

But it certainly points to future industry consolidation and gives them land next to Lacerta for a tilt at SHG further down the track imo.
 
Some top notch research there Jimininy. I will have a further look. The QGC connection is interesting given the consolidation that is likely to occur in the Aussie CSG space.
 
RAW- Rawson resources

Simpson 1 anticipated to start 28 Sept 08 in EP 97 Pedirka Basin . CTP operator.
target 190 UOIP . Should be interesting if they have a major oil find in this area.
RAW is free carried with 20%
CTP 80%
 
SIMPSON 1 spud yesterday 1 Oct according to CTP announcement.
Expect RAW to announce today.
EP 97 is 100% owned tenement by RAW.
CTP (operator) has farmed in to earn 80% giving RAW 20% free carry.
RAW has approx 71.6m shares on issue and cannot issue anymore until June 09
and a registry of approx 420 shareholders .
CTP has approx 252.3m shares on issue however has the ability to issue new shares.
 
had a look at their website - uranium, oil/gas and CSM...

Do these guys have a clue what they want to do? Their latest focus appears to be CSM. They appear to be chasing the latest fads. What next - hot rocks?

Will be interesting to see how much $ in the bank coz as at 30/6/08 they had 3c/share of cash
 
Dangerous said:
had a look at their website - uranium, oil/gas and CSM...

Do these guys have a clue what they want to do? Their latest focus appears to be CSM. They appear to be chasing the latest fads. What next - hot rocks?
Click to expand...

I feel you might be underestimating RAW . One of RAW's substantial shareholders is Duncan Hardie , who keeps buying every so often and if you are not aware of this , Hardie energy along with RAW have ownership of ATP 873P , not to be confused with RAW/TRU energies ATP 837P permit. Any way Duncan Hardie is the chairman of the Queensland Hunter Gas Pipeline . see http://www.qhgp.com.au/pipeline-owners.asp

RAW/Hardie have not as yet started drilling ATP 873P but I take it must have good value attached to it , for permit location see http://www.rawsonresources.com/coal_seam_gas_more_info_surat.htm
 
RAW/TRU has targeted exactly the same coal measures as PES (Pure energy resources) , 27m of coal have been intersected , just waiting on permeability results and spud of next free carried well.

Extract of PES reserve upgrade which outlines the Walloon coal measure

About the ATP852P Cameron Field The Cameron CSG Field lies directly adjacent to two other CSG discoveries (figure 2). The first, ATP651P, which is immediately to the south of ATP852P, recently certified 1P, 2P, and 3P reserves of 24.7 PJ, 264 PJ, and 805 PJ, respectively, with a Contingent Resource of 213PJ. The second discovery, which is immediately to the east of ATP852P, is the Polaris CSG Project currently being operated by BG (Queensland Gas, and formerly Sunshine Gas). The Company is targeting the Walloon Coal Measures within permit ATP852P, which are the same coals currently being put into production at Berwyndale South and Argyle, (operated by Queensland Gas Company Ltd), Daandine, Kogan North and Tipton West (operated by Arrow Energy Ltd), and Lacerta (currently under development by QGC, formerly Sunshine Gas Ltd).
 
awaiting desorption test results of ESNB 2 refer
http://www.asx.com.au/asxpdf/20090401/pdf/31gw3w41n3fdgv.pdf

market did not take to kindly to ESNB 1 not having drill stem testing due to hole condition . However my underlying thoughts are there is 27m of coal in both holes presumably over the 3km between the two and it was at zero cost to RAW , showing RAW's permit so far has value pending test results.
 
The Wallon Coal Seams have been very rewarding for SHG and BOW so in time be interesting to see what TRU Energy find here, one would think with a bit of success the 15% free interest Raw retains is worth alot more than its current mkt cap
 
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