RAW - Rawson Oil and Gas

[seasprite]

Origin pay $660m for CSG sweet spot refer http://www.theaustralian.news.com.au/business/story/0,,25372086-12829,00.html

as you will see from the diagram and from RAW's announcement it is next door and mention made to Undulla nose . 27m of coal intersected in northern portion with ESNB 1 and 2 , awaiting test results on ESNB 2 .

 

[seasprite]

RAW have been quiet for some time. Within the coming week I am expecting 1 of 3 announcements.

Geological & geophysical studies on ATP893P and ATP901P were to be completed May 1st . Seismic in the northern and central parts showed 200m to 300m thick walloon coal sequence. Drilling targets should show areas of significance.

Whether RAW have secured a drilling partner for the re drill of Giddi giddi 1 in ATP901P

Gas desorption test results of ESBN 2.

Any one of these announcements are long overdue.

 

[seasprite]

price sensitive information was announced by CTP on 22 april 2009 , but not by RAW .(This is however available on their website) Admittedly CTP's John Hughes could sell meat to a vegetarian but the point is RAW have not been advising the market. Refer to http://www.asx.com.au/asxpdf/20090422/pdf/31h5mn5csxz1lg.pdf . RAW must obviously think the UOIP estimates are too much at a guess.

 

[seasprite]

Kea Petroleum to list on AIM for aggressive exploration in NZ
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00999738

 

[Miner]

Kea Petroleum to list on AIM for aggressive exploration in NZ
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00999738

Hi Seaspirite

Could you please give some education here on the proposed or supposed equity raising proposal published in the attachment in your posting.

Will it be by RAW in ASX or in AIM for Kea Petroleum ?

I am pleased as my tip in ASF showing good progress now.

Regards

 

[seasprite]

Could you please give some education here on the proposed or supposed equity raising proposal published in the attachment in your posting.

Will it be by RAW in ASX or in AIM for Kea Petroleum ?

refer to this announcement 8th Sept 2009 , http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00986158

Kea Petroleum is a spin off from RAW and Hardie Energy . Kea Petroleum are to capital raise by listing on AIM.

As mentioned in RAW's latest Annual report regarding RAW capital raising (Chairman's Letter).
"The management of the Company's permit portfolio by farm-out has allowed the Company to keep its share register tight so that any discovery would greatly benefit its shareholders, rather than going to the market and issuing more shares to raise funds for moderate risk exploration."

As at 31 August 2009 there are 71,567,150 RAW ordinary shares held by 497 holders , and the top 20 held 44,061,723 (61.59%)

 

[Miner]

refer to this announcement 8th Sept 2009 , http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00986158

Kea Petroleum is a spin off from RAW and Hardie Energy . Kea Petroleum are to capital raise by listing on AIM.

As mentioned in RAW's latest Annual report regarding RAW capital raising (Chairman's Letter).
"The management of the Company's permit portfolio by farm-out has allowed the Company to keep its share register tight so that any discovery would greatly benefit its shareholders, rather than going to the market and issuing more shares to raise funds for moderate risk exploration."

As at 31 August 2009 there are 71,567,150 RAW ordinary shares held by 497 holders , and the top 20 held 44,061,723 (61.59%)

Thanks Sea Spirite. Got it - closely held issue understood. Good sign is the promoters will try to fill up their belly and they will be doing that through share holder value creation. On the side line I will get watered through their sprinkling action

 

[Miner]

Has any one been following RAW lately ?
It is almost a concrete statue with no movement .
ON the forum itself last posting was Seaspirite about a month back.
Just curious to see some encouraging or discouraging whatever posts from the holders / would be holders/sellers

 

[adobee]

FROM RAW ANNOUCEMENT (RAWSON RESOURCES FPO )

A 100 kilometres 2D seismic survey program will be conducted in the
Simpson East and Madigan prospect region in the EP97 permit in the
Pedirka Basin (NT). The cost of this programme will be paid for by
Central Petroleum Limited (Central) as part of a farmin in the Bejah
Block of EP97. Seismic will be run in late 2009. A well will be selected
from the results of this seismic. The potential speculated recoverable
resources in both the Madigan and Simpson East prospects are large
(greater than 10 million barrels) as the structures are large. The
Company will have a 20 percent free carried interest in this program.

 

[SilverDollar]

Can anybody tell me what the valuation of Kea is?

I know Raswon held ~27% which was then reduced to ~7.1% due to raising capital to the value of ~20mill.

A rough calc gives me a valuation of Rawsons share in Kea at just under $2million but the amount of capital raised and for what share I might have wrong as it came from various sketchy new articles. Anyone in the know?

Kea is going to be trading on Landon's AIM in ~ March 2010 I believe.

 

[Miner]

Can anybody tell me what the valuation of Kea is?

I know Raswon held ~27% which was then reduced to ~7.1% due to raising capital to the value of ~20mill.

A rough calc gives me a valuation of Rawsons share in Kea at just under $2million but the amount of capital raised and for what share I might have wrong as it came from various sketchy new articles. Anyone in the know?

Kea is going to be trading on Landon's AIM in ~ March 2010 I believe.

Some one who could respond to your query has been not in RAW forum since 20th October - Yes I am referring to our dear Seaspirite.
Hopefully other experts will share their research.
BTW did you see the KEA website ?

 

[Miner]

Is any one keeping an eye on RAW ?

There is hardly any trading in market and hardly any posting here. People are so ecstatic on GGP, AUT, EKA, ADI stocks.

Seaspirite appears to have retired from this thread and ASF site . Can any one please give some heads up on his whereabouts ?

I am visiting this RAW thread after long time to see the thread is still in raw state. Last useless posting was done by no one but myself

Condog/Agentm / BSEBS and others : May be you guys start making this thread a bit lively too when you get time off from ADI, AUT etc.

 

[Bigukraine]

Is any one keeping an eye on RAW ?

There is hardly any trading in market and hardly any posting here. People are so ecstatic on GGP, AUT, EKA, ADI stocks.

Seaspirite appears to have retired from this thread and ASF site . Can any one please give some heads up on his whereabouts ?

I am visiting this RAW thread after long time to see the thread is still in raw state. Last useless posting was done by no one but myself

Condog/Agentm / BSEBS and others : May be you guys start making this thread a bit lively too when you get time off from ADI, AUT etc.

Hate to see you paddling on your own don't know anything about this stock but will give it a look over the next few days and post my thoughts. Catch you soon mate !

 

[Miner]

Hate to see you paddling on your own don't know anything about this stock but will give it a look over the next few days and post my thoughts. Catch you soon mate !

Thanks mate
I was pedalling more so because :

• the Rawson website is back dated. No update there since end of 2008 or so.
• No contact email address.
• Doing business in Qld with office in Sydney.
• No one picks up the phone
• Stock exchange announcement only talks about their 15% holding but silent about the rest of the partners.
• Hardly traded in market

.

Thanks for sending a rescue baton .

 

[Miner]

Just to add some more on inaction from RAW I have reproduced the following from their website. It is of 16 Feb 2010 giving projection of next 6-12 months work.

The extract is :

The Company believes that the demand for oil and gas will continue to increase despite the recent financial downturn. Any discovery made in its Surat, Otway or Taranaki Basin permits should add significantly to its value. Click Item to read more …
1. Drilling of up to five Coal Seam Gas (CSG) wells in the Surat Basin
2. Acquisition of 3-D seismic with TRUenergy
3. New Simpson Seismic / Drilling Program
4. Exploration in the Taranaki Basin
5. Udacha Gas Field in the Cooper Basin
6. Uranium project in Central Montana
7. Farming out of Otway Basin
The company will be farming out two wells in PELS 154 and 155 in the Otway Basin. Both the Nangwary Propspect in PEL 155 and the Benara Prospect in PEL 154 are defined by 3-D seismic. Drilling will occur in 2009, once suitable farm -in partners have been found.
In the begining of 2010 they are still reporting drilling will occur in 2009. This is just one example from Rawsons Resources website.

 

[Bigukraine]

Just to add some more on inaction from RAW I have reproduced the following from their website. It is of 16 Feb 2010 giving projection of next 6-12 months work.

The extract is :

The Company believes that the demand for oil and gas will continue to increase despite the recent financial downturn. Any discovery made in its Surat, Otway or Taranaki Basin permits should add significantly to its value. Click Item to read more …
1. Drilling of up to five Coal Seam Gas (CSG) wells in the Surat Basin
2. Acquisition of 3-D seismic with TRUenergy
3. New Simpson Seismic / Drilling Program
4. Exploration in the Taranaki Basin
5. Udacha Gas Field in the Cooper Basin
6. Uranium project in Central Montana
7. Farming out of Otway Basin
The company will be farming out two wells in PELS 154 and 155 in the Otway Basin. Both the Nangwary Propspect in PEL 155 and the Benara Prospect in PEL 154 are defined by 3-D seismic. Drilling will occur in 2009, once suitable farm -in partners have been found.
In the begining of 2010 they are still reporting drilling will occur in 2009. This is just one example from Rawsons Resources website.

Hi Miner,

I did some digging on RAW and agree they seem to be sitting on their hands at the moment. Most of what i could of reported is on this thread allready but imo i will call it how i see it below:

1) 70m odd shares with almost half held buy major/substantial share holder's with approx only 31m in open mkt (as reported in thread) small mkt cap of 7m.

2) Seem to have spread their exploration over many area's but always looking and in most cases obtaining farmin partners to do the work for them and retain a% interest.

3) the last qtr report says that they want to do more exploration in all 4 areas Surat,Otway,Taranaki and Pedirka Basins ,try to get more farmin partners and keep looking for new exploration opportunities. I would like to know with what money ?????
The dec qtr 09 says that the have $1,045,000 only in the bank of which $224,000 is set aside to secure leases that they already have so by my cal only $821,000 to spend and have only allowed $100,000 for spending this march qtr 2010.

4) Their nz owned sub having a stake in Kea is good but is a long term inv imo at the very least lots of exploration work to be done but only just at the starting blocks at the min.

summary

Lots of fingers in too many pies and are looking to get more pies a few hold a lot of this share which can be a good thing and did notice the increase in holding in oct 09 ($134k aprrox but can't remember who). The kea stake is a good thing imo but need to look at what they have now and apply themselves to that. Cap raise in the wings in the not to distant future i believe imo mmmmmm might be a long term play and better op's out there at the min imo .

Hope my simple analyist helps.

 

[Miner]

Hi Miner,

I did some digging on RAW and agree they seem to be sitting on their hands at the moment. Most of what i could of reported is on this thread allready but imo i will call it how i see it below:

1) 70m odd shares with almost half held buy major/substantial share holder's with approx only 31m in open mkt (as reported in thread) small mkt cap of 7m.

2) Seem to have spread their exploration over many area's but always looking and in most cases obtaining farmin partners to do the work for them and retain a% interest.

3) the last qtr report says that they want to do more exploration in all 4 areas Surat,Otway,Taranaki and Pedirka Basins ,try to get more farmin partners and keep looking for new exploration opportunities. I would like to know with what money ?????
The dec qtr 09 says that the have $1,045,000 only in the bank of which $224,000 is set aside to secure leases that they already have so by my cal only $821,000 to spend and have only allowed $100,000 for spending this march qtr 2010.

4) Their nz owned sub having a stake in Kea is good but is a long term inv imo at the very least lots of exploration work to be done but only just at the starting blocks at the min.

summary

Lots of fingers in too many pies and are looking to get more pies a few hold a lot of this share which can be a good thing and did notice the increase in holding in oct 09 ($134k aprrox but can't remember who). The kea stake is a good thing imo but need to look at what they have now and apply themselves to that. Cap raise in the wings in the not to distant future i believe imo mmmmmm might be a long term play and better op's out there at the min imo .

Hope my simple analyist helps.

Thanks a lot Bigukraine.

Good information and I am thinking to approach the company now to find out more from horse's mouth about their stand still situation.

I will post in the thread if I get any info. However as I said,they do not have any email address and so far not returned my calls. I will be Columbus

 

[Bigukraine]

Thanks a lot Bigukraine.

Good information and I am thinking to approach the company now to find out more from horse's mouth about their stand still situation.

I will post in the thread if I get any info. However as I said,they do not have any email address and so far not returned my calls. I will be Columbus

Hi miner,

Abit worried i might have to send out a search party for "Columbus":bowser:
no return calls yet ?????:dunno::sleeping:

 

[Miner]

Hi miner,

Abit worried i might have to send out a search party for "Columbus":bowser:
no return calls yet ?????:dunno::sleeping:

Honestly no return call .
They may be chasing Christopher Skase (Chase ?) or the owner of Fire Power Pill to assist them to answer my call.

If I win , you shall be advised

 

[Miner]

Just some update on my discussion with GM operations of RAW today arvo .

The discussion was positive. I did not find to be ramping at any stage. He is in Sydney and my call was just before his dinner time too .

The bottom line is company's current strength is Kea Petroleum stake which is balancing very nicely with shareholder strength

They are working behind the scene but do not believe to mesmerise the market with every weekly note just to inflate the share price like bubble.

RAW also does not want to raise capital unless the 3 D seismic studies come with real real value proposition. They want to reduce cost with one of the lowest admin cost (that explains probably why there was no return call and why the website not updated since 2008 excepting the section where ASX notices are published). Seriously the directors are not taking full salary so as to work not full time either when it is not required to do .

One thing he mentioned that they do not like day traders to jack up share price and mindful not to bubble the market with hypes. (My comment is Probably BCC directors should listen to that )

One of the key issues faced in resource of exploration contractors being available for small operators like RAW.

They are hoping to get some good work completed by April end if not by mid April and will advise market once the result is known.

Overall it was encouraging for me to listen to the GM operations and to hold on my investment in RAW which I bought at 8 cents.