BOW (Bow Energy)

[tommy]

I got freebie Bow Energy (BOW) shares as a result of holding Arrow Energy previously (I no longer hold AOE).

Bow's website:
http://www.bowenergy.com.au/

BOW's official quotation starts 20 May, its basically a company with selected conventional oil and gas interests held by Arrow Energy.

The problem is that I have absolutely no idea about this spin off! Read the prospectus http://www.bowenergy.com.au/pdf/prospectus.pdf
but I'm no geo expert so it's all greek to me....

Does anyone here have freebie BOW shares, or has anyone purchased BOW shares for IPO?

Is this gonna be another dud IPO that's better if the shares are sold off straight away, or are they worth "shoving under the carpet"?

Your views will be highly appreciated!!

[Revhead]

I made a point of holding AOE on the entitlement day for BOW, just so I could get the BOW and BOWO options. I no longer hold aoe either.

They trade Friday, and as to how they pan out, have to wait and see... But nothing paid so not bothered too much either way.

cheers
Rev

[ASXIOU]

I also bought AOE just to get the free BOW shares and options. Made a tidy profit out of AOE aswell if I remember right. Quite shocked to see AOE actually went up on the day it went ex-BOW. Anyway I'm not expecting much to happen on Friday as there are so many AOE or ex AOE holders who will want to offload their BOW holdings but I think I will just hold and forget as they didn't cost anything and who knows what might happen down the line.

[Gofish.]

I've also got some BOW, but still also got my AOE.
(nice AOE ann this week re increased reserves)

Think BOW is one to hold until drilling is underway, and since they were "freebies" I may even take the punt on a hit.

[Gofish.]

From "NQBill" on SS
pickabooba !!!

"This arrived today:

Dear Arrow Shareholder,

Just a quick reminder that the spin off from Arrow, Bow Energy (BOW) is expected to list tomorrow at 10.30am.

See below for a comments by Peter Strachan:

Solid value below 25c for Bow Energy on listing ..
Peter Strachan in “StockAnalysis” cover dated May 18 says success at any one of Bow Energy’s first 3 wells in the Surat Basin has the potential to justify a 20c share price on its own. Saying he sees “solid value below 25 c on listing next Friday (May 20) for this fledgling explorer”. Adding that market conditions may well militate against a stellar debut for Bow, so that subscribers may well have the opportunity to pick up a bargain if the stock falls below issue price during May ahead of drilling at Pickabooba in June.


Kind Regards
Nick Gold
Cygnet Capital"

[ASXIOU]

smacked down as expected. Opened at 13c!!

[tommy]

Hi all BOW & BOWO holders,

Looks like it was a dud IPO... I think I'm gonna shove this one under the draw and come back in ten years time, like you guys said it was free so got nothing to lose by holding on to it!

[tommy]

http://www.smh.com.au/news/Business/Bow-Energy-debut-disappointss/2005/05/20/1116533529550.html
________________

Bow Energy debut disappoints
May 20, 2005 - 4:34PM

Managing director of oil and gas explorer Bow Energy Ltd Ron Prefontaine said the company remained confident of its potential despite being savaged in its Australian Stock Exchange debut.

Bow Energy opened at 13 cents, seven cents below its 20 cent issue price.

It closed at the same price - a 35 per cent discount - after 3.6 million shares changed hands.

The company, which was spun out of listed coal seam gas producer Arrow Energy NL, offered 30 million shares to raise $6 million.

Mr Prefontaine said he suspected Arrow Energy shareholders may have cashed in their share distribution on listing, forcing the price down.

"That's the way things go ... but we're very comfortable with our assets," he said.

"I have to mention the directors probably bought a million shares today and we see absolute value in the company."

The money raised in the listing will fund at least 10 exploration wells.

The company's tenements cover 38,000 square kilometres of proven petroleum producing basins including the Carnarvon Basin in Western Australia, the Cooper-Eromanga and the Surat-Bowen basins in Queensland.
AdvertisementAdvertisement

The first gas well in June will be at Pickabooba South-1 in Bow Energy's frontier region in the Clarence-Moreton Basin.

In the September quarter Bow Energy will drill Gats-1 and Hestia-1 in the Carnarvon Basin and additional drilling in the Cooper-Eromanga and Surat-Bowen basins was planned for late 2005 and next year.

[ASXIOU]

quote:Originally posted by tommy
"I have to mention the directors probably bought a million shares today and we see absolute value in the company."


Interesting statement. Expect possible retracement upwards next week when this news is disclosed.

[kura]

I purchased some Friday (also had freebies ex AOE) Will hold till drilling starts in June, then have another think about it.

Current market not the time to sell (if your thinking about it)

[tommy]

Announcement:

_________
http://stocknessmonster.com/news-item?S=BOW&E=ASX&N=168628

6 June 2005
PICKABOOBA SOUTH - 1 WELL APPROVED FOR DRILLING

The Directors of Bow Energy Limited (Bow) are pleased to advise that all requirements for the drilling program for exploration well, Pickabooba South-1 located 38 km southwest of the northern NSW town of Casino, have been finalised and approved by the NSW Department of Primary Industries.
Bow has been advised by the drilling contractor, Mitchell Drilling, that the revised availability for the rig scheduled for the well should be the end of June, subject to weather, possible mechanical difficulties and current drilling activities.

Pickabooba South-1, to be drilled to 1,150 metres total depth, will test a four-way closed structural prospect with 35 PJ (2P) of recoverable gas potential. To minimise the risk of formation damage, the well will be drilled using air drilling techniques. The primary target is an intra Ripley Road sandstone that flowed up to 460,000 cubic feet per day of high quality methane gas from Pickabooba-1 located 4 km to the northeast. The well location has been sited deliberately off the absolute crest of the structure to intersect a seismic spectral attenuation anomaly interpreted to indicate improved reservoir development within the primary target zone. Secondary targets include the Gatton and basal Bundamba sandstones which had hydrocarbon shows in Pickabooba-1.


Bow will have 87.5% direct working interest in the well and surrounding permit as well as 100% of the conventional oil and gas interests in the adjacent tenement.

[tommy]

Still holding those freebie BOW shares, yawn...
____________
Announcement out:

http://stocknessmonster.com/news-item?S=BOW&E=ASX&N=168628

6 June 2005
PICKABOOBA SOUTH - 1 WELL APPROVED FOR DRILLING

The Directors of Bow Energy Limited (Bow) are pleased to advise that all requirements for the drilling program for exploration well, Pickabooba South-1 located 38 km southwest of the northern NSW town of Casino, have been finalised and approved by the NSW Department of Primary Industries.
Bow has been advised by the drilling contractor, Mitchell Drilling, that the revised availability for the rig scheduled for the well should be the end of June, subject to weather, possible mechanical difficulties and current drilling activities.

Pickabooba South-1, to be drilled to 1,150 metres total depth, will test a four-way closed structural prospect with 35 PJ (2P) of recoverable gas potential. To minimise the risk of formation damage, the well will be drilled using air drilling techniques. The primary target is an intra Ripley Road sandstone that flowed up to 460,000 cubic feet per day of high quality methane gas from Pickabooba-1 located 4 km to the northeast. The well location has been sited deliberately off the absolute crest of the structure to intersect a seismic spectral attenuation anomaly interpreted to indicate improved reservoir development within the primary target zone. Secondary targets include the Gatton and basal Bundamba sandstones which had hydrocarbon shows in Pickabooba-1.

Bow will have 87.5% direct working interest in the well and surrounding permit as well as 100% of the conventional oil and gas interests in the adjacent tenement.
For and on behalf of the Board
Duncan Cornish
Company Secretary

[tommy]

BOW up 23% after this announcement!


________________



ASX Announcement
18 August 2005
DRILLING OPERATIONS UPDATE - OIL SHOW TO BE TESTED

The Directors of Bow Energy Limited (Bow) advise the status of drilling operations as of 6 AM
this morning:

Pickabooba South-1 (Clarence-Moreton Basin, Northern NSW, PEL
432 – Bow 87.5%)
Current depth of the well is 1,117 metres.

While drilling the basal Bundamba Sandstone, an oil show interval was encountered as follows:

1,107 – 1,117 metres (current well depth) had up to 75% blue white fluorescence with slow diffuse crush cut. Gas was 30 to 225 units against a background 1 to 2 units. Gas had up to C4 (indicator of potential liquid hydrocarbons) supporting the oil show. Sands were described as generally poor to fair porosity with several intervals of fair to good porosity.
Bow is mobilising a drill stem test crew from Roma to be on site later today. The test will likely be run at first light tomorrow.

Expected operations over the next 24 hours:
Run a drill stem test over the oil show interval between 1,107 and 1,117.

For and on behalf of the Board
Duncan Cornish
Company Secretary
For further information:
Ron Prefontaine
Managing Director
07 3303 0675 or 0439 033 351
The technical information contained herein is based on information compiled by the Company’s Managing
Director, Ron Prefontaine, who has more than 25 years experience in petroleum exploration.

[tommy]

http://stocknessmonster.com/news-item?S=BOW&E=ASX&N=170126

ASX Announcement
24 August 2005

BOW FARMS OUT INTERSEST IN SURAT WELL – RETAINS 50%

The Directors of Bow Energy Limited (BOW) are pleased to advise that it has farmed out an equity in ATP 805P to Oilex NL (OEX) in return for increased funding for the Donga-3 exploration well.

OEX has agreed to farmin to acquire a further 30% interest in ATP 805P by funding an additional 60% of the drilling of the Donga-3 well. Prior to the farmin, Bow was to contribute 80% to the cost of the well.

BOW will now be required to pay 20% of the costs of the well whilst still retaining a 50% direct working interest in the well and ATP 805P following the drilling of the Donga-3 well. The well is scheduled to be drilled in September 2005 following on from the drilling of the Pinnacle West prospect in the adjoining ATP 608P Remainder Block (BOW 20%).

As previously advised, ATP 805P covers an interpreted migration pathway trend from the deeper Surat Basin through ATP 805P into the Pinnacle Prospect area on ATP 608P. Donga-3 is a 1,590 metre deep test of a four-way closed structure with Jurassic and Triassic sandstone targets. The well has been sited to intersect the primary Triassic sandstones an interpreted 25 metres updip from Donga-1 and an interpreted 13 metres updip from Donga-2, which recovered light sweet crude oil and water when drilled in 1965 and 1979 respectively. The Donga prospect has up to 3 million barrels of unrisked recoverable oil potential with two other prospects currently identified along trend, having a combined unrisked recoverable oil potential of 8 million barrels.

Following which Interests in ATP 805P will be:
Bow Energy Ltd 50.00%
Oilex NL 50.00%

For and on behalf of the Board
Duncan Cornish
Company Secretary
For further information:
Ron Prefontaine
Managing Director
07 3303 0675 or 0439 033 351

The technical information contained herein is based on information compiled by the Company’s Managing Director, Ron Prefontaine, who has more than 25 years experience in petroleum exploration.

[tommy]

BOW has increased 14% today... have they found something? I've left those freebie BOW shares and options from Arrow (AOE) in the draw and haven't been researching the stock lately (pure laziness!)

[clearasmud]

No they havn,t found any thing Tommy just ceo doing the rounds telling everybody what a wonderful story they are.

This is their story:

http://sa.iguana2.com/cache/9db88aefcb061cb8fe9f3b3fdd392231/ASX-BOW-176412.pdf

The sp will fall back to 15c if they find a duster in June.
Will have less than $3m cash then.
However they apparently have quality targets.

[tommy]

quote:Originally posted by clearasmud

No they havn,t found any thing Tommy just ceo doing the rounds telling everybody what a wonderful story they are.

This is their story:

http://sa.iguana2.com/cache/9db88aefcb061cb8fe9f3b3fdd392231/ASX-BOW-176412.pdf

The sp will fall back to 15c if they find a duster in June.
Will have less than $3m cash then.
However they apparently have quality targets.


Thanks clearasmud for the update, I was wondering whether the spike had anything to do with the merger between Arrow Energy (AOE) and CH4 (CHX)...

I was hoping for something substantial going on at BOW, but doesn't seem to be the case. Yawn. Back into the bottom of the drawer then[:X]

[JoeKing]

Looks like BOW is making waves...
is anyone following??
Cheers
JK

[tommy]

BOW up 11% on no news[:0] I have no idea what is causing the sudden surge of late! Not complaining though, good to see freebie shares and options increasing in value[:I]

[clearasmud]

Which city is the ceo in today ...?
Not much scrip doesn't help.

[bermuda]

Bow Energy is about to spud Banff in an attempt to get this company on the radar following a quiet gestation period.The MD is very bullish on their prospects coming up in the next 6 months and any strike will see their shareprice double.
This company has a bit of grunt to it and is exploring in a proven area.Watching with interest as now have a reasonable holding....had to buy them..they werent freebies like some of you got!! Bought some Arrow as well...after the Bow issue.Looks to be a large gas company in the making with very astute/experienced Management

[JoeKing]

After dry hole Libris (PPP TAP), A lets hope Mr Prefontaine can create some excitement here and start pushing BOW SP up to $2 boasted.
Cheers
JK

[bermuda]

Joe King,
Looks like our intuition and patience will be rewarded with the Donga field.Cant open the announcement but the heading 'good oil shows' reads well....as does the shareprice.Very good Management here.

[JoeKing]

Good news, is always welcome.. especially now after a series of bummer drills, and dissapointments. And good Management is a prerequisit to success. Good luck! and Merry Xmas!
Cheers
JK

[JoeKing]

Bermuda, I don't understand all the technical stuff, but the general feeling is certainly positive. I get the feeling there is possibly a suggestion of a link between D3-4. This will make D5 all the more exciting.
Mr Ron P will still have his work cut out to lift the SP to a boasted $2 by next Dec. tho.
Cheers and MERRY XMAS.
JK

[johnofthex]

Looking good at this point.

[Paddie]

quote:Originally posted by johnofthex

Looking good at this point.


Yes reading the announcements it does look good (even though not up with the jargon).

Would have thought the share price would have strengthened rather than declined.

Paddie

[johnofthex]

Not so good............never mind, next time.

[bermuda]

I still think this drill has a few upside surprises left.It is rare for oil to be noticed while drilling and then not recover much in a drill stem test.Management are being cautious but are perplexed.

The next few days could be a lot better

[clearasmud]

Has the drill been poorly operated?
Lets hope you are right Bermuda.:)

[Paddie]

Can someone please post the BOW announcement.

I can't seem to open it.

Thanks
Paddie

[bermuda]

I managed to open it but have to rush out now.Basically it says that the DST is sending inconclusive results which are not consistent with the oil found during drilling.They will do wireline log etc and might be able to report this evening.Because of the inconsistency they are not proceeding with Donga-5 and have thus released the rig.

So the optimists would say that the wireline logs will show it to be a producer while the pessimists will say that the decision not to proceed with Donga-5 means all not well.

I still have hope.

[Paddie]

quote:Originally posted by bermuda

I managed to open it but have to rush out now.Basically it says that the DST is sending inconclusive results which are not consistent with the oil found during drilling.They will do wireline log etc and might be able to report this evening.Because of the inconsistency they are not proceeding with Donga-5 and have thus released the rig.

So the optimists would say that the wireline logs will show it to be a producer while the pessimists will say that the decision not to proceed with Donga-5 means all not well.



Thanks Bermuda.

Will keep my fingers crossed.

Paddie


I still have hope.

[bermuda]

Well it looks as though Bow will get to enlarge the development of the Donga Field after all with the announcement that Donga-4 is to be cased and suspended as a future producer.
I think a few punters got scared off by the messy drill stem test but will come to realise that things are not so bad after all.In fact shaping up pretty well.

[Paddie]

Agree Bermuda,

The announcement today was positive, and I would have thought that the share price would have appreciated accordingly.

Anyhow it is good news.

Paddie [^][^]

[clearasmud]

Arrow energy spin off and purchased Oilex's Cooper/Surat basin assets Sadly the sp has been trading below 10c after a few dusters.
I believe it is a buy atm and I have been purchasing.

MD buys 400k shortdated 20c options recently.
http://sa.iguana2.com/cache/c5d1488c92efd13b400a0581e3757e6a/ASX-BOW-188008.pdf

21/5/07 Excellence in upstream energy 2007 presentation.
http://sa.iguana2.com/cache/b2ea68830704eeb633f4236978ae16f2/ASX-BOW-188129.pdf
Drilling up to 18 wells 2007-2009

Share price 9.6c M/cap $10.3 cash $2.5m

Is attempting to only farm down their many prospects rather than issue more equity at these depressed levels.

Please do your own research.

[bermuda]

Clearasmud,
A big day for BOW!!!
We are into CSG. Fantastic news.
The shareprice could emulate Pure Energy which has recently run from 16 cents to 80 plus.
I wont be selling.
Any news following your emails to Ron?
Cheers.

[clearasmud]

Congratulations to us Bermuda!
Unfortunately no reply from Ron.
However I still kept the faith and now we are being rewarded from ,ahem, left field.
Icing on the cake for me.
Currently the market still is suspicious of Bow Energy.

Wonder what the inground value of 250bcf csg net to Bow would be.
40 per mcf or $100m ???
Plus what further potential could Bow have in CSG.

It does smack of "me too" although I believe Ron's integrity.

Clearasmud

[Paddie]

Great to see some positive news.

Let's hope that Ron can keep it coming.

Paddie

[clearasmud]

Md buys more shares today.Owns about 6% of the company,mostly bought on-market.
http://sa.iguana2.com/cache/2f8e6cfe616b8b28bec1a76a813ae379/ASX-BOW-188859.pdf

Gold Coast Resources Showcase
http://sa.iguana2.com/cache/70062cc2d5e150e76c66b6a662e46491/ASX-BOW-188848.pdf

Enters into Coal Seam Gas Joint Venture
http://sa.iguana2.com/cache/90d12b161f251edcf904fa6f9da1c682/ASX-BOW-188847.pdf


Share price 12.5c

[clearasmud]

Bow closed the day on 14c on reasonable volume.
a break above 14c will see a run to 20c imo.


Share price 14c

[bermuda]

Clearasmud,
You know when you get that feeling that everything is gonna be alright?
Well I have got that feeling now!!!

I really think that this company is going to explode in the next 6 months.
Wanted to top up last week to get my target of 1 million shares but got greedy thinking there might be a Monday sell off. Oh well I am still in the top 20!!

I have had a lot of losses in the market and have tried to educate myself a lot better..and take the emotion out of it.Things have really come right in the last few years and when I look at BOW I just think that Ron has got the balls to do it.

Expect some big things coming up

[clearasmud]

same with me Bermuda.
I haven,t yet made my millions in the ASX.
I did top up again on friday much to the annoyance of my partner.
I possibly would also be in the top 20 but my holdings are on two names.
Yes everything does look sweet :) :)
Clearasmud

[Tok3n]

It was meant to explode last year with Banff-1 :(

[bermuda]

Tok3n,
Please read the first 2 lines of my previous post.

It is one hell of a feeling!!

[Paddie]

Bermuda,I hope you are right as BOW has been my worst performing share on the ASX, my average buy in is around 16-17c from memory.

One of the reasons that has kept me in, is Ron's continual purchase of shares in the company.

Paddie

Hold ASX; AGS AGM DYL WMT MRX BOW RMG

[yogi-in-oz]

:)

Hi folks,

BOW ... expecting a further positive move, on 19062007 ... :)

happy days

paul

:)


=====

[clearasmud]

You're right Paul.
share price 17c.
Up 70% in 1 week

[axion]

Wow, I could've done with that! :o

[clearasmud]

Bow closed at 18.5c up 85% in 1 week.

[bermuda]

Where there is smoke there is fire and when you are dealing with CSG it can explode!!
Easy in hindsight but this baby is still very very cheap.

[Paddie]

quote:Originally posted by bermuda

Where there is smoke there is fire and when you are dealing with CSG it can explode!!
Easy in hindsight but this baby is still very very cheap.


Bermuda,

You are now starting to get me excited.

Don't know much about CSG, but the rise in share price has been meteroic.

Paddie:D

Up 85% in a week, would be like NZO finishing at $1.94 for the week?

[clearasmud]

I think you are right Bermuda.
As well as being competent Ron is a master story teller.LOL
Ask the guys who bought at 25-30c.
We are likely to have farmouts in the pipeline for some serious targets.
We likely have news on csg plus possibly new csg jvs in the Surat.

we are likely to achieve increased revenue this year.

Current sp values company at only 20 million.

250bcf csg to Bow at 40cper mcf =$100m

Rons talk of a $2 share last year may not be too far fetched.

Clearasmud

DYOR

[JoeKing]

quote:Originally posted by clearasmud
... Rons talk of a $2 share last year may not be too far fetched.
Clearasmud
DYOR

I think this was supposed to happen by Dec. 2007.(from memory)
At the time SP was approx 20c. so has a long way to go...
Would be very nice tho. :)
Cheers
JK

[clearasmud]

Trading as high as 22c so far today.
20c appears to be support now.

[clearasmud]

I think at 20c Bow with market cap of $22m is still very cheap.
So the price should move north from here.[:p]

[bermuda]

Tried to boost my stocks on weds but got caught in the rush,..managed to get another 100,000 at 17 but still short of my 1 million objective. Feel really good about the quality of this one.They just need some good luck.

[tommy]

Hi all,

yay, my freebie shares and options have come back to life... the dud puppy seems to be getting a lot of trades executed since the announcement!

http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=AU%3Abow&draw.x=0&draw.y=0

Anyone know how many options have been issued upon the float (spinoff from Arrow)?

[clearasmud]

Tommy there are 18.3 million 20c options
2.4 m 30c management options
2.4 m 40c management options
15.7m 50c options issued to Oilex for their tenements

Cheers

[tommy]

quote:Originally posted by clearasmud

Tommy there are 18.3 million 20c options
2.4 m 30c management options
2.4 m 40c management options
15.7m 50c options issued to Oilex for their tenements

Cheers


Thanks clearasmud mate, helpful indeed... that's a lot of options isn't it!

[bermuda]

These guys are too good not to bring this company into the limelight.
Their credentials could have got them better positions but the good chance of making a cracking good oil company was too big to resist.

I am really looking forward to some drill success.It has been a long time coming.

[bermuda]

I have done the research and I still have a great feeling about this company. I know it has dropped back but the drill bit will do the talking in August/September.Great time to buy in at 16 cents.

[clearasmud]

Thanks Bermuda.
I've been topping up at these levels.[8D]
14.85c is a fibonacci 62.7 % retrace of the movement 10-23c

Clearasmud

[bermuda]

Hi Clearasmud,
I am indeed heartened by the VPE announcement on their Growler 2 drill which could lead the way to proving up an oil fairway in the Cooper Eromanga basin which is where Bow is exploring.

I still have very good feelings about BOW and this bit of news just adds to an improving picture.
What do you think.??

ps Starting to like VPE as well.

[JackSprat]

Bermuda

Just having a look at Growler2 results for VPE and they did strike black gold on 1/8 so who knows, it may well be BOW's turn. Haven't heard what their current drill programme is however?

[bermuda]

Bermuda

Just having a look at Growler2 results for VPE and they did strike black gold on 1/8 so who knows, it may well be BOW's turn. Haven't heard what their current drill programme is however?

Hi Jack,
Bow's exploration plans received a big boost today with the announcement they are joining in with Santos to drill 7 wells with Santos as the operator and with Bow being free carried.

Bow have done well to pick up such a large acreage and now get Santos as a farmin. Not too bad for a small struggling Junior.

Plus 2 CSG targets will be drilled in September. The only negative was that Hudson-1 will be deferred until next year..but for good reason.

I really like the look of this whole area and with VPE's recent small success and now this great move with Santos , I am picking a steady improvement until the drill strikes the black stuff. That will be the time everyone at Bow will really rejoice because it has been a long time coming.

[JackSprat]

Great news on several fronts Bermuda. Have been holding onto BOW for sometime now and looks like we'll be making ground here on in.:D

[bermuda]

If we get a good result I will go to the AGM on Nov 28 in Brisbane. ( last time I said if we get a good result for NZO at Hector I would go to Vancouver for a golf holiday...I didnt go ).

Anyway the latest announcement by Ron is again very bullish. Hopefully 3rd time lucky. To his credit he has put in a lot of time into BOW and also his own money.

Fingers crossed.Must llook up the neighbouring gas field and check it out.

[clearasmud]

hi Bermuda,
I'm going to be on the goldcoast then.
so I'll probably go.
Were you at the NZO agm?

Clearasmud

[bermuda]

Hi Clearasmud,
No I didnt go to the NZO AGM but had avery good 2 hours with their new MD David Salisbury the week before.NZO has got a very able and saavy new MD. Nothing much will be happening to NZO until next year when the Kupe wildcat/s will be drilled.These could really shake it along as they have built the pipeline to the shore at 3 times the required capacity and they wouldnt do that for nothing.

When I say nothing ishappening I say that 'tongue in cheek' because in the meantime NZO is really coining it with Tui at unbelievable oil prices.It will take the NZ market a while to catch on but sooner or later they will.May possibly get another Tui upgrade and perhaps an aquisition.

Turning to Bow I am heartened by what is planned over the next year. The Santos connection is very good and Ron and Santos know this area well. ( newsbreak!! Oil now at $US96!!! )

I may or may not go to the Bow AGM. If the CSG drill results are ok I will. If I do I will make a point of meeting up with you.

[shasta]

Hi Clearasmud,
No I didnt go to the NZO AGM but had avery good 2 hours with their new MD David Salisbury the week before.NZO has got a very able and saavy new MD. Nothing much will be happening to NZO until next year when the Kupe wildcat/s will be drilled.These could really shake it along as they have built the pipeline to the shore at 3 times the required capacity and they wouldnt do that for nothing.

When I say nothing ishappening I say that 'tongue in cheek' because in the meantime NZO is really coining it with Tui at unbelievable oil prices.It will take the NZ market a while to catch on but sooner or later they will.May possibly get another Tui upgrade and perhaps an aquisition.

Turning to Bow I am heartened by what is planned over the next year. The Santos connection is very good and Ron and Santos know this area well. ( newsbreak!! Oil now at $US96!!! )

I may or may not go to the Bow AGM. If the CSG drill results are ok I will. If I do I will make a point of meeting up with you.

Hmmm is BOW the next junior oiler to explode upwards?

The upcoming drill program will get BOW the attention is deserves.

Shall be onboard soon :cool:

[macduffy]

OK you BOWaholics, you've just about convinced me!
This company appears to have huge potential with its 193 prospects/targets and, with a small mkt cap ~$20m is being realistic in seeking farmins to pay for drilling. Despite that, with less than $2m cash at balance date I guess a cash issue can't be far away?

[bermuda]

OK you BOWaholics, you've just about convinced me!
This company appears to have huge potential with its 193 prospects/targets and, with a small mkt cap ~$20m is being realistic in seeking farmins to pay for drilling. Despite that, with less than $2m cash at balance date I guess a cash issue can't be far away?

Yes I think there will be more cash issues and I hope I get the opportunity to participate.Hopefully after some good news.

The Dow got murdered today but oil holds at $US93. Could be a hell of a day.

[STRAT]

Thought you fellas would have been jumping for joy today and posting your hearts out. Up 54% on a down day :eek::D:D:D

[ronthepom]

Thought you fellas would have been jumping for joy today and posting your hearts out. Up 54% on a down day :eek::D:D:D
Hi Strat, well i am bought 50000 on thursday for 17c on a whim, could'nt believe it this morning.Luck of the game eh? Will be interesting to see what they finish at the end of the week.

[STRAT]

Hi Strat, well i am bought 50000 on thursday for 17c on a whim, could'nt believe it this morning.Luck of the game eh? Will be interesting to see what they finish at the end of the week.Well done my english friend. I cant see it holding without a retrace but who knows. Perhaps Shasta can put a $ value on the announcement but you must be tempted to take the money and run. I would be :D

[wolfgang]

Hey nice one Ron!

[airedale]

Well done, Bermuda!

[bermuda]

Well done, Bermuda!
Thanks mate. You win some , you lose some.

[bermuda]

[QUOTE=bermuda;171193]

Hi Clearasmud,
No I didnt go to the NZO AGM but had avery good 2 hours with their new MD David Salisbury the week before.NZO has got a very able and saavy new MD. Nothing much will be happening to NZO until next year when the Kupe wildcat/s will be drilled.These could really shake it along as they have built the pipeline to the shore at 3 times the required capacity and they wouldnt do that for nothing.

When I say nothing ishappening I say that 'tongue in cheek' because in the meantime NZO is really coining it with Tui at unbelievable oil prices.It will take the NZ market a while to catch on but sooner or later they will.May possibly get another Tui upgrade and perhaps an aquisition."

"Turning to Bow I am heartened by what is planned over the next year. The Santos connection is very good and Ron and Santos know this area well. ( newsbreak!! Oil now at $US96!!! )

"Hi, I know I did promise to go to the AGM but I changed my mind because I thought I would go to Wanaka early for the NZ Golf Open. But now that BOW are in with a show ( up 50% today!!! )
I am trying to arrange things so I can fly to Brissie, then fly to Sydney and then get a
flight to Queenstown direct and see the last 2 days. Will let you know.
Cheers

[clearasmud]

Hi Bermuda,
IMO Ron must be very pleased with the sp response so far.
csg reserves certification will underpin the sp which will lead to an underwritten rights issue to drill many of Bow's prospects in low sovereign risk,low tax Australia.
With the likelihood of very high oil prices any oil discovery will be extremely lucrative for Bow.All IMO.

Will hopefully see you at the Agm.

Clearasmud.

[shasta]

Well done my english friend. I cant see it holding without a retrace but who knows. Perhaps Shasta can put a $ value on the announcement but you must be tempted to take the money and run. I would be :D

Shasta's filthy after talking BOW up at the Wellington event on Saturday, i couldnt get near a PC to get the buy in :mad::mad::mad:

I have another O&G company set to run & wont miss out on it!

[bermuda]

Hi Shasta,
Still plenty of time to get on board.
This gas train is going all the way to $1.00.
The oil train due to depart early next year will take it to $2.00 plus.

[shasta]

Hi Shasta,
Still plenty of time to get on board.
This gas train is going all the way to $1.00.
The oil train due to depart early next year will take it to $2.00 plus.

Im bullish enough on OEL with there monster targets in the Phillipines & Argentina, plus the gas in Turkey (Galoc) coming online in April.

I had been talking at the Wellington traders meeting on Saturday about BOW & that it was due to run, & whilst i was deciding what to drop (i eventually decided to ditch NZO) it ran...

I dont like chasing stocks that have run, but like yourself i do see more value in BOW...

Another good drill/commercial find & it'll double again!

[bermuda]

Im bullish enough on OEL with there monster targets in the Phillipines & Argentina, plus the gas in Turkey (Galoc) coming online in April.

I had been talking at the Wellington traders meeting on Saturday about BOW & that it was due to run, & whilst i was deciding what to drop (i eventually decided to ditch NZO) it ran...

I dont like chasing stocks that have run, but like yourself i do see more value in BOW...

Another good drill/commercial find & it'll double again!

I know what you mean. I keep looking at CVN and how I was going to really go big on it when it was mid teens. I knew it would keep going up but because it had had a nice wee run couldnt bring myself to enter. And all the time it is going higher!

So I thought to myself it is time you got really serious about BOW and put your wallet where your brain is.And I am so pleased I did. Honestly this BOW has a BIG future.

[ronthepom]

Well done my english friend. I cant see it holding without a retrace but who knows. Perhaps Shasta can put a $ value on the announcement but you must be tempted to take the money and run. I would be :D

Hi Strat, yes i was tempted to take the dosh and run, but did a bit of research and think they are going somewhere--i like them i see they are back up to 31 cents today gonna hold and see. Might top up with ADY as well.Think i'll put my SHG in the bottom drawer as they are ticking over nicely . I posted earlier that i reckoned they will be a $2 share by xmas hope i'm right.


nzx-aia,nzo

Holding asx.-shg,esg,mpo,oel,ady,bow, amu

[Crypto Crude]

Bermuda,
what do you reckon...
BOW or VPE?....
BOW's SP has exploded and VPE's hardly moved... they have the same stake in CSG and same stake in STO farmin....
either BOW is due for a correction, and has over shot.... or VPE is due for a re-rating and has not shot... haha....
....
I have 4k... Im looking at either NWE, BUR, VPE/BOW, or topping up MEO....
:cool:
.^sc

[seaosh]

I was looking at much the same lineup and went for VPE.

Of course that was based on already holding NWE. If I did already have a swag of NWE I would probably have chosen differently.

[bermuda]

Bermuda,
what do you reckon...
BOW or VPE?....
BOW's SP has exploded and VPE's hardly moved... they have the same stake in CSG and same stake in STO farmin....
either BOW is due for a correction, and has over shot.... or VPE is due for a re-rating and has not shot... haha....
....
I have 4k... Im looking at either NWE, BUR, VPE/BOW, or topping up MEO....
:cool:
.^sc

Shrewdy,
Just put another order in for both VPE and VPEO.
Have a look at the strength of BOW in the last half hour ( and this morning )
Check out the NZO thread too.( wanna have some fun ...you would have to sign a confidentiality clause once we got going )
Cheers Mate

[Sharp737]

Got in with some BOW's myself :)

Man, I've been watching this stock for a while now. Should have jumped in ages ago, never mind! Well done to those who got in early.

Sharp

[bermuda]

Clearasmud,

Decidied not to go to AGM. Too much on at this time of year. Will have to catch up with you some other time

Do you know the reason why free gas is not expected at Oralla.? Are they just testing coal depths.?Cheers

[bermuda]

Well I wonder what Prefontaine delivers today at the AGM. Wish I was there. Hope you can give us a quick update Clearasmud.

The future looks bright.

[JackSprat]

Nice video, very up beat, factual and you get to see the people running the place. SP dropped. It must be still raining. Hope it's not like last year when the place was flooded out and put the damper on any drilling.

[bermuda]

Nice video, very up beat, factual and you get to see the people running the place. SP dropped. It must be still raining. Hope it's not like last year when the place was flooded out and put the damper on any drilling.

I have always wanted to see what he looked like. Yeah, a good presentation

This share is well under the radar and is about to really, really get heavily upgraded.

Just have a look at what BOW. VPE and PES have got going for them.

Notwithstanding the forthcoming recession I am staying on board with

NZO
PRC
BOW
TEX
VPE
VPEO
PES

These are absolutely brilliant capital gain opportunities and if I had the courage I would sell all and put the lot on VPEO.

But until I do pluck up the courage I will be most content with the above.

One of these days I really am going to do the Gnomes of Zurich thing over again...in a big way. VPEO.....far out.

[bermuda]

I have done the research and I still have a great feeling about this company. I know it has dropped back but the drill bit will do the talking in August/September.Great time to buy in at 16 cents.

The same still applies.

This stock will go to a lot higher very shortly. Santos and BOW know what's going on.

[shasta]

I have always wanted to see what he looked like. Yeah, a good presentation

This share is well under the radar and is about to really, really get heavily upgraded.

Just have a look at what BOW. VPE and PES have got going for them.

Notwithstanding the forthcoming recession I am staying on board with

NZO
PRC
BOW
TEX
VPE
VPEO
PES

These are absolutely brilliant capital gain opportunities and if I had the courage I would sell all and put the lot on VPEO.

But until I do pluck up the courage I will be most content with the above.

One of these days I really am going to do the Gnomes of Zurich thing over again...in a big way. VPEO.....far out.

No harm in holding producing oilers at all! (never heard of PES?)

Im still trying to work out a good entry into BOW (sub 25c?)

Meanwhile im holding OEL as my sole O&G play.

Probably should have kept the NOG's :D

I agree with the go large concept, hence i'm holding just 3 stocks & over 50% in just one.

[bermuda]

Shasta,
Good on you. Life is about risk and if you are priviledged to take an educated risk , then go for it.

One of these days I am going to be a big , like , seriously big, holder of VPEO.

And it may not be too far off.

[shasta]

Shasta,
Good on you. Life is about risk and if you are priviledged to take an educated risk , then go for it.

One of these days I am going to be a big , like , seriously big, holder of VPEO.

And it may not be too far off.

Do you really believe VPE has shaken off its dodgey past?

I cant get enthused on it im afraid, BOW definitely, VPE im just not sure.

I see your still in TEX, if i cant get BOW cheap enough, i'll rebuy some TEX.:cool:

I've always had an aversion to holding too many different companies (usually max 5), cant see the point in Diversification, its like fund managers, why settle for average!

[ronthepom]

Do you really believe VPE has shaken off its dodgey past?

I cant get enthused on it im afraid, BOW definitely, VPE im just not sure.

I see your still in TEX, if i cant get BOW cheap enough, i'll rebuy some TEX.:cool:

I've always had an aversion to holding too many different companies (usually max 5), cant see the point in Diversification, its like fund managers, why settle for average!

Hi Shasta, i like BOW as i said and bought lucky, and today got in on VPE as well at 14c like them to, think they are going somewhere as well.

[Lebowski]

:)Great announcement for Bow today ! Good coal sections plus plenty of water flows with gas present .

If anything like Sunshine Gases CGS field - its cash flow for 7/8 years :D

[bermuda]

Sunshine Gas has just announced a joint project to deliver LNG sourced from their Lacerta CBM field. A new US$400 million plant will be built.

Thiis Lacerta field is right next door to the Don Juan CBM venture currently being appraised by both BOW and VPE.

The first two wells at DON JUAN have been VERY encouraging.

VPE and BOW have a tiger by the tail.

WATCHOUT!!!! Dial up SHG and have a gander!!!

Also just released...capital raising by BOW at 25 cents.

[ronthepom]

:)Great announcement for Bow today ! Good coal sections plus plenty of water flows with gas present .

If anything like Sunshine Gases CGS field - its cash flow for 7/8 years :D

Have to agree with you lebrowski, check out SHG ann and sp today, tipped SHG to hit $2 a week or two ago, hope Shasta bought in Bow.

[Paddie]

No harm in holding producing oilers at all! (never heard of PES?)

Im still trying to work out a good entry into BOW (sub 25c?)

Meanwhile im holding OEL as my sole O&G play.

Probably should have kept the NOG's :D

I agree with the go large concept, hence i'm holding just 3 stocks & over 50% in just one.

Shasta,

Capital raising an opportunity to enter at 25c.

I will be buying more at that level.

Paddie

[JackSprat]

Back into BOW. Left for a while but there's too much going on here to miss out. Held URA but success there depends on too many variables although wherever one goes there's LADY LUCK always in the background.

[ronthepom]

Back into BOW. Left for a while but there's too much going on here to miss out. Held URA but success there depends on too many variables although wherever one goes there's LADY LUCK always in the background.

Wise move Jack, i reckon they are cheap definitely goig places.!

[shasta]

Have to agree with you lebrowski, check out SHG ann and sp today, tipped SHG to hit $2 a week or two ago, hope Shasta bought in Bow.

Not yet he hasn't, due to funds being used to top up my current 3 stocks.

Am looking to sell down on spikes & invest into more O&G companies.

I like PSA & BOW, & am looking very closely at LNG & ESI.

All energy stocks of course! :D

[ronthepom]

Not yet he hasn't, due to funds being used to top up my current 3 stocks.

Am looking to sell down on spikes & invest into more O&G companies.

I like PSA & BOW, & am looking very closely at LNG & ESI.

All energy stocks of course! :D

Hi Shasta, can you or anyone tell me what sxxt means as in shg under cond last sale today . thanks

[shasta]

Hi Shasta, can you or anyone tell me what sxxt means as in shg under cond last sale today . thanks

Portfolio special crossing - check Stockness

[ronthepom]

Portfolio special crossing - check Stockness

Thanks Shasta, will check now,i'm going to have a closer look at ESI as well.

[bermuda]

BOW up
DOW down

and VPE stagnates.

For those who are new please look up SHG's latest CBM LNG news and the location of Don Juan which is being developed by BOW and VPE.

It is right alongside SHG's Lacerta CBM field.

This wont last

[bermuda]

DOW down
BOW up

and VPE stagnates.

For those new to BOW/VPE look up SHG's latest CBM/ LNG news. They are going to export CBM as LNG from a new $US400 million LNG plant.

The CBM comes from the Lacerta Fiels which is right next door to BOW and VPE's Don Juan which has had significant gas from the first two drills.

Something big is brewing.

[JackSprat]

Thanks Bermuda. So would you say there's a possible merger in the wings? Whatever it is BOW seems to be firing on all cylinders currently. :D

[bermuda]

Thanks Bermuda. So would you say there's a possible merger in the wings? Whatever it is BOW seems to be firing on all cylinders currently. :D

Jack Sprat, you are looking good tonite.

I hadnt considered a merger but man what a brilliant purchase the takeover of VPE would be! Going real cheap and doubles Their exposure in Don Juan.

Now that would be a real coup.

I think BOW is firing because all the guys at ARROW have been talking about BOW's opportunity at Don Juan and the word is getting via that side...wheras VPE has all these guys who will NEVER believe that VPE could actually be on to a good thing.

This thing is going to be big.

[JackSprat]

New image Bermuda now I'm back in BOW. Took my boy to see "Beowulf" the other day and couldn't resist adding Angelina as my avatar. :p

[JackSprat]

Anyone tell me what the story is with the new 25c SPP is about and who qualifies?

[bermuda]

Anyone tell me what the story is with the new 25c SPP is about and who qualifies?

Well this is a little complicated but I have been advised by BOW that the initial tranche of 20 million shares is all taken. As the second largest private shareholder I was a little miffed that I didnt get a chance to participate. Never mind. I have registered as an interested party for future raisings.

The SPP will give shareholders the chance to get A,B and C allocations but I havent seen the figures. Details are in the post.

The complicated bit is that one of the latest announcements says that this SPP will now be offered on a 'First in first served ' basis.

The most encouraging thing is that BOW has continued upward when most other stocks would trace downwards to the capital raising price. In fact this is an exception to the rule.

I think the ARROW people know that BOW are on to a very good thing.

Also the news that SHG and ARROW are going to export CBM as LNG is a HUGE HUGE factor.

In the USA CBM accounts for 7% of all gas sales. That's a big number. But in Australia it is going to be a lot higher.

I never really appreciated this until about 12 months ago when I was asked to become a 33% shareholder in a NZ CBM explorer. Since then I have learnt a lot about this wonderful product.

[JackSprat]

Thanks Bermuda for all that interesting info. I'll get down to researching all of this and coming to grips with it. Pleased I got back in when I did because even with the DOW in a labile mood stock like BOW seem to have sufficient resource and depth to stay positive despite what comes out of the States. Congrats too on being the 2nd largest pte share holder, you've obviously worked hard at getting there. Appreciate all your input. Cheers.

[JackSprat]

Be interesting to see if I get a letter from BOW. I bought shares on the 10th and one had to have them for T+3 to receive these additional 25c shares. Mon, Tues, Wed = 12th. In my case ignorance is definitely not bliss or I would have got shares on Friday 7th! :(
Anyone had their mail yet?

[bermuda]

Be interesting to see if I get a letter from BOW. I bought shares on the 10th and one had to have them for T+3 to receive these additional 25c shares. Mon, Tues, Wed = 12th. In my case ignorance is definitely not bliss or I would have got shares on Friday 7th! :(
Anyone had their mail yet?

Jack Sprat,
I kinda liked Angelina. Where's she gone?
. Nothing in the mail today.

[JackSprat]

I do too but she took off back to Brad so now it's down to more formal things like making piles of money with these shares, hench no avatar; time to get serious. I'm becoming a firm believer that the writing is always on the wall when it comes to the volatility of the sharemarket, it's just a matter of being smart enough to see it coming, figure it out and act accordingly. Knowledge is always the key.
BOW for example went up to .35 at one point last week but has slipped back to .31.5 due to the SPP. Come Monday it will possibly slip a little further but then if SHG and ARROW can get in on CBM then so too surely will BOW, being right next door to them. Infact there is 900sq kms in both permits and BOW owns 60% of the total resource of gassy coal. A fair chunk.
If the sp goes below .30 I'll be buying more.

[bermuda]

I do too but she took off back to Brad so now it's down to more formal things like making piles of money with these shares, hench no avatar; time to get serious. I'm becoming a firm believer that the writing is always on the wall when it comes to the volatility of the sharemarket, it's just a matter of being smart enough to see it coming, figure it out and act accordingly. Knowledge is always the key.
BOW for example went up to .35 at one point last week but has slipped back to .31.5 due to the SPP. Come Monday it will possibly slip a little further but then if SHG and ARROW can get in on CBM then so too surely will BOW, being right next door to them. Infact there is 900sq kms in both permits and BOW owns 60% of the total resource of gassy coal. A fair chunk.
If the sp goes below .30 I'll be buying more.

The best bit about the next CBM drill is that it is closer to Lacerta.

I am also excited about the Don Juan oil drill as discussed on the video

In fact I get excited whenever I think of BOW and VPE

It has taken me a lifetime to find these babies...but now I've got em.

Going to be bigger than TEXAS. Should be buying more.

[JackSprat]

BOW holding pretty well. Tried to get some AGS today but missed the low price and I know BOW has gone below .30 but I needed some uranium stock because it's going to explode in 2008 (excuse the pun). Meantime BOW must be due for another ann soon regarding the Don Juan drill.

[Paddie]

BOW holding pretty well. Tried to get some AGS today but missed the low price and I know BOW has gone below .30 but I needed some uranium stock because it's going to explode in 2008 (excuse the pun). Meantime BOW must be due for another ann soon regarding the Don Juan drill.

JackSprat,

Bow at 27c today is good buying imho. VPE at 13c is below offer to shareholders, and agree that AGS at the lows of today is good buying.

Paddie

Hold AGS, BOW, VPE, MRX, RMG on the ASX

[Paddie]

Bermuda,

Have you received your share purchase plan letter from BOW yet?

Paddie

[Oiler]

Bermuda,

Have you received your share purchase plan letter from BOW yet?

Paddie

I recieved mine on Friday and just had time to catch the bank for a draft to send straight back to OZ. Fingers crossed

[Paddie]

I recieved mine on Friday and just had time to catch the bank for a draft to send straight back to OZ. Fingers crossed


Thanks Oiler,

I haven't received anything yet even though they were sent on the 14th, probably caught up in the Christmas rush.

It will make it tight to take up the entitlement in time, as I probably won't see anything now until the end of the week.

Paddie

[ronthepom]

Thanks Oiler,

I haven't received anything yet even though they were sent on the 14th, probably caught up in the Christmas rush.

It will make it tight to take up the entitlement in time, as I probably won't see anything now until the end of the week.

Paddie

Hi , you can download it then print it out .

[bermuda]

Bermuda,

Have you received your share purchase plan letter from BOW yet?

Paddie

No, hopefully today. Got my VPE docs on Saturday

[Paddie]

No, hopefully today. Got my VPE docs on Saturday

Same with VPE documents on Saturday.

Sent draft off today, fortunately they have extended the closing date.

Still nothing from BOW.


Paddie

[Sharp737]

Just got my share offer....has to be in on Jan 4th....sweet all time for the normal bloke (person)...but up to 20,000 shares per person. Not bad

[JackSprat]

Anyone know if the flooding in q'land has affected the BOW drilling programme??

[Huang Chung]

Anyone know if the flooding in q'land has affected the BOW drilling programme??

Very much doubt it, as the rain and flooding has been mainly around Warwick and Beaudesert in SE Qld and Kyogle / Lismore in Northern NSW. The closest town to the drilling is Roma I believe, which is more to the west.

[JackSprat]

Thanks HC. Just recall Nov a yr back flooded out the place and critical drilling was stopped then. Tough luck for those being hit.

[bermuda]

Thanks HC. Just recall Nov a yr back flooded out the place and critical drilling was stopped then. Tough luck for those being hit.

Jacksprat,
Have emailed for an answer.

[bermuda]

Jacksprat,
Have emailed for an answer.

Operations update due out tomorrow.

[JackSprat]

Good one Bermuda,
Thanks for that.

[bermuda]

Good one Bermuda,
Thanks for that.

Actually the update is now out. Forgot to notice that Ron's email was dated Monday 10.20pm.

Essentially the third CBM drill has been recommenced and has hit the top of the Walloon coals at 57 metres.The total drill depth is 300 metres.

Also BOW set to drill 3 conventional wells 1st quarter 2008.

Looks good to me.Check it out.Very positive.

[macduffy]

Yes, I like it too!

Takes a lot to move Mr Market at the moment though. No movement in the SP and low volume.

[Lebowski]

At 57 meters i could have got the shovel out myself !:)who needs a drilling rig!

Would be good to know the seam thickness !

[bermuda]

At 57 meters i could have got the shovel out myself !:)who needs a drilling rig!

Would be good to know the seam thickness !

Been reading up the old SHG files. If this Walloon field really extends into BOW and VPE permits then we are sure in for a huge year. Based on the first two drills things are sure looking good.

Fingers crossed for Carnarvon-1.

[scorp57]

bermuda-

I am good friends with Shasta and we are part of the URAN faithful team, and he says that you know what you're talking about when it comes to oilers.

i am split between BOW CVN and OEL.

Should i just grab some BOW while i can or will the share price linger whilst there is some slight dillution ahead?

[bermuda]

bermuda-

I am good friends with Shasta and we are part of the URAN faithful team, and he says that you know what you're talking about when it comes to oilers.

i am split between BOW CVN and OEL.

Should i just grab some BOW while i can or will the share price linger whilst there is some slight dillution ahead?

I like all your picks but if you want BOW you had better get in now before their CSM program gets some traction.Strachan from Stock Analysis rates a successful CSM at Don Juan as worth $1.00 to BOW alone and that doesnt allow for an exciting drill programme coming up with Santos.

I am in donkey deep.

[Huang Chung]

I like all your picks but if you want BOW you had better get in now before their CSM program gets some traction.Strachan from Stock Analysis rates a successful CSM at Don Juan as worth $1.00 to BOW alone and that doesnt allow for an exciting drill programme coming up with Santos.

I am in donkey deep.

Ah, who am I to argue.....:confused:

Bought in today. :)

[scorp57]

thanks heaps. will buy in tomoro.

[bermuda]

thanks heaps. will buy in tomoro.

Dont forget VPE. Could be the absolute market darling.

VPE hasnt moved.....have a look at their 2008 Plan... 2 joint projects with BOW.

This is under the radar.

[ronthepom]

Dont forget VPE. Could be the absolute market darling.

VPE hasnt moved.....have a look at their 2008 Plan... 2 joint projects with BOW.

This is under the radar.

Hi Bermuda,
yeh i picked up on that 3 weeks ago and bought in at 14cents havent moved much yet !
also bought bur at the same time,another one also --gold- BDG thought was worth a punt.

[bermuda]

Good news guys.Yippee,...I am starting early tonite.

BOW has just confirmed Carnarvon-1 as a producer and are on their way to proving up at least 200BCF of CSM.

Gunna be a great year for BOW..and VPE.

HAPPY NEW YEAR!!!

[JackSprat]

Great news alright and glad I got back in when I did. Incredible to think BOW has got so many targets and that they are now all beginning to hit the bulls eye.
;)

[Crypto Crude]

CSG news out... BOW up, VPE marginal but up... Man, We just gonna hit these targets, hit them again and again until the market wakes up...kind of like CVN right...
... 7 drill santos drilling program starting Feb...
Wow HAA...
I feel safe holding this investment in the current market situation...
:cool:
.^sc

[scorp57]

got in on friday for 28.5 cents. thanks heaps for the heads up bermuda and everyone else. i also feel safe with this one in current market situation.

[bermuda]

Well this is a little complicated but I have been advised by BOW that the initial tranche of 20 million shares is all taken. As the second largest private shareholder I was a little miffed that I didnt get a chance to participate. Never mind. I have registered as an interested party for future raisings.

The SPP will give shareholders the chance to get A,B and C allocations but I havent seen the figures. Details are in the post.

The complicated bit is that one of the latest announcements says that this SPP will now be offered on a 'First in first served ' basis.

The most encouraging thing is that BOW has continued upward when most other stocks would trace downwards to the capital raising price. In fact this is an exception to the rule.

I think the ARROW people know that BOW are on to a very good thing.

Also the news that SHG and ARROW are going to export CBM as LNG is a HUGE HUGE factor.

In the USA CBM accounts for 7% of all gas sales. That's a big number. But in Australia it is going to be a lot higher.

I never really appreciated this until about 12 months ago when I was asked to become a 33% shareholder in a NZ CBM explorer. Since then I have learnt a lot about this wonderful product.

Wonderful news today.

We are our way to $1.00

[scorp57]

as i am no expert in the oil sector, i have a few questions about BOW.

what sort of EPS are u expecting? (even a ballpark figure)
and also i read that after farm out they will receive 15% of the JV with santos? is that correct? when is that anticipated to go ahead?

[Paddie]

Good buying today IMHO at .255, unless the DOW tanks again tonight.

Picked up a few extra myself, as am not sure wether I got the extra 20,000 from the SSP.

Article in Resource Stocks posted out was interesting.

Looking good for 2008.

Paddie

[Crypto Crude]

scorp57-as i am no expert in the oil sector, i have a few questions about BOW.

1)what sort of EPS are u expecting? (even a ballpark figure)
2)and also i read that after farm out they will receive 15% of the JV with santos? is that correct?
3) when is that anticipated to go ahead?


Hey scorp...
1)You are getting abit far ahead of where Bow/vpe are currently at with CSG valuations, EPS...
These projects are still in infancy stage and further drilling is to come...
Development go ahead is a certainty, as BOW have said the wells will be going into future production... so NPV>0...
How profitable CSG will be is yet to be fully known... Ive put 45% of my wealth into the VPEO's and I highly rate this project compared to the respective market caps...
Investment bankers, analysts, traders cannot tell you what EPS is expected to be yet...This is the main reason why these companies are so cheap. The market just does not know how to value these projects because we only have a few producers out of many more to come, and in vpes case alot of weary investors.......
When certified reserves come out then we can start to play with the numbers.... I Donot ever show my numbers unless they are correct... and EPS guessing is just that....
...

2) yes that is correct... 7 wells free carried...Vpe exactly the same..

3) two wells in Feb, the rest throughout the year...
...
..
.
Is VPE not Arbitrage?... WE had BOW booming and VPE going sideways... Holding all else equal, then BOW is a sell or VPE is a buy....
Bow is surely not a sell.... now saying that VPE is a risk free profit is not technically correct...its got to be close...
BOW and VPE will rise up this year regardless of what market does...
SC looking to buy in market shares or VPE sub 6cents...
Im looking for the Yogi fall that he predicted...
bring on recession...
:cool:
.^sc

[bermuda]

Shrewdy,
Peter Strachan as you know has done the numbers which before the latest capital raising put a value on BOW's CSM at $1.00 and VPE's CSM at $0.60. This relates to Don Juan only and is conservative. OK this CSM has not yet been proven but both companies now have the money to develop it and their first 3 wells have been been above expectation.SHG, their neighbour, has seen its market cap rise 10 fold and I expect similar re ratings for both BOW and VPE.The good thing is they have the expertise with BOW as the operator and they have the capital.

Add on the oil permits and drilling program with Santos and you have a formula for success particularly as Santos know this area well and have been encouraged back by INP's spectacular discovery at East Flax which is reputably the biggest onshore oil field in Australia.

Santos are not fools and would not be going back into this area unless there were some rich pickings to be had.

Also of note was the Friday notice by VPE which saw Odin Energy take a stake in VPE. Odin Energy have some pretty good brains and they clearly see the potential of VPE in the Cooper Basin plus they can see that it is clearly undervalued due to a number of factors.

I will definitely be trying to get some more VPEO.

[STRAT]

SC looking to buy in market shares or VPE sub 6cents...

:cool:
.^scGudday Shrewdy, You are refering to VPEO in the above post I assume?

[Crypto Crude]

My mistake strat...

Bermuda,
I also made a mistake because I said valuation when what I was replying to was a scorp EPS enquiry which I or no one else could possibly attempt to answer this early on... Yes the large forward looking valuation is what we are chasing and If these onshore wells continue plonking out great success's then the big SP's is what we will get...The real valuations are as you said 'yet to be proven'... making investment in favourable projects is what this is all about and you spotted a beauty pre discovery...
How the helll do you spot a great project before it has even been discovered...?... VPE is now the same price as it was pre discovery....
go figure....

man...I'll ride the wave of turmoil markets on the back of options of a speculative small capped oil company and come out the other end a surfer....
:cool:
.^sc

[STRAT]

My mistake strat...

:cool:
.^scI wasnt just pulling you up mate. In todays market there was a possibility you really did mean the heads :eek::D

[JackSprat]

What a bounce this morning. Glad I went shopping yesterday. Effectively dropped my buy in price by 7%....................:D

[JackSprat]

Anyone know the results of the latest drill? It was down 36m Friday last with 300m+ to go and then silence??

[Lebowski]

Was wondering this myself JS maybe the drilling is a slower process as their going for core samples to check coal qualities .

Looking forward to the joint csg /oil drill at Don Juan North as a result here will confirm csg potential over another 300 plus square km :D

And oil would be a definate bonus :)

Won't get my hopes up too much as this has been drilled 3 time before!

Anyone got any background on the potential for sucess on testing oil shows?

[Sharp737]

http://www.asx.com.au/asxpdf/20080130/pdf/3175278kmz5bty.pdf

Check out page 12 for details. This could be good. I remember that Kupe 1 years ago had oil shows....then NZOG drilled Kupe South 1 and whallah!! At long last it's being developed :-)

Sharp

[Sharp737]

Hey guys and girls

Anybody know what's happened to Gerry? Havn't heard of him for ages after the Summit explosion....

Thanks
Sharp

[shasta]

Hey guys and girls

Anybody know what's happened to Gerry? Havn't heard of him for ages after the Summit explosion....

Thanks
Sharp

Sad to say Gerry passed away, there is a thread in the off topic section about this.

Sorry to be the bearer of bad news...

[Sharp737]

Thanks Shasta. That is sad news.

Sharp

[bermuda]

To all Bow holders.

Do not despair. It is just one of those things when options get exercised at 20 cents. That's where the Headshare heads.

Anyone watching?.....buy BOW.

This is not a ramp.

Just a matter of fact.

[Serpie]

Haven't been tracking BOW lately Super B. Sounds like they've hit a slump like many others, and SPP's are never helpful.
You're obviously still bullish on BOW. How do they rank when compared to your other favourites RPM and VPE?

[tobo]

....Sounds like they've hit a slump like many others, ...

I've been watching BOW, NWE, RFE early oils, to acccumulate whichever seems the cheapest.
Wanted more BOW, but NWE been visiting 12c in recent weeks (now 18c). Couldn't resist that, so now that BOW looking like bargain I'm short of cash!

Tobo

[bermuda]

Haven't been tracking BOW lately Super B. Sounds like they've hit a slump like many others, and SPP's are never helpful.
You're obviously still bullish on BOW. How do they rank when compared to your other favourites RPM and VPE?

I would rate them as follows
No 1 RPM if you are looking for leverage it is hard to go past this one.
No.2 VPE about to get significantly uprated.Great stoush going on at the moment.Odin upped their 'mop up' bid to 17 cents. Lots coming up here.
No.3 BOW will be a different animal in a couple of months.Getting hit at the moment as shareholders sell the Heads to pick up their 20 cent options.Happens all the time eh.

[Financially dependant]

I would rate them as follows
No 1 RPM if you are looking for leverage it is hard to go past this one.
No.2 VPE about to get significantly uprated.Great stoush going on at the moment.Odin upped their 'mop up' bid to 17 cents. Lots coming up here.
No.3 BOW will be a different animal in a couple of months.Getting hit at the moment as shareholders sell the Heads to pick up their 20 cent options.Happens all the time eh.

Thanks for that Bermuda, I have jumped on the RPM & VPE bandwagon. With Odin supporting VPE sp and RPM's growing income I thought they are very safe bets with a huge up side!

[Bilo]

I would rate them as follows
No 1 RPM if you are looking for leverage it is hard to go past this one.
No.2 VPE about to get significantly uprated.Great stoush going on at the moment.Odin upped their 'mop up' bid to 17 cents. Lots coming up here.
No.3 BOW will be a different animal in a couple of months.Getting hit at the moment as shareholders sell the Heads to pick up their 20 cent options.Happens all the time eh.

I don't know if you saw this but the Aussies are getting serious about the low price for gas on the East Coast.

COAL-SEAM gas producer Queensland Gas has slashed its annual sales target by 23% as it prepares to sell gas at higher prices through a proposed $8 billion liquefied natural gas project at Gladstone.

After reporting a maiden half-year profit of $22.1 million, Queensland Gas said it would sell 23 petajoules (PJ) of coal-seam gas this year rather than its initial 30PJ target. It said it might downgrade production targets for the next two years.
Managing director Richard Cottee said limiting domestic sales would allow it to focus on future higher-value LNG sales.
"We are going for value, not volume," he said. "We are not entering into any further long-term sales contracts."

Queensland Gas recently signed a joint-venture deal with Britain's BG Group to develop the $8 billion LNG project, which could be in production by 2014. Santos is planning a similar project. Mr Cottee agreed with recent comments by Santos managing director John Ellice-Flint that it would make sense to combine the projects.
"I think there would be enormous economic utility in sharing infrastructure," Mr Cottee said. "I always take the view you never get between a capitalist and a bucket of money. Money will talk."

Mr Cottee said some of Queensland Gas' new wells being developed in the meantime would be de-watered and then shut in to allow the company to obtain higher LNG prices at a later date.
"There is no requirement for forced sales of our gas (to the domestic market)," he said. "We have faith we can meet the LNG target without causing a glut of gas in the interim."

Mr Cottee said Queensland Gas would continue to increase the amount of production sold into the domestic market and was aiming at 140PJ a year of export sales and 70PJ a year of domestic sales in 2013.

Its shares yesterday closed 4¢ lower at $4.21.

[bermuda]

I don't know if you saw this but the Aussies are getting serious about the low price for gas on the East Coast.

COAL-SEAM gas producer Queensland Gas has slashed its annual sales target by 23% as it prepares to sell gas at higher prices through a proposed $8 billion liquefied natural gas project at Gladstone.

After reporting a maiden half-year profit of $22.1 million, Queensland Gas said it would sell 23 petajoules (PJ) of coal-seam gas this year rather than its initial 30PJ target. It said it might downgrade production targets for the next two years.
Managing director Richard Cottee said limiting domestic sales would allow it to focus on future higher-value LNG sales.
"We are going for value, not volume," he said. "We are not entering into any further long-term sales contracts."

Queensland Gas recently signed a joint-venture deal with Britain's BG Group to develop the $8 billion LNG project, which could be in production by 2014. Santos is planning a similar project. Mr Cottee agreed with recent comments by Santos managing director John Ellice-Flint that it would make sense to combine the projects.
"I think there would be enormous economic utility in sharing infrastructure," Mr Cottee said. "I always take the view you never get between a capitalist and a bucket of money. Money will talk."

Mr Cottee said some of Queensland Gas' new wells being developed in the meantime would be de-watered and then shut in to allow the company to obtain higher LNG prices at a later date.
"There is no requirement for forced sales of our gas (to the domestic market)," he said. "We have faith we can meet the LNG target without causing a glut of gas in the interim."

Mr Cottee said Queensland Gas would continue to increase the amount of production sold into the domestic market and was aiming at 140PJ a year of export sales and 70PJ a year of domestic sales in 2013.

Its shares yesterday closed 4¢ lower at $4.21.

Thanks for that Bilo. CSG will become a very important part of Australia's economic fortune.

Re the pricing I jumped for joy when I heard the PNG pipeline wasnt going ahead and I hit the ceiling when I heard about a Japanese company getting into SHG. So I went through the roof when the British Gas deal with QGC was announced.

An LNG plant means international sales and INTERNATIONAL prices. And both demand and pricing are headed higher.

Great time to get into these stocks.

[Financially dependant]

Thanks for that Bilo. CSG will become a very important part of Australia's economic fortune.

Re the pricing I jumped for joy when I heard the PNG pipeline wasnt going ahead and I hit the ceiling when I heard about a Japanese company getting into SHG. So I went through the roof when the British Gas deal with QGC was announced.

An LNG plant means international sales and INTERNATIONAL prices. And both demand and pricing are headed higher.

Great time to get into these stocks.

Not to mention the Russian's playing games with gas supplies in Europe, they are all looking for alternative sources.

[mark100]

You would have to think SHG is a sitting duck at the moment for the likes of AOE, QGC, STO etc. And BOW possibly a target for SHG

[bermuda]

You would have to think SHG is a sitting duck at the moment for the likes of AOE, QGC, STO etc. And BOW possibly a target for SHG

Yes, this whole industry is in for a lot of merger/takeover activity over the next few years.

BOW, VPE and RPM have some very sought after CSG acreage and the likes of QGC, SaANTOS SHG and others need 7 TCF to supply an LNG Plant.

The homework is being done now. A fortune to be made here.

[stephens.pc]

Have been reading this thread for months - managed to get into both BOW and VPE today, trying to pick up some VPEO as well. Hopefully some exciting times ahead!

[shasta]

Yes, this whole industry is in for a lot of merger/takeover activity over the next few years.

BOW, VPE and RPM have some very sought after CSG acreage and the likes of QGC, SaANTOS SHG and others need 7 TCF to supply an LNG Plant.

The homework is being done now. A fortune to be made here.

Bermuda

What about the impact of QGC, AOE & LNG all looking to build plants in the QLD area?

[bermuda]

Bermuda

What about the impact of QGC, AOE & LNG all looking to build plants in the QLD area?

Shasta,
There will be only one LNG Plant. As per Bilo's comment Cottee and Ellice-Flint are already talking.This is all just going to get better and better.

[Serpie]

Thanks Bermuda. Green day for BOW, VPE and especially RPM today. You're right on the money as usual.

[STRAT]

Chart wize BOW is looking very interesting right now. Are you guys expecting some action here soon? ( soon as in month / months )

[bermuda]

Chart wize BOW is looking very interesting right now. Are you guys expecting some action here soon? ( soon as in month / months )

Dont follow the charts Strat, just the fundamentals. Would hope that we get to $1.00 by Christmas.

[STRAT]

Dont follow the charts Strat, just the fundamentals. Would hope that we get to $1.00 by Christmas.Hi Bermuda,
We all have our way of getting to the same destination and using TA has served me well so far. I know you are long on BOW but right now Im playing it safe and short. Size of portfolio is relevant too. I suspect my portfolio would fit in your portfolio's back pocket leaving room for a wallet and car keys. :D

While on the subject of BOW and kissin cousins, thanks for putting me onto RPM.;)

PS a lots gonna happen between now and Christmas and it aint all gonna be good:(

[Sharp737]

BOW has just increased its stake in Don Juan CSG Project from 45% to 55%.

Now that is a vote of confidence!

Sharp

[Huang Chung]

Are Sunshine Gas accumulating a war chest to have a go at BOW or VPE?

SHG have just sold their UK subsidiary, and are now in a trading halt pending the announcement of a capital raising.

Now that Don Juan looks to have the goods, SHG might just be plotting a move to stitch up Don Juan and tie it in with their Lacerta prospect.

Now that BOW are moving to a 55% stake in Don Juan, you would think they would be the likely target (and QGC, backed by AGK are buying into VPE)

Thoughts anyone?

[JackSprat]

Any ideas or concerns about the fact BOW had dealings with Opes Prime?? How it will affect BOW ? Us?:confused:

[bermuda]

Are Sunshine Gas accumulating a war chest to have a go at BOW or VPE?

SHG have just sold their UK subsidiary, and are now in a trading halt pending the announcement of a capital raising.

Now that Don Juan looks to have the goods, SHG might just be plotting a move to stitch up Don Juan and tie it in with their Lacerta prospect.

Now that BOW are moving to a 55% stake in Don Juan, you would think they would be the likely target (and QGC, backed by AGK are buying into VPE)

Thoughts anyone?

If SHG dont do it someone else will. There is big offshore interests in these permits as well.

[tobo]

Placement to directors at 25c did not proceed - turned down by ASX.
Anyone got an opinion why did ASX turn it down, or was this a 'mechanism' for directors to get out of it in the face of 20c mkt sp., or something else?

ToBo :confused:

[STRAT]

Placement to directors at 25c did not proceed - turned down by ASX.
Anyone got an opinion why did ASX turn it down, or was this a 'mechanism' for directors to get out of it in the face of 20c mkt sp., or something else?

ToBo :confused:Their application for an extension of time was turned down. Details aside I suspect you were right with your first guess.

[trackers]

ASX Announcement
23 April 2008
First Cooper-Eromanga Basin Farmin oil exploration well
commences

The directors of Bow Energy Ltd (Bow) are pleased to announce that the first well to
be drilled under the ATP 752P farmin agreement with Santos Ltd (Santos) and Avery
Resources (Australia) Pty Ltd (Avery) has commenced with drilling operations at
Cuisinier-1.

Cuisinier-1, being operated by Santos, spudded at 2000 hours on 21 April 2008.
Cuisinier-1 is planned to be drilled to a total depth of 2,513m in 15 days and tests a
seismically defined 4-way closed structure with the Hutton sandstone as the primary
target. Secondary targets include the Namur and Doonmulla sandstones. Cuisinier-1
is located approximately 6.2km west of the Santos operated Cook Oil Field.
The ATP 752P farmin earning program consists of up to 7 oil exploration wells and a
minimum of 300km2 of 3D seismic data to be carried out in the Wompi and Barta
blocks which make up ATP 752P.

Bow is fully carried for the 7 wells and all new seismic data acquired under the staged
ATP 752P farm-in arrangements and will retain a 15% working interest on completion
of the farmin.

For and on behalf of the Board
Duncan Cornish
Company Secretary

[trackers]

Up around 5% today, now 0.19/0.195...Good good

[bermuda]

Up around 5% today, now 0.19/0.195...Good good

Trackers,
We have been hit by Opes and as a lightly traded stock, BOW has suffered. The fundamentals havent changed. I aint got 1.3 m of these for nothing.DYOR.

[scorp57]

i thought todays ann was great. surprised SP didnt run a little harder. but hey i will accumulate.

i am very happy to hold BOW and RPM, from here on in. hopefully a little less market negativity and some good news along the way will see these 2 at multiples.

bermuda- just read the BG singapore LNG news. sounds great! They will need to make a hell of alot of aquisitions by the sounds of it!

[Dr_Who]

Do ANZ hold any BOW?

[bermuda]

Do ANZ hold any BOW?

They did, but at below the 5% level. This Opes thing really sucks and I hope there is enough fuel to force ANZ to make up any shortfall to Opes clients.

Anyway, it has had a bad effect on Aussie junior oilers but I think the worst is over. It might have affected the sp but it hasnt affected the fundamentals. Expect a big rerating.

[Dr_Who]

The BOW graph shows a down trend. Will keep my eyes on the sp. Will wait for it bottoms. Any research reports for BOW I can read?

[STRAT]

The BOW graph shows a down trend. Will keep my eyes on the sp. Will wait for it bottoms. Any research reports for BOW I can read?Looks like BOW is having a bit of a turn around.

[Phaedrus]

It never ceases to amaze me just how incredibly linear trends can be.

http://h1.ripway.com/Phaedrus/BOW52.gif

[tommy]

Well spotted STRAT mate, although I don't like the extremely small trading volumes...

Phaedrus, thanks for the very informative chart, excellent work as always :-)

[STRAT]

Well spotted STRAT mate, although I don't like the extremely small trading volumes...

Phaedrus, thanks for the very informative chart, excellent work as always :-)Hi Tommy,
Ive had a buy order in @ 17 for a few days and watched it walk quietly away from me :rolleyes: and I agree about the volume.

[STRAT]

It never ceases to amaze me just how incredibly linear trends can be.
Hi Phaedrus,
Text book eh? if it continues that is.
I wish the same could be said for VPE and RPM :confused::D

[Dr_Who]

Looks like BOW is having a bit of a turn around.

Thanks mate. I bought some VPE, so will leave BOW for another day. I am liking VPE very much and wants to slowly accumulate more shares on price weakness.

[STRAT]

Thanks mate. I bought some VPE, so will leave BOW for another day. I am liking VPE very much and wants to slowly accumulate more shares on price weakness.Hi Doc ,
not sure what I did to deserve the thanks :confused: but you are welcome anyway:D

[fruitloop]

Cuisinier-1 cased and suspended as a future oil producer
6M oil column

[Sharp737]

http://www.asx.com.au/asxpdf/20080506/pdf/318zdnjrwvllff.pdf

This is very very good news and with Santos as the Operator, Excellent!!

Good oil shows in good resevoir sands. 6m is enough to have a nice field (some of the Tui oil field is only around 10m of pay), very nice and on land. Lovely

Sharp

[bermuda]

Shrewdy,
Peter Strachan as you know has done the numbers which before the latest capital raising put a value on BOW's CSM at $1.00 and VPE's CSM at $0.60. This relates to Don Juan only and is conservative. OK this CSM has not yet been proven but both companies now have the money to develop it and their first 3 wells have been been above expectation.SHG, their neighbour, has seen its market cap rise 10 fold and I expect similar re ratings for both BOW and VPE.The good thing is they have the expertise with BOW as the operator and they have the capital.

Add on the oil permits and drilling program with Santos and you have a formula for success particularly as Santos know this area well and have been encouraged back by INP's spectacular discovery at East Flax which is reputably the biggest onshore oil field in Australia.

Santos are not fools and would not be going back into this area unless there were some rich pickings to be had.

Also of note was the Friday notice by VPE which saw Odin Energy take a stake in VPE.
Odin Energy have some pretty good brains and they clearly see the potential of VPE in the
Cooper Basin plus they can see that it is clearly undervalued due to a number of factors.

I will definitely be trying to get some more VPEO.

Posted this back in January and I know some of you got a few so well done.
Strat, I really hope you got some.

What a brilliant start.

[mark100]

Good news for BOW (and me) today. Although pity BOW farmed down to 15%. They used to have 50% I think. Then again 15% is better than nothing and hopefully it will spin off a bit of cash to help fund Don Juan's development

[Paddie]

This is good news with regards to the Cuisinier result, and with potentially 11 million bbls from Hudson things are looking good.

My concern is that they get taken out before they reach even close to their real value.

Exciting times

Paddie

[STRAT]

Announcement out. Looks like that retrace in coming

[clearasmud]

bow still strong even on a down day.

this little co has been my biggest performer!

Much more to come me thinks.

[bermuda]

Announcement out. Looks like that retrace in coming

Strat,
We aint even started mate.

DYOR

[STRAT]

Strat,
We aint even started mate.

DYORLOL Bermuda,
I already hold RPM and VPE. If I buy some BOW people might start talkin about us :eek:

Right now at current prices VPEO or BOW?

PS there was a retrace all be it a small one:D

[bermuda]

LOL Bermuda,
I already hold RPM and VPE. If I buy some BOW people might start talkin about us :eek:

Right now at current prices VPEO or BOW?

PS there was a retrace all be it a small one:D

Hi Strat,
Nice reply.

It only took me a few seconds

VPEO.

This one is destined to be my biggest ever return.

[bermuda]

Hi Strat,
Nice reply.

It only took me a few seconds

VPEO.

This one is destined to be my biggest ever return.

Hey Strat, imagine if the market knew what you and I know. Far out.

[STRAT]

Hey Strat, imagine if the market knew what you and I know. Far out.Imagine if I knew what you and I know :D

Seriously though I think I asked the same question of you about VPE and RPM. If not me somebody. Back then you said RPM if I remember correctly. Mind you RPM was half the price it is now

[bermuda]

Imagine if I knew what you and I know :D

Seriously though I think I asked the same question of you about VPE and RPM. If not me somebody. Back then you said RPM if I remember correctly. Mind you RPM was half the price it is now

It is a question of timing. VPEO becomes a 10 bagger before RPM. Hadnt thought of that before. And you are right , in my mind I was thinking of my first RPM purchace at 4.4 which takes quite a bit of leverage out of the equation.

Imagine if we combined our talents. My goal is $1.2 billion inside 20 years. What's yours?

[scorp57]

loving BOW and RPM. thanks Bermuda again for the heads up.
do you think VPE are lookin good at these levels too?

i am tryin to decide which one of the 3 i should purchase.

Uran will be a 10 bagger before VPEO hahaha! :P

[bermuda]

yeah, far out

so far out you could both possibly move the market,


LOL

insideoutinsiders

Forgive me if I am wrong but look at it this way. Put a million down today and make 50% every year. Do the math. We all have brains. Why not drain the market and donate it to charity.

And to take your point yes it does get hard not to move the market.
But we can do it.

[bermuda]

loving BOW and RPM. thanks Bermuda again for the heads up.
do you think VPE are lookin good at these levels too?

i am tryin to decide which one of the 3 i should purchase.

Uran will be a 10 bagger before VPEO hahaha! :P

VPE are looking like a very quick 4 bagger providing the next drill come in. It is a risk, but the sp is protected by so many things which will become apparent.

Dont know anything about Uran so cant comment.

[STRAT]

It is a question of timing. VPEO becomes a 10 bagger before RPM. Hadnt thought of that before. And you are right , in my mind I was thinking of my first RPM purchace at 4.4 which takes quite a bit of leverage out of the equation.

Imagine if we combined our talents. My goal is $1.2 billion inside 20 years. What's yours?My ambitions are considerably more humble. I would settle for not having to work ever again.

Timing is everything and Im still trying to get my head around the timing with these three so thinking out loud for a second or two....

Bow has run so short term I would leave it alone. Holding VPE and RPM
RPM up 105% so do I let it ride? ( no TA sell signals yet as far as I can see ) As my holdings are modest Im looking to maximize gains. If I had my head around time lines for these 3 perhaps selling RPM and re investing in VPEO might be worth considering but VPEO is a little hard to read. They dont always follow the heads. Heads have spiked a few times and left the oppies behind. From my perspective if I was to be as confident in these stocks as you are I would want to trade in and out along the way.

[bermuda]

My ambitions are considerably more humble. I would settle for not having to work ever again.

Timing is everything and Im still trying to get my head around the timing with these three so thinking out loud for a second or two....

Bow has run so short term I would leave it alone. Holding VPE and RPM
RPM up 105% so do I let it ride? ( no TA sell signals yet as far as I can see ) As my holdings are modest Im looking to maximize gains. If I had my head around time lines for these 3 perhaps selling RPM and re investing in VPEO might be worth considering but VPEO is a little hard to read. They dont always follow the heads. Heads have spiked a few times and left the oppies behind. From my perspective if I was to be as confident in these stocks as you are I would want to trade in and out along the way.

Well Strat,
You have got more brains than most of us on this thread.

Here is my advice.

Put all your money on any one of those CSG plays and in 12 months you will have made 50%. Keep doing that for 20 years and that is a lot to give to charity. At this stage mine is going to Blue Light. ( education for those youngsters who havent had a chance )

[mark100]

A BOW director bought $50k worth on market last week at 29c average

[STRAT]

Well Strat,
You have got more brains than most of us on this thread.

Here is my advice.

Put all your money on any one of those CSG plays and in 12 months you will have made 50%. Keep doing that for 20 years and that is a lot to give to charity. At this stage mine is going to Blue Light. ( education for those youngsters who havent had a chance )Bermuda,
Thats very kind of you to say but not accurate Im afraid. Im pretty much still a newbie and there are many posters here who have forgotten more than I have learned so far but I do enjoy the game and the interaction. If Someone had told me a few years back I would in the future be spending a lot of time on an Internet Chat site I would have laughed at them.:D

and thanks for your advice

[ronthepom]

A BOW director bought $50k worth on market last week at 29c average

Hi Mark,

BOW increased their stake in the Don Juan field from 45%--55% .

[jdg]

Forgive me if I am wrong but look at it this way. Put a million down today and make 50% every year. Do the math. We all have brains. Why not drain the market and donate it to charity.

And to take your point yes it does get hard not to move the market.
But we can do it.


i love your optimism, mate, but 50% every year? gee, i'd want to check for circular scars on your hands and feet if you achieved that. still, if you even get close i'll claim you as my deity regardless. warren buffet probably will too... best of luck with it. i admire your charitable inclinations.

-j

[STRAT]

i love your optimism, mate, but 50% every year? gee, i'd want to check for circular scars on your hands and feet if you achieved that. still, if you even get close i'll claim you as my deity regardless. warren buffet probably will too... best of luck with it. i admire your charitable inclinations.

-jLOL, The biggest problem I had with that post by Bermuda was "a million down" :(

Anyone want to lend me a few bucks :D

[jdg]

for me, i think i'd find it easier going 'a million down' than a million up...
hope you make a fortune, strat. good luck.

-j

[STRAT]

for me, i think i'd find it easier going 'a million down' than a million up...
hope you make a fortune, strat. good luck.

-jHi jdg, actually it wasnt so much up/down that I was rambling about. More over that you have to have a million to start with and I dont :(

[scorp57]

captain B! when you expecting the next drill results?

[bermuda]

captain B! when you expecting the next drill results?

Hey guys you dont need a million. Just an xtra few years. And you guys are younger
.
A 50 % increase each year aint that hard.

I have booked my flights and registration to next weeks conference.In Sydney. Will meet RF and JK for the first time!!

Far out. Tis going to be a big week.

[AMR]

i love your optimism, mate, but 50% every year? gee, i'd want to check for circular scars on your hands and feet if you achieved that. still, if you even get close i'll claim you as my deity regardless. warren buffet probably will too... best of luck with it. i admire your charitable inclinations.

-j

We're talking about trading here mate, not buy and hold. A fund manager is lucky to earn 30% year on year. Compress the timeframe to trading, and your returns increase. Compress it again to daytrading and ramp up your leverage with futures, and you can achieve 100% return a month. (It would require you to quit your job unfortunately).

[bermuda]

We're talking about trading here mate, not buy and hold. A fund manager is lucky to earn 30% year on year. Compress the timeframe to trading, and your returns increase. Compress it again to daytrading and ramp up your leverage with futures, and you can achieve 100% return a month. (It would require you to quit your job unfortunately).

AMR,
I just buy and hold on fundamentals. Make 2-3 fold per annum. I dont want the stress of day trading but do you think I should try some of these CFD's. Personally I am happy where I am but I love a financial challenge. Think I will stay as I am and just make 2-3 times per annum with enjoyable input. Always looking though.

[Corporate]

AMR,
I just buy and hold on fundamentals. Make 2-3 fold per annum. I dont want the stress of day trading but do you think I should try some of these CFD's. Personally I am happy where I am but I love a financial challenge. Think I will stay as I am and just make 2-3 times per annum with enjoyable input. Always looking though.

If i could make 2-3 times a year I'd be out of my day job for sure. It pretty much occupies all of my time.

[jdg]

We're talking about trading here mate, not buy and hold. A fund manager is lucky to earn 30% year on year. Compress the timeframe to trading, and your returns increase. Compress it again to daytrading and ramp up your leverage with futures, and you can achieve 100% return a month. (It would require you to quit your job unfortunately).


i'm hearing you, but investing, trading, following yogi.. whatever you do, 50% per year over a long period is pretty damned remarkable. it's been a bit easy for the last few years - this one will be a good test. best of luck with it.

and strat, i was on to your joke..i was just trying to take it one further - failed, obviously... good luck, mate, your first million has to start somewhere.

-j

[STRAT]

and strat, i was on to your joke..i was just trying to take it one further - failed, obviously... good luck, mate, your first million has to start somewhere.

-jHi J,
I see that now but its hard sometimes to see the grin behind the text so one must guess at the sentiment behind the post but these help :D:D:D:D ;):cool::p

[scorp57]

Bermuda- What do you expect from Wednesday's conference? who will be the big winners in your opinion?

any left field announcements we should be lookin out for? hopefully BOW's pullback is just profit taking. they are shaping up for a great run this year!

[bermuda]

Bermuda- What do you expect from Wednesday's conference? who will be the big winners in your opinion?

any left field announcements we should be lookin out for? hopefully BOW's pullback is just profit taking. they are shaping up for a great run this year!

Conference is Monday/ Tuesday. Most of the presentaions will hopefully be available on the individual copmany websites.

I am not looking for anything left field but I am looking forward to meeting JK and RP.

I think a lot of investors are going to find out that VPE and RPM are very well linked to the to the forthcoming LNG plant(s) at Gladstone. And in that regard dont worry about BOW, they have ARROW behind them.

RP used to boast ( I think unwisely) that he a plan to take BOW to $2.00 That was a while ago and since then he has wisely let the market do the talking.

But imho that is where the market will take us. $2.00. Might take a year and a bit though.

[Financially dependant]

The punters like the presentation, sp up over 20% at the moment!

[scorp57]

great day today! solid buying too.

i think the market is waking up to what bermuda has been saying about this company for a long time now.

[redzone]

add eor.v......

[Paddie]

great day today! solid buying too.

i think the market is waking up to what bermuda has been saying about this company for a long time now.



And going ballistic again today up to a new high.

The share price has more than doubled in the last month.

Paddie

[bermuda]

Clearasmud,
A big day for BOW!!!
We are into CSG. Fantastic news.
The shareprice could emulate Pure Energy which has recently run from 16 cents to 80 plus.
I wont be selling.
Any news following your emails to Ron?
Cheers.

For no reason at all was just scrolling some earlier posts. Saw the above and just thought I should post it again. Man, that was a year ago.

What a great learning curve we have all been on.

Thanks Guys. Without you this run of luck wouldnt be continuing. Believe me all my knowledge has come from you on this thread. It was one of the best financial decisions I have ever made in my life .Thankyou.... When is it going to end? ....It is a worry ....And I dont like worry in my life. I might stop posting for a while. And then I think why stifle a passion I am really enjoying. ( like nothing ever in my life )

Without posting I would be dormant. Period.

I thank you all,
Yours Sincerely
Bermuda

Actually I reread this and thought I better not send and then I thought ...why did I write it? Thankyou again.

[clearasmud]

hi Bermuda,
I've still got my 600k Bow at 12.77c ave!
Thanks for all your posts as its helped me keep my focus and get me into vpe.
Yes we should see oil at $160 some time this year and $200 some time next year.
there likely will be pullbacks though.

Thanks again

[bermuda]

hi Bermuda,
I've still got my 600k Bow at 12.77c ave!
Thanks for all your posts as its helped me keep my focus and get me into vpe.
Yes we should see oil at $160 some time this year and $200 some time next year.
there likely will be pullbacks though.

Thanks again

Thanks Mate,.....appreciated.

We are going to be rewarded.

[bermuda]

It will be interesting to see how the market responds to the above stunning announcement.

BOW is on a roll and despite the $4 drop in oil ( temporary ) , we have a lot to look forward to.

Will be an interesting day for oilers but those with CSG sure got a boost with the Petronas ( Malaysia ) news....and it wont be too long befrore we hear from Petronet ( India )

[Financially dependant]

Yes I think it will be a big day to the CSG sector, re rating or 2p reserves again

"Santos said the deal translated to $4.91 a gigajoule for its proven and probable, or 2P, reserves. One analyst at a major broking house not involved in the deal said this compared with $2.90 a gigajoule for BG's initial bid for Origin and $2.40 paid by BG for its stake in Queensland Gas."

Plus BG's larger offer for Origin!

Exciting times!

[diamond h]

:)Hi Bowmuda,
Started my share investing late last year unfortunately and have been hit pretty hard with some of my buys. Followed advise on forums and did some research but still got burnt. Would appreciate your advice as to whether to dump what I hold at big losses (cts. sau. tkg. etc) and start again.You now say that bow is no. 1 but I recall that it was vpe that you were more positive about prior to the conference. Can you also say why you think ODN are inmaterial. They own 18.4% of vpe and are selling at a discount to their vpe value.I hold a small parcel of these.I did hold some BOW but sold to recoup some of my losses.I hold a few tex as well but should have sold when they hit 30+CENTS maybe. I appreciate your posts and the obvious passion you have for what you do. Thanks to other posters too there are a lot of intelligent contributers to this site (and I ain'nt including myself )

[clearasmud]

:)Hi Bowmuda,
Started my share investing late last year unfortunately and have been hit pretty hard with some of my buys. Followed advise on forums and did some research but still got burnt. Would appreciate your advice as to whether to dump what I hold at big losses (cts. sau. tkg. etc) and start again.You now say that bow is no. 1 but I recall that it was vpe that you were more positive about prior to the conference. Can you also say why you think ODN are inmaterial. They own 18.4% of vpe and are selling at a discount to their vpe value.I hold a small parcel of these.I did hold some BOW but sold to recoup some of my losses.I hold a few tex as well but should have sold when they hit 30+CENTS maybe. I appreciate your posts and the obvious passion you have for what you do. Thanks to other posters too there are a lot of intelligent contributers to this site (and I ain'nt including myself )

I feel that you should invest where you feel you have a very good chance of making the biggest returns taking into account the risk you are taking.
Certainly that is what i have done with my portfolio.there is still a couple of dogs left.
(Frankly all I am interested now in is energy and gold in that order.Gold however has so far dissapointed but I feel that will change as the pog passes $1200 next year.)
Its hard but I feel better for it and the results are coming.

ODN looks like a bargain to me although I don't hold and am happy to hold some VPE and VPEO

there is a lot of noise out there but my opinion is most folk will lose money on the sharemarket.so you must think for yourself and do the hard work.

too much diversification imo is for sissies and as Goerge Soros said ;'If you know you are onto a good thing go for the juggular'.
Problem is how do you know.
Pays to watch what those in the know do. That is how I got into Bow.

[diamond h]

:)Thanks Clearasmud . I did spread my investments mainly to lower the risk factor but in hindsight I should have just invested in 2 or 3 stocks. I actually can wait until my other investments turn the corner but feel like the horse will have bolted on bow,vpe etc . I wish I had picked up on this topic earlier.! What is pog please.?
Regards Sissy.

[Serpie]

Price of gold

[tobo]

:)..... Can you also say why you think ODN are inmaterial. They own 18.4% of vpe and are selling at a discount to their vpe value. I hold a small parcel of these......

Diamond,
I have some VPE (and some BOW, among others) and was looking at the idea of getting cheap VPE exposure by buying ODN.
Decided not to for the following reasoning (ie decided to just get a bit more VPE and BOW):
The reason I wanted ODN was only for the VPE CSG exposure, so didn't really want to do the whole 9 yards of investigating everything else they are doing, what the track record of management is etc. A quick read around suggested they may have cash shortage, they may (not will, but could) sell some VPE. Worst case they could sell VPE and then use up the cash spending on something I'm not interested in, so I decided that this risk/possibilty must be one reason that is holding the ODN price back vs VPE price.
So for me, I decided to make a firm decision on what I wanted, and just get that (BOW & VPE).
(I am already a little over-diversified from getting into the market last year - several stocks in each of several sectors: U, Gold, RE, oil/CSG, lithium, + non-resource duds.) [BTW, I am investing, not trading]
ToBo
woops, just realised this is a bit off-topic - sorry