PGS-planet gas -high US gas prices

[JBmurc]

listed march 04 raising aud-15million 20c per share
-current price 13.5 bids 14.5 offers
-current US gas price $8.30per mcf
-will be producing - 1600000 mcf per day at the east Esponda project soon-Wyoming USA -(only one of many US AUS projects

-6mill cash in bank


-top shareholders-
ANZ Nominees Pty Ltd 8,608,610 31/01/2005 5.10
Altinova Nominees 23,250,001 31/01/2005 13.77
Citicorp Nominees Pty Limited 20,194,015 31/01/2005 11.96
Commonwealth Bank Group 16,477,982 22/06/2005 9.76

got my bid in today for some more at these low prices

JBMURC HOLDS-PGS-AZZ-PSA

[ananda77]

JBmurc:

Steady little appreciaters these coalseam gas producers. Usually have good reserves and waiting for gas sales soon to be established.
Have PGS on my radar now for a while but decided to take a larger slice in MPO/MPOOA.

...but PGS should be fine.

Kind Regards

[Moonshine]

Hi JB,

According to your figures, are you suggesting a DAILY income of USD$13,280,000... or... $4,847,000,000 per annum???

All for a company with current market cap of only $17million ozzie???

Please correct me if i am wrong, but it sounds too good to be true??

Cheers,

Moonshine

[JBmurc]

yeah waiting for some one to pick that

-my mistake [xx(] from my calucations more like 480000 mcf per day
at east esponda $1.10 cost $7 profit so that more like [?]

20-25% in 8 wells. say 8 x 300,000 divide by 5 = 480,000 mcf x $7
============3.3m per day [}] still to high whats up here
read there AGM presentation its in there -they state that they will flow at least 300 thousand feet(mcf) per well per day -they hold a 20-25 %interest in the wells -looks far to good to me hugely undervalued
[?][?][?][?][?]they also have 12 oil wells in the area
JBMURC- selling the house to buy more

-up 3% today []

[JBmurc]

up 10% today

[Mick100]

I wouldn't sell the house just yet murc
I think you maybe a bit confused
Mcf means thousand cubic feet - not million cubic feet

EXTRACT FROM THE LATEST QUARTERLY
"The Company's NRI share of production was sold for an average of US$5.88 per Mcf for
total net revenues of US$110,895 and the Company's share of operating costs totalled
US$169,362. Production and unit operating costs were adversely affected, as a one-off,
by the well shut-ins necessitated by the 'exception spacing' drilling of the Wall seam during the June 2005 quarter."

,

[Mick100]

Just wanted to save this post
$11.2m per day - I'v got to get some of these smartly

quote:Originally posted by JBmurc

listed march 04 raising aud-15million 20c per share
-current price 13.5 bids 14.5 offers
-current US gas price $8.30per mcf
-will be producing - 1600000 mcf per day at the east Esponda project soon-Wyoming USA -(only one of many US AUS projects

-6mill cash in bank


-top shareholders-
ANZ Nominees Pty Ltd 8,608,610 31/01/2005 5.10
Altinova Nominees 23,250,001 31/01/2005 13.77
Citicorp Nominees Pty Limited 20,194,015 31/01/2005 11.96
Commonwealth Bank Group 16,477,982 22/06/2005 9.76

got my bid in today for some more at these low prices

JBMURC HOLDS-PGS-AZZ-PSA

[JBmurc]

up another 10% today yes i know they wouldn,t be making that kind of flow just what that one part of there agm stated 300 thousand mcf PER WELL PER DAY 8 wells with a 20-25% - costs of $1.10 at usd $8.30mcf that would be about= $4000 per day US 4000x356=1.4million

this is only one of there projects-

GOLD[xx(]OIL GAS NICKEL COPPER

p.s- will be still selling the house -buy build sell =profit

[shasta]

Anyone still watching PGS, with there focus now on CSG/CBM (+ Geothermal) ?

NHC has an 19.99% interest, & market cap @ $0.08 = $~40m

Not cheap, but NHC with $1.9B in the bank saw enough in its permits to warrant taking a stake, as it broadens its energy portfolio

Thats enough for me to maintain an interest in PGS

[bermuda]

Anyone still watching PGS, with there focus now on CSG/CBM (+ Geothermal) ?

NHC has an 19.99% interest, & market cap @ $0.08 = $~40m

Not cheap, but NHC with $1.9B in the bank saw enough in its permits to warrant taking a stake, as it broadens its energy portfolio

Thats enough for me to maintain an interest in PGS

Hi Shasta, Happy New Year.
Crooky put me onto this one yesterday. It has been totally ignored. And....I have since heard that apparently the word on the street is that SXY may be looking at PGS. It is loose talk but nevertheless gets your adrenalin going. Have a look at it. Would really value your opinion.

I think PGS is going to fly. To think that the last post was yours back in November 2010. This has been totally ignored.

As always, obviously, DYOR
Cheers