Arrow Energy (aoe)

[ananda77]

One of the most focused, determined, and knowledgable CSG-Producers with fields in the USA and Australia...a definite medium- to long-term BUY around current prices

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Kind Regards

[pedro.nz]

Whats up - anyone know - In trading halt till 13th or earlier announcement

[ananda77]

pedro.nz:

Most likely a capital raising exercise via a share placement to institutional shareholders to help finance the 10 projects currently in the pipeline.

Kind Regards

[Taijon]

A77 the announcements today look encouraging. Shareholders can purchase more shares at 58 cents and free options being issued exercisable at 75 cents prior to the end of the year.

Will any shareholder be able to get $5000 worth of new shares regardless of how many shares they hold on the date for which entitlements are calculated? Might pay to buy or transfer a 100 shares for my daughter!!!!!!

[kura]

Yep, any shareholder can purchase $5000 (I just purchased 2000 shares today)

[pedro.nz]

Although other CSG producers are in the limelight at the moment, this company seems to be on the ball.
Reached a high of 115 today before close at 111.5.

Wondering why not much comment on this forum, not many following this one?

Company is not just looking in its own backyard now as recent announcments re India show.

Latest announcment...
Arrow Energy has reached an agreement with Sugico Graha, PT (Sugico), which provides
Arrow with an option to farm-in to twelve of Sugico’s tenements in South Sumatra, Indonesia to
earn up to a 65% interest in each.
Sugico’s projects consist of twelve coal KPs (Kuasa Pertambangan = Mining Authorisation) in
the South Sumatra Basin covering approximately 140,000 hectares. Sugico’s KPs are close to
existing gas pipeline infrastructure and growing energy markets. The Government of Indonesia
is currently preparing regulations to govern the exploration and development of Coal Bed
Methane (CBM) in Indonesia with the regulations expected to be released in the 1st quarter of
2007. These regulations are expected to give first right of refusal for CBM tenements to the
existing and overlapping tenement holders for Coal and Petroleum.
The Farm-in Agreement Option with Sugico provides Arrow with the opportunity to farm-in to
earn 65% interest in all of the twelve KPs.
Sugico is a privately held Indonesian company with diversified interests in Mining (Coal, Mineral
Sands, Gold, Lime Stones and Iron Ores), Oil & Gas exploration and production, Equipment
Supply and Plant Maintenance Services, Coal Mine Mouth Power Generation and Crude Palm
Oil.
The government of Indonesia is moving quickly to settle the regulations and terms for CBM
production, as the demand for clean energy in Indonesia is enormous. A study in a Society of
Petroleum Engineers’ paper (Scott H Stevens, Hadiyanto: - Indonesia Coalbed Methane
Indicators and Basin Evaluation - Paper SPE 88630) has estimated that the potential Coal
Seam Gas resource in South Sumatra alone is 183 TCF.
Pipeline infrastructure connecting South Sumatra and the heavily populated island of Java is
currently under construction.
This farm-in option represents a strategic first mover advantage for Arrow in Indonesia and
follows Arrow’s recent strategy document outlining a plan to follow up the successful award of
exploration blocks in India with a selection procedure for prospective blocks and local partners
in Indonesia and China

[bermuda]

One of the best companies in this market.Excellent professional Management.Bought in at 60 cents but sold out only to see further improvement .Might buy back in.Davies is a savvy guy.

[ananda77]

...because Australia switching base load electricity generation from coal to gas, gas explorers/producers are in vogue

...coal seam gas provides a relative low-risk exposure to the process compared to the more risky conventional oil/gas exploration

...AOE (superb investment over the past) definitely in the process of achieving it's business targets.
However, in terms of leverage, there are other attractive industry participants also like SGL, MPO, or MOS (three favorites at present with a minimum view of six to 12 months)

Kind Regards

[gisborne_gold]

I see Barramundi (BRM.NZX) have announced Arrow Energy as one of their first investments, and are trumpeting a 28% gain since making their investment.

[laurie]

So is NHC who owns 18.8% of AOE who will IMHO take over AOE [^]

cheers laurie