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  1. #16
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    Talking

    Quote Originally Posted by mattyroo View Post
    Anybody got any thoughts on today's announcement regarding "Informal Approach"? Could this turn into a takeover?
    of course it could but who would know.
    We will just have to wait,if no news is forthcoming we may see a juicy buying opportunity

  2. #17
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    Mattyroo...
    as many will know...
    I donot usually like talking about Takeover topic because it is speculation and hype only, (until it actually happens, or there is market info then it means little to me,... things are starting to happen here so I guess we can talk)...
    cleasrasmud is correct, anything is possible and we just dont know...

    Im not so confident of a takeover, or a merger just yet... anything is possible...
    talk at the moment suggests some sort of mutual company agreement/sharing of knowledge/staff/services etc....something like that, it is not exactly clear on what they will be sharing just yet ... and doesnot suggest a merger is imminent...
    If Singapore petroleum (SPC) were to make some hostile move then surely they would have let CUE fall on market days like yesterday which is what we have seen recently and trend with the market, and then attack when SP when it falls below 20cents..(this is what the shrewd would do if he were calling the shots)... and at the same time, without letting the cat out of the bag...

    the fact that SPC has been purchasing CUE shares on market and now has somewhere above 5%, last stood at 5.38% does say something...CUE and SPC do share Oyong which SPC has a 45% stake...this stake in CUE says good things are too come with Oyong... Reports coming through from Santos now suggest that first production will flow 5-8k, instead of the previously thought 8-10k...and first production in september... I will post an article soon...

    ... the fact that SPC has not made formal intentions means that they may be testing CUE for a response only...Cue expect a formal offer and not no chit chat.. this is to prove that SPC are serious and not just yarning storys... SPC's could be spining yarns to keep their investments in CUE afloat in a rough time for markets...
    If Markets do fall further and CUE rides with the flow then CUE will be a prime takeover, because it is so cheap on forward expected earnings (I havenot yet calculated what they will be), they will be massive if oyong oil, maari oil, oyong gas, wortel gas produce... we are looking at an PE ratio so low, that even NWE's forward looking ratio at current share prices of around 2-3 approx will be surpassed....
    And if there were a company to takeover CUE, SPC would be right up there along with santos.... Singapore petroleum SP has risen 600% over the last 4 years...

    I donot believe that a takeover of CUE would be favourable for shareholders.... we have an asset here which is 100% undervalued (forward looking)...with the big up, and low down (ignoring market risk) and I highly doubt that an offer would be at a 100% premium to current sp... I did say early on that If CUE did not rise 100% in the next year and abit then I would be prepared for a hammering... but I did warn of market risk....
    ...
    Singapore and CUE have synergies...SPC doesnot have a massive presence in indonesia but does share Oyong with CUE... and CUE and SPC do share similar assets in the bass basin which are close to each other...
    Singapore petroleum does have pipeline investments transmitting gas from indonesia to singapore, which could come into play for CUE down the line...
    Many of SPC's assets (acerage) are north west of sampang stretching to Cambodia and vietnam... SPC have a big presence in this region which is considered risky, and have done it successfully......
    if market risk was zero... then this stock is a certainty... no doubt about that...
    I will be doing a Company summary of CUE soon.... patience is required with Cue and with the summary...hahaha.....

    oh, Bermuda, Im not here to persuade anybody... Im here to suggest attractive investments only... Capital B.... Cue will have more growth than NZO, unlike what you say...
    do you want to place a bet on it?
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  3. #18
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    Default Article out 8th august....

    September start for Oyong


    By Upstream staff

    Singapore Petroleum Company (SPC) expects first oil to start flowing from the Indonesian Oyong field in September, chief executive Koh Ban Heng said.

    “The barge will now sail for Oyong next week and will take a couple of weeks to reach the field. First oil is now expected in September.' Koh told the Singapore Business Times newspaper.

    SPC had indicated in its second quarter results statement earlier this week that first oil production from Oyong was targeted to be in the second half of the year.

    The Oyong joint venture partners have had problems securing and mobilising the production barge amid the tight rig market.

    Santos, the field's Australian operator, said last month that between 5000 and 8000 barrels of oil per day are expected from the field off East Java.

    It will be SPC's second producing field after Indonesia's Kakap, where the company is currently pumping 2540 bpd of oil equivalent.

    Santos has a 45% interest in Oyong. SPC has a 40% stake and Australia’s Cue Energy holds the remaining 15%.
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  4. #19
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    Default SC bought CUE today

    Bought some CUE today... after selling some NWE on the back of 1st production jitters... I was heavily overweight in NWE and I sold down NWE to fund cue...
    SPC buying CUE shares gives me great confidence that Oyong will turn positive and the cashflow will be valuable to CUE which is expected next month at the latest...
    Last edited by Shrewd Crude; 13-08-2007 at 02:51 PM.
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  5. #20
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    Default

    yeah, i think SPC's buying into CUE is a huge vote of confidence. i'm also buoyed by the fact the sp has maintained good form despite the market downturn. one would expect a good run up to Oyong (oil then gas) and then on to Maari. of course, upside potential through exploration as well. delays are possible, but all looking very good.

  6. #21
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    Default

    Shrewd Crude report
    Cue Energy company profile...


    -Company status: Spec oiler nearing production, on the brink of first major production...
    -Market value of CUE $145M Aus....
    -Todd Energy hold 25% of CUE.... The Todds are one of the richest families in NZ.. if not the...
    -Cue have a large/diverse range of large capped JV partners such as Santos, Oil Search, Coogee Resources (unlisted), OMV, recent Beach Farmin which announced drill in T/38p in 2nd half of 2008 which is postive for a nearer term drill... potential of 33-57 million barrels with Cue taking 10%...
    -singapore petroleum which has recently bought 6.5% of Cue and they are in early stages of negotiating tighter Company relations...
    -These Large oilers are great partners, CUE will feed off these companys through faster tracked development, greater expertise from those companys etc... I rate Cues JV partners, and I have not seen a company like this that has such connections...
    -Performance since I picked it here: I picked CUE at the top of the market at 22cents, and its still around those levels now...
    -cash position, $9.1m on hand as at quarter ended 30 June... expected cashflow expenditure for the quarter starting July is $9.04m....
    Large quarterly expenditure is through developments of Oyong and Maari, and some exploration activity to build the company in the future as large revenues will be poured back into growth....Loan facilities of $23.529m... and zero has been used on the loans...no capital raisings are necessary...

    PRODUCTION...
    quarterly revenue from SE Gobe of $1.9m aus per quarter...
    Production is on a small scale ->still a spec... on the brink of large cash revenues from Oyong oil project...

    DEVELOPMENT...
    Cue is rather similar to the company situation New Zealand oil and Gas was in where they had multiple developing projects that have been sucking up cash, and are on the brink of a re-rating as this will be a new company after 1st oyong production which is expected to start next month...

    OYONG OIL- 1st production set for September. Production barge sailing to field. Singapore petroleum purchasing CUE shares (oyong JV partner) gives me great confidence...5-8k BOPD with 15% CUe stake... mid recoverable reserves are 6million barrels of oil... 900k barrels to CUE....

    OYONG GAS- 97BCF mid range recoverable reserves... 1st production late 2008... 60mfc/d.... 81k approx to CUE per day...
    -> approx 130m revenues to cue in total...

    MAARI- P50, 50million barrels -> 2.5 million barrels to CUE... area upside 10-20m barrels.... expected 35000 BOPD... so 1750 to CUE...
    major revenues to CUE... does have risk in that oil has to be heated up before it can be extracted..large project and major company driver....

    WORTEL GAS TIE IN....90BCF mid case, has been discovered... will be tied into Oyong facilities....

    other discoverys,
    Jeruk, may or maynot be a developing project... 50million barrels recoverable interpretted...

    EXPLORATION....
    CUE has a major diversified portfolio of great acerage with mammoth potential... including AC/RL7 (timor sea), murray deep, Kimu, Barikewa and many other permits....
    one of Cues JV partners is Oil Search, which has a strategic relationship with Exxon....they are looking to extract gas in Indonesia and and ship it back to The US.. where 4 major refineries are in planning stage to be built, This gas would help supply these refineries, and CUE will be in on this aswell with their permits.... reserves in indonesia are massive and CUE will be there to extract them as a minor player along with Exxon, Oil Search, MOS...
    speculation....CUE could have a minor role in Great south basin, in the Future with Todd connections, and OMV as mattyroo has said...
    ....
    company positives and negatives....
    Positives...
    undervalued 100% on a forward looking basis,imminent production, diversified development projects, company at every stage in oil process... (exploration,discovery,development, production)...
    production still on smaller scale now, but will be major driver for the company over the next year and abit as Oyong oil, oyong gas, wortel gas, Maari come online as producers....Singapore petroleum recently taking a stake in the company (6.5%).... left field announcement potential....

    negatives,
    soverign risk, market risk, (some of the regions where CUE are in can be rather instable...).... two directors leaving since may...

    CUE is the company you want to invest in if You want the low down big up, (bar market risk).... alot would have to happen for this one to turn a loss, and that willnot be the case.... 4 seperate developments provide massive reveunes, and no doubt that SP will boom as these developments de-risk themselves further... CUE is one of my favourite stocks and Ive been watching it for 5 years now... I bought in a week or two back, but have sold all my shares now, so Im just watching at this stage... sold because of market risk...
    If markets are stable, then this is the pick for sure... it is up to you to determine your risk profile and what this company holds within the context of your portfolio in the current market....

    so market cap of $145m
    recoverable oil to Cue stands at 3.4million barrels in CUEs hands...
    and gas valued at roughly $250million in revenues, recoverable Gas to CUE...
    145m/3.4m=$42.... CUEs market value on recoverable oil alone has the company valued at $42 per barrel , not including gas, not including exploration, Jeruk...
    I believe that CUE could be one of the next oilers to become an upper tier oiler... much larger potential is present beyond that of current development

    .^sc
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  7. #22
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    I hate MOS, Im not picking it...

    .^sc
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  8. #23
    Senior Member Serpie's Avatar
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    Default Disclosure

    SC,
    Do I take it from your disclosure that you aren't holding anything at the moment?

  9. #24
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    Unhappy Mos

    Held MOS about 5 years ago, got my $ back but just......got me excited back then....train to no where IMO, but like all oilers it only takes one hole full of the black stuff and u know the rest.

  10. #25
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    Thumbs up Cue

    Great write up SC, thanks for your input & time on this report, more of this reporting will keep this forum useful, unlike HC.

  11. #26
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    Serpie thats right, all gone...100% cash...
    ods have been falling away so all is good...
    ....
    serpmister,
    you savage cat.... get some CUE... you owe it to yourself to make some bigger returns...
    later, and for-real....

    .^sc
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  12. #27
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    Default

    kissssik,
    lets not talk about HC... they are all rampers who dont back it up with facts...anyway....
    CUE was the first company I ever saw, and was the first company I ever invested in... I have been following this stock for 5 years and nowadays the info comes straight off the top...
    CUE is looking the best it has in 5 years, and its on the brink of first production, it is still a company with cash out flow.... but, times will change very soon... this will be a cash cow... and this cow will give birth to many other little cows...
    what oilers are you holding kissssik?

    .^sc
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  13. #28
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    SC, holding 30,000 NZO & Zillions of options which were looking great for a while @ $1700 a point., (ave .12) have held most oilers for a time over the last couple of years, and have an interest in this sector...have made some good coin out of NZO over the years but this is one I now intend to hold on to for a little longer an absolute no brainer 50/70 point gain over the next 3-6 months IMO.....will watch CUE and look to put some coin in late September after all the market vol has settled down....until then I'm day trading only, leaving nothing (except the above) on the table...trading ASX 200 oilers stocks with large daily swings using CFD's

  14. #29
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    nice little rise today. similar to you, sc, i cashed up half my holdings. i fluked it very well about a month ago. am surprised you are out of CUE, though. when are you planning to get back in? the buy side looks strong today. and it looks like SPC haven't stopped buying them yet. i'm holding. i really like the look of this one.

  15. #30
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    On the weekend I reviewed the charts for all of my holdings and CUE was the best looking one by a large margin

    Whilst others were falling like autumn leaves CUE was going sideways or upwards
    This, I believe, bodes well for considerable advances by CUE in the next 6 to 18 months
    Great to have Singapore Petroleum sniffing around as well --- they will be well aware of the value in CUE

    My opinion only, time will tell
    Time is the great revealer

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