CUE-> Pantheon of small oil stocks

[jdg]

looks like it getting some real traction of late. pleasing to see. as Maari gets closer, i'd think this action will only continue.
-j

[jdg]

it's just slowly but surely climbing. 2008/9 will be CUE's years.
i'm hoping this rise has little to do with cobra. nice if it comes in but it is high risk. i'd like to think this rise is just in anticipation of the significant revenue increases in the coming 18 months or so - as the continuing shift from explorer to producer is complete and more revenue streams come on-line.
it's a good story this one.

-j

[jdg]

and it keeps going today... i presume it will need a breather at some point, but it's looking strong.
you back in, shrewd? you always like this one. hope you're not missing the bus.

-j

[Selena]

The market has reacted to push oil explorer Cue to A30cents. Is this a short term gain based on the current drilling or do the other activities and interests underpin this stock? So how correct is the concept of 100% play over 1 year. There is so much reading material in the recent quarterly report the challenge is getting it right. Not only are Todds key holders, but also the wily Geoff Albers who has been joined by smart former senior partner specialising in oil at Bell Gully James Willis. This is on my watch list

[jdg]

yeah, just how much is speculation on cobra is difficult to assess. there's potentially a few speculators climbing on board. although i suspect people who are aware of the income coming on stream within the next 18 months or so (starting later this year with maari) are perhaps wanting to get in now just in case cobra does come in. but it's the upcoming revenue that is the prize for me. see page 7 & 8 of this presentation.

http://cuenrg.onlinepublicity.net/fi...id=451&cid=105

without hiccups, CUE is in for a serious rerating in the near(ish) future, regardless of what happens with cobra (which is a high risk prospect). SPC's big buy-up was a huge confidence booster, and indicates that the oyong area has a great deal of potential. i see this as a great story - and it's about to unfold.

-j

[Crypto Crude]

Cobra spudded in Jan...
its at 1700m, final depth of 3100m...
This will be the longest well of all time to complete.....
at this rate it will take more than half a year to drill 3000m...
Selena,
The notion of CUE 100% play for one year has changed slightly with the hold up of Maari first production as NZO and its JV partners have been mucking around with the Rig......
Sliding schedules is part of the oil industry...
... In my early posts I said one year and abit..
...
CUE has some bloody good JV partners, and largest list of impeckable JV partners that I know of...
CUE has big gas and oil reserves...
CUE is going to be a fully diversifed producing, and exploring, and developing company...
CUE has negotiated great JV deals over the last year, including drilling of Zeus, (northwest shelf, MEO deal, almost free carried for CUE, 4th quarter drill)...bass basin, Beach petroleum deal, free carried well, 2nd half of this year...
This is one of my favourite stocks...
I like this company more than OEL...

.^sc

[jdg]

yet you're not in, shrewd? if cobra is a dry hole (which is of course the most likely outcome) then we should see a retrace opportunity to jump on board, but if it strikes it will obviously fly. as i've said (and as you know) the upside from the known resources alone is very significant and should see a substantial rerating - any oil strikes in the short term would just be a bonus. i'm happy to sit on CUE for at least a year. in that time i expect to make plenty (more).
good luck with your timing, mate.

-j

[jdg]

380m weekly progress toward target at cobra. if that rate continues we'll have results of a find in less than three weeks. not too bothered by it, but if there's a strike any where near the p50 estimates of 30-40m barrels... i think i'd be forced to have a drink or two.

-j

[jdg]

after a couple of good weeks drilling, we are back to near stagnation (45m). this hole in the ground has proven rather troublesome. good things come to those who wait...?

-j

[macduffy]

after a couple of good weeks drilling, we are back to near stagnation (45m). this hole in the ground has proven rather troublesome. good things come to those who wait...?

-j

And meanwhile, first production from Maari gets closer each day. The FPSO sailed from Wellington a couple of weeks ago.
Any news from our Taranaki posters?