Some good points thanks and I think that you are right a long project ahead so the question is will the sp move much more? I suppose there is a potential sp driver in a takeover/JV but probably no rush to buy unless I buy a few and stick them in the bottom draw with VAL ! lol.
I had a look at the Arckaringa Basin together with the Canterbury Plains (NZ) plus the offshore part of the basin a while back. There's little question the potential is great. The difficulty, even developing the infrastructure, will carry a heavy time lag. One only has to check AMER's handicaps - they are having to choke back their Platanillo wells. In the long run carelessness through exhausting well pressure is best avoided in order to preserve the life of the field.
Australia - Conclusion = a 5-year programme ahead.
NZ - Conclusion = with Anadarko pushing ahead together with Origin, L&M Energy, together with a couple of others, whose names I forget, I feel Canterbury/Christchurch may happen sooner than later. The first/next drill in the area is planned for October. However, the locals are cutting up rough and I can't see Anadarko being able to frack. There are far too many continuing earth tremors on South Island. The tectonic plates seem very unstable, e.g. would California ever allow operators to frack in their state ?
Interesting, eh? I have been in AMER a long time and a near-£1m trade is one of the - if not - the biggest I have seen. Best to have a look at RNS' on - http://www.investegate.co.uk/Index.aspx?sector=AIM&date=20130626 at 07:00 tomorrow. I am treating it as a "buy". I suggest no price movement might indicate a cross-trade to be logged during tomorrow, perhaps disguised and broken down, but adding up to the total number you have seen.
So you are here too my friend - seem to recollect that when we last met you were running a quite tight PF, mainly mags and CAML if I remember correctly. Now you seem to be spreading yourself more than a little. Do you remember some punter coming to us and tipping AMER and I was already in for a few quid?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.