Member Info for danawinner

Pippa, if you are after growth in oilies you need to look at TXP and JKX.

Okay, so gas prices and gas futures have been rather suppressed over recent months.
Today, they took a quantum leap of over 10%.
Why, you may ask?
Counter-intuitively, it's because of the prospect of hot weather.
Yep, the Americans are going to be cranking their'Air-con' up, which will massively increase the demand for electricity and percentage-wise, natural gas is increasing. Yes, some of the base load is provided by wind and solar, but the peaks have to be supplemented by the gas turbines.
It all helps us to boost our negotiations with NGC, but it also augurs well for the future.
Maybe the market will catch on soon?
https://oilprice.com/Energy/Natural-Gas/Why-Natural-Gas-Prices-Just-Exploded.html

Once this has been absorbed, I think Rock will go mental today.
GLA

I wasn't expecting very much last week, and I wasn't disappointed.
What seems to be evident is that North Energy does not appear have to have sold, but a couple of our fellow posters took their chance to take some off the table, which may, or may not prove to be the right thing, the Chinook result will determine this, and I for one, am pretty sure that in the light of Shell's previous discovery, the result will turn out to be a very positive one.
What last week also tells me is that North appears to have raised its sell price threshold, probably to 80 pence. although It is also possible that they have raised sufficient funds to cover the costs of their internal merger and are no longer selling.
Either way, upon the assumption that the Chinook drill is under way, our SP should move into the 75 to 80 pence range this week, and we may get a few more investors from the IC share tip, we shall see.
The potential for the share price upon hitting gas is around the pound mark, and then in three months upon independent verification of the reserves, probably unbounded once again, I can see a further 25 to 50 pence onto the price.
I think that the NGC agreement will take a fair while to finalise, although it would be good to nail this one down so that the infrastructure can get moving. I am sure that we are already designing the pipes to take a big find from Chinook and that alternative funding plans are also being made.
Overall, I think it will be a good week, but not as good as Rockfire which is about to go mental, imho.
GLA

Tonsofgold yes it looks great on paper doesn't it?
Then you look at the Egypt Economy page of wiki and realise that Hosni Mubarak was running it until he died and now there is a political void, the biggest refugee camp in the world. 8 million unemployed youth, and little or no chance of getting oil, gas or cash out of the country.
The other thing is that it is not safe for Europeans to visit.
Egypt not very popular for selling oil and gas to Israel.
All in all I will pass, thank you.
The rest of the market agrees, less than £100k of shares traded this year.
Apart from that it looks like a great investment until the army takes over all the assets.

He said that they need lots of oil and gas because population set to grow by two hundred million.
Sounds to me like they need lots of condoms and additions to the water supply.

It would appear that I am the first ever buyer of North Energy ASA on the London Stock Exchange.
Only a small trade to get it onto my purchase list, but you have to start somewhere.
https://www.londonstockexchange.com/market-stock/0MD9/north-energy-asa/overview

David, Thanks for the introduction to Stockhouse.
I have joined as DanaWinnerTXP and will bore them with updates as well, it makes sense to keep investors on the other side of the pond up to date as well.
I have decided that it is time to go over to Trinidad to see it for myself, probably at the end of August/beginning of September in the hope of getting a photo of a gas flare.
I noticed that Anna Kendrick has a spare ticket for the long way round, so have offered to pay for the upgrade to Business Class if she wants to go with me. I only poted the invitation on Youtube a few minutes ago so she hasn't come back to me yet. I will let you know what she says.
https://www.youtube.com/watch?v=cmSbXsFE3l8

David, Thanks for introducing me to the Canadian Stockhouse board.
Like you, I shall try to keep them updated on what we find over here, let's boost the SP over there too.
I am DanaWinnerTXP.
About time that we had the spud announcement.
I find it hard to understand that starting a drill that could double the value of the company is not significant, if I were the Nomad I would insist upon it as it can undoubtedly affect the share price.
Maybe that's why I am not a Nomad then?

For those that are at a loose end, here is a centenary edition of Shell's activities in Trinidad.
https://www.shell.com/about-us/contact-us/contact-trinidad/_jcr_content/par/textimage.stream/1519761820323/38af385b8756d8956b346c5555ab3c0dfd3f362d/shell-trinidad-100-years.pdf

John, it is second hand info that I got from a retired Shell employee that was there in the 70's. He was not there in the 50's but remembered stories from the old-timers and therefore it should be regarded as tenuous if not apocryphal and should not be taken as anything other than peripheral information. I have no wish to mislead anyone, just reporting what I have heard.
I hope that the Chinook drill will give us some very factual information that we will be able to rely on, within the next month or so.
I hope that Shell plugged it properly!

It looks like my initial teeny trade in North Energy is the first ever on the London Stock Exchange.
I had to ask EQi to add it to their list of stocks that you can trade.
You can now.
https://www.londonstockexchange.com/market-stock/0MD9/north-energy-asa/overview

the recent valuation of 84 pence was for the Cscadura well alone, and that we are anticipating the same again from Chinook where we believe that drilling is already under way.
Chinook was drilled in 1954 by Shell and had to be plugged and abandoned as a result of the huge gas pressures.
Nobody wanted gas then as there was no market for it and it was considered a failure as there was no oil.
On that basis, success at Chinook should double the share price and don't forget that we have another 11 likely prospects to be drilled.
The gas found at Coho1 will come on stream later this year and bolster our income significantly.
Welcome one and all.

Tobin, Thanks for flagging this up and welcome to any prospective investors that have been guided to TXP by the Investors' Chronicle.
The good thing about gas prices being low at the moment is that even at these price levels we will still be massively profitable and those profits can only increase with the gas price and the new finds that are anticipated/hoped for.

Afraid not SimonT et al.
If I was the real Dana, I would be doing all kinds of everything instead of dealing shares.
Ah well, sorry to let you down chaps, but when we go to Trinidad we'll have to take musical instruments if they are portable.
I'll take an Alto sax - can play a lot of the Springsteen stuff - which is why I bought my first one back in the late 70's, I was one of the Springsteen early adopters and Clarence made me buy one.
Trinidad won't know what's happened when we get there. I'd better learn a bit of Billy Ocean.

He had ten million shares,
He watched the price to the top of the hill
and he sold it down again.

A flat day, but another chunk into sticky hands.

Buffy, I hope that you are right, but experience tells me otherwise.
Dana was a hostile takeover by KNOC and was done at 2 x annual earnings, as the offer was a big premium and the Institutions bit their hand off.
Recently, Rockrose has been done for less than the cash in the bank, 22,500 bopd and an imminent announcement, after the takeover (I am guessing) that they have done a big North Sea acquisition from Exxon, so it doesn't always pan out the way that it should.
Nevertheless, I am very optimistic that we will all do very well over the next 18 months, and whilst TXP may not be in the same category as some of the recent Pharma deals, for me it is the right balance of certainty, risk and reward.
I think that gas is seriously underpriced at the moment, and we will be back at normal levels by the end of next year, especially if we get a couple of spells of very hot or very cold weather.
I am a bit miffed that TXP appears not to have announced the spud, as they consider it to be immaterial, but I am not sure that the market would agree with this sentiment, we shall see in due course. I think that a different Nomad would insist on it, but we don't know the full story as yet, time will tell.
Good to see that the offer price appears to be strong, and buying activity is there.
I think that things will look very different in a month or so when we hit the magic £1 mark.

Gamflin, I think that you are right, the SP is indeed set by hundreds of individual holders, but North Energy does seem to have a bigger influence than the rest of us put together, due to the size of its holding and we will see what their position was at the end of August, when they reveal their end of June figures.
In the interim, it is hard to know what will happen other than a range of 70 to 75 pence. It looks to me like North has once again increased its sell target to a minimum of 70 pence, as a floor for us.
I would be grateful if the experts can give us an idea of when we are likely to hit gas in the programme, my guess is 20 to 25 days in, but an authoritative opinion would be appreciated.
One consideration that has not been discussed hitherto is the potential impact of an Institution/oil co raising its head above the 3% parapet, which I believe would set us on fire. I can imagine that a number of people/organisations have been in discussions with an Oslo based company on this one.
Such an RNS would I believe give us a 10 to 15% gain in a day, and it is only a matter of time. My money is BP/Shell/Exxon.
Time will tell, as with all things, it is a matter of opinion and interpretation of the information that we all have before us.
As I have said previously, my anticipated takeover price range is £3 to £3.50, which may be low, but realistic imho.

Deutsche Bank has pulled out of Alaska and oil sands.
Other Banks will do the same.
All good for the oil price.
https://oilprice.com/Latest-Energy-News/World-News/Deutsche-Bank-Immediately-Ends-Funding-For-Oil-Sands-And-Arctic-Oil-Projects.html#:~:text=Deutsche%20Bank%20Immediately%20Ends%20Funding%20For%20Oil%20Sands%20And%20Arctic%20Oil%20Projects,-By%20Tsvetana%20Paraskova&text=Deutsche%20Bank%20will%20no%20longer,in%20a%20statement%20on%20Monday.

Mickey2 this has been covered by other posters far more knowledgeable than I.
The seismics would certainly imply this.
We didn't get down to it on the first drill because the gas pressures were too high.
They have beefed up the rig now and will be able to drill past the gas without it blowing out, next time.
The massive gas reserves may also have masked' the oil beneath.
We will find out in about two months' time, when we are bathing in the joys of the Chinook discovery which Shell found in 1954 and didn't bother with it because nobody wanted gas.
They do now.