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I think this is one of the very few oil shares that has the realistic potential to multibag this year given the various catalyst to come. I think various people and funds see the current price at just about the bottom and don't want to miss out on the rise when news comes.
hi Gordon
I still don't think an Australian shareholder would really gain much if any thing by waiting until it moved to uk market. You would have to have a very large holding for it to make a difference after fee's and i doubt if there were that many such shareholders if any.
I would think any shareholder with shares from the Australian market will now be paid for any shares sold in pounds and have to convert to Australian dollars. So if they were going to sell would have done so before the move to avoid extra fee's
HI Sausage
If you read the above RNS plan is complete and pump etc is on order -that was 3 weeks ago so they may even have them by now.' Condensate rich Eocene reservoir' makes me thing condensate over the next few years is going to provide a good income stream as well as gas.
Hi Gordon
Been reading your recent posts with interest. I still think the way forward is a consortium. However if 50% of cambay equates to 2 wells I think that's going to be approx 30 million which is 60 million for the whole of Cambay. However any jv partner would have to fund their half of the full field development cost. Personally i think at the moment Cambay if sold with proper marketing would fetch 100 to 200 million or 1to2p per share and once developed could be worth upwards of a billion it may be of interest to a group like ARA have to wait and see. It should be remembered that the Indian government want to move this along as quickly as possible.
Hi Gordon
From memory the reason for the full field plan is because they want to tackle Cambay in a different way which involves multiple wells. Thus its either a multi national or a consortium in my opinion. I don't think they just want to drill one or two wells. Anyway its wait and see time off to bed now.
Its also worth remembering that the Indian Government are pushing for this to happen quickly. I personally think like the oil and gas pipe lines in India it will be a consortium constructed by the firm Roland has engaged to manage the joint venture given the large sums involved.
Don't lets confuse JV with next drill. Once the condensate is sorted and a jv is announced the large amount of money for a full field development investment by a joint venture partner is going to cause the share price to motor. I think it could be 70 to 100 million at least depending on the number of wells.
Hi Gordon
I always though mid year Its all the paper work basically and this is India after all. Big investment projects such as a full field development cost a lot of money and everything has got to right. Look at ARA and Aminex the big thing is with the right investment SYN share price should be very high
Hi Gordon
YOU may have hit a very valid point if there is a large number of old wells that have never had frac treatment would it not be logical, quicker and much cheaper to frac them. I think we may need the view of an expert such as Roland indeed this may be why he is looking at all those old wells.
Why revisit old wells at this point is it that there is possibly vast amounts of condensate that can easily be sent to market as a by product of the recent frac I wonder. Would it also give key information as well as income ahead of a full field development to refrac a group of these old wells across what is a vast acreage now they have the experience of the recent refrac. Aother point is would they achieve they same income at far less cost by refrac of all these old wells after all there is a large number of them.
I think what is often forgotten is that AEX is the only way of investing in this gas project for small and medium size investors. ARA are basically I believe a private company and as such a strong AEX share price in time to come may well be used as a yard stick for the project value to some degree. This could turn out to be of great benefit to the Zub's.
This in my view is a tidy up operation of the share register prior to merger, takeover, substantial third party investment .Which in some way ties in with the on going JV negotiations and probably designed to save time in the long run.
The seismic's around the drill site must be good or this would not be happening. once the rig arrives I think it will be with us most of the year with various on going catalyst as we go through next year. I think it was 2017 when the share price reached 7p and at some point next year we could see that again. I also remember 10 plus years ago selling some at 12p and aminex is now the only share on lse where investors can buy into this.
HI Gordon
Its the width of the well bore not the production tube which is wider and its aditional to the 17bpd and whether it turns out to be constant flow remains to be seen but RW and team are doing a revised completion string with pumping system thus must be a lot more down there than first thought.