Member Info for schlemiel

excerpt -

'According to the Katherine Times, two big energy companies, Santos and Origin Energy, are both spending up in their rush to "prove" the gas resource deep below the Beetaloo, trucking in drill gear from all parts of Australia as the companies rush to beat the wet season.

Junior player Empire Energy has also joined the race and is keen to finish its seismic surveys of the Beetaloo before starting its drilling program after the wet.

This is all quite an economic boost for the Territory but if they do "prove" the resource, it gets interesting for Mount Isa and Queensland too.

Last year Jemena opened the Northern Gas Pipeline from Tennant Creek to Mount Isa which links NT's Amadeus Gas Pipeline to Queensland's Carpentaria Gas Pipeline.

Now Jemena are working on another pipeline from the Galilee Basin near Longreach to the Wallumbilla gas hub near Roma.

And if the Beetaloo delivers, it will "close the loop" and building the link between Longreach and Mount Isa.'

https://www.northweststar.com.au/story/6419688/beetaloo-basin-holds-promise-for-the-territory-and-for-the-isa/?cs=191

'What's doing?

Yesterday a company I follow Empire Energy (ASX:EEG) announced that it had completed the sale of its Kansas assets for US$19.25 million.

The sales proceeds will be primarily used to reduce debt and also to increase cash available for Empire’s Northern Territory growth plans.

Over the last 12 months or so Empire has shifted its focus from the US to its large scale Beetaloo Basin and McArthur Basin assets in the Northern Territory next door to the recent discoveries made by both Santos and Origin.

Over this period Empire has been able to reduce net debt by nearly 90% and cash balance is significantly higher, which is a credit to Alex and his team.

The company also has appointed a completely new Board of Directors and I think they are well placed to guide it through the next substantial phase of growth.

Empire also announced yesterday that it received Ministerial approval for its upcoming seismic program in the Northern Territory which is expected to kick off in the next few weeks.

The seismic program aims to demonstrate that the shales in Origin and Santos’ Beetaloo properties extend into Empire’s properties.

It looks like exciting times for Empire shareholders.

Empire’s P50 prospective resource in the NT is over 13,000 Pj which is about 3 LNG trains so if it's there it could be massive for a company with a sub $50 million market cap.

With Empire’s neighbours set to spend big bucks drilling fracture stimulated horizontal appraisal wells in the neighbouring blocks this year and next year, the stage is set for plenty of news flow both from EEG but also from Santos and Origin.

Empire Energy CEO the great Alex Underwood will be speaking at the Sydney Mining Club lunch on Thursday so for any of you that are interested in oil and gas get down there to hear the Empire story.

I will be there and I may or may not be the bloke ringing the bell to tell him when his time is up.'

https://finfeed.com/opinion/market-wrap/rats-rant-whats-hot-whats-not-and-bali-anniversary/

https://www.katherinetimes.com.au/story/6418340/big-spending-and-hundreds-of-jobs-in-the-rush-for-the-nts-gas/

L2 is 1 v 1 so there's no urgency from the MMs to offload...well balanced at present

I think it's our Glasgow based investor, Mr IIT. Assuming it is them, they're almost acting like a distressed seller

I love that note!!...i'm getting excited again!

thanks for the updates fellas!

Yes, SEE just bordering on the edge of saying ' We have the Toyota contract in the bag'?

1 v 2

BEGO and CNKS on the offer with CSTE on the bid

If Paul said there was revenues attached to this aviation deal then today's news cannot be the news we are waiting for. Today's news is a non-regulatory RNS - it is in financial terms immaterial so on that basis we must surely expect another RNS detailing another aviation deal with a revenue deal?

As an aside. I see aviation use as a statement of trust and faith in SEE technology that if Airlines are prepared to trust its worthiness then that's a huge bonus for SEE and its products. It enhances our reputation 'no end'

I don't understand this obsession with aviation. It's a sideshow for SEE. The real money to be made is in automotive and a now reconstructed Fleet operation. Aviation will be what it is and if it develops then fine. To gain traction it needs Fovio installed in planes (of which there are thousands) rather than simulators (of which there, well, not that many)

I think there's a large buying presence in the market cos someone's absorbing all these sales at 4.85p

I suspect the even large block sales at 4.85 is IIT though that's just an educated guess though in my case an 'uneducated' 'stab in the dark'

1 v 1

1 v 3

5p to buy!

be careful though if you're thinking of buying though..this news looks good but hardly barnstorming in revenue terms

bb

Oh, I see. Cheers for that fella

4.85-4.90 pre-auction

So Kate Hill bought shares yesterday and this company news is released today. Who would like to explain the rules on Directors buying shares at any time irrespective of news-flow?

Berenberg (BERG) jumped to 4.7 at around around 25 mins ago. BERG were pretty active yesterday as well.

4.80p bid -pre-auction

AGM and a Special Shareholders Meeting (SSM). What's with the SSM? Big announcement?

https://uk.advfn.com/stock-market/london/falcon-oil-gas-FOG/share-news/Falcon-Oil-Gas-Ltd-Falcon-Oil-Gas-Ltd-Noti/80844591

11 Dec

Alaska Airlines - $8.30bn in revenues for 2018 so it's not a tiny operator