Member Info for schlemiel

It's now 2 v 1 (200k v 100k) - they're asking 3.195 for 50k - not much stock around now

Yesterday's volume of 72m was the highest intra-day volume in years

The 400k (10.7p) is a DMA bid order. He's bidding for 400k at 10.7 (the intention is to buy 400k at 10.7p, if he can. He's not a seller, he's a buyer so no, this is not holding the price back, quite the opposite. Of course DMA orders can be removed and placed upon the order book, it seems, at will. At times I believe they take the p--ss as it sends out false signals...

It's when there's heavy orders on the offer that can hold the price back

I believe they have raised no more nor no less than is required to execute their auto-DMS commitments. Those insiders who have taken part in the placing will no doubt have an idea about what's around the corner. Moreover, this is the last chance saloon for SEE in terms of placings. I cannot see the market tolerating more dilution. I believe this time they will make things work. I believe the current price or around the 3p-3.2p is a sound base from which to progress and once the overhang's been cleared we may see 4-5 in 6 months with good news

I'm struggling to find the downside from here. They now have the cash, zero debt and so much to aim for in the DMS-auto space...I do hope they can execute

Upstream industry welcomes NT budget

Gas to play a key role in the future economic growth of Australia's Northern Territory

Gas has been highlighted as playing a key role in the long term growth of the economy following the unveiling of the Territory's government's latest budget delivered by Nicole Manison....edited (subscription)...

https://www.upstreamonline.com/live/1775488/upstream-industry-welcomes-nt-budget

https://www.downergroup.com/oil-and-gas

'We are currently providing services to the majority of LNG and hydrocarbon projects under construction across Australia including: the ExxonMobil project in Victoria; upstream LNG field services in Queensland for Santos and Origin Energy; and the Chevron-operated Wheatstone and Gorgon projects in Western Australia. '

Interesting to see an employee from Downer (infrastructure construction company) at next week's resources in Katherine

https://www.informa.com.au/event/conference/katherine-regional-resources-conference/?utm_source=E-Launch&utm_medium=email&utm_campaign=P19R13

Don't forget this on the 17th May. Some big hitters speaking

not long now, hopefully

at 3.05p last week. 450k shares

http://newsroom.nt.gov.au/mediaRelease/28994

Local Jobs Fund Boosts Business Capability

3 May 2019

The message that the Territory is open for business will be further cemented with applications for the multi-million dollar Local Jobs Fund opening today.

The Territory Labor Government’s $89 million co-investment fund is aimed at creating more local jobs and accelerating major and significant projects in the Territory.

Territory businesses will be able to get projects investment ready, undertake detailed feasibility studies, leverage private sector finance and investment and reach financial close.

The fund will target transformative economic projects to help potential high-growth Territory businesses to increase export of goods and services interstate and internationally.

Businesses and projects in the Territory’s 10 growth and developing sectors*, a related supply or service sector or other sector in which the Territory has a comparative advantage will be eligible to apply.

Businesses will also have to demonstrate that Government financial assistance:

is necessary for the project to proceed

will be at least matched by new private sector funding

will result in new or increased goods and services exported interstate or overseas

continued...

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How odd to see a Labour politician embrace the private sector, private investment and private energy in such a manner. It's almost an admission that the construction of a socialist client state always delivers bankruptcy across all areas of human life.

It seems Gunner's not a socialist ****** but a very pragmatic politician

2 v 2 -- book's tightening...come on price...let's see some movement

1 v 3 from 1 v 5. Offer thinning out...

50k DMA sell order at 16.40p..nice to see professional trading activity back again

First one in a long time on the book. 10 MM's now on the order book. They must be expecting activity

re: EMP submission - I sent a speculative email to a few journalists at afr.com..let's see what transpires in terms of press coverage

https://denr.nt.gov.au/environment-information/onshore-gas-in-the-northern-territory/environment-management-plan/review-emp/origin-kyalla-drilling-and-hydraulic-fracturing-2019-ep117-n2

Origin Kyalla drilling and hydraulic fracturing 2019 (EP117 N2)
Overview


Origin Energy Limited (Origin) has submitted an Environment Management Plan (EMP) for assessment under the Petroleum (Environment) Regulations 2016.

Kyalla Drilling and Hydraulic Fracturing (stimulation) Program EP117 N2 (4.5 mb)
Kyalla Drilling and Hydraulic Fracturing (stimulation) Program EP117 N2 - Appendices
Appendices A to C (9.7 mb)
Appendices D to F (4.0 mb)
Appendices G to K (4.0 mb)
Appendices L to O (3.8 mb)

The EMP proposes the construction of an exploration petroleum well, hydraulic fracturing and well testing at Exploration Permit 117 N2, approximately 300km south-east of Katherine in the Beetaloo sub-basin.

This EMP covers the activities required to enable Origin to drill, hydraulic fracture, test, maintain and decommission a horizontal petroleum exploration well within the 2019-2024 period:

drilling of an exploration well
hydraulic fracture of an exploration well
completion and work over maintenance of an exploration well
well testing of an exploration well
well suspension and decommissioning of an exploration well
construction and operation of a temporary camp
installation of up to two water extraction bores
routine maintenance and monitoring activities
minor works ancillary of the above.

For alternative access to the EMP contact the Department of Environment and Natural Resources on (08) 8924 4218.

All comments received will be published.


Closes COB 30 May 2019
Opened 3 May 2019

Contact
08 8924 4218

Give us your views

To submit your comment on this EMP either by completing this form or mail your comments to:

Onshore Petroleum Assessment
PO Box 3675
Darwin NT 0801

Last updated: 03 May 2019

end

Further drilling will likely be required to prove that Beetaloo is commercially viable, but Schubert predicts the deposits of liquids-rich gas will be some of the most competitive in Australia, with plenty extra for export.

“This is a very significant resource for Australia,” he said. “People do have the right to be excited.”

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Thanks Nam. A superb article but why did they have to spoil it by referencing socialist goons?

Yes, if anyone wants to see what happens when a company decides to dilute to take a natural resource to production then one only has to look at the impact on this week's news for SXX. From 25p to 16p in less than 3 weeks.

Mather needs to do one simple thing. Prove up and sell. Any hint of dilution to achieve production and you wave goodbye to your profits to date

Origin Only capex

•Beetaloo Stage 2 appraisal -two horizontal wells planned in CY2019 dry season targeting 2 of the 4 stacked unconventional plays:

•Kyallashale liquids rich gas play;
and•Velkerrishale liquids rich gas

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https://www.originenergy.com.au/content/dam/origin/about/investors-media/documents/190430_quarterly_report_mar19final.pdf

nm