which could be of interest to FTO followers and others , sorry it's ling but well worth the read if you are into far east oil. nido went up near on 40% on friday
posts begin *************
Posted 18/01/04 11:44 - 50 reads Posted by sandybeachs Post #218089 - start of thread - splitview
hi... what a increase in price and volume.. as we have seen recenetly with lko, pcl, hrd etc.. it might be ndo's turn in the sun... it would be good for shareholders if (ndo) have found another interested party... worth reading posting by tradeforprofit..
see below..
Subject re: not just daytraders... Posted 17/01/04 8:49:17 AM - 69 reads Posted by trade4profit Post #217897 - in reply to msg. #217875 - splitview
I can see something of a land grab taking place over the next decade, generally driven by the worlds ever increasing need for energy...but mostly driven by the US and China.
With world oil reserves nearing their peak, it will be in the long term interests of both countries to lock in supply. This will have the knock-on effect of forcing some of the bigger players to start accumulating known hydrocarbon plays, especially many of those previously dismissed as only marginally economic.
We can already see signs of the "land grab" in the LPG market, in the form of huge contracts, locking in supply...and price...for decades to come. We already know about the $30b "China" deal...well, it now appears that a $50b "US" deal is currently being negotiated. Add to this, the thousands of smaller supply contracts throughout the world and it soon becomes clear that much of what has been found has already been snapped up.
We need to find more...and more...and more...
It might be hard to believe, but in just 20 years, we will be faced with a major world energy crises, which will see companies drilling (and developing) just about anything they can get their hands on, in a desperate bid to quench the worlds thirst for energy.
Between now and then, from an investors point of view, there is a window of opportunity to prepare a well researched, carefully chosen group of potential winners.
There are a plenty of good quality, well managed, junior oilers, potentially sitting on massive reserves of oil and gas...only problem is, they don't have the money to find it, let alone get it out of the ground. So they sit...and wait...fiddling around the edges with seismic and the odd well or two...ever hopeful that eventually, hopefully, they come up with results good enough to encourage a big farm in partner, who can then carry them through to future riches.
Unfortunately, many of these would-be oilers will be long gone before their permits ever produce a single barrel of oil...or mmcf of gas.
But for some...it's just a matter of time.
Cheers!
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: could this be a turning point..??? Posted 18/01/04 11:48 - 57 reads Posted by sandybeachs Post #218092 - in reply to msg. #218089 - splitview
and this posting as well...
Subject re: not just daytraders... Posted 17/01/04 12:42:35 PM - 54 reads Posted by trade4profit Post #217921 - in reply to msg. #217897 - splitview
Not sure this would be completely responsible for NDO's move on Friday, but still an interesting read...
---
The Philippine Star 01/15/2004
The Department of Energy (DOE) and Premier Oil Philippines B.V. signed yesterday the first petroleum service contract (SC) in six years, sparking renewed enthusiasm in the upstream oil and gas exploration industry in the country.
The SC in Ragay Gulf and parts of Bondoc Peninsula was signed by Energy Secretary Vincent S. Perez and Premier Oil director Peter Cockroft.
Perez said the SC is located in a 1.1-million hectare area within the Southeast Luzon basin, one of the frontier sedimentary basins in the country.
"The signing of a new service contract over Ragay Gulf represents the beginning of a new phase of petroleum exploration in the Philippines. Several studies had been made confirming the considerable petroleum reserves in the country. We are positive that the Ragay Gulf is a promising site that may one day deliver oil and boost our energy self-sufficiency," Perez said.
The new SC, he said, will have a seven year-term under the exploration phase, extendible for another three years to test the commercial viability of the field in the event of an oil discovery. Four exploration wells are expected to be drilled in the seven-year exploration stage with the first two years dedicated to conducting geological and geophysical studies.
"The new contract will bring in investments to the country of about $4.6 million to $12.6 million in the exploration stage alone," Perez said.
Once the commercial viability of the oil field is determined, the production phase will follow. Premier Oil’s service contract will be automatically extended for another 25 years, with a final extension of yet another 15-years.
Perez said the renewed interest among investors is most encouraging as the DOE initiates efforts to revive the country’s exploration industry through a more aggressive promotion of potential areas for exploration, fast tracking of the applications of service contracts applications and the creation of an investor-friendly environment within the department.
He said the government remains committed to assist the private sector in the field of exploration. He also expressed hope that another gas or oil field in as large as the Malampaya gas field offshore Palawan will be discovered following these initiatives and programs.
In Aug. 2003, the DOE launched the first Philippine petroleum contracting round or PCR-1, a new bidding scheme that gives excellent contractual and fiscal regime. Some 46 new exploration blocks that are located adjacent to oil discoveries and producing fields will be auctioned under this new bidding scheme which will start this March.
"As long as an oil company shows that it is determined and capable of pursuing serious exploration work program in the Philippines, we will give it full support. We believe that the more players we involve, the more likely that we will discover more Malampayas in the future," Perez said.
The last SC contract signed was in Oct. 1998 with Nido Petroleum of Australia for the exploration of oil over an area in offshore Northwest Palawan. In 2002, two petroleum contracts were signed – geophysical survey and exploration Contracts (GSECs) 101 and 102 with Sterling Energy Ltd. and Japan Petroleum Exploration Co., Ltd. over the Reed Bank area and Tañon Strait, Negros Occidental.
----
Cheers!
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject for trade4profit......... Posted 18/01/04 14:31 - 60 reads Posted by sandybeachs Post #218138 - in reply to msg. #218092 - splitview
hi trade.. thanks for that post on the article... looks interesting.. this area might be the next big thing...shows some potential.. plus nido petroleum being in the area already could have some parties getting involved soon...ie:an easy target... so this is well worth following..
thanks again
regards
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject plus something else... Posted 18/01/04 14:41 - 53 reads Posted by sandybeachs Post #218142 - in reply to msg. #218138 - splitview
sorry i forgot... nido have options that might be worth looking at if the fpo's take off.... ndoo....current price .005 cents expire 3/6/05 ex/price 2 cents.....
current fpo's 1.8 cents, and looks like rising...
so you dont have much of a premium on the options, and you have plenty of time before they expire..
just thought i'd mention them as well...
regards read below
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: for trade4profit......... Posted 18/01/04 15:49 - 51 reads Posted by trade4profit Post #218154 - in reply to msg. #218138 - splitview
sandybeachs...
I have kept an eye on NDO since just before Unocal pulled out of phase 2 of Galoc.
I was ready to pounce, in the event that they decided to go to the next phase...but of course it wasn't to be.
However, what initially appeared to be a bit of a setback for NDO, as I see it, may actually turn out to be a blessing in disguise...just as long as they can get another JV partner.
In effect, Unocal have spent time and money further progressing the Galoc project, with Pre Stack Depth Migration reprocessing of some 225 sq km of 3D seismic and geological and engineering studies, to determine field reserves and commerciality. All that NDO need now is the preparation of a “Plan of Development” and they can actually go ahead and develop the Field.
Oh yeah...and don't forget that, along the way, Unocal was kind enough to determine that Galoc has mean oil in place volumes of about 150 million barrels in the main culmination, with an additional northern lobe containing up to 50 million barrels.
So...by electing not to go to phase 2, Unocal have relinquished the permit back to Nido (and the other syndicate members), which means a new JV can be negotiated from a much stronger possition...especially given the recent announcement from The Philippines Department of Energy (DOE).
And don't forget, Galoc is not simply a target for possible hydrocarbons, but an actual proven find. A production test on Galoc-1, conducted in 1989, flowed 360,000 barrels of oil over an "interupted" period of just 6 months. It now appears that Galoc-1 and Galoc-2 were drilled on the eastern edge of the field and that an additional well drilled further west will lead to the certainty of reserves needed to develop the field.
If you like PCL, then you'll have to love NDO.
Cheers!
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: for trade4profit......... Posted 18/01/04 16:00 - 49 reads Posted by sandybeachs Post #218157 - in reply to msg. #218154 - splitview
hi trade.. good stuff you have provided..well done...
looks as though the philippine government are making life a little easier for exploration companies as well..
that will be a big help for the multi nationals..
and nido petroleum.....
thanks again...
i owe you one...
regards
Voluntary Disclosure: No Position Sentiment: None TOU violation
Advert :: NEW - Hot Copper DATA DOWNLOADS $150 p.a.
DISCLAIMER: From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. While every effort is made by the moderators to remove these, some may still appear on these forums. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice. Before acting on any of the information you read and making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
