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AUT - Aurora Oil and Gas

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Well at the moment we don't have the news to give us facts to discuss really....all one can do is make a well-judged speculation and hope it comes to fruition.
 

mir

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nunthewiser
"Seeing as everyones speculating and posting unverifiable statements......... Perhaps todays selloff was due to those "insiders" knowing the results might not be so great after all ? "
here is another unverifiable statement ,i hear a fair bit & its all good lol.
 
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Then there is the old saying we must speculate to accumulate. These formums do give us plenty of information some verifyable some not. After awhile it becomes easy to make an informed judgement as to the probability of that speculation being of assistance with making a move ahead of the pack and indeed ahead of the news. (Agent had a reputation of beating the news with ADI by a day or two.)
An educated nod or a wink has helped me in the past and will again in the future. There are also times that the nod has led me down the garden path. Then it becomes a case of "Shame on the one that gave me a bum steer". If however it happens that I accept a bum steer a second time from the same source then it is a case of "Shame on me".

Investing is speculating. Investing in a company has less speculation once they become producers. AUT has become a producer of oil and gas.:2twocents
 
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There doesn't appear to be a thread specefic to AUT. It gets plenty of mention associated with ADI through "Sugarloaf" but it does have other interests so I think it needs an identity of it's own.
The company has the same percentage share in sugarloaf as ADI with the sp usually at a discount and I have done OK switching back and forth between the two.
AUT is currently subject to a trading halt pending an announcement not associated with current activities. This could mean raising funds needed for the development of sugarloaf. This could mean a discounted rights issue or it may be a placement , discounted, to a financial institution.One could raise the price the other could lower it?
Which ever way it goes the long term future of AUT is tied to sugarloaf to a degree but they have another well Nth Bellridge getting close to it's target.

The above was the first post on AUT December 2006. Almost 4 years of speculation that finally paid off....................................;)
 
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I came across AUT tonight and am very glad I did. Super chart, suggesting higher prices are on the horizon. These sideways accumulation patterns are very positive after a strong run higher. Buy order in at $0.85.
 

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mir

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condog
from Hartley's "A significant portion of the field has been proven by wells (see Fig. 2), which should contribute towards a decent 2P number, although we expect that most reserves will be categorised as 3P until more wells are drilled and there is more production history."

currently we are only 2c so it should make a huge difference ,this is how i see it.


Reserves 1P , 2P , 3P
Discovered, recoverable, commercial,
remaining
Proved, Probable, Possible
1P , 2P , 3P
(now formalized)

Contingent Resources 1C , 2C , 3C
Discovered, potentially recoverable,
not yet commercial, remaining
1C, 2C, 3C (new terms)
Equivalent to Low, Best and High
Estimates
 
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Cheers MIR,

Check out this article out today

Bullish or what??

http://www.dailywealth.com/1428/How-to-Double-Your-Money-in-the-Next-Great-Texas-Oil-Field

How to Double Your Money in the Next Great Texas Oil Field
By Matt Badiali, editor, S&A Resource Report
Thursday, July 29, 2010


"When this is all over, I think I'll buy myself an airplane..."

Last month, I spent several days driving along the coastal plains of south Texas... much of it with one of the most successful independent oilmen in the country.

Like most Texans, my guide on the trip was a natural risk-taker... and an eternal optimist. And while a lifetime of hard work and drilling success has brought him considerable wealth, it's this region of south Texas that has him contemplating "personal airplane" levels of wealth.

I spent about two weeks in the area... inspecting drill sites, looking at wells, and reviewing data from drill logs. My other tour guides were a bunch of genuine Texas wildcatters. Collectively, these guys probably have 100 years of experience scouring the Texas plains for oil and pumping out what they find. They've gone through plenty of booms and busts. It takes a lot to turn their heads.

And in this region – the Eagle Ford shale field – they all think they've found the greatest payday they'll ever hit.

As you've probably read in these pages, the Eagle Ford is a huge shale formation that begins near the Mexican border and sweeps 400 miles northeast almost to Houston. It's best known as Texas' "oil kitchen." Buried more than 12,000 feet underground, oil from the Eagle Ford leached out over the centuries into the more porous limestone above it, creating some of the most prolific oil reservoirs in the Gulf of Mexico basin.

Drilling shale formations like the Eagle Ford for the natural gas trapped inside has been the most important trend in the U.S. energy sector over the last decade. Developing the tools to extract shale gas is singularly responsible for an explosion of U.S. natural gas reserves. Now, oil and gas explorers are applying those tools to the biggest shale formation in Texas.

This play is new enough that it's difficult to offer a reliable estimate on how much oil and gas it holds. But consider independent explorer Petrohawk, which kicked off the discovery. It had no production here in 2008. Today, it's producing more than 63 million cubic feet of natural gas and 1,000 barrels of liquids (like butane and gasoline) per day.

Also... two of the early drillers in the region, Pioneer National Resources and EOG Resources, believe their assets hold 1.2 billion and 1 billion barrels, respectively. If Pioneer and EOG are correct in their assessments, this field could produce 5 billion to 10 billion barrels through its lifetime. That would make Eagle Ford the third-largest oil field in the U.S. today.

At one point during my visit, an oncoming semi was so big it forced us up on the side of the dirt road. We had to drive into the sunflowers to avoid a collision. The truck was moving a huge new drill rig, one of the many flooding into southeast Texas.

In March, 43 rigs drilled wells in Eagle Ford. That's up to 61 drilling there today. Nearly the entire fleet (91%) is in use. There just isn't any spare capacity. More rigs need to come into the region, and they will. In the Haynesville shale up in Louisiana, one in four rigs sits idle. In the Barnett, just up the highway in Fort Worth, one in five rigs is out of work. I expect some of those rigs to make the trip to south Texas over the next few months.

The land rush is on. Men and equipment are flooding into the area. Big operators have hundreds of thousands of leased acres. India-based Reliance Energy just spent $1.3 billion (roughly $10,000 per acre) to partner with Pioneer National. Giant oil companies like Shell and ConocoPhillips are working side by side with big independents like Petrohawk and EOG. Nearly all own hundreds of thousands of acres here.

My favorite way to invest in this idea is through companies with lots of unexplored, undeveloped acreages under ownership or lease. Petrohawk, EOG, and Pioneer all own or lease substantial portions of the Eagle Ford. I also recently told my S&A Resource Report subscribers about two companies that throw off huge dividends, yet could skyrocket in price because of their Eagle Ford land positions.

I told my readers to get in soon. One of the oilmen I rode with said the Eagle Ford will easily be the biggest discovery of his more than 30-year career... and maybe the largest in the history of the U.S. oil industry.

Good investing,

Matt Badiali


Certainly rings true for me after trippling mine so far.
 
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Nioka something tells me in 4 more years we will be referring to that post above and saying the exact same thing. ITs hard to go bad when your in the middle of the hottest hot spot in the world for unconventional gas and your liquids ratio is so high. You dont have to be einstien to unravvel this story.
 

nulla nulla

Positive Expectancy
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Well at the moment we don't have the news to give us facts to discuss really....all one can do is make a well-judged speculation and hope it comes to fruition.

lol.. Thats a bit like saying we are swimming in the dark, don't know where we are going and should take a punt and hope for the best.
Mind you, it would be reasonable to say most investment/trading decissions are made on the same basis.."a well judged speculation".
 
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No speculation here

heres a snippet of the screen dump from my gmail inbox showing the reply from phoebee,

email.png

email 2.png
 
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email4.png

Recieved 22nd July in response to question about when can we expect to see reserves upgrade. As you can see AUT always provide timely, proffessional and ASIC proof responses without breaching disclosure rules. Quality managment at its best imo.

Once again 100% accurate and authentic as reported by me. One thing you will see when you know me long enough is honesty and integrity is core to my being. Which is why i get so narky when i suspect others of not being so.
 
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Check ASX announcements as predicted funds starting to get interested

JP MOrgan Chase just bought 20,000,000 AUT shares. Likely in anticipation of either uptrend, takeover, high calculated growth or reserves upgrade.

KKR and RIL just bought into our neighbours, now the USbranch of JP Morgan just bought 20M of us. hmmm anyone else smell a profit coming ???
 
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Hey Condog,

Gotta be a bit ****ty you missed out on that gyro copter. They are pretty sweet. :)

Na i used my AUT profits and outbid to win another so all is sweet the kids happy. Bit nervous the last thing we want is a TO before we hold for 12 months, no one wants to pay 45% of our profits to Julia.
 
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Check ASX announcements as predicted funds starting to get interested

JP MOrgan Chase just bought 20,000,000 AUT shares. Likely in anticipation of either uptrend, takeover, high calculated growth or reserves upgrade.

KKR and RIL just bought into our neighbours, now the USbranch of JP Morgan just bought 20M of us. hmmm anyone else smell a profit coming ???

Yes, nice to see the instis coming in for a slice of AUT. I thought the announcement of this on the ASX might have been worth an "!" alongside it, but no matter, it is still bullish news I reckon.

I'm looking forward to the revised reserves report which is due anytime now, per Hartleys. I thought AUT/NSAI might have waited for at least one drill result from the Ipanema acreage but, as that net acreage is only about 13% of AUT's total, perhaps NSAI are happy to report "blind" on that patch?
 
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How did JPMorgan Chase buy half of those shares at a SP of .75c 2 days ago tho?

In light of this news, while positive when will be the next breakout? Reporting time?
 

Sdajii

Sdaji
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Seeing as everyones speculating and posting unverifiable statements......... Perhaps todays selloff was due to those "insiders" knowing the results might not be so great after all ?

Yeah, definitely. Nothing to do with the fact that millions of dollars worth of new shares just got issued, which were purchased at 75c, which people could sell at a profit at anything above 75c. No, that wouldn't have anything to do with a drop of a couple of cents in the direction of 75c, would it? No, I've never heard of profit taking either.

If the sun came out from behind the clouds and you suddenly felt a little warmer, would you speculate that the heat was coming from nuclear fallout or a nearby volcano?
 
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How did JPMorgan Chase buy half of those shares at a SP of .75c 2 days ago tho?

In light of this news, while positive when will be the next breakout? Reporting time?

Becasue some dope probably put a sell at market order on, and they where sitting there quietly scooping them up off screen is my guess.
 

mir

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BrightGreenGlow"
How did JPMorgan Chase buy half of those shares at a SP of .75c 2 days ago tho?"
placement 10000000 & 10000000 2 part
 
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Recieved 22nd July in response to question about when can we expect to see reserves upgrade. As you can see AUT always provide timely, proffessional and ASIC proof responses without breaching disclosure rules. Quality managment at its best imo.
I guess you're special and/or have more shares than I do. The only time I emailed a query to AUT, I received no reply.

JP MOrgan Chase just bought 20,000,000 AUT shares. Likely in anticipation of either uptrend, takeover, high calculated growth or reserves upgrade.
Oh, yeah, selling 20M shares to JP Morgan at a discount while scaling back the ordinary shareholders is just peachy!
 
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