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GLV - Global Oil & Gas

Discussion in 'Stocks 0-H' started by yogi-in-oz, Dec 17, 2005.

  1. Joules MM1

    Joules MM1 ....everything has an art

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    grins alround....
    Colin Vost (ASX:BKP)
    Paul Bennett (TSV:pFC)
    Atle Rettedal (NYSE:STO)
    courtesy, Shankbone448px-Statoil_NYSE_listing_2011_Shankbone.jpg
     
  2. Joules MM1

    Joules MM1 ....everything has an art

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    that's nice......

    PetroFrontier Corp. announces successful drilling of its second horizontal well in Southern Georgina Basin, Australia

     
  3. Joules MM1

    Joules MM1 ....everything has an art

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    technically, everything looks wrong ......so, i bought more of these at .013's last week.....we are due some results over the next few weeks......if the library cores are anything to go by already, the results should/would/could give a minimum idea if forecasts by Ryder et al have any real susbstance.......
     
  4. boff

    boff

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    Ha ha. love it.

    Couldn't agree more. I topped up with a couple of mil. about a month ago at 1.4. They are currently progressing the second frac and I think the third will be completed within a couple of weeks. Then flow tests. Because of flow testing in reverse order it is touch and go if our hole gets a go before the wet. However good results from the first 2 would be a major boost/de-risk for us.
     
  5. Joules MM1

    Joules MM1 ....everything has an art

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    +1 .....do you have a sister i could out with?......brotherly hugs......:roflmao:
     
  6. Joules MM1

    Joules MM1 ....everything has an art

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    email today:

    PFC sample 121012.jpg
     
  7. Joules MM1

    Joules MM1 ....everything has an art

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    seems, inspite of the crush on PFC sp and crunch on BKP's sp, more and more drillers come to the game in the Georgina basin......that's a lot of faith.....i'm guessing youre enjoying todays operational pdf

    tick tock tick......
     
  8. Joules MM1

    Joules MM1 ....everything has an art

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    that clocks slowing down.....lulz......

    bought more today at 011's
     
  9. Joules MM1

    Joules MM1 ....everything has an art

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    so, the words
    from PFC werent going to be enough for the price to hold

    nasty

    purchased another parcel at 07's .....the long view just became.....looooooong view....
     
  10. Joules MM1

    Joules MM1 ....everything has an art

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    todays large buy volume mid morning in a period that wouldnt expect to see such action....something afoot, watson.....

    sniff sniff
     
  11. Joules MM1

    Joules MM1 ....everything has an art

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    expect a 'please explain' note from the mod squad later today
     
  12. Joules MM1

    Joules MM1 ....everything has an art

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  13. rhett27

    rhett27

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    Duz anyone know when drilling or any sort of action is going to start for baraka
     
  14. rhett27

    rhett27

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    baraka energy

    Has anyone heard any news on baraka energy or have any opinions on them,I'm an invester in them and am thinking about buying more shares but would like some more opinions on them because of what's going on with there partners.
     
  15. Joules MM1

    Joules MM1 ....everything has an art

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    yesterdays morning mail:

    PetroFrontier Corp. announces Statoil to fully fund a US$50 million 2013/2014 exploration program in the Southern Georgina Basin

    CALGARY, June 11, 2013 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has agreed to amend the existing farmin agreement with Statoil Australia Oil & Gas AS ("Statoil") whereby Statoil has committed to spend the next US$50 million throughout the remainder of 2013 and 2014 to fully fund up to a 385 km 2D seismic program and the drilling and stimulation of four to six vertical test wells (the "Amended Farmin Agreement").

    Throughout 2012 and the first half of 2013, PetroFrontier and Statoil jointly spent approximately US$30 million on exploration in the Southern Georgina Basin, thereby gaining valuable geological information. Under the Amended Farmin Agreement, Statoil could spend a total of up to US$175 million by the end of 2016 before PetroFrontier will be required to contribute further. Statoil will also become the operator effective September 1, 2013.

    "We have worked with our financial advisor, GMP Securities L.P., over the past five months reviewing various strategic opportunities and feel that we have reached a transaction best representing the interests of our shareholders," said Paul Bennett, President and CEO of PetroFrontier. "We are very pleased that Statoil is clearly interested in the exploration of the Southern Georgina Basin. Its commitment to further explore the basin is a very positive indication of their belief in the prospectivity of the area. In addition, while retaining a significant working interest, we eliminate our US$10 million capital commitment and our need to raise additional financing."

    "We believe the Southern Georgina Basin asset to be potentially very prospective and we are happy to assume operatorship for this 14 million acre area. This deal is in line with our exploration strategy where we pursue access early and at scale to de-risk the plays and grow organically through exploration activities. We will continue the good work done by PetroFrontier with the aim of clarifying the prospectivity", said Vice President Vidar Skjæveland in Statoil's onshore exploration unit.

    With working capital of approximately $11.3 million at March 31, 2013, no debt and reduced operating expenses going forward, as a result of the Amended Farmin Agreement, PetroFrontier is now positioned for new growth opportunities.

    Under the terms of the Amended Farmin Agreement, up to the next US$160 million of exploration costs will be fully funded by Statoil over three phases to the end of 2016, in return for 80% of PetroFrontier's working interest ("WI") in EP 103/EP 104 (100% WI), EP 127/EP 128 (75% WI) and EPA 213/EPA 252 (100% WI) in the Southern Georgina Basin, Northern Territory, Australia (collectively the "Permits").

    Phase 1 & 2A (2013 and 2014):
    Statoil will spend the next US$50 million on exploration (PetroFrontier - nil) and assume operatorship on September 1, 2013

    At the end of Phase 2A, Statoil will have the option to continue to Phase 2B; if Statoil elects not to continue, it must return to PetroFrontier 50% of its former WI in the Permits, such that ownership will then be: Statoil (30%), PetroFrontier (70%)
    Phase 2B (2015):
    Upon proceeding to Phase 2B, Statoil will spend the next US$30 million on exploration (PetroFrontier - nil)

    At the end of Phase 2B, Statoil will have the option to continue to Phase 3; if Statoil elects not to continue to Phase 3, then it must return to PetroFrontier 25% of its former WI in the Permits, such that ownership will then be Statoil (55%), PetroFrontier (45%)
    Phase 3 (2016):
    Upon proceeding to Phase 3, Statoil will spend the next US$80 million on exploration (PetroFrontier - nil)

    At the end of Phase 3, Statoil will own 80% and PetroFrontier will own 20% of PetroFrontier's former WI in the Permits


    At the end of Phase 3, Statoil will have completed its funding obligations under the Amended Farmin Agreement and the sharing of future costs between Statoil and PetroFrontier will be based on their then respective ownership interests.

    These amendments are subject to satisfaction of certain conditions precedent, including the approval of the Foreign Investment Review Board of Australia and the approval of the TSX Venture Exchange. Upon satisfaction of the conditions precedent (expected to be satisfied on or before July 1, 2013), PetroFrontier's strategic review process announced on December 4, 2012 will have been successfully completed.
     
  16. Joules MM1

    Joules MM1 ....everything has an art

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    zzzzz

    so much drilling :eek:
     
  17. Joules MM1

    Joules MM1 ....everything has an art

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    email

     
  18. Joules MM1

    Joules MM1 ....everything has an art

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    i prob do more drilling in my email account than what's being done in the Georgina.... :(

    got some fills in this week at 0.004's talk about loooooooooooooonggggggggg view!



     
  19. againsthegrain

    againsthegrain

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    After selling out around two years ago at just under 3c bkp has never been fully off my radar and it has now come back for me. With things moving very slowly and a few anns due by the end of this year I have started slow accumulation at .004 ~.006

    I am taking a long term view with plans to hold for next 3+ years if things are looking positive.

    I guess I am posting this as recently I have been getting excited about baraka again after a long break, maybye its so if we ever make multi bagger I can say here is the proof , looking to accumulate around 1 mil shares at sub 1c price which ever comes first.

    I still value the Scott Ryder report, things have just been going nowhere since the release with a big spec spike, if the report is correct and management do one day manage to get things going this stock is very undervalued to me.

    I held CTP once at 3 times of what it is worth today and see them as a good indicator a sense for what the future might hold for bkp.

    I am not aiming at promoting bkp as a next big thing that's about to boom but taking a long term hold and not selling out at 100 200 or 500 % gains. 3 - 10 years time frame is what I am locked in to hold unless things go totally pear shaped.
     
  20. Joules MM1

    Joules MM1 ....everything has an art

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    nothing moving....crude being hit hard isnt a great back drop and a farm-in being accused of price fixing, but, mostly, there's no sign that anyone has an intheknow buy going on here....

    tic toc
     
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