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IND - Indus Energy

Discussion in 'Stocks I-P' started by Joe Blow, May 6, 2009.

  1. Chasero

    Chasero

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    Re: QPN - Quest Petroleum

    Looks like with the no news, markets caught on and capital raising (if or if not) is priced in to the share price.

    Possible re-entry at 0.005 or 0.006 looking more and more likely.

    Been saying it for a while now, reasons why I have gotten out due to speculation on C/R... it's all a traders game and predicting what the markets WILL do in say 1-2 weeks from now.
     
  2. Chasero

    Chasero

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    Re: QPN - Quest Petroleum

    Bought some at 0.006 today.

    Still have some left in buy queue at 0.005.. price is heavily discounted imo. :)

    100% retrace.. from 1.2 highs. Will see how it goes next few weeks, but I'm happy to hold.
     
  3. hangseng

    hangseng Gong Xi Fa Cai

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    Re: QPN - Quest Petroleum

    Answer to your query Chasero is yes.
     
  4. basilio

    basilio

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    Re: QPN - Quest Petroleum

    Nice little run on QPN. All the .006 shares taken out.

    Must be getting close to drilling announcements.

    If anything sizable does come up on these drills the leverage on the SP has to massive given the low cap. :2twocents
     
  5. Fantasy09

    Fantasy09

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    Re: QPN - Quest Petroleum

    A bit of a let down from the today's annoucement. During the March 31 Quarterly Report it was announced that "the company's intention to commence drilling prior to June 30, 2012". However, today's announcement "Quest Petroleum is currently preparing to drill its first exploration well". Looks like they are falling behind schedule already:eek:
     
  6. hangseng

    hangseng Gong Xi Fa Cai

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    Re: QPN - Quest Petroleum


    Basically correct in what you state, except they don't actually have a schedule and have never announced one. All they announced was "the company's intention to commence".

    They have not engaged drill rigs as stated today so still no schedule. It is falling behind "the company's intentions" though.

    Not surprisingly the Indonesian government (via the SME PT Pertamina) has announce the building of a new plant in Sth Sumatra. They are doing so in expectation of what is to come and what has already been found recently.

    All I really want to know is how QPN intends to pay for the planned drilling. My recent findings show they will need at least US$5-6m, of which they don't have. That said they aren't amateurs and would have known this in the planning stage before the backdoor T/O of QPN and engaged the high profile Indonesian national Thamrin for good reason. It is just a matter of how they will raise the required funds. Will it be a CR or some other possible sharing arrangement as is so often done with drilling contractors?


    There is no doubting there is gas in abundance and to a lesser extent oil in this region, it just remains to be seen how QPN will fund the planned operations. Indonesian demand for gas is insatiable, so they have a ready market already with a recently increased base price.
     
  7. Chasero

    Chasero

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    Re: QPN - Quest Petroleum

    Pretty obvious.

    June passed. No drilling dates. Lack of cash to fund drilling on cash flow statement.

    BANG - capital raising. Hopefully no one was caught unawares.
     
  8. basilio

    basilio

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  9. Out Too Soon

    Out Too Soon My real name is King Julian ;)

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    Re: QPN - Quest Petroleum

    It's really annoying noticing a post like this then checking the chart & realising it's just a time-wasting ramp (embarrassing to even admit I was sucked in the thing is ~0.006 a share)
     
  10. basilio

    basilio

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    Re: QPN - Quest Petroleum


    Thats very rough Out too Soon. QPN is very much on the move with its plans to drill in Sumatra. As the article points out the regulatory authorities appear ready to give the go signal and QPN has all gear in place for a drill. The site is onland and a quick, cheap drill

    This forum is about sharing information and giving everyone the opportunity to see things they might otherwise miss. QPN is valued at $15m. Any decent gas or oil strike should give it a good boost.

    (I do have an interest in QPN.)
     
  11. Out Too Soon

    Out Too Soon My real name is King Julian ;)

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    Re: QPN - Quest Petroleum

    Sorry Basilio you're right,- a Fundamentalist made me grumpy & the next thing I looked at was the chart for QPN :eek: I guess you're hoping for another AVQ (Axiom Mining). Good Luck :)
     
  12. hangseng

    hangseng Gong Xi Fa Cai

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    Re: QPN - Quest Petroleum

    Drilling approval now in place, mobilisation of teams and equipment to site already underway for drilling in December. Today two directors taking up their rights with their own cash.

    People can see this anyway they want. However with what is front of me regarding the Ranau PSC in the Sth Sumatra Basin I see this as a very high risk reward play. Already had one good run on QPN and this IMO will prove to be a far better one should they strike gas and/or oil as is expected. If they don't, it will be trounced on, nothing more certain.

    They are also now in line for the direct offer of the adjoining highly prospective Bima Sakti PSC, closing date 27/11/2012. As they have the Indonesian national connection of Mochamad Thamrin of Prabu Energy (80% owned by QPN), they are also likely to receive priority consideration.
     

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  13. Miner

    Miner

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    Re: QPN - Quest Petroleum

    I was curious to find QPN and found the following :
    One Director bought 1.6 cents share where as current share price is .007 to .008
    Mr John Whyte has a name sake company secretary in PEN. It is however not uncommon to have companies part time contracted secretaries to fulfil the legal obligations
    Mr John Simpson is CEO of PEN and Mr Jon Simpson (one H missing like Tintin's Thompson and Thomson :D) is the Non Executive Chairman.
    I will watch QPN with interest however ;)
     
  14. basilio

    basilio

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    Re: QPN - Quest Petroleum

    Just received the notice for the Annual General meeting. The main activity is gaining permission for the Board to spread 117.5m performance rights across the Board as part of their renumeration package. When the value of the company reaches a certain level ( $25 m, 45m ect to $500m) the rights turn into shares which are then given to the Board members.

    Does anyone else have any opinions on this process and the figures given by QPN?
     
  15. hangseng

    hangseng Gong Xi Fa Cai

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    Re: QPN - Quest Petroleum


    As I openly stated with PEN, I am deadset against this for of "performance" bonus. It has, arguably, 3/5th's of B'all to do with sustainable performance of any company IMO.

    It should be based on completed "performance" like first commercial gas/oil shows, first delivery of gas/oil etc.

    I voted against it with PEN as I will here, not that it will make much difference the majority of shares are held by the recipients.

    I like the companies prospects, just against this form of remuneration.
     
  16. urgalzmine

    urgalzmine

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    Re: QPN - Quest Petroleum

    Hi all

    Anyone still I this ?

    This is an extract from annual report on 1st nov


    The Company has now received the necessary approvals from the Indonesia Energy Regulator, BPMIGAS, to commence drilling at the first prospect, the Kayumanis-1 Well, in the highly prospective Komering Basin. The Company expects to execute the drilling contract shortly and has announced a targeted spud date for the first well of December this year.
    The Kayumanis-1 Lead Prospect is one of 16 leads indentified in the Ranau PSC with combined potential of up to 6Tcf gas and/or 300 mmbbl oil. The Kayumanis-1 lead Prospect potential alone is estimated at up to 59mmbbl or 340Bcf gas.

    Am I the only one that can see value here? 12million market cap, cap raising of about 2.5million at .006 and should have 5 million cash and about to announce drilling Dec targeting equivalent to 300million bbl oil ....?

    Sounds like a good BESBs story?
     
  17. basilio

    basilio

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    Re: QPN - Quest Petroleum

    Yes Urgal we are still in this....

    When you check out the thread you will see that many punters (mistakenly) believed June was lift off day for QPN.
    It is now December and we are all waiting (im)patiently.

    In theory a decent gas/oil strike should see a sharp rise in the SP. It would be great Christmas present. !!:)
     
  18. urgalzmine

    urgalzmine

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    Re: QPN - Quest Petroleum

    yes, Im very excited !


    Are you in it for the result of the drill? or are you waiting for the announcement of the start of the drill, ie BESBS?
     
  19. BESBS Player

    BESBS Player

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    Re: QPN - Quest Petroleum

    Hi Urga,

    Took your comment on the OXX thread, had a look at QPN, and have started to jump in. As you say, this has BESBS potential.
    While there are no guarantees in this game and the risk is exactly when will the drill start, one can assume that it most likely will occur in Q1 2013 given regulatory approval and the timing of the CR. If this is the case, then there is much to recommend QPN as a BESBS (or into the drill) play:

    * I am looking at a 1-3 month wait on a funded drill that is targetting an estimated (up to) 59mmbbl or 340Bcf gas on the first drill.
    *The drill is a big target. This should attract some trader attention.
    * The CR provides funds but importantly is placing a platform under the SP.
    * One can buy in at the CR price. This removes the risk of being caught holding more expensive stock if punters quickly unload SPP stock.
    * The SP has moved between .009 and .012c upon speculation/action in the past. If the market holds, one can hope for a similar response. If so, a potential return of 50-100% is not out of the question.
    * MC is relatively low for a drill this size.
    * The SP is so low that the leverege is very significant at .006c entry.

    As always, DYOR. That said, I am happy to be entering QPN and will continue to buy in the short term.

    Holding at .006c


     
  20. BESBS Player

    BESBS Player

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    Re: QPN - Quest Petroleum

    Accumulating at .006c.
     
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