New City Energy Share Discussion Threads

[devil20] 11/2/2014 12:21

From a chart point of view it looks like things are turning for the better.

[devil20] 11/2/2014 12:21

Could be something to do with the RNS of Feb 3rd. I don't know much about what the RNS states. Good solid share anyway, paying 5% divi.

[devil20] 13/11/2013 12:36

I see Midas, who are the broker I use, have picked up more of these. That re-rating should come soon I would of thought.

[devil20] 01/10/2013 12:50

Funny enough I spoke to broker this morning.....seems a re-rating is coming here very soon. share price is somewhat under NAV and NCE are going to do something about it.

[energiser01] 01/10/2013 12:45

Update Vermillion

Vermillion was at number 5 in holdings list as of 31/8/13 @ 4.5% of trust NAV. I believe Northen Pet was/is according to March 13 figueres (approx 1.6% at the time).

Full release @ hxxp://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=62986147&cp=off&webmasterId=101020

Vermilion Energy Announces Netherlands Acquisition
CALGARY, Oct. 1, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that it has entered into a definitive purchase and sale agreement with Northern Petroleum Plc. ("Northern") whereby Vermilion, through its wholly-owned subsidiary, will acquire 100% of the shares of Northern Petroleum Nederland B.V. ("NPN") (the "Acquisition"). NPN is the Netherlands subsidiary of UK-based Northern. The purchase price, which is subject to customary closing adjustments (including working capital and cash flows between the effective and closing dates), is $27.5 million. Vermilion will also grant Northern minority net profit participation rights on select license interests included in the Acquisition. The Acquisition has an effective date of January 1, 2013, and remains subject to customary conditions and receipt of all necessary regulatory approvals. The Acquisition is anticipated to close before the end of October, 2013, and will be funded with existing credit facilities.

The Acquisition includes interests in nine concessions, including six onshore licences in production or development, three onshore exploration licenses, and one offshore production license ("P12") in the Netherlands (the "Assets"). The interests in the Drenthe IIIb, Drenthe IV, Oosterwolde, and Zuid Friesland III licenses are located in the northeastern region of the Netherlands in close proximity to Vermilion's existing concessions. The remaining five onshore licenses include interests in Andel V, Engelen, Papekop, Utrecht, and Waalwijk, which are located in the southwestern region of the Netherlands.

All of the Assets to be acquired will be operated by Vermilion following closing of the Acquisition, with the exception of the offshore license P12, in which Vermilion will hold a 23.6% non-operated interest. The Assets cover approximately 298,500 net acres, of which approximately 98 percent is currently undeveloped. Production from the Assets is expected to average approximately 600 boe per day in 2013, comprised of 99% natural gas that is expected to produce an operating netback in-line with Vermilion's operating netback for natural gas in the Netherlands. Proved plus probable reserves have been estimated for Vermilion by GLJ Petroleum Consultants Ltd. ("GLJ") to be approximately 2.3(1) million boe as of the effective date of the purchase.



dyor etc..

[energiser01] 17/9/2013 14:51

Update Coastal

9.3% of trust NAV @ 31/7/13 (SP around £9 at that point)

upto £11.60 here, and just suspended on TSX canada.

Speculation of $20 to $22 bid ($21 CAD = £12.80 roughly) from private equity.

Seems to low after last years bid and the further progress/expectations this year etc.. Still good fo NCE...

dyor etc....

[energiser01] 03/7/2013 09:46

Update - net Norske - was 5.01% on NAV in Mar 31st 2013. but is less than 4.1% as of top 5 last month. exact figure unknown at present. est around 3.9% unless holdings have been changed from the 140,000 share recorded @ 31/3/13.

Det norskes physical production in June was 9,655 barrels per day.

In May, Det norske's production increased by over 250 percent. The first well on the Jette field came on stream 19 May. Both wells at Jette are now producing stable and production figures for June is almost doubled from May.

Jette is expected to produce 10,000 barrels per day, giving Det norske 7,000 from Jette.

Full rel @ hxxp://www.detnor.no/en/frontpage-news-and-media/85/1269-good-production-figures

dyor etc....

[energiser01] 14/6/2013 12:00

Update Beach Energy - 1.54% of trust nav as of 31/3/13.

Still some good stories/news being generated, which hopefully will be reflected in the companies Sp's as earning rise etc.

Exploration success and prod increases on Western Flank

Full info @ hxxp://www.beachenergy.com.au/IRM/Company/ShowPage.aspx/PDFs/3055-26830354/ExplorationsuccessandprodincreasesonWesternFlank

Beach advises the following from its operated Western Flank oil acreage:
 Four new oil exploration successes in PELs 91 and 92 drilled on 3D seismic, potentially adding up to one million barrels of oil (gross);
 A significant oil intersection in the Bauer-10 development well; and
 Record net production in excess of 10,000 bopd through recently completed oil flowlines into Moomba
Beach Energy Limited (ASX: BPT, "Beach") advises that four oil discoveries, consisting of three in PEL 91 (Beach 40% and operator, Drillsearch Energy Limited 60%) and one in PEL 92 (Beach 75% and operator and Cooper Energy Limited 25%), as well as a further development well interesection in the Bauer oil field in PEL 91, have recently been achieved. This success supports recent record daily net oil production, in excess of 10,000 barrels of oil per day ("bopd"), through the oil trunkline from Lycium into Moomba (Beach 60% and operator, Senex Energy Limited 40%).


dyor etc...

[devil20] 21/5/2013 13:32

Just picked up some more here. This is due for re-rating at some point soon.

[devil20] 13/2/2013 11:35

I bought a few here 2/3 weeks ago. Bit of a slow burner..but should do well over time.

[energiser01] 13/2/2013 11:26

Update - Beach Energy - One of the smaller holdings

13/02/2013 Beach anticipates an increase in 1HFY13 underlying profit

full rel @

dyor etc..

[marab] 08/11/2012 16:34

energiser01 - we need some bad news here as the constant good news does not seem to have any effect. Good to see you are still in data ferret mode ;-)

[energiser01] 08/11/2012 15:48

Update - Crescent Point

Full Rel @

THIRD QUARTER 2012 HIGHLIGHTS

In third quarter 2012, Crescent Point continued to execute its integrated
business strategy of acquiring, exploiting and developing high-quality,
long-life light and medium oil and natural gas properties.

Crescent Point achieved a new production record in third quarter 2012 and averaged 99,631 boe/d, weighted 90 percent to light and medium crude oil and liquids. This represents a growth rate of three percent over second quarter 2012 and 38 percent over third quarter 2011.
During third quarter, the Company spent $259.4 million on drilling and development activities, drilling 149 (84.7 net) wells with a 100 percent success rate. Crescent Point also spent $54.5 million on land, seismic and facilities, for total capital expenditures of $313.9 million.
Crescent Point generated funds flow from operations of $384.2 million ($1.13 per share - diluted) in third quarter 2012, representing a 27 percent increase over third quarter 2011 funds flow from operations of $303.3 million ($1.09 per share - diluted).
Crescent Point maintained consistent monthly dividends of $0.23 per share, totaling $0.69 per share for third quarter 2012. This is unchanged from $0.69 per share paid in third quarter 2011. On an annualized basis, the third quarter dividend equates to a yield of 6.5 percent, based on a volume weighted average quarterly share price of $42.54.
During the quarter, the Company closed a bought deal financing and the associated over-allotment option granted to the underwriters. A total of 15,433,000 Crescent Point shares were issued at a price of $41.00 per share for aggregate gross proceeds of approximately $632.8 million.
Subsequent to the quarter, on November 1, 2012, the Company announced the acquisition (the "Ute Acquisition") of Ute Energy Upstream Holdings LLC ("Ute"), a privately held oil and gas producer with assets in the Uinta Basin light oil resource play in northeast Utah. The assets expected to be acquired include production of approximately 7,800 boe/d and approximately 270 net sections of land in the centre of the resource play. Closing is expected to occur on or about November 30, 2012.
Also on November 1, 2012, Crescent Point announced a bought deal financing with a syndicate of underwriters to raise gross proceeds of approximately $750 million. The bought deal financing includes an over-allotment option for underwriters. Closing is expected to occur on or about November 21, 2012.
The Company's balance sheet remains strong, with projected average net debt to 12-month cash flow of approximately 1.0 times and significant unutilized credit capacity.
The Company continued to increase oil deliveries through its Stoughton rail terminal, providing access to diversified refining markets and more stable price differentials to WTI. Third quarter average throughput was more than 15,500 bbl/d, with an additional 1,000 bbl/d also being delivered to third-party sites. Expansion of the Stoughton rail facility, which is expected to be completed in fourth quarter 2012, will increase shipping capacity to 40,000 bbl/d. In late third quarter, the Company completed preparation of its rail-loading facility in the Dollard area of southwest Saskatchewan and delivered its first loads in October. Current capacity is approximately 4,000 bbl/d.
Crescent Point continued to implement its disciplined hedging strategy to provide increased certainty over cash flow and dividends. As at October 31, 2012, the Company had hedged 56 percent, 54 percent, 35 percent, 17 percent and 3 percent of its oil production, net of royalty interest, for the balance of 2012, 2013, 2014, 2015 and the first quarter of 2016, respectively. Average quarterly hedge prices range from Cdn$88 per bbl to Cdn$94 per bbl.

dyor etc..

[energiser01] 07/11/2012 09:30

Update Coastal Energy

No1 holding @ 11.2 % at the end of Sept 12. The darling of this trust....

Coastal attracting the interest of Indonesia State owned Oil company Pertamina

Press indicating opening shot at $24.5/£14.50, but generally considered low side and may attract other into the open given upside potential and geography to fast growing markets etc.

see Coastal announcement.


dyor etc...

[touchtype] 18/10/2012 20:12

Nice to finally see a bit of an upswing on the share price and even some interest in the subs.

[energiser01] 15/8/2012 09:42

Update TAG OIL

Full rel @


TAG Oil Reports 102% Increase in Production Revenue, Strong Balance Sheet, and provides Operations Update
VANCOUVER, Aug. 14, 2012 /CNW/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), a Canadian company with 100% of its exploration, development and production efforts focused in New Zealand, reports the Company has filed its June 30, 2012 condensed consolidated unaudited interim financial statements and management discussion and analysis with the Canadian Securities Administrators for the Company's first quarter of fiscal 2013. Copies of these documents can be obtained electronically at or for additional information please visit TAG Oil's website at

Q1-2013 and Recent Operating Highlights

Production revenue increased to $11.83 million, from $5.85 million for Q1-2012;

Net income of $5.56 million was recorded before deducting non-cash stock-based compensation expenses, compared to $2.18 million for Q1-2012;

Net operating cash inflow increased to $9.17 million for the quarter compared to $1.76 million for Q1-2012;

TAG sold 101,880 barrels of oil during quarter at an average price of $107.36 per barrel;

TAG sold 32,167 boe of gas during the quarter at an average price of $4.61 per mcf;

Successfully drilled Cheal-C3, Cheal-C4, Cheal-A11, bringing the total to 18 straight successful wells in Taranaki;

Currently drilling Cheal-A12;

Active drilling, testing and work-over program ongoing;

Cheal infrastructure program allowing TAG to initiate production from currently constrained well production and become completely self-sufficient in producing, processing and marketing all oil and gas;

Completed a bought deal financing where the Company issued 4,435,000 common shares for net proceeds of $43,433,253;

Ended Q1-2013 with $103 million of cash and no debt;

Entered into an agreement to acquire three exploration permits located in the East Coast and Canterbury Basin's of New Zealand;

All work carried out to the highest health and safety and environmental standards.

dyor etc..

[energiser01] 14/8/2012 12:31

Quite a few good results coming through from various companies.

full rel @

Good set from Coastal.

August 14, 2012

AIM: CEO

Coastal Energy Announces Second Quarter 2012 Financial Results & Operations Update


Coastal Energy Company (the "Company" or "Coastal Energy") (TSX: CEN, AIM: CEO), an independent exploration and production company with assets in Thailand, announces the financial results for the three and six months ended June 30, 2012. The functional and reporting currency of the Company is the United States dollar.

Second Quarter 2012 Highlights

- Total Company production increased to 21,713 boe/d in the second quarter from 9,494 boe/d in the same period last year. The Company's offshore production was 19,351 bbl/d, with the increase due to the inclusion of production from both platforms at Bua Ban North. Full production from Bua Ban North came on throughout January and February. Offshore production volumes in the second quarter were impacted by downtime for the replacement of an FSO at Bua Ban North. Onshore production of 2,362 boe/d increased from Q112 levels and year ago levels as natural gas demand continued to recover following the flooding in Thailand in late 2011 and was 3% above Q211 levels.

- EBITDAX for Q2 2012 was $130.3 million, 230% higher than the $39.5 million recorded in Q2 2011. Revenue and EBITDAX were driven higher by increased oil liftings and commodity prices. Crude oil inventory was approximately 456,418 barrels at June 30, 2012 the revenue from which will be recognized in the third quarter. The Company reduced closing inventory levels by 112,840 barrels (approximately 20%) during Q2.

- The Company announced successful discoveries in the Miocene and Oligocene reservoirs at Bua Ban South. The discoveries have been appraised and determined to be commercial. The Company purchased production facilities for Bua Ban South and will continue appraisal drilling once they arrive on location later in the third quarter.

- The Company announced a Normal Course Issuer Bid to repurchase up to 5% of its outstanding shares (5,715,972 shares). To date, the Company has repurchased approximately 1.25 million common shares on the open market.

- The Company announced that it had been awarded a Small Field Risk Services Contract by PETRONAS for the development of the Kapal, Banang & Meranti cluster of small fields offshore Peninsular Malaysia. Coastal will operate the fields for PETRONAS and will provide upfront development and operational capital. Coastal will recover 100% of its invested capital and will earn a remuneration fee which will be adjusted based on the timely implementation of the agreed field development plan and budget.

- Following quarter end, the Company released the results of an interim third party reserves evaluation by its reserve auditor, RPS Energy Ltd. Total company 2P reserves increased to 149.1 mmboe from 102.1 mmboe at December 31, 2011

Operations Update

The Company drilled the Songkhla J-01 exploration well to a total depth of 8,600 feet TVD and encountered 168 feet of high quality sand in the Lower Oligocene reservoir with 19% porosity. Oil shows were observed throughout this section of the Lower Oligocene; however, MDT analysis indicates that this wellbore was near the oil water contact in this reservoir. Oil shows were also observed in the pre-tertiary limestone target, but porosity was below commercial levels.

The rig is being mobilized to Songkhla A for development and appraisal drilling.

Randy Bartley, President and CEO of Coastal Energy, commented:

"The first half of 2012 has been an exceptional six months for Coastal. On top of record levels of production and cash flow, the Company has continued to deliver increases in reserves both through new exploration discoveries and appraisal drilling as well as core analysis on existing assets.

"We have been reinvesting our free cash flow to purchase some of the production facilities we were previously leasing for our offshore operations. This will reduce our fixed operating costs across all fields. The Company also announced an exciting expansion of our operations into Malaysia. This contract with PETRONAS is a low risk way for Coastal to enter a new country and we are very excited for our first new venture outside of Thailand.

"The Songkhla J-01 exploration well has very interesting implications for the basin. This is the farthest north and east that we've seen oil migration in the Songkhla basin to date. The secondary Lower Oligocene target had oil shows and great reservoir characteristics which will require further appraisal drilling to evaluate. We believe there is significant potential in the Lower Oligocene in updip fault blocks to the north and east of the J-01 well; however, these prospects extend beyond the boundaries of our current 3D seismic data. We are going to wait to drill further appraisal wells until we finish the acquisition and processing of additional 3D seismic which is currently underway. While the pre-tertiary target was below commercial thresholds in this particular location, we do not feel that there is any read-through to other pre-tertiary prospects in the basin based upon these results.

"We are moving the rig to Songkhla A to continue development and appraisal drilling to add to our existing production growth. We are also currently bidding on a second rig to begin work in the November 2012 time frame, which would allow our development and exploration programs to continue simultaneously. "

dyor etc..

[energiser01] 23/7/2012 13:27

update - Americas petrogas.

Full rel @

Americas Petrogas Achieves New Oil Production Record in Argentina
CALGARY, ALBERTA--(Marketwire - July 21, 2012) - Americas Petrogas (TSX VENTURE:BOE) ("Americas Petrogas" or the "Company") is pleased to announce that a new daily production record of 2830 bopd (or 450 cubic metres per day) was achieved on July 19, 2012 at Medanito Sur and Rinconada Norte.

This oil production record is the result of the Company's ongoing drilling program in Medanito Sur. After receiving its 25-year exploitation licence in March 2012 on Medanito Sur, Americas Petrogas intensified its drilling program. This drilling program has been very successful given the wells are both exploration and appraisal in different plays on the block. The Company's high rate of exploration success is confirming expectations of very good potential for this area of the Neuquen Basin.

The expansion of the Company's own production facilities to handle up to 6300 bopd of oil from Medanito Sur is well underway and is expected to be complete by the fourth quarter of 2012. These facilities will address the Company's existing partial restraints from storage and neighboring facilities and will allow Americas Petrogas to produce additional oil, now behind pipe, from the productive capacity of completed wells.

dyor etc..

[energiser01] 06/7/2012 17:09

Update - MIRA Resources (1.72% of trust NAV as of 31/3/12)

Significant increases in resources and potential sale...

Fill re @

MIRA Announces the Independent Resource Assessment for the Contingent STOIIP With a 430 Percent Increase
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2012) - Mira Resources Corp. (TSX VENTURE:MRP) ("Mira") and its fully owned subsidiary Equinox TSB Development (Nigeria) Limited are very pleased to announce the RPS Energy Independent Resource Assessment for the Contingent STOIIP Resources in the tested Reservoirs with a greater than 430% growth in the Certified Contingent STOIIP Resources from the previous 2010 NSAI Certified Contingent STOIIP Resources.

The U 7 Certified STOIIP Resource in the U 7 Best Estimate P50 or 2C increased from 14.89 Million Barrels of STOIIP (NSAI) to 65 Million Barrels of STOIIP Resource while the U 9 Reservoir which was not tested in the 2011 Reentry was assessed by NSAI in 2010 at 21.6 Million Barrels of STOIIP Resources has been assessed at 18.9 Million Barrels of STOIIP Resources with another 26.5 million Barrels of Prospective STOIIP by the RPS Group. The conversion of the STOIIP to Recoverable Resources is currently being worked by Schlumberger Nigeria Nodal Analyses Group and will be announced when they are completed with the revised Economic Model and the updated NI 51-101.

Our recently appointed exclusive financial advisor, First Energy Capital will be opening their data room this month for the possible sale of the company. Mira's Board of Directors, in response to several expressions of interests, has established a special committee with a mandate, in consultation with First Energy, to solicit, review and consider strategic alternatives and to make recommendations to the Board as to whether any proposed transactions are in the best interests of the Corporation and its shareholders.

dyor etc..

[marab] 04/7/2012 14:31

energiser01 - the GCL subs were a good earner even if I did buy them a lot later than some of the braver investors. GCL have had a rough time of it but looking good value at the moment and I think I sold mine at about63p shortly after the tsunami last year. Already have a few NCEA bought at much higher prices but I live in hope of a general market uplift of confidence. With the usual discount of the share price to NAV I reckon the NAV has to hit about 90p before the subs are in the money, although the discount could narrow by then.

[energiser01] 04/7/2012 13:02

Marab - yes this one and GCL i think should make good returns over the next few years. I think the subs might also be worth a look if signs of a strong recovery begin to show. They are out of the money at present exercisable @ 70p upto sep 2013 (think its actually slightly longer than that as its based on when the report comes out, but would need to double check). Spread is large of course 2.5p - 3.5p, but can probably buy within that, but I'd only tuck a few away if I could afford to covert I think, as time value isn't on our side, bit of a gamble. Worked ok on GCL with the rise in U price, but would need Oil to do something similar here I suspect to really get a rocket under it. Oil North of $115 would be a good target for DEC12....

dyor etc..

[energiser01] 04/7/2012 12:50

Update - Beach Energy (1.15% of trust NAV as of 31/3/12)

Appears Beach owns c. 55% of Somerton energy (AUS: SNE), who are in the process of being takeon over by Cooper Energy (ASX: COE).

Beach has agreed to the T/O @ approx 56% premium etc...

Beach will take 17m shares in COE (about 5%) and AUS$7.2m in cash.

Beach June Drilling Report

@

Have not researched this one at present, except that looks like there should be plenty of news flow from Egypt (jul onwards). as well as further updates on Cooper Basin drilling in Aus.

dyor etc..