New City Energy Share Discussion Threads

[energiser01] 12/1/2011 16:27

NAV now around 98p with current Canada/UK changes.

dyor etc..

[energiser01] 12/1/2011 10:26

They could do something similar to the proposals on the NCIM Geiger (gcl) trust, where they are planning to issue upto a further 124M new shares at a premium to NAV, which lowers total expenses ratio and increases liquidity.

Not aware of any plans at pesent though....

[badtime] 12/1/2011 10:17

Pretty wide discount...will management b doing anything to narrow it

[energiser01] 12/1/2011 08:37

NAV now around 97p with overnight changes.

dyor etc..

[energiser01] 10/1/2011 12:25

Good news from one of the trusts holdings.....

AIM: CEO

TSX-V: CEN

Coastal Energy Announces Drilling Update

Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN, AIM: CEO) announces an update of its operations in the Gulf of Thailand.

The sidetrack of the Songkhla A-12 well has made a new discovery east of the recent discovery made by the Songkhla A-09 well. The A-12 encountered pay zones in both the Oligocene and Eocene reservoirs. Analysis of the data indicates both reservoirs are separated from the Songkhla Main reservoir by a 400 foot fault. The A-12 encountered 105 feet of net pay in the Oligocene with 20% porosity and 43 feet of net pay in the Eocene with 19% porosity. The Company's oil in place estimate for this newly discovered Oligocene reservoir is over 20 million barrels. The Company expects to have this well completed within the next week.

The previously announced A-11 well, which encountered 69 feet of net pay in the Eocene reservoir, is currently being flow tested. Currently only the Eocene is being tested and it is producing approximately 300 bopd. The A-11 also encountered 44 feet of net pay in the Oligocene reservoir with 18% porosity. The Company plans to commingle production from the Oligocene reservoir later this month once the flow test of the Eocene reservoir is completed.

Following completion of the A-12 well, the Company is planning to sidetrack the previously drilled Songkhla A-07 well targeting the reservoir discovered by the Songkhla A-09 well.

The fracture stimulation of the Eocene reservoir in the Bua Ban A-04 well is expected to commence the week of January 23rd.

Randy Bartley, Chief Executive Officer of Coastal Energy, commented:

"Drilling at Songkhla has continued to produce successful results. We now have three newly discovered reservoirs apart from the main Songkhla reservoir. Given the encouraging results, we have decided to drill one further development well to bring more production online before moving the rig. We will continue evaluating future appraisal and development well locations and plan to return to Songkhla later this year.

"Once drilling is completed at Songkhla, we will move to our high impact exploration targets at Bua Ban North. We plan to issue the next operations update at the end of the month."

dyor etc....

[energiser01] 06/1/2011 08:22

NAV around 96p with overnight changes.

dyor etc..

[energiser01] 05/1/2011 07:43

NAV around 94p with overnight changes.

dyor etc...

[energiser01] 04/1/2011 15:13

Current NAV now 95p based on no changes to current portfolio.

SP to NAV discount increasing above historical trend.

dyor etc...

[energiser01] 30/12/2010 08:24

NAV now around 92P+ with overnight changes.

Major changes excluding anything in -9.99 to +10% range since 17th DEC.

KIK.AX -33.33%
NDO.AX -15.38%
HZN.AX -12.12%
MEO.AX -12.00%
ADX.AX -10.00%
SD 11.28%
AET-UN.TO 12.23%
PRQ.TO 14.66%
VOG.L 14.75%
CPL.AX 15.29%
RKH.L 15.72%

NAV has still increased from 89p to 92p+ in this period by my model/estimation.

dyor etc...

[energiser01] 29/12/2010 08:39

Continuing where in left off, with overnight rise now over 93p NAV.

dyor etc...

[energiser01] 24/12/2010 08:05

NAV now around 92p with the overnight changes.

dyor etc....

[energiser01] 22/12/2010 09:25

NAV now around 91p, share price starting to respond.

dyor etc..

[energiser01] 20/12/2010 10:54

NAV still rising steadily in the background upto 90p now.

Top 5 holding share price movement since the 10th Dec.

Coalspur (11.7%) +1.18%
Rialto (5.9%) +6.76%
Rockhopper (5.4%)+5.66%
Bahamas Pet(5.4%)+38.2%
Crescent Pt (5.2%)+1.2%

SP overdue a tick up to around 74-76p range I would estimate based my model.

dyor etc..

[energiser01] 17/12/2010 11:37

NAV rebased following todays RNS now coming out in model at 88p+

dyor etc..

[energiser01] 16/12/2010 17:37

one of the trusts holdings

DEC 16, 2010 - 11:33 ET

WesternZagros Confirms Oil Column at Kurdamir-1 Well and Announces Increase in Contingent and Prospective Resources


CALGARY, ALBERTA--(Marketwire - Dec. 16, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") is pleased to announce successful test results at the Kurdamir-1 well, which proves the existence of an oil column in the Oligocene reservoir. Sproule International Limited. ("Sproule") has completed an independent audit which confirms a 327 metre combined gas and oil hydrocarbon column in the Oligocene. Consequently, the Company's best estimate of gross contingent gas and condensate resources has increased to 850 billion cubic feet (BCF) and 33 million barrels (MMBBL), respectively, as of December 14, 2010. WesternZagros' best estimate of gross unrisked prospective oil resources has increased to 260 MMBBL as of December 14, 2010 and our best estimate of gross contingent oil resources is 6.5 MMBBL. Tables 1 and 2, below, provide the range of estimates. These resource estimates do not include the Upper Aaliji, Shiranish and Kometan or Cretaceous reservoir intervals penetrated, but not evaluated, during the drilling of Kurdamir-1, where WesternZagros believes there is additional oil potential.

dyor etc.

[energiser01] 09/12/2010 18:15

NAV now 87p+ and still rising. share price discount up to nearly 20p again.

dyor etc..

[energiser01] 03/12/2010 09:30

NAV now just under 86p

dyor etc..

[energiser01] 02/12/2010 12:35

Rebased following overnight changes and rns confirming NAV on 26th, now gives a figure just under 85p for NAV

With widening discount between share price and NAV, shares/subs could be due another catchup if can end the week on a positive note.

dyor. etc...

[energiser01] 30/11/2010 08:42

NAV upto around 82p at present.

Coalspur continuing its strong run up 32% since the 19/11th.

dyor etc.

[energiser01] 25/11/2010 09:20

NAV confirmed from rns as 79p on the 19th, rebasing model gives current NAV around 81p.

dyor etc...

[energiser01] 23/11/2010 09:03

NAV now just over 80p+
Coalspur up 20% since the 12th, continueing its strong run.

Bid for Western Coal helping to underline the value in Coalspur.

dyor etc..

[energiser01] 19/11/2010 09:39

NAV up around 79p now by my calcs, NCIM confirmed was 78p on 12/11/11 as per rns on 17th.

SP has dropped back a bit so discount in increasing, this could be due another run up in next few days, if market holds steady.

dyor etc..

[energiser01] 09/11/2010 11:40

NAV still climbing on a daily basis (not quite as spectacular as GCL/GCLS) but very steady. My model has it at around 77p now. So share price still at a significant discount despite recent run up.

dyor etc.

[energiser01] 07/11/2010 11:38

NAV now coming out nearer 75.5p.

Best performers since 29th oct

Westermzagros +39%
Exco Resources +23.7%
Eaglewood Energy +18.75%
Caledonian +18.31%
Petroceltic +13.96%
Meo Aust +10.64%
No others over +10%

Worst performers

CoaL of Africa -17.7%
No others over -10%

Does not consider any currency changes of portfolio chnages thatI'm not aware of for any reason. Just an estimate to provide guidance, an indicator of which way NAV is heading.

dyor etc....

[energiser01] 03/11/2010 12:05

I estimate NAV now just under 75p.

Coalspur the best improver +25% since 22nd october.

dyor etc...