Helium Ventures Share Discussion Threads

[sweet cherry pie] 10/2/2005 09:58

14p first stop....then 50p +....

[demetri] 10/2/2005 09:03

Sounds like a lot of cash will be spent on these jv's, for your sakes, let's hope it all comes to something.

[dafad] 10/2/2005 07:27

or "the Company") is pleased to announce that
it has entered into an agreement with Magellan Petroleum (N.T.) PTY Limited
("Magellan") to acquire a 10 per cent. interest in a UK onshore hydrocarbon
licence PEDL 155, located in southern England.


Under the terms of the agreement Hereward will fund 20 per cent. of the first
well on the licence. In addition the Company will fund a proportion of
Magellan's share of all other joint venture approved expenditure on this
licence.


As a result of this acquisition the current equity held by the licence group
will be the Operator, NP Weald Limited 50, Magellan 40 and Hereward 10 per cent.
respectively.


The acquisition of this interest is of strategic importance to Hereward in
respect of its location on the southern flank of the Weald Basin being situated
along the highly prospective trend of producing fields from Storrington and
Singleton in the east to Horndean and Stockbridge in the west. In addition PEDL
155 is contiguous to the southern boundary of PEDL 126 and the eastern boundary
of PEDL 099 in which Hereward currently holds interests in both.


Four prospects extending into PEDL 155, Leigh Park, Potwell, Hermitage and
Walterton, all with potential significant reserves in the Great Oolite have been
developed on these licences. Work is progressing to obtain leases over suitable
drill sites prior to submission of applications for planning consent. The
acquisition of this interest further consolidates the Company's position in this
considered core area of the Weald Basin. Exploration along this trend continues
to provide discoveries as demonstrated by the Avington discovery during 2004.


Hereward has been particularly active in expanding its hydrocarbon acreage
onshore UK and now holds interests in 11 licence areas. During 2005 the Company
expects to participate in the drilling of up to seven wells including the
Sandhills-2 appraisal and Bouldnor Copse-1 exploration wells planned to be
drilled on the Isle of Wight during early 2005 and Hedge End-1 in Hampshire
where an application for planning consent for drilling has recently been lodged.





Enquiries:


David Bramhill Laurence Read / Leesa Peters
Hereward Ventures plc Conduit PR
[phone] [phone]
[phone] [phone]
[e-mail] [e-mail]





Westhouse Securities LLP
Tim Feather / Bill Staple
[phone]
[e-mail]




This information is provided by RNS
The company news service from the London Stock Exchange
END

[arpowell99] 09/2/2005 14:36

Still, more exciting than CMR eh?

I guess the price will still rise 0.5-1p just on news that NOP is commencing drilling - oil explorers usually do.
Am I right in thinking that HEVs gold resource, although smaller, seems a much easier deposit to mine than say CMRs?
Will the JV deal mean they will give it away for a small amount of cash but retain a % royalty?
Anyone care to share back of an envelope numbers for the oil (is 3p on the share price per 10m barrels too optimistic?).
How many bopd will these small operators realistically acheive. Also I suppose there is not much chance of being brought by a larger player even if they find oil at the top end of their hopes.

[demetri] 09/2/2005 14:10

and still no rise. all news could be factored in cp, what do you think?

[currypasty] 09/2/2005 13:45

Steady buying all day, WINS on the BID, just KBC on the ASK

[mikehardman] 09/2/2005 11:27

added @~6.25p

[sweet cherry pie] 09/2/2005 11:26

from oil barrel.

09.02.2005
Hereward Signs Up For Another Great Oolite Adventure Onshore UK
Bristol-based Hereward Ventures has made another demonstration of commitment to fellow British explorer Northern Petroleum's geological know-how of the Great Oolite reservoirs of southern England. Under the terms of an agreement struck with Magellan Petroleum, Hereward will earn a 10 per cent stake in the Northern-operated onshore UK licences PEDL 125 and 126 in southern England by funding 20 per cent of the costs of a first well on each licence. Hereward will also fund a proportion of Magellan's future costs on the licences. Following the farm-in, the licence group will comprise operator Northern Petroleum with 50 per cent, Magellan with 40 per cent and Hereward with 10 per cent.

Licences 125 and 126 lie on the southern flank of the Weald Basin, which has yielded discoveries in the Great Oolite reservoir in the Humbly Grove, Horndean, Stockbridge, Storrington and Singleton oilfields. The partners have already submitted a planning application for the Hedge End-2 well site, which will test a 1988 oil discovery. Hedge End-1, drilled entirely above the oil-water contact, was cored and logged but not tested, which Hereward attributes to the well's poor core recovery and the prevailing oil market conditions at the time.

Using its new geological interpretation of Great Oolite formations in the Weald Basin, Northern reckons Hedge End-1 could hold between 50 and 125 million barrels of oil in place. Should Hedge End-2 prove successful, Hereward's 10 per cent stake could prove a nice little earner.

However, as always in the oil business, the proof will lie with the drillbit. The Great Oolite is a notoriously complex formation and recovery rates could be a real deal-breaker. The imminent drilling of the Sandhills-2 and Bouldnor Copse-1 wells on the Isle of Wight will be seen as a real test of Northern's geological interpretation. Hereward has a 7.5 per cent stake in Sandhills-2 and 10 per cent of Bouldnor Copse-1. Together they could represent a 20 million barrel recoverable oil payload net to Hereward - if they come in.

That may be a big if but Hereward is no longer a pure southern England play having diversified last month into the Cleveland Basin of North Yorkshire in the north of the country. Hereward will earn a 15 per cent stake in PEDL 068 in the Cleveland Basin, an area with more than a century of oil activity behind it, by funding 30 per cent of two planned wells in the gas-prone licence, which is held by Sterling Resources and onshore exploration specialist Egdon Resources. Existing 2D seismic data points to two drillable prospects: Kirkleatham with estimated reserves of 47 billion cubic feet of gas and Westerdale (Ralph Cross) with 49 bcf. Both wells have planning permission and will be drilled later this year.

It's all adding up to a busy 2005 for AIM-quoted Hereward, which plans to sell off its Eastern European gold mining business in order to focus on its oil and gas activities. It now holds interests in ten licences onshore UK and looks set to fulfil its ambition of participating in at least five wells this year. And, according to managing director David Bramhill, further onshore UK acquisitions are on the cards.

www.oilbarrel.com

[sweet cherry pie] 09/2/2005 11:20

from oil barrel.

09.02.2005
Hereward Signs Up For Another Great Oolite Adventure Onshore UK
Bristol-based Hereward Ventures has made another demonstration of commitment to fellow British explorer Northern Petroleum's geological know-how of the Great Oolite reservoirs of southern England. Under the terms of an agreement struck with Magellan Petroleum, Hereward will earn a 10 per cent stake in the Northern-operated onshore UK licences PEDL 125 and 126 in southern England by funding 20 per cent of the costs of a first well on each licence. Hereward will also fund a proportion of Magellan's future costs on the licences. Following the farm-in, the licence group will comprise operator Northern Petroleum with 50 per cent, Magellan with 40 per cent and Hereward with 10 per cent.

Licences 125 and 126 lie on the southern flank of the Weald Basin, which has yielded discoveries in the Great Oolite reservoir in the Humbly Grove, Horndean, Stockbridge, Storrington and Singleton oilfields. The partners have already submitted a planning application for the Hedge End-2 well site, which will test a 1988 oil discovery. Hedge End-1, drilled entirely above the oil-water contact, was cored and logged but not tested, which Hereward attributes to the well's poor core recovery and the prevailing oil market conditions at the time.

Using its new geological interpretation of Great Oolite formations in the Weald Basin, Northern reckons Hedge End-1 could hold between 50 and 125 million barrels of oil in place. Should Hedge End-2 prove successful, Hereward's 10 per cent stake could prove a nice little earner.

However, as always in the oil business, the proof will lie with the drillbit. The Great Oolite is a notoriously complex formation and recovery rates could be a real deal-breaker. The imminent drilling of the Sandhills-2 and Bouldnor Copse-1 wells on the Isle of Wight will be seen as a real test of Northern's geological interpretation. Hereward has a 7.5 per cent stake in Sandhills-2 and 10 per cent of Bouldnor Copse-1. Together they could represent a 20 million barrel recoverable oil payload net to Hereward - if they come in.

That may be a big if but Hereward is no longer a pure southern England play having diversified last month into the Cleveland Basin of North Yorkshire in the north of the country. Hereward will earn a 15 per cent stake in PEDL 068 in the Cleveland Basin, an area with more than a century of oil activity behind it, by funding 30 per cent of two planned wells in the gas-prone licence, which is held by Sterling Resources and onshore exploration specialist Egdon Resources. Existing 2D seismic data points to two drillable prospects: Kirkleatham with estimated reserves of 47 billion cubic feet of gas and Westerdale (Ralph Cross) with 49 bcf. Both wells have planning permission and will be drilled later this year.

It's all adding up to a busy 2005 for AIM-quoted Hereward, which plans to sell off its Eastern European gold mining business in order to focus on its oil and gas activities. It now holds interests in ten licences onshore UK and looks set to fulfil its ambition of participating in at least five wells this year. And, according to managing director David Bramhill, further onshore UK acquisitions are on the cards.

www.oilbarrel.com

[sweet cherry pie] 09/2/2005 11:15

from oil barrel.

09.02.2005
Hereward Signs Up For Another Great Oolite Adventure Onshore UK
Bristol-based Hereward Ventures has made another demonstration of commitment to fellow British explorer Northern Petroleum's geological know-how of the Great Oolite reservoirs of southern England. Under the terms of an agreement struck with Magellan Petroleum, Hereward will earn a 10 per cent stake in the Northern-operated onshore UK licences PEDL 125 and 126 in southern England by funding 20 per cent of the costs of a first well on each licence. Hereward will also fund a proportion of Magellan's future costs on the licences. Following the farm-in, the licence group will comprise operator Northern Petroleum with 50 per cent, Magellan with 40 per cent and Hereward with 10 per cent.

Licences 125 and 126 lie on the southern flank of the Weald Basin, which has yielded discoveries in the Great Oolite reservoir in the Humbly Grove, Horndean, Stockbridge, Storrington and Singleton oilfields. The partners have already submitted a planning application for the Hedge End-2 well site, which will test a 1988 oil discovery. Hedge End-1, drilled entirely above the oil-water contact, was cored and logged but not tested, which Hereward attributes to the well's poor core recovery and the prevailing oil market conditions at the time.

Using its new geological interpretation of Great Oolite formations in the Weald Basin, Northern reckons Hedge End-1 could hold between 50 and 125 million barrels of oil in place. Should Hedge End-2 prove successful, Hereward's 10 per cent stake could prove a nice little earner.

However, as always in the oil business, the proof will lie with the drillbit. The Great Oolite is a notoriously complex formation and recovery rates could be a real deal-breaker. The imminent drilling of the Sandhills-2 and Bouldnor Copse-1 wells on the Isle of Wight will be seen as a real test of Northern's geological interpretation. Hereward has a 7.5 per cent stake in Sandhills-2 and 10 per cent of Bouldnor Copse-1. Together they could represent a 20 million barrel recoverable oil payload net to Hereward - if they come in.

That may be a big if but Hereward is no longer a pure southern England play having diversified last month into the Cleveland Basin of North Yorkshire in the north of the country. Hereward will earn a 15 per cent stake in PEDL 068 in the Cleveland Basin, an area with more than a century of oil activity behind it, by funding 30 per cent of two planned wells in the gas-prone licence, which is held by Sterling Resources and onshore exploration specialist Egdon Resources. Existing 2D seismic data points to two drillable prospects: Kirkleatham with estimated reserves of 47 billion cubic feet of gas and Westerdale (Ralph Cross) with 49 bcf. Both wells have planning permission and will be drilled later this year.

It's all adding up to a busy 2005 for AIM-quoted Hereward, which plans to sell off its Eastern European gold mining business in order to focus on its oil and gas activities. It now holds interests in ten licences onshore UK and looks set to fulfil its ambition of participating in at least five wells this year. And, according to managing director David Bramhill, further onshore UK acquisitions are on the cards.

www.oilbarrel.com

[demetri] 09/2/2005 11:06

with good upside potential .............POTENTIAL being the key word!

[sweet cherry pie] 09/2/2005 11:05

CURRYPASTY - 10p ?

Please stop selling out far too early....

[sweet cherry pie] 09/2/2005 11:04

Managing Director, David Bramhill, commented today "We have during the past year
adopted an aggressive acquisition strategy in regard to building our exploration
portfolio of UK onshore assets. Many of our acquisitions have been focused on
buying into drill ready prospects with good upside potential for future
discoveries in a low cost environment. Our stated aim of being involved in the
drilling of at least five wells during 2005 looks to be readily achievable and
further UK onshore acquisitions are planned in the near future".

[currypasty] 09/2/2005 09:31

It looks like HEV are making a determined effort to give a steady stream of news, tips, and press comment (in house or not !), and with the start of drilling in IoW shortly (come on NOP), and sale of Gold mining business soon (get that deal CLOSED!!!), i can see 10p medium term !

[canford cliffs] 09/2/2005 09:22

not a bad article for £50K...............lol

[bionicdog] 09/2/2005 07:53

from oil barrel.

09.02.2005
Hereward Signs Up For Another Great Oolite Adventure Onshore UK
Bristol-based Hereward Ventures has made another demonstration of commitment to fellow British explorer Northern Petroleum's geological know-how of the Great Oolite reservoirs of southern England. Under the terms of an agreement struck with Magellan Petroleum, Hereward will earn a 10 per cent stake in the Northern-operated onshore UK licences PEDL 125 and 126 in southern England by funding 20 per cent of the costs of a first well on each licence. Hereward will also fund a proportion of Magellan's future costs on the licences. Following the farm-in, the licence group will comprise operator Northern Petroleum with 50 per cent, Magellan with 40 per cent and Hereward with 10 per cent.

Licences 125 and 126 lie on the southern flank of the Weald Basin, which has yielded discoveries in the Great Oolite reservoir in the Humbly Grove, Horndean, Stockbridge, Storrington and Singleton oilfields. The partners have already submitted a planning application for the Hedge End-2 well site, which will test a 1988 oil discovery. Hedge End-1, drilled entirely above the oil-water contact, was cored and logged but not tested, which Hereward attributes to the well's poor core recovery and the prevailing oil market conditions at the time.

Using its new geological interpretation of Great Oolite formations in the Weald Basin, Northern reckons Hedge End-1 could hold between 50 and 125 million barrels of oil in place. Should Hedge End-2 prove successful, Hereward's 10 per cent stake could prove a nice little earner.

However, as always in the oil business, the proof will lie with the drillbit. The Great Oolite is a notoriously complex formation and recovery rates could be a real deal-breaker. The imminent drilling of the Sandhills-2 and Bouldnor Copse-1 wells on the Isle of Wight will be seen as a real test of Northern's geological interpretation. Hereward has a 7.5 per cent stake in Sandhills-2 and 10 per cent of Bouldnor Copse-1. Together they could represent a 20 million barrel recoverable oil payload net to Hereward - if they come in.

That may be a big if but Hereward is no longer a pure southern England play having diversified last month into the Cleveland Basin of North Yorkshire in the north of the country. Hereward will earn a 15 per cent stake in PEDL 068 in the Cleveland Basin, an area with more than a century of oil activity behind it, by funding 30 per cent of two planned wells in the gas-prone licence, which is held by Sterling Resources and onshore exploration specialist Egdon Resources. Existing 2D seismic data points to two drillable prospects: Kirkleatham with estimated reserves of 47 billion cubic feet of gas and Westerdale (Ralph Cross) with 49 bcf. Both wells have planning permission and will be drilled later this year.

It's all adding up to a busy 2005 for AIM-quoted Hereward, which plans to sell off its Eastern European gold mining business in order to focus on its oil and gas activities. It now holds interests in ten licences onshore UK and looks set to fulfil its ambition of participating in at least five wells this year. And, according to managing director David Bramhill, further onshore UK acquisitions are on the cards.

[demetri] 08/2/2005 12:00

Also, could the jv/spin off be currently priced into the share price?

[demetri] 08/2/2005 11:57

curry,

what sort of short term upside are you anticipating 1-2p?

[currypasty] 08/2/2005 11:46

people still buying, despite WINS hopping from 6p BID to 6.25 ASK

[demetri] 08/2/2005 09:05

6p on the bid, can't see it? I will be a buyer if the price remains at these levels until at least Friday, historically it retraces as you all know.

[currypasty] 08/2/2005 08:05

Oh look 6p on the BID

any sign of demetris buy yet ?

[corrientes] 08/2/2005 07:44

More onshore acquisitions expected in South of England in next couple of weeks ?

[sharecropper] 08/2/2005 07:25

Hey Curry - that news is like I have been inferring! I am now in South Africa myself (for a month), but have only intermittent internet access. I'm enjoying this modest rise, and CIR's meteoric one! Best regards, Sharecropper.

[corrientes] 07/2/2005 17:46

Lots of small percentage interests all over the place, should mean a bigger chance of a hit. This will at least support the price. The placement raised a fair bit, so maybe we can look forward to a monotomous ascent now. That would be so typical,backed up by some good news on mining in South East Europe.Maybe they could even take an interest in housebuilding in flavour of the month Roumania, Bugaria,Serbia etc- they've been there long enough. Wouldn't put it past them.Gosh, I'm beginning to think of this as a pension fund candidate.No, I'd better wake up.