Unigel Share Discussion Threads

[wstirrup] 21/9/2012 11:01

Well the off-shore débacle of Chariot has no doubt dampened enthusiasm here too...

[wstirrup] 07/9/2010 19:18

NEWS - Aug 16, 2010

Universal Granted Extension for First Phase of Work Program on Petroleum Exploration License 2815..

Calgary, Alberta, Canada – August 16, 2010 Universal Power Corp. (TSXV:UNX) ("Universal" or the "Company") today announced the Ministry of Mines and Energy of the Republic of Namibia ("MME") has granted an extension for the first phase of the Company's work program on Petroleum Exploration License ("PEL") 2815 (constituting offshore Blocks 2815, 2816, and 2915). The extension is for a one-year period and expires September 22, 2011.

"Since taking over operatorship of PEL 2815 late last year, we have made significant progress in confirming the prospectivity of the three blocks within the license area," said Mr. Gabriel Ollivier, CEO of Universal Power Corp. "We presented our most recent technical findings to the MME during our last two Technical Advisory Committee ("TAC") meetings, and we will now proceed with the next phase of investigation, including seismic acquisition and other regional and lease-specific work. We remain committed in working with our Namibian partners in accelerating the discovery of crude oil reserves in the country, thereby fostering regional energy independence and strong and sustainable economic growth. By granting the extension to our work program, the MME continues to show confidence in our abilities and overriding objective of growing the Company alongside Namibia's emerging oil and gas sector." As part of the extended first phase work program, Universal plans to proceed with technical evaluation on PEL 2815, consisting of existing 2D seismic interpretation, construction of a 3D compositional petroleum model and mapping of prospects, leading to defining the specific area in which to acquire a new 3D seismic survey. Once mapped, Universal will commission an independent third-party resource evaluation on the three blocks.

[wstirrup] 07/9/2010 19:11

UNX Energy Corp. is a junior, independent oil and gas company, focused on exploration for crude oil in offshore Namibia, Africa. Headquartered in Calgary, Alberta, Canada, UNX's asset base consists of approximately 51,000 square kilometres (approximately 32,000 net) of offshore acreage, strategically located along the prolific South Atlantic Margin. Development of these highly prospective blocks is being advanced by an experienced management team, qualified technical staff and strong in-country relationships. UNX employs strategic technical expertise to optimize the probability of exploration success in the region. UNX is committed to conducting its business in a socially and environmentally responsible manner, ultimately working towards the goal of sustainable development in Namibia's oil and gas sector for the benefit of all stakeholders.

[yikyak] 11/7/2007 11:53

DBank report (May) A$3.00 target

[mr ashley james] 05/7/2007 07:41

Nice move by Uranex NL ASX:UNX Overnight.

[yikyak] 14/2/2007 13:51

Trading halt on UNX, hmmmmm

[mr ashley james] 08/1/2007 02:03

The Sunday Times January 07, 2007


Metals tipped to shine in 2007
Commodities have soared for five years, but you may have to tread more carefully in 2007. Philip Scott offers some advice


COMMODITIES shone bright in 2006, posting their fifth year of gains, and many analysts expect the bull run to continue as demand from emerging economies, such as China, drives prices higher. But investors will need to be more picky about which commodities they back.
Zinc took the top spot among the metals in 2006, with a gain of 137%, followed by copper at 83% and nickel up 65%, according to Barclays Capital, the investment bank.



Agricultural commodities also posted strong gains as scorching summer temperatures and growing demand for biofuels pushed prices higher. Orange juice finished the year at a 10-year high, corn soared more than 80% and soybean commodities were up 140% Funds investing in companies that mine commodities, such as Rio Tinto and BHP Billiton, have also boomed. The average investment trust in the sector has surged 33% over 12 months and 380% over five years.

After this strong run, some advisers say investors should not expect such a good year in 2007. The global economy is expected to slow, led by the US, meaning demand for some commodities is likely to drop.

Copper, one of last year's star performers, has already had a tricky start to the year. It fell below $6,000 a tonne for the first time in nine months last week, and is down 10% since January 1.

Oil also fell sharply, with prices in London and New York dropping below $56 a barrel for the first time since 2005.

But even if the next 12 months are not as spectacular as 2006, many analysts think double-digit returns are still on the cards. Kevin Norrish at Barclays Capital said: "We expect 2007 to be another strong one for commodity prices. Nevertheless, overall percentage gains are unlikely to match those made in 2006."

Barclays Capital expects zinc and nickel to post the biggest price gains. Stocks of both metals are low, so demand is likely to outstrip supply.

Other strategists predict some of the less well-known commodities will be winners in 2007. Ian Henderson at JP Morgan Asset Management favours platinum. Although its price has already shot up, doubling in the past five years to about $1,130 an ounce, he expects excellent returns.

Platinum is used in catalytic converters, which are fitted to all new cars across the developed world to reduce toxic emissions. US legislation, which came into force on January 1, means they will be installed in all new trucks in America as well.

Leading platinum producers listed on the London stock market include Lonmin and Aquarius Platinum.

Uranium, needed for nuclear power, is also hotly tipped. As with most commodities, China will be one of the main sources of demand. It has nine nuclear reactors, and another six will soon be up and running.

Some of the agricultural commodities, or softs, are also expected to have a good year. Corn is in high demand because of its use in the production of ethanol, an alternative fuel. In Brazil half of all cars run on ethanol.

The British government wants 5% of all fuel sales to be biofuels by 2010 - a twentyfold increase on today's levels.

Cotton is also being tipped because China is importing large amounts for its burgeoning textile industry.

The commodity market is not for the faint-hearted. It should account for only a small portion of your portfolio - about 5% - because the risks are high.

The easiest way to get exposure to the market is through a fund. Mark Dampier of Hargreaves Lansdown, an adviser, recommends First State Global Resources, JP Morgan Natural Resources and the Blackrock Merrill Lynch Gold & General fund. Commodity investment trusts include Merrill Lynch Commodities and Merrill Lynch World Mining.

Exchange-traded funds can give you exposure to individual commodities. Etfsecurities.com offers a number of commodity-based products including corn, cotton, nickel and zinc funds. There is no platinum-based ETF, but there are rumours one is about to be launched. The best way to tap into uranium is to buy Urasia Energy, listed in London.

[mr ashley james] 08/1/2007 01:28

Yikyak,

We appear to be getting a meaningful bounce from that AU$1.45/AU$1.485 level as I expected.

Uranium is seriously hot Down Under, no wonder I am amazed Aussie Government looking to have Nuclear Power Stations.

I simply can not see too much downside in this sector currently.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 04/1/2007 19:36

Yikyak,

Because Wave I extends my gut feeling is a double bottom on AU$1.485 is likely.

You might see the intraday gap to AU$1.40 filled but realistically with the level of bullish Uranium sentiment in Australia, with China building so many Nuclear Power plants and Australia talking about building their own 25 plants, and trying to allow Uranium Mining in Western Australia and Queensland, in addition to Northern Territories and South Australia, I just can not see short term below that.

My Doomesday would be AU$1.075 assuming Wave III extension, but I don't see this as likely short term, I think it is more likely to fill this gap in run up to Tax Loss selling into end of Aussie Tax Year 30th June 2007.

Last Year Uranex NL ASX:UNX had a pretty significant run from AU$0.20 ish January 2006 to AU$1.33 in April 2006.

This Macro Wave I is likely to provide long term underlying support IMHO.

Out of interest a 38.20% Fibonacci Rtracement of AU$0.375 to AU$2.15 comes out around A$1.4725 50.00% around AU$1.2625

If you take the last wave AU$0.975 to AU$2.15 a 61.80% Fibonacci Retracement kicks in at AU$1.425 ish

It still looks to me like a Cup and Handle Formation, ie bullish from this pullback.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 04/1/2007 19:24

Howard Urges Australian States to End Uranium Bans (Update5)

By Gemma Daley

Dec. 29 (Bloomberg) -- Prime Minister John Howard urged Australia's regional governments to end bans on new uranium mines that prevent the nation from tapping soaring demand for the reactor fuel.

The nuclear power boom provided a ``timely opportunity,'' Howard said today, releasing a government report that supported an end to the bans, enrichment of the metal for use in reactors and construction of as many as 25 atomic plants in the country.

Australia, with 40 percent of the world's uranium's reserves, contributes just 23 percent of global output because miners such as BHP Billiton have been prevented from opening new pits. The bans were introduced in 1983 by the Labor Party, which lost office in 1996 to Howard's coalition government. Labor controls all eight state and territory governments and the party's policy will be reconsidered at a conference in April.

``I call upon state governments to end their bans on uranium mining and exploration, which stand in the way of investment, jobs and exports,'' Howard said in a statement e-mailed to Bloomberg News.

Prices for uranium, which is used to power plants that supply 16 percent of the world's electricity, have surged almost fourfold in the past three years. Higher coal, gas and oil prices and pressure to cut greenhouse gas emissions, blamed for global warming, are driving increased use of nuclear power.

...more:

[yikyak] 04/1/2007 10:25

Wouldn't mind getting a few more of these Ash, i'm thinking A$1.40 as the turn point, views?

[mr ashley james] 02/1/2007 09:15

Yikyak,

Yup just back, already hit AU$2.09 last night, I reckon next target chartwise now AU$3.225 because looks like Wave III Extension now.

Nice 10.17% move last night anyway.

All IMHO, BAG, DYOR etc

Cheers

Ash:)

[yikyak] 28/12/2006 11:36

free stock charts from www.advfn.com




Having a nice holiday Ash?

[mr ashley james] 28/12/2006 09:45

Yikyak,

Up another 17.80% on ASX Last night

New Year's Resolution close all UK Positions and move money onto ASX/TSE and JSE.

Enjoy

Cheers

Ash:)

[mr ashley james] 21/12/2006 01:33

Yikyak,

Up another 11.30% on that note I depart London AIM etc for good.

Enjoy Xmas New Year.

Cheers

Ash:)

[yikyak] 20/12/2006 13:00

I agree Ash, I think last night was the start of a powerful and sustained run after the backtest, perhaps even through A$2. We know it's possible with ASX stocks.

[mr ashley james] 20/12/2006 02:21

Yikyak,

Up another 9.18% in Australia



U308 hits US$72.50Lb ie US$159,500 Mt



Afterall if ASX:UNX hit AU$1.33 when U308 in January 2006 was at US$35Lb ie US$77,000 Mt it surely should be hitting AU$2.66 today at least?

Move from here on ASX:UNX could be substantial IMHO

Great ASX Stock to watch at least when it moves it moves!

Happy XMas and New Year

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 13/12/2006 14:10

Yikyak,

Up another 6.38% overnight in Australia.



Cheers

Ash:)

[mr ashley james] 09/12/2006 13:19

Yikyak,

Reviewing CAMECO Presentations on mission to research the sector.

Apparently Cigar lake is 18,000,000 Lbs of U308 per annum design capacity ie roughly 8,181.82 Mt pa



So that really is a pretty serious hole in Global Future supplies and the flooding does seem pretty serious.

There is clearly going to be a race to find somewhere of the order of 32,000 Mt to 42,000 Mt U308 per annum of production capacity.

It is very interesting to see some of the grades at their other part owned deposit McArthur River plant which grades 24% Uranium U308

I am now getting a better picture of the grades we expect to see here, obviously average grades are nearer 0.24%, which at US$62.50 Lb or US$137,500 Mt equates to US$330 per metric Tonne Rock I would have thought high profitable to mine.

Uranium is quite a tough market to study the economics with so much mecanised mining required probably vary immensely from what we are used to in Gold, Silver PGMs Copper other base metals etc.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 09/12/2006 12:50

Yikyak,

I was amazed how tight the supply demand deficit in Uranium was, mine supply is just 60% of Utility Demand, although this Chinese additional demand is incremental into 2012 it does strike me with CAMECO Cigar Lake out of operation due to flooding, that there really is severe pressure on Uranium supplies.

I am posting some data from August 2005 on supply/demand economics of the sector from UIC in Australia.

"Present world mine output (around 48,000 t U3O8) is little more than half the level of consumption by utilities (80,000 t). The balance comes from inventories held by utilities, recycled material, and substantial amounts fed into the civil cycle from diluted ex-military material."

I think I am right to say you can only obtain licences to mine Uranium in Northern Territories and South Australia.

Take a look and tell me your thoughts.

All IMHO, NAG, DYOR etc

Cheers

Ash:)



The Economics of Australian Uranium Mining

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Australian uranium production in 2004-05 was 10,964 tonnes of U3O8, accounting for 22% of world production. This provided exports of A$ 475 million.

With world demand increasing very slowly, albeit steadily and reliably, there is scope for increase in Australian production and export revenue.

--------------------------------------------------------------------------------
In 1994 a major study was undertaken to assess the potential contribution to Australia of an expanded uranium mining industry. The study identified the economic cost to Australia of continuing with the 1984 "three mines policy", which restricted production to two mines: Ranger and Olympic Dam.
Australia has about 30% of the world's low-cost uranium resources but in 1996 only produced about 14% of mine output. This has since increased to 19%. Canada has expanded its production to more than 30% of the world mine output*, on a lower resource base.

* with the temporary exception of 1999, due to preparation for new mine production.

Australia exports all of its uranium production, and in 2002-03 this was worth A$ 475 million in direct export revenue, and perhaps twice as much to the economy. Production and exports are increasing. See also UIC breifing paper # 1.

PROJECTIONS OF DEMAND AND SUPPLY

Present world mine output (around 48,000 t U3O8) is little more than half the level of consumption by utilities (80,000 t). The balance comes from inventories held by utilities, recycled material, and substantial amounts fed into the civil cycle from diluted ex-military material.

All scenarios assume that utility stockpiles will be substantially depleted in the next few years. Recycled material (U & Pu) from reprocessing is not expected to increase markedly, or make a major impact in the market. However, some uncertainty remains about the rate at which Russian (and later, US) military uranium will come on the market. This is high-enriched (often weapons-grade) uranium which is diluted 25:1 to 30:1 with depleted uranium or similar material to bring it to reactor-grade.

The other market factor, as with any mineral commodity, is the rate at which new low-cost producers come into the market. This includes particularly low-cost producers in Russia, Uzbekistan and especially Kazakhstan.

Prices in the medium term are greatly influenced by expectations concerning the rate at which Russian military uranium will actually come on to the Western market (despite agreements which limit it) and by the stockpile of natural uranium held by USEC (much of which was supplied against Russian ex-military uranium marketed by USEC ). They are also affected by the new low-cost production capacity in Australia and Canada.

Whereas in the 1994 study spot prices were projected to rise in real terms to almost US$ 16 per pound U3O8 by 2004 if development of further Australian mines was allowed, the price is now almost double this. (After four years of depressed prices, the September 2003 spot price was US$12.20/lb and by August 2005 it had reached $30.)

Conversely, if secondary supplies are constrained there is considerable potential for the price to rise significantly in the medium term. However, where uranium prices differ from many other commodity prices is in their dependence on a very steady and predictable demand. What is less predictable is the non-mine portion of the supply.

PROJECTIONS OF AUSTRALIAN OUTPUT

While current federal government policy gives mild encouragement to uranium production, Labor Party policy is still equivocal and there are on record threats to close down any developments which are not actually in production if a Labor government is returned. In addition, several state governments oppose uranium development. This is a disincentive to exploration and development here. Accordingly some Australian companies prefer to pursue uranium opportunities offshore, which reduces the medium-term prospects for Australian output.

This uncertainty is occurring as Canadian producers, who are vigorously expanding their production capacity, lock buyers into long-term contracts which will constrain the market for the next decade or more.

Australian production has risen from 4377 tonnes U3O8 in 1995 to 10,964 tonnes in 2004-05. Current annual capacity is some 11,000 tonnes. BHP Billiton plans to triple the uranium output from Olympic Dam to 15,000 t/yr by 2010. The timing of Jabiluka's start-up is uncertain, and in any case it will progressively replace Ranger output as that orebody is depleted, so is unlikely to add to the national total before 2010.

The impact on regional economies in the states and the Northern Territory was canvassed in the 1994 study and shown to be very significant, especially for the NT. Generally a multiplier of 2.5 is applied to indicate a mine's economic effects in the broader economy.



--------------------------------------------------------------------------------

Sources
K. Donaldson, ABARE, Uranium Outlook to 2004-05, Australian Commodities 7,1, March 2000.
Access Economics, July 1994, A New Opportunity for Australian Uranium.
OECD-NEA & IAEA, 1998-2002, Uranium Resources, Production and Demand.