Anzon Energy Share Discussion Threads

[stephenwilson] 27/7/2007 16:25

Dont know about T.O. but they should be producing 24000bbls of oil a day from this field(about 6000 net to AEL.) But through underperformance/mishaps they are currenly down to about 800bbls net to AEL. Thats why the share price is down. Great potential but not yet acheived.

[stuart14] 27/7/2007 16:09

Hi guys.

New here. Is the above data correct? MCAP £60million, turn-over £50 million?

[scubbler2] 27/7/2007 15:15

Wake up MarkF - the s/price is falling!!

[markfrankie] 26/7/2007 15:00

SNOOOZZZZZZzzzzz

[scubbler2] 16/7/2007 21:58

Anyone interested in SPM systems could look at www.bluewater.com/products - also has a fairly interesting video - apologies if posted before.

[bomfin] 16/7/2007 08:11

NXS announcement today states the Ecucha Schoals well won't be until end August early September. Earlier they had stated July. Market still liked the news with NXS up 12.5 cents in Australia last night.

[bomfin] 14/7/2007 23:15

20 miles west of Ecucha is the giant Ichthys gas field. With nearly 1.8 billion boe reserves. Ecucha appraisal is due to spud anytime now. imho

[bomfin] 14/7/2007 17:33

Anyone any thoughts on the upcoming Nexus well?

[hermana] 14/7/2007 15:25

goscar,go short then.

[goscar] 14/7/2007 15:22

herm,
After the HH failure I expect PVR to plummet like CART.

[hermana] 14/7/2007 14:16

goscar,Rob only has a few and PVR will rise like a Phoenix after HH....

[goscar] 14/7/2007 14:12

Herm,
I predict that the world will fall out of ROFL´s bottom following the PVR crash.

[hermana] 14/7/2007 13:50

goscar,predicting share price in future is only a guessing game.

[goscar] 14/7/2007 13:46

I just cannot understand this share price as Zengas told us a quid by last Christmas which I took as gospel although he did mention four quid for PANR so he might be losing his touch somewhat.

[bomfin] 13/7/2007 13:46

Well!

I'm happy to be in for the Nexus well being drilled by Shell shortly. Possible is a 1 billion boe field with AEL share being at least 3%. imho dyor

[bomfin] 12/7/2007 10:56

Basker in 200 metres water.

40 million barrels oil. Tie back should be an option. That could get the oil and the gas sorted!! Not surprised they havn't gone with the gas deal to Tasmania. Makes sense to send it to the Mainland. imho dyor

[ed 123] 12/7/2007 10:06

Another 29,340 sell at 55p has been printed. Why are some people still selling?

Some of the apparent sells are probably buys, eg. 25,000 at 56.75p. Why are the MMs letting people buy stock so cheaply?

I lost a few bob on this, so I'm just watching for now.

[bomfin] 12/7/2007 10:05

Looking at Nexus.

Nexus are about to drill the Ecuchaca Shoals 2 appraisal well. Shell are drilling the well to gain a 34% interest. The prize is a potential 1 billion boe or 660 million boe net to Nexus. Well! apart from 'I should have been invested in Nexus' AEL's share of that would be at least 5%. So AEL will be in a well coming up shortly with potentially 33 million boe at stake net to them.

All imho dyor

[wassapper] 12/7/2007 09:17

Comment on the latest news by Fox-Davies Capital in their Daily Monitor at

Oil & Gas Corporate News
Anzon Energy (AEL LN, 57.5p, down 5.7%) announced that production at the Basker-Manta-Gummy project off the southeast coast will be cut by more than half through August 2007 because of damage to equipment at the field. Output at the project, which averaged about 10,000bopd in 2Q07, will be about 3,000bopd until the mooring system for the Basker Spirit shuttle tanker is repaired in the second half of August.

[bomfin] 12/7/2007 08:53

Ael is certainly not flying!

full marks for observation:-)

[jonno1] 12/7/2007 08:49

well its hardly flying is it?

[bomfin] 12/7/2007 08:39

EXUS TO RAISE UP TO A$93 MILLION
VIA PLACEMENT @ $1.35 PER SHARE
FPSO OPTION SECURED FOR CRUX
KEY POINTS
��
A$35 million placement has been completed and funds received from FPSO owner Viking Shipping Limited ("Viking") – Tranche 1
��
Nexus has agreed to enter into an exclusive arrangement with a Viking subsidiary for the supply of a FPSO for Crux under an Option Agreement, upon completion of a further A$58 million placement to Viking before the end of July 2007 – Tranche 2
��
Both tranches are priced at A$1.35 per share, a premium of 9% over the last five days of trading on ASX
��
The FPSO option will provide a fully termed proposal on attractive lease rental terms for the Crux liquids project
Nexus Energy Limited ("Nexus") has completed the first tranche placement of new shares to Viking Shipping Limited ("Viking") raising A$35 million at A$1.35 per share. Viking may also subscribe for a further placement of A$58 million at A$1.35 per share by the end of July 2007 to obtain an exclusive arrangement for the supply of a Floating Storage Production and Offloading ("FPSO") facility for the Crux liquids project pursuant to a Floating Production Facility Option Agreement ("Option Agreement") between Nexus and a subsidiary of Viking.
Nexus has issued 25.9 million ordinary shares for the tranche 1 placement and subject to completion of the second tranche will issue a further 42.8 million ordinary shares for the tranche 2 placement. The completion of both tranches will result in the total issue of 68.7 million ordinary shares, being the equivalent of 15% of Nexus' prior existing issued capital.
Under the Option Agreement, Vanguard Oil and Gas International ("Vanguard"), a subsidiary of Viking, will provide Nexus with a leased FPSO on pre-agreed terms based on a transparent calculation of lease rates for deployment on the Crux liquids project.
The proceeds from the placement will be used to fund the further development of the Crux and Longtom projects. Nexus will benefit from the injection of capital on 'better than market' terms as well as an option to secure a fully termed proposal for the development of Crux by the end of the third quarter of 2007.
In addition, Nexus expects to develop a strategic relationship with Viking, a company with extensive experience and relationships in the shipping business.
Vanguard has previous Australian FPSO experience and with the financial support from its parent (Viking) and is expected to assist Nexus in maximising the value from the highly prospective Crux liquids project. Vanguard is in the process of purchasing up to three vessels for FPSO deployment in a range of oil field development applications.
PAGE 1 OF 3
For personal use only

[bomfin] 12/7/2007 08:15

Nexus is flying and the agreement with the FPSO company where they bought into Nexus suggests that Crux is a goer. Net reserves to AEL of about 3 million boe. imho dyor

Point is! The value of AZA's Nexus shares gives AZA plenty time to resolve BMG problems. imho dyor

[jonno1] 12/7/2007 08:12

very small top up for me