Electra Kingsway Vct 3 Share Discussion Threads

[chopsy] 07/7/2010 20:50

Nice new thread, good luck!

[robson1974] 07/7/2010 13:25

thanks for reminding me about that

from the header :-

an illustration of how real world consideration of Management quality and competence impacts upon fictional computer models/dream scenarios :-

the CEO has now been sacked so QED

[themoneymonster2] 07/7/2010 13:24

Time to sell XTR was near the top, not buy at the top and be left locked in!!!

[themoneymonster2] 07/7/2010 13:22

Link to this muppets other thread he started for XTR when the share price was 2.75p, now 1.25p lol

[themoneymonster2] 07/7/2010 13:12

FORMERLY XTR????????????????????????????





































































































































































































ER NO!!!

[robson1974] 07/7/2010 13:04

avocadopear - 7 Jul'10 - 12:41 - 7166 of 7169


A merging of Elko into Xtract would be an interesting exercise in terms of giving us an idea of their relative value.

Ultimately a merger is sensible because it consolidates cash and will massively increase the company's potential upside in the North Sea, but timing is everything (a merger this time last year would have seen far less dilution of Xtr shareholders because of the share price then).

Given that PM has led Elko for so many years - it may be difficult for him, for personal credibility reasons, to argue for a low value on Elko. Does anyone know who the other investors in Elko are?

Would love this merger to only go ahead after some credibility has emerged in Turkey - otherwise the value of our 50% share in Extrem will be highly discounted and we will be diluted somewhat painfully.

Looking forward to some good news from turkey in the next couple of weeks. My guess is that PM will be much more active in giving updates.

avo

[robson1974] 07/7/2010 09:37

Whilst PM > AM and is usually brighter one would personally want to know the full terms of any merger before jumping any guns

[robson1974] 07/7/2010 09:19

Peter Moir President and Chief Executive Officer

Mr Moir has over 30 years upstream industry experience with Shell International, BG Group and as an independent Consultant. He holds a BSc in Civil/Gas Engineering, a MEng in Petroleum Engineering and is a UK Chartered Engineer. He brings a combination of technical, strategic, commercial and operational experience to Elko. His recent senior executive positions include Asset General Manager for the Central North Sea for British Gas (BG Group Plc). Prior to joining Elko, Peter was a senior consultant working on the complex stakeholder management issues of the 10 billion barrel Kashagan oil project in the Caspian Sea.

[robson1974] 07/7/2010 09:15

Netherlands


Current Ownership / Partnership:
Elko (Operator) 60%
Energie Beheer Nederland (Dutch Government Entity) 40% effective

License Summary:
Block P1
Located on the southern margin of the Southern Permian Gas basin and covers approximately 209 sq km
Awarded 27th June 2007
8 exploration wells have been drilled by previous operators on the license

Block P2
Located immediately adjacent to Block P1 and covers an area of approximately 416 sq km
Awarded 21st February 2008
9 exploration wells have been drilled by previous operators on the license

Aims, proposed work program:

Drill and test the first well in 2011

[robson1974] 07/7/2010 09:14

Denmark

Current Ownership / Partnership:
Norwegian Energy Company (Operator) 47%
Elko 33%
Danish North Sea Fund (Danish Government Entity) 20%



License Summary:
Situated up-dip of mature Jurassic source rocks in the Danish Central Graben, (source of major North Sea producing fields)
Awarded 6th October 2005
6-10 year exploration term, 30 year exploitation term
The area consists of a number of structures with exceptionally large prospective resource potential

Aims, commitments and work program:

Test the overall play concept through the first well to be drilled in 2011

[robson1974] 07/7/2010 09:13

Elko Energy's resources


The Netherlands

The Dutch assets are located on Blocks P1 and P2 on the offshore continental shelf. The assets have been independently evaluated by TRACS International in June 2010. TRACS report that the Dutch acreage contains a substantial number of proven discoveries and undrilled exploration prospects. The full TRACS report can be found in the news section of this website.

Contingent Resources: Five confirmed discoveries have been assessed with an un-risked best estimate net attributable hydrocarbon gas to Elko of some 280 billion cubic feet.
Prospective Resources: Six key prospects in the exploration portfolio amount to some 291 billion cubic feet un-risked best estimate net attributable hydrocarbon gas to Elko.



Denmark

The Danish assets are located on license 02/05 on the offshore continental shelf. The assets have been independently evaluated by TRACS International in June 2010. TRACS report that the Danish acreage contains a substantial number of high risk leads which could be charged with either oil or gas. The full TRACS report can be found in the news section of this website.

Elko announced on 31st May 2010, an agreement with the Norwegian Energy Company ASA (Noreco) to farm in to the 02/05 license with a 47% working interest; Elko retaining 33%. This transaction is subject to closing conditions and regulatory approvals typical of transactions of this nature. Upon completion of the farm-in, the total net attributable prospective resources to Elko reported in the CPR, become 3,557 billion cubic feet under a gas scenario, 936 million barrels under an oil scenario.

[robson1974] 07/7/2010 09:13

History

History


Founded in 2005, Elko Energy Inc. is a private company active in oil and gas exploration and development, currently in offshore Denmark and the Netherlands. The company is incorporated in Toronto, Canada.

Since incorporation, Elko has been progressed to a point where the current management have demonstrated their capabilities in gaining access to assets that have the potential to grow the Company substantially, as well as providing stable and profitable future growth opportunities.

It is the management team's ambition to be a leading exploration and production company focused on efficiently transforming resources to reserves whilst maximising returns for shareholders

[robson1974] 07/7/2010 09:10

Elko Energy CPR Reports - 25/06/2010:


DENMARK:


Independent Volumetric Review of Elko Energy's Danish Assets by TRACS International 8-06-10



Elko Energy Inc – Danish Assets Summary Report on Resources Data 10-06-10



NETHERLANDS:

TRACS CPR on Elko Energy's Assets in Blocks P01 and P02, Netherlands Offshore Sector 11-06-10




Elko Energy Inc – Netherlands Assets Summary Report on Resources Data 11-06-10