Plutus Res. Share Discussion Threads

[bomfin] 07/6/2005 08:55

tgg,

At present the oil is developed. There is a gas cap which it's planned to develop. At present Njord produces about 4,000 bopd in Norway for PLR out of about 16,000 bopd. The 16 million barrels reserves mentioned = around 8 million barrels oil(developed) and about 8 million boe(gas) still to develop. I believe it's an excellent price and will show a considerable profit to PLR. imho dyor

rgds bomfin

[thegreatgeraldo] 07/6/2005 08:51

It represents only 1/4 of current Norwegian production

... didn't realise the field was developed ;-)

[skirbell] 07/6/2005 08:38

I'm encouraged to see the price rising on good volume. I'm expecting this rise to stick and see higher prices over the next month or so.

[bomfin] 07/6/2005 07:21

Excellent piece of business announced this morning.

Selling Njord for £50 million net's a profit now. It cuts the development expense of the gas project and provides cash for investment in oil production whilst oil prices are $50/barrel.

It represents only 1/4 of current Norwegian production and I believe the sale is at a price way ahead of book value. imho dyor

rgds bomfin

[bumpy dog [new]] 06/6/2005 13:26

Mid-price now at 198.75p, an all-time high. I know it's just an arbitrary number, but 200p would be very nice. Come on, PLR, we know that you can do it ! Apologies for the moronic character of this post, but for one of my 'slow but steady' picks PLR's performance has been very pleasing indeed, and with oil prices bouyant I think than there's some mileage remaining.

[bomfin] 06/6/2005 12:25

I see that Ardmore is being abandoned. Rowan 7 now looking for new contract. It can drill and produce. Possible production system for Yme?

speculative dyor.

rgds bomfin

[greatbear] 03/6/2005 12:11

Bought more yesterday. Ready for take off.

GB

[pilkington] 03/6/2005 10:51

Looking to break out to a new all time high (194) at the third time of asking. Getting ready for takeoff?

[dougdig] 01/6/2005 16:17

Is Paladin still interested in EDG...

[greatbear] 01/6/2005 12:00

I think the chart is saying buy some more.
Lets see where it finishes.

GB

[bomfin] 01/6/2005 08:47

Hello all,

Pleased to see PLR's recent strength.

I've high hopes for the Australian assets which are being underestimated imho.

rgds bomfin

[pilkington] 30/5/2005 10:50

It's nice to see that the analysts like us.

Consensus Recommendations

Outperform

Updated 27 May 2005

Analyst Recommendations and Revisions

1-5 Linear Scale...Current...4 Weeks Ago...8 Weeks Ago...13 Weeks Ago
(1)Buy................3............3...........3...............3
(2)Outperform.........3............1...........1...............0
(3)Hold...............4............5...........5...............4
(4)Underperform.......0............0...........0...............0
(5)Sell...............0............0...........0...............1

Mean Rating.........2.10.........2.22.........2.22...........2.50

[skyship] 27/5/2005 11:08

UK ANALYST Daily Report: 26/05/05 –Paladin (plr)


Merrill Lynch suggested shares in Paladin (up 5p to 186p) were a buy following the resource company's positive AGM statement last week.

The broker said that Paladin's positive statement served as a timely reminder that it could often pay to back the tortoise over the hare when taking exposure to the UK exploration and production sector.

Merrill raised its earnings forecasts by 11% to 19.3p and 18p on the back of 2005 projections of 50,000 barrel of oil equivalent per day. It went further to say that it put net asset value at 215p a share, some 20% above today's close.

With Merrill Lynch projecting near-term earnings and debt cash flow multiples at 9.9 times and 4.8 times respectively, it found little difficult in justifying its bullish stance on the shares.

[greatbear] 24/5/2005 11:47

LONDON (AFX) - Paladin Resources PLC said its wholly owned subsidiary,
Paladin Expro Ltd, has agreed to buy a 32.6 pct stake in Licence P.357
(Block 22/19a) in the UK Central North Sea from Nippon Oil Exploration and
Production UK Ltd (NOEPUK).
Paladin said it will pay an initial 0.5 mln stg in cash, subject to
adjustments. Two further conditional payments may be made.
Paladin said Block 22/19a contains the Fiddich gas and condensate discovery,
which lies approximately 20 km to the south east of the Paladin operated MonArb
Fields.

[skyship] 23/5/2005 16:03

As expected - a nice bounce; but the interesting thing is the number of transactions, all in ATs - c.330 so far. Can anyone explain this strange trading?

[skyship] 18/5/2005 16:42

coffeebaron - which term chart are you looking at for the broken trendline? The charts show the uptrend since early 2004 both intact and supported by the 200 day MA @ 169p. I would expect a bounce over the next few days.

[mandible] 18/5/2005 13:12

CWA1, I think that in these highly-developed days of share price poker we can take a small fall on receipt of upbeat news as 'good news' in its own right.
[i.e. the small fall is designed to catch out those insiders who knew the news was coming and were expecting/betting on a rise today]. Once the short term punters have given up waiting for the rise and cashed in their positions we should expect a clearer response. Hopefully to the upside!

[cwa1] 18/5/2005 11:55

Very upbeat AGM Statement. Assume that this will mean further falls in the share price :-/

[bumpy dog [new]] 16/5/2005 13:20

Another discovery in Tunisia. Pity PLR's stake is only 7% (=approx 380 BOPD).

[dislexy] 10/5/2005 17:41

P&J Article

[pilkington] 03/5/2005 13:51

Any thoughts on how this may affect the price? (of PLR). Chart wise it looks like we are ready for annother move up.




"01/05/05 LONDON (AFX) - Paladin Resources PLC, the oil and gas explorer, is
considering a rival bid for Edinburgh Oil and Gas PLC, which last week agreed to
a 133 mln stg takeover by a Dutch joint venture, The Sunday Telegraph reported.
The newspaper did not name its source, but said Paladin is understood to be
actively looking at Edinburgh's finances to decide whether to make a formal
approach.
On Friday, Edinburgh Oil & Gas recommended a 317 pence per share offer from
Dyon, a joint venture between Oranje-Nassau, a Dutch energy investment group,
and Dyas UK, an oil trading company.
An approach would be Paladin's second to Edinburgh in less than a year. The
newspaper said Roy Franklin, the chief executive of Paladin, held unsuccessful
takeover talks with Edinburgh around nine months ago.
Edinburgh's key asset is 5 pct stake in the Buzzard oil field, one of the
biggest North Sea discoveries in more than a decade.
ml/vs"

[skirbell] 26/4/2005 09:30

Not sure you can compare Paladin to either Desire or Cairn with both of those being far more exploration based than Paladin. Paladin's closest comparison would be Tullow I think. Paladin are probably not going to explode and rocket up, steady growth over a number of years is the key here. Useful to underpin your portfolio.

[bumpy dog [new]] 26/4/2005 00:10

Fascinating. And it's P a l a d i n by the way.

[intothefuture] 25/4/2005 22:46

The Palladin chart action in 2001 looks very similar to the past nine months of Desire Peteoleum!! Up to 60p, down to 35p etc. I wonder what went on with Palladin in those far off days?? Could there be an anomoly with Desire, who could also climb to to 190p mark in the next four years!!
The present Palladin action looks like it could take off like Cairn did, - but where is the anomoly with Cairn's Indian oil? Perhaps oil in the North Sea, or will it be uranium next to Reefton's areas in Namibia? At least the Palladin management is not in such disarray as Reefton! Interesting comparisons!