Stratic Energy Share Discussion Threads

[bach is dead] 28/8/2008 20:10

se. (see the fullstop)

[soulsauce] 28/8/2008 20:09

It's SE. don't forget the dot.

Well done at keeping this one in peoples minds Steel, it will come good when mood in the markets and oil sector turns ;-)

[mad jack mcmad] 28/8/2008 20:03

Ok, apologies for what may be a stupid question - tried to put this on my ADVFN monitor as it looks interesting, but it only comes up with the TSX listing when I put in the ticker SE - any ideas? I also get PINK NO SE??

[steelwatch] 28/8/2008 16:39

Listen to the podcast and follow the presentation simultaneously.

[bach is dead] 28/8/2008 07:23

what's the liqudity like for stratic? Is it like antrim ie great on TSE and awful in London?

obliged

[steelwatch] 28/8/2008 07:18

Q2 results:Highlights in Q2 2008:

Developments:

* West Don project in UK North Sea on track for first oil at end Q1 2009: field development approved by UK government in May 2008 and development drilling commenced in August 2008

* Operator's proposed development plan for the Longanesi gas discovery in Italy finalised; development plan, production licence and environmental permit applications in process of being submitted

* Development planning for Crawford oil project in UK North Sea continues following successful 2007 appraisal well; submission of field development plan targeted by end 2008

* Lower risk P/8 development option in Netherlands sector of North Sea being assessed; development activity deferred until 2009

Exploration and Appraisal:

* Drilling commenced in August 2008 of appraisal well to test high potential eastern extension of Breagh gas discovery in UK North Sea; to be followed by high angle/horizontal well on West Breagh

* Scheduled November 2008 well spud date on Cairngorm oil discovery in UK North Sea using the Byford Dolphin semi-submersible drilling unit, to test potentially high productivity of reservoir

* Well planning being advanced for early 2009 appraisal of Bowmore condensate discovery in UK North Sea

* Nasrani gas prospect in block 17, Syria approved for drilling - rig negotiations advanced for well spud by early 2009

Financial (all amounts in US dollars)

* Gas sales revenues in Turkey of $2.5 million in Q2 (2007: $0.7 million) with
production in the quarter of 260.3 mmscf (2007: 79.5 mmscf) from 3 fields, up from one field in the prior year

* Net loss for quarter of $6.5 million (2007: $6.7 million)

* New finance for development and exploration raised totaling $192.5 million

* Capital expenditure for 2008 projected at approximately $100 million, approximately half on developments and half on exploration/appraisal.

Kevin Watts, Stratic's President and Chief Executive Officer, commented:

"We are now only 7 months away from the planned West Don production start-up, which will generate significant revenue for the company for the first time. At $100 a barrel oil prices, our share of the field is estimated to net $100 million of operating cash flow over the first 12 months of production, which will allow us to explore more aggressively and expand further our drilling campaign, recently commenced with the Breagh well. Over the next year from now we have drilling planned to target net unrisked resources of over 3 times our existing booked reserves, and if successful this would transform Stratic's asset base. In addition, we continue to evaluate value adding portfolio management opportunities, and overall look forward to an important period in the development of the company".

[steelwatch] 28/8/2008 07:15

Good. Many will not be aware of this outfit.

link to rathkum's article:

[rathkum] 28/8/2008 00:46

From The Times
August 28, 2008
In the know: Stratic, OPD Group, Diageo, Communisis


Rumour of the day

Stratic, the junior exploration and production group with assets in the North Sea, Italy and Turkey, was flat at 28½p, despite talk that its stake in the West Don development, which began drilling this week, could generate $100 million in its first 12 months, giving the company the funds to pursue a more aggressive exploration drive over the next year.

[steelwatch] 26/8/2008 11:55

rathkum - Tristone suggests the partners will benefit to a greater or lesser degree:



I look for greater upside for Stratic from the Cairngorm prospect with drilling hopefully later this year.

[rathkum] 26/8/2008 11:41

Steelwatch,thnx for the updates.Frustrating market not interested in resource stocks at the moment.

What is your personal opinion on Stratic at its current price in comparison to the likes of Encore and Faroe who are also partners in the Breagh?

[steelwatch] 26/8/2008 10:57

Stratic's results for the second quarter of 2008 will be released on August 28, 2008. Stratic's management will host a webcast to review the results and give an operational update at 10am Eastern Time. Details of how to access the webcast were published on August 21, 2008 and are available .

2pm UK time

[steelwatch] 26/8/2008 09:07

Production is expected to come on stream at an initial peak rate of 25,000 barrels per day (4,300 net to Stratic). Development costs to first oil are estimated at $340 million ($58 million net to Stratic).

[steelwatch] 26/8/2008 07:16

CALGARY and LONDON, August 26, 2008 - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ('Stratic' or the 'Company') announces that offshore construction and drilling operations on the Company's West Don field in the UK North Sea have commenced.

The first well of a three well drilling program for the West Don field using the Transocean John Shaw semi-submersible has now commenced. The three wells, two producers and one water injector, will be drilled in sequence with each well expected to take on average approximately 65 days to drill and complete.

In addition to drilling operations, August marked the start of the major multi-phase subsea construction programme with the Apache reel lay vessel having completed the lay of the in-field pipelines and the first phase of the export infrastructure. Trenching of the pipelines is currently underway, and installation of the subsea structures and diving tie-ins is scheduled to start later this month. Work on refurbishment of the floating production vessel, the Northern Producer, remains on schedule and is now approximately 70% complete.

[steelwatch] 22/8/2008 17:08

14th August 2008 Issue 17 / 2008

4 of 23

Produced by Kingfisher Information Services at the Sea Fish Industry Authority in conjunction with the Scottish Government – Marine Directorate

Any queries please contact Kingfisher Information Services, Sea Fish Industry Authority, Humber Seafood Institute, Origin Way, Europarc, Grimsby, DN37 9TU
email: [e-mail] website: www.seafishmarineservices.com tel: [phone] fax: [phone]

Don Fields 211/18a – Drilling and Construction (New Entry 14-07-2008)
Drilling and seabed construction activities associated with the development of the West Don and Don Southwest fields is about to commence. The drilling rig John Shaw will be on location at the West Don field (61°29.63'N 01°25.63'E) from late July until year end.

Pipe laying by the Apache will commence at the end of July at the West Don location. Three lines plus an umbilical will be laid in two trenches starting at West Don (61029.63'N 01025.63'E) running southeast to the Don Southwest production well centre (61°28.04'N 01°31.98'E) and on to the Don Southwest water injection well centre at (61°28.05'N 01°33.33'E). Two lines will also be laid from the point chosen for the installation of a floating production facility, Northern Producer, (61°29.22'N 01°27.75'E) to a single anchor loading base (61°26.57'N 01°29.07'E) and onward from there to the Thistle installation SSIV structure (61°21.78'N 01°34.49'E).

Pipeline works and the installation of the fixed seabed structures is expected to be continuous in the first phase of the work from August until October 2008. There will be many vessel movements in the area during the work. The floating production unit Northern Producer is expected to be on site from mid October.

A second phase of subsea pipeline tie-ins involving dive support vessels will commence there after and run through until third quarter 2009. An Offshore Development Area has been established and 500m Safety Exclusion Zones around the subsea wells and structures have been applied for. Guard boats will be in the area during the construction work. All fishing and other vessels are requested to keep clear of the work area and to obey instructions broadcast by the guard boats and construction vessels.

For further information, please contact:: Bill Mitchell, Petrofac Energy, Tel: [phone] Email: [e-mail]

[rathkum] 22/8/2008 09:42

Looking to average down ahead of the Conference call and I notice that it would be cheaper to buy on the TSX 54/5c which roughly equates to paying 28p against 30p, depending on the size of course.

[steelwatch] 22/8/2008 00:23

Second Quarter Results Webcast and Conference Call will take place on August 28, 2008
at 10:00 AM ET.


To listen to this Webcast and Conference Call event, please enter the following in your
web browser:

[steelwatch] 18/8/2008 17:46

rathkum - The whole sector is in a trough at the moment, so not surprised. Not specific to any of the companies mentioned and I think interest will return in the Autumn.

[rathkum] 18/8/2008 17:36

Thanks for the posts,surprisingly very insignificant impact on Encore and Faroe share price. No NR from Stratic and as a result no move in the share price. Wonder what will kick start their upward move.Could be a long wait here.

[steelwatch] 18/8/2008 17:07

and



Well Commences on Significant East Breagh Prospect

Faroe Petroleum, the independent oil and gas company focusing
principally on exploration, appraisal and undeveloped field
opportunities in the Atlantic Margin, the North Sea and Norway, is
pleased to announce that drilling has commenced on the significant
gas prospect, East Breagh in the Southern North Sea.

The joint venture partners are Faroe (10%), Sterling Resources (45%
and operator), Stratic (10%), Regernesys (15%), Encore (15%) and
Petroventures (5%). The Ensco 70 jack-up drilling rig has been
secured under a turnkey agreement with specialist well construction
firm Advanced Drilling Technology International (ADTI), to drill a
vertical well (42/13-4) on the East Breagh prospect. The well is
designed to confirm reservoir extent and potentially significant
upside to gas already discovered and appraised on the West Breagh
area with the 42/13-3 well, drilled by the partnership in late 2007.


Following the East Breagh well, a high angle / horizontal appraisal
well is planned for West Breagh (42/13-5) to further evaluate this
part of the field. These wells will provide key data towards
assessing the economic viability of developing the Breagh gas field
in terms of hydrocarbon resource base and well performance and will
also provide better understanding of further hydrocarbon potential in
the greater Breagh area.

Graham Stewart, Chief Executive of Faroe Petroleum, commented:

"We are very pleased to be able to announce the commencement of this
exciting well; the Breagh area is showing great promise following the
successful appraisal well drilled on West Breagh last year. If the
East Breagh well proves up further reserves there is good scope for a
significant gas field development, and potential for considerable
value creation for our shareholders".

- Ends -

[steelwatch] 18/8/2008 16:24

East Breagh spudded

[steelwatch] 17/8/2008 08:45

The tugs, Sea Lynx and Normand Master, scheduled to tow the rig "John Shaw" are returning to Aberdeen which suggests the rig is in position and we may expect confirmation that production drilling has commenced in the week ahead.

NORMAND MASTER 23478 282 600 X Petrofac - R/M John Shaw 17/08 ABERDEEN
SEA LYNX 15000 173 550 Petrofac - R/M John Shaw 17/08 ABERDEEN

[steelwatch] 11/8/2008 07:23

CALGARY and LONDON, August 11, 2008 - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ('Stratic' or the 'Company') announces that Sterling Resources Ltd, operator of the Breagh joint venture, is about to commence planned drilling operations in block 42/13 of the UK Southern North Sea with the jack-up rig ENSCO 70. The rig is expected to become available at the conclusion of its current operations during the week commencing 11th August and will drill two wells on the Breagh discovery.