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From the Stockhouse board:
" It's a under value stock MES
nbt420112/8/2011 10:45:59 AM | | 23 reads | Post #30440885 Rate
I talked to Mike, he mentioned that they were working on the financing deal, should be done shortly. At least first week of next year and also they're working with somalia gov for the psa. They expect he psa to be completed by end of jan 2012....it's the time to load of mes, it's very clear mes undervalued....."
OK ( from Red ) Who's Mike
OK got it
" Michael T. Murphy, P.Geol,
Vice President, Exploration
Mr. Murphy has been employed as a geologist by Marauder Resources East CoastInc since 2004, focusing on prospects in the Canadian Arctic and offshore,offshore Greenland, the Middle East and North Africa. Mr. Murphy has supervisedwell site operations, assisted in implementing drilling programs, and hasextensive experience analyzing potential exploration prospects and fieldacquisitions. Mr. Murphy holds a BSc degree in Geology, Applied andEnvironmental Geology from the University of Calgary. He is a professionalmember of APEGGA, member of the AAPG and CSPG, and also holds the CanadianInvestment Manager (CIM) designation from the Canadian Securities Institute. Mr.Murphy was promoted to VP Exploration for Marauder in 2009. "
Red
I follow that line of reasoning-
Somalia has a certain reputation,and on the other hand the Lundins have a long track record-
Thanks for bringing these plays to my attention and spelling out the different risk profiles-
No doubt the west coast of Africa will be one of the few remaining prime focus areas for oil exploration during the twilight of the affordable oil era.
futr
Futrcash, this has alot of risk. Pirates, etc. Yet, the word in the oil patch is that if MESNF gets the PSCs for their two Puntland offshore blocks, the price will rocket. There might be 60 Billion barrels in those two blocks, and extension of the prodigous Yemen oil fields.
So, I see MESNF a little bit of a longshot, but I've laid some dough in it just the same.
AOIFF has alot less risk and drilling will start this month in their great Kenyan East African rift blocks. Their first drill will be in the now lengendary Albertine Rift, the same geology as the multi billion Uganda block
JMO
Red
Interesting Play Here Red!
http://www.maraudernrg.ca/
futr
Marauder's home exchange symbol MES up 14% on good volume. Should continue to inch up to the next news. Hopefully that news says the offshore PCS's are agreed to, in which case should rocket both MES and MESNF. huge amount of oil, billions, are in the crosshairs.
Red
McB, since RRL, Range Resources is now 20% partners with AOIFF in Puntland, that would imply that thier previous position was re-negotiated. It's all good.
Red
Hi Red,
for some reason I didn't see this post.
1. void the agreeements: I don't believe they can given that they exited without maintianing activity for 20 years. most concessions are given to company with the proviso that they undertake activities before a certain period. my guess they had to do something before 20 years was up.
2. I wasn't aware of this deal that rrl has made. i don't really understand the question. is it the same as above but from Puntlands prespective to TSG? please rephrase.
3. i had an interesting email from bob that gave some insight into how these types of deals operate. the main thrust of the argument is who has control of a certain area and in this case its the presidents clan. they are the bigest clan. they own by virtue of their power base the on shore concessions. try to take them away and there will be war.
4. somewhat but i refer to 3. its about who you want to mess with. my guess there won't be trouble.
Cheers
McB
well seems like selloff is over and we are at a slow accumulation phase again. Good to see, makes for a nice base to move back up.
**** GAME ON ***, well, almost
Critical due dilligence for anyone invested in Africa Oil Corp or Marauder
Resources
High risk, HIGH REWARD
30/11/2011 AFRICA ENERGY INTELLIGENCE n°664
SOMALIA
Offshore blocks awarded at last
A unknown Canadian company has been awarded three blocks in Puntland. For
the first time, two are offshore concessions.
With Africa Oil Corp poised to drill its first well on the Dharoor block in in
Puntland's onshore, Canada's Marauder Resources East Coast has been awarded
three concessions in the breakaway province. One of them, Nogal East, lies
onshore while the two others are offshore blocks covering 60,000 sq.km.
In a first press release dated Oct. 21, Marauder's chief executive, Robert
Shields, announced he had signed an MoU with an African government, without
stating which one.
Contacted by Africa Energy Intelligence, Marauder confirmed the government in
question was that of Puntland but said no further details could be announced
until it cleared up certain details with the Toronto Stock Exchange authorities.
In a second press release on Nov. 23, the firm talked of Puntland but added that
the MoU hadn't yet been officially confirmed by the government. Shields has
worked in mining and oil for 30 years, and particularly with Pacific Petroleums
Ltd and Petro Canada, and was active in Libya.
Marauder's talks with Puntland were complicated and took over a year to
complete. Another firm, Australia's Range Resources that is headed by Peter
Landau (partner of Africa Oil on Nogal and Dharror on the onshore) also tried to
win offshore blocks two years ago, to no avail. The zone is highly prospective
because it was attached to oil-rich Yemen before the continents separated.
Puntland's oil reserves are going to be put to the test for the first time with
Africa Oil's two wells, which are to be drilled between the end of this year and
early 2012. The results could considerable alter the attractiveness - or
otherwise - of the area.
To be sure, the country faces two major problems. The first is that Somali
pirates operate mainly from its coast. The other would be institutional and
political vis a vis Mogadiscio in the event of a discovery. Even if the
Transitional Federal Government (TFG) that runs the country is very weak it
still sticks to the idea of a united country.
----------------------------------------------------------------------
Article on AfricAN iNTELLIGENCE SOMEWHERE AROUND JUNE, 2011
Oil but Nobody to Drill It
Blocks that were put up for sale in the breakaway province of Somaliland
have so far failed to find buyers. The rights of majors in the region and border
conflicts are putting off oil companies.
The secessionist province of Somaliland houses major oil reserves but nobody
seems willing to take the risk of drilling for them. This spring, the government
asked TGS Nopec to organize a licensing round concerning eight blocks but no
firm offer was received and the deadline for bids, initially set for the month
of August, has been put back to December 15.
The fact that Somaliland isn't recognized by the world community scares off the
oil companies, as does legal uncertainty hanging over certain parts of the
country. Amoco, Conoco, Phillips, Chevron and ENI all held licenses in
Somaliland in the 1980s.
All the majors fled the country when president Siad Barre was overthrown in the
1990s but consider that the areas they explored remain under force majeure and
still belong to them.
On several occasions the Somaliland government has proposed the companies return
to the province or free up the blocks, but has been turned down on the two
scores.
In addition, the few companies which ventured into Somaliland, like South
Africa's Ophir or Britain's Enex, were forced to work without any geological
data. As Africa Energy Intelligence revealed (AEI 444), all of the oil data
concerning the province have been owned since the beginning of the 2000s by a
small British firm, Fugro-Robertson, which refuses to communicate them to the
Somaliland government. It was partly to make up for this lack of information
that TGS Nopec shot 5300 km of seismics and magnetic data as well as 34, 700 km
of aeromagnetic data before the call for bids.
The last but not least obstacle to oil exploration in Somaliland remains its
border conflicts with neighboring provinces. Britain's Enex, which signed an
agreement in 2005 to explore an area covering the Negal basin, learned that to
its expense. A big part of its license was included by neighboring Puntland in a
license sold to Australia's Range Resources and the Canadian concern Africa Oil.
----------------------------------------------------------------------
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Hi all,
I have been following Africa Oil a Lundin vehicle for some time now and I am
quite familiar with the Puntland project in Somalia. Horn Petroleum is their
vehicle for Puntland and it is currently worth with fully diluted 122 millions
shares on issue at a trading price of currently 1.10 a market cap of $134m.
There are very successful Lundin Group people backing this play.
There has been speculation that there could be over 60 billion barrels of oil
potential offshore Puntland and it is well known that Conoco was onto something
massive at Noogal prospect being 19 billions barrels in place with at least 4
billion recoverable according to Africa Oil. Drilling at the Dharoor early 2012
should also provide great excitement for MES land package and add extreme value.
I am speculating this could open at 1 dollar plus with the details of the MOU as
this would only be approx $60m market cap which is half of Horn Petroleum
currently which should be possible. Exciting times ahead hope to see the trading
halt soon ready for the rise.
---------------------------------------------------------------------
25/05/2011 AFRICA ENERGY INTELLIGENCE n°652
SOMALIA
Africa Oil finds key backers
The Canadian company has struck agreements with mysterious Arab investors
in order to explore blocks in Puntland.
On June 8, with the blessings of its shareholders, Africa Oil Corp will
officially become owner of the assets of Lion Energy Corp active in Kenya and
Somalia. While the operation will enable the Canadian company to increase its
holding on the 10BB license in Kenya, it also considerably boosts its stake -
and thus is commitments - in Puntland.
To be sure, the acquisition of Lion will increase Africa Oil's holdings on the
two onshore blocks of Dharoor and Negal from 45 to 60%. As a result, Africa
Oil's bosses sought and found unnamed investors for Puntland in the Middle East.
The backers agreed to put up money but won't take a direct stake in the blocks.
Indeed, Africa Oil has chosen to reactivate an old, unlisted company that it
owns, Denovo Capital Corp., to house its assets in Puntland. Denovo will quickly
set up a subsidiary named Puntland Petroleum Corp and sell off part of its
business to new investors. Once that operation is completed Africa Oil will
control just 32% of the two fields and its Middle East partners 28%.
The arrangement will allow Africa Oil to avoid dipping into its own coffers too
deeply. The other companies present on the two Puntland blocks are Australia's
Range Resources Ltd, with 20%, and Red Emperor Resources NL with 20%.
Under an accord with the Puntland government, a first well must be started on
one of the two blocks by July, and a second by the end of the year. After the
two wells in Puntland, the rig will move to Ethiopia for an operation in the
Ogaden region where Africa Oil works in partnership with Tullow Oil.
Red
Red
" One of the power guys behind Africa Oil Corp : AOIFF/AOI and Marauder Resources MESNF/MES.
" FST:CN C$4.09 CAD 0.00
MES:CN C$0.22 CAD +0.03
AOI:CN C$1.47 CAD +0.08
JKA:AU A$0.15 AUD +0.005
UNX:CN C$5.30 CAD 0.00
"The First Family of Resource Investing
By Matt Badiali, editor, S&A Resource Report
Monday, November 5, 2007
Natural-resource explorer Adolf Lundin was like the great white hunters of Colonial Africa. He didn't care what the resource was: oil, gas, copper, iodine, lead, zinc, silver, or gold. He just wanted to go big.
In the 1960s and 1970s, if you weren't Exxon or Chevron, it was hard to get into mineral exploration in the "civilized" countries. Adolf Lundin adapted. He traveled the world. He was completely fearless.
Adolf had a penchant for Argentina, and the country was good to him, too. He and his son Lukas discovered Valedero there. Valedero is a giant gold and silver deposit that contains 11.4 million ounces of gold reserves. The discovery led to a $300 million takeover of the Lundin's company, Argentina Gold, by Homestake in 1999. Barrick bought Homestake in 2001 for $2.3 billion and is currently building the mine at Veladero.
During Mobutu Sese Seko's rule of the Democratic Republic of Congo, Lundin negotiated control of Tenke Fungurume, at the time one of the world's largest undeveloped copper and cobalt deposits. Tenke's contains more than 500 million tons of resource, which includes 14 million tons of copper and 1.2 million tons of cobalt.
Lundin Mining still controls 25% of Tenke.
In 1996, Lundin noticed a Russian company with nearly as much oil and gas as Exxon, yet the stock market valued this company at 1% of Exxon's market price. Lundin pooled $25 million of family money and started an investment firm. That money became Vostok Nafta, a Sweden-based investment company focused on Russian natural-resource companies.
Vostok Nafta is now the fourth-largest shareholder of Gazprom, Russia's largest oil company. Today, the company has a net asset value of $580 million... not a bad return on $25 million.
Adolf Lundin's other contribution to natural-resource exploration was his two sons, Ian and Lukas. The brothers also share their father's love of adventure and competition. They've ridden motorcycles from Cairo to Cape Town, and they've competed in the Paris to Dakar Road Rally, the ultimate off-road endurance race.
Adolf Lundin's offspring are board members of several natural-resource companies. Here's an excerpt from Lukas Lundin's biography:
Lukas Lundin is the first child of Adolf Lundin. He currently serves as Chairman of Tanganyika Oil Co. Ltd., Vostok Nafta Investment Ltd., Canadian Gold Hunter Ltd, Denison Mine Corp., Tenke Mining Corp., Pearl Exploration & Production Ltd., Red Back Mining Inc., Lundin Mining Corp. and is a Board member of Atacama Minerals Corp.
The Lundin brothers found success in their own right. Lukas took over a struggling Australian company that traded for 80¢ a share. The company now trades for more than $8 per share. Ian is currently CEO of Lundin Petroleum, which spun out of Talisman Energy's takeover of Lundin Oil in 2001.
The Lundin family built its empire while oil prices were in the $14 to $35 range and gold traded for less than $300. In this period of runaway commodity prices, one can only imagine their success.
If you want to grab a share of the Lundins' success, you have several options. You can buy shares of Vostok Nafta (VNIL on the Stockholm Exchange). You can also buy shares in Lundin Petroleum (LYV on the Berlin, Frankfurt, and XETRA exchanges, or LUPE on the Stockholm Exchange). Lundin Mining trades on the New York Stock Exchange (LMC).
One of the tenets of my service, The S&A Prospector, is investing in people. The Lundins are the kind of people that we want to invest with.
Good investing,
Matt Badiali
---------------------------------------------------------------
JMO
Red
From SH
"
Now that we have confirmation of Puntland projects MES imho is way undervalued at current prices compared to it's partner's in the projects.
Horn Petroleum is currently valued at near 122 million market cap and MES is valued at 17m odd market cap. This could head towards 1 dollar per share soon and it would only give it a market cap of 60 odd million. The reason is the oil potential is significant as stated in Africa Oil's recent press release. It seems like they could be drilling as early as December 2011 for Dharoor Puntland and AOI's Novemeber 2011 presentation internal estimates for Nugaal of 4.083 billion barrels of oil recoverable is the largest prospective resource in their portfolio according to this table. Will be interesting to see for MES from here.
Africa Oil Corp
Summary of Unrisked and Undiscovered Oil Prospective Resources1
Interest
Kenya2 10BB Tullow 2,066 50.0% 1,033
Kenya2 9 AOI 1,399 100.0% 1,399
Kenya2 10A Tullow 423 30.0% 127
Ethiopia2 7&8 AOI 155 55.0% 85
Kenya3 10BA Tullow 2,188 50.0% 1,094
Puntland (Somalia)4 Nugaal AOI 4,083 30%5 1,225
Puntland (Somalia)4 Dharoor AOI 1,210 30%5 363
--------------------------------------------------------------
Red
Stock trading resumed. I have been buying this morning.
High risk, huge return
Roll the dice,
red
McB, since you've been an invrestor in Marauder longer than most, maybe you can answer this question. Back, before Puntland was autonomous, four mainly American firms had control of five blocks in Somalia, some, of which, overlap the two Puntland blocks we're preparing to drill in December 2011, the Darhoor and Nugaal blocks. Some of these companies were Conoco, Shell and others. Question is.......since Puntland became autonomous, could they then void the agreements Somalia had with the aforesaid companies, or are we in for a court fight, in your opinion ??
Secondly, RRL, Range Resources purchased 100% of the offshore for $25M USD. Would this deal also become void for any water's offshore that Puntland could claim as it's territorial waters. ??
Lastly, I spoke with Bob. Nice guy, er..also the CEO of Marauder, and he was not too concerned with the militant terrorists in Somolia that might pose a threat. He said he and his group are a good bunch of farm boys that can defend for themselves, but I wonder, given the circumstances of perhaps 60 billion barrels, worth up to 6 trillion dollars offshore, don't you think it would be advisable to have a mercinary force to help with the defense.
Also, are you worried about any threat from the el-Quiada terrorists in Yemon.
TIA
Red
McB - I am sure you've seen this, but others haven't.
" Marauder Resources East Coast Inc. Announces Execution of Memoranda ofUnderstanding
CALGARY, ALBERTA--(Marketwire - Nov. 23, 2011) - MarauderResources East Coast Inc. (the "Company") (TSX VENTURE:MES) is pleased to announce that, further to its press release of October 21, 2011, the Company continues to explore business activities relating to two Memoranda Of Understanding concerning three highly-prospective oil exploration blocks in theSomali state of Puntland (the "State"), totalling approximately 60,000 km2. The first Memorandum Of Understanding (the "Offshore Memorandum") concerns two offshore oil exploration blocks, while the second Memorandum Of Understanding (the "Onshore Memorandum") concerns an onshore block.
Prompted by an increase in the volume of trading and price of the Company's common shares, theCompany clarifies that the transactions contemplated by the Offshore Memorandum and Onshore Memorandum are subject to certain independent conditions and approvals, including the execution of separate Production Sharing Agreements with the State pursuant to each Memorandum Of Understanding. The Company is in discussions with the State in relation to the negotiation of the Production Sharing Agreements pursuant to both the Offshore Memorandum and Onshore Memorandum. At the current time, there is no assurance that the transactions contemplated by the Offshore Memorandum and/or the Onshore Memorandum will becompleted. "
Red
McB,
So true.
Red
Hey Red,
AOI PR'd some details which is HRN related last night.
regarding the halt I expect it needs time to get all the players to sign the paterwork.
rgds
McB
Thinking the halt gets lifted on Wednesday. Anyone noticed nthat Horn Petroleum has had zero volumn of both the past two sessions.
Red
Marauder Resources ( MESNF: otcbb, MES Canadian exchange )Halted today, Monday, 11/21/11. Rumors are that MESNF is going to be added to the AOIFF, Range Resources, Red Emporer consortium in Puntland. Further rumors has MESNF aquiring some Puntland offshore that's thought to contain 60 billion barrels in place. Same rumor has Puntland with 4 billion barrels onshore.
Or it could be that the rig headed to the two onshore Puntland blocks has arrived on site. More news coming when I hear it. Hopefully AOIFF and MESNF both show a huge gain upon the unveiling of the news. Stay tuned.
red
halted pending news mate - if you didn't notice.
no news out yet.
McB, roger that.
Best,
red
hi Red,
i can't find that board but i know that post for stockhouse.
is that where its from?
rgds
McB
From the Ihub MES ( canadian exchange symbol ) board. Poster name Audi
To cut a long story short this is my understanding. The oil is in a now autonomous region of Somalia called Puntland. They have their own government and laws so it is not part of Somalia.
You have to understand there is a lot of oil at stake here and many hands want a piece of the action here. The Lundins from Sweden are the major players here and they are effectively the operators of the oil venture. Look up Lundin and you will see they are experts in operating in difficult areas around the world.
When there is a lot of oil at stake it goes with out saying there will be many detractors who are not in on the deal and want a piece of the pie. All this article is properganda and it has been ongoing for many years now. It seems he is just playing on the name of Marauder and translating that into synonyms of the name.
Look up the players involved in the region and you will understand why MES is currently under heavy accumulation. The oil at stake is enormous and I am sure the Chinese will come when the time comes. They are already circling for years now.
-------------------------------------------------------------
Red
Red,
hmmm try this
http://www.advfn.com/cmn/fbb/thread.php3?id=26265235
if not then go to advfn.com and look up "mes".
axis - two/three years ago mes and axgc were involved in a possible libyan deal it near come off. axis is a empty shell looking for some value. i don't like the axis managment.
hopefully we'll see over on "my" thread!
mcb
McB, nice of you to stop by. Your link in your post did not work. Yeah, there are Ihub boards for AOI ( AOIFF ) and MES (MESNF ). They are fairly new. Give me the scoop on Axis when you get the time.
redinvest@yahoo.com
Red
Hi Red,
here's my thread on advfn.com (parent company investorshub).
http://www.advfn.com/cmn/fbb/thread.php3?id=26265235
I've been a long time member on investorshub and didn't think to look at the threads for AIO/hrn/rrl content.
rgds
McB.
Why was Marauder brought into the picture ??
Let's see what some of the english investors of Range Resources and Red Emporer are speculating upon.
------------------------------------------------------------------
" It looks like the on and offshore MOU has been signed so there should be PSA news soon.
No Idea of the content of this but the fact Marauder have been meeting the Puntland officials seems a good indication of deal done."
" Discussion | Interactive Investorwww.iii.co.uk/investment/detail?code=cotn:RMP.L&display...Cached
You +1'd this publicly. Undo
41 posts - 21 authors
I think he's saying thet the puntland President and his family have done a secret deal with Marauder Resources (TSX, http://www.maraudernrg.ca/index.html) that ... "
------------------------------------------------------------
Note from Red - it starting to become clear. I see why we were previously given assurances from officials in Puntland that our drilling would go forward without disruption. One last speculation. As you read this posting, the reader refers to the Nugaal Block or prospect as Noogal. We are told that the rig is coming forward by boat and should be onsite is around 8 days. Drilling of the same will be first of the year 2012. We also know Dharoor prospectwill be drilled after that. Enjoy the last post.
--------------------------------------------------------------
" Hi all,
I have been following Africa Oil a Lundin vehicle for some time now and I am quite familiar with the Puntland project in Somalia. Horn Petroleum is their vehicle for Puntland and it is currently worth with fully diluted 122 millions shares on issue at a trading price of currently 1.10 a market cap of $134m. There are very successful Lundin Group people backing this play.
There has been speculation that there could be over 60 billion barrels of oil potential offshore Puntland and it is well known that Conoco was onto something massive at Noogal prospect being 19 billions barrels in place with at least 4 billion recoverable according to Africa Oil. Drilling at the Dharoor early 2012 should also provide great excitement for MES land package and add extreme value.
I am speculating this could open at 1 dollar plus with the details of the MOU as this would only be approx $60m market cap which is half of Horn Petroleum currently which should be possible. Exciting times ahead hope to see the trading halt soon ready for the rise.
Cheers "
-------------------------------------------------------------------
Red
MES still running up on the Canadian Exchange, up another 25% today, + .06 to .30. 319,000 shares traded.
On the American Exchange MESNF, up 5.46% to .293
Red
Up 31% today. It should continue it's march and then get an additional booster when the JV is announced. Then, another booster when they strike oil. Present price 27 cents. Asset value sans Puntland - 63 cents.
JMO
Red
I rolled the dice on this at 19 cents. It may creep down a little. Once the deal is finalized and revealed, I might have to take this company seriously.
Red
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