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Quote from the 8k - according to the 8k they have begun contacting potential drillers.
"As a result of the Farm-In termination, the Company will no longer be obligated to transfer any additional working interest in PEL 112 or PEL 444 to Terra Nova and is entitled to a return of a 4.8333% working interest in license PEL 444. The Company is in the process of revisiting drilling plans and has begun contacting potential drillers".
Tchauncy, is Pacfic Hunt Energy not the obvious driller? If they are not? Why?
Thanks in advance for your reply.
How DOES anyone give credibility to someone who just registered an account on IHUB and starts spewing bullshit about what's going on.
Must be a set up to sway shareholders!
Credibility is earned, people like Tchauncy have earned this right. Tridentone, has none.
Tchauncy has publicly come out and told everyone who he is.
Triedtone you don't smell so good! (crap)!!!
Dido - that's what I meant. Why dwell on the negative obvious
Citrate - stating the obvious or your opinion is all good, but it does nothing for investor confidence, though, it is encouraging shorts and sellers.
Hi - Dido to Citrati comment re: Genstock.
Genstock, always happy to see and read your post. Good effort in keeping people current with your opinion and insights. Thx
Hi - has anyone read the detail of the contract as to what would happen to % of ownership if TGC pulled out of their agreement?
A prudent company like the private parent company, HOLLOMAN CORP. would or should have some sort of claw back if TGC negated to fulfill their end of agreement. I am just saying, I have not read the agreements.
TChauncy - thanks for your comment.
Have not heard from the most prolific of posters, GENSTOCK.
GEN, What's your take on this? I am little surprised you have not weighed in yet?
Yes, nice recovery. I guess the process weeded out the non believers and hopefully reassured the believers that this company - HENC - is in good position. The 10Q proved that!
Other than this, mentioned a few times......
"extends the drilling commitment from July 11, 2015 to January 11, 2016."
Pacific time
Yes - 54,442 sold @ .12 at 8:57:34
Something in the 10Q that made people jump off ??
WTF just happened??
Stockpiles in Cushing, Okla., a key storage hub and the delivery point for the benchmark Nymex futures contract, fell for the first time in 21 weeks, another bullish signal to traders.
FYI - Bullish on oil stocks
http://www.wsj.com/articles/oil-prices-move-higher-u-s-crude-trades-at-year-high-1430389045
Thx - great insight. Ur information and facts are bang on!
Some people might confuse your enthusiasm and passion for stock promo. Though for me ur a lot like Thaunacy and I know him well. Keep up the good stuff.
Hi genstocks - I cannot reply via private as I hub is asking for upgrade. Read ur private message u sent me re: HENC. I know all the original players in HENCE. I was involved back when it was Endeavor Energy. I have been long for 9 years. Thanks on passing on ur knowledge.
STBR - same story. I got involved 8 years ago with the same guys. Why are things stalled at the moment? Beside the effect of oil prices. Thx
I like ur positive HENC outlook. Why do u think the sell out of TGC today 176 thou shares mostly bid sells?
Great post buc .....
So, for all you naysayers on this board read the post and shut the front door!!
From the interview..........
"I'm privy to some of the information from our technical staff and it looks promising. We ran 3-D seismic tests on about 20,000 acres of PEL 444, which has a total of 582,000 acres, and found that it compares favorably with one of the best producing portions of neighboring Senex, an AU$400M company that has reported 13.3 MMbbl of reserves on a fraction of the acreage Terra Nova controls. As I said before, that doesn't mean anything until you put the drilling rig in, but we are set to do that in the next three months. Through one of my companies, Perseville Investing, I just invested $3M and now Terra Nova has enough money to drill three wells at least, although we are talking to partners who could pitch in enough to get to five or six wells."
This is good stuff!!!!
Sorry for the multiple repeat post
BTW - this is stuff shorts hate!!!
Great report on cooper basin area. A definite winner on low cost marginal production" not all oil barrels are equal". A must read listen to this video. Terrific news for both HENC and TGC
It appears that you" are bash and dash" type....... What kind of crap post is that. Keep your ugly thoughts to your self.
Where is the cavalry ( buy support) when it's needed??
IMO - Like any market you buy just before it's Share price ready to climb not when it starts to raise, that point it's too late and u are chasing.
My apology for the multiple postings.
Oil Search to Raise $1.09 Billion
By David Winning , The Wall Street Journal
SYDNEY—Oil Search Ltd. said it would raise 1.22 billion Australian dollars (US$1.09 billion) to fund the purchase of stakes in two large natural-gas discoveries in Papua New Guinea, boosting its bets on an impoverished country soon to join the ranks of global gas producers.
Oil Search, Australia's fourth-largest listed oil producer, said it would buy a 22.8% stake in a license that includes the Elk and Antelope gas fields from closely held Pac LNG Group for US$900 million. The deal injects fresh momentum into the development of the two fields, which could potentially support a new gas-export facility in Papua New Guinea.
To feed growing Asian demand, including from Japan and China, international investors are turning their attention to countries that previously played little part in energy markets. Papua New Guinea, better known for its jungles and tribal society, is due to start receiving a revenue windfall later this year, when Exxon Mobil XOM -0.92% Corp.'s so-called PNG LNG project starts up.
Oil Search, which also owns 29% of the US$19 billion Exxon project,, said it would issue 149.4 million new shares at A$8.20 each to the government of Papua New Guinea to fund its entry into the Elk and Antelope developments.
The involvement of Papua New Guinea in the capital raising is significant because it signals the end of the government's efforts to buy back a A$1.68 billion exchangeable bond that it sold five years earlier to one of Abu Dhabi's sovereign-wealth funds.
The Abu Dhabi fund will become Oil Search's largest investor, with a 13.2% stake, when the bond converts to shares in March. The bond funded the Papua New Guinea government's share of the PNG LNG project's development costs.
"The placement to the PNG government is strategically very important for the company, ensuring the ongoing alignment of Oil Search and the PNG government's interests and a continuation of the strong working relationship that has been in place since the PNG government first became a shareholder in the company in 2002," Oil Search Chief Executive Peter Botten said.
In December, France's Total SA agreed to pay US$613 million upfront to InterOil IOC +1.26% Corp. to take a stake in the Elk and Antelope fields ahead of drilling work to assess how much natural gas they contain. InterOil said the deal could ultimately be worth US$3.6 billion if the fields were found to contain at least nine trillion cubic feet of natural gas, typically enough to support an export facility with two processing units. Total had moved to secure a deal after earlier talks between Exxon and InterOil failed to result in an agreement.
Oil Search could prove a useful partner for Total and InterOil as they look to develop the Elk and Antelope gas fields. It already has an exploration venture in Papua New Guinea with Total, although early efforts with the drillbit have been largely unsuccessful, with two exploration wells drilled last year failing to find commercial quantities of natural gas.
Having operated in Papua New Guinea since 1929 and with a listing on Port Moresby's stock exchange, Oil Search has the connections and knowledge of the country's tribal society that a new entrant such as Total might struggle to acquire.
Mr. Botten said the Papua New Guinea government wanted the Elk and Antelope gas fields to be developed in the "earliest practical time frame."
Oil Search, which is also exploring for oil in Iraqi Kurdistan, said Thursday that its 2013 net profit rose 17% to US$205.7 million. The result reflected an increase in the company's annual crude-oil production, and lower exploration costs.
In January Sydney-based Oil Search raised its annual production forecast to between 12 million and 15 million barrels of oil equivalent, up from previous guidance of 10 million to 13 million barrels of oil equivalent. The forecast jump from 6.74 billion barrels of oil equivalent produced in 2013 is due to the expected start of the PNG LNG project
Directors
Henry Aldorf - Acting CEO and Chairman
Mr. Aldorf has 37 years of experience in the petroleum and chemicals industry and is currently President of Pacific LNG Operations Limited and of Liquid Niugini Gas Limited and serves as Chairman of EFL Overseas Inc. (OTCQB: EFLO). Pacific LNG Operations Ltd. is a substantial indirect interest holder in the Elk and Antelope discoveries and 47.5% LNG partner in Liquid Niugini Gas Limited with InterOil Corporation (NYSE-IOC). EFL Overseas Inc. is engaged in gas exploration and production in the Liard Basin in south-eastern Yukon. Mr. Aldorf was most recently the President of Marathon International and Vice-President Global Upstream Business Development. Prior to his most recent role with Marathon leading worldwide upstream business development, including upstream commercial strategy and negotiations, Mr. Aldorf held the positions in Marathon Oil International of Senior Vice President International Business Development, Senior Vice-President West Africa, Middle East and Asia Business Development, and Senior Vice-President West Africa Business Development where he was responsible for Marathon’s EG LNG project in Equatorial Guinea and was the first Managing Director of EG LNG Co.
Nico Civelli - VP Finance
Mr. Civelli is a Zurich-based independent financial advisor who provides financial consultancy services through his wholly-owned company Niconsult GmbH. In this capacity, Mr. Civelli works closely with several leading European and North American private asset management companies and funds, which specialize in the natural resources sector. Mr. Civelli serves also as director and VP Finance for Hunter Bay Minerals Plc and for Pacific Hunt Energy Corp and as VP Finance of Pacific LNG Operations Pte Ltd. (Singapore). Mr. Civelli studied at the Universities of Zurich and St Gallen in Switzerland before completing a Masters Degree in Applied Finance at the University of Southern Queensland in Australia.
Absolutely the same person - this is big !!
For more information please contact:
Terra Nova Energy Ltd.
Rob McMorran
Chief Financial Officer
T: 604-806-0626 ext. 101
Email: rgm@malaspinaconsultants.com
Nico Civelli,
VP Finance
T: +41 44 217 4804
Email: invest@niconsult.ch
PR on Stbr.
I agree with thauncy.......great time to accumulate a position with Henc.
Where is all the excitement?? This is good!!
There is already a system installed in Angola. See the web site. Are u not a humanitarian?
Look at website - enormous amount of work to go to Africa, be there for 3 months to install one of their systems, engage in government diplomacy, and all this for a scam? I do not believe it be a scam. IMO, the real scams are much simpler!!
I am sure their auditors where aware and instructed properly.
http://stockpromoters.com/ Someone paid to promote this stock. Beware!!
Promoters.com/View-Stock-Promotions-By-Symbol.aspx?symbol=Vplm&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.x=17&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.y=11
Are you new to this site? I have been following QWTR a while and I hear the same rumor. That's great!!!!
QWTR appears to be back. Any others following this? Exposure on MoneyTV is the latest news.