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Other interesting prospects they will drill..in Norway:
Lie Prospect: DNO 40% working intrest, operator potential 68 M barrels, net DNO 27,3 M barrels .
Ragnarock Prospect: DNO working intrest 30%, Statoil is the operator potential 138 M barrels, Net for DNO 41 M barrels..
we will get news from the Hummer prospect also within a quarter..
anyway a Diamond filled with news for the rest of the year..
RR
It's impossible to give a stock like DNO a price target within 6 months they can find another monster field one thing I can assure you is that they create big time value for there shareholders and for the company as a whole...compared with other oil comps which are barely increasing internal growth but go up on + production levels & follow more or less the oil/NGprice..besides that I think those minicaps will probably run out of oil very quickly from the moment they bump up production rates ..there's no real value attached at that kind of method ..I like those who bump up the reserves.
..just buy those stocks who have juicy spots on the foreign market....My favor go out for the Norwegian ones.why because they don't have problems with the rest of the world like the US & UK oil comps have in a political way...and there currency is one of the best you can find in the world..
the Juicy Oil spots are all located outside the US or Europe..so I would follow that kind of lead..if you are looking for internal growth through reserves..
RR
and they offered the best dividend policy in the oil market also this year..talking about Quality MANAGEMENT DNO is the name!
RR
Oilfield should contain +- 1 Billion barrels of oil..and this is a conservative estimate:
35-40 meter reservoir contains approximatly 50-90 M barrels of oil
800 meter reservoir:
800/40 * (+- 55 M barrels):
1.1 Billion Barrels of OIl
50% recoverable: 550 M barrels of Oil
40% Working intrest:
Net voor DNO 202 M barrels
25% recoverable: 252 M barrels of oil
40% working intrest: +- 100 M barrels
good for a $1-3 Billion increase in there market cap value...last but not least the jury is still out on that basement reservoir at nabrajah..same methods..not calculated in the shareprice yet...
Besides that DNO has numerous other prospects to drill this year....they will drill like + 20 wells in Yemen alone this year..talking about '2006' well expect a circle of news for the rest of the year...
and for Iraq it's there first well..prospect overthere is huge..so me thinks we can expect more news like this in the future albeït the method never sell your winners are applied overhere!
DNO is like a frigging GOLDMINE!
good luck and merry X-MAS to all of you
RR
DNO.OL another 17%.not amazed that we see a follow through overhere..they found a frigging Big Oil pool there in Iraq...and last but not least this is the first well they drilled overthere..this MANAGEMENT Rocks big time...keeps finding the juicy spots on the worldmap and this is only the start of what will come..
DNO the Juggernaut upc'ing gorilla in the oil industry..
good luck for all of you who have placed there trust in DNO.OL back than when I hammered on the fact buying big time shares overhere and for the LT...
RR
ITRN another poulain in my portfolio busting through a new all time high today..
RR
re: DNO-->the new Oil reservoir they discovered is about 800 meters deep..that's a frigging huge reservoir they found overthere...35-40 meter oil reservoir holds almost 50-90 Million barrels of oil if you do the math...that's almost 1 Billion barrels of oil sitting overthere...one should already know that DNO is about to be launched in the sky once the drilling results are out...and let's not forget DNO's market cap is just above $ 1 Billion
RR
DNO.OL +40% WTF..YEEHAWWWWWWWWWWWWWWWWWWWW!
RR
10bagger never heard of that one..guess I have to take a look in it...
and btw HAPPY X-MAS for YOU and THE REST OF THE BOARD!
meantime you lads are loading jewels and I didn't have the chance to look at most of them...what a bummer ;)
RR
I personnaly like my extra PAR.OL's I bought a few months ago at bottom rock prices..hope others took advantage from that rediculous price ...wouldn't amaze me that we double up on this one again...production levels should be doubled soon at around 18-20000 BOPD...last year the production was hovering around 1000 BOPD...that's what I call HORSEPOWER! PAR.OL is still a hidden value in the scandinavian markets..but they will get there name on the must have list as the story unfolds
and for DNO.OL well if you look at there last presentation 2006 will be the Year they will get fame & glory in the Oil industry as the new godzilla...! Drilling programs at numerous prospects this year...could be that at the end 2006 there production level will be close to 80000-100000 BOPD.
Next thing we can expect are drilling results from the Hummer prospect!
They recently got a few new licenses at Norway also...news should be out soon!
last but not least the NOK is a power currency...!
price action in the shareprice plus value action in the currency compared with the greenbuck and the Euro..so I get value on both sides of the coin..
Allright alway's wanted to eat a US steak so when I do come to the US I will remind you on that fact..
wishing you all the best,
RR
DNO.OL - DRILLING STATUS, NORTHERN IRAQ
The first well within DNO`s PSA`s located in the
Kurdish area of Northern Iraq, Tawke # 1 has
encountered movable oil at the top of the first
prospective reservoir interval.
Tawke # 1, which was spudded on 28th November
2005 has reached the first prospective reservoir
interval at approximately 350 meters. While
drilling into the top of the reservoir section
the well took influx of oil under pressure. The
oil was circulated out and flared off in a
controlled manner. Samples of the oil were taken
confirming an API gravity of approximately 24
API. This API grade corresponds to oil produced
from other fields at similar reservoir level in
Northern Iraq.
The forward plan is to continue drilling the full
reservoir section, which could be up to 800
meters thick according to the prognosis.
Thereafter wireline logging will be undertaken to
evaluate the reservoir with respect to reservoir
characteristics and movable oil content.
DNO is the Operator of the PSA with a 40 %
beneficial interest.
DNO ASA
RR
21/12-2005 08:51:22: PAR - PA RESOURCES AB APPLIES FOR LISTING AT THE O-LIST
http://hopey.netfonds.no/release.php?sequence=227745
It's about time that PAR.OL moves up again...50% in just a few weeks..let the good times c'ing I say.....a recoup like last year is all in the works...
RR
DNO - STOCK EXCHANGE NOTICE 211205
21/12-2005 10:18:46:
Preliminary Results of well 7122/7-3 (Goliat)
Well 7122/7-3 (Goliat) has encountered oil and
gas in two intervals. The third prospects will be
penetrated after casing has been set.
The Goliat oil discovery is located 85 km north-
west of Hammerfest and 50 km southeast of the
Snøhvit field and the drilling is being
undertaken by the semi-submersible drilling rig
`Erik Raude`. The water depth is 341 meters and
the well has reached a depth of approximately
2.400 meters. Planned total depth is 2.700 meters.
The well encountered an oil and gas column in the
main prospects in sandstones of Jurassic/Triassic
age at a depth of approximately 1000 meters. An
extensive coring and logging program was
undertaken as well as pressure measurements and a
micro production test.
In the other formation, Kobbe, oil was
encountered in sandstones of Triassic age at
around 1.800 meters.
The forward plan is now to set casing and drill
the third prospect down to approximately 2.700
meters.
When the well is completed work will commence to
evaluate the Goliat area with respect to possible
development.
The participants in Goliat are:
Eni Norge AS (Operator), 65 %
Statoil, 20 %
DNO, 15 %
Sold my position in MAT last week..just below $ 17 coupled with the fat dividend which is laughing at my account today ...makes me a happy man today!
RR
Good thing I bought shares in gold mines a few months ago...right at the money...before the explosion..
RR
In case you didn't noticed they start drilling Oil at Iraq also...
RR
DNO's production reached 18500 BOPD this month..
12/12-2005 10:11:30: DNO - NOVEMBER PRODUCTION
DNO achieved an oil production of 16.052 BOPD in
November 2005. This is down by 514 BOPD (3.1 %)
compared to October, but it is up by 372 BOPD
(2.4 %) compared to November 2004. The average
production for the first 11 months was 14.444
BOPD, which is up 5.5 % compared to 2004.
Oil production from Nabrajah / Basement (Nabrajah
# 5) commenced at the end of November. The
production from Nabrajah Field has now increased
to above 12.000 BOPD (ca 7.700 BOPD net to DNO,
pre-tax).
DNO`s oil production from Norway and Yemen were
as follows (BOPD):
November YTD (11 months)
Norway 1.227 1.448
Yemen 14.825 12.996
Total 16.052 14.444
The decrease in production from October was
primarily due some well repairs at Tasour and
Sharyoof Fields in Yemen as well as some downtime
at the Glitne Field due to compressor problems.
The well work in Yemen is now completed and
Glitne is now producing ca. 13.500 BOPD (1.350
BOPD net to DNO).
Following the increase in production from
Nabrajah Field after Nabrajah # 5 was put on
stream DNO`s total production is now at
approximately 18.500 BOPD.
DNO ASA
12 December 2005
Contact:
Helge Eide
Managing Director.
Since I'm very busy in the latest months -->new home etcetera, private biz etcetera etcetera....and changed my picks in hard cash value stocks so I don't have to look every day at my screen...I would like to know what's hot on today's market or what should be valued as valuable in terms of bookvalue/growth/cash flow etcetera..any advice from the board-Heroes are welcome..Hweb/bobwins/lentinman/stockpeeker and all others which I forgot...who helped us the board to have a big balance sheet as of today! )
Thanks in advance !
for those who are interested PDA, SDA & IBA look tasty in the BV..future +EV increase...still have to dig a little deeper in those...
)
RR
agree with that heavy cash vision only stocks I buy nowaday's are hard nut to crack stocks 'midcaps & large caps at maximum pain levels..'...
hopefully there are other free lunch tickets like Mattel waiting in the market for me...
RR
any opinions on Citigroup "C" overhere..
RR
looks like I missed this one got to read this board more I think..
good luck,
RR
LOJN crushing another 52 week high today..things look tasty overhere..
go with the flow,
RR
Hard Cash values are hard to find nowaday's looks like Wall Street agreed with my opinion on Mattel a simple nobrainers-investment...average volume *3 today..and up another 3%
RR
And at 16 dec you will receive a $ 0.5 stock dividend per share...
RR
Bought a big block in Mattel ticker: MAT today..with the Holiday season knocking on our doors they should have a good qtr to come...buying before the runup is alway's a win-win situation at this time of the year....have a sell strategy at around $ 19 which should work fine imho..
RR
had a heccavu ride with my call options in GP yesterday...blastoff..lol
HOme depot posted outstanding results today and boosted it's earnings for the rest of the year...bodes well for Investors in LPX & ELK...
RR
OT: LOJN already have that one for a couple of months in my portfolio..a small position though..
RR
Both are start-positions in my portfolio so I will probably hold them for a long time unless something changes drastically.
RR
New highs are rare to find nowaday's...go ITRN..eom
Hope that my GOOG short will be as much fun like shorting the Oil Tanker stocks recently..
RR
It's awhile ago I've been looking at CYD...thought that they we're about to listed as Newco on the NYSE this quarter..sure looks interesting again at this level..
RR
ITRN trying to break new 52 week highs...a possible LOJN run is written in the stars imho..eom
The Return of the Godzilla in the Oil imperium will be back..eom
DNO.OL...right now they are testing the Nabrajah #8 discovery fingers crossed for the outcome further on..results are expected..from that other project in Block 32...
the Balan #1 exploration well has reached the target depth in basement. Two production tests in the well are currently being prepared: one in the basement section and one in the Sahr carbonates above. If commercial volumes of oil are confirmed, this can be developed cost effeciently and possibily be tied into existing Tasour facilities.
RR
I'm just watching that Video on there Website check it out this will be the way of the future ...
RR
re: ITRN 5.32 Million shares Fully diluted I guess...4.8 M we're offered at the IPO ..and another 520000 we're exercised recently...could be they can exercise another 200000..
good luck,
RR
A world without theft can you imagine what the possibilities this has to offer in the nearby future...overlooked bigtime I think...and one of those technologies which are pretty new and have to find there big time way to the customers as time goes by..
RR
Ituran ticker: ITRN is another one which should be looked at in the tracking device sector..
I hold positions in both of them...
RR
from where I sit is LOJN still cheap considering the potential this kind of technology has...I bet that everyone will use there tracking technology within a specific timeframe what gives lot's of room left...for extra ordinary results...and boosting sales...CEO said that net-income will rise with another 50% this year...they are expanding in all parts of the world also...bec'ing slowly a wordleader in this kind of business..
It's like buying MSFT, SNDK or QCOM at the start...imho..
RR