September

Current Holdings:

NWE - Awaiting a drilling rig and drilling of TP15 and their shale gas play. Holding til 2011
BKP - I have set a sell order @ 6 [Short term Play]
RSLO - Awaiting Assays on Rare Earth Elements [Short Term Play]

Current Holdings

Thanks Everyone for your emails. I know a lot of you want to know what my positions are at the moment and here they are.. I will try to update them as I go, but as you are well aware sometimes I can hold positions for less than an hour (which makes it hard to update frequently). One stock that isn't mentioned here is Focus Minerals (FML).. I use this as a trading stock and monitor it for my advantage because I am familiar with the trading of it.

Currently Holding:
NWE
BKP

Norwest Energy (NWE)
 - Norwest has an official signing of the Farm in partner Bharat PetroResources this Friday night in Perth. For you that are unfamiliar with Bharat, Bharat is the 2nd largest oil refining company in  India with a market share of 23%. Bharat is a subsidiary of an Indian Government Company. Bharat is number 307 on the GLOBAL FORTUNE 500 (Google = 355, Maccas = 378, Telstra = 458). If Bharat thinks that this project is worthy, then so do I
 - I must disclose that I am a true believer in NWE.. I think that this company's oil and shale gas play will make a lot of people rich in 2011.. But please do not assume that that person will be you..

Baraka Petroleum (BKP)
 - In for a quick position
 - In @ $0.005
 - Due out is a the Ryder Report
 - Also good is the nearology of CTP
 - Free carried and great buy depth at the moment

NWE - Trade Diaries

Norwest Energy (NWE)

As predicted, the share price has increased in the lead up to the announcement of the Farm In arrangements (Joint Venture), based on the speculation alone.


I believe this puts the share price in the upper bracket of its recent trading band and if it had closed above 3.2c for day I believe it would have been a clear break out of that trading band.


I hope that NWE's share price will follow what a lot of other specc stocks do prior to an impending announcement and rise significantly even before an actually announcement is concluded and shown to the market.


Anyways, I am sitting and watching movements during the trading day in order to capitalise on any joint venture announcement that is released to the market.. From my calculations, this should occur during the week of 23 August and be announced at the latest by 3 September ( which is the closing date of the share placement to existing holders).

Another interesting aspect to this share is that at around 2:30pm today AWE in partnership with Origin had stated that they had signed an agreement for the sale of gas from the Redback region of its tenements. Now for anyone that knows NWE and AWE well enough, you will of course know that both NWE's and AWE's shale gas tenements are next door to each other.


Therefore, it is quite possible that since larger companies such as AWE and Origin are selling the gas from the same region, NWE may possibly tap into that resource and follow suit once they get that started, as well as their oil hopes in TP/15.


From NWE's announcement on 28 July, they state:
"If the transaction proceeds the proposed farminee will be providing funding towards the drilling of the

proposed TP15 well, known as Red Hill South and the EP413 shale gas project to earn equity in each of those permits'"

Also, I think we should be getting an announcement of the WOLF-1 appraisal from AWE this week stating that drilling should have been complete.


Anyways, the Depth is looking great for NWE as well


And remember folks, always do YOUR own research and make your own soundly based decisions. After all, it is your money your risking.


Cheers


Activei Venture
(c) Copyright 2010

NWE update

back in the queue @ 0.027 to add a few additional..

Recent announcement issued on 10 August 2010 states that the proposed farminee had cleared its internal approvals to farm in to TP/15 and EP413. NWE also states that "However it is expected that the necessary documentation will not be executed, and the transaction itself will not close, for at least two to three weeks due to internal and unrelated matters for the proposed farminee"'

We are therefore looking at a timeframe of the week starting 23 August 2010 for an announcement

Another interesting point to consider for a short term trade is that NWE have determined to extend the Share Purchase Plan until 3 September 2010 in order to allow shareholders to "be fully apprised of the farm-out status.....when considering the SPP offer."'

From my perspective, NWE hope to announce the JV partner prior to the close of the the SPP on 3 September 2010. After the SPP, then the shares will be issued within the coming weeks putting a ceiling over the share price imo.. hence why I am in the queue @ 2.7c for an additional parcel

This should be a good event-based trade to capitalise on.

Always do your own research.

Swan should know weekly interest bill

Good one Treasurer Swan!

http://news.brisbanetimes.com.au/breaking-news-national/swan-should-know-weekly-interest-bill-20100805-11jcb.html

Swan should know weekly interest bill

August 5, 2010 - 1:44PM

AAP 
Australian families would be worried that Treasurer Wayne Swan didn't know how much interest the government was paying each week on its debt, Opposition Leader Tony Abbott says.

Mr Swan was asked several times on Melbourne talkback radio on Thursday to reveal the amount of the weekly interest bill.
"I can't give you a figure on that debt in terms of interest. I can give you the gross figure because that's the one that really matters, because it's entirely affordable," the treasurer said.

Mr Abbott said he understood it was $80 million a week in the current financial year, rising to about $100 million a week in the next financial year.

Mr Abbott told reporters in Sydney that families knew how much they were paying out each week.

"I do think it would worry the ordinary families of this country that the treasurer ... doesn't know what the weekly interest bill is," he said.

Currently

Currently holding:

NWE

21 May

Market Correction? or Market crash.....?

Fortune favours the brave..... Doesn't it?

Currently holding (Nervously)

PRR

NWE

BUR

Burleson Energy Limited

Keepin' an eye on ASX:Bur

Looking good with under 200 million shares on issue,

market cap under $20m and

a drilling program in the US underway

NWE UPDATE

Interesting paragraph I had read:

Direct from the QUARTERLY ACTIVITIES REPORT released to the Market on 16 April 2010:

"

Farm-out negotiations

It had been previously advised that Norwest expected to conclude farm-out discussions for its TP15 permit by the end of March, however with the recent emergence of the shale gas potential in Norwest’s Northern Perth Basin acreage the nature of discussions have changed and several new players have come to the table.

Norwest is keen to have any farm-out of its operated Perth Basin permits (EP413 and TP/15) reflect the value of the shale gas potential. Accordingly the farm-out negotiations are taking longer than previously expected, but are likely to deliver a considerably more favourable outcome for Norwest

'"

Watch this Space

Hi Everybody

Watch this space refers to both NWE and PRR

PRR has a few immediate announcement coming up which may prop up their share price:

1. An announcement regarding their submission of their Orphan Drug Status (ODS) application has been well received and should hearing back from the regulators in March
2. First recruitment of patients for their Phase IIb Ovarian Cancer USA FDA trials are due in March as well
3. Also Prima are due for their submission of Phase III European trials to the regulatory body in around April-ish I believe
4. Dendreon's FDA approval due (by the latest May 1) will have a welcomed effect on the share price of Prima..

NWE has a few share price impacting announcements due:

1. Farm-Out Agreement announcement. Cheif Executive Officer Peter Munachen had stated in a recent media article that Norwest is well advanced with negotiations with both domestic and international firms and aims to finalise the farm-out of half the permit of TP 15 whilst retaining operatorship by March this year
2. Wessex Basin Update - Mr Munachen had indicated that although the Perth Basin projects had potential, the Wessex Basin "can be a monumental company maker'"

Now whilst this information is for educational purposes only, I can not stress how important it is to do your own research, which is why most posters on forums write the phrase DYOR (Do Your Own Research). Whilst these shares may go up on anticipation of these announcements these two stocks are highly susceptible to underlying forces (ie Big boys with big money = string pulling etc).. For example, PRR is susceptible to their main funder, that being SpringTree. As we know, they have been allocated a bucket load of shares, however have not had to appear in the shareholders owning 5% list.. and fundly enough the share price seems to go down before their allocation, and up after they had been allocated their shares.. Similarly, NWE has had a "sophisticated investors'" placement at 2.3c recently and the appendix has been released.. so Together with their lower highs, and lower lows, how knows if it will break their 2.7c fib retrance level and head lower to 2.1c?

Do not take my opinion that I state in ANY of my posts as fact or even as advice. Do your own research because at the end of the day, it is your money and your call

NWE - Capital Raising

Now that the placement has been completed and issued, we can move forward with the company..
I'm telling ya, for those people who predicted that we weren't going to do a cap raising and that the bucks would be banged in from the JV I think were majorly incorrect.. I have had the pleasure of working on many a legal projects that have gone through a joint venture agreement and tell ya. a company with NO money isn't really in a bargaining position.. If you have cash, the longer you can hold out on agreement, the less the JV partner will vulture you (taken from the vulture fund style of acquisition).. Also, you need the cash in case the deal falls through and you need to litigate or enforce the contract through the legal system, hence 9 times out of 10, a company needs to have money in order to make money..

This spare $2 mil will definitely produce a better deal imo..
We now can weed out the onerous terms in the advanced agreements between any JV contract and now have the time and cash to hold our position until any such signature is placed on the final signing..

Imo any of our prospective JV partners have lost a key bargaining position with the announced cap raising (in that we, at the moment can support ourselves for a good period of time)

Before this cap raising, the only concern I had about NWE was it's low financial position.. and now that has been resolved, to me that has derisked the company a heck of a lot!. (imo)

I have bought all that I can afford at the moment..... However If the sophs are going to sell it down to 2.3c-2.5c, I will definitely be lining up to buy at those levels.. However IF I were a soph, and obviously I would be investing 10s of thousands, even hundreds of thousands, I would have researched the company thoroughly and come to the conclusion that sizable (company-making) sets of announcements are in the works.. and come to the conclusion that I could at least double/triple my investment in a fraction of a year if I wait until the announcements are made/digested..... That is what I think the sophs will do, that is wat I think they believe their opportunity is wen they bought into this cap raising place ..... That would be the common sense thing to do, however, the funny thing with common sense is, is that it's not that common!!!!! LOL

NWE UPDATED

Posted by Tweetypie on Hotcopper in response to the Quarterly Report, 29.01.10 Some TP comments on the Quarterly:- They're drilling TP15, Xanadu & Red Hill this year. NWE is firming up farm-in partners for the entire portfolio and working with Well Construction & Drilling Engineers to plan the drill. This really has the possibility of being a major Company maker imo; I like the interpretation they put on the acquisition of Origin Energy's 49% on EP413, which is pretty much what I thought in that it was outside of Origin's core business and therefore spun off to its lesser partner ie; NWE; Assessments are still continuing on the UK prospects, which are expected to be received by the end of Q1 2010 ie; by the end of March. Again, has massive potential imo. This will be a very interesting year for NWE this year - don't ask me why some are selling, personally I am looking to buy more and am already sitting on a bundle. Posted by Young-Trader on Hotcopper in response to the Quarterly Report, 29.01.10 Key part I gleaned from NWE's qtrly is the farm out for TP/15 is getting a whole lot more serious "With the confirmation of Xanadu and Redhill South being prime drill targets, farm-in negotiations have advanced satisfactorily with interest from both Australian and international players. The addition of the increased interest in EP413 to Norwests exploration portfolio in the Perth Basin has attracted the interest of potential farminees, not just in TP15, but Norwests entire portfolio in the basin."

A really good post I have read on the HotCopper Forums has been from GrayNomad, who has given a lot of thought and expertise in regards to a farm-in agreement (predicted by all).....

-----

In NWEs ASX announcement dated 18 January 2010 regarding TP15 Update (Perth Basin), Peter Munachen CEO Norwest Energy stated :

Detailed interpretation by Norwest Energy (ASX: NWE) of the airborne FTG (full tensor gradiometry) survey results has confirmed the structural integrity of the Xanadu and Redhill South prospects, supporting the companys preliminary view of October 2009 that these are the prime targets for the 2010 drilling season.

The two targets Xanadu and Redhill South are in an underexplored northern Perth Basin permit, TP/15 (Norwest 100%).

The company plans to drill at least one, and possibly both, of these targets during Q4, 2010 and is now focused on progressing both the drilling and farm-out processes. Importantly, both wells can be drilled from onshore sites using deviated drilling techniques.

To achieve the drilling objectives Norwest is in the process of appointing a well construction/drilling engineering specialist group to assist with sourcing a suitable drilling rig, well design and with planning and permitting.

Interpretation confirms targets
Interpretation of the FTG survey undertaken by Bell Geospace confirms the Xanadu seismic interpretation map. Norwest believes the prospect has a potential 98 million barrels (MMbbl) of oil in place with potential for 27MMbbl of recoverable oil. Additionally, the Redhill South prospect could hold up to 27MMbbl oil in place with potential for 7MMbbl oil recoverable, which would be of a similar size to Jingemia, a nearby onshore producing field.

Now the FTG data over TP/15 has been interpreted and the highly prospective drill targets have been confirmed, farm-in negotiations have gathered pace, Mr Munachen said. We are in advanced discussions with a number of companies, both international and local.


i.e. Now that they have interpreted the FTG results for TP15, they are progressing both the drilling and farm-out processes farm-in negotiations have gathered pace, Mr Munachen said. We are in advanced discussions with a number of companies, both international and local

Ive been a thinkin to keep the punters occupied while we wait for the flurry of announcements over the coming months re: Quarterly Activities Report; TP15 survey results; JV/farm-in partners; Nth Erregulla survey results; appointing a well construction/drilling engineering specialist group to assist with sourcing a suitable drilling rig, well design and with planning and permitting; interpretation of FTG survey of southern Englands Wessex Basin tenements to pass the time, I thought we could speculate on who the JV/farm-in partner could potentially be :-)

After trawling through nearby oilers websites, I think that an AWEsome JV Partner would be

AWE Limited (AWE, formerly Australian Worldwide Exploration Limited), who are engaged in exploration, development and production of oil, gas and condensate in Australia, Argentina and New Zealand. AWE concentrate on exploration and appraisal-type assets, in regions of proven prospectivity and where there is a high chance of commercial success.

2008-2009 Highlights

* Strong production performance for the year
* Reported profit of $89 million, despite the tough economic conditions
* Oil and gas reserves rose by 30% to 69 million BOE
* A substantial exploration campaign started, with $175 million to spend in 2009-10
* Company recorded zero LTIs for the year, with no environmental issues
* Balance sheet remains strong, with $356 million cash and no debt
* AWE continues to identify and pursue value accretive acquisitions in our core business to help generate business growth

Source: www.awexp.com.au/irm/content/09annualreport/highlights.html

Chairmans Review 2008-2009

As a result of prudent management, AWE is blessed with a strong balance sheet, cash in reserve and zero debt. We have taken the strategic view that exploration represents our best opportunity to deliver significant growth in shareholder value and have accordingly committed over $175 million to a drilling program over the next 12 months. Concurrently we continue to evaluate merger and acquisition opportunities but we will be primarily driven by our technical assessment of the rocks and the fluids to ensure that only profitable additions to the portfolio are pursued.

Source: www.awexp.com.au/irm/content/09annualreport/chairmansreview.html

So why do I think AWE would make an AWEsome JV Partner?

AWE is a mid-cap oil producer and explorer with producing tenements in the Perth Basin either side of NWEs TP15 (100% owned) near-offshore coastal strip.





AWE have:
* a Market-Cap of $1.477billion
* no debt
* a strong balance sheet with $356 million cash reserves
* 8,746,000 boe Total Production for 2009
* already established infrastructure and producing wells (oil and gas) both on-shore and off-shore near TP15 targets
* current JV involvement with NWE in EP413 and L14
* recently indicated they are looking for merger/acquisition opportunities
* a strategic view that exploration represents their best opportunity to deliver significant growth in shareholder value.
* Indicated that they are going to spend $175 million on exploration in 2009-10. (NWEs market cap is $17 million).





AWE have 69 mboe oil and gas reserves. NWE potentially has 115 mboe recoverable oil reserves (yet to be proven).
Oil production in the nearby Cliff Head field peaked at 12,000 boepd and is currently 3,500 - 4,200 boepd. They are currently planning workover operations to try and improve production. NWEs nearby, potentially new fields must be a tempting proposition.

I think a JV/merger/take-over (friendly or hostile) by AWE would be AWEsome and help unlock value for NWE shareholders.

What do you think?

As always DYOR and good luck to current and future NWE holders!

Cheers,

GrayNomad :-)

NWE

This was posted on www.hotcopper.com.au on 12 December 2009 by TheDhon, who received 100+ positive ratings for this post alone. NWE is officially on my radars now..........

NWE is the biggest bargain on the ASX and is extremely under-priced at present. I was on KAR, MEO, BUY and BCC but i must admit none of those multi-baggers excited me as much as this stock.

The company has been around for over 10 years and pre-GFC was trading at over 30c. It is currently trading at around 3.5c and i believe the company is in much better shape now than it was before.

Here's why:

a) EXCELLENT MANAGEMENT:

The recently appointed chairman, Michael Fry is a real Gem.
He also happens to be the Chairman of Redfork Energy (RFE). I'm sure everyone knows about the magnificent run of RFE over the last 12-18 months. Michael has increased RFE's market capital by 500%. This guy is connected.

b) ONGOING INCOME STREAM - PRODUCTION/ROYALTIES:

---1) Vulcan/Puffin: 

NWE has a 1.25% overriding royalty which up until production was halted by AED and its partners was netting NWE around $2.2m. This income stream has recently been confirmed to re-commence.

The immediate NPV of Puffin is approximately $15 million
based on over 20Mbls of oil reserves (p50).

As young-trader has mentioned, this alone equates to a share price of 2.9 to 3c! (current price)


---2) Jingemia, Onshore Perth Basin:

NWE has a 1.278% working interest. This deal, although not large, provides the company with another income stream which has thus far netted in excess of $3million. 


c) MASSIVE, HIGH IMPACT DRILLING PROJECTS THAT WILL SIGNIFICANTLY RE-RATE THE COMPANY:


---1) The game-breaker (TP15) - Perth Basin(100% interest).

Comprises the potentially massive Xanadu project. Once the general investment community become aware of this, i honestly believe that NWE will rapidly test its previous high's (10c minimum upto 30c)-important to remember that 
there was a massive discovery nearby (ROC's Cliffhead Oil Field), improving the prospectivity of the area.

Let there be no doubt that this is a potential Company maker and has been compared with BUY's PEP11 (the share price of which went from 3c to 17c in anticipation of drilling and news of farm-out - and its important to note that BUY only has a 15% free carried interest at PEP 11 while NWE has 100% interest in TP15!)

We are eagerly waiting for survey updates, farm out news etc. 

From the quarterly activities report:

"Norwest now holds 100% interest in the TP-15 licence having acquired an additional 90% interest earlier this year from ROC Oil (WA) Pty Limited (ROC) and ARC Energy Limited (ARC) and it is already discussing farm-in opportunities with a number of parties. It is also important to note that the TP/15 permit has a number of significant leads and prospects and is located in a region with producing oil and gas fields including the Cliff Head oil field to the west (seaward ) and the Jingemia, Hovea and Dongara onshore producing fields to the east. The TP/15 License will be the key focus area for Norwest over the next 12 months. The Xanadu West prospect is currently the prime target within TP-15 with potential volumes - P50 at, 90 million barrels of oil in place based on mapping and available data.

The company plans to drill at least one, and possibly both, of these targets during 2010 and is now focusing on progressing both the drilling and farm-out processes. Importantly, both wells can be drilled from onshore sites using deviated drilling techniques.
Following the preliminary review of the FTG survey, Norwest now has enough information to confidently work on identifying and securing a suitable drill rig, and to begin the planning and permitting processes for drilling either, or both prospects in Q4/2010. In parallel, the company will further evaluate data from the FTG survey in conjunction with other data in order to mitigate risk and determine the optimum drill sites.
TP/15, whilst situated in a working petroleum basin, has been underexplored and through the use of the low-cost, high-technology FTG, Norwest has unlocked the potential of TP/15.


Xanadu has a potential of 98MMbbl oil in place and 27MMbbl recoverable. The prime targets are the High Cliff Sandstones and Wagina Sandstones, which are the producing reservoirs for several fields in the northern Perth Basin, including the 60MMbbl oil in place, Cliff Head project, 10km north-west of Xanadu.
Norwest is in ongoing farm-out discussions with several potential partners and now with the FTG results to hand, it is expected that these negotiations will gather pace."


---2) THE UNITED KINGDOM (Onshore southern England)

- Permit 238, Dorset (NWE 50% interest & Operator) comprises over 200 sq. kms right next door to BP's giant Wytch Farm oil field which has total est. reserves of 500mbls of oil (current worth = approx $35Billion!). 

The Seismic Surveys are currently being interpreted and additional geological information is also being purchased - these results should be released any time now and again, could re-rate the company massively.

- Permit 239, Isle of Wight (NWE 75% interest & Operator) again, Seismic & GGI Surveys have been completed and are currently being interpreted - these results should also be out any time now.


d) DIVERSITY OF PROJECTS - many feathers in their cap.


---1) EP/368 & EP/426 - North Erregulla, Perth Basin (20% interest in each). 

Oil targets of 30Mbls of oil! Seismic surveys will be undertaken once approvals are received for an equity swap of JV partner-also presumably this year.


In conclusion, NWE is an extremely under-priced company which has a multitude of high impact projects which will no doubt capture the attention of investors in the not to distant future. Add to this a gun management team and a regular income stream at no cost to them and you have the ingredients of a high quality investment.

IMO the most enticing part is that all of NWEs projects mentioned above (Puffin notwithstanding) are currently valued at zero (Puffin royalty alone at present is worth a share price of 3c). How's that for upside?

With so many company-making projects and so much news on the way, it bemuses me when shareholders panic and question such an investment because the stock price is at rock bottom.

I have a decent holding in NWE and my investment strategy is to sell a portion of my holdings between 6-8c to enable me to free carry the remaining parcel - which i will hold to the commencement of Xanadu and Dorset drilling.


Please do your own research and don't base your investment decisions on anything contained within my post.

NASDAQ PRIMA RUMOUR

Posted by me on www.hotcopper.com.au on 8 December 2009:

Hi PRR fans Just wanted to outlay my thoughts at the moment.. and OK I'll comment on the NASDAQ listing rumour (even though maybe it's not appropriate)

1. ( edited out )

2. What is Prima Cash position atm!? Well, let me tell you..... I'm not telling any of yous for daytrader sake. I'm telling you to enlighten you as to a long term position on this company as a major growth "theory.'" As per the US investor Presentation released today, Prima has approx $14 Million Australian Dineros (?)..... Prima has to come up with a solution bcoz they need cash in order to conduct PhIIb (US) and phIII (US) trials. They also need to AT THE SAME TIME, conduct PHIII European trials. They furthermore need to begin EARLY commericalisation in AUS/NZ. There are numerous solutions..... Which are:

3. Partner up with a venture with a major pharmaceutical company. I have read in numerous articles that pharacutical companies are looking to the future for big drugs, especially that of vaccines (such as Prima's) that prove themselves in trials. Vaccines are relevitvely new, so trial outcomes are important especially wen it comes to cancer (which has plagued the human race since the dawn of time (possibly)). The fact is, that can u tell me wat DOESN"T CAUSE cancer these days?? microwaves ovens cause cancer, tvs cause cancer, THE SUN causes cancer, electricity causes cancers and even eating certain types of foods cause cancer (so I've been told)...... Of the 21th Century, wat is going to be the most epic medical discovery do you think? cancer elimination (IMO) Pharmacutical firms will be ALL OVER Prima once they find out what their vaccine can actually do for women! They need trial results first on a larger study first tho..

4. They could do mOre and more SPP's.. (possible) however if they do, u would expect that they bring everything to commericalisation on their own, wouldn't u ?

5. A listing in the US. Do you think a float on the NASDAQ @ 60m shares at a buck would improve Prima's position? AND IF A BIG PHARMACEUTICAL company did want to takeover PRIMA, they would have to bargain and argue with our millions of US dollars (Better bargaining position with money to back us up). A listing in the US would be costly, as there are a tonne of regulation expense, however, who can argue if the money above was raised!? That's less shares than our SPP wasn't it? I'm too lazy to even look, bcoz I kno that PRR.AX will be a huge growth share..... If u take a long term look at the globe, wat do they need to improve? They need to eliminate sicknesses that in 100years we will look back at and say,, "oh, in 2010, we were primitive however, lucky that cancer is under control.'" and also, energy.. we can't rely on oil and gas for too many decades into the future.. They are already coming out with hybrid cars and what not.....power stations, alternative energy.......... Check out the case study of Rosalie Rogers I believe (Think that is her name)..... That is Prima's hybrid car.. although, she is much much more than that (no disrespect what so ever intended). WIth regards to a US listing, there have been numerous rumours that Martin Rogers (CEO) has been talking to numerous brokers regarding this.. or to be more correct, they have been promoting the idea of a US listing with him..... AGAIN this is speculation and rumour. However, how much is rumour and how much is truth can be blurred at times..... interesting isnt' it?

6. This is ALL entirely my own thoughts and please do not take this as post as fact..... but merely as opinion. Do your VERYY own research www.yaniks.blogspot.com