Petrominerales Announces Acquisition by Pacific Rubiales and Formation of Brazil Focused Exploration Company

Highlights of the proposed transactions:

• Cash consideration of C$11.00 per Petrominerales share;
• Petrominerales shareholders also receive one share of ExploreCo for every Petrominerales share held; and
• ExploreCo will have C$100 million cash and will hold 120,013 gross acres (119,321 net acres) focused on the Recôncavo Basin, onshore Brazil.

Eli vastikkeena 11 dollaria per osake plus yksi ExploreCo. osake per omistettu PMG-osake. Tiedotteessa mainitaan, että Explore Co:lle jää 90 miljoonaa käteistä, kun Brasialian tytäryhtiön Alvopetron vähemmistöosakkaat ostetaan ulos, mutta tiedotteessa ei mainita lastataanko ExploreCo:lle velkaa. Jos ExploreCo on velaton niin uudelle lapulle tulisi arvoa noin $0.90-1.50($1,05 käteistä per osake, mutta käytännössä ei lainkaan tuotantoa ja eekkereitä, joille ei ole todistettu olevan arvoa). Vastiketta yhteensä noin 12 dollaria.

Pakkomyyntihän tämä on PMG:lle, joten ehdot ovat olosuhteiden mukaiset. Ilman idioottimaisia panostuksia siirtoputkiin tälle ei olisi ollut tarvetta.

John Wrightille ei ole kyllä tarvetta uudessa yhtiössä.

PMG & PRE haltissa

Kaupankäynti sekä Petromineralisin että Pacific Rubialesin osakkeilla on keskeytetty. Ehkä PRE ostaa PMG:n putket? Todennäköisempää on että PRE ostaa koko yhtiön. Tässä tapauksessa itse PMG:n omistajana toivon osakevaihtoa.

C&C Energia Ltd. Announces Acquisition by Pacific Rubiales Energy Corp. & Creation of A New Colombia Focused Junior Exploration Company

Tiedote: 

CALGARY, ALBERTA--(Marketwire - Nov. 19, 2012) - C&C Energia Ltd. ("C&C Energia" or the "Corporation") (TSX:CZE) is pleased to announce that it has entered into an agreement with Pacific Rubiales Energy Corp. ("Pacific Rubiales") (TSX:PRE)(BVC:PREC)(BOVESPA:PREB) under which Pacific Rubiales will acquire all of the issued and outstanding shares of C&C Energia by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement Agreement"). Under the terms of the Arrangement Agreement, each common share of C&C Energia will be exchanged for 0.3528 common shares of Pacific Rubiales, cash consideration of $0.001 and one common share of a new Colombia focused junior exploration company ("Newco") based in Calgary, Alberta (the "Proposed Arrangement"). Additionally, Pacific Rubiales will acquire a 5% shareholding interest in Newco in the Proposed Arrangement...

Visures-1X

Marraskuun neljäntenä päivä Pacific Rubiales, Petrodorado ja Loon Energy tiedottivat onnistuneesta etsintäkaivosta Buganviles-blokissa.

Kaivoa operoivan PRE:n tiedotteesta:

Pacific Rubiales Energy Corp. announced a new exploratory success at its Visure-1X well, located in the Buganviles Block, Upper Magdalena Valley Basin, Colombia.
The Visure-1X well, located in the Visure prospect, close to the southeastern border of the Buganviles Block, was drilled to evaluate a structural trap, similar to the nearby Abanico field to the northeast. The well had three main exploratory targets: the Cretaceous Lower and Upper Intervals of the Guadalupe Formation and the Tertiary Barzalosa Formation. The well was spudded on October 16, 2010, and reached a final depth of 3,380 feet measured depth (MD) or 2,205 feet true vertical depth (TVDSS) on November 1, 2010. The well was drilled slightly deviated at an angle of 9 degrees and found the top of the Barzalosa Formation at 2,206 feet MD (1,040 feet TVDSS), the Upper Guadalupe Interval at 2,995 feet MD (1,825 feet TVDSS), the Lower Guadalupe Interval at 3,079 feet MD (1,908 feet TVDSS), and the top of Villeta Formation at 3,272 feet MD (2,099 feet TVDSS).

The petrophysical evaluation of the well in the Barzalosa and Upper and Lower Guadalupe Formations indicated a total net pay of liquid hydrocarbons of 114 feet in the three intervals, ranging from 24.5 to 45.5 feet of net pay and 16% to 26% average porosity. In addition to the oil-bearing sandstones, the well also showed gas saturated sandstones in the Barzalosa Formation (3 feet thick).

Kaivon tuotantotestauksen tulokset julkistettiin helmikuun toisena päivänä:

The results of the Visure-1X well, drilled in the Visure prospect, located in the southern part of the Buganviles Block, were released in November 4, 2010. The well was tested in the Lower Guadalupe Formation, resulting in a stabilized average production rate of 46 bbl/d with 14 barrels of water per day. Oil gravity was 15.6 API. The Visure-1X well has now been suspended and the drilling rig released pending evaluation of this production testing. Different production techniques will be evaluated based on the production test analysis to economically produce the significant oil in place encountered in the Lower Guadalupe Formation. Depending on the results, the Company will consider a possible test in the Upper Guadalupe and Barzalosa Formations.

Heikko virtaus, raskasta ölkkää ja vettä. Ei hyvä.
Tuon marraskuun tiedotteen jälkeen pilkin LNE:tä useaan otteeseen noin 10 sentin tarjouksilla, mutta ilmeisesti onni oli myötä ja jäi osakkeet saamatta.

Buganvillesiin ollaan nyt poraamassa toista kaivoa(Tuqueque-1X) ja tämän prospectin koko on PDQn presentaation mukaan selvästi suurempi kuin Visuresin: ennuste P50-reserveistä on 40.3 miljoonaa tynnyriä. Onnistumistodennäköisyys on 34%. PDQn osuus kaivosta reilut puolet, LNE 10% ja loput PREn. Ecopetrolilla on ilmeisesti optio tunkea mukaan 30% osuudella, joka on pois muilta.

Kaivon arvo LNE:lle 40.3MM bblx0.34x0.10x$10=$13.7MM. Kun yhtiön markkina-arvo on alle 7 miljoonaa dollaria tuo näyttäisi ihan kannattavalta riskinotolta, varsinkin kun ottaa huomioon että arvonnan tuloksia ei tarvitse odottaa kovin kauaa.

Myös Visures-prospektilla voi vieläkin olla arvoa, jos ylemmästä Gualupesta irtoaa öljyä. Mutta yhtiön johdon toiminta on varsin hämärää: TMX:n sivuilla on tammikuun 7. päivälle päivätty tiedote, jossa sanotaan että muutamalle yhtiön johtajalle ja hallituksen jäsenelle on annettu 3.5 miljoonaa osaketta palkkiona palveluista. Hassu juttu on että tätä tiedotetta ei löydy yhtiön kotisivuilta, josta kyllä löytyy helmikuun tiedote Visuresin tuotantotestistä. Vielä oudompaa on että Canadian Insiderin mukaan neljä sisäpiiriläistä hankki joulukuun 21. päivä yhteensä 3.5 miljoonaa osaketta suoraan pörssistä. Näyttää siltä että sisäpiiriläiset kusevat osakkeenomistajia silmään oikein kunnolla.

Jos Tuqueque osuu kunnolla LNE vetää puolikkaan tuplan tai täyden ylös(jonka jälkeen sisäpiiri palkitsee itsensä kaikessa hiljaisuudessa muutamalla sadalla miljoonalla osakkeella).

Visure-1x

Petrodorado tiedottaa:

PETRODORADO ENERGY LTD ("PDQ-V") - Exploratory Success In Its Visure-1x Well, Buganviles Block

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Petrodorado Energy Ltd. ("Petrodorado" or the "Company") announces a new exploratory success at its Visure-1X well, located in the Buganviles Block, Upper Magdalena Valley Basin, Colombia.

The Visure-1X well, located in the Visure prospect, to the southeastern border of the Buganviles Block, was drilled to evaluate a structural trap, similar to the nearby producing Abanico field, to the northeast. The well had three main exploratory targets: the Upper, Lower Cretaceous Guadalupe Formation and the Tertiary Barzalosa Formation. The well was drilled slightly deviated at an angle of 9 degrees and found the top of the Barzalosa Formation at 2,206 feet MD (1,040 feet TVDSS), the Upper Guadalupe at 2,995 feet MD (1,825 feet TVDSS), the Lower Guadalupe at 3,079 feet MD (1,908 feet TVDSS), and the top of Villeta Formation at 3,272 feet MD (2,099 feet TVDSS).

The petrophysical evaluation of the well in Barzalosa, Upper and Lower Guadalupe Formations indicated a total liquid hydrocarbon net pay of 114 feet in the three intervals, ranging from 24.5 to 45.5 feet of net pay and 16% to 26% average porosity. In additional to the oil bearing sandstones, the well also encountered gas saturated sandstones in the Barzalosa Formation (3 feet).

The Visure-1X well was drilled in the southwestern flank of the Visure prospect, and confirmed an oil-water contact at 1,970 feet TVDSS in the Lower Guadalupe Formation, and according to the seismic interpretation, the crest of the structure at this level, 0.7 km to the northeast, has been mapped at 1,915 feet TVDSS, which could imply an additional 65 feet of hydrocarbon column for the Visure prospect in the Lower Guadalupe Formation. The Company is now presently preparing the testing of the Lower and Upper Guadalupe formations, and plans to complete Visure-1X as a Guadalupe producer...

114 jalkaa nettoa noilla huokoisuuksilla meinaa kohtuu hyvää ip:tä. Valitettavasti vettäkin on. Toisaalta vesi voi antaa kunnon painetta öljylle.

Huhtikuinen karkea laskelma PDQ:n odotusarvoksi oli noin $590 miljoonaa, markkina-arvo nyt $244 miljoonaa.

...ta

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Wärtsilän moottorit paatissa.

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Uutispoimintoja

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G"hanem, who is well liked and respected in the industry, has over the past few months found himself increasingly at odds with the Libyan power elite over Tripoli's embrace of an aggressive oil nationalism.

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Ghanem sanoi suoraan muistaakseni Upstreamin vai oliko sen BNN:n haastattelussa että NOC ostaa koko Veremexin samaan hintaan mihinkä kiinalaiset olivat sitoutuneet. Libyan johdon toiminta olisi pakottanut Ghanemin syömään sanansa.
Verenexin mukaan llibyalaiset vaativat yhdessä vaiheessa jonkinlaista epävirallista maksua siitä että kauppa olisi hyväksytty. Maksaako Libya koskaan Verenexille mitään tuosta sen löydöstään jää nähtäväksi.

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The Vietnamese outfit has called for bids earlier this year for the construction of a semi-submersible drilling tender similar to the 2006-built West Berani delivered from KeppelFels."

Yli $150k j-u dr:t näyttävät olevan historiaa.

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Itse en ole aiemmin nähnyt BlackPearlissä mitään erityisen kiinnostavaa js vaikka tuo artikkeli ei sisällä juuri mitään uutta tietoa, ansaitsee yhtiö kolmannen vilkaisun. Samalla voisi käydä läpi BlackRock Venturesin kehityskaaren alusta loppuun.

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