Transeuro - Comeback möglich ?!
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deutlich nach oben !
Ohne News allerdings (bisher?)
nicht kaufen !
Also entweder in Canada oder warten bis bei uns Umsätze reinkommen
Wünsch ihm jedenfalls viel Glück und Geduld mit Transeuro - und natürlich im Endeffekt einen Gewinn
Der Kurs ist an Canada gebunden und deshalb bei uns grad viel zu hoch - wer grad so teuer gekauft hat sollte bzw. muss jetzt deshalb wohl länger halten !
PS: Ihr seid wohl alle im starken Pennyfieber ??!
relativiert wenns hier weiter hoch geht !
Meinereiner hält jedenfalls hier länger
http://www.ariva.de/forum/Pending-NEWS-420390?search=transeuro
*voreilig deshalb weil sie das hier wohl für einen Pennyzock hielten und blauäugig zu teuer kauften
Wer hier ungeduldig ist muss halt einen Verlust in Kauf nehmen -
ich habe ja mehrfach drauf hingewiesen das ich Transeuro für ein längerfristiges
Investment halte.
Die Käufer werden sich wohl bald noch richtig freuen
Good Luck
Damit ihr dies seht müsst ihr "Handelsplatz" Frankfurt in
Oslo ändern !
Der bisherige Anstieg könnte ein Vorbote für sehr gute Ergebnisse sein !
Werde auch mal schauen, wie die Stimmung dort ist. TEM kam gestern mit neuer BUY-Empfehlung mit Kursziel 0,60 NOK.
Transeuro (TSU) has scheduled its Q3 report for Tuesday, November 30. We expect a net loss of CAD -0,7m based on a marginal production level from the Beaver River field in Canada (131 boe/d net, based on Questerre’s report).
The focus remains on whether and when TSU manages to resume drilling the Karl-101 well in Ukraine, in a discovered but unproduced Karlavskoye gas field. The Karl-101 well was drilled in 2008 when a well control incident and then the withdrawal of the project partner RAG led to the well being suspended at a depth of 2 750m. TSU now plans to drill a sidetrack in the well from a depth of 2 700 to 3 500m, and then test two or more intervals. A contract for a drilling rig has already been signed with the drilling expected to commence in Q4 2010. TSU targets around 5 000 boe/d flow from the well.
Under the estimated cost of drilling and testing of the Karl-101 well of around USD 5m being approx. equal to the estimated proceeds from the sale of the Eaglewood (EWD) shares (more than 4 mill. shares have been sold since the end of Q2 with less than 2 mill. remaining), TSU could potentially drill and get results from the well without raising additional money. The chances of this have increased after the agreement with Questerre in September upon which CAD 4,3m of TSU’s payables will be extinguished.
If TSU is not able to finance the well from its own funds, other options would be a farm-out of the Ukraine licenses (finding a partner to pay the costs), selling the drilling rig in Armenia or the back-in option to a 10% interest in EWD’s exploration licenses in Papua New Guinea. The last option is a share issue.
Please find 3 scenarios of a development in TSU with impact to shareholders:
Scenario 1: Financing is insufficient to bring results from the Karl-101 well. In such a case, we estimate TSU could run out of cash during the next 12 months and a dilutive share issue would likely be necessary.
Scenario 2: Karl-101 well appears non-producible. Although TSU would likely plan other wells in Karlavskoye, the success probability of the field would reduce. In the worst case, applying a 0% success probability for Karlavskoye, we would find the TSU share to be worth NOK 0,08. TSU would probably also require a dilutive equity issue to finance more wells.
Scenario 3: Karl-101 well is successfully put on production. Assuming 60% recovery of the P50 resources of 425 Bcf with 60% geological chance of success, an additional exploration prospect of 500 Bcf with 60% recovery and 30% geol. succ. and condensate yield of 25 b/mmcf, we see TSU share worth up to NOK 3,37 if increasing the general Karlavskoye succ. prob. to 100%.
We see it more likely than not that Karl-101 drilling will be resumed in Q4, which should bring a positive market sentiment. The recent insider buys, amounting to ca NOK 250 000 during the last month, also speak in favour of a break-through in Ukraine. Encouraged by the improved financial position, we lift the general success prob. for the Karlavskoye field to 25% (from 10%), leading to an increase in the SOTP value to NOK 0,81 per share, a raise of the target price to NOK 0,60 and an upgrade to Buy. Please note that the recommendation is speculative and bears a very high risk!
(CADm)Q3 2010eQ2 2010
Revenues0,20,2
EBITDA-0,6-0,3
Pretax profit-0,7-2,4
EPS adjusted (NOK)-0,01-0,01
Conclusion
We see it more likely than not that the drilling of the Karl-101 well will be resumed in Q4, bringing a positive market sentiment. We upgrade Transeuro to a Buy, emphasizing that this is a speculative and highly risky recommendation.
The Dafora drilling rig is being transported to the Karl-101 location and currently 85% of components are on site, with approximately 25% rigged up. Die Dafora Bohranlage wird an der Karl-101 Standort transportiert und derzeit 85% der Komponenten sind vor Ort, mit etwa 25% zurechtgebastelt. Re-entry operations on the Karl-101 well are expected to commence before the end of December. Re-entry Operationen an der Karl-101 gut zu beginnen, bevor die Ende Dezember erwartet.
Transeuro is involved in the acquisition of petroleum and natural gas rights, the exploration for, and development and production of crude oil, condensate and natural gas. Transeuro sich mit dem Erwerb von Erdöl und Erdgas Rechte, für die Exploration, Entwicklung und Produktion von Rohöl, Kondensat und Erdgas tätig. The Company's properties are located in Canada, Armenia, and Ukraine. Liegenschaften des Unternehmens in Kanada, Armenien und der Ukraine. In addition, the Company owns shares in Eaglewood and holds a back-in option to their exploration licenses in Papua New Guinea. Darüber hinaus besitzt das Unternehmen Anteile an Eaglewood und hält ein Back-In-Option, um ihre Explorationslizenzen in Papua-Neuguinea.
On behalf of the Board of Directors Im Namen des Board of Directors
Aage Thoen, Chairman Aage Thoen, Vorsitzender
The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. Die Aussagen in dieser Pressemitteilung, die keine historischen Fakten sind zukunftsgerichtete Aussagen, die Risiken und Unsicherheiten, aufgrund derer die tatsächlichen Ergebnisse erheblich von den angestrebten Ergebnisse könnten zu beteiligen. The Company relies upon litigation protection for forward looking statements. Das Unternehmen stützt sich auf den Schutz vor Rechtsstreitigkeiten zukunftsgerichtete Aussagen.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Oslo Bors accepts responsibility for the adequacy or accuracy of this release. Weder die TSX Venture Exchange noch ihr Regulation Services Provider (ein Begriff, wie in den Richtlinien der TSX Venture Exchange definiert ist) noch die Oslo Bors übernimmt die Verantwortung für die Angemessenheit oder Genauigkeit dieser Pressemitteilung.
Transeuro Energy Corp. SVP +1 604 681 3939 Transeuro Energy Corp. IR +47 91 729787 www.transeuroenergy.com Transeuro Energy Corp SVP +1 604 681 3939 Transeuro Energy Corp IR +47 91 729787 www.transeuroenergy.com