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Assam Company
Tracked by: 0 Boarder
Canoro Has Positive Results at Amguri 12
CALGARY, ALBERTA--(Marketwire - Oct. 2, 2008) - Canoro Resources Ltd. (TSX VENTURE:CNS) has completed drilling through the Barail Formation at Amguri 12. Based on initial log and drilling results, the Barail Formation looks comparable to that found in the Amguri 11 well (Amguri 11 had 65 meters of net pay and tested 3,190 boe/d). Log results of the upper hole suggest that the basement will come in high to Amguri 11. Therefore, the plan is to set casing over the Barail Formation and continue drilling to basement to evaluate the Basal Sandstone exploration prospect prior to testing the Barail Formation, at which point we will have conclusive test results.
Amguri 5 Work-over
The shallow depth rig has successfully worked over the Amguri 5 well to reduce water production and maximize remaining reserves. Initial gross production from this well is expected to be between 150 to 200 boe/d and on-stream prior to year-end.
Amguri 14 Drilling
The shallow depth rig has now moved to Amguri 14, a Tipam appraisal well, and started drilling operations. This well is testing a structurally high feature in the Tipam formation similar to the productive gas zone and oil tests at Amguri 2 and 8A.
After Amguri 14 is drilled, the rig will be moved to drill the Dergaon 2 appraisal well.
Amguri Development Plan
With the positive drilling results to date, the company is nearing completion of its full field development for submission to partners and the government prior to year-end.
Exploration Update
In the Naga Foothills on the AA-ON/7 exploration block, work is ongoing for the construction of the access road and well-site to drill the deep sub-thrust well. Drilling operations on this well are expected to begin early in 2009.
On the AA-ONN-2003/2 block, where Canoro is a non-operator, construction activities continue for planned drilling operations in the first quarter of 2009.
...
In reply to:
buy
Posted by :
JFA
Total reserves - Approx 25000 - 35000 Boe per day
Discovered - 4200 Boe per day
Current production - 1500 Boe per day ( one third of discovered oil & gas)
Average net recoveries after deducting royalities & expenses - £41 per BOI (as per latest report from Canoro).
Assam company share ( 40%)- 1500/100*40 = 600 boe per day
Net profit from oil & gas assets
600*40 ( net recoveries)*45 ( US$)= Rs 1,080,000 per day
Quarter = Rs 1,080,000 per day * 91 = Rs 9.82 Crores
Annual = Rs 9.82 Crores * 4 = Rs 40 Crores
Company is planning to increase production to 4200 boe by 2009.( Already discovered)
Projection
Assam company share ( 40%)- 4200/100*40 = 1680 boe per day
Net profit from oil & gas assets
1680*40 ( net recoveries)*45 ( US$)= Rs 3,024,000 per day
Quarter = Rs 3,024,000 per day * 91 = Rs 28 Crores
Annual = Rs 28 Crores * 4 = Rs 112 Crores
EPS oil & Gas - 112/30 = 4
EPS Tea - 30/30 = 1 ( due to 20% increase in tea prices)
PE 2009 20/5 = 4
Happy Investing
Tracked by: 0 Boarder
No use from its oil reserves. Its like coconut in the hand of
something which cannot be broken and the coconut will be wasted
like that assam company having oil fields. its eating only investors
wealth....
In reply to:
buy
Posted by : JFA
Total reserves - Approx 25000 - 35000 Boe per day
Discovered - 4200 Boe per day
Current production - 1500 Boe per day ( one third of discovered oil & gas)
Average net recoveries after deducting royalities & expenses - £41 per BOI (as per latest report from Canoro).
Assam company share ( 40%)- 1500/100*40 = 600 boe per day
Net profit from oil & gas assets
600*40 ( net recoveries)*45 ( US$)= Rs 1,080,000 per day
Quarter = Rs 1,080,000 per day * 91 = Rs 9.82 Crores
Annual = Rs 9.82 Crores * 4 = Rs 40 Crores
Company is planning to increase production to 4200 boe by 2009.( Already discovered)
Projection
Assam company share ( 40%)- 4200/100*40 = 1680 boe per day
Net profit from oil & gas assets
1680*40 ( net recoveries)*45 ( US$)= Rs 3,024,000 per day
Quarter = Rs 3,024,000 per day * 91 = Rs 28 Crores
Annual = Rs 28 Crores * 4 = Rs 112 Crores
EPS oil & Gas - 112/30 = 4
EPS Tea - 30/30 = 1 ( due to 20% increase in tea prices)
PE 2009 20/5 = 4
Happy Investing
Tracked by: 0 Boarder
Total reserves - Approx 25000 - 35000 Boe per day
Discovered - 4200 Boe per day
Current production - 1500 Boe per day ( one third of discovered oil & gas)
Average net recoveries after deducting royalities & expenses - £41 per BOI (as per latest report from Canoro).
Assam company share ( 40%)- 1500/100*40 = 600 boe per day
Net profit from oil & gas assets
600*40 ( net recoveries)*45 ( US$)= Rs 1,080,000 per day
Quarter = Rs 1,080,000 per day * 91 = Rs 9.82 Crores
Annual = Rs 9.82 Crores * 4 = Rs 40 Crores
Company is planning to increase production to 4200 boe by 2009.( Already discovered)
Projection
Assam company share ( 40%)- 4200/100*40 = 1680 boe per day
Net profit from oil & gas assets
1680*40 ( net recoveries)*45 ( US$)= Rs 3,024,000 per day
Quarter = Rs 3,024,000 per day * 91 = Rs 28 Crores
Annual = Rs 28 Crores * 4 = Rs 112 Crores
EPS oil & Gas - 112/30 = 4
EPS Tea - 30/30 = 1 ( due to 20% increase in tea prices)
PE 2009 20/5 = 4
Happy Investing
...
In reply to:
buy
Posted by :
Guest
Special with Assam company is that from June 08 it quarterly profit increased by 7-10 crores due to oil & gas sale but company paid land compensation amounting 10 cr which was wrongly disclosed in previous quarter, as a result profit for june08 are in line with June 07. This quarter also profit will be plus 9-10 crores. We are expecting profit in the range of 20-24 crores for sep 08. Stay invested. At 20,its value buy.Due to bear market this stock is hovering around 19-22.During bear market only those company stock prices increase whose sales and profit increase rather than decrease in revenue.
Tracked by: 0 Boarder
Total reserves - Approx 25000 - 35000 Boe per day
Discovered - 4200 Boe per day
Current production - 1500 Boe per day ( one third of discovered oil & gas)
Average net recoveries after deducting royalities & expenses - £41 per BOI (as per latest report from Canoro).
Assam company share ( 40%)- 1500/100*40 = 600 boe per day
Net profit from oil & gas assets
600*40 ( net recoveries)*45 ( US$)= Rs 1,080,000 per day
Quarter = Rs 1,080,000 per day * 91 = Rs 9.82 Crores
Annual = Rs 9.82 Crores * 4 = Rs 40 Crores
Company is planning to increase production to 4200 boe by 2009.( Already discovered)
Projection
Assam company share ( 40%)- 4200/100*40 = 1680 boe per day
Net profit from oil & gas assets
1680*40 ( net recoveries)*45 ( US$)= Rs 3,024,000 per day
Quarter = Rs 3,024,000 per day * 91 = Rs 28 Crores
Annual = Rs 28 Crores * 4 = Rs 112 Crores
EPS oil & Gas - 112/30 = 4
EPS Tea - 30/30 = 1 ( due to 20% increase in tea prices)
PE 2009 20/5 = 4
Happy Investing
...
In reply to:
buy
Posted by : dineshsahay
dhalpya,,
On Assam Company;
The company has given dividend @ 10% in last yearly results and it is expected with tea business and upward movement of tea prices, we can see some good results and stock can touchRs35/40 after the results.One can hold and buy on dips only. It is good for medium to long term.
buy
Posted by : dineshsahayTracked by: 0 Boarder
dhalpya,,
On Assam Company;
The company has given dividend @ 10% in last yearly results and it is expected with tea business and upward movement of tea prices, we can see some good results and stock can touchRs35/40 after the results.One can hold and buy on dips only. It is good for medium to long term....
In reply to:
buy
Posted by : dhalpya
all the companys will announce q2 results in oct08 onwards what is special wth assam,any idea?i have gone deep in this at 39 x 1000,shd i get chance of exit?
Tracked by: 0 Boarder
Special with Assam company is that from June 08 it quarterly profit increased by 7-10 crores due to oil & gas sale but company paid land compensation amounting 10 cr which was wrongly disclosed in previous quarter, as a result profit for june08 are in line with June 07. This quarter also profit will be plus 9-10 crores. We are expecting profit in the range of 20-24 crores for sep 08. Stay invested. At 20,its value buy.Due to bear market this stock is hovering around 19-22.During bear market only those company stock prices increase whose sales and profit increase rather than decrease in revenue....
In reply to:
buy
Posted by : dhalpya
all the companys will announce q2 results in oct08 onwards what is special wth assam,any idea?i have gone deep in this at 39 x 1000,shd i get chance of exit?
Tracked by: 0 Boarder
all the companys will announce q2 results in oct08 onwards what is special wth assam,any idea?i have gone deep in this at 39 x 1000,shd i get chance of exit?...
In reply to:
buy
Posted by : dineshsahay
Marketbear,
Yes, you are right, Assam company is a good buy at the current price as 2nd FY09 results are to be annonced in october08.
regards
buy
Posted by : dineshsahayTracked by: 0 Boarder
Marketbear,
Yes, you are right, Assam company is a good buy at the current price as 2nd FY09 results are to be annonced in october08.
regards...
In reply to:
buy
Posted by : marketbear
Assam Company is only buy at current levels as it is good fundamental company as positive developments can take stock only higher. Any weakness in the stock should be used to accumulate the stock
Tracked by: 0 Boarder
Assam Company is only buy at current levels as it is good fundamental company as positive developments can take stock only higher. Any weakness in the stock should be used to accumulate the stock...
assam company prospects
Posted by :
rockstanTracked by: 0 Boarder
What one shiuld do with assam Company? What are its prospects and the possible yield in a year time. ...
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