Energy

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Oilfield Services Industry Presentation by FRC at the Investorideas.com Oil and Gas Conference (audio and slides presentation)

Fundamental Energy Monthly:  Oversupply and a weakening U.S. economy put downward pressure on oil prices


 

Bontan Corporation Inc.

Bontan Corporation Inc. is a North American based oil and gas company headquartered in Toronto, Canada. Through its wholly owned subsidiary, Bontan Oil and Gas Corporation, it seeks highly visible opportunities that offer exciting and attractive projects in countries around the globe with a history of oil and gas production. It plans to minimize exploration risk by bringing in either joint venture, carried, or working interest partners.

(OTC: BNTNF, Quote)
10/31/2005
Exploratory Well Unsuccessful; Downgrade to SELL (3 Pages)
Subscribers Only
09/14/2005
Initiating Coverage (18 Pages)
Subscribers Only

 

 

CBM Asia Development Corp..

CBM Asia Development Corp is a Canadian Based company focusing on the exploration and development of coal bed methane in Indonesia. The company holds 40% interest to explore the Kutai and Sangatta blocks in the Kutai Basin. The company has recently entered into a Production Sharing Contract (PSC) with the Indonesian government to develop and produce CBM in a 760 km2 area. The company holds 18% net interest in this property.

(TSX-V: TCF, Quote)
04/08/2009
Subscribers Only
03/18/2009
Initiating Coverage; Exploration and Development of Coal Bed Methane in Indonesia
Subscribers Only

 

 

Canoro Resources Ltd.

Canoro Resources Ltd. is a junior international upstream oil and gas company headquartered in Calgary, Alberta, Canada. The company’s principal business is to carry out the acquisition, exploration and development of petroleum and natural gas properties in India.

(TSX-V: CNS, Quote)
01/09/2006
Dropping Coverage (2 pages)
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12/06/2005
Maintaining fair value; promising developments (6 pages)
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10/07/2005
Exploratory well unsuccessful; Reducing fair value
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08/25/2005
FY05 Below Expectations; Macros Positive (11 Pages)
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03/31/2005
Initiating Coverage (25 Pages)
Subscribers Only

 

 

Derek Oil and Gas Corporation

Derek Oil & Gas Corporation, based in Vancouver, Canada, is an oil exploration, development and production company. The company is currently the operator (with a 95% working interest) of an 8,000-acre property (LAK Ranch property) located in Weston County, Wyoming, on the eastern margin of the Powder River Basin, one of the richest petroleum basins in the Rocky Mountains. The LAK Ranch project is expected to commence commercial production this summer.

(TSX-V: DRK, Quote)
06/29/2010
Suspending Coverage
Subscribers Only
02/16/2009
Commencing steam generator project to increase production
Subscribers Only
06/11/2007
Initiating Coverage; Expecting to Commence Commercial Production this Summer (23 Pages)
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Enerchem International Inc..

Enerchem International Inc. is a manufacturer and distributor of hydrocarbon drilling and fracturing fluids designed to provide cost effective solutions to the oil and gas industry and specialty solvents to help resolve production and processing problems. ECH is also a provider of energy marketing services and fluid transportation and other related oilfield services.

(TSX: ECH, Quote)
04/14/2009
2008 Results Show Improvement; Focused on Cost Reductions in Challenging 2009 – Final Report
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09/24/2008
Q2 2008 Revenues Exceed Expectations; Gross Margins Drop; Caution on Oilfield Activity in AB
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03/26/2008
'07 and Q1 '08 Results;Weak YTD Oilfield Activities; Corporate Developments  (13 Pages)
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03/05/2008
Q3 Inline, Q4 Bleak, 2008 No Signs of Recovery Despite Higher Prices (12 Pages)
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08/23/2007
Slowdown Continues Into Q2 as Expected (12 Pages)
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05/11/2007
Significantly Lower Alberta Drilling Activity Impacts Q1 (10 Pages)
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04/10/2007
Weak Q4 and Energy Marketing Lead to Lower Than Expected YE2006 (11 Pages)
Subscribers Only
02/27/2007
Initiating Coverage; Solid Fluid Performance (21 Pages)
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Enterprise Oilfield Group Inc.

Enterprise Oilfield Group Inc. provides small diameter pipeline construction and directional drilling services to central and northern Alberta's oilfields and utility infrastructure sector. The company’s utility infrastructure business reduces the company’s exposure to the cyclical oil and gas industry, and provides installation of underground power, telecommunications and natural gas lines to utility and telecommunication companies.

(TSX: E, Quote)
11/02/2009
Q2 2009 Update – Revenues inline with Expectations – FINAL REPORT
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08/13/2009
Q1 2009 Update – Results Below Expectations
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05/07/2009
Update – 2008 Revenues Slightly Ahead of Expectations 
Subscribers Only
01/14/2009
Initiating Coverage
Subscribers Only

 

 

Global Energy Services Ltd.

Global Energy Services Ltd. provides communication systems, wireless gas detection and artificial lift solutions to the oil and gas industry. Based in Calgary, Alberta – with offices throughout Western Canada – Global Energy has been creating cost-effective products and providing superior customer service since 1994.

(TSXV: GLK, Quote)
10/03/2007
Q2 Sales Decline Significantly; Communication Segment Takes $2.3mm Writedown  (10 Pages)
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06/13/2007
Q1 2007 Sales Weaker Than Expected due to Temporary Factors  (8 Pages)
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05/17/2007
YE2006 Below Expectations; Mixed Outlook (11 Pages)
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10/17/2006
Initiating Coverage; Pump Division Growth Not Reflected in Stock (18 Pages)
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Great Plains Exploration Inc.

Great Plains is a junior oil and natural gas company engaged in the production, exploration, development and acquisition of projects in Western Canada. GPX is currently focusing on high netback light oil plays in Alberta, and natural gas plays in NE BC. The company is currently producing 2,200 boepd (approximately 64% gas), with an additional 600 boepd behind pipe.

(TSX: GPX, Quote)
11/6/2009
Daylight Acquisition of Highpine a Positive Sign for GPX – FINAL REPORT
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05/27/2009
Q1 production fell below expectations; Valuation maintained
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03/31/2009
Q4  in line; Temporary drop in production/soft commodity prices will affect 2009 cash flows
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11/14/2008
 Initiating; Growth through acquisitions and drilling; upside potential from Pembina Nisku
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Maxim Resources Inc.

Maxim Resources Inc. (MXM) is a Canadian based junior oil and gas company.  It owns interests in Texas, New Zealand and Thailand.  The company participates as a minority partner in oil and gas drilling projects.  These projects have significant upside potential and also significant risk.

(TSXV: MXM, Quote)
05/21/2007
Unanticipated Delays at South Erin, Trinidad; Final Report (13 Pages)
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12/11/2006
Breakthrough at South Erin, Trinidad (10 Pages)
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07/05/2006
Update on Developments (9 Pages)
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04/12/2006
Initiating Coverage (13 Pages)
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NiMin Energy Corp.

NiMin Energy currently holds projects in the Bighorn Basin in Northwest Wyoming, California (South of Bakersfield), and South Louisiana. Current production is about 820 boepd gross (620 boepd net). Proved plus probable reserve estimates are about 29.06 mm boe (gross); reflecting an enterprise value to reserve ratio of just $2.78/boe.

(TSX: NNN, Quote)
06/16/2010
Q1 meets expectations; Completes C$11.5 mm financing
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04/15/2010
Signs term sheet for long-term debt; Success on the very first well at Wyoming
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01/28/2010
Initiating; Under-developed oil fields, significant in-place resource; EV to reserve  just $2.78/boe
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Petromin Resources Ltd.

Petromin Resources Ltd is an oil and gas company focusing on finding and enhancing petroleum and coalbed methane (CBM) reserves worldwide through C02 Capture and Sequestration (CCS) Technology. Currently, they are focusing on developing two ECBM projects in China. The company also has interests in five projects in Alberta, Canada; four of which are currently producing at 112 bpd net for Petromin.

(TSX-V: PTR, Quote)
05/22/2009
Announces Discovery; Increases production in Alberta
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04/15/2008
Initiating Coverage; Implementing C02 Capture and Sequestration Technology in China (28 Pages)
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Stream Oil & Gas Ltd.

Stream Oil & Gas is an emerging E&P company with one gas and three oil projects in Albania. All projects are currently in production. The company is focused on increasing hydrocarbon production via reactivation and redevelopment of the wells, and by utilizing enhanced recovery techniques.

(TSX-V: SKO, Quote)
08/17/2010
 
05/22/2009
Revenues Inline; Rehabilitation Production Improvement; Delay in Production Payments
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09/25/2008
Initiating; E&P company focused on rehabilitation/ redevelopment of oil and gas projects in Albania
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Texalta Petroleum Ltd.

Texalta Petroleum Ltd. is a junior oil and gas company with some interesting exploration and development projects in the Northern Territory of Australia. The risks associated with exploration are offset by the company’s interest in several existing producing wells in southeastern Saskatchewan, Canada.

(TSX-V: TEX.A, Quote)
02/04/2009
Low-risk model beneficial in current market conditions – FINAL REPORT
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06/03/2008
Increasing focus on Saskatchewan due to “Bakken Rush” and rising Alberta royalties (12 Pages)
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11/22/2007
Signs LOI to transfer up to 60% interest Georgina Basin projects; Fair Value Raised  (7 Pages)
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07/31/2007
Positive Drilling Results at Wild Westwood (7 Pages)
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06/27/2007
Initiating Coverage; Exposure to Highly Prospective Underexplored Aus. Basin (26 Pages)
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Transeuro Energy Corp.

Transeuro Energy Corp. is a global exploration and production (E&P) company with a diverse portfolio of high potential projects in 4 different regions across the world – Canada, Crimean Peninsula (Ukraine), Papua New Guinea and Armenia.  The Beaver River Project in B.C., Canada is currently producing and the fields in Ukraine are expected to start production in 2008. The company is preparing an aggressive exploration and development program (costing $92 million) on all 4 of its properties in the next 12 months.

(TSX-V: TSU, Quote)
05/22/2008
Focusing on Ukraine; Disappointing results in Canada and Armenia - FINAL REPORT (15 Pages)
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07/27/2007
Lowers Risk by Signing LOI to Transfer Ownership of Licenses in PNG  (12 Pages)
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05/08/2007
New Resource Estimates Leads to Increased Confidence  (14 Pages)
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04/16/2007
Initiating Coverage; E&P Co. With Balanced Risk-Return Profile (35 Pages)
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Western Energy Services Corp.

Western Energy Services Corp. (WSV) is a Canadian based oil service company.  It operates primarily in West Texas and Canada.  The main lines of business are coiled tubing services, well testing services, downhole tool rentals and stimulation services.

(TSX-V: WSV, Quote)
12/01/2008
Suspending Coverage (2 Pages)
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07/08/2008
Continuing to focus on production optimization; Significant debt due in 2008 (11 Pages)
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11/09/2007
Repositioned Company; Restructuring Showing Positive Effects (17 Pages)
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08/18/2006
Initiating Coverage (16 Pages)
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