AGI - Artumas Group Inc.

[gaudio]

For arkivet(men hvor er oppgangen?? ) :

 

 

07-10-18:T08:15

 

Artumas Group Work Program

 

 

Artumas Group Inc. ("Artumas") (OSE:AGI) announces the next stage of its exploration and development program in Tanzania and Mozambique, which will launch Artumas into high impact crude oil exploration in Mozambique, and move the company closer to commercializing its gas resource base in Tanzania.

 

Mozambique Exploration Work Program

 

In Mozambique, the results of 2D and 3D seismic acquisition will focus exploration drilling on those prospects with the highest chance of discovering commercial quantities of crude oil. With nearly fifty seismic leads in the Rovuma Onshore Block, and more than one hundred leads in the Area One Offshore Block (equivalent in size to more than 400 U.S. Gulf of Mexico blocks), the 2D and 3D seismic programs will significantly improve subsurface imaging in the most crude oil prospective areas of both Blocks. Acquisition of 3300 square kilometres of 3D seismic over the deepwater areas of the Area One Offshore Block will begin January 2008, and acquisition of a large 2D seismic program on the Onshore Block will begin shortly thereafter. Artumas is operating the onshore seismic acquisition while partner Anadarko is operating the offshore seismic acquisition. A minimum of seven wells are planned on the Offshore Block and a minimum of one well is planned for the Onshore Block.

 

Tanzania Development and Exploration Work Program

 

3D seismic acquisition over the Mnazi Bay development area will be used to optimize appraisal and development locations for the Mnazi Bay and Msimbati Gas fields. An appraisal and development drilling program will commence after the 3D seismic has been interpreted, gas commercialization negotiations are advanced, and a drilling rig can be mobilized to the Mnazi Bay area of Tanzania. Eight well locations will fully develop the Mnazi Bay, Mnazi Peripheral and Msimbati Sands, and provide the gas required for one or more large scale gas commercialization projects.

 

Capital Work Program Summary ($US)

 

Drilling program 55 MM

2D and 3D seismic program 52 MM

Commercial facilities 14 MM

Business Development 8MM

 

2008 Mozambique

Exploration Focused On Oil Potential With High Chance of Success

 

Rose and Associates recently conducted a resource play analysis on the Area One Offshore Block showing there is a 68% chance of making at least one oil discovery in a seven well exploration program on the Area One Offshore Block. Under the conservative assumption that standalone discoveries will need to be larger than 115 million barrels (MMbbls) to be of commercial value, the analysis showed there is an 18% chance of making one or more commercial discoveries in a seven well exploration program. If the commercial threshold proves to be smaller, which Artumas believes is the case, especially in the shallow water and onshore areas of the Block, the chance of making one or more commercial discoveries in a seven well exploration program improves significantly. For standalone fields, there is a:

 

26% chance of one or more commercial discoveries with an 80 MMbbl threshold,

37% chance of one or more commercial discoveries with a 40 MMbbls threshold.

In the first quarter of 2008, Artumas will provide separate play analysis for each of deepwater, shallow water and onshore exploration areas in Mozambique. The play analysis will include important results from geochemical tests on the 24 to 27 degree API oil which was produced during production testing of Artumas' Mnazi Bay wells - the first oil production in the very under explored Rovuma Delta Basin.

 

Artumas' Chief Operating Officer, Douglas Purcell states, "Our geologists and partners describe the Rovuma Delta Basin as the last great undrilled Tertiary basin in the world, with geology and hydrocarbon potential similar to the Niger Delta and the Gulf of Mexico. Contract terms in Mozambique are attractive. Based on my experience in frontier exploration and development around the world, including West Africa, commercial thresholds and development costs will be low and the economic potential of an oil discovery will be substantial."

 

2008 Tanzania

Program Focused On Low Risk Commercialization and Development

 

Significant progress has been made on development planning for the Mnazi Bay concession. Specific well locations have been chosen that target the most well developed reservoir sands above regional gas-water contacts, as evidenced by seismic amplitude anomalies and supported by sophisticated geological modelling. Appraisal and development drilling plans for the next three wells on the development area will target the best locations in the Mnazi Bay, Mnazi Peripheral and Msimbati reservoirs. 3D seismic will ensure that development drilling targets these reservoirs at optimum locations.

 

Work continues to identify new exploration potential on the Concession, including a new lead that could be drilled from an onshore location, using the land drilling rig planned for development drilling operations at Mnazi Bay.

Douglas Purcell notes, "Work is progressing on detailed development plans for the Mnazi Bay development area. Two of the development wells we have identified are expected to be significantly better locations than those wells drilled so far; all show potential for commercial hydrocarbon discoveries. With time to plan the drilling program, we will be able to significantly drive down drilling costs which should keep our F&D costs for full field development considerably below US$1.00 per mcf. Combined with low operating costs, the economics of full field development will be attractive at current gas prices and lower."

 

Tanzania Transmission and Distribution Negotiations Nearing Completion

 

Negotiations to secure the business arrangements required for Artumas to transmit and distribute power in the Mtwara-Lindi Franchise Region are nearing completion. The capital expenditure program for securing the facilities, generation equipment and build-out of the transmission infrastructure are all being supported through debt financing arranged with EAIF, while the build-out of the transmission line will also benefit from ORET matching grant funds. The Artumas equity commitment to the power generation, transmission and distribution facilities is expected to be US $ 14 million. Completion of this project will enable Artumas to significantly expand gas production through the existing gas processing facilities at Mnazi Bay, and will almost certainly attract new energy-consuming industry to the Franchise region.

 

 

 

Artumas Group Work Program

[gaudio]

Presentasjon :

 

http://www.newsweb.no/index.jsp?messageId=161521

[nazze]

gaudio, fint at du oppdaterer.

Her er det bare å hamstre videre, gir meg ikke ut på spekulasjoner på hvorfor ikke kursen har tatt av, men den kommer utover vinteren. Er forresten redd for oppkjøp fra Anadarko.

[gaudio]

http://www.artumas.tv/

[gaudio]

Fikk en liten lærepenge idag gitt. Meglerhus kan dra til helvete med sine anbefalinger,spesiellt FS.Skittent spill dette med emisjonen.Jeg sitter nå fortsatt jeg da.Kan ikke annet.Føler meg litt som Northern Lights i TOM.

[Virus]

Imorgen kunngjøres kvartalsrapport.. Hva trur vi om det?

 

Trur vi endelig får den oppgangen vi har ventet på.

[gaudio]

La oss håpe det.

Jeg tror egentlig ikke det skjer noe særlig med kursen før oljeletingen starter.Gass avtalen blir vel bare et lite hopp og så selger man seg ut? Er pessimist nå, men har vært optimist for lenge og mørbanket av First som har anbefalt siden kursen var rundt 70 ned til 34 , og så tar de den ut av porteføljen.Merkelig at de var med på emisjonen og da.....not.Lærepenge dette ,hverken mer eller mindre.

 

Imorgen kunngjøres kvartalsrapport.. Hva trur vi om det?

 

Trur vi endelig får den oppgangen vi har ventet på.

[nazze]

Hallo, fantastiske fremtidsutsikter i AGI.

 

En liten leksjon på hvordan du opptrer ved fallende marked i en aksje du har ståltro på !

På denne måten fjerner du inntekt og dermed skatt, likeså øker du aksjebeholdningen og senker inngangskursen.

 

"Skattemotivert" trenger du ikke være ute i det hele tatt.

 

Siden FIFO (først inn først ut) gjelder skal du først kjøpe på bunn, og så selge samme antall omså til samme kurs. Alt som er realisert +/- gir enten skattefradrag eller gevinst.

 

Du kan overføre aksje fradrag til et senere år, dersom du ikke har høy nok inntekt som dekker fradraget.

Du må selv sørge for at dette fradraget kommer med på neste års likning.

 

Skatteteknisk er det "først inn først ut" som gjelder, så du skal kjøpe mer aksjer først, og så selge de første du kjøpte som har et stort tap.

 

Ved å handle på denne måten får en fradrag for 28% av tapet på likningen. Samtidig får en senket snittet på beholdningen og eier samme antall eller flere aksjer.

 

Dette gjelder selvsagt inngang/utgang i samme aksje.

 

 

http://cws.huginonline.com/A/136496/PR/200711/1171277_5.html

[gaudio]

Lurer på om Mason også skal skrive av tap på skatten?

Det har ihvertfall jeg gjort, som du anbefalte Nazze

Blir mye mer skatt hvis den stiger da, men da er det ihvertfall penger å ta av

 

Konsernsjef kjøper og selger aksjer.

 

 

Kjøper tilbake aksjer

AGI

Konsernsjef Stephen W. Mason i Artumas Group (AGI) har kjøpt 342.000 aksjer i selskapet på termin med oppgjør 13. mars 2008 til kurs 47,41 kroner. Samtidig har han solgt like mange aksjer til kurs 46,43 kroner.

 

Etter transaksjonen er Masons beholdning uendret på 810.000 aksjer.

[nazze]

Flott gaudio,

Mr. Mason tenker nok skatt han også !

 

Jeg har alltid noen aksjer i portefølgen som er såkalt 'høyrisiko'.

Enten tar de av, eller så bruker jeg dem til skatte reduksjon.

Målet er ikke å komme ut med høy inntekt dersom en ikke skulle ha behov for pengene.

På lang sikt er målet å øke aksje beholdningen i de selskapene en sitter long i, og samtidig kjøpe å selge til rett tid. Det er fortsatt smartest å betale formueskatt kontra 28 % 'gevinstskatt'.

Det optimale er kun å betale formueskatt og 'utlikne' inntektskatten. Selvsagt må man ha høy omsetning for å få dette til, men planlegger man så går det seg til.

 

Ha en god jul !

[nazze]

Godt nyttår ?!

 

Herlige nedgangstider og muligheter for nye posisjoner.

Fine tider for å snitte ned og bygge 'underskudd' som siden kan redusere overskuddet og skatten.

 

Oppdatering fra en av OSE sine fremtidige perler.

 

http://hugin.info/136496/R/1182400/236009.pdf

[gaudio]

Hei Nazze og Godt Nyttår til deg og

 

Er fortsatt med og regner med å la mine 9000 ligge i skuffen et par år.Har fått senket snittet og får en hyggelig ligning for 2007.Er jo litt spent på hva som skjer i Kenya , håper på at det roer seg snart så man kan får en avtale.Synes det er litt bekymringsverdig at de ikke har fått opp produksjonen på kraftverket(regner med det siden Mason ikke skrøt av at de hadde økt den :)).Ikke så bra for businessen , men men.

Tror ting tar lang tid med denne aksjen.Skal prøve å glemme at jeg er aksjonær så går vel tiden litt fortere?

[gaudio]

Litt info er kommet hvertfall.Svakt positivt vil jeg si.

 

On Saturday, January 26, 2008, Artumas President & CEO, Stephen W. Mason and

Anthony E. Reinsch, Executive VP met with His Excellency, Jakaya Kikwete, President

of the United Republic of Tanzania. The purpose of the meeting was to discuss with

the President the results of a joint Government of Tanzania and Artumas analysis of

alternative commercialization options for monetizing the natural gas resource of Mnazi

Bay Concession. The Study recommended the VLPP and marine CNG export

projects as the priority developments for natural gas utilization. As a result of the

meeting, the President provided his full support and endorsement for the Projects and

advised Artumas to move forward with both initiatives, targeting 2010 for start up of

commercial operations.

 

 

http://hugin.info/136496/R/1187111/238086.pdf

[gaudio]

Hallo folkens og våkn opp! Kjøp før 20-tallet er historie

 

I tillegg til dette kommer seismikkresultater fra Mozambique i løpet av denne eller neste uke:

 

Mtwara to have multi-billion shilling fertilizer plant in June

FAUSTINE KAPAMA

Sunday News; Sunday,March 02, 2008 @00:03

Also in the News

Prison fails to go to the top of the league

Simba, Yanga in CAF actions today

Last year’s Kilimarathon winner registers for the race

National swimming team takes on DRC

Bush leaves smouldering trail in Tanzania

JK needs more support

Police look for robbers of Dar workers’ salaries

Ruling on sale of NIC assets next week

Reforms underway to cut donor reliance/dependence

Utilise NHIF funds for medicine, hospitals told

THE multi-billion shillings fertiliser plant to be constructed in Mtwara Region in June this year will have the capacity to produce 1,200 mega tones of Amonia and 1,800 mega tones of Urea per day, the 'Sunday News' has learnt.

 

The Investor’s Regional Representative and Government Relations in Tanzania, Mr Fuad Martis, told the 'Sunday News' in Dar es Salaam yesterday that the plant would increase export revenue for Tanzanians by 200 million US dollars per year.

 

He said an Egyptian Investor from Polyserve Group of Companies is expected to pour 600bn/- in the project set to boost agricultural production in the country and for external market. The country’s fertilizer consumption for year 2007/2008 is estimated at 385,000 tonnes.

 

Mr Martis further said that establishment of the plant would create new employment opportunities for between 350 and 400Tanzanians. He said that high ranking officials from the Egyptian firm would arrive in the country the following week for final talks with other stakeholders before beginning to build the plant.

 

“The delegations will hold talks on March 7, in Dar es Salaam with officials from the Artumas Group Inc and the Tanzania Petroleum Development Corporation (TPDC) on possibilities of signing a principal agreement of supply of gas for running the plant. "

[gaudio]

Med fare for at flere selskaper har kommet med samme påstand :

 

Artumas achievement defies share price

 

By WILLIAM STOICHEVSKI

writer, Scandoil.com

Published Jan 16, 2008

 

Despite proving a “potentially world-class basin” in Tanzania and Mozambique and arranging nearby markets for the sale of area gas, the achievements of Canadian oil company Artumas has not brought buoyancy to the company’s share price.

 

It’s a familiar story for Canadian oil companies abroad whose shareholders here more of the sub-prime loans scandal that of the comparative worth of hydrocarbon holdings.

 

“Despite the strong consolidation gains made by the company in 2007, the Artumas share value has not developed in accordance with our expectations,” company president, Stephen Mason, said in a statement to shareholders Wednesday.

 

The company is listed in Oslo, and energy-focused burse, but its share price has not performed as expected.

 

The company is hoping to secure natural gas export-import approvals from Tanzania and Kenya for marine expor ts of compressed natural gas to power plants in Mombasa, Kenya, where post-election violence has shaken confidence.

 

An outside study of the company’s holdings shows 750 billion cubic feet of gas at its Mnazi Bay and Msimbati gas fields alone. Production tests however, confirm crude oil liquids and speak of a “a full petroleum system in the Rovuma Delta Basin”.

 

Gross resource potential in the Basin now points to 1.4 billion barrels after a seven-well drilling program, or 140 million bbls net to Artumas worth $714 million from one just one offshore block.

 

THIS STORY WAS CORRECTED ON 21 JAN, 2008, AFTER A CALL FROM A PUBLICIST REVEALED ARTUMAS WAS NOT LISTED IN TORONTO. ws@scandoil.com

[sharpshoota]

Til info :

 

(WRL) Nytt navn og ny ticker fra og med 23.09.2010

 

 

AGI heter nå WRL - Wentworth Resources Limited