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CVR Partners, LP Message Board

winallin12 66 posts  |  Last Activity: 17 hours ago Member since: Mar 30, 2012
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  • winallin12 winallin12 17 hours ago Flag

    Maglan

    Any discussions with Madalena management you can share? very interested in the wells being completed this quarter. While they wont discuss that perhaps some info on neighboring activity.

    Thanks.

  • The second annual Argentina Shale Gas & Oil Summit (A-SGOS) will be held in Buenos Aires on May 9th & 10th 2016. The summit will provide a two-day conference, exhibition and networking event to address the current challenges and future possibilities for the shale industry in Argentina.

    The summit will bring together the unconventional resource supply chain from across Argentina, with attendance from key government officials, active shale gas operators, investors, contractors, consultancies and energy institutions. Confirmed sponsors include Packers Plus, Atlas Copco, BDO and Radius Energy Solutions.

    As the only shale summit scheduled to take place in Argentina during 2016, A-SGOS provides a crucial opportunity to optimize strategy for the world’s second largest shale play and to engage with key stakeholders in the wake of Argentina’s presidential election.

    The conference will address next steps for the shale industry in Argentina. Discussion will consider repositioning Argentina as a major global player, economic & investment trends, technology for optimising the shale process, stakeholder engagement, addressing the skills gap, and the impact of the declining oil price upon the industry, amongst other themes. The conference will incorporate numerous case studies focussing upon existing experience within the Argentine shale sector, with particular attention paid to operational results thus far from both the exploration and production phases. Technical workshops covering topics such as drilling & completions, hydrology and geology & geomechanics will also take place during conference break-out sessions.

    A-SGOS will also host a two-day exhibition attended by market-leaders within the shale sector. Exhibitors will offer information, solutions and updates on the latest industry products for the upstream shale industry within Argentina. The exhibition will also host networking throughout the course of the two days.

  • Reply to

    Sale of Canadian Assets - Good deal for MVN

    by maglancapital Feb 9, 2016 11:51 AM
    winallin12 winallin12 Feb 9, 2016 2:24 PM Flag

    Honestly without the pipeline I don't see how this are can be brought back in production with current oil prices that's not happening. Maybe they know something we don't on oil prices.

  • Reply to

    Sale of Canadian Assets - Good deal for MVN

    by maglancapital Feb 9, 2016 11:51 AM
    winallin12 winallin12 Feb 9, 2016 12:30 PM Flag

    Based on the intent to bring these assets back into production I am not sure why they are being sold other than to separate these assets from the Argentina assets. Some my question is why would this be advantageous?

    Point Loma Private Placement
    As a condition to the completion of the Arrangement, Point Loma intends to complete the
    Private Placement of Subscription Receipts and Flow-Through Shares for collective minimum
    aggregate gross proceeds of $2,000,000 and collective maximum aggregate gross proceeds of
    up to $5,000,000. Each Subscription Receipt will automatically convert into 0.43 common
    shares of the combined entity on a post Share Consolidation basis, after completion of the
    Arrangement, at no additional cost to the holder upon satisfaction or waiver of all conditions to
    the Arrangement.
    The proceeds of the Private Placement are expected to be used to place the currently
    suspended Point Loma and Madalena wells on production and to conduct other oil and gas
    operations.

  • Reply to

    Sale of Canadian Assets - Good deal for MVN

    by maglancapital Feb 9, 2016 11:51 AM
    winallin12 winallin12 Feb 9, 2016 12:23 PM Flag

    First Mountain Energy appears to be nothing more than a worthless shell company. I guess I would like to have a little better understanding of this transaction

  • Reply to

    Sale of Canadian Assets - Good deal for MVN

    by maglancapital Feb 9, 2016 11:51 AM
    winallin12 winallin12 Feb 9, 2016 12:17 PM Flag

    Some details on sale of assets

    Acquisition of Madalena’s Non-Core Canadian Assets
    Pursuant to the Letters of Intent, Point Loma and Madalena expect to enter into an asset
    acquisition agreement, pursuant to which Point Loma will acquire Madalena's non-core
    Canadian Assets for the aggregate purchase price of $5,500,000, prior to closing adjustments
    (the "Madalena Purchase Price"). Upon the completion of the Arrangement, the Madalena
    Purchase Price will ultimately be comprised of 6,244,814 First Mountain Shares (on a postShare
    Consolidation basis) with a deemed value of $0.40 per share and a secured debenture of
    First Mountain in favour of Madalena in the amount of $3,000,000 (the "Secured Debenture"),
    which will be convertible into First Mountain Common Shares at a price of $0.50 per share (on a
    post-Share Consolidation basis) and will have a five year term from the date of closing. Further
    details of the terms of the Secured Debenture will be disclosed in a further news release.
    The Madalena Acquisition is expected to close immediately prior to or concurrent with the Point
    Loma Acquisition on or about April 30, 2016 and is subject to a number of terms and conditions
    including negotiation of a definitive purchase agreement, including, without limitation, the
    negotiation of the terms of the Secured Debenture, board approvals, due diligence, the
    concurrent completion of the Private Placement and the Point Loma Acquisition, and the
    approval of the TSXV. There is no guarantee that the Madalena Acquisition will be completed.

  • Google the title for another positive article on Oilpricedotcom

  • 17% payout ought to be enough to move the stock up

  • Reply to

    I smell a stock sale

    by winallin12 Jan 28, 2016 12:35 PM
    winallin12 winallin12 Jan 28, 2016 1:21 PM Flag

    only reason I can think of for stock price to be down today

  • winallin12 by winallin12 Jan 28, 2016 12:35 PM Flag

    OAS selling stock today. Perhaps Whiting to follow if the OAS sale is well received?

  • For those wondering why oil imports keep increasing even when oil inventories are at record levels should google the above article and read.

    Case is made that the "oil" glut may really be a lease condensate glut. Some good insight on the problem. and why we may not be as awash in oil as we think

  • winallin12 winallin12 Jan 27, 2016 4:00 PM Flag

    Imports averaged around 7.8 million bbl per day over the last month. This average has been rising and is roughly 500,000 bbl higher than several months ago.

    More to this than meets the eye. Heavy oil is being mixed with condensate and light shale oil ( much of which is actually closer to condensate than oil) There has been discussion that much of the oil in storage is actually condensate or very light oil which is either not suitable or not desirable for much of the gulf cost refineries.

    Bring in the heavy oil will allow work down of all the condensate in the system assuming there is as much there as I have been reading about. The inventory levels are not a black and white thing. What is called oil is not always oil.

    Google "The great condensate con: Is the oil glut just about oil"

  • winallin12 winallin12 Jan 27, 2016 12:31 PM Flag

    And oil goes up 87 cents as I type this. Maybe Mr market is telling us a change in supply is vs demand is coming soon.

    I keep wondering why we are importing oil every month running up the inventory levels. Perhaps it is being brought cheap with the knowledge by the big boys that the price will be rising soon. That is the optimistic view. The reality may just be the heavy oil is ridiculously cheap right now.

    Canadian heavy is at $15 per barrel and then they need by dilutant to make the stuff flow down the pipeline

    Venezuela has tankers backing up in port full of condensate that they use to dilute their heavy oil and these tankers will not unload until the cargo is paid for. Venezuela has no money to pay which may indicate they are close to some major cutbacks or the are virtually giving the heavy oil away at any price to get some kind of income

  • US no bodies get the numbers at 11am, curious what we see after API says inventory up HUGE

  • Cushing inventory actually had a small drop. So big imports or big gasoline build?

  • winallin12 winallin12 Jan 26, 2016 12:31 PM Flag

    Wrong, oil companies have been fracking for over 60 years now. The process just continues to improve

  • From new operations update. This area is just north of the Vaca Muerta prospect but of interest as it references the Mulichinco formation.

    "This exploration block covers an area of 464 km(2). A two year extension has been granted to the JV, subject to the following commitments:

    -- Acquisition of 267 km of 2D seismic
    -- Drill one exploratory well
    An area totalling approximately 460 km(2) of the original Chachahuen licence area has now been relinquished.

    Exploratory Activities

    The 3D and 2D seismic programs have been completed successfully, covering 552 km(2) on the Chachahuen Sur exploration block and the Chachahuen development block and 267 km of 2D seismic on the Chachahuen Centro block.

    Computer processing of the 3D data is in progress and preliminary results have identified the "LaOrx-1" prospect targeting the Centenario , Mulichinco and deeper Tordillo formations. The low cost exploration well "LaOrx-1" is located approximately 17 km southeast of the discovery well "Chus x-2" on the Chachahuen Sur evaluation block. The completion program and analysis of results is due to be finished by the end of the month.

    A second low cost exploration well "CeMo x-1" has been spudded on the "Chachuen Centro" block targeting Mulichinco, a Centenario formation. The well is located approximately 37 km northeast of the discovery well "Chus x-2"

    Nicolas Mallo Huergo, Chairman, commented: "Chachahuen has proven to be a high quality oil asset characterized by a significant ongoing development plan with excellent exploratory results to date with new prospects and leads identified encouraging us to continue with this exploration and development program. The excellent results to date are an important step towards understanding and untapping the overall potential and commerciality of the block."

  • Wintershall Energía S.A. and the local state-owned energy company Gas y Petróleo del Neuquén S.A. have signed an agreement under which Wintershall, Germany’s largest internationally active crude oil and natural gas producer, increases its participation interest in the Aguada Federal block from 50% to 90%.

  • Reply to

    Big squeeze for oil sands producers

    by winallin12 Jan 21, 2016 10:03 AM
    winallin12 winallin12 Jan 21, 2016 4:46 PM Flag

    These tar sands bitumen oil is bring around $8 per barrel. Cost to produce that barrel is around $40 to $45 per barrel. They literally are loosing $30 bucks a barrel right now for every barrel produced and sold.

    Production is being shut down and the trend is accelerating. Oil sands production cuts is going to be the big story soon

  • Reply to

    Update on Curamhuele from Nov 25th PR

    by winallin12 Jan 21, 2016 2:01 PM
    winallin12 winallin12 Jan 21, 2016 2:03 PM Flag

    Balance of PR on Curamhule update. This is the detail I am waiting for an update on. Good news could make us all some money

    "Based on these favourable results, Madalena is designing a completion program to test and co-mingle production from the Mulichinco with the Lower Agrio shale through a four stage unconventional hydraulic fracture treatment. It is expected that the natural gas from the Mulichinco will add an element of gas lift and improve flow characteristics of the Lower Agrio oil. Due to the complexities and logistics with these types of completions, the Company anticipates it will complete the well early in 2016."

UAN
5.20-0.10(-1.89%)Feb 10 4:02 PMEST