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Du er her: Forside > In the pit - Oslo Børs > CANARGO i april 2001 nr. 1
CANARGO i april 2001 nr. 1
dammerud
30.03.2001 23:20
#2739

Endre
Velkommen til første Canargotopic i april.
Først en presentasjon:

Her er det Fundamentalister(FA-folk), Teknisk analytikere(TA-folk),TRADERE som går ut og inn,Manipulatorer som vil ha kursen ned slik at de kan gå billig inn og så ta ut gevinst senere når den går opp.
Det er langsiktiige og folk med kort horisont.

Det er oljefolk med kjennskap til denne sektoren og det er en enorm infostrøm her med nærmere 500 -1000 innlegg i måneden.
Gode og velbegrunnede innlegg taes i mot med takk

Til nye og gamle som vil gå tilbake etter info så er alle Canargoinnleggene månedsnummererte.

Nå har vi også laget et infobibliotek med mye relatert info om selskapet og Kaukasusregionen. har du noe relevant info for Canargo så kan du legge dette inn i infobiblioteket vårt, og deretter legge ved en melding her om at du har lagt det inn.
Anbefaler deg også å lagre infobiblioteket da sparer du mange tellerskritt.
Vel møtt

Mars var for Canargo en rød måned på en like rød Oslo Børs.

Så langt ligger aksjen i en bakevje, men vi forventer i april og mai en del meldinger om eventuell overtakelse av et felt i Ukraina, boreresultater og produksjonsøkning og mer info
om Norio, Kumisi og Ninotsminda. Litt senere er vi forventningsfulle til gassboringen med N100.

Ha en bedre april.
MVH




[Endret 30.03.01 23:20 av dammerud]
Zaphod
31.03.2001 01:04
#41

Endre
Her er "Annual report" fra Canargo:

http://biz.yahoo.com/e/010330/gush.ob.html

Gnisten
31.03.2001 15:22
#295

Endre
Klippet fra Raging Bull

quote


By: kjunova $$$Reply To: None Friday, 30 Mar 2001 at 9:13 PM ESTPost # of 487

Here is some news... CANARGO ENERGY CORP Filed on Mar 30 2001 ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS QUALIFYING STATEMENT WITH RESPECT TO FORWARD-LOOKING INFORMATION THE FOLLOWING INFORMATION CONTAINS FORWARD-LOOKING INFORMATION. SEE "FORWARD LOOKING STATEMENTS" BELOW. LIQUIDITY, CAPITAL RESOURCES AND CHANGES IN FINANCIAL CONDITION In August 2000, CanArgo closed a private placement of 12,000,000 new shares at Norwegian Kroner (NOK) 11.20 per share. Gross proceeds from the placement were approximately US$14.2 million. In June 2000, CanArgo Energy Corporation completed a private placement of 15,660,916 shares of common stock at NOK 9.00 per share. Gross proceeds from the placement were approximately US$15.4 million. In April 2000, CanArgo closed a private placement resulting in the issuance of 3,695,000 shares of common stock at NOK 7.50 per share for gross proceeds of $3.2 million. CanArgo's management believes that cash and cash equivalents at December 31, 2000 should be sufficient to cover operating needs for existing projects during the next twelve month period. Also, CanArgo's cash balance at December 31, 2000 satisfies CanArgo's near term funding requirements with respect to its activities in the Republic of Georgia envisaged in August 2000. Current development plans for the Ninotsminda field includes the drilling of exploration well N100, several rehabilitations of existing wells and quantification of the reserve and production potential of the recently announced discovery in the Saramatian sequence. This discovery may also open up new potential in the upper sequences of other areas currently under license in Georgia. These plans are scheduled to be implemented in 2001 and the first half of 2002, but that timing is dependent upon key supplies and other equipment for the development being available promptly as well as adequate financing. In December 1998, Ninotsminda Oil Company entered into a convertible loan agreement with International Finance Corporation ("IFC"), an affiliate of the World Bank, under which IFC agreed under specified conditions, to lend $6 million to Ninotsminda Oil Company primarily to fund a defined Ninotsminda field development program. Under terms of the loan agreement, if funds were disbursed, IFC would have the right to convert all or part of the loan into common shares of Ninotsminda Oil Company. IFC would also have the ability to accept or reject joint venture or third party investment in the project. As a result of these and other conditions, no funds were disbursed under the loan agreement and in November 2000, Ninotsminda Oil Company formally advised IFC of its withdrawal from the loan agreement. While a considerable amount of infrastructure for the Ninotsminda field has been put in place, CanArgo cannot provide assurance that: o funding of the Ninotsminda field development plan will be timely, o that the development plan will be successfully completed or will increase production, or o that the Ninotsminda field operating revenues after completion of the development plan will exceed operating costs. To pursue additional projects and opportunities, CanArgo would require additional capital. Potential sources of funds include additional equity, project financing, debt financing and the participation of other oil and gas entities in CanArgo's projects. Based on CanArgo's past history of raising capital and continuing discussions including those with major stockholders, investment bankers and other companies, CanArgo believes that such required funds may be available. However, there is no assurance that such funds will be available, and if available, will be offered on attractive or acceptable terms. Development of the oil and gas properties and ventures in which CanArgo has interests involves multi-year efforts and substantial cash expenditures. Full development of CanArgo's oil and gas properties and ventures will require the availability of substantial additional financing from external sources. CanArgo also may, where opportunities exist, seek to transfer portions of its interests in oil and gas properties and ventures to entities in exchange for such financing. CanArgo generally has the principal responsibility for arranging financing for the oil and gas properties and ventures in which it has an interest. There can be no assurance, however, that CanArgo or the entities that are developing the oil and gas properties and ventures will be able to arrange the financing necessary to develop the projects being undertaken or to support the corporate and other activities of CanArgo. There can also be no assurance that such financing as is available will be on terms that are attractive or acceptable to or are deemed to be in the best interest of CanArgo, such entities and their respective stockholders or participants. Ultimate realization of the carrying value of CanArgo's oil and gas properties and ventures will require production of oil and gas in sufficient quantities and marketing such oil and gas at sufficient prices to provide positive cash flow to CanArgo. Establishment of successful oil and gas operations is dependent upon, among other factors, the following: o mobilization of equipment and personnel to implement effectively drilling, completion and production activities; o achieving significant production at costs that provide acceptable margins; o reasonable levels of taxation, or economic arrangements in lieu of taxation in host countries; and o the ability to market the oil and gas produced at or near world prices. CanArgo has plans to mobilize resources and achieve levels of production and profits sufficient to recover the carrying value of its oil and gas properties and ventures. However, if one or more of the above factors, or other factors, are different than anticipated, these plans may not be realized, and CanArgo may not recover the carrying value of its oil and gas properties and ventures. CanArg
Gnisten
31.03.2001 15:30
#296

Endre
CanArgo has plans to mobilize resources and achieve levels of production and profits sufficient to recover the carrying value of its oil and gas properties and ventures. However, if one or more of the above factors, or other factors, are different than anticipated, these plans may not be realized, and CanArgo may not recover the carrying value of its oil and gas properties and ventures. CanArgo will be entitled to distributions from the various properties and ventures in which it participates in accordance with the arrangements governing the respective properties and ventures. On March 29, 1999, CanArgo was advised that its common stock had been delisted from The Nasdaq Market System effective at the close of business on March 29, 1999. On March 30, 1999, CanArgo's common stock commenced trading on the OTC Bulletin Board. This shift in the principal domestic market for CanArgo common stock may adversely affect the market for CanArgo's common stock. See "Item 5. "Market For Common Equity and Related Stockholder Matters". CHANGES IN FINANCIAL POSITION As of December 31, 2000, CanArgo had working capital of $22,687,000, compared to working capital of $2,729,000 as of December 31, 1999. The $19,958,000 increase in working capital from December 31, 1999 to December 31, 2000 is principally due to several private placements and positive contribution to working capital from operations in the year, less capital expenditures. Cash and cash equivalents increased $25,092,000 during 2000 from $3,535,000 at December 31, 1999 to $28,627,000 at December 31, 2000. The increase was primarily due to several private placements in 2000 for aggregate net proceeds of $29,853,000 and advances from a joint venture partner of $6,000,000 related to funding a portion of the cost of a three-well exploration program less capital expenditures. The utilization of cash during 2000 involved principally capital expenditures of $12,486,000 including oil and gas properties and equipment, principally related to the Ninotsminda field. Cash and cash equivalents at December 31, 2000 included $5,889,000 held by Ninotsminda Oil Company with respect to initial advances, less capital expenditures, from AES Gardabani related to AES Gardabani's participation in a three well exploration program in the Republic of Georgia. Accounts receivable increased from $464,000 at December 31, 1999 to $787,000 at December 31, 2000. The increase is primarily as a result of accounts receivable generated from natural gas sales in 2000. Advances to operator increased from $nil at December 31, 1999 to $1,147,000 at December 31, 2000 as a result of advances to the operator of the Ninotsminda field for future expenditures on behalf and at the direction of CanArgo. Inventory increased from $189,000 at December 31, 1999 to $696,000 at December 31, 2000 primarily as result of the acquisition in November 2000 of a controlling interest in Georgian American Oil Refinery. In addition to the crude oil and refined product in inventory at Georgian American Oil Refinery, at December 31, 2000, approximately 38,600 barrels of oil were held in storage by Ninotsminda Oil Company for sale in the Georgian domestic and regional market or in the international market. Depending on the demand and price for oil in the Georgian domestic and regional market CanArgo may decide to place, as a strategic initiative, additional production in storage. Other current assets increased from $94,000 at December 31, 1999 to $334,000 at December 31, 2000, primarily as a result of prepaid insurance, rent and deposits related to the London, England office. Capital assets, net increased from $37,808,000 at December 31, 1999 to $50,477,000 at December 31, 2000, primarily as a result of investment of $12,486,000 in capital assets including oil and gas properties and equipment, principally related to the Ninotsminda field. Investments in and advances to oil and gas and other ventures, net decreased from $1,709,000 at December 31, 1999 to $696,000 at December 31, 2000. The decrease reflects principally CanArgo's acquisition of a controlling interest in Georgian American Oil Refinery in November 2000 and subsequent consolidation of the results of Georgian American Oil Refinery and CanArgo's equity share of loss of Uentech International Corporation and East Georgian Pipeline Company. At December 2000, CanArgo held 45% of the voting common shares of Uentech International Corporation and 78% of the total common shares outstanding. Uentech International Corporation specializes in the exploitation of patented downhole-heating technology. East Georgian Pipeline Company leases from Georgian Oil the pipeline used to transport natural gas from Sartichala to the Gardabani power plant. CanArgo has contingent obligations and may incur additional obligations, absolute or contingent, with respect to the acquisition and development of oil and gas properties and ventures in which it has interests that require or may require CanArgo to expend funds and to issue shares of its Common Stock. CanArgo believes that it has no further obligation to fund any operations relating to the Lelyaki and Maykop field projects. At December 31, 2000, CanArgo had a contingent obligation to issue 187,500 shares of common stock to a third party upon satisfaction of conditions relating to the achievement of specified Stynawske field project performance standards. As CanArgo develops current projects and undertakes other projects, it could incur significant additional obligations. Accounts payable increased from $1,160,000 at December 31, 1999 to $2,691,000 at December 31, 2000 primarily related to accounts payable of Georgian American Oil Refinery and amounts due at December 31, 2000 related to the 2000 seismic program. Advances from joint venture partner increased to $5,889,000 at December 31, 2000 compared to $nil at December 31, 1999 as advances, less capital expenditures, were received from AES Gardabani related to it's participation in a three well exploration program in the Republic of Georgia. Minority interest in subsidiaries decreased to $1,394,000 at December 31, 200
Gnisten
31.03.2001 15:35
#297

Endre
interest in subsidiaries decreased to $1,394,000 at December 31, 2000 compared to $4,371,000 at December 31, 1999 following the acquisition by CanArgo in June 2000 of the minority shareholders 21.2% interest in Ninotsminda Oil Company. Total consideration paid was 4,054,054 new common shares of CanArgo at a price of $1.11 per share for total consideration of $4,500,000. In July, 2000, CanArgo established CanArgo Norio Limited, a new subsidiary in which the subsidiary's minority interest shareholders have contributed $400,000 for use towards the current seismic program. CanArgo holds 50% of the outstanding common shares of CanArgo Norio Limited but has the unilateral ability through CanArgo Norio Limited's governing body to control the strategic, financial and operating decisions of the company. In April 2000, CanArgo took a 50% interest in CanArgo Standard Oil Products and in December 2000 reached agreement with CanArgo Standard Oil Products other shareholders for CanArgo to have the unilateral ability to control the strategic, financial and operational decisions of the company. Following acquisition of a controlling interest in Georgian American Oil Refinery in November 2000, minority interest at December 31, 2000 also includes a 49% minority interest in Georgian American Oil Refinery. RESULTS OF OPERATIONS Year Ended December 31, 2000 Compared to Year Ended December 31, 1999 In November 2000, CanArgo acquired a 51% interest in Georgian American Oil Refinery and Georgian American Oil Refinery became a subsidiary of CanArgo. Under purchase accounting, Georgian American Oil Refinery's results have been included in CanArgo's consolidated financial statements since the date of acquisition. CanArgo recorded operating revenue of $7,136,000 during the year ended December 31, 2000 compared with $2,783,000 for the year ended December 31, 1999. The increase is primarily due to increases in crude oil and natural gas production from the Ninotsminda field, higher crude oil prices, refining and marketing revenue from Georgian American Oil Refinery and CanArgo Standard Oil Products and service revenue from CanArgo's rig equipment. Ninotsminda Oil Company generated $4,778,000 of oil revenue and $1,331,000 of gas revenue in the year ended December 31, 2000 compared to $2,365,000 of oil revenue and $129,000 gas revenue for the year ended December 31, 1999. Its net share of the 479,000 barrels (1,312 barrels per day) of gross oil production from the Ninotsminda field in the period amounted to 245,947 barrels. From production, 8,735 barrels of oil were placed into storage in the year. For the year ended December 31, 1999, Ninotsminda Oil Company's net share of the 415,400 barrels (1,138 barrels per day) of gross production was 142,900 barrels. During the year ended December 31, 1999, 50,000 barrels of oil were removed from storage and sold. Ninotsminda Oil Company's net share of the 1,764,000 thousand cubic feet (mcf) of gas delivered in the year ended December 31, 2000 was 1,146,000 mcf. All of Ninotsminda Oil Company's share of production was sold into the Georgian local and regional market. Because lower transportation costs are involved, CanArgo believes that sales of Ninotsminda oil to customers in the Georgian local and regional market generally yield relatively higher net sales prices to Ninotsminda Oil Company than sales to other customers. The net oil sales price for Ninotsminda oil sold during the year ended December 31, 2000 averaged $20.14 per barrel as compared with an average of $13.17 per barrel in the year ended December 31, 1999. The net gas sales price during the year ended December 31, 2000 averaged $1.16 per mcf ($41.19 per thousand cubic meter). Refining and marketing revenue for the year ended December 31, 2000 relate to operating activities of Georgian American Oil Refinery and CanArgo Standard Oil Products for November and December 2000. In December 2000, sales from the refinery were nominal following the imposition of restrictions and subsequent excise tax on feedstock. These issues are being addressed with authorities in Georgia and it is expected that new legislation addressing indigenous refining activities will be put forward in March 2001. No assurance can be given, however, that new legislation will be put forward, that such legislation will be passed or that if passed, it will sufficiently remove existing restrictions and excise taxes on feedstock and refined product. See Risks Associated with CanArgo's Oil and Gas Activities -- Oil and Gas Operations are Subject to Extensive Governmental Regulation. In December 2000, the first of several petrol stations planned to be opened by CanArgo Standard Oil Products over the next 12 months opened in Tbilisi, Georgia CanArgo recorded in the year ended December 31, 2000 other revenue of $365,000 compared to $289,000 for the year ended December 31, 1999 attributable to rental of CanArgo equipment in Georgia. The operating loss for the year ended December 31, 2000 amounted to $2,297,000 compared with an operating loss of $8,078,000 for the year ended December 31, 1999. The decrease in the operating loss is attributable primarily to the impairment in 1999 of CanArgo's interest in the Stynawske project, increased oil production and sales, higher oil prices and the addition of gas sales in the year. Field operating expenses increased to $1,287,000 for the year ended December 31, 2000 as compared to $1,063,000 for the year ended December 31, 2000. The increase is primarily a result of increased oil and gas production in the year. Purchases of crude oil and products and refinery operating expenses of $138,000 and $439,000 respectively for the year ended December 31, 2000 relate to operating activities of Georgian American Oil Refinery and CanArgo Standard Oil Products for November and December 2000. Direct project costs decreased to $738,000 for the year ended December 31, 2000, from $766,000 for the year ended December 31, 1999, reflecting efforts initiated in early 1999 to reduce Ninotsminda project expenses. Direct project costs are expected to increase in 2001 as a result of a si
Gnisten
31.03.2001 15:38
#298

Endre
Direct project costs decreased to $738,000 for the year ended December 31, 2000, from $766,000 for the year ended December 31, 1999, reflecting efforts initiated in early 1999 to reduce Ninotsminda project expenses. Direct project costs are expected to increase in 2001 as a result of a significant increase in exploration and development activity in Georgia in the latter part of 2000 and early part of 2001. General and administrative costs increased to $2,955,000 for the year ended December 31, 2000, from $2,193,000 for the year ended December 31, 1999. The increase is primarily attributable to increased operating and corporate activity in the latter part of 2000, costs related to the transition of administrative and finance functions from Calgary to London in the third and fourth quarters of 2000 and general and administrative costs of $188,000 related to refining and marketing activities. The increase in depreciation, depletion and amortization expense from $1,145,000 for the year ended December 31, 1999 to $3,876,000 for the year ended December 31, 2000 is attributable principally to higher oil and gas production from the Ninotsminda field and depreciation of drilling equipment. In addition, CanArgo recorded depreciation expenses of $190,000 with respect to refining and marketing assets in 2000. CanArgo recorded net other income of $110,000 for the year ended December 31, 2000, as compared to net other expenses of $577,000 during the year ended December 31, 1999. The principal reason for the increase is interest income during the year ended December 31, 2000 on cash balances and the payment of facility fees in the year ended December 31, 1999 related to Ninotsminda Oil Company's Loan Agreement with the International Finance Corporation. The net loss of $2,152,000 or $0.04 per share for the year ended December 31, 2000 compares to a net loss of $8,473,000, or $0.32 per share for the year ended December 31, 1999. The weighted average number of common shares outstanding was substantially higher during the year ended December 31, 2000 than during the year ended December 31, 1999, due in large part to private placements in April, June and August 2000. Year Ended December 31, 1999 Compared to Year Ended December 31, 1998 In 1999, CanArgo completed its restructuring of the combined assets and administration of Fountain Oil Incorporated and CanArgo Oil & Gas Inc. following the business combination of the two companies in July 1998. Since the business combination, CanArgo has focused primarily on the development of the Ninotsminda field and the reduction of corporate overheads. These initiatives, together with increased oil prices, led to a significant increase in revenue over the prior year. Field operating and general and administrative costs were also closely monitored, resulting in further significant improvements to cash flow. CanArgo anticipates, based on current world oil prices and the commencement of commercial gas deliveries, further improvement in cash flow in 2000.
Gnisten
31.03.2001 15:40
#299

Endre
CanArgo recorded operating revenue of $2,783,000 during the year ended December 31, 1999, compared with $821,000 for the year ended December 31, 1998. Ninotsminda Oil Company generated $2,291,000 of revenue in the year ended December 31, 1999 compared to $603,000 of revenue for the year ended December 31, 1998 following the acquisition on July 15, 1998 of CanArgo Oil & Gas Inc. and its subsidiary Ninotsminda Oil Company. Its net share of the 415,400 barrels of gross production from the Ninotsminda field in the year ended December 31, 1999 amounted to 142,900 barrels. During the year ended December 31, 1999, 50,000 barrels of oil in storage at December 31, 1998 were sold. In November and December 1999, 30,000 barrels of oil were placed back into storage. Net sale prices for Ninotsminda oil sold during the year ended December 31, 1999 averaged $13.17 per barrel compared to $10.63 per barrel in 1998. Oil production from the Sylvan Lake property in Alberta, Canada accounted for $219,000 of revenue in the year ended December 31, 1999 and $202,000 of revenue for the year ended December 31, 1998. CanArgo recorded in the year ended December 31, 1999, other revenue of $289,000 including revenue of $230,000 with respect to equipment rentals compared to $16,400 in the year ended December 31, 1998 with respect to the sale of electrically enhanced oil recovery equipment. The operating loss for 1999 amounted to $8,078,000, compared with $6,327,000 for 1998. The increase in the operating loss is attributable primarily to the impairment in 1999 of CanArgo's investment in and advances to Boryslaw Oil Company of $5,460,000. The increase caused by the impairment is partially offset by 1998 costs associated with CanArgo's involvement in some Eastern European oil and gas ventures which involvement CanArgo has effectively terminated, 1998 costs associated with CanArgo's business combination with CanArgo Oil & Gas Inc., and the impairment of oil and gas properties which amounted to $900,000 in 1998. Field operating expenses increased to $1,063,000 during 1999, as compared to $851,000 for 1998, as a result of the inclusion of an additional six months of Ninotsminda field operating expenses in the 1999 period partially offset by the sale effective September 1, 1999 of the Sylvan Lake property. Operating expenses did not increase significantly despite three additional months of costs as a result of a field operating cost reduction program undertaken by Ninotsminda Oil Company in late 1998 and early 1999. Direct project costs decreased to $766,000 in 1999 from $1,157,000 for 1998, reflecting 1998 costs associated with CanArgo's involvement in some Eastern European oil and gas ventures which involvement CanArgo has effectively terminated, partially offset by activity related to the Ninotsminda field. General and administrative expenses decreased to $2,193,000 in 1999 from $3,887,000 for 1998, reflecting the restructuring of CanArgo since the combination with Fountain Oil Incorporated and CanArgo Oil & Gas Inc. and focus on reducing overhead costs. The increase in depreciation, depletion and amortization expense from $239,000 for 1998 to $1,145,000 during 1999 is 1999 is attributable principally to depletion related to Ninotsminda field oil production and depreciation of drilling equipment in use in the 1999 period. Partially offsetting this increase is the sale of the Sylvan Lake property in 1999. The equity loss from investments in unconsolidated subsidiaries increased to $261,000 for the year ended December 31, 1999 from $161,000 for the year ended December 31, 1998 as a result of increased activity by Uentech International Corporation developing the EEOR technology and a write-down of property and equipment in the year by CanArgo developing the gas powered turbine. These increases were partially offset by the substantially lower level of activity conducted through unconsolidated subsidiaries in 1999, reflecting the termination of CanArgo's involvement in the development activities of some Eastern European oil and gas ventures conducted through unconsolidated subsidiaries. Impairment of oil and gas properties decreased to $234,000 in 1999 from $900,000 for 1998 following the write-down in 1999 by CanArgo of its interest in the Caspian project. During the year ended December 31, 1998, CanArgo wrote down its oil and gas properties in the Sylvan Lake project by an aggregate $900,000 as a result of a substantial decline of heavy oil prices and the quarterly application of the full cost ceiling limitation. CanArgo recorded net other expense of $577,000 for 1999, as compared to net other income of $35,000 during 1998. The principal reason for the decrease is lower interest income as a result of lower cash balances during the year ended December 31, 1999, the payment of facility and commitment fees pursuant to Ninotsminda Oil Company's $6,000,000 Loan Agreement with the International Finance Corporation and the loss in 1999 from the sale of property and equipment not considered essential to ongoing operations. The net loss of $8,473,000, or $0.32 per share for 1999, compares to a net loss of $6,110,000, or $0.39 per share for 1998. As a result of the issuance of shares in connection with the business combination, the weighted average number of common shares outstanding was substantially higher during 1999 than during 1998.
Gnisten
31.03.2001 15:42
#300

Endre
NEW ACCOUNTING STANDARDS In 1998, FASB issued SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities and in June 2000 issued SFAS No. 138,which amended certain provisions of SFAS 133. SFAS 133, as amended, will be adopted in the 2001 annual financial statements and based on present circumstances would not have any material effect on CanArgo's financial statements. FORWARD LOOKING STATEMENTS The forward looking statements contained in this Item 7 and elsewhere in this Form 10-K are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward looking statements. Included among the important risks, uncertainties and other factors are those hereinafter discussed. Few of such forward looking statements deal with matters that are within the unilateral control of CanArgo. Joint venture, acquisition, financing and other agreements and arrangements must be negotiated with independent third parties and, in some cases, must be approved by governmental agencies. Such third parties generally have interests that do not coincide with those of CanArgo and may conflict with CanArgo's interests. Unless CanArgo and such third parties are able to compromise their respective objectives in a mutually acceptable manner, agreements and arrangements will not be consummated. Operating entities in various foreign jurisdictions must be registered by governmental agencies, and production licenses for development of oil and gas fields in various foreign jurisdictions must be granted by governmental agencies. These governmental agencies generally have broad discretion in determining whether to take or approve various actions and matters. In addition, the policies and practices of governmental agencies may be affected or altered by political, economic and other events occurring either within their own countries or in a broader international context. CanArgo does not have a majority of the equity in the entity that is the licensed developer of some projects that CanArgo may pursue in Eastern Europe such as the Stynawske field project, even though CanArgo may be the designated operator of the oil or gas field. In such circumstances, the concurrence of co-venturers may be required for various actions. Other parties influencing the timing of events may have priorities that differ from those of CanArgo, even if they generally share CanArgo's objectives. As a result of all of the foregoing, among other matters, the forward looking statements regarding the occurrence and timing of future events may well anticipate results that will not be realized. The availability of equity or debt financing to CanArgo or to the entities that are developing projects in which CanArgo has interests is affected by many factors including: o world economic conditions; o international relations; o the stability and policies of various governments; o fluctuations in the price of oil and gas and the outlook for the oil and gas industry; o competition for funds; and o an evaluation of CanArgo and specific projects in which CanArgo has an interest. Rising interest rates might affect the feasibility of debt financing that is offered. Potential investors and lenders will be influenced by their evaluations of CanArgo and its projects and comparisons with alternative investment opportunities. CanArgo's ability to finance all of its present oil and gas projects and other ventures according to present plans is dependent upon obtaining additional funding. An inability to obtain financing could require CanArgo to scale back its project development, capital expenditure, production and other plans. The development of oil and gas properties is subject to substantial risks. Expectations regarding production, even if estimated by independent petroleum engineers, may prove to be unrealized. There are many uncertainties inherent in estimating production quantities and in projecting future production rates and the timing and amount of future development expenditures. Estimates of properties in full production are more reliable than production estimates for new discoveries and other properties that are not fully productive. Accordingly, estimates related to CanArgo's properties are subject to change as additional information becomes available. Most of CanArgo's interests in oil and gas properties and ventures are located in Eastern European countries. Operations in those countries are subject to certain additional risks including the following: o enforceability of contracts; o currency convertibility and transferability; o unexpected changes in tax rates; o availability of trained personnel; and o availability of equipment and services and other factors that could significantly change the economics of production. Production estimates are subject to revision as prices and costs change. Production, even if present, may not be recoverable in the amount and at the rate anticipated and may not be recoverable in commercial quantities or on an economically feasible basis. World and local prices for oil and gas can fluctuate significantly, and a reduction in the revenue realizable from the sale of production can affect the economic feasibility of an oil and gas project. World and local political, economic and other conditions could affect CanArgo's ability to proceed with or to effectively operate projects in various foreign countries. Demands by or expectations of governments, co-venturers, customers and others may affect CanArgo's strategy regarding the various projects. Failure to meet such demands or expectations could adversely affect CanArgo's participation in such projects or its ability to obtain or maintain necessary licenses and other approvals. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The information required by this item is incorporated by reference from the information under the caption "Security Ownership of Certain Beneficial Owners and Management" contained in the Proxy Statement.
moberg
31.03.2001 16:24
#405

Endre
Er du helt IDIOT gnisten dette er et diskusjonsforum og ikke en plass vi kan vise hvor flink vi er å klippe og lime..
SVADA
dammerud
31.03.2001 16:53
#2740

Endre
Til Gnisten.
takk for ditt solide bidrag som behørig kommer til å bli lagt inn i infobiblioteket vårt.

Her var det mye.

Når man ser tilbake,ser hvor en står nå og aner hvordan det kommer til å se ut foran seg, så vet man hvordan veien går.
Hjertelig takk.
MVH

Ps.
Kommer til å referere mye til all denne infoen senere.

Breed
01.04.2001 19:02
#406

Endre
Overkill Gnisten.
Overkill.
Gnisten
01.04.2001 21:59
#301

Endre
re; Breed og Moberg.

Informasjon MÅ ikke nødvendigvis leses.
For min del så er jeg mektig lei av å bare lese om hvor mye (eller lite) daytraderne har kjøpt for.

re: Dammerud.

Takk


NILSERIK
02.04.2001 07:07
#1520

Endre
Overkill??
Men at work.
Rimihagen
02.04.2001 10:36
#23

Endre
Det er noen som prøver å presse ned prisen med 50k på salgt
til 7.6, og det ser til å lykkes. Selgerne går lavere og lavere.
Får se hvor lenge 50k ligger der.
xtralars
02.04.2001 13:13
#7

Endre
Der røyk jammen den sperra! Orkla tok alt fra 7,50 til 7,60.
Morsomt dersom de som la ut posten på 50 000 hadde ment den som en sperre, og ikke hadde tenkt å selge alt :-))

Nå kan det være duket for en pen oppgang dersom Orkla fortsetter å støvsuge.

falitt
02.04.2001 13:16
#651

Endre
Orkla støvsuger virkelig. CNR bør holdes nå, synd at netthandlerene er de som selger seg ned nå. Både Stocknet og Netfonds er de store nettoselgerne....
bestefar
02.04.2001 17:01
#31

Endre
Selger seg ut nå?Det finnes ikke aksje med bedre potensiale.
phil
02.04.2001 18:14
#131

Endre
Bestefar
De må bare selge, men det er de samme som kommer løpende etter kursen når den er en krone eller to høyere enn dagens nivå. Da vil kursene virkelig røre seg når alle skal inn igjen.
VINA
02.04.2001 23:19
#8

Endre
Kan vi forvente noen gode nyheter før påske eller må vi vente til slutten av april?

MVH
VINA
xtralars
03.04.2001 16:31
#8

Endre
Oi, lenge siden sist CANARGO lå på 3 side på ST.

Er det noen som har gjort noen fornuftige sammendrag av den voldsomme infoen vi fikk her om dagen?
Hva dreier det seg om? Hva er hovedpunktene? Noe nytt eller bare gammel halm?

Skulle self. ha lest gjennom dette selv, men jeg har det litt travelt om dagen, så det er mye lettere å lese hva dere andre har funnet ut :-))

Tipper den lave aktiviteten her på topicen henger sammen med generelt liten interesse for risikoaksjen CNR på børsen, og at vi faller i dragsuget til NASDAQ og DJ.

Consul
03.04.2001 20:58
#14

Endre
Har du mistet troen Dammerud ? .,ikke ofte det går 3-4 dager uten at en hører noe fra deg på denne topicen.
Liten tvil om at interessen for Canargo har falt betraktelig på ST den siste tiden i vente på nyheter.
Kunne det være på tide å oppdatere "aktivitetslista" fra tidligere i håp om å vekke litt interesse ?
uturen
03.04.2001 23:06
#193

Endre
Uten nyheter vil interessen for ethvert selskap tørke inn. For et selskap i etablerings- og utviklingsfasen som CNR fordunster interessen raskt når informasjonen uteblir.

Det blir nok fart både på kursen og på CNR-temaet når pressemeldingene igjen begynner å drysse ut.

Hvilken godbit kan vi vente først?
vfl
03.04.2001 23:52
#319

Endre
Re Consul og uturen: – innlegget fra uturen forklarer hvorfor interessen tørker inn. Personlig har jeg siste tiden slitt med dårlig høyrehånd bl.a. derfor liten skriveaktivitet. Sitter her nyoperert i dag – utrlig slitsomt å måtte bruke kun venstre på mus og tastatur! Mht kommende nyheter tror jeg vi må vente til etter påske – let f.eks. blant drllers eller mine mars-innlegg. Så vidt jeg vet er status pt den samme mht forventede nyheter. (Lyst til å bli frustrert? Forsøk å manøvrere musa med venstre hånd -!!)


[Endret 03.04.01 23:53 av vfl]
dammerud
04.04.2001 08:09
#2758

Endre
Til VFL. Trist å høre om dine problemer. Vi andre får prøve å gjøre så godt vi kan med info og å analysere den.
Ønsker god bedring. Har med litt av det du har bidratt med i det følgende.


Canargo er sammen med en rekke andre aksjeselskaper i disse tider i en bakevja som snurrer rundt i 7.50 overflaten.

Troen på Cnrs aktiviteter og snart meldinger derfra kan få selskapet ut av denne bakevja.

Mesteparten av CNRs aktivitet foregår på Ninotsminda.

Har forsøkt å samle sammen noen gammelt halm om hva vi har i vente.

Men som VFL skrev TTT (Ting tar tid)

NINOTSMINDA

Information on Ninotsminda workover program – increasing production - Mar/Apr/May?
- N21
- N59
- N62
- N97 to be deepened
- N48 changed from horisontal well
- >20 potential workover candidates
Ninotsminda Cretaceous Prospects:
5. Result 1st Cretaceous well (N100 C1) – May/June
6. Result 2nd Cretaceous well (M11 C2) – Sep/Oct? (planned spud Apr)
7. Proposed 3rd Cretaceous well (C3) – (planned spud Dec??) – results Apr 2002?

Part 2 - Nazvrevi PSC
1. Cretaceous (KU1 well??) – planned spud June?

2. Nazvrevi Exploration


Part 3 - Norio / Kumisi PSC
Norio Exploration:
1. Seismic results Norio – Snart
2. Seismic results Kumisi – Snart
3. Norio well NR1 (planned spud Aug?)
Shallow production:
Norio having very good exploration upside with the potential of early production?
Kumisi Exploration:
Press Release 12.12.00: "CanArgo plans to drill the Kumisi structure next year"
4. Well KU1 planned spud June


Part 4 – Ukraine
medio april om eventuell overtakelse av et nytt felt i Ukraina


Part 5 - Caspian (KaspOil)
1. Seismic results Caspian Sea block 1 – June? (Aug??)
Block 3??


Part 6 - Oil Refinery (GAOR)
1. Info about new Reformer – later 2001?


Part 7 – Retail Gasoline Business (CSOP)
1. Rolling out new stations – 13 by May, 20 by year-end?



Dette er bare litt av det vi har i vente.

Henviser til infobiblioteket vårt.

Her vil du finne dette og mer til.

MVH









.
VINA
04.04.2001 09:22
#12

Endre
Takk for oppdatering.

Har man troen og ønsker å satse på bedre tider, (etter regn kommer sol......), så blir det store muligheter til å plukke billig i dag.

MVH
VINA
snapp
04.04.2001 09:43
#272

Endre
VFL: God bedring. Prøvde musa med venstre og det gikk dårlig - min beste medfølelse.
Gode muligheter til å handle billig, ja - CNR er allerede billig og vil nok holde seg godt i dag i forhold til mye annet - kanskje stige?
JUICEitUP
04.04.2001 11:33
#421

Endre
Dette ser jo riktig bra ut. Tror vi ender i + i dag hvis denne trenden holder seg.
Breed
04.04.2001 11:56
#408

Endre
CNR er sterk idag.
Dette er imponerende.
falitt
04.04.2001 12:37
#671

Endre
Orkla er den store nettokjøperen idag. Kjøper i Offshore og olje....
VINA
04.04.2001 13:26
#14

Endre
Orkla har kjøpt mye i det siste. Er det noen som vet om de har presentert noen analyser av CNR i det siste som motiverer Orkla's kunder til å kjøpe eller er det en stor kjøper som sitter å plukker?

MVH
VINA
Helena
04.04.2001 13:33
#442

Endre
Hei Vina,

Regner med at du er "ny" på Cargotopicene. Dagens og den siste tids dagsomsetninger i CNR er for ingenting å regne. Du må registrere minst 1mill+ (helst 1,5mill+ )aksjer før det er snakk om volum her. Om Orkla er netto kjøper eller selger med totalvolum på ca 100k aksjer betyr ingenting.

At CNR har stått imot markedet idag betyr desto mer.

CNR er en risikoaksje, ja. Men den er ingen .com aksje om noen skulle være i tvil.

Ha en fortsatt god dag.

Helena
dammerud
05.04.2001 00:42
#2771

Endre
Mens arbeidet går sin gang på Ninotsminda setter de Georgianske myndigheter sitt håp til N100(gassboringen).
Det er ikke bare i California at de har problemer med el.
Her et utdrag fra presidentens vanlige mandagstale i radion 2. april:
Only foreign investments can help Georgia to overcome energy crisis
[Oniani] A joint Georgian-American commission for the development and
rehabilitation of Georgia's energy sector convened in session last week.
Indeed, there seems to be certain progress in the sphere, particularly in
the capital city. However, will the authorities take urgent and appropriate
measures to resolve the problem which is called the energy crisis?
[Shevardnadze] I can anticipate the following questions: what was the use of
all the meetings and discussions you held last year? The winter was again
very hard, was it not? I also anticipate criticism for selling Telasi
[Tbilisi electricity grid authority] and for selling power generating units
numbers nine and 10 at the Tbilisi district thermal power station. To build
the units we used foreign loans and the time has come for us to start to
pay off the loan and, therefore, we took this decision. And finally we will
be asked: what has changed at the end of the day? The winter was severe and
very difficult to endure. I agree with my opponents and not only opponents
but these critical remarks. Indeed, the winter, especially its beginning,
was very difficult. However, I assume full responsibility for saying that
had it not been for the privatization of Telasi and had we not sold those
two power generating units, the situation would have been even worse. What
did the sale of the two power generation units mean to us? As a result of
the privatization of the units, we no longer have to look for money to buy
gas and diesel fuel, which usually cost tens of millions of dollars.
Electricity is supplied to Tbilisi and some other regions of the country
only because those two power generating units have been running and because
urgent special measures were implemented in the capital city with regard to
the [American-owned] AES-Telasi company.
We have already gained serious experience. I would like to say today what I
said at that meeting of the joint commission. The process of privatization
will not be suspended. It will not stop because it is impossible to restore
Georgia's economy without a strong energy sector and it is impossible for
the energy sector to develop and to meet all the requirements without
foreign investments. That is why the process of privatization will involve
many hydroelectric power stations. They will undergo serious refurbishment
and restructuring. So will electricity distribution systems. Substantial
sums of money will be invested in these systems, as well. What does the
refurbishment and the restructuring of the distribution systems imply? It
actually implies substantial changes. The rotten cables and wires will be
replaced. The state is incurring huge losses by using these damaged cables
and wires. We have actually begun to announce tenders. Tenders will be held
in several regions of the country and we plan to conduct the preparatory
work so that to ensure that the next winter is far milder. Many laughed and
still laugh when we speak about the 24-hour supply of electricity. There is
nothing ridiculous in this.
(Her er håpet til presidenten at det blir funnet gass av CNR)

If we use all the resources and if we find
additional sources, I am confident that the next winter will be relatively
normal.
And another point. What does the economic crisis mean? Virtually no
enterprise was run in December, January and the first half of February
because of the lack of electricity. This is one of the reasons the first
quarter budgetary objectives have not been met. Revenue has decreased. We
must do our best to ensure that all the enterprises are operating by the
winter next year and electricity is supplied to every household. However,
this can be done only if one major problem, about which I have spoken more
than once, is resolved. I categorically state that not a single district,
not a single town, not a single resident will have a chance to get
electricity if the electricity fee is not paid. There will be certain
exceptions in the form of privileges which will be applied to economically
weak and underdeveloped family. This is the case in every state of the
world. No crisis can be overcome unless we ensure the full payment of
electricity bills. We all have to get used to the idea that dues must be
always paid.






[Endret 05.04.01 00:42 av dammerud]
sqorpio
05.04.2001 00:46
#1113

Endre
Dammerud:

Og hva vil dette si for kursen??

Positivt eller negativt?

(Testing)

Mvh sq
ll
05.04.2001 02:29
#14

Endre
Hadde tenkt ¨skrive litt om CNR og fallende marked, men etter å ha lest "Menighetens" "Bibel" tror jeg jeg lar vær... Stilig topic! God tur ned. Snakkes på 3.98 eller deromkring...
dammerud
05.04.2001 08:37
#2772

Endre
Mandagssamtalen til presidenten inneholdt bl.a energi og vi fikk inn noe cnrrelatert info.

1. Utenlandske investeringer skal bedre kraftsituasjonen

2. AES-Telasi,Canargos samarbeidspartner på Ninotsminda
har fått kjøpt to generatorer og produserer strøm med gass fra NOC.

3. Håper at nye funn kan gi Georgia strøm 24 timer i døgnet.

Alt dette er relevant til gassboringen i N100.

VINA
05.04.2001 10:11
#19

Endre
Hei Helena,

Takk for input. Jeg er selvfølgelig enig i at volumet ikke er all verden. Mitt poeng var bare at Orkla skilte seg ut og det kunne vært spennende å få innsyn i en eventuell analyse foretatt av dem.

Vi ser frem til hyggelige meldinger i et positivt marked.

Ha en fortsatt flott dag.

MVH
VINA
gurre
06.04.2001 14:05
#35

Endre
Interessant å se på aksjesiden.no sine tekniske
indikatorer hvor de fleste indikerer kjøp. Det gjelder
også stochastics som har vært veldig pålitelig mhp. CNR før.

vfl
07.04.2001 19:59
#321

Endre
Får prøve å bidra til litt mer liv på CanArgo tråden etter hvert som høyrehånda ”kommer på plass” (nyoperert).

Som de fleste her formodentlig kjenner til forsøker CanArgo seg på en ”fiendtlig” overtakelse av Lateral Vector Resources. Rent kommersielt er dette faktisk et forsøk på å kjøpe ca en milliard kroner (6.600.000 fat olje) for 25 millioner (ref mitt innlegg på CANARGO i mars nr 1, 22.03.01 kl 16:57).

Pr ultimo mars foreligger faktisk ny informasjon fra LVR - oppsummert har LVRs ledelse pr 29. mars kommet med følgende:
”DIRECTORS’ RECOMMENDATION: The board of directors of Lateral Vector Resources Inc. is unable to make a recommendation with respect to the CanArgo Offer due to a lack of financial resources and other reasons as discussed below”
(Sjekk denne web-adressen for mer utfyllende informasjon: http://www.sedar.com/dynamic_pages/issuerprofiles_e/i00001060.htm. Velg ”VIEW This Public Company’s Documents” - her er mye interessant lesning.)

Her er CanArgos Offer to Purchase (på min pc blir jeg gjort oppmerksom på at filen kan inneholde virus osv, men min installasjon av Norman virussjekker har ikke funnet noe virus på filen).

Fra punkt 3 ”Background to the Offer” på side 19 finner dere en liten ”påskekrim” som forklarer forhistorien og gir bakgrunnsinformasjon om hvorfor CanArgo endte opp som (foreløpig) ”tapende” part i en overtakelsesprosess hvor Carpatsky Petroleum Inc. kom ut som (foreløpig) vinner. CanArgo registrerer lakonisk at ”CanArgo assumes (but cannot confirm) that LVR has agreed to certain restrictions on its ability to solicit interests in transactions with parties other than Carpatsky Petroleum Inc. but that its shareholders have not agreed to any such restrictions.” hvorpå CanArgo like godt flesker til med sitt forsøk på en fiendtlig overtakelse med et tilbud direkte til aksjonærene. I denne lille påskekrimmen er norske meglere involvert sammen med CanArgos og LVRs ledelse, fruen til LVRs toppleder (hun er samtidig LVRs prosjektleder i Ukraina!) samt representanter fra ”Saskatchewan Government Growth Fund” (significant shareholders of LVR).

CanArgos tilbud ble sendt ut 20. mars 2001 og svarfristen er satt til 11. april 2001 kl 15.00 (Calgary time).

CanArgo aksjonærer – har det snart mer moro enn andre aksjonærer?



[Endret 07.04.01 20:03 av vfl]
Heimdall
07.04.2001 23:16
#74

Endre
vfl

Dette gleder vi oss til å høre resultatet av.

MVH
Heimdall
Recon
08.04.2001 16:13
#468

Endre
Kan vel fort ligge an til et lite påskerally til uken basert på spekulasjoner om utfallet.

Takk for bra info.

Recon
Helena
08.04.2001 22:02
#443

Endre
Hei vfl

Hyggelig å få dine kommentarer og analyser igjen. Topicen har vært heller kjedelig i det siste. Kanskje ikke for traderne med kort horisont, CNR har jo vært ganske forutsigbar. Selv dammerud skriver lite, men i den nyhetstørken rundt selskapet er det jo ikke særlig mye nytt å snakke om. Jeg sitter ennå og har tro på en langsiktig gevinst selv med min høye inngang. Vurderer faktisk å vekte meg opp skikkelig på dagens nivåer for å "halvere" snittet. Men så er det dette med timingen da. I alle fall, håper musearmen snart er okay og at du fortsatt forsyner oss med informasjon og vurderinger.

Hilsen Helena
dammerud
08.04.2001 22:50
#2789

Endre
Til den skjønne Helena.

Sorry jeg ikke skriver så mye nå, men hva skal jeg skrive nå.

Presentasjonen finnes i biblioteket.
Vi "gamle" vet at det foregår meget, mye og at Georgianerne setter akkurat som oss store forhåpninger til N100 og gassen.
ja det er som hele Georgias fremtidige økonomi er avhengig av vellykket boring og gassfunn i dette ene "hølet".
Dessuten hvis Manavi"hølet" blir like bra, ja da.

men så langt er det bakevje.

Ha en god påske, Helena.

falcon
09.04.2001 09:28
#126

Endre
Canargo øker bud på Lateral Vector Resources
OSLO, 9 april (Reuters) - Canargos heleide datterselskap, Canargo Acquisition, øker sitt bud på Lateral Vector Resources fra 0,10 til 0,11 kanadiske dollar per aksje, ifølge en melding sendt via Oslo Børs.
Tilbudet har en verdi på omlag 3.916 millioner kanadiske dollar.
Falcon
dammerud
09.04.2001 09:41
#2790

Endre
Til Falcon.

Budet viser at Canargo satser kraftig på å overta disse aksjene. Hvvis de greier dette , SÅ ???

legger ved litt gammel halm om hva som foregikk og foregår akkurat nå på Ninotsminda.
Updated reserve estimates are now available for the Ninotsminda Middle Eocene reservoir from CanArgo's independent reservoir engineers. These estimates, dated 1 January 2001, give the following gross reserves for the Ninotsminda Middle Eocene.


Gross Reserves Proved Developed Total Proved
--------------------------- ---------------- ------------
Crude Oil (Million barrels) 3.8 18.3
Natural Gas (Billion ft(3)) 15.2 45.0

Total proved oil reserves are consistent with last years figures, taking into account oil produced during the year, whilst total proved gas reserves show a 35% increase over the previous year, taking into account 2000 gas production. During 2000, Ninotsminda produced 500,657 barrels of crude oil and 2.5 Billion ft(3) of gas.

Production from Ninotsminda at the end of February is running at approximately 2,930 barrels of oil equivalent (boe) per day, comprising approximately 2,000 barrels of oil per day and 930 boe of gas per day (1 boe = 6,000 ft(3) = 170 m(3) gas). Average daily oil production in January and February 2001 has increased by approximately 25% from the fourth quarter average in 2000. This does not include current production from the Stynawa field in West Ukraine mentioned later in this release.

Work on further appraisal and testing of the recently discovered upper intervals in Ninotsminda continues. In addition to well N78z in the Upper Eocene / Oligocene interval, which was sidetracked in October, existing wells N21 and N59 have been worked over and are now producing from this interval. Well N97 is producing from the higher Sarmatian interval. In the near future, it is planned to deepen well N97 through these upper intervals, to acquire core and log data, and to complete it in the Upper Eocene zone.

Study work on the mapping of these upper zones continues. The initial objectives of this work are to map the recently discovered reservoirs from an understanding of the structural geology to establish potential reserves and to allow optimum development plans to be established to produce the reserves effectively.

Further development of the Middle Eocene reservoir has been rescheduled while the ongoing geological and reservoir modelling work reaches completion in April. This work will produce a dynamic reservoir model that allows a much more effective evaluation of development options. With a significantly enhanced technical understanding of the Middle Eocene reservoir, future development activities in the Middle Eocene should be more cost effective.

Drilling of the Cretaceous exploration well N100 is progressing on schedule for completion in July 2001. At 27th February, the well was at 1,531m towards Target Depth at 4,500m. This is the first well in a three well program undertaken in conjunction with AES. The second well will be spudded in April.

Processing of the seismic survey data acquired last year is now complete and interpretation work has commenced. This data will provide valuable new information for the geological and reservoir models currently being developed for the Ninotsminda field. Interpretation of the data covering the Norio licence area of Block XI (c) and the Kumisi area from the Nazvrevi Licence will clarify prospects for geological targets in these areas.

CanArgo continues to develop its downstream business to fulfil its ambition of being the leading integrated oil company in Georgia. In November 2000, CanArgo increased its shareholding in Georgian-American Oil Refinery (``GAOR'') to 51%. GAOR has now employed an engineering consultancy firm to investigate the feasibility of installing a catalytic reformer to produce high-octane gasoline.

Preliminary results from CanArgo Standard Oil Products, the retail gasoline chain in which CanArgo has a 50% controlling interest, exceed expectations and is generating positive cash flow in its first few months of operation. Expansion continues at a rapid rate with a total of thirteen operational stations expected in early June, and twenty by year end. Further sites have been purchased on the major transit route to West Georgia marking a significant strategic expansion to compliment the core business in the capital city. The retail business fulfils both CanArgo's intentions of creating dependable short-term cash flow, and the long-term goal of securing the marketing chain from production at the field to sales at the pumps.


Tar også med litt om det andre feltet i Ukraina.

Following CanArgo's successful negotiations with Ukranafta in December 2000, preliminary fieldwork at the Stynawa field in Western Ukraine is commencing to carry out the initial four well workover programme. The joint venture, Boryslaw Oil Company (``BOC''), in which CanArgo has a 45% interest, has oil production from the beginning of the year of approximately 200 barrels of oil per day plus associated gas. The initial work-over programme is intended to increase BOC's production and to give data for planning the implementation of a subsequent drilling programme.

Få aksjer på salg. Kommer vi ut fra bakevja i dag ?




[Endret 09.04.01 10:03 av dammerud]
dammerud
09.04.2001 10:13
#2791

Endre
Påskesalg . Ned kraftig på noen få K (7) selv om det nesten ikke er selgere under 8.
Kommer nok til å ta seg opp utover dagen.
Skarven
09.04.2001 10:21
#38

Endre
26% av aksjonærene er med dette bundet til å stemme imot ethvert forslag som har til hensikt å utsette eller hindre denne "fiendtlige" overtakelsen. Spennende!

Det ser ut til at dette går veien for CanArgo. Ledelsen sitter bastet og bundet uten økonomisk motstandskraft.

Re: Dagens fall: Var det en noe uheldig timing av et "best"-sell samtidig med limit-sell for 7,50?

Tror vi kan få et skikkelig race etter påske. Synd at påskefjellet lokker mer nå.
falcon
09.04.2001 10:27
#127

Endre
Hei folkens.

Kan nok få noen stikk oppover (og nedover) , men skal det være noe tyngde bak endringen, må det volum til. Generelt vil dager med lavt volum bare gi små endringer. Vi får bare smøre oss med tålmodighet. CNR mener tydeligvis mening med budet. Dette er nok et strategisk viktig trekk å få i boks.

FALCON
UFO
09.04.2001 10:35
#588

Endre
Sikkert vel og bra for selskapet på lang sikt, men jeg tror mange venter på at CNR skal legge frem tall som faktisk viser at de har økte inntekter også.
Det kan ta tid er jeg litt redd for. Jeg tror heller ikke 1Q resultatet vil gi noe løft.
Skarven
09.04.2001 10:42
#39

Endre
Når kommer 1Q resultatet?
dammerud
09.04.2001 10:53
#2794

Endre
Vet ikke når det kommer men dette kan gi en indikasjon på hva vi har i vente.

Trukket det ut fra den gamle halmen like ovenfor.

Ellers kryper kjøperne oppover(de få), mens selgerne(også få) er meget standhaftige(noe uvandt)

Production from Ninotsminda at the end of February is running at approximately 2,930 barrels of oil equivalent (boe) per day, comprising approximately 2,000 barrels of oil per day and 930 boe of gas per day (1 boe = 6,000 ft(3) = 170 m(3) gas). Average daily oil production in January and February 2001 has increased by approximately 25% from the fourth quarter average in 2000.
vfl
09.04.2001 11:28
#322

Endre
Re Skarven og 1Q01 resultatet

CanArgo legger tradisjonelt fram slike tall 45 dager etter periodeslutt. Dvs at vi kan forvente å få tallene ca 15. mai. Så vidt jeg kan erindre fra tidligere informasjon fra selskapet planlegges det da også en liten turne til Oslo.

vfl
09.04.2001 12:54
#323

Endre
CanArgos nye tilbud til LVRs aksjonærer inneholder følgende endringer:

a) Prisen økes fra 0,10 til 0,11 canadisk dollar pr aksje
b) Akseptgraden reduseres fra 90% til 66,67% av LVR-aksjene
c) Det tidligere forbeholdet (pkt b) om myndighetsgodkjennelse er svekket (gjelder nå kun LVRs handlinger, ikke Ukrnaftas eller Ukrainske myndigheters)
d) Det tidligere forbeholdet (pkt k) om opprettholdelse av LVRs Joint Investment Production Activity Agreement frafalles

Det kan se ut som om CanArgo er villig til å betale en høyere pris og samtidig akseptere en høyere risiko. Jeg håper at Robson i mellomtiden har ”skrevet” en rekke upubliserte kapitler i denne lille påskethrilleren for å kontrollere denne tilsynelatende økte risikoen.
Recon
09.04.2001 22:23
#481

Endre
Salt i såret?

HOUSTON--(BUSINESS WIRE)--April 9, 2001-- Carpatsky Petroleum Inc. (CDNX:KPY - news) today announces that the Company and Lateral Vector Resources Inc. (TSE:LVR - news), an independent oil and gas company based in Regina, Saskatchewan, have amended their binding Letter of Agreement dated March 2, 2001, by which Carpatsky agreed to acquire LVR in a stock-for-stock transaction. The total transaction value of the Company's proposal to LVR shareholders is approximately $0.41 to $0.50 (USD) per share based on the net asset value of the combined companies.

As a result of this amendment, the parties have agreed to:

Conclude this transaction by way of an arrangement agreement under the court approved arrangement provisions of the Business Corporations Act of Saskatchewan;
Extend the term of the Letter of Agreement to Aug. 1, 2001; and
Eliminate certain conditions to closing so that the transaction is subject only to LVR and Carpatsky shareholder approval, Canadian regulatory approval and Saskatchewan court approval of the arrangement agreement.
Specifically, the transaction is not subject to any regulatory approvals in Ukraine, the continuation of LVR's business or operations in Ukraine with no material change, or prior termination of any agreements with or offers from any third parties. In addition, Carpatsky has agreed to assume LVR's North American trade payables.

``We are extremely pleased to have concluded this binding agreement with LVR to amend our Letter of Agreement which benefits both parties to this transaction,'' stated Mr. Robert J. Bensh, chairman and chief executive officer of Carpatsky. ``As a result of our due diligence and negotiations over the past month, we have agreed to eliminate the condition requiring approval from Ukrnafta, the Ukrainian state oil and gas company, which is LVR's partner in Ukraine.

``The transaction with LVR is consistent with our strategy to expand our assets in Ukraine by acquiring existing companies with significant development potential,'' Mr. Bensh continued. ``For LVR shareholders and stakeholders this acquisition creates an opportunity to finally participate in a company that has operated in Ukraine for the past five years and is led by a board and management team focused on creating long-term shareholder value.''

``I'm very pleased to have this opportunity to build upon our already strong working relationship with our partner, Ukrnafta, and look forward to its support as we continue the process of assuming LVR's rights and obligations in Ukraine relating to the Bugruvativske field. We look forward to working with Ukrnafta and aggressively moving forward on a work program that finally develops the reserve potential of this field.''

Carpatsky Petroleum Inc. is an independent oil and gas company, headquartered in Houston. The Company's core area of operations is Ukraine. Together with its partner Ukrnafta, Carpatsky is developing the Rudovsko-Chervonozavodskoye and Bitkov-Babchensky fields in Ukraine. At present, Carpatsky has working interests in eight wells with current net production of approximately four million cubic feet of gas equivalent per day.

This news release contains forward-looking statements that are based only upon information available to the Company on the date of this release. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurances that forecasted results will be achieved. Important factors that could cause actual results to differ materially from those in the forward-looking statements include future oil and gas prices, drilling risks, foreign currency fluctuations, political uncertainties, environmental risks and the Company's ability to replace reserves, pursue acquisition opportunities and raise capital.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Recon
dammerud
09.04.2001 22:47
#2797

Endre
Er dette slutten på Canargos mulighet til å kjøpe seg mer inn i Ukraina.

Men det er opp til aksjonærene.

Hva betyr denne passussen:
Extend the term of the Letter of Agreement to Aug. 1, 2001; and
Eliminate certain conditions to closing so that the transaction is subject only to LVR and Carpatsky shareholder approval, Canadian regulatory approval and Saskatchewan court approval of the arrangement agreement.

Så nå spørs om aksjonærene fremdeles får mulighetene til å få penger fra Canargo eller de må nøye seg med aksjer i Carpatsky.
vfl
10.04.2001 01:02
#324

Endre
Hei Dammerud et al. Morsom, liten påskethriller dette! Her er mine betraktninger:

I mitt innlegg ovenfor kommenterer jeg CanArgos nye tilbud som: ”Økt pris og Økt risiko”. CanArgos opprinnelige tilbud inneholdt en lang rekke (pktene a – m!) av forskjellige slags forbehold. Spesielt fant jeg det bemerkelsesverdig at CanArgos opprinnelige tilbud inneholdt forbehold knyttet til spesifikke ukrainske forhold som LVRs aksjonærer ikke har den minste innflytelse over. Disse forbeholdene ble tonet noe ned i CanArgos oppdaterte tilbud. Dvs CanArgos risiko synes å være økt. Men fortsatt gjenstår en del forhold som ikke er avklart innen 11. april kl 15.00. Altså hefter det en viss usikkerhet mht hvorvidt CanArgos tilbud faktisk vil være forpliktende.

Nå møter Carpatsky dette med et mottrekk hvor de sier at man vil ta sikte på å ”Eliminate certain conditions to closing so that the transaction is subject only to LVR and Carpatsky shareholder approval”. Og dette er da nettopp poenget! Carpatsky sier – slik jeg leser dette - at de er villig til å gjøre nødvendige avklaringer for å kunne kjøpe LVR ”as is”. Dvs uten forbehold som ligger utenfor LVRs og Carpatskys egen kontroll. For å klare dette må der jobbes intenst med en rekke avklaringer overfor Ukrainske myndigheter og overfor Ukrnafta. Derfor forlenges fristen på Carpatskys ”Letter of Agreement” fram til 1. august.

Jeg vet ikke hvor mange av dere andre som har lest årsrapporter, regnskapstall osv for Carpatsky http://www.sedar.com/cgi-bin/searcher?profile=pc. For min egen del kan jeg litt uhøytidelig og fleipete si at kanskje CanArgo skulle kaste inn håndkleet nå, satse knallhardt på godt kompetansesamarbeid med Ukrnafta, og heller vente et år eller to for så å kjøpe Carpatsky (hvori opptatt LVR) for en rimelig penge?

Jeg merker meg CanArgos støtte fra 26,2% av aksjonærene (principal shareholders). Dette må antas å veie tungt i CanArgos favør. Og Robson er en durkdreven ringrev.

Carpatsky har antakelig et sterkt fokus på vekst for tiden, les bare fra deres pressemelding forrige uke:
Houston (April 5, 2001) – Robert J. Bensh, Chief Executive Officer of Carpatsky Petroleum Inc. announced that the company has been advised that it has satisfied all of the requirements of the Canadian Venture Exchange in order for trading in Carpatsky stock to resume on the Exchange. The company anticipates that trading will resume on Friday, April 6, 2001.
“This development is a significant step toward our goal to substantially expand Carpatsky and proof that the company is gaining positive momentum,” said Robert J. Bensh, Chairman and CEO of Carpatsky.
Mr. Bensh also took the opportunity to announce a restructuring of the board of directors. …
Finally, the company announced that the proposed merger with Pease Oil and Gas Company has been terminated by agreement between the parties.”


Noen som kan følge opp og informere om kursutviklingen for Carpatsky i morgen for å se deres egne aksjonærers reaksjon på det nye tilbudet på LVR?

Rettelse pr 10.4: Beklager - jeg hadde ikke fått med meg at CanArgo også har forlenget tilbudsperioden: "The Amended Offer will be open for acceptance until April 24, 2001."



[Endret 10.04.01 14:00 av vfl]
Recon
10.04.2001 08:24
#482

Endre
Børsmelding fra 2. mars d.å. Altså seks dager før første tilbud fra CanArgo.

HOUSTON, March 2 /CNW/ -- The Company will hold a teleconference call Friday, March 2, 2001 at 2:00 p.m. CST. Robert Bensh will host the call. To participate, please call 1-800-633-8508 or 1-303-248-1409, reservation number 18174813 just prior to the scheduled time.
Carpatsky Petroleum, Inc. (CDNX: KPY - news) announced that it has signed a binding Letter of Agreement to acquire Lateral Vector Resources Inc. (Toronto: LVR - news), an independent oil and gas company based in Regina, Saskatchewan, in a stock-for-stock transaction. The transaction has been approved by the Boards of Directors of both companies and is subject to shareholder and regulatory approval. Upon closing, in exchange for 100 percent of LVR's stock, Carpatsky will issue to LVR new shares of common stock representing 16 percent of the total Carpatsky shares outstanding on a fully diluted basis. Carpatsky will assume all transaction costs. In addition, LVR will appoint a representative to Carpatsky's Board of Directors. The transaction is expected to close in May 2001.

"We are very excited about the acquisition of LVR as it is in line with our vision to develop Carpatsky into the largest independent, foreign operator of oil and gas reserves in Ukraine and Eastern Europe," stated Mr. Robert J. Bensh, Chairman and Chief Executive Officer of Carpatsky.

"In addition, this acquisition is consistent with our strategy to expand our assets in Ukraine by acquiring existing companies with significant development potential," Mr. Bensh continued. "Currently, our assets are primarily interests in gas fields. Our acquisition of LVR, whose primary asset is its interest in the Bugruvativske oil field, will diversify our portfolio and asset base, reduce our exposure to commodity risk and enable us to sell a product that is more readily exported. We will also realize operating and cost efficiencies by aggregating these assets, with a positive impact on revenues, cash flow and earnings."

"Finally, we are very pleased to have this opportunity to build upon our already strong working relationship with our current partner, Ukrnafta, the Ukrainian state oil and gas company, and look forward to its support as we begin the process of assuming LVR's rights and obligations in Ukraine relating to the Bugruvativske field. We look forward to working with Ukrnafta and aggressively moving forward on a work program that develops the significant reserve potential of this field."

Carpatsky Petroleum, Inc. is an independent oil and gas company, headquartered in Houston, Texas. The Company's core area of operations is Ukraine. Together with Ukrnafta, Carpatsky is developing the Rudovsko-Chervonozavodskoye and Bitkov-Babchensky fields in Ukraine. At present, Carpatsky has working interests in eight wells with current net production of approximately four million cubic feet of gas equivalent per day.

This news release contains forward-looking statements that are based only upon information available to the Company on the date of this release. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurances that forecasted results will be achieved. Important factors that could cause actual results to differ materially from those in the forward-looking statements include future oil and gas prices, drilling risks, foreign currency fluctuations, political uncertainties, environmental risks and the Company's ability to replace reserves, pursue acquisition opportunities and raise capital.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Recon


[Endret 10.04.01 08:26 av Recon]
dammerud
10.04.2001 12:06
#2801

Endre
Hei på dere .

Nå ligger Canargo nærmest stille i bakevja.
Men en kan filosofere hva som vil skje når neste produksjonsmelding kommer.

Burde komme litt før fremleggelsen av Q1.

Så er også spørsmålet om hvordan Ukraina trilleren utvikler seg.

Spørsmålet er hvordan aksjonærene tolker de to tilbudene.

Det er nesten som å være på auksjon. Men nå er det Canargos bud som er først i kjømda. Carpatsky har fått sitt utsatt.

Hvis Canargo sitt bud aksepteres så betyr det ca 30 + +millioner ut av Canargos kasse til aksjonærene i LVR for noe VFL antok var vært nærmere milliarden( + - noen hundre millioner(mine tall)).
Hvis ikke så fortsettes det som før.
Får se.
God påske.
Recon
10.04.2001 16:52
#484

Endre
Re Dammerud
....og akseptfristen er før påske, men etter at OSE er stengt. Kan bli en spennende åpning tirsdag 17. dersom handelen går i boks.

Recon
vfl
10.04.2001 20:51
#325

Endre
Re Recon

Beklager, mulig jeg har forledet flere til å tro at akseptfristen er før påske. Men CanArgo har forlenget tilbudsperioden: "The Amended Offer will be open for acceptance until April 24, 2001." Vi får vente og se.
dammerud
11.04.2001 09:35
#2805

Endre
Er det siste dag i bakevja ???

Pretraden viser litt optimisme på kjøpssida. lenge siden sist.

Stort sett har kursen ligget i STILLA på 7.50 -7.70, men det ser ut som noe er i ferd med å skje.
Åpning så langt på 7.75, det er 20 øre opp.
Får se.


[Endret 11.04.01 09:37 av dammerud]
Recon
11.04.2001 11:23
#485

Endre
Re vfl
Ok, det var vel litt for godt at de fikk snappet selskapet så fort, he-he. Blir nok flere budrunder her er jeg redd.

Recon
Kong Neptun
11.04.2001 13:29
#15

Endre
Ifm utfylling av RF-1248 trenger jeg org.nummeret til Canargo.
Fant ikke noe i Brønnøysundregisteret - kanskje ikke så rart?
Kan noen hjelpe meg litt med hva jeg eventuelt skal fylle ut i punkt 102.
Zaphod
11.04.2001 14:02
#42

Endre
Re: Kong Neptun

Org.nr. for Canargo: 972408360
clit
11.04.2001 14:03
#168

Endre
Org.nr.972 408 360
ISIN:US1372251082
Kong Neptun
11.04.2001 14:16
#16

Endre
Takk og god påske!
langsiktig
12.04.2001 18:32
#39

Endre
Oljeprisen er naa opp 2,6 % 27,21 USD per fat. Dette til tross for at amerikanske oljelagre denne uken viste seg aa vaere storre enn planlagt, og frykten for at en amerikansk resesjon vil redusere ettersporselen etter olje.
moberg
13.04.2001 15:51
#444

Endre
har du begynt å spa' i hagen igjen Dammerud ???
eller går du runden på tredemølla enda, gjelder å holde seg
i form
dammerud
13.04.2001 18:19
#2816

Endre
Til Moberg.

Formen er god, snøen er ikke helt borte, men skal ut å planlegge blomsterarrangementet nå.

Tror det skal bli en fin vår for Canargo som jeg tror vil blomstre opp i mai.

Håper du selv trener. Det er viktig for et godt og aktivt liv.

Jeg har hatt mest glede av maratontreningen. Har gitt meg bra utholdenhet og kondisjon i hverdagslivet.

Ha fortsatt en god påske.
oddisen
15.04.2001 17:52
#2

Endre
Har fulgt Cnr i ca et år. Kjøpte på anbefaling fra Dnb i April i fjor da kursen lå på kr 9,50. Det ble da sagt at resultatet av de viktikste prøveboringene skulle foreligge i løpet av sommeren i fjor. Dette ble senere utsatt til årskiftet, som igjen er blitt utsatt til denne sommeren. Er det realistisk å tro at dette blir gjennomført, eller kan det fort bli flere utsettelser?
risky
15.04.2001 18:12
#488

Endre
Dammerud:

.... "utholdenhet og kondisjon i hverdagslivet"?

Det er vel flere enn oss på her ST som merker det, tenker jeg :)

"Men nå er det nok Karl"!

Vel overstått Påske!
dammerud
16.04.2001 12:25
#2826

Endre
Vell møtt etter påske.

Canargo har ligget i bakevje lenge og jeg vil bare ta et lite tilbakeblikk på fjoråret og se fram til sommerens store begivenhet for Canargo: Vi må ikke glemme den.
I april 2000 var det fokus på gasslommen i Cret.sonen på 4500 m og her er hva som ble skrevet den gangen og senere
FRA DNB
med anbefaling av selskapet.
"CanArgo Energy gjennomfører en emisjon på 27 millioner kroner i forbindelse med et større gassprosjekt i Georgia. Prosjektet kan ha en verdi på alt fra 10 til 70 kr. pr. aksje i tillegg til stort potensiale på andre letelisenser selskapet er tildelt"

Ifølge avisen kan feltet inneholde opptil 113 milliarder cubm. gass. Det mest sannsynlige er 30 som vil gi ca. 60kr. pr. aksje. I tillegg har CNR mange andre spennende felt.
i Juni 2000 skriver DNB.
at : Basert på dagens produksjon i selskapet anslår vi en verdi pr. aksje til mellom 10 og 12 kroner, med en årlig kontantstrøm på rundt 3 kroner pr. aksje.
Merverdien fra det planlagte gassprosjektet ligger mellom 10 og 70 kroner pr. aksje. Reserveanslaget som anses som mest sannsynlig er 30 milliarder kubikkmeter gass, gir en merverdi på rundt 30 kroner pr aksje.
Vårt kursmål på 16 til 18 kroner er basert på en 20% sannsynlighet vellykket gassboring.


Men så støtte de på olje og gasslag underveis og måtte sette opp en ny brønn N100 hvor nå borehodet nærmer seg gasslommen. Georgias president var tilstede da boringen her startet.
LONDON AND OSLO, Norway--(BUSINESS WIRE)--Jan. 10, 2001--CanArgo Energy Corporation (OTCBB: GUSH) (OSLO STOCK EXCHANGE:CNR) today reported that the President of Georgia, Eduard Shevardnadze, visited Ninotsminda Oil Field to officially inaugurate the N100 Cretaceous Well and to view production from the recent successful tests in the upper reservoir of the field.
He was accompanied by the Chairman of Parliament, the Head of Georgian Oil and the Governor of the region.
Well N100 will be drilled to a depth of 4,500 m to test the large Cretaceous structure that has the potential to contain significant amounts of gas. This well replaces N97 which encountered hydrocarbons in the Sarmatian/Upper Eocene interval and which is currently undergoing production testing. Well N100 is planned to be completed by the summer of this year and is jointly funded by AES with the expectation that any gas production will be utilised in their thermal power plant which is currently being supplied by gas from the Ninotsminda Field.
President Shevardnadze also visited the recent new discovery, N78, which is producing from the Oligocene interval and which was reported recently. Testing has continued on this well, which is currently flowing on a 7.8 mm choke at a rate of approximately 1060 barrels of oil per day. The well is also producing associated gas with the oil. The testing programme will continue in order to clarify the optimum long-term production rate for the well.
President Shevardnadze said, "I hope that within the next year the two energy plants in Tbilisi will be supplied by domestic production from these wells. This is a great contribution to the future of Georgia."

Dessuten pågår det mye andre steder også.

Ukrainatrilleren til VFL er i gang og svaret kommer om ca 10 dager.


Her er hovedområdene for Canargos virksomhet i 2001
1 - Ninotsminda PSC
2 - Nazvrevi PSC
3 - Norio / Kumisi PSC
4 - Ukraine
5 - Caspian (KaspOil)
6 - Oil Refinery (GAOR)
7 - Retail Gasoline Business (CSOP)
Håper og tror på et godt Canargoår.
MVH






[Endret 16.04.01 12:26 av dammerud]
uturen
16.04.2001 17:10
#198

Endre
Har holdt fast ved mine CNR, selv om fristelsen for å dumpe dem har vært stor i perioder.

Med så mange aktiviteter på gang (ref din opplisting) forundrer det meg at CNR ikke har oppdatert aksjonærene siden januar (ser da bort fra opplysningene i forbindelse med foreløpig årsresultat).

En ting er sikker, om/når CNR passerer halvparten av DNBs mål for verdistigning ved vellykket boring av N100, da er tida inne for meg til å skifte kallenavne. Det nye er rigistert og klart for bruk.

hilsen
uturen, med fortsatt stor tru på CNR
Siddis1
16.04.2001 18:11
#132

Endre
re Dammerud

er nå tilbake fra påskeferie og vurderer nå å kjøpe noe Canargo. Har ikke fulgt denne aksjen tidligere og lurer på hvorfor kursen raste fra 90 til under 20 i 1997?
Ser også at firmaet ikke har hatt positivt resultat de siste årene. Når kan en forvente at ivesteringer som CNR har gjort gir avkastning?

mvh Siddis1
moberg
16.04.2001 20:55
#449

Endre
Var ikke CNR tidligere FOUTAIN OIL???????som var registrert på OB, synes å huske at kursen svingte like mye som OPC gjør i dag!!!!
oslo total
16.04.2001 21:14
#92

Endre
CNR het tidligere fountail oil (FOU).
Selskapet var priset til rundt 1 milliard i 1997 på forhåpninger om store oljefunn.
Da letebrønnene var tomme tapte selskapet selvsagt penger, og kursen stupte.
Folkene bak FOU komm forresten fra PGS, bl.a

Da selkapet i realiteten var konkurs fusjonerte de med det kanadiske Can-Argo
dammerud
16.04.2001 22:13
#2827

Endre
Til dere som var inne i eller kjente det. dette er noe helt annet.
Fountain oil-likene er borte og Canargo står på egne trygge bein.
Dette er en helt annen "Cup of tea"

Til dere "nye". Ta en titt på infobiblioteket vårt eller på de siste månedstopicene som er fulle av den siste infoen" og velkommen inn.

MVh.
dammerud
17.04.2001 09:38
#2831

Endre
Til siddis fra en gammale siddis som reiste fra Stavanger for 55 år siden.Velkommen til Canargo. Se på hjemmesiden canargo.com. her vil du finne de siste info.
Pretrade tirsdag.
Men en oljepris på vei oppover og en etterpåsketriller i Ukraina og oppdatering på hjemmesiden, så tror jeg vi endelig er ute av bakevja.

Fiskeflåten som har fangstet på brisling er der fremdeles, men det ser ut på selgersiden som om storsilda er på vei inn.
Slik som det var i gamle dager i Haugesund og Stavanger og da ongane i gadå gjekk på kaien og fekk gratis sild med heim.

Storsildå ligg på 7.85 og oppøve.

Jaja.
Krafer
17.04.2001 09:56
#353

Endre
Re Siddis1
Tror en av hovedgrunnene til at FOU raste i 1997 var at feltet de satset mest på lå i Albania, og de måtte stenge ned all aktivitet der pga. politisk uro.

Det er ikke umulig at Canargo viser positivt resultat (dog lite) allerede i Q1. Men noen store inntekter kan man nok ikke vente før til høsten når gassleveransene fra boringene som nå foregår forhåpentligvis kommer igang.



[Endret 17.04.01 09:59 av Krafer]
NILSERIK
17.04.2001 10:30
#1644

Endre
Re Siddis

Kursen falt også fra 16 til 6-7 da meldingen om at boringen etter olje var mislykket (mest vann) og den totale produksjonen til Fountain Oil var den gang ca. 200 fat pr. dag og det er ikke mye å leve av når utgiftene er høye.
FOU var hausset og et pengesluk uten like. CNR driver på en mye sunnere måte og kan bli en skikkelig "gullklump" for aksjonærene.
Siddis1
17.04.2001 10:38
#137

Endre
Takk for info. Laster meg nok litt opp i CNR, men har mest inne i DNO for øyeblikket

mvh
Siddis1
Siddis1
17.04.2001 14:58
#139

Endre
Hei Dammerud (gamle siddis),

kan du slippe ut 3k til 7.7?

mvh Siddis1
Kong Neptun
17.04.2001 15:01
#17

Endre
Hva skjer med CNR kursen dersom konflikten i midtøsten forverres ytterligere. Er det noen som har noen formening om det? Jeg føler meg ikke helt komfortabel med å ha for mye penger i CNR pga denne risikoen.
dammerud
17.04.2001 15:11
#2836

Endre
Til Siddis 1.
Beklager,sitter long på mine Canargoer.

Til neptune.

Økende konflikt gir økende oljepris og økende muligheter
for de som er på sidelinja. Canargo er her på sidelinja.

Liker ikke det som skjer der nede.
Bedre med stabile forhold.

PS. Er det noen som vet hvor ulven er eller må vi få tak i et jaktlag fra Alvdal..
skipper*
17.04.2001 15:13
#100

Endre
hei dammerud
hva tror du om midtøsten i dag, dette ser ikke lovene ut annet enn for oljeprisen...og CNR
Siddis1
17.04.2001 15:26
#140

Endre
Fikk mine 3k på 7,74. Håper dette blir like god butikk som DNO.

mvh Siddis1
dammerud
17.04.2001 15:39
#2837

Endre
Til Skipper.

Ville helst ha fred og rolige forhold.

Husk mennersker blir drept og lemlestet. Nå er stabilitet det beste for verden og også oljeprisen.

Husk at de Araberlandene som liker balansen kan bli kastet ut i borgerkrig og underskuddsdemokratiene kan gå over ende.
Men det er vår og forandring.
Var i Spania i Francotida og i Sovjet i Glasnosttida og i Bosnia, Kroatia og Montenegro like før det braket løs.
Var i Abkhasia og Georgia like før borgerkrigene og så film ipåsken herfra fra Abkhasia med rydding av landminer osv.
Nei fred er dog det beste.

Lander i Alicante 22. april for 2 uker på Solgården ( i jobb).
Gleder meg.
Ramzi
18.04.2001 10:34
#87

Endre
På kort sikt kan krisen i midt-østen gi en høyere oljepris, men ser vi litt lengere frem, så betyr krig og krise lavere vekst, og lavere etterspørsel. Det er veldig få land, også i midt østen som tjener på en lavere vekst. Hvis det blir noen krig, blir det en fortsettelse av den lav-intensive krigen vi har i dag. Det vil ikke stanse veksten for mye, mens de som har våpen som business tjener sine penger.
Det er riktig som Dammerud sier, fred er det beste.


[Endret 18.04.01 10:34 av Ramzi]
FountainOil
18.04.2001 14:24
#3

Endre
Økte min beholdning med 3k i dag til kurs 7,70. Sitter nå med en vekt på 40-45% i CanArgo. Når kan vi vente neste gladmelding fra selskapet? Hvis fremtidsutsiktene er så lyse som Dammerud og DnB M. påstår, hvorfor ligger vi da i denne bakevja så lenge? Hvordan skal vi få øynene opp på den gemene hop slik at det blir etterspørsel etter dette papiret?
Siddis1
18.04.2001 22:14
#157

Endre
Hei Dammerud,

for å få noe fart på CNR kan du vel opplyse om at du har kjøpt 1k. Dette trikset fungerte utmerket med DNO!

mvh
Siddis1
jallis
18.04.2001 22:23
#16

Endre
Hallo Mr Dammerud.
Når oljeprisen faller, stiger dollarkursen, også verdien på oljerelaterte aksjer eks idag sfj.noi.og cnr synker i verdi,
hvorfor? disse selskapene får oppgjør for oljen i dollar.
Breed
18.04.2001 22:48
#413

Endre
Dammerud et al.

Jeg kommer her med en bønn og oppfordring om at du dammerud øker hyppigheten av innleggene dine igjen.
I over en måned har denne topic'en (lik aksjen) fallt helt i bakevja - enkelte ganger helt til side 3.
Nei, dammerud. Begynn med dine daglige betraktninger.
Fersking: hvor har det blitt av din søken etter relevant info?
Og vfl: kan du ikke sende mail til Canargo slik du har gjort det tidligere?

Vi trenger INFO !!
dammerud
18.04.2001 23:57
#2841

Endre
Med hilsen fra bakevja.

Tror at første eventuelle opp og ut av bakevja kan være noe positivt fra Ukraina. 2. Q1 3. N100 i juni/juli.

Men de har nå 5 bensinstasjoner i gang og hjemmesida har mye fint.

MVH.
gurre
19.04.2001 09:37
#36

Endre
Hu og hei hvor det går. En eller annen kamerat har lagt ut
for salg til 6.95 i dag og nå går det ned til 6.94. Dette
bør være en tastefeil.
Siddis1
19.04.2001 09:43
#159

Endre
Regner med at disse postene trekkes rett før åpning
FountainOil
19.04.2001 09:47
#5

Endre
Håper det ikke var jeg som tastet feil i går kveld... Sitter med 5000 CNR (5k ligger for salg til 6,95), og la i går inn kjøp av 1k til for 6,95 fordi jeg hadde drøyt 7k NOK på handlekonto (just for fun...)
Bruker DnB nett og har ikke installert denne på jobb og får dermed ikke sjekket ståa...
dammerud
19.04.2001 09:52
#2845

Endre
Re 6.95
Fountain oil! bruk telefonen !!!!!
dammerud
19.04.2001 09:54
#2846

Endre
Fountain Oil kan utløse stopploss. UFF


[Endret 19.04.01 09:54 av dammerud]
FountainOil
19.04.2001 09:57
#6

Endre
Sjekket og klarert. Det var ikke mine. phuuuuu.....
Heimdall
19.04.2001 10:01
#78

Endre
Skrekk og gru!!!

Det ryktes at Irak har avfyrt flere scudd-raketter mot Iran!
FountainOil
19.04.2001 10:02
#7

Endre
Men hvem er det som gjør dette mot oss? 6,95!!!!
Og en på 6,94!!!
Hva er det som skjer her?



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