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http://www.bloomberg.com/news/2011-08-21/chart-fears-make-gold-expensive-versus-oil.html


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http://www.fundweb.co.uk/1036679.article?cmpid=14001

Oil companies will not stay undervalued, says expert

24 August 2011 | By Henry Brennan
The undervaluation of the oil companies cannot continue for much longer, according to the Junior Oils Trust.

Angelos Damaskos

The recent weaknesses in the global markets, including the free-fall in August have contributed to the dislocation of share prices from the price of oil.

Companies are therefore undervalued, and this dislocation cannot continue for long, says Angelos Damaskos, the fund advisor for the Junior Oils Trust.

Having positioned the portfolio defensively since the beginning of the year, taking out significant cash positions alongside a 14% weighting to corporate bonds, the fund is moving back into equities to take advantage of what is being seen as a strong buying opportunity.

We have been selectively investing available cash reserves into equities since May and are finding many attractive companies with sound fundamentals are trading at extraordinarily cheap valuations.

Even within a slowing global economy, demand for energy will likely continue to grow, albeit at a reduced rate, as demonstrated by Chinas increasing rate of oil imports.

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There are no delays.

Well is presently at week 9 and expectation was 9 to 10 weeks. So no delays as yet.

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See post 25.

Its all going ahead now.........

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Its been held up by government red tape, all articles now suggest on line in 2012, so not long to go now it seems.

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The interim results are due out next week, should be more detail in them on everything.

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400 metres to go.

http://www.asx.com.au/asxpdf/20110826/pdf/420ndw9yk874fk.pdf

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Looks like Aminex (Ndovu Resources) will get Kiliwani on line through the Orca pipeline.


Page 32 of the Orca Q2 results.

http://www.orcaexploration.com/2011/2011_Q2_OrcaExploration_FULL.pdf


Access to infrastructure

Ndovu Resources Limited, with support from TPDC and the Ministry of Energy, has indicated that they wish to tie into the gas processing plant on Songo Songo Island and sell up to 10 MMcfd from their Kiliwani North field. The Company is currently in discussions with Ndovu to agree appropriate commercial terms

Could fly past 10p on a good result...

Indeed it could.

If the median estimates for Nyuni-2 come in, it puts 30p a share on.

If its top range for Nyuni-2 it adds 50p a share.

So depending on what level of success, IF ANY, then it could easily fly through many levels much higher than where the share price is now.

Starting to liven up a little now.

Bought in here for the prospects news over the next 12 months somwhat swayed by the level of director buying a few months ago, and which ones were buying.

That alone told a story.

have in the last week bought in to these looking for big jump over the next 6 months

For those saying Nyuni is isolated and will take many years to bring on line, well, it does not look that way now...... snippets below with link :


http://dailynews.co.tz/home/?n=23312&cat=home

By ALVAR MWAKYUSA, 1st September 2011 @ 14:36,

CONSTRUCTION of a US$700 million (about 1.12trl/-) natural gas pipeline from Mtwara to Dar es Salaam will be implemented for one year and not three as earlier planned.

The Director General of Tanzania Petroleum Development Corporation (TPDC), Mr Yona Kilagane, said in an interview that the project will be fast-tracked................

............The pipeline is expected to connect Mnazi Bay, Songo Songo, Kiliwani/Nyuni, Mkuranga and a deep sea gas reserves in the country.

The Chinese government is expected to fund the multibillion project. Three teams from China have visited Tanzania on separate occasions to discuss implementation of the mission...............

This weeks Oil and Gas price monitor from Merchant Securities :

http://www.mediafire.com/?ddmh1qawrnb9w3e

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