Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 11:54 AM. | Search:

» StockRants Stock Forum » Public Stock Forums » Canadian Stock Picks » Strong Buy: Oil explorer set to drill in december

Thread Tools Search this Thread
Old 10-30-2015, 04:02 AM   Nav to Top  #1
Junior Trader
hamilcar54's Avatar
Join Date: Oct 2015
Location: Bruges
Posts: 4
Favorites: HENC TGC EFLO
Rep Power: 59
Reputation: 10
hamilcar54 is on a distinguished road
Arrow Oil explorer set to drill in december

Terra Nova Energy (TGC ticker on Canadian Venture):

Focused on onshore exploring for and developing low cost, high margin oil in Australia's Cooper Basin.

Short info sheet:

- cost per barrel is 23-28$
- Brent oil now sells for around 50$ a barrel
- the company receives an extra 10%-15% premium above the Brent market price
- to be proven reserves in the upcoming drilling campaign of around 92.7 million barrels of oil
- company owns 20% of the oil properties
- drilling starts in december
- only 6% of the total acreage has been shot with 3d seismic, that leaves still 93% unexplored. Can you imagine what the other 93% might hold if 6% of their acreage already shows a possible 92.7 million barrels !!!

This results in a possible share price of around 6$ when the reserves are proven after the drilling campaign ends (The stock now trades around 0,08$)! Remember, this is only for their explored 6% acreage, the potential upside here is still much higher !

Management did a PP and they themselves raised money for the company earlier this year so they also have a lot of skin in the game !

The company trades on the Canadian Venture exchange but also on the OTC (TNVMF). I would advise to buy on the Venture since volume there is always much higher then on the OTC, the OTC is very thinly traded so it's difficult to get in/out.

Company Share Structure:

87.5 Million Shares
7.4 Million Options
1.9 Million Warrants
= 96.8 Million fully diluted

Drilling news:
Terra Nova Engages Senex Energy to Complete First Well on PEL 444 - Yahoo Finance

A runup into drilling is expected here and a big pop when they hit oil
hamilcar54 is offline   Rate this post Yes | No Reply With Quote


Similar Threads
Thread Thread Starter Forum Replies Last Post
Strong Buy: Oil explorer set to drill in december hamilcar54 US Penny Stock Picks 1 11-02-2015 03:29 AM
Strong Buy: Heres my fav gold explorer , well worth the dd imho: Goldendayscom Canadian Stock Picks 1 08-12-2013 04:19 PM
Strong Buy: VIPR Industries Inc. Gold & Uranium Explorer $$$ Bulldogs11 US Penny Stock Picks 0 02-23-2011 07:45 PM

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On