Der Petrogen Thread

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eröffnet am: 14.09.05 11:09 von: Nebelland200. Anzahl Beiträge: 4
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14.09.05 11:09

1392 Postings, 5624 Tage Nebelland2005Der Petrogen Thread

Hi

mich wundert es, dass Petrogen (ptgc.ob) hier im Board so wenig Beachtung findet.

Petrogen hat vor wenigen Wochen mit der Förderung und dem Verkauf (22.07.05)von Gas in der Nähe von Houston begonnen. Die Förderquote liegt bei ca. 250.000 bis 1.500.000
Kubikfuss pro Tag(wer kanns umrechnen?).
Seither hat sich der Aktienkurs mehr als verdoppelt. Wer ist von euch investiert?
Wie beurteilt ihr die weiteren Chancen?

Meinungen erbeten!?

Grüße
Nebel




 
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14.09.05 19:57

1392 Postings, 5624 Tage Nebelland2005NEWS Petrogen

Petrogen's Hawes Field Daily Gas Flow to Increase
Wednesday September 14, 9:00 am ET  
- Compression Initiative Anticipated to Double Current Production -


HOUSTON, Sept. 14 /PRNewswire-FirstCall/ -- Petrogen Corp. (OTC Bulletin Board: PTGC - News) announced today that it has entered into an agreement with Hanover Compression Company (NYSE: HC - News) of Houston, Texas (Hanover) to implement 2-stage natural gas compression to Petrogen's Emily Hawes #3A well (EH#3A) at its Emily Hawes Field property, Calhoun County, Texas. Hanover is a global market leader in full service natural gas compression and a leading provider of service, fabrication and equipment for oil and natural gas processing and transportation applications.

Petrogen sought input from three independent compression services companies to analyze the Company's EH#3A well data. On August 30, 2005, Hanover was contracted to ascertain to what degree natural gas flow rates could be increased from the well through the addition of compression. Results of wellbore pressure and data analyses indicate that production flows from the EH#3A can be increased to approximately 800Mcfgd with one stage of compression, doubling current average daily production.

High line pressures on the Northern Natural Gas/Matagorda Offshore Pipeline System sales pipeline (NNG/MOPS) have resulted in suppressing optimum daily natural gas flow rates from the EH#3A. Results of the Hanover analysis further indicate that the addition of compression on the EH#3A can result in higher flow rates from the EH#3A into the NNG/MOPS, into which Petrogen's Matagorda Island Gas Gathering System (MIGS) ties.

Over the course of the past six weeks, natural gas production from the EH#3A has fluctuated between 250Mcfgd to 1,500Mcfgd during which time the Company has been receiving daily sales prices for its natural gas production from the EH#3A ranging from $10.00 per Mcfg up to as high as $15.05 per Mcfg.

Sacha H. Spindler, Petrogen's Chief Executive Officer, stated, "Introducing compression to the EH#3A will substantially increase its daily natural gas production resulting in significantly greater revenues from the well. The Company is already receiving revenues from the EH#3A, and with the anticipated daily production increases, those revenues will be realized to an even greater extent due to the very high take away sales prices Petrogen is receiving for its natural gas from Emily Hawes Field."

On November 23, 2004, Petrogen announced that it successfully tested natural gas from the EH#3A well from the Basal Miocene M1 sand with an absolute open flow of 1,998 mcfgd; 978 mcfgd was tested on a 14/64" choke with flowing tubing pressure of 1,395 psi and a final shut-in pressure of 1,950 psi.

On May 7, 2005, crews were mobilized to Emily Hawes Field and immediately began an extended production test of the EH#3A well. The well tested initial production rates between 266Mcfgd on a 10/64" choke to 750 mcfgd on a 12/64" choke with final flowing tubing pressure of 1,420 psi against 400 psi back-pressure. Analysis of the gas produced during this test measured 97.3% methane with 1,025 BTU/cubic foot content. The high BTU content of the well is providing for exceptional sales prices at the NNG, which have recently been as high as $15.05/Mcfg. On August 3rd, 2005 Petrogen announced that it had commenced natural gas sales from the EH#3A well; the well has been producing natural gas consistently since that time.

The Emily Hawes Field property is located approximately 90 miles southwest of Houston, Texas within the prolific oil and gas producing Miocene-Frio trend of the onshore and offshore Texas Gulf Coast. Near term plans include the expansion of operations through the development of a number of infill and step-out drilling locations targeted at the Basal Miocene Sands within the Emily Hawes Field after the completion and hook-up of the EH#3A well.

About Matagorda Island

Matagorda Island is one of seven barrier islands located in the Gulf of Mexico, Texas Gulf Coast. Today, Texas and the Texas Gulf Coast represent one of the premier oil and gas exploration regions in the world, accounting for 32% of all natural gas production and 27% of proved natural gas reserves in the United States. Over the past few years, several large discoveries by Shell, BP and Chevron Texaco have contributed to the growing prominence of the Gulf Coast region as a hotbed for the expansion of domestic natural gas developments. Matagorda Island is approximately 34 miles long by 4 miles wide and is situated along the prolific, natural gas producing Miocene/Frio trend.

About Petrogen

Petrogen Corp. is a Houston, Texas based up-stream energy company specializing in the acquisition and development of natural gas properties with known hydrocarbon reserves in the Texas Gulf Coast region.Petrogen's Hawes Field Daily Gas Flow to Increase
Wednesday September 14, 9:00 am ET  
- Compression Initiative Anticipated to Double Current Production -


 
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15.09.05 15:47

1392 Postings, 5624 Tage Nebelland2005RT Petrogen 0,89 $ !!+ 7,5 cent o. T.

15.09.05 15:53

1392 Postings, 5624 Tage Nebelland2005NEWS !

Hi

Da geht im Moment wirklich die Post ab!
Wo sind die Investierten in Deutschland??




Petrogen Signs Drilling Agreement to Spud the Emily Hawes #1A

- Step-Out Drilling to Expand Emily Hawes Field Natural Gas Production -

HOUSTON, Sept 15, 2005 /PRNewswire-FirstCall via COMTEX/ -- Petrogen Corp. ( PTGC ) announced today that it has entered into a drilling agreement with Moncla Well Service (Moncla) of Lafayette, Louisiana to commence the drilling of the Emily Hawes #1A Sidetrack well (EH#1A) on the Company's Emily Hawes Field property, Calhoun County, Texas (the Property). Moncla is one of the most highly recognized and esteemed drilling and completion specialists in the Gulf Coast.

During the month of June, 2005, Petrogen's operations team readied the EH#1A location, the second sidetrack drilling location on the Property. Similar to the natural gas producing Emily Hawes #3A discovery well (EH#3A), the EH#1A step-out location has been prepared to be kicked off at a depth of approximately 2,700' by cutting the casing and setting a 200 foot cement kick- off plug. This allows the Company to re-enter the hole and utilize 2,600' of the existing well to directionally drill the new side-track bottom hole location. The EH#1A is approximately 3,000' east and structurally high to the producing EH#3A well. The EH#1A targets an initial natural gas completion in the Miocene M3 Sand at approximately 6,500' and provides for future uphole behind pipe natural gas reserves from the M1 Sand, currently producing natural gas from the EH#3A well.

Petrogen's Chairman and CEO, Sacha H. Spindler stated, "Expanding operations at Emily Hawes Field at this key time in the energy sector is of great importance to the ongoing success of Petrogen's Gulf Coast initiatives. Emily Hawes Field has proven to be of substantial value to the shareholders of the Company as a significant natural gas discovery, particularly due to the extremely high prices we're receiving from our natural gas sales." Mr. Spindler went on to say, "Successfully completing the EH#1A can potentially prove up the entire 12.3 billion cubic feet of previously producing natural gas reserves on the Property, therein fully substantiating the Company's geologic model of Emily Hawes Field."

Over the course of the past six weeks, natural gas production from the Property has been sold at prices ranging from $10.00 per Mcfg up to as high as $15.05 per Mcfg. Petrogen recently announced that it was implementing a compression initiative on its EH#3A discovery well on the Property that could see potential doubling of production rates through the implementation of the first of two stages of compression. A successful completion of the EH#1A can potentially increase Petrogen's natural gas production from the Property significantly and can be readily tied in for sales to the Company's extensive throughput infrastructure and natural gas management systems already in place on Matagorda Island. Natural gas that may be produced from the EH#1A will be transported through the Company's 12.5 mile Matagorda Island Gas Gathering System pipeline, which ties directly in and delivers into Northern Natural Gas' 24" Matagorda Offshore Pipeline System on Matagorda Island.

Mr. Spindler further stated, "We're anticipating that our natural gas volumes could more than double after completion of the compression initiative on the EH#3A we recently reported. Those potential results, coupled with a successful completion of the EH#1A could potentially increase our revenue stream from the Property by as much as 400% or more, as we anticipate that the EH#1A could produce natural gas at volumes similar and potentially higher than the EH#3A."

On November 23, 2004, Petrogen announced that it successfully tested natural gas from the Property's discovery well, the EH#3A. On August 3rd, 2005 Petrogen announced that it had commenced natural gas sales from the EH#3A well, which has been producing natural gas consistently since that time.

The Emily Hawes Field property is located approximately 90 miles southwest of Houston, Texas within the prolific oil and gas producing Miocene-Frio trend of the onshore and offshore Texas Gulf Coast. Near term plans include the expansion of operations through the development of a number of infill and step-out drilling locations targeted at the Basal Miocene Sands within the Emily Hawes Field after the completion and hook-up of the EH#3A well.

About Matagorda Island

Matagorda Island is one of seven barrier islands located in the Gulf of Mexico, Texas Gulf Coast. Today, Texas and the Texas Gulf Coast represent one of the premier oil and gas exploration regions in the world, accounting for 32% of all natural gas production and 27% of proved natural gas reserves in the United States. Over the past few years, several large discoveries by Shell, BP and Chevron Texaco have contributed to the growing prominence of the Gulf Coast region as a hotbed for the expansion of domestic natural gas developments. Matagorda Island is approximately 34 miles long by 4 miles wide and is situated along the prolific, natural gas producing Miocene/Frio trend.
 

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