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RP is pleased to provide a regular monthly newsletter in conjunction with Sentinel Financial Group
Introduction to RP
After over a decade providing some of the world's biggest oil and gas companies with key expertise to develop their projects, RP has re-defined its operations to meet new business models and strategies emerging within the industry, along with its own international expansion plans.
In a skills shortage market, RP has restructured to better service a growing requirement among oil and gas companies large and small for a variety of project specific and cost effective subsurface study capabilities that can be seamlessly integrated into their existing operations -- in-house or off-site. This is RP's major differentiator.
The result is a niche oil and gas field development planning consultancy that provides fully integrated expertise and services spanning petrophysics, geophysics, geology, reservoir engineering, production technology, well design and construction.
RP can supply fully managed field development teams to individual specialists to meet defined project deliverables and time frames within 30 days. This capability is underpinned by an extensive international personnel and recruitment database, and the depth of experience of the company's directors and consultants, who have a minimum 20 years industry experience.
The RP portfolio of services, including specialised training and professional development programs, are mutually beneficial and add to the company's status as a quality niche provider to the oil and gas sector. Such internationally qualified expertise, linked with RP's alliances in surface facilities provision, further underpins the capability to deliver high quality field development solutions globally.
Crude Oil Prices
Crude oil prices surged to a 7 month high on 27th March reflecting concerns over heightened tensions between Britain and Iran after the seizure of 15 British sailors and marines in the Persian Gulf.
Source: US Energy Information Administration
Source:US Energy Information Administration
Broad Market Review
Australian stocks staged an impressive recovery from a sharp sell-off in early March and by late month the benchmark S&P/ASX 200 Index was once again within sight of 6000 points - a solid bounce from an intra-day low of 5641 points, recorded on the 6th of March.
One of the standout performers for the month was BHP Billiton, which bounced strongly on the back of reduced concerns about global economic growth and a resurgence in commodity prices. From a monthly low of $26.34, BHP stock rallied by as much as 14%, to briefly trade above $30 before consolidating around the $29 level at the end of the month.
The coming month may see an increase in share market volatility, with the benchmark index sitting close to record levels, and investors' attention being focused on a range of important issues including the stability of US lending and housing sector data, Asian economic data, Australian interest rates and worrying geopolitical developments in Iran.
Commodity prices have generally improved in recent weeks led by a surge in copper to near US$7,000/t nd a strong rally in oil to a three month high by late March.
|
Global Indices |
| |
Price |
Month Chg (%) |
| S&P ASX200 (Aust) |
5995 |
2.8 |
| Dow Jones (US) |
12354 |
0.7 |
| S&P 500 (US) |
1421 |
1.0 |
| FTSE 100 (UK) |
6308 |
2.2 | Source: IRESS. Data as of 31/03/07
| Commodities |
| |
Price |
Month Chg (%) |
| Gold |
$663 USD/oz |
-0.9 |
| Oil (West Texas) |
$65.90 USD/bbt |
6.7 |
| Copper |
$6,940 USD/t |
16.1 |
| Nickel |
$45,500 USD/t |
0.7 |
Source:
IRESS. Data as of 31/03/07
Daily Chart of the S&P/ASX200
Energy Focus
Movers and Shakers
S&P/ASX300 Energy Index - The Month's Best
|
Company |
ASX Code |
Gain |
Last Price |
Comment |
| Centennial Coal |
CEY |
+26.4% |
$3.30 |
Successful closing of $165m convertible note issue |
| Arrow Energy |
AOE |
+21.5% |
$1.58 |
Increases 2P gas reserves |
| Felix Resources |
FLX |
+13.5% |
$5.30 |
AMCI becomes a major shareholder | Source: Sentinel Financial Group & IRESS. Last price and returns as at 28 March 2007
S&P/ASX 300 Energy Index - The Month's Worst
| Company |
ASX Code |
Loss |
Last Price |
Comment |
| Petsec Energy |
PSA |
-9.5% |
$1.855 |
Continued pressure on share price |
| Roc Oil |
ROC |
-8.8% |
$2.92 |
North Sea Oil development cost blow-out |
| Tap Oil |
TAP |
-3.6% |
$1.485 |
Ongoing concerns over growth outlook | Source: Sentinel Financial Group & IRESS. Last price and returns as at 28 March 2007
Who's Making News
A Selection of significant recent oil and gas headlines
Source:Sentinel Financial Group & ASX
Tin Rattlers
Recent ASX Capital Raisings
|
Company |
ASX Code |
Details |
| Carnarvon Petroleum |
CVN |
$12.3m placement for Thailand oil dilling program |
| Metgasco |
MEL |
$12m placement for coal bed methane drilling program |
| Nexus Energy |
NXS |
$30m placement for completion of Crux-2 sidetrake well and working capital |
| Western Metals |
WMT |
$25m placement for uranium exploration and business development |
| Uranium Exploration |
UXA |
$3m placement for Gawler Craton Uranium exploration |
| Uranium King |
UKL |
$2.1m for US uranium exploration | Source: AXS
Float Hopefuls
Source: AXS
Sentinel Portfolio Services
Are you considering Investing in the Stock Market?
Do you currently own shares or feel your portfolio is not performing?
If so, you should consider speaking with Sentinel Portfolio Services.
We provide Portfolio Advice, Management and Reporting to enable you to professionally and successfully invest in the Stock Market.
"Building your wealth through personal share investment"
Contact Sentinel Portfolio Services today to:
. Obtain Further Information
. Discuss Establishing a new portfolio
. Speak to us regarding an existing portfolio
. Receive a free, no obligation consultation
Phone: (08) 9225 0010
Email: info@sentinelgroup.com.au
Web: www.sentinelgroup.com.au
Disclaimers
All information in this newsletter is provided courtesy of RP Integrated Pty Ltd, Resource Personnel Pty Ltd and Sentinel Financial Group for the sole use of clients and contacts of RP Integrated Pty Ltd and Resource Personnel Pty Ltd. To the extent permitted by law, Resource Personnel Pty Ltd, RP Integrated Pty Ltd and Sentinel Financial Group disclaims all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything in or omitted from this document.
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