posted
People...we are highly anticipating very good news for tomorrow, per STRONG indications. We will likely see a nice run as a result. Anywhere around .09 is a great entry, imho. Good luck!
Posts: 489 | From: Florida | Registered: Aug 2004
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posted
Guys and Gals....take a look and see NITE on .15 of ask on APXR and figure in news tomorrow??? HMMM should be a runner... i like it here and think we have a solid end of day and early morning play!
Posts: 171 | Registered: Oct 2004
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posted
I think the company works with pipelines, but trying to find out more details. Should be a nice run.... ps NITE is the Market Maker who allows many stocks to run or not. When NITE is on the BID buying up shares that means it may run and when he is on Top of the BID and down on a higher price for the ASK then we have a runner possibly...thats what set up now!
Posts: 171 | Registered: Oct 2004
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posted
well folks NITE moved his ask up....and his bid down....so tommorrow should be interestin'.....whatcha think??
Posts: 5641 | From: Florida | Registered: Sep 2004
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posted
Are they expecting any drill/well results in the near future. What do you expect in the way of news if any.
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quote:Originally posted by BullzeBob:
People...we are highly anticipating very good news for tomorrow, per [b]STRONG indications. We will likely see a nice run as a result. Anywhere around .09 is a great entry, imho. Good luck![/B]
Apex Resources Group Inc. Announces Further Development of a $20 Billion Natural Gas Pipeline From Alaska Through Canada SALT LAKE CITY, Oct 26, 2004 (BUSINESS WIRE) -- Publicly traded Apex Resources Group Inc. (OTCBB:APXR) announces further development of a $20 Billion natural gas pipeline from Alaska through Canada.
On October 11, 2004 the U.S Congress approved $18 Billion of loan guarantees to construct a $20 Billion natural gas pipeline to transport gas from Alaska through Canada to the lower 48 States.
The major owners of Alaska gas reserves, Conoco Phillips (NYSE: COP), ExxonMobil Corp. (NYSE: XOM) and BP Plc (NYSE: BP) have stated previously that the pipeline cannot be built without government incentives.
President George W. Bush and his opponent in the November 2nd presidential election, Senator John Kerry, both are in support of loan guarantees for the pipeline construction.
This announcement follows the previously announced $7 Billion natural gas pipeline to be built through the Mackenzie Valley in Canada. The 8000 page application for construction of this pipeline has been filed with regulators.
Apex Resources Group Inc. interest in the Itiyok 1-27 well in the Beaufort Sea, which was drilled in 1983 is a 3.745% working interest. A review of the well data and geological prognosis indicates that a 640 acre area would contain proven recoverable gas reserves of 108 Bscf and proven recoverable oil reserves of 8,976 MSTB. Apex's working interest net reserves are 4.04 Bscf and 336 MSTB. Seismic data indicates a structure closure of approximately 40 square KM with a gross potential reserve of 1.16 TCF and 160 MMSTB (Apex's working interest net -- 34 Bscf and 4.7 MMSTB). The lands in which the Apex Resources Group Inc. owns an interest comprise of 21.54 square KM containing gross potential reserves of 625 Bscf of gas and 86 MMSTB of oil (Apex's working interest 23.4 Bscf of gas and 3.2 MMSTB of oil.) Apex Resources Group Inc. acquired this interest in 1997.
With oil at over $50.00 per barrel and gas over $6.00 per 1000 cubic feet, Apex interest in proven reserves would be 45 Million Dollars and with an additional potential to be drilled out would represent 323 Million Dollars.
Once the pipeline is completed and on-line it will be a tremendous cash flow to Apex Resources Group Inc.
By the Board of Director Apex Resources Group Inc. Investor Relations- Roger Reynolds 136 East South Temple, Suite 1600 Salt Lake City, UT, 84111 Tel: 801-363-2599 Email: ContactUs@ApexResourcesGroup.com
The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words as "may", "will", "believes", "anticipates", "estimates", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Apex Resources Group Inc.
SOURCE: Apex Resources Group Inc.
Apex Resources Group Inc. John Hickey, 801-363-2599 or
posted
L2 looks good if we could just pick up a little more volume ...........whatcha think
Posts: 5641 | From: Florida | Registered: Sep 2004
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posted
Love the news! Looks like the Pipeline is a definite 'Go'! APXR stake is at MINIMUM $45Million, with possible $323Million in revenues! Definite hold!Posts: 489 | From: Florida | Registered: Aug 2004
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BP hopeful Alaska gas pipeline to be built by 2013 Tue Oct 26, 2004 02:32 PM ET AUSTIN, Texas, Oct 26 (Reuters) - The head of BP's (BP.L: Quote, Profile, Research) operations in Canada on Tuesday said he was optimistic that a greatly anticipated natural gas pipeline from Alaska to the continental United States could be operating by 2013. Brian Frank, chief executive of BP Canada Energy Co., said 2013 also is the earliest possible date such a line could begin transporting at least 4 billion cubic feet of gas per day, but the U.S. Congress moved along the process earlier this month with $18 billion in loan guarantees.
"The sooner we start, the sooner we can help bring indigenous North American supplies to a market where supply is required," Frank told the annual conference of the Independent Petroleum Association of America.
Major hurdles remain, he cautioned, before BP, along with partners ConocoPhillips (COP.N: Quote, Profile, Research) and Exxon Mobil (XOM.N: Quote, Profile, Research) , can move forward. The companies must still negotiate fiscal details with the state of Alaska, come to regulatory terms with Canada and employ technology to reduce the $20 billion price tag before the line can be built, he said.
Ultimately, Frank said he believes the need for Alaskan gas will drive the process.
"Our view is there's a growing recognition that, in the longer term, we need to bring additional gas to the market," he said
Posts: 196 | From: Moncton, NB Canada | Registered: Nov 2003
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Alaska Gas Pipeline Gaining Momentum Wednesday October 27, 5:04 pm ET By H. Josef Hebert, Associated Press Writer Alaska Gas Pipeline Gaining Momentum, but Investors Still Worry About Risks
WASHINGTON (AP) -- A 3,500-mile pipeline to deliver natural gas from Alaska's North Slope to the fuel-hungry Midwest is suddenly more than a pipe dream. Congress has promised to cover 80 percent of the cost if the project goes bust -- and Alaska is thinking about owning part of it.
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But despite a tripling in natural gas prices in the last few years, the companies that own the gas remain skittish about rushing into a $20 billion investment. And how much government help should be given has become an issue in a highly contested Senate campaign in Alaska.
To ease investors' concerns, Alaska Gov. Frank Murkowski is proposing to make the state part owner of the pipeline. His administration is expected to announce a state proposal this week, prompting charges by Democrats that Murkowski was rushing the issue to help his daughter's Senate campaign.
Murkowski denied politics was involved in the planned announcement.
"I didn't create the timing," he told reporters. The state's chief negotiator said he wanted a state proposal completed by the end of October so a final agreement with the private companies could be completed for legislative action in January.
In a rush of pre-election business, Congress gave the Alaska pipeline fresh momentum by promising loan guarantees for 80 percent of the pipeline's cost, and gave developers other tax breaks as well as promises of less burdensome permitting requirements.
"After working for more than 20 years ... we have finally taken steps to make the Alaska natural gas pipeline happen," Sen. Ted Stevens, R-Alaska, said after Congress agreed to the incentive package.
The incentives were touted as a major breakthrough by Alaska's other senator, Lisa Murkowski, but quickly became fodder in her closely contested election race. Her opponent, Democratic former Gov. Tony Knowles, criticized her for failing to get a better incentive package, including gas price supports, to further ease pipeline developers' concerns.
Tax credits if Alaska gas fell below a certain price had been sought by the Alaska senators and some of the potential pipeline investors, but were strongly opposed by the Bush administration as being unfair to gas producers in the lower 48 states.
The companies that own the Alaska gas -- ExxonMobil Corp., ConocoPhillips and BP PLC -- have praised Congress' action, but remain reluctant to push headlong into a $20 billion investment. They are seeking more advantages and security from the state to mitigate their risk in what has been described as the largest private construction project ever in North America. If given the go-ahead the pipeline would take 10 years to plan and construct.
"This is a very big, very risky project," said David MacDowell, BP Alaska's spokesman. He said Congress' action "brings us one important step closer" but an agreement on state royalty and tax issues -- as well as state equity ownership -- still needs to be resolved.
Some equity ownership by the state would make agreement on other issues easier, the oil companies believe. "When people are in similar positions decisions become easier," said MacDowell.
ExxonMobil spokesman Bob Davis in Houston said that while costs must be reduced and financial issues worked out with the state, "certainly the project seems to be gaining momentum."
"It's been our view the project should be able to stand on its own economically," said Davis, playing down the significance of government subsidies.
Alaska's North Slope is believed to hold as much as 100 trillion cubic feet of natural gas, the largest reserves in North America. That includes more than 30 trillion cubic feet easily accessible in the Prudhoe Bay area, where for years gas has been pumped along with oil and then injected back into the ground to help force up more oil.
Rising demand for the fuel has brought renewed focus on trying to get some of that gas to U.S. markets. A pipeline would provide 4.5 billion cubic feet of gas a day by 2014 at the earliest, or about 7 percent of current consumption.
The pipeline would run from Prudhoe Bay along the route of the trans-Alaska oil pipeline to Fairbanks, then follow the Alaska Highway into Canada, where it eventually would connect with pipelines in Alberta and a system of lines into the Midwest, as far as Chicago, and into the Pacific Northwest.
It has been a dream of Alaskans for decades.
Natural gas-related revenues could be as much as $1 billion a year, according to the state department of revenue, and could reverse a slide in revenue because of the decline of North Slope oil production. The project also would produce tens of thousands of Alaska jobs and dramatically boost U.S. steel production.
"It is the enormous scale of the project that magnifies the risks and inhibits the attraction of investment capital," Ken Konrad, a senior vice president of BP Alaska, told a congressional hearing earlier this year. He cited the potential for cost overruns, regulatory uncertainty and market uncertainties. "Any one of these alone could severely damage an Alaska gas project."
Posts: 196 | From: Moncton, NB Canada | Registered: Nov 2003
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Apex Resources Group Inc. Announces Update Of Beaufort Sea Gas and Oil Discoveries SALT LAKE CITY, Oct 28, 2004 (BUSINESS WIRE) -- Publicly traded Apex Resources Group Inc. (OTCBB:APXR) announces update of Beaufort Sea Gas and Oil Discoveries.
In June 1997, Apex Resources Group Inc. purchased a 3.745% working interest in the Beaufort Sea Area Well known as Itiyok 1-27 consisting of 640 acres containing reserves of 108 billion cubic feet of gas and recoverable oil reserves of 8,976 M barrels.
This well is located in the centre of the largest offshore field of Amauligak which was discovered in 1984. The best current estimate of the total discovered resource in the basin is 1.01 billion barrels of oil and 9.00 trillion cubic feet of gas according to the National Energy Board.
Earlier this year Apex Resources received correspondence from Imperial Oil Resources outlining proposed revisions to the Beaufort Area Operating Agreement intended to simplify and clarify the agreement for future operations. Management reviewed the proposed revisions and agreed with the general principles.
The operating partners are as follows:
Apex Resources Group Inc. OTC BB-APXR Chevron Canada Resources (NYSE: CVX) CanNat Resources Inc. (TSE:CNQ) ConocoPhillips Canada Resources Corp. (NYSE:COP) Talisman Energy Inc. (TSE: TSX) EnCana Oil & Gas Partnership (TSE: ECA) Trans Dominion Energy Corp. (NAS DAQ: TRGL) ExxonMobil Canada Properties (NYSE: XOM) Anadarko Canada Corporation (NYSE APC) BP Canada Energy Resources Company BP PIC (NYSE:BP) Canalands Resources Corporation Devon ARL Corporation (NYSE: DVN) Canadian Forest Oil Ltd. (NYSE: FST) Mosbacher Operating Ltd. Imperial Oil Resources (TSE: IMO) Shell Canada Limited (TSE: SHC) BRL Enterprises Inc. 677862 Alberta Ltd. (TSE: ACOX) Petro-Canada (TSE: PCA) These are significant discoveries and the need to transport these reserves via a pipeline through Canada to the Southern States is paramount.
An 8,000 page application has been filed with regulators by a consortium to build a $7 Billion Pipeline down the Mackenzie Valley. The consortium consists of Imperial Oil Resources (TSE: IMO), ConocoPhillips (NYSE: COP), Shell Canada Limited (TSE: SHC) and the Aboriginal Pipeline Group.
Within days of this application being filed, the US Congress approved $18 Billion of loan guarantees to construct a $20 Billion pipeline to transport gas from Alaska through Canada to the lower 48 States.
The major owners of Alaska gas reserves are ConocoPhillips (NYSE: COP), ExxonMobil Corp. (NYSE: XOM) and BP Plc (NYSE: BP).
With the price of oil over $50.00 a barrel and the price of gas pushing $8.00 per 1000 cubic feet this becomes a tremendous asset to Apex Resources Group Inc.
Texas Update
The operator, Northstar energy has updated the Joint Venture Partners on the Haines Prospect gas well in Victoria County, Texas. During September and October all site preparation was completed.
They are now waiting for the drill rig and should secure it within five days.
Further updates will be released as work progresses.
The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words as "may", "will", "believes", "anticipates", "estimates", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Apex Resources Group Inc.
SOURCE: Apex Resources Group Inc.
Apex Resources Group Inc. Investor Relations: Roger Reynolds, 801-363-2599
posted
It's impressive...the companies that are invested in this huge offshore field - and now the [u]Federal Govt. has GUARANTEED the loans for the pipeline![/u] A lotta co.s will make a lotta $$$ from this, no doubt! Posts: 489 | From: Florida | Registered: Aug 2004
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posted
Yet MORE APXR news! Texas operation soon to be up and running! Look at the companies that APXR is aligned with!
THE NEWS....
Apex Resources Group Inc. Announces Update Of Beaufort Sea Gas and Oil Discoveries
SALT LAKE CITY, Nov. 1 /PRNewswire-FirstCall/ -- Publicly traded Apex Resources Group Inc. (OTC Bulletin Board: APXR) announces update of Beaufort Sea Gas and Oil Discoveries. In June 1997, Apex Resources Group Inc. purchased a 3.745% working interest in the Beaufort Sea Area Well known as Itiyok 1-27 consisting of 640 acres containing reserves of 108 billion cubic feet of gas and recoverable oil reserves of 8,976 M barrels. This well is located in the centre of the largest offshore field of Amauligak which was discovered in 1984. The best current estimate of the total discovered resource in the basin is 1.01 billion barrels of oil and 9.00 trillion cubic feet of gas according to the National Energy Board. Earlier this year Apex Resources received correspondence from Imperial Oil Resources outlining proposed revisions to the Beaufort Area Operating Agreement intended to simplify and clarify the agreement for future operations. Management reviewed the proposed revisions and agreed with the general principles. Apex's operating partners are as follows:
Apex Resources Group Inc. Canalands Resources Corporation Chevron Canada Resources Devon ARL Corporation CanNat Resources Inc. Canadian Forest Oil Ltd. ConocoPhillips Canada Resources Corp. Mosbacher Operating Ltd. Talisman Energy Inc. Imperial Oil Resources EnCana Oil & Gas Partnership Shell Canada Limited Trans Dominion Energy Corp. BRL Enterprises Inc. ExxonMobil Canada Properties 677862 Alberta Ltd. Anadarko Canada Corporation Petro-Canada BP Canada Energy Resources Company BP PIC
These are significant discoveries and the need to transport these reserves via a pipeline through Canada to the Southern States is paramount. An 8,000 page application has been filed with regulators by a consortium to build a $7 Billion Pipeline down the Mackenzie Valley. The consortium consists of Imperial Oil Resources, ConocoPhillips, Shell Canada Limited and the Aboriginal Pipeline Group. Within days of this application being filed, the US Congress approved $18 Billion of loan guarantees to construct a $20 Billion pipeline to transport gas from Alaska through Canada to the lower 48 States. The major owners of Alaska gas reserves are ConocoPhillips, ExxonMobil Corp. and BP Plc. With the price of oil over $50.00 a barrel and the price of gas pushing $8.00 per 1000 cubic feet this becomes a tremendous asset to Apex Resources Group Inc.
Texas Update
The operator, Northstar energy has updated the Joint Venture Partners on the Haines Prospect gas well in Victoria County, Texas. During September and October all site preparation was completed. They are now waiting for the drill rig and should secure it within five days. Further updates will be released as work progresses.
By the Board of Director Apex Resources Group Inc. Investor Relations- Roger Reynolds 136 East South Temple, Suite 1600 Salt Lake City, UT, 84111 Tel: 801-363-2599 Email: ContactUs@ApexResourcesGroup.com www.ApexResourcesGroup.com
posted
yep the pipeline is the key, but i read it won't be done until 2010...ouch.
Posts: 829 | From: people's republic of cambridge | Registered: Jun 2004
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