Rancher Energy - Eine Spekulation wert?!
Der Kursverlauf zeigt jetzt schon deutliche parallelen
gestern in den USA fast 17 %
hoch auf 1,83 USD !!
Das sind 1,42 Euro!
Ist das jetzt der Short-Squeeze?!
und dann schaut ma, MF hin oder her ...
WKN A0JK03
DENVER, CO -- (MARKET WIRE) -- 02/06/08
http://media.marketwire.com/attachments/200708/...051205&sourceType=1
Rancher Energy Corp. (OTCBB: RNCH) today announced it has executed a letter of intent with an experienced industry operator under which up to $83.5 million in financing is expected to be provided to drive Rancher Energy's CO2 recovery program in Wyoming's Powder River Basin. Closing of the transaction, which is subject to regular corporate approvals, completion of due diligence and certain conditions, is scheduled to occur on or before April 30, 2008.
Under terms of the proposed financing agreement, in return for an $83.5 million investment, the industry partner will earn up to a 55% working interest in Rancher Energy's three fields in the Powder River Basin -- the Big Muddy, Cole Creek South, and South Glenrock B. The earn-in period is expected to be three years, or less depending on the requirements of the development plan. The majority of the proceeds will be used to fund CO2 operations while slightly more than $12.2 million will be used to retire Rancher Energy's note to GasRock Capital. In connection with that note, Rancher Energy granted GasRock a 2% overriding royalty interest in the three fields. Rancher Energy has the right to repurchase 50% of that override interest and will assign that right to the industry partner.
The letter of intent also provides that the two companies will agree to an area of mutual interest (AMI) of three miles surrounding each field. Accordingly, if either company acquires assets within the AMI, the other company will be entitled to the ownership interests in those assets as set forth in the letter of intent. Rancher Energy has agreed that it will cease all existing negotiations and will not share any data or begin any new negotiation with a third party during the next 60 days.
"We are pleased with this arrangement," said John Works, President & CEO. "We believe that our prospective partner is well financed with significant industry expertise, and we look forward to moving ahead with our ambitious EOR program at three promising, historically productive fields in the Powder River Basin."
About Rancher Energy Corp.
Rancher Energy is an innovative oil & gas exploration & development company with a targeted strategy to reinvigorate older, historically productive oil fields in the hydrocarbon-rich Rocky Mountain region of the United States. Using CO2 injection coupled with other leading edge hydrocarbon recovery techniques, including 3-D seismic data and directional drilling, Rancher Energy expects to extract proven in-place oil that remains behind in mature fields. Rising energy demand and strong oil & gas prices combined with advances in oil recovery have made this strategy profitable. Rancher Energy is taking advantage of this convergence by acquiring low risk, high quality, historically productive plays with under-exploited reserves and developing customized enhanced recovery strategies to maximize production.
Forward-Looking Statements
This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include the Company's ability to obtain financing to construct pipeline and other infrastructure and for other operational and working capital purposes, the uncertainty of recovery factors for the enhanced oil recovery projects, the volatility of oil prices, availability of CO2, general economic and business conditions, and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.
Contacts:
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303-393-7044
John Works
Chief Executive Officer
Rancher Energy Corp.
303-629-1125
Mit Fake Meldungen die sich dann nachher nicht realisiert haben ist schon so mancher auf die Schnauze gefallen ;-((((((((((
das ist der Hammer, keine Verwässerung - die haben das halbe "Feld" verkauft für die 83 1/2 Mio. wenn ich das richtig verstehe - und bleibt ja wohl noch genug übrig zum verdienen...
Die News hier kamen vorgestern:
Feb 11, 2008 19:29 ET
Rancher Energy Corp. Announces Fiscal 2008 Third Quarter Financial Results
DENVER, CO--(Marketwire - February 11, 2008) - Rancher Energy Corp. (OTCBB: RNCH) today announced financial results for its third quarter and nine-month period ended December 31, 2007.
Third Quarter Summary
The Company reported revenue of $1.7 million in the third quarter, up from $105,400 in the same quarter last year. Rancher Energy sold 22,020 barrels of oil -- its net interest -- at an average price of $77.40 per barrel in the third quarter.
Total operating expenses in the third quarter increased to $3.1 million from $1.5 million in the same quarter last year when operating expenses were relatively modest due to the late December 2006 and January 2007 acquisition of the Company's producing properties in the Powder River Basin. The year-over-year increase in total operating expenses was primarily attributable to a $734,400 increase in lease operating expenses and a $535,100 increase in general and administrative expense, which rose to $1.7 million, including $394,200 in non-cash stock-based and restricted stock compensation expense. Also contributing to higher G&A expense was increased personnel costs, Sarbanes-Oxley compliance, and audit, legal and reservoir engineering fees. Non-cash depreciation, depletion, amortization and accretion expense increased to $319,400 from $37,200. Production taxes increased to $207,600 from $11,200. The Company incurred $1.3 million in interest expense and financing costs during the third quarter versus no such expense in the same quarter last year. This expense was primarily related to the GasRock note payable that was originated in October 2007. Net loss for the third quarter was $3.3 million, or $0.03 per basic and diluted share, versus a net loss of $1.4 million, or $0.03 per basic and diluted share, in the same quarter last year.
Rancher Energy closed the third quarter with cash and cash equivalents of $10.3 million, up from $5.1 million at 2007 fiscal year end. The Company recently signed a letter of intent with an experienced industry operator under which up to $83.5 million in financing is expected to be provided to drive Rancher Energy's CO2 recovery program in Wyoming's Powder River Basin. Closing of the transaction, which is subject to regular corporate approvals, completion of due diligence and certain conditions, is scheduled to occur on or before April 30, 2008.
"We are excited about the proposed financing, which will allow us to move directly to the CO2 recovery phase of our enhanced oil recovery (EOR) program," said John Works, President & CEO of Rancher Energy. "Our prospective partner has an excellent operating track record and strong financial backing. This, combined with less than ideal conditions in the debt market and a relatively aggressive funding schedule, made this option an attractive alternative to our previous plans for debt financing. We look forward to moving ahead with the due diligence process and completing the funding on or before the April 30 target date."
Nine-Month Summary
Revenue through nine months increased to nearly $4.7 million from $105,400 in the same period last year. For the year-to-date period the Company has sold 68,076 barrels of oil at an average price of $68.83.
Total operating expenses in the nine-month period were $9.7 million versus $2.9 million in the same period last year when the Company had limited oil & gas operations. General and administrative expense increased to $5.8 million from $2.2 million in the same period last year. This increase is comprised primarily of costs associated with building the Company's oil & gas infrastructure, including higher personnel costs, professional fees and reservoir engineering. Nearly $1.4 million of the $5.8 million in general and administrative expense was non-cash expense related to stock-based and restricted stock compensation. Lease operating expenses, production taxes and depreciation, depletion, amortization and accretion all increased significantly as the Company had a full nine months of operating its producing properties versus less than one full month of operations in the prior year period.
Total other expense in the nine-month period was $4.0 million as compared with $61,700 in other income in the same period last year. The increase was attributable to $2.6 million in non-cash liquidated damages associated with a registration rights agreement and $1.6 million in interest expense and financing costs primarily related to the GasRock note payable. Net loss for the nine-month period was $9.7 million, or $0.09 per basic and diluted share, as compared with $2.7 million, or $0.07 per basic and diluted share, in the same period last year.
About Rancher Energy Corp.
Rancher Energy is an innovative oil & gas exploration & development company with a targeted strategy to reinvigorate older, historically productive oil fields in the hydrocarbon-rich Rocky Mountain region of the United States. Using waterflood injection and CO2 flooding, coupled with other leading edge hydrocarbon recovery techniques such as 3-D seismic data and directional drilling, Rancher Energy expects to extract proven in-place oil that remains behind in mature fields. Rising energy demand and strong oil & gas prices combined with advances in oil recovery have made this strategy profitable. Rancher Energy is taking advantage of this convergence by acquiring low risk, high quality, historically productive plays with under-exploited reserves and developing customized enhanced recovery strategies to maximize production.
Forward-Looking Statements
This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include the Company's ability to obtain financing to implement its waterflood plan, to construct pipeline and other infrastructure, and for other operational and working capital purposes, the uncertainty of recovery factors for the enhanced oil recovery projects, the volatility of oil prices, general economic and business conditions, and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.
Rancher Energy Corp.
Consolidated Statements of Operations
(unaudited)
Three months ended Nine months ended
December 31, December 31,
2007 2006 2007 2006
----------- ----------- ----------- -----------
Revenues:
Oil and gas sales $ 1,704,267 $ 105,416 $ 4,685,373 $ 105,416
Losses on derivative
activities (636,109) - (636,109) -
----------- ----------- ----------- -----------
Total revenues 1,068,158 105,416 4,049,264 105,416
Operating expenses:
Production taxes 207,588 11,192 570,239 11,192
Lease operating
expenses 808,091 73,725 2,087,753 73,725
Depreciation, depletion,
amortization and
accretion 319,391 37,155 1,097,255 37,155
Impairment - 4,681 - 385,526
Exploration expense 55,945 220,191 186,772 235,131
General and
administrative
expense 1,745,482 1,200,405 5,788,574 2,166,687
----------- ----------- ----------- -----------
Total operating
expenses 3,126,497 1,547,349 9,730,593 2,909,416
----------- ----------- ----------- -----------
Loss from operations (2,058,339) (1,441,933) (5,681,329) (2,804,000)
----------- ----------- ----------- -----------
Other income (expense):
Liquidated damages
pursuant to
registration rights
arrangement - - (2,645,393) -
Interest and other
income 95,982 71,262 169,846 94,747
Interest expense and
financing costs (1,342,984) - (1,555,417) (33,000)
----------- ----------- ----------- -----------
Total other income
(expense) (1,247,002) 71,262 (4,030,964) 61,747
----------- ----------- ----------- -----------
Net loss $(3,305,341) $(1,370,671) $(9,712,293) $(2,742,253)
=========== =========== =========== ===========
Basic and diluted net
loss per share $ (0.03) $ (0.03) $ (0.09) $ (0.07)
=========== =========== =========== ===========
Basic and diluted
weighted average
shares outstanding 113,471,032 53,933,905 108,425,299 40,227,219
Rancher Energy Corp.
Consolidated Balance Sheets
(Unaudited)
December 31, March 31,
ASSETS 2007 2007
------------ ------------
Current Assets:
Cash and cash equivalents $ 10,253,091 $ 5,129,883
Accounts receivable 780,079 453,709
Prepaid expenses 690,317 -
------------ ------------
Total current assets 11,723,487 5,583,592
------------ ------------
Oil & gas properties, at cost (successful
efforts method):
Unproved 53,870,386 56,079,133
Proved 18,081,265 18,552,188
Less: Accumulated depletion, depreciation
and amortization (1,249,879) (347,821)
------------ ------------
Net oil & gas properties 70,701,772 74,283,500
------------ ------------
Other assets, net of accumulated depreciation of
$156,290 and 27,880, respectively 2,655,494 1,610,939
------------ ------------
Total assets $ 85,080,753 $ 81,478,031
============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities $ 1,977,037 $ 1,542,840
Accrued oil & gas property costs - 250,000
Asset retirement obligation 564,308 196,000
Note payable, net of unamortized discount of
$3,598,545 8,641,455 -
Liquidated damages pursuant to registration
rights arrangement - 2,705,531
Derivative liability 394,286 -
------------ ------------
Total current liabilities 11,577,086 4,694,371
------------ ------------
Long-term liabilities:
Derivative liability 209,134 -
Asset retirement obligation 705,328 1,025,567
------------ ------------
Total long-term liabilities 914,462 1,025,567
------------ ------------
Commitments and contingencies: - -
Stockholders' equity:
Common stock 1,145 1,021
Additional paid-in capital 91,529,215 84,985,934
Accumulated deficit (18,941,155) (9,228,862)
------------ ------------
Total stockholders' equity 72,589,205 75,758,093
------------ ------------
Total liabilities and stockholders' equity $ 85,080,753 $ 81,478,031
============ ============
Rancher Energy Corp.
Consolidated Statements of Cash Flows
(Unaudited)
Nine Months Ended
December 31,
2007 2006
------------ ------------
Cash flows from operating activities:
Net loss $ (9,712,293) $ (2,742,253)
Adjustments to reconcile net loss to cash used
for operating activities:
Depreciation, depletion, amortization and
accretion 1,097,255 37,155
Impairment of unproved properties - 385,526
Liquidated damages pursuant to registration
rights arrangement 2,645,393 -
Imputed interest expense 112,489 33,453
Amortization of deferred financing costs and
discount on note payable 1,132,050 -
Unrealized losses on derivative activities 578,435 -
Stock-based compensation expense 864,143 1,020,739
Restricted stock compensation expense 180,950 -
Services exchanged for common stock-non-
employee directors 222,750 -
Services exchanged for common stock-non-
employee 112,500 -
Changes in operating assets and liabilities:
Settlement of asset retirement obligation (18,318) -
Accounts receivable (260,853) (94,727)
Prepaid expenses (560,321) -
Other assets - (42,352)
Accounts payable and accrued liabilities 45,758 382,260
------------ ------------
Net cash used for operating activities (3,560,062) (1,020,199)
------------ ------------
Cash flows from investing activities:
Capital expenditures for oil & gas
properties (2,087,871) (50,524,058)
Proceeds from conveyance of unproved oil &
gas properties 491,500 -
Increase in other assets (797,432) (124,843)
------------ ------------
Net cash used for investing activities (2,393,803) (50,648,901)
------------ ------------
Cash flows from financing activities:
Payment of deferred financing costs (862,577) -
Proceeds from issuance of convertible notes
payable - 8,112,862
Proceeds from borrowings 12,240,000 -
Payments of convertible notes payable - -
Proceeds from notes payable converted to
common stock - 500,000
Proceeds from sale of common stock and
warrants - 74,937,508
Proceeds from issuance of common stock upon
exercise of stock options 15 -
Payment of offering costs (300,365) -
------------ ------------
Net cash provided by financing
activities 11,077,073 83,550,370
------------ ------------
Increase in cash and cash equivalents 5,123,208 31,881,270
Cash and cash equivalents, beginning of period 5,129,883 46,081
------------ ------------
Cash and cash equivalents, end of period $ 10,253,091 $ 31,927,351
============ ============
Contacts:
John Works
Chief Executive Officer
Rancher Energy Corp.
303-928-7754
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303-393-7044
Avatar #2734 von hiasi Benutzerinfo Nachricht an Benutzer Beiträge des Benutzers ausblenden 13.02.08 00:02:42 Beitrag Nr.: 33.349.121
Dieses Posting: versenden | melden | drucken | Antwort schreiben | einen Beitrag nach oben
einen Beitrag nach unten
Folgende Antwort bezieht sich auf Beitrag Nr.: 33.325.821 im neuen Fenster öffnen von hiasi am 10.02.08 23:10:39
SK USD 0,60. Na wer sagt s denn...
s.o.
Sag mal,stimmt eigentlich diese von "Performaxx" aufgestellte Behauptung:"Allein die drei größten übernommenen Ölfelder könnten nach Unternehmensangaben ein förderbares Volumen von über 100 Mio. Barrel aufweisen."
Auch im Yahoo board hat gestern einer behauptet,Rancher hätte 115 Mio.Barrel Reserven!
Wenn das stimmt,könnte das ATH dieser aktie in zukunft noch geknackt werden!
Ich wundere mich nur,das Rancher nur 22.000 Barrel/Quartal schafft,das müsste,bei den Reserven,eigentlich die TAGESPRODUKTION sein bzw. werden .... !! Oder liegt die momentan geringe ausbeute an diesem -mir unbekannten- CO2 Verfahren?
MFg
Chalifmann
Die bauen erst noch die CO2-Pipeline, dann schickt man das auf der einen Seite runter - und enen paar Monate später kommts auf der anderen Seite raus. Ist wohl ne ziemlich erprobte Methode, nur braucht man halt das CO2 in der Nähe - aber das haben Sie ja schon.
Deshalb also die niedrige Produktion bisher. Das ist nur die "Restproduktion" mit konventionellen Methoden und "Kleckerkram" was mit CO2 rausgeholt werden soll.
Mal schaun was draus wird, aber m.E. sind die Chancen nicht schlecht. Vor allem, wenn Sie die 85 Mio. kriegen, die in der vorletzten Pressemitteilung erwähnt wurden - dat sollte wohl für den anfang lagen :)
MFG
Chalifmann
Hier News!
Rancher Energy Corp. Signs CO2 Agreement With ExxonMobilTicker Symbol: U:RNCH U:XOM
DENVER, CO -- (MARKET WIRE) -- 02/14/08
http://media.marketwire.com/attachments/200708/...051205&sourceType=1
Rancher Energy Corp. (OTCBB: RNCH) today announced it has signed a CO2 (carbon dioxide) sale and purchase agreement with ExxonMobil Gas & Power Marketing Company, a division of Exxon Mobil Corporation (NYSE: XOM). Under terms of the agreement, ExxonMobil will provide Rancher Energy with 70 MMSCFD (million standard cubic per day) of CO2 for an initial 10-year period, with an option for a second 10 years.
Under terms of the agreement, ExxonMobil will supply Rancher Energy with CO2 for use in Rancher Energy's enhanced oil recovery (EOR) program in Wyoming's Powder River Basin. Rancher Energy intends to enhance production at three historically productive oil fields, including the Big Muddy, Cole Creek South and South Glenrock B fields. The CO2 will be supplied from ExxonMobil's LaBarge gas field in Wyoming. Rancher Energy intends to build a pipeline connecting its properties to the CO2 source.
"This agreement with ExxonMobil is a major milestone in Rancher Energy's EOR program, giving us a reliable, cost-effective source of CO2 with which to sustain long-term CO2 injection operations at our three promising fields in the Powder River Basin," said John Works, Rancher Energy President & CEO.
About Rancher Energy Corp.
Rancher Energy is an innovative oil & gas exploration & development company with a targeted strategy to reinvigorate older, historically productive oil fields in the hydrocarbon-rich Rocky Mountain region of the United States. Using CO2 injection coupled with other leading edge hydrocarbon recovery techniques, including 3-D seismic data and directional drilling, Rancher Energy expects to extract proven in-place oil that remains behind in mature fields. Rising energy demand and strong oil & gas prices combined with advances in oil recovery have made this strategy profitable. Rancher Energy is taking advantage of this convergence by acquiring low risk, high quality, historically productive plays with under-exploited reserves and developing customized enhanced recovery strategies to maximize production.
Forward-Looking Statements
This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include the Company's ability to obtain financing to construct pipeline and other infrastructure and for other operational and working capital purposes, the uncertainty of recovery factors for the enhanced oil recovery projects, the volatility of oil prices, availability of CO2, the Company's ability to obtain a surety bond, general economic and business conditions, and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.
Contacts:
John Works
Chief Executive Officer
Rancher Energy Corp.
303-629-1125
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303-393-7044
Wenn die Tagesproduktion von Rancher irgendwann mal bei 50.000 Barrel liegen sollte,kannst du ein Fass aufmachen ...
Viel Glück!
MFG
Chali