Monday, 12 August 2013

Proactive hydrocarbon event will showcase Petroceltic, WesternZagros, Caza Oil & Gas and Argos Resources

The line-up is booked and the waiting is almost over. 
The investor highlight of the summer takes place at May Fair Hotel on August 22 as Proactive hosts its Annual Hydrocarbons Event.
We've been staging this meet-the-management set-piece since summer 2007 and they have proved popular with both the companies and investors alike.
This year we have a four very exciting companies with fantastic prospects. They are Petroceltic (LON:PCI), WesternZagros (CVE:WZR), Caza Oil & Gas (LON:CAZA) and Argos Resources (LON:ARG).
Seats are sure to go fast so ensure you don't miss out by securing your place here.
Petroceltic International is entering a busy and significant period in its history with a world class gas project moving towards development in Algeria and a highly anticipated exploration programme in Kurdistan starting in the coming months.
The merger with Melrose earlier this year added valuable production which provides a cash generating engine for the firm’s growth projects.
Analysts reckon the stock is massively undervalued - at a discount of around 75% - but that could start to change soon, as a farm-out deal is arranged for the Ain Tsila gas project and as drilling gets underway on the Shakrok exploration well in Kurdistan.
Tom Hickey, chief financial officer, will be updating us on the firm's progress.
Meanwhile, WesternZagros, has already hit pay dirt in Kurdistan with the Kurdamir light oil discovery.
The Toronto-listed oil firm has nearly one billion barrels of discovered contingent oil resources and it reckons a further 4.7bn could still be unearthed. 
It is targeting year end production of 20,000 barrels a day. In the meantime, an exploration and appraisal drilling programme promises to deliver catalysts for investors.
Greg Stevenson, chief financial officer, will be here to discuss his assets in Kurdistan.
Argos Resources promises to re-ignite the excitement of exploration in the Falklands, with a burgeoning pipeline of prospects.
While on the face of it all has been quiet, Argos has been busily working behind the scenes.
In recent months, as Premier Oil and Rockhopper have laboured over the drawing board, putting together their plans to deliver the Falklands first oil, from the Sea Lion field, Argos has outlined new exploration prospects containing an estimated 3bn barrels of recoverable prospective resources.
The coming months are likely to see the newsflow move-up a gear as before the firm’s maiden exploration campaign can get underway solutions must be found to the not-so-insignificant issues of rig contracting, funding and a possible farm-out.
John Hogan, managing director will be presenting investors with insight on how this up and coming explorer is progressing.
Having delivered on its plans to target the Bone Spring play in New Mexico, Caza Oil & Gas is now entering a value-adding execution phase.
Over the past eighteen months Caza has positioned itself well in the Bone Spring, taking on new prospects as operator, as well as taking material stakes in the operations of others. During this time a number of wells have been successfully drilled, tested and proven commercial.
In the coming months these initial successes will be followed up as Caza builds a portfolio of producing operations. Crucially, a recent US$50mln funding deal with Apollo investment Management will allow as many as 24 wells to be drilled by 2015.
Please join us at 5:45pm to allow for a prompt 6pm start. Each company has around 30 minutes to give a short presentation and for Q&A. 
The evening will end with a complimentary bar and an assortment of hot & cold canapés, giving you the opportunity to speak with the directors and other investors.

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