Big news for the company will be when they announce plan to develop their cbm assets which is not too far in the distance... stay tune

Guys, the fun has just got started for Glotec in the CBM business. Mark my word, there will be more good news to come when they have completed the pilot testing and do more work on the ground in 3-6 months' period. The really big thing for Glotec is when they announce the plan of development IF they successfully testing the pilot wells. Stay tuned....

Let me speculate the movement of Glotec next week just for fund. This is only speculation base on my gut feeling and instinct...

The share price may go up to about 7.5-8.0 sen on Monday, and then consolidate for a few days at this level before moving up to 95 -10 sen into the rest of the week. The share price will consolidate at this level and may come down from here or make a final surge to 12-13 sen.

Anybody want to make a speculation?

To answer a question posted earlier about why the NGY share price still down since Jul 2015 despites of all the good news. The OZ players/speculator/investors react quite differently when it comes to cbm project announcement. CBM is a mature industry in OZ. An announcement like this would not do much excitement on them especially from NGY due to its previous poor management team. The current management is much more capability and experience to manage the project. It's would be interesting to watch the share price on Monday as the announcement was released after trading hours in Sydney.

The second question is about the gas price. As I said before Indo has one of the best gas pricing in the region, $7-$10/mcf, and is projected to increase with the economic growth of the Indo. The good news for NGY is that the current changes of cbm regulations allow a PSC holder to sell their gas produced from pilot wells. So, this will potentially generate some early cashflow for the company in the near-mid term. The TNB equivalent in Indo is always ready to buy gas/electricity from these companies.

Once NGY has gathered enough data from their pilot testing and announces the plan of development on their assets, I believe Glotec share price will way higher from the current level. SO, stay tuned.....

NuEnergy has a very capable and experienced team stationed in JKT to work on the project. They have proven track record in CBM industry in China. As I said in my previous comment, Indonesian govt has put in place recently regulations in favour of the CBM industry. The current depressed oil price has minimal effect on the CBM gas price in Indo. NuEnergy assets are located in the strategic locations in term of market and existing oil & gas infrastructure. So, all factors are in favour of the company long term....

I am newcomer here in this blog. This is my professional view who has been in the CBM industry for quite a while.

Though the company did not provide details of the gas flow, which is critical in project economic sense, the flares look really impressive! From the size of the flare, though still early days, I'd say NuEnergy has probably found the key to unlock the CBM potential in Indonesia. This would certainly augur well for Glotec as the majority shareholder of NuEnergy. The new regulation has allowed the PSC holder the sell the gas even at the pilot stage. Indonesia has one of the best gas price in the region and NuEnergy assets are smacked right in the middle of the gas infrastructure and domestic market.

So, Glotec is a long-term buy for me...