Trisura Group Ltd V.TSU

Primary Symbol: T.TSU Alternate Symbol(s): TRRSF

Financial Services Insurance - Property & Casualty

Trisura Group Ltd. is a specialty insurance provider. The Company is engaged in operating in surety, risk solutions, corporate insurance, and fronting business lines of the market. It has investments in subsidiaries through which it conducts insurance and reinsurance operations. Those operations are primarily in Canada (Trisura Canada) and the United States (Trisura US). Its segments include the operations of Trisura Canada, comprising surety business underwritten in both Canada and the United States, and risk solutions, fronting and corporate insurance products primarily underwritten in Canada and Trisura US, which provides specialty fronting insurance solutions underwritten in the United States. The main products offered by its surety business line are contract surety bonds, commercial surety bonds, developer surety bonds, and new home warranty insurance. Its contract surety bonds, such as performance and labor and material payment bonds, are primarily for the construction industry.

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Trisura Group Ltd

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Post by makemerich78on May 28, 2011 4:14pm

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Post# 18639850

Beaver River.

Ok so you say TSU is doom and gloom?

The Chairman, Aage Thoen commented;  

  

"The acquisition furthers our strategy to pursue   

large assets and has the   potential to add short term 
  

production from the existing wells and infrastructure   

in place  . Canada represents a secure, low risk 
  

venture for Transeuro in a proven hydrocarbon basin.   

With the large discount between gas and oil pricing   

we believe gas assets are currently undervalued and   

that North American gas prices and asset valuations   

will recover over the next one to two years." Natural gas is currently at $4.51 and was   

at 4.10 less than a week ago. I think TSU turns a profit at $4.00.  

  

"Further through this transaction,   the removal of the 
  

operating debts of CDN$5.15 million eliminates 75% of   

the Companies current liabilities as of December 31st   

2010 and creates a strong, stable balance sheet to   

  support future activities and expansion." So now that they don't have
  

this 5.15 million dollar debt, do you not this may free up some $$ for   

Karl 101?  

  

The Beaver River field:  

  

· consists of 35 sections in the Liard Basin in   

North East British Columbia, adjacent to the Horn   

River Basin that has attracted considerably interest   

from major oil companies for the discovered shale gas   

assets. Interest in the Liard Basin has increased   

with recent land sales close to the Beaver River by   

some of the companies active in the Horn River area.   

  

·   has ongoing production of around 700 thousand 
  

cubic feet per day (mcf/d) from 2 shallow wells,   

flowing into the Spectra Energy's pipeline that   

transits through the field. I wonder if this cash could possibly   

help them get some financing for Karl 101? Again, NG is $4.51 right now.   

  

So in conclusion  

  

1- they now own 100% of BV which has 2 producing wells (this gives them cash and collateral)  

2- They have completed testing on Karl 101 (pls note that testing consists of more than just flow, pls read  

this article;  
    

https://www.pipelinenewsnorth.ca/article/20110429/PIPELINE0118/304299988/-1/pipeline/liard-basin  
  

3- They have eliminated 75% of their debt  

4- QEC own 40 million shares of TSU and has an additional $2 million option  

5- Good history with Ukraine Government.   

6- New ways of extracting gas/oil from reservoirs (fraccing)  

7- NG in the Ukraine is currently at $8.00 so well worth spending the $$ to get things into   

production.  

8- NG prices are on the rise here in North America  

  

Yes the way they issued their NR and burnt the short term investor sucks, but this is a long term play  

and imo things are just getting excited!!  

  

Just my 0.02  

  

GLTA