Alexander David Share Discussion Threads

[hashbrown] 29/9/2005 15:23

Great start in Canada.

[hashbrown] 29/9/2005 07:47

Nice chart.



Under the terms of the agreement which governs the Balu project, Solana will
spend up to US$750,000 to drill a well to test this structure. This well is
expected to take approximately two weeks to drill with an additional 10 days
required to conduct drill stem tests in the event that hydrocarbons are
encountered.

2 weeks appraoching fast, if we dont hear anything, were in the money.

[jumbo66] 29/9/2005 07:16

hi cam, cant see it myself can you post a link if it is there thanks [hd]

[camiladasi] 28/9/2005 23:10

did i see that Peel Hunt have issued a sell recommendation on ADS? I'm not sure but see jkx thread for link.

camlad

[tonester30ccfc] 28/9/2005 21:44

800k traded so far in Canada

[tonester30ccfc] 28/9/2005 21:35

Hash,

On the basis that this was spudded on 16th September, and drilling takes 2 weeks with a further 10 days for testing, we should know within a couple of days if this were a duster. The longer the company are silent, the greater the prospects of a positive find.

Interesting that this is happening alongside the Puma well. With any luck, there will be results from both within a month

Tone

[hashbrown] 28/9/2005 19:15

Balu Well

The Balu well, located in the Middle Magdalena basin, spudded on September 16,
2005. This block is operated by Petroleos Colombianos Ltd. and Solana will
receive a 42% working interest in any production derived from the Balu
structure. This would be reduced to 30% in the event Ecopetrol exercises its
contractual 30% back in right.

Under the terms of the agreement which governs the Balu project, Solana will
spend up to US$750,000 to drill a well to test this structure. This well is
expected to take approximately two weeks to drill with an additional 10 days
required to conduct drill stem tests in the event that hydrocarbons are
encountered.

The Balu prospect is based on a shallow (less than 3,000 ft.) structure of
considerable size. This prospect is supported by modern reprocessed seismic
data and the confirmation of thick and high quality reservoir facies as provided
by a nearby previously drilled well which was located outside the limits of the
Balu prospect. Risks in the Balu area derive primarily from the requirement for
a fault seal to trap hydrocarbons.


A strike here would lead to a quick drilling series IMO, maybe up to 10 wells.

[hashbrown] 28/9/2005 19:14

Now thats nice.


The silence over Balu speaks volumes mate.

[tonester30ccfc] 28/9/2005 18:51

Hash,

Canada ticking along nicely mate. At time of writing, share price equivalent to 117p

Tone

[een is taking off] 28/9/2005 14:48

oooh baby!!1

[een is taking off] 28/9/2005 14:42

WOW!!!!! could this now go blue?!?

[hashbrown] 28/9/2005 12:38

Assuming it is successful that is EEN.

[een is taking off] 28/9/2005 12:34

Puma to be announced in next two weeks - share price to double!!!!

[een is taking off] 28/9/2005 11:34

Am excited about 14:30!!!! go ADS

[hashbrown] 28/9/2005 08:25

We shall have to see what canada bring us today...

Looking forward to 14:30...

[hashbrown] 27/9/2005 19:17

Cheers mate,

Will get on the blower when I get to work mate,

Got some tesco finest bacon and a nice warburtons loaf in for bacon sarnies tommorow morning!!

Cu then mate

Fingers crossed.

[tonester30ccfc] 27/9/2005 18:02

Hash,

Trading in Canada would suggest that we might get a little price softening tomorrow morning. Buys are currently going through at an adjusted £1.13.

Assuming all goes well with EEN, I should have funds in the SB account and will be in for a bit of playtime!

I'll be online shortly after 7am incidentally. Feel free to give me a call to discuss results.

Apologies for O/T

Tone

[hashbrown] 27/9/2005 16:38

Yep,

System seem sok now, but the movements just look timy now!

[tonester30ccfc] 27/9/2005 16:20

System seems to have corrected itself now!

[orvis] 27/9/2005 15:42

Got some first thing. JS effect yesterday and looks like today too.

[jumbo66] 27/9/2005 14:27

i can buy and sell with mine :-))[hd] not to many share around

[een is taking off] 27/9/2005 14:23

I tink this is going into orbit!!!