Forum Energy Share Discussion Threads

[fromthesidelines] 05/9/2013 08:09

This will tick up on every buy

[bongo bwana] 05/9/2013 08:06

What is the big news?

[earnestwipplethwaiteiii] 04/9/2013 22:30

Looks like the Galoc news caused this spike. Perhaps it will continue but Galoc is not the big news...

[spaceparallax] 04/9/2013 22:14

Hmmm, out most of today and so missed this big bounce.

[mcmather] 04/9/2013 20:41

Tomorrow might be interesting.

[fromthesidelines] 04/9/2013 20:08

This was taken from the iii board, extract of an article published 26 August 2013,

The on-going drilling at the Galoc Phase 2 oil exploration and development project has hit a section of "very high-quality reservoir," field operator Otto Energy has emphasized in its update report.

As of last week, the company noted that it drilled a section of the G-6H well "to 3,958 meters through the Galoc reservoir interval."

The Australian firm added "the well intersected a 260m section of very high-quality reservoir which was at the high end of prognosed outcomes."

[supercity] 04/9/2013 18:45

last time it went from 50p to 220p in days was when the directors agreed to sell some shares at a nice 200p...a massive premium to the price it was sat at a few weeks before.

[timberwolf3] 04/9/2013 18:34

Cheers for that ,

www.ottoenergy.com/IRM/Company/ShowPage.aspx/PDFs/1972-93009258/GalocPhaseIIDrillingUpdateNumber13

[fromthesidelines] 04/9/2013 18:00

Could this rise have anything to do with the news re golac? See oel.asx? Thanks

[sirshagalot] 04/9/2013 16:39

well the news i have found is that china has put down concrete blocs in the region of dispute. (a leaf taken from Gibraltars book)
also connotations from the Philippines in closer ties with usa of a symbiotic nature is at hand. (of a strategic nature) nudge nudge wink wink say NO MORE!
so in gambling terms as most would understand on here they have picked up a ace card!, to make china think twice before going "argie bargie" on little countries.

[sportbilly1976] 04/9/2013 16:38

lets seee how pxp does overnight too

[ducatiman] 04/9/2013 16:37

Big test tomorrow, GLA.

[fireplace22] 04/9/2013 16:35

We are minority s'holders at the mercy of the two big holders, the only reason we're tolerated is for our London listing IMO. It is unlikely that we will see the returns from SC72. Why would the big two let us, talk of a share price of multiple £'s is pie in the sky now with wellington gone

[sideshowbull] 04/9/2013 16:20

Sport - it was £25 per share when PXP was 30pesos or whatever they are They are now 10 pes so £8 per share FEP not bad still lol

[ducatiman] 04/9/2013 15:51

About right sideshow

[sportbilly1976] 04/9/2013 15:43

sideshow,

from memory the valuation was based upon the rise in value of PXP after the April'12 news and comparinf this to FEP.

Since PXP is currently less than it was pre-news, that might not be a good calculation to do !!!

[sideshowbull] 04/9/2013 15:39

Anyone manage to dig out the old calcs of what PXP value FEP at currently? Used to be about £25 per share at 30 PXP so must be around £8 now???

[duxy786_3] 04/9/2013 15:36

Holding on to mine. Bought at £1.01 and doubled my holdings at 49p and 53p. Long way to go yet, but can see these £3-£5 in a few years with 16TCF of gas ready to be ressurected.

Good Luck all,
Duxy786

[sideshowbull] 04/9/2013 15:26

120k traded and up 50% ahh the good old days of FEP- remember last time max offered to buy was 150 pieces!

[mcmather] 04/9/2013 15:24

A few have made some decent profit from the likes of ggp, solg, marl, etc, of late. May be some are trying to find a new home for their monies? Hope it is news though.

[timberwolf3] 04/9/2013 15:14

Hey ho life in the old dog yet.

[earnestwipplethwaiteiii] 04/9/2013 15:10

It's not easy to tell - just a few fellow-travellers jumping on the bandwagon could cause this. On the other hand there could be some game-changing news on the Sampaguita front - a deal with CNOOC for example. Who can say?

[sportbilly1976] 04/9/2013 15:05

at over a 40% rise, I wonder if the Company have been asked if they know of a reason for it?

it's illiquidity doesn't help

[sportbilly1976] 04/9/2013 14:55

buyers now coming back.

A few (no doubt from the TOP's thread) have taken their profits and can now retunr to their more natural sub-penny stocks.

question is what started the buying?

[fireplace22] 04/9/2013 14:26

Hasn't our 'poison pill' in the form of strategic investor Wellington now departed the scene (to Atok) so leaving the minority holding prey to a relatively low ball take out?

Not visited FEP for a while but I think we'll be taken out before we're valued at anything significant. When we had the last price surge Wellingtion still had their blocking holding.