Prospex Oil And Gas Share Discussion Threads

[soulsauce] 19/10/2016 16:31

Yes without doubt on a trouble free basis, especially when you are adding another 30%+ of horse power.

[parisv] 19/10/2016 16:22

does a more powerful rig mean quicker drilling time?

[potential] 19/10/2016 16:02

Aba I totally agree MMs playing a blinder!! We shall have plenty of blue before you know it!!!

[aba978731dom] 19/10/2016 14:51

Looks like MM drop the price to accommodate the large order buys. Should pick up soo very soon.

[soulsauce] 19/10/2016 14:01

Sounds like we now have a 800HP rig now instead of a 550HP, like a hot knife through butter ;-)

[vauch] 19/10/2016 13:02

how deep is the well target?

[potential] 19/10/2016 09:34

They way things are being planned seems to suggest BoD know this drill will be transformational......First test well changed to production wellNext, options at 5pThen drill changed to more powerful drill The above suggests BoD expect the share price to be well north of 5p.....Off Topic No OpinionReply to postToday 08:21 Price: 2.45RobinHood69 6,776 postsBoleslaw - 11500m drill for TWIN targets in very shallow 2D worked area already proven as a gas field from several other drills to the south south east.The drill was to take 25 days BUT the companies involved decided jointly !!! to increase the cost of the drill by adding a further 7 days to cost. HOWEVER they CHANGED THE WELL DESIGN from test only to PRODUCTION READY !!!To back up the geology and strata, well WRZADA was drilled within metres previously at an attempt to find water. This data being so close to BOLESLAW somewhat derisks the geological worries.Now the next RNS will be within days stating "Rig mobilisation" and the long lead time products , mainly casings materials can be ordered. Approx 6 weeks I believe to spud, BUT once spud has started 1st news leaks could well be within 14-18 days.PXOG stated a high industry standard of Cos at 40%, probably higher.The seismic data from Strzeleki, the Wrzada well next to it and other proven gas bearing wells in close regional lication within the 2 faultlines laying NE and SW to W. with channel ( perfect location ) BOLESLAW-1 looks to be sitting pretty.Do not forget the "BLUE SKY" 3500M strata below these 1st targets !!! That is the REAL pay day imho and they look perfect for OIL. I think these shallow drill have been picked, designed and will produce , inorder to fund the next stage drill of a test well on the deeper pay zone. Imho.If not they already have other shallow targets on licence to progress too.Good times for those in early. A VERY STRONG BUY!!!

[potential] 19/10/2016 09:22

They way things are being planned seems to suggest BoD know this drill will be transformational......First test well changed to production wellNext, options at 5pThen drill changed to more powerful drill The above suggests BoD expect the share price to be well north of 5p.....

[potential] 19/10/2016 09:10

he fact that this is now a game changer has not been digested by the market. The drill is an exploration one and we can go straight into production. WAKEY WAKEY folks........chance to buy,,,but won't last long, this is company making news. Fully expecting this to break into the 3p territory. PXOG has traditionally been an afternoon stock.

[potential] 19/10/2016 08:59

Just topped up thanks DT :)

[ccr1958] 19/10/2016 08:55

Yes soul, nice opportunity during the dip for me tho !!!

[soulsauce] 19/10/2016 08:53

Yes I should imagine a few sold on that news, they negated the good news in there like the better rig for no extra cost and just concentrated on the potential drilling date.

[ccr1958] 19/10/2016 08:49

Yes shafaq..name of the game ..traders don't sit about..hot money gone to copl by by the looks of it ;)

[cygnet4] 19/10/2016 08:47

In the red now.

[shafaq] 19/10/2016 08:46

Probably due to few weeks delay,instead of mid Nov its end of nov and they sell.Lol.

[ccr1958] 19/10/2016 08:43

The sell on news brigade are in town !!

[potential] 19/10/2016 08:40

Brilliant!!!2.9 paid in full :) Let's get the show on the road !!!

[soulsauce] 19/10/2016 08:23

effiert don't forget COPL, good news there via Exxon ;-)

[effiert] 19/10/2016 08:18

This and HNR amazing news

[soulsauce] 19/10/2016 07:35

Great news and a better rig to boot too ;-)

[alamaison5] 19/10/2016 07:26

HNR: Today RNS! And then this: hxxp://www.morningstar.co.uk/uk/news/AN_1465546214488574000/highlands-natural-says-game-changing-technology-advances.aspx

[someuwin] 19/10/2016 07:19

Excellent!

[zac_mo] 19/10/2016 07:13

No extra cost. ..that's what you get when you've been in bed with EXXONMOBIL