Prospex Oil And Gas Share Discussion Threads

[maytrees] 06/1/2017 09:04

Greetings sapper - you could of course be right though the options grant a few days back to a director of:

"1,436,000 ordinary shares of 1 pence each in the Company ("Ordinary Share") at an exercise price of 1.1 pence per Ordinary Share and vesting when the price of an Ordinary Share closes at 5 pence or more for 5 consecutive days. "

would then seem a rather complicated way of pulling wool over investors' eyes.

More likely imho is that the directors believe that there is a good chance of reaching gas soon but no guarantees
- the latter also explains investors' nervousness.

[maytrees] 06/1/2017 08:43

Good morning all

The PXOG share price reflecting investors' nerves perhaps?

[113mike] 06/1/2017 07:15

Not yet anyway!

[runwaypaul] 06/1/2017 07:13

no Friday disaster RNS then- could bode well.gl

[just_banter] 05/1/2017 21:09

Arab

You sad man

[arab3] 05/1/2017 18:55

just_banter - 18 Oct 2016 - 14:22:04 - 805 of 1715 Prospex Oil & Gas PXOG (formerly PGR Kyrgyz gold disaster) - PXOG
Pxog are taking the biscuit with this license. Sold this dog

[turbotrader2] 05/1/2017 17:45

Hope this doesn't do a COPL maybe that's why it's nervous?

[soulsauce] 05/1/2017 16:04

Some nice late afternoon buying.

[soulsauce] 05/1/2017 12:07

If the well comes in this has a lot of catching up to do even before we start putting a value on the gas.
Fill your boots on anything below 5p for a nice run up to 10p+

[ccr1958] 05/1/2017 11:46

It would appear so soul... steady but not massive volume yet !!

[soulsauce] 05/1/2017 11:42

Some confidence seems to be building.

[ccr1958] 05/1/2017 11:32

Still here guys , no leaks yet !!!

[sidjameslaugh] 05/1/2017 10:25

Let's have a little rise to 3p before any news. Looking good so far

[soulsauce] 05/1/2017 09:43

I am hoping next week maytrees. If it comes quickly it will likely be a dud so hopefully not too soon.

[maytrees] 05/1/2017 09:35

Good morning - steady start today again - must be news soon though.

[sidjameslaugh] 04/1/2017 16:33

Steady day.

[maytrees] 04/1/2017 16:19

Some late buys give a late share price tick up.

[maytrees] 04/1/2017 14:19

That actual sell at 2.35 as I typed not mine though.

[maytrees] 04/1/2017 14:18

Test sell just now gave 2.35p bid - perhaps MMs as wary as PIs.

[soulsauce] 04/1/2017 09:58

Yes standard stuff to protect the integrity of the well and use a slightly smaller drill bit in to the pay zone.
There would be some red faces of they hit some nice gas pressure that caused damage to the well because it wasn't cased.

That said it looks as though they have been taking it nice and steady unless there have been some down days over Xmas.

[sidjameslaugh] 04/1/2017 08:45

It is standard. All part of the cost. Mainly to stop it collapsing

[loveandmoney1] 04/1/2017 08:40

isn't it standard to set casing for a well?not sure if that indicates anything

drill all running to plan with no problems sounds good.gl

[blueblood] 04/1/2017 08:12

PXOG need to RNS progress as it's price sensitive now!

[dafad] 04/1/2017 07:17

Page 1 Grand Gulf Energy Limited 1008 Hay Street, Perth WA 6000
T [phone] F [phone] E [e-mail] www.grandgulfenergy.com
Board & Management
Mr Mark Freeman
Managing Director
Mr Charles Morgan
Executive Chairman
Mr Allan Boss
Executive Director
Mr Stephen Keenihan
Non-Executive Director
Office
Level 7, 1008 Hay Street,
Perth WA 6000
T [phone]
F [phone]
E [e-mail]
www.grandgulfenergy.com
ASX Codes
GGE 748m
Boleslaw #1
4 January 2017
Boleslaw #1 Well Drilling Update 1
• The Boleslaw #1 Well spud on 11 December 2016 and is presently
completing a casing run at 952m.
• the First target, the Santonian sandstone, is anticipated to be intersected
between 1,050m and 1,100m.
• The Second target, the Deep Cretaceous sandstone, is anticipated to be
intersected at 1,400m.
• Planned TD of 1,500m and expected to cost A$2.8 million
• The well is presently running on budget.
• GGE also has a 20.4% interest in the Kolo Licence which covers 1,150
square kilometres.
For more detailed information on the Boleslaw Project please refer to our release
made on 13 December 2016.
For further information contact:
Mark Freeman
Managing Director
Phone [phone]
For more information visit www.grandgulfenergy.com and sign up for email news.
About Grand Gulf Energy: Grand Gulf is an ASX listed US based oil and gas exploration and
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This report contains forward looking statements that are subject to risk factors associated with
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