Share Name Share Symbol Market Type Share ISIN Share Description
Prospex Oil LSE:PXOG London Ordinary Share GB00BW4NPC58 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.275p +13.25% 2.35p 2.25p 2.45p 2.25p 2.05p 2.05p 7,879,666.00 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.5 0.2 10.7 5.06

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Date Time Title Posts
09/12/201615:58Prospex Oil & Gas PXOG (formerly PGR Kyrgyz gold disaster)1,499.00
09/11/201615:02PROSPEX (PXOG) “Licence has been finalised and awarded”87.00
21/4/201615:40Prospex Oil & Gas - Investors Thread *15.00
17/6/201510:45Prospex Oil & Gas Ltd26.00

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DateSubject
10/12/2016
08:20
Prospex Oil Daily Update: Prospex Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PXOG. The last closing price for Prospex Oil was 2.08p.
Prospex Oil has a 4 week average price of 2.64p and a 12 week average price of 2.48p.
The 1 year high share price is 3.20p while the 1 year low share price is currently 0.90p.
There are currently 215,331,291 shares in issue and the average daily traded volume is 13,895,962 shares. The market capitalisation of Prospex Oil is £5,060,285.34.
05/12/2016
16:07
fission453: You could argue that the current market cap of £7.5 million isn’t astronomical when you take into account the assets of the company, including its liquid investments, but given the real chances of success with the drill, I wouldn’t be rushing to buy in here at 2.7p at this stage, as even finding gas on this drill doesn’t mean the company will be successful – although that would likely send its share price rocketing, at least temporarily. - Keeping his options open then! Gary Newman is a plonker!
02/12/2016
07:05
broad: http://uk.advfn.com/stock-market/london/prospex-oil-PXOG/share-news/Prospex-Oil-and-Gas-PLC-Drilling-Plan-Approved-for/73048164
01/12/2016
15:12
vauch: I take it the drilling has been completed looking at the share price
01/11/2016
11:26
ayesha4: Does worry me when ive bought a couple of million shares as others have and the share price falls. They should wait and let this share price rise. Very undervalued at this price.
26/9/2016
14:27
effiert: well even with a £10m cap prior to drill which i think is conservative that would still equal a share price closer to 4p
11/8/2016
15:25
stonefold: Toolsmoker, IMO there is a strong probability of another placing this year. Unless Hutton are very frugal, Or the drilling is delayed. Otherwise they will have to pay on demand 49% of Hutton’s costs. They had the potential to place up to 300,000,000 shares, but they only used 70,454,545 for some reason. So that leaves up to 229,545,455 available for the next lot. See current estimated Capex for 2016 see pages 70 and 73 Http://www.prospexoilandgas.com/docs/KoloCPRMay2016.pdf As this is being vigorously pumped the share price may rise as the placees finish offloading. Also they have not yet got the drilling rig - so September is a bit on the Optimistic side. If the drill fails then IMO they are toast.
14/7/2016
13:52
stonefold: “Your post is inaccurate as you’re assuming shares will be placed at a penny !!!” -Rpat2 = That is not what I said, but to be clear. The calculation to determine the maximum number of shares that may be issued is: The nominal amount that the directors seek/have the authority to allot. Which in this case is £3,000,000 Divided by the nominal value of a single ordinary share. Which in this case is 1p ( = £0.01) 3,000,000 Divided by 0.01 Equals 300,000,000 shares Which is 139% more than the 215,331,291 currently in issue. I did not guess which price they will seek to place them, other than it will be at a discount to share price (at the time of placing). The nominal value of a share (where there is one) is included in the title of the share. PROSPEX OIL AND GAS PLC ORD 1P Http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BW4NPC58GBGBXAMSM.html === I see the resolution was passed. "The Company announces that at its Annual General Meeting held earlier today all resolutions were duly approved. " IMO I think they are very thinly funded to get through this drill (whether it is successful or not). Also the company have previously stated that they wish to seek additional projects to invest in. They do not have IMO funds to do that, so are very likely to raise cash with a placing. If they were quietly confident that the project was going to be good, then they would let the results speak for themselves. If they want to quickly raise more funds, then they will talk up the potential value. Time will tell.
07/7/2016
20:31
dice1950: PROSPEX (PXOG.L)4 star BUY 1.05 +0.04 (+3.96%) 7/7/2016 4:25pm http://uk.stoxline.com/q_uk.php?s=PXOG Price and moving averages Price and moving averages has closed above its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BEARISH in mid-long term. Bollinger Bands PXOG.L has closed below upper band by 4.3%. Bollinger Bands are 73% narrower than normal. The narrow width of the bands suggests low volatility as compared to PXOG.L's normal range. The bands have been in this narrow range for 12 bars. This is a sign that the market may be about to initiate a new trend.
07/7/2016
16:47
stonefold: If the reason for the recent volume is the pump in interview #521 Http://www.voxmarkets.co.uk/blogs/521-doc-chats-pxog-slp-krs-fcr-agq-life Then bear in mind the information upon which that chat is based comes from RNS Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PXOG/12830113.html Which was published on 26-May-2016 – so should already be well factored into the share price. The opinion that: The CPR implies a value of between £8 million and £45 million. Should read: The CPR implies an “Expected Monetary Values EMV” of between £5 million and £8 million. That value is dependant on a number of positive outcomes happening, such as: Getting an environmental permit to drill. Drilling one well and finding gas (40% chance of success for the upper reservoir target, 20% for the lower target) That the one well is capable of producing 3,333 to 6,666 boe per day for a sustained period of time. (very optimistic) That the gas is clean enough from impurities such as Nitrogen, to be usable for the intended plan (50% risk) Getting an environmental permit to build a combined heat and power, "CHP" plant. (?) Raising funds to pay for the CHP. (large placing?) The opinion that the current Mcap of £2 million is covered by cash Should read: All the cash raised, including the £1.64 million by the recent placing at 1.0p is earmarked for repaying debt or paying for this year’s drilling costs. The opinion that there is not much downside for shares trading at 1p per share – where’s the risk. Should read: It is an investment in oil and gas exploration, which is a highly risky business. If this year’s drill fails then the company is effectively worthless. Some of the 164,000,000 shares issued in the recent placing at 1p appear to be being sold at 0.95p – the rest may cause an overhang for a while dependant on daily volume. PXOG could place a further 135,400,000 shares – the placing price may be at a discount to the share price. That said - the directors do hold shares, and sometimes a series of improbable events can result in a successful outcome, even on AIM.
12/6/2016
09:21
stonefold: Two short positions. One from Investec declared open on 2nd June, then closed on 3rd June. Either a mistake, or a rapid re-evaluation that there was little likelihood of further significant falls in the share price in the near future? The other from Stifel Nicolaus Europe Limited. Declared open on 27th May. If Stifel woke up on 26th May, read the placing RNS then opened a short position, the average price of share transactions that day was 1.02p – since then the share price has been flat or firmed up a little. The average price of share transactions on 10th June was 1.07p – Will Stifel be like a frog in saucepan of water, waiting with increasing unease for it to start getting cold? Http://shorttracker.co.uk/company/GB00BW4NPC58/all
Prospex Oil share price data is direct from the London Stock Exchange
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