Share Name Share Symbol Market Type Share ISIN Share Description
Prospex Oil LSE:PXOG London Ordinary Share GB00BW4NPC58 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.06p +10.53% 0.63p 0.62p 0.64p 0.80p 0.62p 0.75p 351,870,836 16:23:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 1.6 1.0 0.7 6.39

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Prospex Oil (PXOG) Discussions and Chat

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DateSubject
21/1/2018
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 0.57p.
Prospex Oil has a 4 week average price of 0.51p and a 12 week average price of 0.44p.
The 1 year high share price is 0.95p while the 1 year low share price is currently 0.29p.
There are currently 1,013,593,136 shares in issue and the average daily traded volume is 36,606,969 shares. The market capitalisation of Prospex Oil is £6,385,636.76.
20/1/2018
00:38
bountyhunter: no need to when they have the options; ok it would have inspired confidence but they do have those options to motivate them to get the share price up to 1p+ and higher
19/1/2018
20:53
brasso3: Todays RNS was very positive. A very large sell (51.8m) appeared after market close which was no doubt from the placing. I can see why the share price has not responded though. Also, they will need to raise more funds in 2018 to get the Spanish asset off the ground.
03/1/2018
08:36
cpap man: PXOG are up by circa 9% on the back of market whispers over the Italian drill [flow rates] Time for UOG who hold a higher % to join in todays share price rises!
18/12/2017
16:13
crystalball: I’m a little nervous . Share price is so so weak.0.45 is on the cards unfortunately . Unless something happens to creat a turnaround . Deep in the red I am .GLA
15/12/2017
14:53
123trev: Obviously the placing will come after good results and when the share price is as high as they can get it but the groundwork for that placing has already begun that’s how aim works they have to no how much they can raise and at what price and that’s down to buyer appetite.
14/12/2017
18:55
stonefold: IMO Strong likelihood of placing. (last time it was at an 11% discount to the share price) By my notes after paying for: The Italy drill, testing and the tie-in. The Romanian tie-in. Six month Admin cost of about £ 380,000 They would have only about £50,000 cash left before any income from gas sales started to come in. That is assuming that all permitting and work is performed promptly and to expected cost. That would not leave any spare funds for further investment or additional drills (assuming that the exploration permits which are due to expire, get renewed) I doubt that they will want to sail that close to the wind, so even if they sell the other investments it is highly likely that they will have another fund raising/placing. Probably between £500,000 and £2,000,000 depending on what they can get away with/find to spend more money on. "...it is expected that experimental production from the Bainet gas discovery will commence in Q2 2018. .." So no income from Romania for at least three months. Income from Italy likely to take even longer. Initial gas production will start at a low volume and increase over the next few months as/if the reservoir can bear it. So the first couple of months income would be modest.
03/12/2017
21:32
cpap man: UOG Potential to open up a new multi-billion barrel offshore play in Jamaica. With current share price already covered by conservative valuations of UOG development projects in the UK and Italy, the company’s exposure to Jamaica represents very exciting long term upside.
03/12/2017
16:27
zed250: Looking good potential trade on to over 1p if you be quick, well that's what the feeling is reading twitter LSE and seeing confidence back in the share price
21/11/2017
11:00
123trev: Lol,at least we keep a sense of humour in the case of the missing share price rise,dah da dah!
21/9/2017
11:38
stonefold: When pressed in a recent interview the CEO stated that they had a figure for probability of success for the drill, but that it was for internal use and he did not wish to disclose it. Those interested in the probability of success and time it takes to drill and test similar wells should have a look at RPT = Regal Petroleum's news archive. A number of wells were drilled in the Suceava and neighbouring Barlad licences, with mixed outcomes. There you will see information on the 2005 drilling of the SE-1 well, (that PXOG might recomplete). And of particular relevance a well targeting the same geological structure (the Sarmatian formation) though in the adjacent Barlad Concession. Http://www.regalpetroleum.co.uk/news-0123.aspx 17-10-2007 ".......These prospects are supported by seismic amplitudes and have been assessed by the Company as having geological probability of success of approximately 30%.......... " "...Regal's 2005 SE-1 well which identified a sub-economic accumulation of gas in the Sarmatian formation...." - Whilst there is not a CPR for the PXOG drill, there is a Competent Person's Report dated 12-01-2016 for the Suceava, Bobocu and Jimbolia blocks, this was before Zeta Petroleum gave up its interests. Bobocu had 5 gas prospects with POS from 13 to 28%. No drilling prospects were considered in this CPR for the other two blocks. Http://www.zetapetroleum.com/files/files/270_Zeta_CPR_ASX_Jan_2016_Update_FINAL.pdf Suceava block: 36 wells drilled, of which only 3 producing small volumes of gas, 1 possible of producing small gas volumes and requires further testing and completion and resolution of land access issues. Climauti field has 2 producing wells: Climauti 1 and Ruda 1 to Bilca gas plant. total production = 0.2 mm cu ft d Dornesti Sud field has 1 producing well:Dornesti Sud 1 to an electricity generator. prod = 1.12 MW limited by generator (could do 0.9 mm cu ft d) SE-1 not yet completed. short test approx. 1.2 mm cu ft d The CPR also has information for calculating revenue from gas sales. (PXOG does not have an interest in the producing wells) Despite taking a number of years to study and drill the area, RPT sold all their Romanian licence interests (make of that what you will). DYOR on the probability of success, the economics of development and realistic outcomes for the share price.
Prospex Oil share price data is direct from the London Stock Exchange
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