Stratic Energy Share Discussion Threads

[westmoreland lad] 25/1/2010 17:05

Steel -- PTR etc. to make amends.

Orf to the local - early doors, f 'pick me up'

[b m n 1] 25/1/2010 16:46

What else have they got going on? Expecting a few more sells in the morning as Pi's come in from work and see the bad news but.....Looking for a dead cat bounce, just a matter of where it will bounce from???

[steelwatch] 25/1/2010 16:41

westie - I'm gutted! Just back from osteopath expedition. No chance to cut and run.

[westmoreland lad] 25/1/2010 16:39

and blast !!

[jotoha2] 25/1/2010 16:27

Market corrupt in this instance , big rise last week on very modest volume traded , fcucking spivs at it again.

[lord santafe] 25/1/2010 16:01

All this wonderful news and the share price dives. Glad I never bought at 11p, but I was gutted for a bit.

[steelwatch] 25/1/2010 07:34

Banking facilities extended pending Longanesi sale.

Valiant ops update with West Don mentions:

[jak108] 23/1/2010 12:14

Thanks sw, yes I forgot Nippon were operator for Bowmore.

I suppose there could be some leakage which says there is something interesting there but combined with some problem of some sort which needs more time to address - which may explain the recent share price rise without RNS. P&A after such a long time would hammer the share price - as you say lets hope there is clear, positive outcome here.

[steelwatch] 23/1/2010 04:15

Jak - Bowmore was down to the operator, Nippon. Stratic is the operator in Syria. Possiby down hole mechanical problems, kicks etc., could require a side track, or found they were off target, but it is pure guesswork. I sincerely hope for a successful outcome.

[jak108] 22/1/2010 18:15

A post by Geochem from lse bb re se.

'Yes I posted links to the confirmation that the rig is still onsite, multiple confirmations now. There is something happening here as we have not had the "no reason" RNS and should have had a "technical difficulties delay completion" RNS if that were the case, we are now approaching a 50% over-run on well plan, that is way beyond any normality for a well-gone-wrong-scenario and with the tightness of cash for DXE/SE they could not carry it without some justification... the complete absence of any RNS speaks volumes for me, they cannot disclose what is happening as their is no conclusive data/incomplete and they cannot tell a porky excuse, therefore they cannot say anything.... speculation but it fits for me. On the hope of Monday RNS 7am, I would expect a TSX-V buying frenzy before close, will be watching. IMHO/DYOR - geo'

There is also a post on IV that suggests no RNS so far is because they need prior approval from the Syrian authorities but they are closed on both
Thursday/Friday. Could have a RNS on Monday - fingers crossed.

Edit

sw- why would they wait for side tracking? If they thought there is something worth side tracking for , get on with it.

Rig standing about is costing a lot given that they have already been there well past their schedule? They do strange things sometime like at Bowmore?

[steelwatch] 22/1/2010 18:02

Side tracking?

[ifudrillittheywillcome] 22/1/2010 17:05

Someone on the DXE board reported that the DXE CEO sent him an e-mail stating that the rig was still on site in Syria. So, we may be on hold for news for some days to come.

ifu

[hermana] 22/1/2010 09:41

WL,you a Racing aficionado too? De man has endless bounds or erm mounds.

[westmoreland lad] 22/1/2010 01:06

Herm -- Steels the No 1 highest %age gain specialist. Also knows de bright
spots / bars, with de mini skirts f England in dt Santander

Take your dog out more often m8, de exercise will help you both lol, also take
urr mind orf dat frigging Dunquin 'n de invisible Exxon Mob etc etc.. ;-))

[hermana] 21/1/2010 21:52

Steel and WL. Jammy beggars no.1 on leaders board again! If my mingy dog lets out one more raspberry he is for it.

[steelwatch] 21/1/2010 17:26

Followed up in Canada:



By the way, did you know this is ISAable? TSX Venture (Tier 1)

[gozo] 21/1/2010 17:05

Westmoreland lad

I managed to get close to 24 k shares @ 12.5p over the phone - I think it was in auction for about 10 minutes maybe more.

This looks to have excellent management - just hope they can repeat the success.

Best of luck

[westmoreland lad] 21/1/2010 16:54

Gozo -- very hard to buy any at all, I put a 50k 'phone order in at 3.30 to
be told half an hour later '' you've been awarded 10k @ 12.5p T3, anymore and
they wanted 13.5p ''

Guess SE. didn't finish No 1 on de highest %age winners board without reason ?

[gozo] 21/1/2010 16:42

Quite hard to buy at a reasonable price this afternoon - chart looks good.

[steelwatch] 21/1/2010 14:56

Passed 100 days now.....

day 106

[larney] 21/1/2010 12:26

I see Gulfsands petroleum (GPX ) had a oil hit in syria this morning, bodes well for the region.

Drilling Update in Syria





TIDMGPX

Immediate Release 21 January 2010




GULFSANDS PETROLEUM PLC


OPERATIONS UPDATE:

Khurbet East-14 Delineation Well Flows Oil to Surface Indicating a Deeper Field
Oil-Down-To ("ODT") Depth

Khurbet East-13 Well Commences Production

Zaman-1 Exploration Well Spudded


London, 21st January 2010: Gulfsands Petroleum plc ("Gulfsands", the "Group" or
the "Company" - AIM: GPX), the oil and gas production, exploration and
development company with activities in Syria, Iraq, and the U.S.A., is pleased
to provide the following update on the Company's operations at Block 26, Syria,
where Gulfsands holds a 50% interest and acts as operator.

Khurbet East-14 Delineation Well Intersects Oil Column and Flows Oil to Surface

The Khurbet East ("KHE")-14 delineation well, located approximately 1 kilometre
north of delineation well KHE-12 and approximately 4.9 kilometres south of the
KHE-1 discovery well, was drilled to a total depth of 2045 metres measured depth
("MD") and 1626 metres true vertical depth below mean sea level ("TVD SS") with
the primary objective being to intersect the oil-water contact in the Khurbet
East field.

The well encountered the top of the Cretaceous Massive Formation at a measured
depth ("MD") of 1988 metres (1571 metres TVD SS) and the preliminary
interpretation of drilling data and wireline logs identified a gross oil column
at the top of the Massive Formation of 14 metres, with a net oil pay of 6 metres
and average porosity within the pay zone of 22%.

An open-hole drill-stem test was conducted over the interval 1982-1998 metres MD
(1564-1580 metres TVD SS). The KHE-14 well flowed oil of 27 degrees API at an
average rate of 613 barrels of oil per day ("bopd") for a 7 hour period on a 2"
choke using nitrogen lift. Negligible quantities of formation water were
produced during this flow period.

Although a definitive oil-water contact was not observed on wireline logs or
drilling data, the wireline logs indicates that oil was produced during this
test from a depth of 1998 metres MD (1580 metres TVD SS), 9 metres deeper than
the previous deepest oil flow observed in the field in well KHE 13.

A new field ODT has accordingly been interpreted at 1580 metres TVD SS.

These test results from KHE-14 and in particular the deeper ODT are expected to
have positive implications for reserves assessments which are currently being
undertaken on the Khurbet East field and which will be the subject of a separate
announcement at the beginning of the Second Quarter 2010.

Khurbet East-13 Well Commences Production

Well KHE-13, which was drilled and completed at the end of last year, has been
tied back to the Khurbet East Early Production Facility, located approximately
3.5 kilometres north-east of the KHE-13 surface location. The well is currently
producing at approximately 310 bopd under natural flow and with negligible
amounts of formation water. The production performance exhibited by well KHE-13
is in line with expectations and consistent with its location within the field;
well productivity is not as strong as that demonstrated by the high performance
production wells located near the crest of the field, but is superior to that
observed from wells drilled in the southern flank. Well KHE-13 will be a
candidate for production enhancement later this year via installation of
permanent artificial lift equipment.

Zaman-1 Exploration Well Spudded

Zaman-1, the first well in the 2010 exploration drilling programme, was spudded
on Friday 15(th) January. The Zaman prospect is located approximately 4.5
kilometres to the south of the Khurbet East Field as currently delineated and
targets the same Cretaceous Massive formation under production at the Khurbet
East field. Gross unrisked speculative reserves for this prospect are estimated
to be in the order of 23 to 35 million barrels of oil. Drilling operations on
the Zaman-1 well are anticipated to take approximately 45 days to complete.

Ric Malcolm, Gulfsands CEO, said

"The positive and significant results from KHE-14 delineation well in addition
to the start of oil production from KHE-13 both represent very significant
milestones in the continuing development of the Khurbet East Field from both a
production and potential reserves perspective. With the spudding of the Zaman-1
exploration well, the Company now commences an active and potentially exciting
exploration drilling programme of four wells during 2010."

This release has been approved by Richard Malcolm, Chief Executive of Gulfsands
Petroleum Plc who has a Bachelor of Science degree in Geology with 30 years of
experience in petroleum exploration and management. Mr. Malcolm has consented to
the inclusion of the technical information in this release in the form and
context in which it appears.

[steelwatch] 21/1/2010 09:12

Otherwise, check the News box above (only refreshes when the page is refreshed, or click the Monitor tab above and amend to display streaming info for SE. (London)

In Canada, the Investor Village bulletin board also has a News tab.

Also here:


(scroll down)

and here: