Avanti Capital Share Discussion Threads

[superinvestor] 13/8/2000 09:59

I think that 32p is a little low. ACA bought oil on the cheap for 50c a barrell, if you work out the amount of the find, at that price, I think that you will see what I mean. For it to be a "very substantial find" I would expect there to be at leat 5bn barrells if not 100bn barrells or more? I would expect the share price in the pounds after the formal announcement, however dyor and good luck

[superinvestor] 13/8/2000 09:58

1-4 billion would increase the price nicely, a 4 billion find would be v-nice as I would expect the share price to increase by upto 6x per billion.

However don't forget what Seik Yemani said!

6* 4 = 24 times

[superinvestor] 13/8/2000 09:41

Three points though.

1. Totally agree with Seeds. The trading range may well change dramatically from next week. With ALCRY up about 50% in two days there is the significance that early profits have not been taken. The volumes intrigue me though. Only 521,000.

2. The smaller investor may be happy with smaller profits over here. I wouldn't at all be surprised to see day traders secure a couple of 10% rises each week rather than hold out for the bigger rewards. I hope this is not the case as it may pin the price a little.

3. A 30% rise on Monday would be very welcome. 10-10.5p. I will be sticking around for a while though. I have been holding since September last year and have topped up 3 times. I hope that it reaches my estimated price target of 32p.

[superinvestor] 12/8/2000 15:58

Why is the ticker wrong on my thread? Any one know how to correct it?
Looking forward to Monday

[superinvestor] 12/8/2000 15:28

The Deputy Chairman Peter Catto says there are "VERY SUBSTANTIAL" amounts of oil in the Kazakatan field.

[tywocky] 12/8/2000 15:20

Hi
From the accounts drilling had reached 196m by June 20th and at the AGM on July 14th had reached 700m,with slow drilling as they were going through soft clay like rock.The well will be drilled to 2,800 m ,but hopefully thhey will run into oil from 2,000m or so. They have probably reached about 1,500m, so will not yet be in the target range.The good thing is that the Russian well on the edge of the structure found oil, that there is an oilfield with a similar geological structure nearby,and that there are oilfields to the East and West of Akkul.Isnt it difficult to be patient!
Regards
Ty wocky

[superinvestor] 12/8/2000 15:12

Thats Just Fantastic - so that means a furhter rise here

[ikdawson] 12/8/2000 14:50

Note that the rise on Nasdaq was even greater...32%.

[superinvestor] 12/8/2000 09:16

Atlantic Caspian Soars Ahead of Drilling Report (Update1)
By Elena Moya

London, Aug. 11 (Bloomberg) -- Atlantic Caspian Resources Plc shares rose 22 percent as the U.K. oil exploration company prepares to release a drilling report showing ``very substantial'' amounts of oil in its Kazakhstan field, said Deputy Chairman Peter Catto.

The shares rose 1.5 pence to 8.25, the highest-percentage change on the FT-SE Alternative Investment Market Index.

A preliminary report about how much and what type of oil has been found on the Akkul field will be released before the end of the month, Catto said in an interview. Atlantic Caspian owns 70 percent of Akkul, while the rest is owned by BN Munai, chaired by Bulat Nazerbaev, brother of Kazakhstan President Nursultan Nazerbaev.

The company plans to acquire five more oil fields in Kazakhstan later this year, including one in production, Catto said, and will sell new shares to finance the purchase.

London-based Atlantic Caspian is worth 45 million pounds ($67.5 million) at the current price.