Coastal Eng Share Discussion Threads

[addison17] 28/3/2013 13:22

Yes superb set of results, not quite sure why the share price hasnt risen further today,or have I missed something in the small print. Hopefully up further by the close of play. Upwards and onwards for 2013. Good luck to all that hold.

[marben100] 28/3/2013 13:11

Hi Riv,

Like the last paragraph of your quote, which I noticed too in the announcement. So much for the rumours that the fracking at BBS hadn't lived up to expectations!

Onwards & upwards. :0)

Cheers,

Mark

[dukedosh] 28/3/2013 12:45

Very bullish. well worth the wait. should get a nice pop at tsx open. happy Easter all.

[morti1] 28/3/2013 12:40

Good set of results. I don't think there is anything to worry about.

[rivaldo] 28/3/2013 12:39

Very bullish outlook:

"Randy Bartley, President and CEO of Coastal Energy, commented:

"Coastal delivered record production and cash flow for the fourth year in a row. We also delivered another solid year of reserves increases with offshore 2P reserves increasing by 50% and total Company 2P reserves increasing by 40%. The Company realized substantial additions to its 3P reserve base as well, adding 41.0 mmbbl of offshore Possible reserves. We anticipate that some of those offshore Possible reserves will be reclassified to 2P following additional development drilling in 2013. In 2012 Coastal expanded its horizons by signing a contract to develop a cluster of three oil fields offshore Malaysia.

"Coastal is poised for 2013 to be a solid year as well. We have added a second drilling rig so that we can continue our development programs at our existing fields while continuing to explore the prolific Songkhla basin. Two high-impact exploration prospects, the Bua Ban Terrace and Benjarong South, are scheduled to be tested in the second half of 2013

"We are very excited by the results of the pilot hydraulic fracturing program at Bua Ban South. Both wells have tested at stabilized production rates which are commercial. Our post frac analysis indicates there is room for optimization in our frac design and we believe we can improve both production rates and reduce frac costs. Following these excellent results we plan to move forward aggressively with our frac program to continue unlocking the potential of this substantial resource.""

[strollingmolby] 28/3/2013 12:34

It's out -

[sg31] 28/3/2013 10:48

It's been a long wait for news, lets hope it will be worth it.

[cwa1] 28/3/2013 10:08

Please don't mention that ticker log :-(

[loglorry1] 28/3/2013 09:31

Hi TGG yep hope they are not going to do an AEY on us :-)

[thegreatgeraldo] 28/3/2013 08:58

I thought the news would come pre-market open over here as well..

[gswredland] 28/3/2013 08:40

thanks dosh!

[dukedosh] 28/3/2013 08:35

This from belt on iv.

" News before market tomorrow. 2012 Year End Results. Reserve Report. Full Operations Update. "

If that's right it means around 12.30 pm GMT today.

[sander4709] 27/3/2013 21:28

Mark I am suprised at your admirable levels of restraint! CEO is now a very toppy 63% of my porty with SIA in 2nd place at 23%.

[gswredland] 27/3/2013 21:06

Robbie Burns has just bought more at 1087. He is a big fan

[ryandj2222] 27/3/2013 20:01

I've a third of my daughters ctf in this. Hope she doesnt blow all the profits on strippers, fast cars and drugs at 18. And a tranche in my isa which I just topped up on at recent lows.

[loglorry1] 27/3/2013 19:52

Only ~3.5% in Coastal Mark? You are a conservative chap. Lots of nice portfolio theory going on there no doubt. Good for you :-)

[marben100] 27/3/2013 19:13

Annual results and reserve report due tomorrow.

Big day for me, as my two largest natural resource holdings are both reporting tomorrow: this and Endeavour Mining (TSX:EDV). Together they make up about 7% of my porty.

[ryandj2222] 27/3/2013 16:57

Am I right that some news is due out tomorrow?

[rivaldo] 26/3/2013 23:37

Cheers dukedosh, most useful. Patience as always is a necessary virtue to get really big winners.

[tommy51] 26/3/2013 20:41

Well that is interesting , thanks dukedosh I had a quick read but need to digest further. One thing I like about Ceo is the amount of good data/opinion available.

[ryandj2222] 26/3/2013 20:24

Very nice! Thanks duke.

[ricky46] 26/3/2013 20:22

Glad I bought more yesterday in that tree shake.... I did scare me thou

[dukedosh] 26/3/2013 19:59

This courtesy of belt from iv.

Dundee $28 TP.



Prospective recoverables have doubled to 1bn bbls since the Feb presentation!

Goes some way to explain yesterday's tree shake, IMO.

I wonder how many were stops were triggered by mm's loading up before the numbers and update. B4stards!

[diabhal] 26/3/2013 18:04

Going up in Canada now - presumably off the back of the quoted article on Nasdaq.com. I bought some more before close of play.