Deo Petroleum Share Discussion Threads

[the marlboro man] 01/4/2012 22:19

Cheers Rhubarbe.

[rhubarbe] 01/4/2012 21:44

Best of luck timing your exit.

[the marlboro man] 01/4/2012 21:00

Indeed Rhubarbe, went for XEL over GKP in the end for political issues. Will see how it plays out.. Would be very confident of a successful EWT. £1.15 looks a good entry point to me, either a short-term trade, or a longer term hold.

Hoping XEL plays out good for me, so I can invest part (keep some XEL), and jump into DEO and/or LOGP.

[rhubarbe] 01/4/2012 19:10

I'm still not tempted by GKP, TMM. Too much riding on too many very corrupt, self-serving politicians.

XEL looking good for an upcoming trade, as you say.

[the marlboro man] 29/3/2012 22:46

Luminoso,

Very, very nearly bought LOGP today . But I'm seriously thinking about putting my sterling cash into GKP. As a trade it looks temping if you can get in @ £2.55. Even GKP as a long term hold, I think I could sleep well. XEL is looking good for a trade at £1.15 too. I like these volatile/popular stocks.

40p looks like strong support for LOGP. Looks an excellent long-term hold that one, and I think it's only a matter of time before I buy. Just a few short-term temptations around at the minute.

Yes, I know, by the time I get around to buying LOGP it'll be after taken off. lol

[flyingbull] 29/3/2012 22:32

Fancy a challenge? Here is the April monthly oil stock competition


Regards,
fb

[rhubarbe] 29/3/2012 21:38

Me too. I didn't add at LOGP because I can't satisfy myself why it's dropping. I'm well covered with a lot more SEA than LOGP so I'm happy that value will out in the end.

This is a strange one that will make us rich, or not, and we'll see before long, I expect.

[luminoso] 29/3/2012 21:35

Marlboro - you had your chance again at LOGP today - take it ?
As for DEO, slow drift down is normal on typically low volume - very illiquid. Have to remember that even low volume can produce dramatic spikes up, especially if accompanied by some positive news. Sitting tight and waiting.

[rhubarbe] 27/3/2012 21:54

You never know.

[the marlboro man] 27/3/2012 21:53

Ha, hopefully I'll feel the same..

[rhubarbe] 27/3/2012 21:50

I did. I liked it so much I bought some..

[the marlboro man] 27/3/2012 21:47

You've convinced me now. Will definitely have a look!

[rhubarbe] 27/3/2012 21:43

In that case, TMM you really should have a look at IGAS. Honest.

[rhubarbe] 27/3/2012 21:36

Yes indeed.

[scaff55] 27/3/2012 21:33

Dont forget kevin burke deo chairman also former budie at dana.

[rhubarbe] 27/3/2012 21:32

Long as that PMO bunch don't get involved.

TMM, yes I believe that you are right. if you read the ES it talks of flaring the gas and actually using some of the oil to provide the energy necessary to scrub the H2S. Not helped that it's high in CO2 as well as that hinders the combustion.

FDP submitted in September and ES recently so it's in a similar position to XEL, if you ask me although the field is smaller, and sour, though it's not heavy. I don't think there is any doubt Perth will flow though.

Sometimes you just have to take a few punts along with your bankers. If you can find any bankers left these days.

[bomfin] 27/3/2012 21:17

FPM keeping quiet about Perth apart from GS's first and only comment I can recall about Perth just after budget.

Got the feeling that the former buddies at Parkmead and FPM wouldn't mind getting a slice or bigger slice of Perth cheaply. Certainly not helping DEO at all with zilch help in talking the project up.

[the marlboro man] 27/3/2012 21:17

The diagram is actually on page 17, sorry.

[the marlboro man] 27/3/2012 21:15

Would have bought LOGP at 42p, only my stupid internet dongle couldn't pick up a signal when I was in the countryside, beside a mountain.

[the marlboro man] 27/3/2012 21:13

But isn't it oil with associated sour gas? 1.1mmbbls boe (gas) from Perth Core.

See the diagram on page 17 here - , where they will process both the gas and oil.

Or am I way off here?

[rhubarbe] 27/3/2012 21:07

That's why the wife and I took a punt on DEO some time ago. We're stillbeing patient.

Paul Curtis in for 3% so I await with interest.

I'm in LOGP too....

Take a look at IGAS...

[the marlboro man] 27/3/2012 20:59

Although the Lansdowne/PVR drill exceeded all expectations and Barryroe should prove to be a lot bigger than initially thought.

But still lots of other examples around of oilers with much higher market caps than DEO, with no oil to show for it.

[rhubarbe] 27/3/2012 20:58

You know it's sour oil, don't you?

[the marlboro man] 27/3/2012 20:53

And that was almost a year ago.

Perth probably holds 20mmbbls NET recoverable to DEO. If a company announced this tomorrow does anyone think they'd have a market cap of £11m. Compare this to loads of other companies like Siruis Petroleum or Lansdowne whom are in exactly the same boat as regards to finance, yet have market caps of multiples of DEO. The same old marginal fields that were appraised in the 70's and 80's, but new technology and higher oil prices..