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
  +0.00p +0.00% 0.405p 0.41p 0.439p - - - 250,000 08:01:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 1.6 1.0 0.4 1.85

Prospex Oil Share Discussion Threads

Showing 2276 to 2298 of 2300 messages
Chat Pages: 92  91  90  89  88  87  86  85  84  83  82  81  Older
DateSubjectAuthorDiscuss
11/8/2017
11:22
as promised I have had another 2 tranches only one buy showing tho ... ccr.
ccr1958
10/8/2017
17:08
Yes soul I will be having more tomorrow .. the placing wont be down here imo.
ccr1958
10/8/2017
16:40
Karma chill. Once they have raised a few more pennies this will start to rise in earnest up towards drilling. The report above says how valuable this deal could be and I seriously think this prospect should have a much better chance of success than the one in Poland. The art is to buy up to the drill then just leave enough you are happy with for the result. I made a decent amount doing this last time and expect to again except this time I will feel happier to leave more on the table. Gl
soulsauce
10/8/2017
16:13
What a damp squib!
karmastuartra
10/8/2017
10:06
researchanalyst many thanks, great write up.
soulsauce
10/8/2017
09:57
MEDIA COVERAGE Offshore staff: August 10,2017 JUNIOR OILER SEALS GAME-CHANGING ACQUISITION London-listed Prospex Oil & Gas (LON: PXOG) has signed an Asset Purchase Agreement to acquire material oil and gas assets from Romanian oil and gas giant Raffles Energy Group. Headquartered in Bucharest, and with several producing petroleum assets and two substantial gas-to-power plants, Raffles Energy is a well-established player in the Romanian energy sector. The deal will allow Prospex to acquire a 50% economic interest in the EIV-1 Suceava Concession, which contains two producing gas fields, for a total consideration of £678,000 (€750,000). Suceava, in effect, sits within a proven hydrocarbon basin in North East Romania with gross recoverable gas (unrisked) of 47bcf. Using industry-recognised valuation models (1bcf = £2.2m), Suceava is worth circa £103m. And with several world-class discoveries nearby, with considerable leads already identified on the 2D seismic grid (consisting of 1,600km of lines), Suceava provides Prospex with an excellent platform to build a significant business in a country with prolific petroleum systems. Given the material quantities of gas flowing around Suceava, the company has wasted no time in identifying its first target; the Bainet Prospect. This is a shallow, 600m biogenic gas target covered by 3D seismic, which Prospex (and Raffles…) plans to drill next month (September 2017). The asset sits next to the producing EIII-1 Brodina Block. Considering the value of the assets acquired by Prospex, which on rough computation (incorporating unrisked value of oil and gas in the ground) works out at circa £127m, and considering the realisation price of £0.7m (€750,000), suggests Prospex has been a beneficiary of the depressed oil and gas industry environment. However, it is encouraging that the vendors have agreed to a phased payment arrangement as this suggests they have confidence in the long-term future of the assets under Prospex’s management who are an experienced oil and gas team with a demonstrable track-record of delivering excellent equity returns in the sector. Under the agreement, Prospex are obligated to provide an initial payment of £360,000 (€400,000) and a deferred consideration of £315,000 (€350,000), due once the Bainet well reaches its target depth (expected in the second half of September 2017). The consideration will be settled using the company’s existing cash resources. In early 2013, and as directors of Peppercoast Petroleum, the Prospex team successfully divested Peppercoast’s main licence package for $107m to Canadian Overseas Petroleum (17%) and Exxon Mobil (83%). In 2014, and whilst at the helm of Black Star Petroleum, the team replicated their spectacular performance when they sold Black Star to Impact Oil & Gas for a 90% return on equity! In this regard, Prospex Oil & Gas is the team’s third and most ambitious venture. And with an incredibly shrewd business acumen, strong capital position, and a substantial oil and gas inventory, the team is unlikely to disappoint. It’s worth noting that supporters of the team (including old Peppercoast Petroleum and Black Star Petroleum shareholders…) own approximately 22% of Prospex. Highlighting the significance of the acquisition, Prospex Chairman Bill Smith said, “This is a landmark transaction for Prospex Oil & Gas as it provides us with an excellent platform from which we can build a portfolio of interests in a country with an established oil and gas industry, excellent infrastructure, and supportive regulatory and fiscal regimes.” “The presence of operators of the calibre of Exxon Mobil, Repsol, OMV and Lukoil in Romania in our view is testament to this. The next few months promise to be an exciting period for Prospex, and with this in mind, I look forward to providing further updates on our progress in due course.” While many market pundits are circumspect about entering the oil and gas sector at a time when prices are depressed and volatility remains an issue, it is worth noting that even at current oil and gas prices, Suceava, if successful, will generate significant cash flow and revenue for Prospex. The company’s current market cap of £4.1m provides substantial upside as the company’s NPV is forecast to jump from £5.1m (pre-acquisition) to circa £54.3m (risked by 75% to reflect geological and execution risk…). BUY. hxxp://eforms.kmpsgroup.com/jointforms/Forms/Subscription.aspx?pubcode=OS&site=PNW21_OMnew
researchanalyst1
10/8/2017
09:43
Did you not read the RNS timw. Once placing is out of way this could quite possibly run up to 1p+ ahead of drilling.
soulsauce
10/8/2017
09:31
if thats the case im out. not waiting for another placing. Money gone into AAOG.
timw3
10/8/2017
09:03
timw I would imagine they are in the process of raising more funds as we speak so don't think it will run away just yet.
soulsauce
10/8/2017
08:59
directors bought at 1p so that will be the first stop
timw3
10/8/2017
08:59
about to break the 0.5p resistance on volume. Watch it fly then
timw3
10/8/2017
08:43
Drilling in September. Interesting few weeks ahead.
nick rubens
10/8/2017
08:38
Quite happy with that, as good as we could have hoped for I think. Will need to get a raising together pretty soon but see this much nearer 1p than 0.5p prior to drilling.
soulsauce
02/8/2017
18:06
Yes ccr lets hope good news is close.
soulsauce
02/8/2017
17:05
Still in here soul, nice little boost ,bit of a volume increase ,all good I hope !!
ccr1958
02/8/2017
13:10
Looks to have turned may be? News or an update is way overdue but if anything good comes out this could have a nice run back up to 0.75 to 1p. Lets hope something good is not far away.
soulsauce
28/7/2017
16:02
Quite a few roll overs in there. But whatever it is about time the company said something.
soulsauce
28/7/2017
15:45
Looks possible. Some very keen to exit
bean02
28/7/2017
15:39
Bit of action !! Bad news ?
ccr1958
25/7/2017
18:39
Is this dog still trading with that arrogant CEO!
turbotrader2
14/7/2017
20:34
Agreed soul..I bought some more today !!
ccr1958
14/7/2017
08:44
Not sure about that karma but it is time the company updated in some way.
soulsauce
14/7/2017
08:43
Doomed! !!
karmastuartra
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P:43 V: D:20170816 12:54:39