Prospex Oil And Gas Share Discussion Threads

[ccr1958] 27/7/2016 10:01

MMs will give you 1.41p ,buyers waiting !!!!

[ccr1958] 27/7/2016 07:53

No need to ramp , the buys telling their own story, bullish trend ,the story is just beginning... Buyers getting in pre spud imo..

[purple11] 26/7/2016 13:59

runwaypaul
14 Jul'16 - 22:59 - 139 of 159 0 0


from bullish last month to ultra bearish last few days. someones sold out ,likely at the low, and desperately trying to get back in......choo choo



seems to make sense!

[rpat2] 26/7/2016 13:55

I doubt it, purple just guess stone is doing us a favour posting on a stock he doesn't own...

[purple11] 26/7/2016 13:50

do you have a position here ,long or short?

[stonefold] 26/7/2016 13:46

runwaypaul, Thanks for clarifying that. Are you saying that the drill team have only ever drilled two wells?
Looking at the ramping going on I'm still expecting a fund raising discounted placing soon - early next month?

[stonefold] 26/7/2016 13:38

Rpat2,
I have looked at (admittedly not every page) of

But not yet found any reference to them having the infrastructure in place.

AS you are choosing not to provide a link to the page that confirms your opinion, I guess we’ll just have to disagree on that point.

[runwaypaul] 26/7/2016 13:15

the drill team in place have had a 2 out 2 success rate to date in this area,both wells drilled have been commercial,they also took part in the placing to the tune of @250k.

see you at @3-4p spud and the teens on a strike.


or listen to stonedead and miss it.

dyor gla

[rpat2] 26/7/2016 11:43

Stone fold , have a look at hutton Poland answers are all in there

[stonefold] 26/7/2016 11:05

Rpat2,
Likewise with your previous claim that Hutton have infrastructure in place.
Which it seems you have not had the time to verify.

If you have a look around pages 70 and 73




You will see that there is a variety of different kit that might be required dependant on the outcome of drilling and testing.
Only when drilling and testing is finished will they be in a position to decide which is most suitable.
So Hutton are very unlikely to have already spent millions of dollars in advance buying infrastructure. Even the drilling rig might only be booked just in time.

And for all of that Capex, PXOG will have to pay 49%, if their current £1 million approx will stretch that far.

[stonefold] 26/7/2016 11:04

Runwaypaul, To save you time looking for a link, try the one below.
You will see that the possible reservoir structure being targeted by this year’s drill, have not been drilled before. Therefore it would be difficult to have a “2 out of 2 hit rate”. It is an exploration well testing a prospect, not an appraisal well expanding a proved reservoir. Every drill in a new area is a lucky dip.





Page 24
“…None of the wells in the licence appear to have encountered the proposed reservoir intervals and only two wells the Poddebice PIG2 well and the Wartkowice 1 well, both close to the southern end of the licence, have the reservoir described.…”

Page 30
“……Since the Santonian structure is currently undrilled it is considered a prospect and as such carries a geological risk....”

“…Gas shows in shallow sandstones in the Poddebice PIG-2 well to the south suggest the presence of a working hydrocarbon system in the area. The lack of commercial volumes represents a risk on migration effectiveness. …….”

Page 34
“… The deep Cretaceous is undrilled and so carries a geological risk ………”

“…Gas shows in shallow sandstones in the Poddebice PIG 2 well to the south suggest the presence of a working hydrocarbon system in the area. However the lack of reservoir encountered in the nearby Wrzaca IG H 1 well and the presence of a similar anomaly at the well location increases the risk for this prospect. …”

[rpat2] 26/7/2016 09:30

Runway don't listen mate like u said missed 40% already see his previous posts above lol

[stonefold] 26/7/2016 08:58

So does that mean you cannot provide a link?

[maccamcd] 26/7/2016 08:48

Market cap is still only £3m. Thats cheap to piggy back Ed & his knowledge bank

[runwaypaul] 26/7/2016 08:43

all you ever do is deramp this.

if id listened to you id have missed my entry and a 40%uplift already.

dyor.

[stonefold] 26/7/2016 08:32

"drills so far have had 2 out of 2 hit rate." -runwaypaul

I'd appreciate it if you could provide a link to confirm that.

[runwaypaul] 26/7/2016 08:14

drills so far have had 2 out of 2 hit rate.

personally will be riding this through result. expecting over 10p here.

id say a spud price for dersisking will be around 3p,but im leaving mine on this one. gla

[ccr1958] 25/7/2016 13:12

MMs very happy to give you 1.36 for your shares ,I am liking it !!!

[patviera] 22/7/2016 09:56

Lack of selling Keeps bouncing off 1.2Tgt 3pNo downside now

[ccr1958] 21/7/2016 16:41

1.6m late buy !

[runwaypaul] 21/7/2016 15:02

20k buy....

[runwaypaul] 21/7/2016 12:09

nice action gla