Prospex Oil And Gas Share Discussion Threads

[effiert] 27/9/2016 09:09

immense buying. 3-4p this week very likely

[ileeman] 27/9/2016 09:09

Insane volume

Looks like accumulation to me.

[runwaypaul] 27/9/2016 09:03

nice strong buying atm

[potential] 27/9/2016 08:51

My prediction -- Close at 2.5p

[ccr1958] 27/9/2016 08:51

MMs paying top dollar to sellers, can only mean one thing imo, BIG buy orders in !!!

[tidy 2] 27/9/2016 08:49

Flying again today.

[ccr1958] 27/9/2016 08:48

Here we go , the game has just begun !!!!

[aba978731dom] 27/9/2016 08:48

Those who sold out early will have to buy at higher price, good luck. All those selling absorbed.

[eggbaconandbubble] 27/9/2016 08:26

I just got a quote to buy 100000 @ 21299. which means pretty much that all trades so far a buys!

[ccr1958] 27/9/2016 08:20

MMs playing a blinder to fill orders ?...everything going thru as a sell,now you know your on to a good thing !!!!

[miahkaysor] 27/9/2016 08:17

Buys are showing in red!

[ccr1958] 27/9/2016 08:04

Mr 1m will be happy at the sellers !!!

[effiert] 26/9/2016 23:10

questions I keep asking myself - and the answers back up why I think this is going much higher.

Q1 what's the upside target-
A 25p - based on research note and NPV of boleslaw - Prospex net share.

Q2 how does the NPV relate to the sp?
A IMO pretty well because they have changed the casing to be production ready.

Q3 how much cash do they need?
A - none. They have just placed so are fully funded.

Q4. Is there an overhang?
Now probably not- check out today's trades.

Q5 any director buys?
No. But they have just arranged some warrants for rewards- mostly at over 5p.

Q6. Why is this stock so cheap?
Because flippers from the placing were happy with their 10% IMO - now they've gone.

Q7. What's the chance of success?
40% but it is IMO an unusual step to change the drill strategy to a producing well. Could be more.?

That's why I'm keeping the stock. I keep reminding myself of the above. Nothing to hold this stock back now IMO

[effiert] 26/9/2016 22:01

Thing here is its been threatening a big move up for a while. Look at the chart there has been no big sharp move up from 1p. Bodes very well for this breakout now. No resisitance till 3.5p. Its all about momentum and we have it now.

[purple11] 26/9/2016 20:59

not in any rush here.nice to see a strong move to break into the 2s.expecting far higher prices as we move into the zone.let it move around -all these prices will be seen again,gl


Fear keeps you from making as much money as you ought to.
Jesse Livermore

[soulsauce] 26/9/2016 20:36

Volume excellent today, bodes well.

COPL another pre drill potential big riser. 17% of 2.3bn brls + other projects.

[maccamcd] 26/9/2016 20:24

well done to all you pxog holders from near a penny. Well played!

[tidy 2] 26/9/2016 18:03

Nice late reported trades.

[effiert] 26/9/2016 17:35

and just to add if I may THE BOD HAVE CHANGED THE DRILL CASING TO BE PRODUCTION READY. IT IS BEING DRILLED AS A SUCCESS CASE NOT AN EXPLORATION WELL.

[effiert] 26/9/2016 17:35

From broker note last month: 24p!!


"The point is that if the upcoming well delivers to the CPR’s mid-case (i.e 87 Bcf), with reasonable nitrogen levels, Boleslaw would be worth considerably more than $68.8m, probably closer to $90m. This would translate to Prospex’s 49% being worth approximately 24p"

[ccr1958] 26/9/2016 16:52

I been waiting a while for that today , nice start imo..

[ileeman] 26/9/2016 16:47

2p major resistance breakout on basically all time high volume.

Might get a back test of the 2p area but as long as that holds then nothing on the chart until 3.5p...this could really start to shift now 2p is broken.

Alot of news due.


free stock charts from uk.advfn.com

[shafaq] 26/9/2016 16:46

Wow.What a day,they just could not cope with all this buying.Expecting to touch at least circa 3p in the morning if the buying continues.

[encarter] 26/9/2016 16:38

Could be news tomoro.

[miahkaysor] 26/9/2016 16:29

another 119072 @ 2.19p