Prospex Oil And Gas Share Discussion Threads

[broad] 02/10/2016 21:02

Potential are you Flappingchicken from the lse board?

[cinques] 02/10/2016 15:51

It's from years ago - 2011 or 2012. San Leon have pretty much turned their back on Poland - they were targeting tight gas, iirc.

[stonefold] 02/10/2016 15:46

Potential, (I've also asked this on lse as it was also posted there.)

“…. New information that has come to light that we have a few other interests with San Leon Energy with a 12.5% Stake. …”


Can you provide a link to news of the project that involves PXOG/Hutton and where San Leon has a 12.5% interest?

[ccr1958] 02/10/2016 11:36

we like the Potential in PXOG.. well summed up !!!

[flyingbull] 02/10/2016 11:35

The monthly oil stock challenge is still on! A test for your oil stock picking ability. Deadline for entries is today, Sunday 2 October 2016.

[soulsauce] 02/10/2016 11:30

Potential great post thanks.

[effiert] 02/10/2016 11:10

lovely summary potential thank you

[potential] 02/10/2016 10:40

Prospex is in a very good place right now:1. Fully funded after second placing.2. Q4 Drill conducted by Hutton Poland which we have a 49% Stake in3. 40% Chance of hitting success (Gas), it sounds as if it is more but the Company is just protecting itself i believe. The lowest valuation if gas is hit would make the share price rise to around 10p and if it is the complete and utter jackpot then could be in the region of 20-25p. Look at the investment, look at the return. Risk to reward ratio is phenomenal.4. Issuing of 5p exercisable warrants for employees and casing the well ready for production gives even more strength to the possibility of a successful drill. 5. The drill engineer that is doing the drill has done 190 of these and says this is one of his smallest drills. Doing 190 drills means EXPERIENCE. Alot of it, and problem scenarios have been seen and the solutions have been noted in the past. The man is serious in his work. Listen to the podcast via voxmarkets.6. With only 285m shares in operation, buying in early would mean any little positive volume would create waves in the share price Bodes well and we saw this on Friday. A few late buys and we were green.7. The CEO has very clearly said that the drill License is a formality and Poland are very facilitating in these matters. This news should land this week coming and then another wave of sentiment will rise.New information that has come to light that we have a few other interests with San Leon Energy with a 12.5% Stake. We are already in October. Ed and the team are very much driven to increase value for shareholders with that being a number one priority. Short term quick drills with lots of money to be made looks like what the company are after. Nothing is made up in my statements. It is all available with your own research. There is no ramping/deramping. The market is waiting for an RNS and that is the only reason the share has not risen this week. The percentage in sticky money in the company is rising with those that have sold not being able to get in again at the price they wanted (hint hint). The impatient are being replaced by the patient as we move closer to drill. Too much going for it. Less shares of rocketed with less upside. Watch this space- massive weeks ahead!!!!

[moonwizz] 30/9/2016 16:39

Or 2.38 now, they don't always have share price in right place re bid and ask on PXOG

[moonwizz] 30/9/2016 16:33

Nice close at 2.4

[soulsauce] 30/9/2016 16:24

maytrees bodes well, consolidated nicely and now the chart is looking like it now might make another fist at 3p.

[maytrees] 30/9/2016 16:23

Late rush of buying just b4 the close - news maybe Monday or next week?

[just_banter] 30/9/2016 07:11

No RNS. Missed the deadline they gave the market!!

[just_banter] 29/9/2016 20:20

Let hope there a RNS tomorrow. Pxog inform the market licence news due end of month.

Expect a fall if no news tomorrow.

[soulsauce] 29/9/2016 19:12

Good to see you still here chaps.

[ileeman] 29/9/2016 19:08

Consildation for a bit to clear the weak then next leg up.

[potential] 29/9/2016 18:50

Consolidation is what we want. DT don't worry the real holders, news on the drill will be out within days IMO, these prices will look very silly then and we all know that. Topped up a further 700k !!

[effiert] 29/9/2016 17:52

well i took another 1m today and yes i was calling 4p which was 0.1p away

[cinques] 29/9/2016 17:16

I think there will be another good move up in Q4/16.

There has been some really chunky buying the past few days - makes me think a small II is involved.

[ccr1958] 29/9/2016 15:46

cinques, of course it will, this is just the beginning !! Vol 19m so far, not too shabby !!!!

[cinques] 29/9/2016 14:54

It will pick up again.

[ccr1958] 29/9/2016 11:46

Morning , I am still here, think a few might have gone else where for the time being ;) volume dropped off but was to be expected, mad few days !!

[soulsauce] 29/9/2016 09:53

Where has everyone gone?

Edging back up nicely.

[soulsauce] 29/9/2016 08:19

Still well in demand by the looks of things ;-)