Prospex Oil And Gas Share Discussion Threads

[blueblood] 13/12/2016 16:00

It's a transfer between connected companies at cost dyor!

[cfro] 13/12/2016 15:23

Andy,

I do not wish to engage in an argument with you. We will simply have to agree to disagree. I have been invested in many similar situations, over many years, and the majority do not issue statements in the manner PXOG has today.

I, personally find it very encouraging and i get the feeling that they will want to update shareholders 'if' they have any note-worthy news 'before' the TD of the drill has been reached.

[loveandmoney1] 13/12/2016 12:32

doubt it will cause much buying today.

ppl still getting their head round the 300 grand for 20% .........

takes abit of chewing to digest that.

I think a lot of the newbies buying around2-3p didn't even realise pxog only paid 600 grand for 40%.

[ayesha4] 13/12/2016 12:26

Podcast on Vox

[soulsauce] 13/12/2016 10:38

LOL you back in COPL then effiert ;-)

[effiert] 13/12/2016 10:37

COPL kicking off.. Oil shows already?

[andy] 13/12/2016 10:35

cfro,

Then I suggest you read more RNS!

I can assure you that is standard stuff, and if you don't believe me ring your broker and ask him.

Ask yourself, what else can they do? They can't issue an update until it is appropriate can they? In order to do that they would need the drill result.

Or are you suggesting they already have it and are withholding it from the market?

[cfro] 13/12/2016 10:32

Andy,

Im sorry i disagree with your statement. In my experience it definitely is not standard practice to issue an RNS using the words ....update as and when appropriate..

[ayesha4] 13/12/2016 10:28

Dont buy mate. Just watch. I dont deal with homemade.

[loveandmoney1] 13/12/2016 10:19

so the sauce is homemade?

[ayesha4] 13/12/2016 10:13

The whole thing. Its risky but at 2p I think its worth it. They have spent a lot of money buying stuff assuming success.

[loveandmoney1] 13/12/2016 09:47

ay?

whats your sauce?

[soulsauce] 13/12/2016 09:40

Interesting, where did you get that Ayesha. The whole of Huttons holding or the whole including PXOG's?

It would make sense for PXOG to get a nice pay day for Kolo if they have identified bigger fish to fry.

[ayesha4] 13/12/2016 09:35

The information I have just obtained is that Gulf have bought in and will be looking to take the whole project if successful. Took the opportunity to add further to position.

[soulsauce] 13/12/2016 09:23

Vauch Hutton sold 40% of their holding. 40% of 51% is 20.2%

Indeed l&m GL all.

[loveandmoney1] 13/12/2016 09:20

everyone has deriked by now id have thought.

were now in punt land.all or nothing.gl

[vauch] 13/12/2016 09:17

Odd numbers though hutton sold 40% to Grand Gulf Energy Limited and now grand energy have 20.2% are my sums wrong or is that what it says

[soulsauce] 13/12/2016 09:16

I think some people have seen this as negative with Hutton de-risking but Gulf are a related party and have much deeper pockets than Hutton if success happens and I am sure will also want to be in on any expansion of Kolo alongside PXOG.

Doesn't change anything for us, we still have 49% and if successful we are in the money alongside a stronger partner - happy days.

[andy] 13/12/2016 09:15

cfro,

That is just standard text in an RNS, nothing more.

[ccr1958] 13/12/2016 09:06

Hmmm strange move , Hutton de risking I suppose !!

[cfro] 13/12/2016 09:06

Sp reaction is quite extraordinary really given the regular (and positive) updates.

I also found this bit interesting in todays RNS......"we look forward to providing further updates on the well's progress as and when it is appropriate."


That insinuates to me that we could get updates before the TD date of 28 days.

[maytrees] 13/12/2016 09:01

Good morning

Down again though - still a small buying opp which I took again.

[loveandmoney1] 13/12/2016 07:54

I quite like the sound of that RNS now....

[loveandmoney1] 13/12/2016 07:52

yes my mistake.too early!delete.

[soulsauce] 13/12/2016 07:46

Why? Our 49% is unchanged.