Prospex Oil And Gas Share Discussion Threads

[comedy] 25/9/2017 13:59

think we will get another slingshot up to another level..and will moan they didnt top up!

[comedy] 25/9/2017 13:58

well bought another 500k just now..time to buy is now..not whne over 0.6p and cant buy volume...buy low sell high???

[ileeman] 25/9/2017 10:02

Yea they love dropping it on relatively small amounts but when they drop the ask you cant buy quantity.

Profit takers again at 0.6p I would imagine it breaks very soon. Silly time to be selling considering drill is confirmed to be taking place in short term by operator.

That makes it the only drill sub £10million cap in the near term. AAOG and MATD both messed up so they are out the picture.

[comedy] 25/9/2017 09:49

took 4 lots of 250k to top up another 1mill...couldnt buy 1 mill in a oner

[ileeman] 25/9/2017 08:59

Drill confirmed in short term, chart getting close to breaking major resistance.


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[luckymouse] 23/9/2017 13:45

HappyStone - they is having a punt same as wot we is - you iz prob they anyway lol

[zed250] 23/9/2017 11:29

Big 8% holder RNS announced

[ileeman] 23/9/2017 10:31

Why would anyone take a short out basically on all time lows after they got funding sorted. Only thing I can think of is they hold a long position and are hedging their bet.

More shares to buy back when this rises closer to 1p.

[leonsito] 22/9/2017 15:50

The high of 11 Sept was 0.46 lol that short is closed long ago I'm sure

[stonefold] 22/9/2017 14:23

Short opened 11-09-2017

Trium Capital Managers LTD PROSPEX OIL AND GAS PLC GB00BW4NPC58 0.66 %

[ileeman] 22/9/2017 10:12

Breaking resistance, should go far over coming days.


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[comedy] 21/9/2017 14:02

15mill sell put up..is that the overhang finishing???

[stonefold] 21/9/2017 12:38

When pressed in a recent interview the CEO stated that they had a figure for probability of success for the drill, but that it was for internal use and he did not wish to disclose it.

Those interested in the probability of success and time it takes to drill and test similar wells should have a look at RPT = Regal Petroleum's news archive.

A number of wells were drilled in the Suceava and neighbouring Barlad licences, with mixed outcomes.

There you will see information on the 2005 drilling of the SE-1 well, (that PXOG might recomplete).

And of particular relevance a well targeting the same geological structure (the Sarmatian formation) though in the adjacent Barlad Concession.


17-10-2007

".......These prospects are supported by seismic amplitudes and have been assessed by the Company as having geological probability of success of approximately 30%.......... "

"...Regal's 2005 SE-1 well which identified a sub-economic accumulation of gas in the Sarmatian formation...."

-

Whilst there is not a CPR for the PXOG drill, there is a Competent Person's Report dated 12-01-2016 for the Suceava, Bobocu and Jimbolia blocks, this was before Zeta Petroleum gave up its interests.

Bobocu had 5 gas prospects with POS from 13 to 28%.
No drilling prospects were considered in this CPR for the other two blocks.



Suceava block:
36 wells drilled, of which only 3 producing small volumes of gas, 1 possible of producing small gas volumes and requires further testing and completion and resolution of land access issues.

Climauti field has 2 producing wells: Climauti 1 and Ruda 1 to Bilca gas plant. total production = 0.2 mm cu ft d
Dornesti Sud field has 1 producing well:Dornesti Sud 1 to an electricity generator. prod = 1.12 MW limited by generator (could do 0.9 mm cu ft d)
SE-1 not yet completed. short test approx. 1.2 mm cu ft d

The CPR also has information for calculating revenue from gas sales.

(PXOG does not have an interest in the producing wells)


Despite taking a number of years to study and drill the area, RPT sold all their Romanian licence interests (make of that what you will).


DYOR on the probability of success, the economics of development and realistic outcomes for the share price.

[ileeman] 21/9/2017 11:37

Trying to break above major resistance.

Maybe it takes until next week to break but I dont see why it doesnt with drill coming up.


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[karmastuartra] 20/9/2017 22:07

What a pile of poo!

[fission453] 20/9/2017 13:28

mia you pump merchant!!!!

[miahkaysor] 20/9/2017 12:44

Massive corrections about to happen!!!!!

[miahkaysor] 20/9/2017 12:40

then no resistance till 2.75p!!!

[miahkaysor] 20/9/2017 12:39

1p soon!!!!!

[ileeman] 20/9/2017 08:55

Nice cup and handle breakout.

[ileeman] 20/9/2017 08:54

Great move yesterday and nice breakout. Expect it will come down and test 0.55p give or take a few then we will see the real move.


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[ccr1958] 20/9/2017 05:45

Yes zed ,when they drop rapidly ,the reverse is nice to savour !!

[zed250] 19/9/2017 21:03

No resistance upto 1p now chart wise

[nick rubens] 19/9/2017 15:25

Anyone know when the drill bit should start? Can't be too long ahead knowing how quick PXOG tends to move.