Prospex Oil And Gas Share Discussion Threads

[123trev] 03/12/2017 18:26

A little worried well less than a 100 posts on Lse and Tony probably responsible for 50% of them thought they would be a 1000 at least by now! I’m not saying Tony is ramping this but he does say that Twitter,Lse and adfvn is full of excitement,lol,guess he’s talking about you Zed.

[zed250] 03/12/2017 16:27

Looking good potential trade on to over 1p if you be quick, well that's what the feeling is reading twitter LSE and seeing confidence back in the share price

[petebarnes1] 03/12/2017 14:08

looking very nicce for a double up week

[jamdan1] 03/12/2017 10:20

Should be another good week next week. Currently valued at around 6million mcap having just confirmed a gas strike generating 2m in revenue each year 1500m from pipeline bring it to market very economically.Recent 4million purchase by director half way through second drill in Italy with a proven gas field. Other companies like Angus are valued at 40 million with far less production. This can easily be seen to be very very undervalued.

[keya5000] 02/12/2017 20:30

123trev I don't even have you on the scale to rate fella, so I guess that evens things up.

[ccr1958] 02/12/2017 13:31

zed, I have been in here c18months, I was in when it went to 3p made a few quid ,bought back in and had to average down considerably to make my next profit .. I sold Last Monday bought back in the week ,then sold and bought back yesterday ...So doing OK but been hard work as Market has not been generous of late ... The reason I bought back yesterday was because there was no selloff just a bit of profit taking ,be closer to 1p than 0.70p Monday imo... Long overdue rerate hopefully !!

[zed250] 02/12/2017 09:54

CCR1958 a nice post i just read on LSE what you think seems bullish can this go up big?


TonyBelvore

all about confidence in the stock, it's back, it's been suppressed depressed and held down everytime for over 6 weeks even after many buys, TR-1 holder never gave confidence romania strike never gave confidence, italy drill expecting TD a week earlier never gave confidence! The market was convinced another raise was coming after 2 in quick succession so it never gave pxog anything other then depressed downward pressure, but ever since the BOD has bought the market has realised no placing until 2018 and it has corrected its stance on pxog and given it that confidence back, now the mms know they can spike this high without fear of being held by dilution. That's the Summary that folks need to understand the confidence has return and my word Pxog with confidence is amongst the best movers you can ever witness in a short space of time. Confidence is back and we only saw a hint on friday how it broke major resistance!

[ccr1958] 02/12/2017 08:18

Yes , very strong finish, sells yes but no sell off, very Bullish and not before time ..looks like a rerate at last !!!

[keya5000] 01/12/2017 22:33

I will mate....

[westmoreland lad] 01/12/2017 22:31

Keya -- happy days here next week, plus some of our others !!

Enjoy

[ccr1958] 01/12/2017 19:09

Poor old tidy always late to the party !!

[ravin146] 01/12/2017 18:13

UOG is also rising, new ipo, low market cap...may be a crazy week next week for both PXOG and UOG!

[pre] 01/12/2017 17:51

well 7 million delayed buy at 16.25...very interesting...wonder if its another director buy? Looking forward to news her next week:-)

[ccr1958] 01/12/2017 17:05

It will fly on opening Monday ,its been held back for a year !!!

[123trev] 01/12/2017 16:58

The real question to ponder over the weekend is just how far are they going to let this one go ? Always the million dollar question when to sell!

[ccr1958] 01/12/2017 16:47

LMDP...Comedy and I been in this for a while buddy ,we straight shooters ;)

[falia] 01/12/2017 16:28

GREAT FINISH

[pre] 01/12/2017 16:07

Great post stonefold...makes the current mkt cap look silly based upon Italy alone...looking forward to news in next couple of days:-)

StoneFold1 Dec '17 - 14:10 - 2727 of 2733 1 0
Prospex Oil and Gas PLC PXOG
Based on 1,013,593,136 shares in issue.

Additional to my previous valuation.

Stage One.. Italy ..Selva.. Podere Maiar-1d appraisal/redevelopment well
Targeting Gross contingent resources (2C) of 17 Bcf.
PXOG 17% working interest.

Drill reached 500m on 30-11-2017 now proceeding on to target depth of 1,300m
Operator believes target depth is expected to be reached in approximately 6-8 days. (about 7th December)

Estimated cost of sales 30%

A successful well would IMO add 1.1 pence per share to the valuation.



Stage Two .. 3 Other Italian exploration prospects
PXOG 17% working interest

East Selva Estimated 35 Bcf recoverable prospective resource

Fondo Perino Estimated 14 Bcf recoverable prospective resource

Cembalina, estimated 3.3 Bcf recoverable prospective resource


Allowing for cost of 3D seismic and drilling 4 exploration wells
Estimated cost of sales 30%

Four Successful wells would IMO add 2.98 pence per share


Total additional value of Italy IMO 4.08 pence per share

[le mass du pap] 01/12/2017 16:00

"folk are so obvious"

Yes, the pair of you are, lol ;o))

[ccr1958] 01/12/2017 15:25

And you , have a good weekend !!

[comedy] 01/12/2017 15:14

catch up next week..leaving bb to pumpers at mo:) dont get caught with dump. sleep safely. :)