Prospex Oil And Gas Share Discussion Threads

[vauch] 22/4/2020 11:08

Yep Ant.
I took a mill yesterday and 1.53 mill today
have another check to clear and will be in for another 3 mill on Friday.
Until covid is over or a proven vaccine is available oil will be at rock bottom and will take a good few months to get going again.
But Gas is in need work or no work we all have to cook and heat homes.

[ant15] 22/4/2020 11:00

Taken a while for this to start back Vauch patience will be rewarded in plenty as the announcements start.

[vauch] 22/4/2020 10:36

Gas is the place to be that's for sure

[kibes] 09/4/2020 16:21

People selling at 0.05p when the offer price is 0.08p and the stock market is screaming ahead what is wrong with you people? You have been diddled.

[blueblood] 22/3/2020 11:04

Problem here is we are in Italy & Spain. Good job we have cash though as we go into hibernation.

[ant15] 20/3/2020 22:08

Kibes yes I bought in. Stay in companies that dont need to raise cash....CHAR I am pushing but whilst it hasnt delivered it is cashed up with tremendous upside potential

[broad] 19/3/2020 19:55

bought more at 0.055

[kibes] 19/3/2020 14:53

Anyone buying this at 0.06p?

[ant15] 18/3/2020 06:27

Thanks MarketAnalyst This would be and should be an opportunity for PXOG to announce that it notes the above although it is not price sensitive information and the detail is already known.

[ant15] 17/3/2020 16:03

Marketanalyst one of the major problems with sub 1p shareprice companies is that they tend to lurch form one announcement to another leaving holders perplexed as to when and what to expect. PXOG is no different The BOD have made lots of positive noises and must have made shovel loads more to get their placing away...BUT...there is only a very provisional timetable of events through 2020 and shareholders at this level want news flow, it is as simple as that...NAV's matter not and of course one should never forget the massive impact of all other news at present. Patience is best applied here and if as we are told and believe the company is on the verge of trans formational growth then this is a true buying opportunity.

[kibes] 17/3/2020 08:25

Vauch - many companies are going to go bust as a result of the restrictions on movement imposed by governments. This is certainly going to cause a serious recession with financial impact just as bad as 2008 in my opinion. If airlines are shut down how can business function at all? The FTSE bottomed out at around 3500 in 2009.

[vauch] 16/3/2020 18:10

If the numbers you are hoping for came to reality then we will be in a serious recession for all country's
I cant believe we are all so scared of this virus we have had other serious diseases
in the past 30 years and maybe we did not have the press hysteria back then.
Well it will open so many opportunity's

[kibes] 16/3/2020 18:05

marketanalyst - thanks good post. I am already long and feeling rather uncomfortable about it however I agree with you this is an unusual opportunity. I do intend to buy some more but I shall wait until the DOW/FTSE seem to have bottomed out. Right now I think the DOW at 21,000 is way too high for the current coronavirus situation as is the FTSE at 5100. DOW 15,000 and FTSE 3500 would seem more realistic to me. Those levels would no doubt massacre the PXOG price even further.

[marketanalyst1] 13/3/2020 19:34

Kibes, 4 weeks ago (on February 12, 2020), PXOG was changing hands at 0.16p per share. Today, they closed at 0.08p per share.

Question; What has changed in the last 4 weeks?

It’s definitely not a shrinking cash balance.

COVID-19 and an oil price war is what has changed.

[kibes] 13/3/2020 15:24

marketanalyst - yes they are cheap but that is because people think they will run out of cash. Any thoughts on that?

[blueblood] 23/2/2020 14:28

Kn*bhead alert this is the start of a big move up as production and revenues ramp up in 2020.

[texaschaser] 23/2/2020 13:29

I think this will tank.

[texaschaser] 22/2/2020 08:45

LOLS. Poorhouse share.

[ant15] 18/2/2020 22:26

blueblood lets hope so adding Ant

[blueblood] 18/2/2020 11:30

Selva final confirmation for production in Q2 will be transformational.

[marvelman] 12/2/2020 16:28

Unable to buy in size. Added earlier.

[ant15] 11/2/2020 21:24

Agreed Stig and as above don't forget CHAR both hold real opportunities