Prospex Oil And Gas Share Discussion Threads

[maytrees] 16/12/2016 10:03

Good morning

Certainly a good deal of interest so far.
Possibly those who sold out earlier or shorters buying back in as the drill commencement is not new news?

[9tintin] 16/12/2016 09:10

Wow, have we woken up ?

Not long to go now to drill result.

Happy New year,,,,,,,,:))

tintin

[ccr1958] 16/12/2016 09:06

yes buyers back ...no predictions !!!!!

[ayesha4] 16/12/2016 08:59

Added a fewNot happy having bought in at 3p but should have some news next weekSuccess equals 6-10p

[potential] 16/12/2016 08:44

Mr 250k is back he's piling up and the last time that happens we hit 3p :)

[potential] 16/12/2016 08:38

Bought a further 250k this morning!!

[maytrees] 15/12/2016 20:58

Gas apologies!

[broad] 15/12/2016 17:59

[.[...]

[...]

[stonefold] 15/12/2016 17:50

They are not drilling for oil.

[maytrees] 15/12/2016 13:54

FWIW ayesha4 copied and pasted below is a post I made earlier on the COPL thread

"Good morning all

Interesting as a PI holder in both COPL and PXOG where both cos are in oil drilling, I see that the SPs of both cos are falling fairly regularly.

IMHO this is more the way the market operates in C21 than a reflection of either co's chances of having success in their oil drills.

IE investors move on very much more quickly today than b4.

DYOR"

[potential] 15/12/2016 11:34

Just bought a further 200k takes my holdings to 2.5m very happy with that:)

[maytrees] 15/12/2016 10:56

Good many buys so far this morning.

[ccr1958] 14/12/2016 17:08

They have only just spudded buy I must say I expected it to be over 3p at this stage !!

[maytrees] 14/12/2016 15:46

Puzzling the share price fall. The drill results cannot be known yet.
Possible buying opp - for me anyway but dyor.

[113mike] 14/12/2016 15:44

Not looking good is it?

[ayesha4] 14/12/2016 15:06

Beginning to turn into a bit of a dog

[broad] 14/12/2016 10:51

Elephant Oil £100,000
MOl £52,088
OMV £48,030

[ccr1958] 14/12/2016 09:50

Am I right in thinking pxog own shares in MOL ?

[westmoreland lad] 13/12/2016 20:48

Hey up Blue -- strange! some oil stocks that should be up and flying aren't, here especially. Ho Hum, I'll keep adding whilst the for sale sign is up.

[blueblood] 13/12/2016 20:37

As I said DYOR....

[broad] 13/12/2016 19:14

Doc Holiday




11:42

13 Dec




Following



As I see it, the news today shows a transfer of equity in the asset from one company to another however the common denominator is both vehichles / companies are controlled by the same individuals which you can see here:
Charles Morgan can be seen as a director of both and also Craig (Ian) Burton as a co director and majority shareholder in Grand Gulf

hxxp://grandgulfenergy.com/wp-content/uploads/2016/10/161027-Sept-16-Quarterly-Activities-and-Cashflow-Amended.pdf


Copy and paste / click the links to show that the two are related thus they are shifting the equity from one controlled business to another whilst maintaining the same risk and stake in the asset (well). This perhaps isn’t clear in the announcement as often corporate don’t think about the poor retail punter however this is my understanding of things. Is it for Tax purposes or to avoid moving funds from one vehicle to another (remains to be known) could be an explanation, what we do know is the same people carry the same risk and all expect the same outcome based on the CPR which is the COS (chance of success) remains unchanged
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[andy] 13/12/2016 16:13

cfro,

If that statement was so positive why is the shareprice still falling?

Both of those statements were issued today! The other one is from LGO, what's the difference in terms of meaning and content?

-------

"We look forward to providing further updates on the well's progress as and when it is appropriate to do so."

"Further updates on the drilling will be provided in due course"