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[sparty1] 19/4/2010 11:37

Not ticked up yet but buying at 4p now at the top of the range so...
Last L2 buy on lse 200K @ 4p

[martinfrench] 19/4/2010 07:38

up over 8% in oz so maybe a slight rise this morning

[bedwetter82] 17/4/2010 18:26

freefall3? does exactly what is says on the tin when types.
Another parasite to add to the list of filtered

[alistair4444] 17/4/2010 13:15

Header on the Solo Oil thread reads 06/03/10 - If you value your sanity, filter and ignore poster alias PWhite73, newly arrived deramper ex-the RRL thread

[steelwatch] 17/4/2010 12:32

JRVS eh? Got derailed did we?

[pwhite73] 17/4/2010 11:57

1waving - 17 Apr'10 - 11:27 - 9215 of 9218

"PWhite73 -- I bought around 16:15 at 3.72. Suspect many trades around 3.7 were buys in the last hour in particular."

Well if you and others were buying small amounts at 3.72 then the trade of 980k at 3.65 can only be a sell.

[pwhite73] 17/4/2010 11:51

freefall3

I have done a check on ADVFN news monitor and this appears to be your first post in the last two weeks. Therefore I suspect you are not genuine or simply a person who rarely posts. Please direct me to another thread you have posted on.

Thanks

[steelwatch] 17/4/2010 11:37

Witless Whitey comes in a variety of disguises all prone to patting oneanother on the back.

[jathomas] 17/4/2010 11:28

freefal lol

[1waving] 17/4/2010 11:27

PWhite73 -- I bought around 16:15 at 3.72. Suspect many trades around 3.7 were buys in the last hour in particular.

[freefall3] 17/4/2010 11:24

PWhite could you expand on the other non-existent projects. I am already aware that the deal with Puntland is worthless as Somalia still own all the mineral and oil rights in Puntland. The Puntland authorities played a blinder and sold what they didn't own, are there any other howlers you have discovered.

Look forward to your reply as you appear to be one of the few posters on this thread that are well informed.

[pwhite73] 17/4/2010 10:49

That trade of 980,667 at 3.65 was a sell from earlier. People were buying between 3.81-3.85 at 16:18, 16:19 and 16:26. People were selling between 3.715 and 3.72 from 15:50 onwards. There was an earlier big sell of 500k for 3.66 at 15:34.

Major shareholders are dumping the stock as the true story of Smith and the other
non-existent projects begin to unfold.

[dawsonpaul] 17/4/2010 06:30

1m buy on + at the close.

[davethechef] 17/4/2010 00:03

Interesting, scan down artice to Production stimulation

[alistair4444] 16/4/2010 16:34

Thanks everyone for all your informative posts this week on Range, enjoy your weekend unless your flying big delay there Im afraid.

[captainnelsonforties] 16/4/2010 16:04

Fairdeal,

Well its hard to guess that one, its more unpredicable and the summer months in the US isn't really the best time as its out of the cyclical high season over the winter. With the US recovery and the increased industrial demand I don't see it going very much lower but I see it staying wider than it did when oil rallied up to $147 and gas basically followed suit. I could see gas picking up around September/Novermber time. What your view of the Henry hub price over the next 6 months?

Captain Nelson Forties

[martinfrench] 16/4/2010 15:50

added another 65k just take me over the 200k level, good luck to all, i think news early next week. it must be overdue?

[three days] 16/4/2010 15:45

It's just one month today since we started production - should have put 1p on the stock by now.

[fairdeal2008] 16/4/2010 13:09

CNF - where do you think the gas prices will head to>?

[pottingon] 16/4/2010 13:03

Aft'noon Cpt'
Thank 4 reply
Yes the extra Oil under the door mat was a nice surprise
I recently removed the initial stake, left profits
Used it to invest in the son of Rift
I think New Zealand is a nice safe politically stable
Place 2 B
I looked at your latest, hence my comments
Agree re ownership but it is heavy oil
And location was EEN's fly in the ointment
I do have a lot of other investments Where I don't
Post. Re in O/g. vog, blvn, cop, gpx + bits N bobs
Elsewhere + non O/g Tomatoes Etc+ Need Those
Brain stem cells urgently
Here at RRL I think is possibly my best multybag
Given time N political shenanigans onshore+ off
So much potential.
+Errr Gkp
But that's another story.
Potts.

[monkey puzzle] 16/4/2010 11:29

Thanks mate

[dawsonpaul] 16/4/2010 11:21

Monkey, I've added the link to the header.

[captainnelsonforties] 16/4/2010 10:34

Cash,

Forgot about Tinman another example, its freakish the % of companies that have similar issues. Hopefully you'll get something back from that one. Very true the price of oil and gas at the moment will be helping cash flow from Smith-1 especially the poo. Smith-2 will hopefully help to boost this further and it's gonna kick off drilling near term. Once those independents finish the report we'll see the details of that one too. I think its possibly some of the RI folks taking a quick lift of a tiny gain. Most folks in this game are impatient, if its not gaining 20% a day its got to go. lol On some if you sit it out you'll make more than trying to second guess news. Personally I wouldn't like to try and get out and in before Smith-2 RNS. But thats just a few of us die hards that are left in. ;)

MP thanks for the post, it does make interesting reading, imo oil is heading for $100 much sooner than it is $60. High $80's is just peachy too though.

Captain Nelson Forties

[pcolman1] 16/4/2010 10:25

One to look at in Canada and ISAble is Katanga Mining, KAT.

Up about 65% in the last week.

[monkey puzzle] 16/4/2010 09:53

fyi.....

Demand for oil to outstrip supply within two years

Paul Syvret From: The Courier-Mail April 16, 2010 7:54AM Increase Text Size

US military predicts "energy crunch"

Shortage of refining capacity, engineers

Demand could outstrip supply by 2012

RISING oil prices pose a grave threat to global economic recovery, according to some experts.

The fear has been expressed by the US military and by the automobile industry.

This week in Perth, Volvo's head of product planning, Lex Kerssemakers, said "we all know that oil is running out''.

"We need to find alternative solutions and though we are aware of the alternatives - LPG, CNG, ethanol, electric and so on - we have to introduce these to the market,'' he said.

"If we don't do it now, we won't be ready in five years when oil may be prohibitively expensive.''

Mr Kerssemakers said Volvo would have an eelctric car on the world market in 2012 that would use less than 1.5 litres/100km of fuel - about one-tenth of that used by a current V8-engined sedan.

Volvo is not alone in the race to produce more fuel-efficient vehicles - all car companies are either developing alternative engined or fuelled vehicles by themselves or in partnership with other car companies that, in many cases, were once their fierce rivals.

The US military this week warned the world faces a "severe energy crunch" and looming oil shortages.

According to a Joint Operating Environment report from the US Joint Forces Command, "a severe energy crunch is inevitable without a massive expansion of production and refining capacity".

The report says the central problem for the coming decade "will not be a lack of petroleum reserves, but rather a shortage of drilling platforms, engineers and refining capacity".

And it warns: "Even were a concerted effort begun today to repair that shortage, it would be 10 years before production could catch up with expected demand."

More ominously, the military predicts a "Peak Oil" scenario - where demand outstrips the world's supply capacity - as soon as 2012.

"By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels a day."

Current oil demand is about 86 million barrels a day.

The repercussions of Peak Oil have potentially grave consequences both economically and militarily.

On the military front the USFC notes that already Chinese "civilians" are in the Sudan guarding oil pipelines to protect supply, and that this "could portend a future in which other states intervene in Africa to protect scarce resources".

"The implications for future conflict are ominous, if energy supplies cannot keep up with demand and should states see the need to militarily secure dwindling energy resources," the report says.

"While it is difficult to predict precisely what economic, political and strategic effects such a shortfall might produce, it surely would reduce the prospects for growth in the developing and developed worlds.

"Such an economic slowdown would exacerbate other unresolved tensions, push fragile and failing states further down the path toward collapse, and perhaps have serious economic impact on both China and India. At best, it would lead to periods of harsh economic adjustment."

Energy will be king in the coming decades, and we must exploit our (bountiful) resources wisely, while preparing ourselves for much higher prices and potentially lower domestic economic activity (aside from coal and LNG exports).

Peak Oil is not some myth. It is a very simple equation based on supply and demand related to a very finite resource.

And it could arrive sooner rather than later.