Rift Oil Share Discussion Threads

[tim00] 08/12/2009 19:13

IGS wasn't prepared to waste his cash on TPJ, the company is now finished.

[ihavenoclue] 08/12/2009 11:44

treborbob ... LOL you clueless muppet ... read the top .. they got bought out

[treborbob] 08/12/2009 11:17

Have these gone skint or what ?

[bigdog5] 05/12/2009 23:15

tim, GKP are entitled currently to 27.5% of the Shaiken 1 well with possibly another 5% to add to it. The current thinking is that £3-£4 will only cover the current success. There are three other licences with one being (we hope) a continuation of Shaiken 1.

There are of course the Political issues but when there is a find of that size i would suggest it will concentrate even the most awkward of minds.

[tim00] 05/12/2009 17:10

PCI, AFE and all the other tips being discussed pale in significance imo compared with GKP. The very best investments are explorers like Cairn that find humungous amounts of oil, GKP is in this category - except that as I understand it, GKP has discovered far more oil than Cairn has (though GKP's share of oil discovered is only about 30% and it only gets a few dollars per barrel). These shares don't come along very often and need to be fully exploited by investors when they do. In terms of newsflow, there are no negatives on the immediate horizon, and should GKP arrange a sale of some of its interests to a major like Exxon, BP or Shell to fund next year's exploration, the share price should rise sharply. Should the politics be sorted out next year, a takeover at around £3-4 per share looks guaranteed. The other point to bear in mind is that the share is highly liquid: it's easy to sell a large holding, unlike most small companies where any sizeable investment is likely to become stuck.

[bigdog5] 02/12/2009 13:10

There is absolutely no doubt in that griff, many of us said it at the time, i believe we were stitched up by a management that looked after themselves, their agenda and their interests and not shareholders.

I didnt make the huge amount from Rift that i expected however it taught me a lot and additionally that large assets under the control of incompetents who spend more time on their bragging skills than on their negotiating skills are a waste. I was never impressed by the management and their actions always left me doubting their intentions and querying their logic. I just thought that our assets would when the time came "speak for themselves" but i was wrong.

However i have used the gains from here well.

I gave IGS the benefit of the doubt but called it wrong. But that only now reinforces my belief that a company is all about Management, Management, Management. Then if they have good assets, sufficient funds, an easy to get to market, in a safe country with reasonable tax regimes they should do well.

[griff2711] 02/12/2009 11:21

anyone cared to look at interoils latest test results in PNG. Confirmation we were sold to cheap in my eyes..

InterOil Corporation
(NYSE: IOC) (POMSoX: IOC) today announced that its Antelope-2 well flowed at 705million
cubic feet of natural gas per day (MMCFD) including 11,200barrels of condensate per day (BCPD)
for a total 129,000barrels of oil equivalent per day (BOEPD). The surface flowing tubing pressure
was1,258 psi through a 6.0inchcapacity choke that was opened to 4 3/8 inches.
The Antelope field confirms Papua New Guineaas a world class gas resource base in close
proximity to the largest and most well developed LNG market in the world. The Antelope-2and
previous wells, have confirmed over 1.2 Bcf/dof productivecapacity.

[p3dr036] 30/11/2009 14:38

Greetings all!

Just been having a read - for old time's sake.

No mention of Medusa Mining???? Up x 2.73 [from 84 to 230p today] since I bought and it's ISA-able. Was a good place to invest me thinks!

Good luck all

Peter

[bengee] 27/11/2009 19:42

I think the Falkland Oilers will make a few quid next year, RKH + BOR are my picks,plus GKP in Kurdistan, I also have SKR, the phosphate miner in Kurdistan.
BPC is my wild card, might come good in a couple o' years, who knows !
All my Rift money went in to these + RENE,OXB and that lead balloon ICX.
I've since got rid of rene & oxb, never to return to stem cell or biotech co's again .... EVER !!
Fingers,toes crossed an all that.
Bengee

[offerman] 27/11/2009 18:09

Hyper, its that if only prerogative!!

The amount of times i have said that to.

I sold all my gkp as you know and put in to 2 other very good investments imho.

PCI will see you good as well hyper.

If you can hold for a year or so as we did and more with rift, i think the returns will be far great than we had with rift and a decent return beckons.

[bengee] 27/11/2009 16:35

Hello oot there !
Anybody seen this video about Gulf Keystone ( GKP )



I almost had an orgasm after listening to that news !
Forget about icx & the biotechs,this one could make us all happy & rich.

Good luck with your present & future investments
Bengee

[lgw] 27/11/2009 16:32

Hi guys been away from pc for a few days 2000 posts on SEA to catch up on so no chance.. can anyone tell me what is going on over there?
Good to see GKP recovering I am still holding and bought a small amount more at 110 and 104(should have waited) I now feel the same with GKP as I did when I put all my funds in rift.. it's a case of WHEN it will take off again not IF.
Goo very dissapointing.

[offerman] 25/11/2009 18:07

. just read article!! OMG poor man!

[peteh1] 24/11/2009 21:39

Ex Rifter but do not post that often.I know some of you are/have been in GKP.The latest RNS is excellent but the share price has dropped back after drill hit total depth.Give it another look and see what you think.

[offerman] 24/11/2009 16:35

Hi Hyper, OMG whats happened to Rift? :-)

Hope same happens to PCI.

B.D, Patience, as we all did with rift but this would be a much bigger takeout if we went down that route.


Hyper, agree about Gas Prices, that will definitely make us move north if they rise.