Rift Oil Share Discussion Threads

[lgw] 29/2/2012 11:19

Hi guys, I will take on board all the tips on here but fully invested in GKP still. Kept all my rrr but sold out of mta before the recent drops. GKP is now about 99% of my portfolio but I am not selling until takeover.
Do not see many rifters on the gkp threads but offerman has been posting there recently. GLA

[p3dr036] 28/2/2012 09:17

Cheers, offerman

[offerman] 28/2/2012 09:15

Hi P3dr036, Rift CEO and wife went to Key Petroleum, drilling off N.Z somewhere for gas, haven`t had success so far but there s,p is rising again (Not invested there as i`m 98% in PCI 2% MTA.)

Don`t know what happened to Rift`s acreage.

A.T.B

OM

[fidra] 28/2/2012 09:14

just popped in to say hi Al

[p3dr036] 28/2/2012 09:00

Here's another pop-in from an ex Rifter!

I've no idea what has happened to RIFT's acerage in PNG. At the time they were bought out, RIFT's intention was to drill out - pipe the gas to the coast and link to an off-shore LPG production & storgage vessel [being built by Mitsubishi] and deliver the LPG from there. Obviously that was years and $$$$'s into the future, but the idea seemed clear.

Since RIFT was taken over I've kept an eye out but I can't recall seeing anything to say that the "RIFT" plan was any nearer to fruition. Has anyone on here got any more news?

Also what happened to the CEO & her husband? Did they continue working in PNG or go back to the interests in NZ??

Good luck to all ex-Rifters. We meet now and again on other threads

regards
Peter [p3dr036]

[offerman] 27/2/2012 17:26

Hi Peter,

Nice to hear from you and hope the market has served you well.

[petercrosby] 27/2/2012 17:25

Good to see you are keeping this thread alive

like it!

[excellance] 23/2/2012 09:24

RMP update today!

[excellance] 17/2/2012 10:28

take a look at RMP...

[offerman] 17/2/2012 10:27

Get in to PCI guys, Seismic starting on BLOCK IN KURDISTAN NEXT TO GKP SHAIKAN LICENCE!!

Estimates are for 500mbo - 1bbo from each block. PCI have 20% in 2 blocks.SHAIKAN 10BBO Aprox.

2nd F.O for Algerian massive condensate will be soon and worth much more than ENEL`s 18% stake. Field size 2.5TCF - 5TCF RECOVERABLE 2nd F.O should be in the region of 250/300Million $

Rovasenda F.O soon then drill for 250MBO.

PCI have 75M$ in the bank, another 40-45m$ on the way as bonus payment for field size.

NOW WITH CURRENT S.P OF 8.4p Do your own Maths and research, all my above is just a guide but watch this space.

Good luck if you invest in pci or whatever investments you invest in.

[p3dr036] 15/12/2011 15:56

Good Q1 reult from VGM [very much oversold] I hold share in VGM!

GLA

[offerman] 11/11/2011 10:05

Free, totally agree, cost me fortune to. Pci will make up for it i`m sure and then i`ll take further small positions on mta for the punt on a14.

[freedosh] 11/11/2011 09:35

Oh dear offerman. MTA cost me big time. The potential is there but they have had years of misfortune
freedosh :~(

[offerman] 11/11/2011 09:20

Hyper, i just got mini punt on mta 413kshares just for selling 33k shares on pci.
hold just over 1.7 million pci shares.