BNL - Blue Star Helium
- Thread starter yogi-in-oz
- Start date
argh my broker (IB) liquidated my AZZ stock without telling me to make room for my BLY SPP entitlement that i asked for.They said insufficient funds. but liquidated by emailing me at midnight on the day they sold it (which was also at 10:15 am btw) so i had no control watsoever.
now i missed the boat on azz which ive been holding for ages. sighs. they liquidated at 29.5c. its not too bad but thats 20% extra profit i missed cause some brokers dont have the decency to inform their customers properly.
now i missed the boat on azz which ive been holding for ages. sighs. they liquidated at 29.5c. its not too bad but thats 20% extra profit i missed cause some brokers dont have the decency to inform their customers properly.
skc
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I feel your frustration... but how has it got anything to do with decency?
When you signed the form to apply for an account you accepted that they will liquidate your positions at their discretion without notice.
I guess you can't expect great service and low cost brokerage model on the one broker.
With the fracture stimulation of the Francis dilworth 2 due to start on the 8th December,we will finally have some results in about 10 days.
With their 6" spur line completed and a transportation agreement finalised with Petrohawk we will finally either realise success,and a very active future or the cold hard facts that we have all been part of an unrealistic dream.
All the best.
With their 6" spur line completed and a transportation agreement finalised with Petrohawk we will finally either realise success,and a very active future or the cold hard facts that we have all been part of an unrealistic dream.
All the best.
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Been having a look see at AZZ. The daily volumes are not that great. How much of the company is held be Top20 or Top40?
Some one must know some thing, got to 77c this morning, if the frack is as good as they hope we will have the $1 IN NO TIME, but if the frack is a fizzer, we will have 10c in no time.
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Thanks for the response gerkin.
This was trading at about 50c when I last looked! It still hasn't actually produced any oil yet?
This was trading at about 50c when I last looked! It still hasn't actually produced any oil yet?
This share price is just running on anticipation with no results, which IMO are long overdue. All holders better hope for a good result or will need a quick trigger finger, cause if the results are bad, I can see this heading south quick.
Good Luck to all holders.
Rock86,
You also said that in your opinion you could see no significant movement in this stock until the well results were announced.
That was at 40c.
Stock currently trading at 70c in the US.
The market dictates the price and its always ready to reward or hit you hard on a moments notice.
From 3.5c to 73.5c in less than 12 months its certainly gained much positive and negative attention.
All the best.
You also said that in your opinion you could see no significant movement in this stock until the well results were announced.
That was at 40c.
Stock currently trading at 70c in the US.
The market dictates the price and its always ready to reward or hit you hard on a moments notice.
From 3.5c to 73.5c in less than 12 months its certainly gained much positive and negative attention.
All the best.
There was a "research note" published recently (by the company that did the SPP) with AUD0.90 price target in 1 year. It's a PDF presentation and you can see it at the Antares website under ASX announcements 2009. Maybe this is the reason for the recent price run-up?
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Looks a bit like exhaustion to me; AZZ in the US trades tiny volume so I wouldn't bet too much on that as a price leader.
Good photo today of the frack set up, now you can see why it costs so much to frack, 990 tones of proppant pumped down the hole, all we have to do now is wait
Hi Pilots/all
990T of prop seems a lot is that indicative of them going for some big fracs or are they suffering leak-off / leaching issues..(Although Petrohawk have stated they are trippling thier frac volumes of late as well)....How many fracs where they doing down this one??
Also how many current wells have they got underway and where/when are they getting the capital for the 10 wells in 2010, they seem a lot short on cash at present with 1.9M and Q costs of 9M..
I like there 10 /20/35 plan, nice and aggressive and their operators seem high class...
Results are in:
"Antares Energy is thrilled to announce the Initial Production (IP) rate of the Frances Dilworth No. 2H is 790 Bo/d and 900 Mcf/d with an initial flowing tubing pressure of 4,500 psi on a 22/64” choke. The well is flowing 53 API gravity oil and 1,300 MBTU/Mcf gas. This equates to a 15.4 Mmcfe/d rate on an 18:1 revenue equivalency basis accounting for the quality of the liquids rich gas."
Very, very impressive results.
"Antares Energy is thrilled to announce the Initial Production (IP) rate of the Frances Dilworth No. 2H is 790 Bo/d and 900 Mcf/d with an initial flowing tubing pressure of 4,500 psi on a 22/64” choke. The well is flowing 53 API gravity oil and 1,300 MBTU/Mcf gas. This equates to a 15.4 Mmcfe/d rate on an 18:1 revenue equivalency basis accounting for the quality of the liquids rich gas."
Very, very impressive results.
Antares have now given credability to their ground on the edwards reef trend and further north.
With approx 850bbls of oil per 1mmcfdg,this area is one of the best performing to date.
The very high liquid content creates very sound economics and reduces the reliance on gas pricing.
I think this well will certainly gain some attention for the company and its lease holdings.
All the best.
With approx 850bbls of oil per 1mmcfdg,this area is one of the best performing to date.
The very high liquid content creates very sound economics and reduces the reliance on gas pricing.
I think this well will certainly gain some attention for the company and its lease holdings.
All the best.
