CND - Condor Energy
- Thread starter yogi-in-oz
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Or maybe not interesting. That 31.58% rise was off the back of a volume of 6,800 (or less than $2,000) for a company valued at $5m.
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Fairly quiet on the BKP front. The recent SPP has underpinned the SP and it hovers as we await news of the drilling program. I believe that we could be in for some interesting times around late June-July...
Holding main parcel at .003c
Holding trading parcel at .018c
PS> Loaded up more BKP at .018/.019c in the last 2 weeks. Happy to wait until the drill bit is in place.
Holding main parcel at .003c
Holding trading parcel at .018c
PS> Loaded up more BKP at .018/.019c in the last 2 weeks. Happy to wait until the drill bit is in place.
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Fairly quiet on the BKP front. The recent SPP has underpinned the SP and it hovers as we await news of the drilling program. I believe that we could be in for some interesting times around late June-July...
Holding main parcel at .003c
Holding trading parcel at .018c
PS> Loaded up more BKP at .018/.019c in the last 2 weeks. Happy to wait until the drill bit is in place.
Bastard! Stop buying at .018... I got my orders in at .017.
Agree on the dates - I should be in Denmark finishing off my Masters by then so I'll be up early watching it live, as opposed to checking my portfolio randomly at work.
Waits for drill rig to start moving west...
-Liar-
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Proactive investors PR report out today. Makes for some fun reading.
This is an except comparing the Georgina basin/Arthur Creek with the Bakken basin. Earlier in the report reserve figures for these areas of 76 and 7 billion barrels are quoted.
"By 2008 with the USGS estimating 3.0 to 4.3 billion barrels of technically recoverable oil was available in the Bakken, and recently a number of different entities claimed that this had increased up to 11 billion recoverable barrels. Continental Resources (NYSE: CLR) estimates that up to 24 billion barrels may be available and it is currently capitalized at US$11.2 billion, owning 855,000 acres in the basin, which is the main driver of its growth in oil production.
The size of the permit holdings of both PetroFrontier and Baraka Petroleum in the Lower Arthur Creek Shales dwarf the acreage holdings of the various multibillion dollar oil companies exploring and producing in the Bakken including Hess."
In fairness even Proactive only give this thing a 5% chance of success (sorry, they use 5% as a "risked valuation guide".
I'm very excited all the same and for me that rig can't get there soon enough.
This is an except comparing the Georgina basin/Arthur Creek with the Bakken basin. Earlier in the report reserve figures for these areas of 76 and 7 billion barrels are quoted.
"By 2008 with the USGS estimating 3.0 to 4.3 billion barrels of technically recoverable oil was available in the Bakken, and recently a number of different entities claimed that this had increased up to 11 billion recoverable barrels. Continental Resources (NYSE: CLR) estimates that up to 24 billion barrels may be available and it is currently capitalized at US$11.2 billion, owning 855,000 acres in the basin, which is the main driver of its growth in oil production.
The size of the permit holdings of both PetroFrontier and Baraka Petroleum in the Lower Arthur Creek Shales dwarf the acreage holdings of the various multibillion dollar oil companies exploring and producing in the Bakken including Hess."
In fairness even Proactive only give this thing a 5% chance of success (sorry, they use 5% as a "risked valuation guide".
I'm very excited all the same and for me that rig can't get there soon enough.
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Hi Boff,
Not too long now. My sources are still suggesting an active July for BKP. That seems to match with weather reports etc and improving road conditions.
Holding main parcel at .003c
Holding trading parcel at .018c
Not too long now. My sources are still suggesting an active July for BKP. That seems to match with weather reports etc and improving road conditions.
Holding main parcel at .003c
Holding trading parcel at .018c
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Hi Boff,
Not too long now. My sources are still suggesting an active July for BKP. That seems to match with weather reports etc and improving road conditions.
Holding main parcel at .003c
Holding trading parcel at .018c
Well, as per the announcement today, your sources were spot on. And it looks like we'll be getting some good news flow starting in early June.
From today's announcement.
".....advised that they hoped to commence drilling operations within 2-3 weeks in the Georgina Basin, Northern
Territory, being about the first week of June 2011."
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Confirmed Potential Breakout. Research is good. Gut says go.
Position: Stock recently bought.
Advice: Do your own research.
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Confirmed Potential Breakout. Research is good. Gut says go.
Position: Stock recently bought.
Advice: Do your own research.
Confirmed how? What research? Sorry, but this does sound like a ramp to me.
Country Lad
Off into the sunset
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Confirmed Potential Breakout.
Yep, in a southerly direction.
Done on HC?
Suggest you go to chemist and get something for it
So you are in the red.
Yes, and not a very good one.
Off you go, I will wait for a break north, not south.
Cheers
Country Lad
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Confirmed Potential Breakout. Research is good. Gut says go.
Position: Stock recently bought.
Advice: Do your own research.
Had these two posts not been subsequently quoted and commented on they both probably would have been removed.
The first post needs more detail. If the stock is a potential breakout, some explanation of what makes it a potential breakout needs to be posted as well. A chart probably would have been useful, as well as some discussion of any relevant resistance levels and changes in volume.
The second post basically contains no useful content and is just a ramp disguised as a question. Please, no more posts like this.
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Fairly quiet on the BKP front. The recent SPP has underpinned the SP and it hovers as we await news of the drilling program. I believe that we could be in for some interesting times around late June-July...
Holding main parcel at .003c
Holding trading parcel at .018c
PS> Loaded up more BKP at .018/.019c in the last 2 weeks. Happy to wait until the drill bit is in place.
Almost 2 months on and all looks like it is going according to schedule. If we are to still assume that 127 shall be 2nd on the concert tour, then I'd think - dry conditions remaining in place - an August spud is quite possible. Below is an extract from PetroFrontier's last quarterly:
The drilling rig of Major Drilling Pty. Ltd. ("Major Drilling") slated to drill PetroFrontier's first well (Baldwin-1) in the Southern Georgina Basin is currently undergoing final assembly and acceptance testing in Brisbane, Queensland, Australia. Apart from delays caused by floodwaters, the rig required the installation of the latest Australian Standard (AS3000) compliant switchgear and Major Drilling is in the final stages of completion. The rig will then undergo a final third party audit to ensure it is fully compliant and "fit for purpose" under the Northern Territory Petroleum Regulations.
Once the rig acceptance process is complete, the rig will be mobilized approximately 3,000 kilometres (a significant proportion of which is across unsealed roads) to the Southern Georgina Basin to commence PetroFrontier's exploratory drilling program. PetroFrontier will provide a further update once the rig commences its mobilization from Brisbane and an actual spud date for the first well has been confirmed with a greater degree of certainty.
This looks like a happy new financial year!
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BKP has proved to be a great trading stock since the re-rating. With delays the sp has been bouncing but at least a floor has been semi established at 1.8 - 1.9.
As expected a few rampers are coming out, I am looking to get back into this one before some more news and spud.
As for bkp not much has changed and quiet happy to enter at 1.8 - 1.9 however the world market at the moment is looking shaky, will be looking for a good entry tomorrow and if not have a feeling next week won't be very green for the overall market.
Overall I think the time is ticking away and soon something will have to happen, been waiting since Spetember!
As expected a few rampers are coming out, I am looking to get back into this one before some more news and spud.
As for bkp not much has changed and quiet happy to enter at 1.8 - 1.9 however the world market at the moment is looking shaky, will be looking for a good entry tomorrow and if not have a feeling next week won't be very green for the overall market.
Overall I think the time is ticking away and soon something will have to happen, been waiting since Spetember!
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All aboard the BKP gravy-train!
Announcement is out. Rig set to move out, should be on 1st site (not the BKP drill) in a week's time and then we start the count-down. EP-127 (BKP's well) is drill number 2. Assuming that the weather is kind and we have a good run with the mechanics and technical aspects of the campaign, August will be the big month for BKP!
Holding main parcel at .003c
Holding trading parcel at .018c
Announcement is out. Rig set to move out, should be on 1st site (not the BKP drill) in a week's time and then we start the count-down. EP-127 (BKP's well) is drill number 2. Assuming that the weather is kind and we have a good run with the mechanics and technical aspects of the campaign, August will be the big month for BKP!
Holding main parcel at .003c
Holding trading parcel at .018c
