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EGO - Empire Oil & Gas

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Re: EGO - Empire Oil

any thought on EGO now? will they belly up? i lost of $$ already. the shares is keep dropping!!!
 
Re: EGO - Empire Oil

furiouswilly said:
any thought on EGO now? will they belly up? i lost of $$ already. the shares is keep dropping!!!
Click to expand...

Hang in there they have Gin Gin coming up in 1st quarter of 09 which is another good possibility for good gas reserves if they are correct. They are still deciding what to do with stokes bay as they tried to clear the well using nitrogen but it was unsuccessful. The company has alot of farm in partners which helps with financing the drills so I believe they are sitting ok
 
Re: EGO - Empire Oil

Furiouswilly,

I agree with Dandyjac (although I don't hold at the moment). Gingin is coming up in H1 2009 and is a promising target located near a gas-hungry market. Farm-ins should keep EGO afloat...
 
Re: EGO - Empire Oil

EGO look like they are already on the move, Danyjac. Punters getting ready for Gingin I suspect. SP has now risen from 0.005 to 0.008c. Doesn't sound much but a 60% rise is not to be sneezed at.
 
Re: EGO - Empire Oil

Does Anybody know when they are starting to drill Gingin. Lets all hope they hit the big one for all the EGO holders
 
Re: EGO - Empire Oil

i hope they will hit one soon, been waiting for ages.. lol, anyone have update news? back to 0.006
 
Re: EGO - Empire Oil

I'm very surprised about the good news EGO had yesterday that nobody bothered posting about it.
Yesterday it went up 28.57%.
As we speak its up 22.22%.
Is it because we have all been burnt on the EGO rollercoaster ride in this last 12 months?
 
Re: EGO - Empire Oil

Time to re-visit an old friend. EGO is a great one to trade - although carefully! Bought my parcel today for the Gingin prospect to be drilled in the second half. The latest qtrly and the poorly titled "EP 389 Gingin and Gingin Prospects and Planned Drilling 2009" - doesn't provide any detail on when this will happen but within the half. But i do not wnat to get caught out if they do announce a 3rd qtr drill program (just around the corner). For those who haven't checked out the gingin prospect have a look. The qtrly report gives some good background. In a nutshell it's 80km from Perth virtually on top of an existing pipeline, it's flowed commercial qty's of gas in the past.

Just wish I'd acted a couple of months ago - 1/2 a cent would have been nice!! Anyway 1c will prvide me with a good opportunity to turn it into a 'free carry' once the spud approaches.

Can anyone give a brief summary on the rest of the prospects? It's been a while and I'm feeling a bit lazy....
 
Re: EGO - Empire Oil

Does anyone know when will the drill bit will start spinning? 1st H of 2009 has gone and no action yet not even an expected date of commencement. They chose to drill onshore Perth Basin because low risk and good chance of success and close to potential market....sounds straightforward enough but no ASX news since release of Q report in April. Anyone have any news? The silence is deafening. I am a holder and just want them TO DO SOMETHING and I guess other holders share the same view. Can anyone help?
 
Re: EGO - Empire Oil

Well someone out there heard my plea. EGO announced to the ASX today that it planned to drill the Gingin West - 1 well in Q3 2009. That's now !! I am a happy holder.
 
Re: EGO - Empire Oil

lol i hold too but the sp didnt move due to the announcement. been holding from when it was tripple its price....
 
Re: EGO - Empire Oil

With Gingin drill coming up in 3rd Quarter 2009 should spark some interest & push up the share price
 
Re: EGO - Empire Oil

Agree, Dandy.

Not holding EGO at present but it should rise as drilling approaches. In this market, the SP runs before spudding are a little bit closer to spud date than in the past...just a more cautious market.
 
Re: EGO - Empire Oil

Someone got frisky on close today - 29m traded for the day - most in the last 10 minutes of trading. News coming?

Hope so, looking for a nice run up to spudding gingin - haven't decided if I will hold throgh to results or convert to a smaller free carry holding. Decisions, decisions. Any other thoughts on strategies for milking ego?
 
Re: EGO - Empire Oil



Wish I could give you some trading advice but I have been holding onto these guys for ages and I seem to hang on way to long. Then they hit a duster and the Ars* falls out of the S/P and I decide to hang on to the next drill & the next drill and so on, lets just hope they hit a lot of gas on the Gingin drill and that will help solve the dilema of when to sell
 
Re: EGO - Empire Oil

The volume continues to flow for EGO. Last look the offers had moved up to 1.2c Not a great deal of sell volume in the list.

Waiitng for the news of a drill program - shouldn't be too far away.
 
Re: EGO - Empire Oil

I'll continue my commentary.....

71m shares traded today after a fairly quiet period - leaking news perhaps. We are due for some news regarding drilling, might be getting close to the last opportunity to take a position before spud - took mine a while ago, not as long ago as I'd like mind you....

It's been as high as 1.4c, I'm looking for 1.8c to convert to free carry and I'll hold through to results. Thats the plan stan.

Seems to me ego has fallen out of favour with you bunch of savages due to past failures, but this one is a lot less spec than previous campaigns, gas has flowed from gingin before and there's a gas pipe running right past the prospect meaning no problems in getting the gas to market. Don't be shy peeps, don't be shy. Or maybe no-one wants to own up to holding this time?
 
Re: EGO - Empire Oil

The .012 resistance level held for 5 months but has broken nicely today on large bullish volume.
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Re: EGO - Empire Oil


OK I'll confess I'm a holder, have been for a while, and I'm happy ATM. Whilst there are no guarantees when drilling IMHO Gingin looks very promising. I agree with DD that this is a lot less spec than previous attempts and the infrastructure is in place in the event of a discovery. These are positive factors. EGO announced that spudding would occurr this Q so with 41 days left hopefully we are in for some good news soon.
 
Re: EGO - Empire Oil

I am another LT sucker.
Bought in at 2.2c a few years ago, a couple of dusters (lake McCleod Stokes bay etc) and the SP hasnt been anywhere near my entry since.
Agree Gingin looks a more attractive proposition.
The Warro Gas field is not far away, with proven reserves.
I hold TSV shares and there first well has found plenty of gas...but also plenty of water.
 
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