Australian (ASX) Stock Market Forum

EGO - Empire Oil & Gas

Jump to new
Re: EGO - Empire Oil

juw177 said:
Why do you say that? To me the weak close is showing the opposite. I too was wanting the ann will give it a kick but there was a lack of demand so sellers drove the price down. The momentum the day before may be due to insiders expecting an ann. We will see tomorrow.

edit: oh, there is one more ann out. oops, please disregard my comment. Thoughts on the ann?
Click to expand...

Apparently the ann was good, by all accounts!! Nice close.. up 15% buying rose towards the end of trade

:)

To me, the ann was confirmation of Stokes Bay, more than Valentine.. They are hinting at the Stokes Bay prospects, maybe as a backup if Valentine is unfounded.. Keeps us hopefull even if Valentine isn't as good as expected, but then go on to suggest there was more potential than first though at Valentine.. It's the way I read it anyway??

Could be wrong, and the traders will dump it tomorrow, but the strong finish to the day suggests otherwise?? With more news due towards the end of the week & Valentine reaching target depth?? Could be anywhere, I'm thinking UP...


Helping the situation is EMR being plugged and abondoned.. Jump shippers have turned there attention BACK to EGO..
 
Re: EGO - Empire Oil

The silence before the storm really. This weekend should see old rig 18 intersect the top of the target sands. From there wirelines will be run to test the hydrocarbons in the sands above and in the target. Probably 5-7 days before we have wireless results for the drill. Then if necessary, cased for completion and a DST - perhaps the better part of 5 days for that before we know results.

Up or down, either way, there'll be plenty of vol at the partners soon enough.
 
Re: EGO - Empire Oil

:)

Hi folks,

EGO ... astrocycles looking good for October/November 2007:

05102007 ... positive news expected here

16102007 ... 2 positive cycles - rally continues ???

18102007 ... more news expected here

30102007 ... positive spotlight on EGO, as a result
of 2 positive cycles ... but, price
reaction may be unusually flat.

15-16112007 ... more positive news ... price same
as 05 and 18102007 ... ???

29112007 ... minor and positive cycle here

happy days

paul

:)

=====
 
Re: EGO - Empire Oil

Trader Paul said:
:)

Hi folks,

EGO ... astrocycles looking good for October/November 2007:

05102007 ... positive news expected here

16102007 ... 2 positive cycles - rally continues ???

18102007 ... more news expected here

30102007 ... positive spotlight on EGO, as a result
of 2 positive cycles ... but, price
reaction may be unusually flat.

15-16112007 ... more positive news ... price same
as 05 and 18102007 ... ???

29112007 ... minor and positive cycle here

happy days

paul

:)

=====
Click to expand...

This is really weird stuff. Can anyone explain what is intend within this post apart from what appears to be crystal ball or star gazing stuff with no absolutelty no substance?
 
Re: EGO - Empire Oil

Just a question, how come out of nowhere, the bid is .035 and the offer is .015???
Theres no trading halt or anything....
 
Re: EGO - Empire Oil

The clastic sediments of the target Virgin Hills Formation are
interpreted to have been intersected with lithologies being
predominantly tight sandstones and calcareous claystones.
No significant indications of hydrocarbons or porosity were
noted over this interval. Further evaluation of all intervals in
this well will be undertaken with the planned wireline logging
program.
Following the logging program, the well will be plugged back
and sidetracked to the Stokes Bay targets. In Valentine-1
the very strong gas shows and indications of porosity in the
shallower intervals of the Anderson and Laurel Formations is
considered highly encouraging for the targets of the Stokes
Bay 1 well which were encountered as planned, substantially​

down-dip in the Valentine well bore.
Click to expand...

Valentine has been written off and they're preparing to test Stokes. FAR, PCL, EGO, ARQ & EMR/O have all taken a hit.​
 
Re: EGO - Empire Oil

Ohhh announcement, damit..... its on .023 at the moment. Haven't read it yet, net is capped and is so slow, goodluck.:)
 
Re: EGO - Empire Oil

Yep looks like Valintine turned up nothing!:bad:

Seems to have hit some support at .021c.
It will be interesting to see what happens from here.

(I dont hold btw)
 
Re: EGO - Empire Oil

Ahoy mateys.

Arr be going down with the ship....

You never know, it could get resurfaced one day!!

lol..

Only a small portion, so no real concerns..
 
Re: EGO - Empire Oil

take it easy on me guys, this is my first time. not happy with ann but so it goes. :banghead: would really like to see if you guys think it is worth holding for another month:eek:
 
Re: EGO - Empire Oil

i just want to know, when does drilling in stokes bay start?
* i only hold a small portion, sold a while back... :)
 
Re: EGO - Empire Oil

Mikii said:
i just want to know, when does drilling in stokes bay start?
* i only hold a small portion, sold a while back... :)
Click to expand...

was just looking myself to find the same answer, the best i could come up with is october so any day now i guess.


looking to get in again before they announce the start of drilling, may have to be tomorrow.
stokes bay sounds exciting and speculation should see the sp moving soon.
 

Attachments

  • stokesbay.doc
    49.5 KB · Views: 20
Re: EGO - Empire Oil

Vert.

I cut to display your word document as inserted below, but could you reference where you got this from...???

Thanks
SevenFX
 

Attachments

  • EGO.jpg
    EGO.jpg
    134.7 KB · Views: 283
Re: EGO - Empire Oil

from EGO annual report pg 6. and again further on, pg 13 has drilling program dates.
how do i cut and past or copy to here from a pdf? i could get it word then here as an attachment but not in text on this bit....
 
Re: EGO - Empire Oil

vert said:
from EGO annual report pg 6. and again further on, pg 13 has drilling program dates.
how do i cut and past or copy to here from a pdf? i could get it word then here as an attachment but not in text on this bit....
Click to expand...

I did it a rather crude way, which is the quality has dropped off some.

As it was a image (picture) in word, I hit the PrtScr (PrintScreen) button once the document was up, then opened a photo editor (like paint) and pasted it in, then cutting only the section wanted, and saving it as a .jpg.

It's the slight enlarging that blurred it.

Edit: anymore questions on that, pm me and will happy to help..

Thanks for your snippit
Cheers
SevenFX
 
Re: EGO - Empire Oil

I had this stock on my watchlist for some time now at 0.008c and now I see that its gone up to 0.023c!!

I've read some articles on it but not sure if theres value in buying it? What is your opinion on the future of this stock? I'm sitting on the fence right now, whether to buy it or not. :homer:


Thanks in advance
 
Re: EGO - Empire Oil

Fiji,
I hold some of these, but my entry price was 0.05 more than current.
The previous posts provide histoy and a search of the ego site will give you future action as to where they have exploration interest. This event is the second string to the Stokes/ Valentine drilling and they have based their selection on a previously recorded gas find.
DYOR
Cheers.

I like you front porch avantar :)
 
Re: EGO - Empire Oil

I am holding, and I am cheesed off that EGO opted out of the last 200 meters of drilling at stokes bay: comment by ES in the latest open briefing:

"We are
getting some very good early encouragement in the Canning Basin."

So, I just hope he is talking about the gas and not oil further down.
 

Similar threads

mobcat
Riot by umemployed stockbrokers
Replies
5
Views
4K
Temjin
Temjin
Top