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Thanks sharejon
EKA - Eureka Energy
- Thread starter Broadside
- Start date
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- eka eureka energy
Good timing Adobee. Just out of curiousity what did you pick your AVI shares up at or have you sold and bought back in to EKA? Good value imo.
Ps Have you found out any further information on operators in the Fayette county region?
A great production update in my opinion.
Direct Assets flows may seem slightly on the disappointing side, but I'm definitely happy with them considering how long it took from fraccing to producing (due to the remedial repair operations)
Holman-1H has been fracced 4 days ago and we should receive 10 day flows early next week.
Jordan-1H has been spudded, due to be fracced soon.
PMT/Buehring has started drilling.
AUT Reserves upgrade due in the coming weeks, this is very important for EKA as well, as it will give an indication on the progress of EKA's sugarloaf reserves.
How EKA is down today 1 tick, and lower than it was a few weeks ago, is very surprising to be honest.
We've had:
1. Very positive news about the lease pooling agreement, I had not expected news of an initial well in our Fayette County for 6 months or so, but it arrived last week.
2. The price of oil rising heavily now, this will be indicative in our profits this quarter
3. What is in my opinion a very re-assuring production update today.
As Nursery has often said in the past, "EKA is lagging heavily".
Direct Assets flows may seem slightly on the disappointing side, but I'm definitely happy with them considering how long it took from fraccing to producing (due to the remedial repair operations)
Holman-1H has been fracced 4 days ago and we should receive 10 day flows early next week.
Jordan-1H has been spudded, due to be fracced soon.
PMT/Buehring has started drilling.
AUT Reserves upgrade due in the coming weeks, this is very important for EKA as well, as it will give an indication on the progress of EKA's sugarloaf reserves.
How EKA is down today 1 tick, and lower than it was a few weeks ago, is very surprising to be honest.
We've had:
1. Very positive news about the lease pooling agreement, I had not expected news of an initial well in our Fayette County for 6 months or so, but it arrived last week.
2. The price of oil rising heavily now, this will be indicative in our profits this quarter
3. What is in my opinion a very re-assuring production update today.
As Nursery has often said in the past, "EKA is lagging heavily".
I think that today represents a very good opportunity for those who got 'shaken out (with stop losses)' to buy back in.
I say this as I think the company is more attractive than it was during the 'shake out', and it still trading at a discount to where it was a couple of weeks ago.
I say that EKA is more attractive because it's released pretty good Direct-Assets flows (considering the length of time operations it took to get the well flowing, pressure was lost), fantastic declines on Kowalik and Urrutia, positive news on the new wells (Holman, Jordan, PMT, Buehring) and the above news that i commented on, the lease pooling agreement.
A definite buy for me at these levels, unfortunately I don't have the funds though.
I say this as I think the company is more attractive than it was during the 'shake out', and it still trading at a discount to where it was a couple of weeks ago.
I say that EKA is more attractive because it's released pretty good Direct-Assets flows (considering the length of time operations it took to get the well flowing, pressure was lost), fantastic declines on Kowalik and Urrutia, positive news on the new wells (Holman, Jordan, PMT, Buehring) and the above news that i commented on, the lease pooling agreement.
A definite buy for me at these levels, unfortunately I don't have the funds though.
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Some great action and forward planning finally coming from EKA management with recent announcements. It's a shame that world instability has negated the momentum.
Still, bought another parcel to double holdings and happy to ride this one out now.
Still, bought another parcel to double holdings and happy to ride this one out now.
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Has everyone dropped off this stock?
With todays buying opportunities, I've just brought another bunch at 37.5. My thinking is for the next 6 months not 6 days.
If they drop any more, the kids piggy banks are likely to be sacrificed.
Holding: AUT, SEA, EKA, TXN, HOG, MHM
With todays buying opportunities, I've just brought another bunch at 37.5. My thinking is for the next 6 months not 6 days.
If they drop any more, the kids piggy banks are likely to be sacrificed.
Holding: AUT, SEA, EKA, TXN, HOG, MHM
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If only I new what tomorrow holds ...
Was about to take out .38c and then realised its 4.38pm ...
oh well back to work ..
Was about to take out .38c and then realised its 4.38pm ...
oh well back to work ..
Assassin,
there are still plenty of voyuers in the wings and I think it is a very good opportunity. Although I also thought that yesterday when I grabbed 15000 Aut at 2.92.
After that transaction I convinced myself that I was a bloody genius only for the facts to bring me back down to earth again. This time I am waiting a little longer most likely to turn the computer on and find I missed out? The stock market seems to be a little like my wife actually.
there are still plenty of voyuers in the wings and I think it is a very good opportunity. Although I also thought that yesterday when I grabbed 15000 Aut at 2.92.
After that transaction I convinced myself that I was a bloody genius only for the facts to bring me back down to earth again. This time I am waiting a little longer most likely to turn the computer on and find I missed out? The stock market seems to be a little like my wife actually.
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Cheers Majorca,
your a brave man printing that. In the not to distant future, i'm sure you'll be happy with your AUT purchase.
You could be right with EKA too, might still be room for more drop.
Good luck.
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Tradefill,
I don't think EKA has done anything wrong in the past month, quite the contrary, great reserves update and built up business plan.
Whats happened in the markets recently has really had a major effect on EKA, to my knowledge the biggest drop of all the oil shalers for unknown reasons. Seems to me EKA is the ugly duckling of the shalers.
A great opportunity has been presented imo.
However, I now have more of my own money in this than any other stock I own so hoping for a great year.
Pretty confident the next 6 months are going to be successful.
Holding: AUT, EKA, SEA, TXN, HOG, MHM.
Thanks for the reply. I'm in a similar boat to you holding aut, eka, sea, hog. Yeh i thought eka we're doing well (fundamentally) so it is a good buying opportunity. I'm sure you will do well in the next 6 month, good luck to all of us!
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just placed an order at .36
hopefully i pick some up just as the market opens:
hopefully i pick some up just as the market opens
:
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http://www.scandoil.com/moxie-bm2/news/georesources-provides-operations-update-3.shtml
i dont hold
geo resources talk about fayette county
i dont hold
geo resources talk about fayette county
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Thanks Agentm,
very sporting of you. Will be interesting to follow the results. This stock certainly needs a kick along.
Thanks for the post Agentm.
Interest particularly in the EKA thread seems to have dropped off.
10th of March was EKAs last announcement. Should be due for another soon hopefully.
I am surprised to see EKA trading at it's current sp but then again the likes of AUT are in the same boat with the exception of SEA which has managed to hold it's ground.
Interest particularly in the EKA thread seems to have dropped off.
10th of March was EKAs last announcement. Should be due for another soon hopefully.
I am surprised to see EKA trading at it's current sp but then again the likes of AUT are in the same boat with the exception of SEA which has managed to hold it's ground.
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I am keeping my eye EKA. . looking to re enter Q2 for spudding of Fayette well ..
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adobee, and to all current eka holders
some local research on the eka fayette region
very little exploration in the efs in fayette.
southern bay have twinned some laterals called flatonia east unit 1 and unit 2
they will be running a frac in one and listening in on the frac with the other to asses the formation and to determine how the fracs work in this efs region
so far one well is completed and the other is currently being drilled
very much in the early stages of development for the EFS in fayette.
i dont hold eka... and best of luck to all holders
some local research on the eka fayette region
very little exploration in the efs in fayette.
southern bay have twinned some laterals called flatonia east unit 1 and unit 2
they will be running a frac in one and listening in on the frac with the other to asses the formation and to determine how the fracs work in this efs region
so far one well is completed and the other is currently being drilled
very much in the early stages of development for the EFS in fayette.
i dont hold eka... and best of luck to all holders
Attachments
Posted on other threads, this has to help EKA
"Obama pushes jobs for clean energy22:01 AEST Sat Apr 2
Linking economic growth and energy independence, President Barack Obama says shifting the country away from imported oil and toward cleaner forms of energy will help continue a trend that has led to 1.8 million new jobs in the past 13 months.
Obama used his weekly radio and internet address on Saturday to promote his ideas for bringing down petrol prices by decreasing US dependence on foreign oil.
A blueprint he outlined in a speech this week calls for increasing domestic oil exploration and production, making cars and trucks more energy efficient and building vehicles that run on alternative fuels or electricity.
Noting that the US doesn't have enough oil reserves to meet its needs, he set a goal of reducing imports by one-third by 2025.
"By doing so, we're going to make our economy less vulnerable to wild swings in oil prices," Obama said.
"We're going to use cleaner sources of energy that don't imperil our climate. And we're going to spark new products and businesses all over the country by tapping America's greatest renewable resource: our ingenuity.""
"Obama pushes jobs for clean energy22:01 AEST Sat Apr 2
Linking economic growth and energy independence, President Barack Obama says shifting the country away from imported oil and toward cleaner forms of energy will help continue a trend that has led to 1.8 million new jobs in the past 13 months.
Obama used his weekly radio and internet address on Saturday to promote his ideas for bringing down petrol prices by decreasing US dependence on foreign oil.
A blueprint he outlined in a speech this week calls for increasing domestic oil exploration and production, making cars and trucks more energy efficient and building vehicles that run on alternative fuels or electricity.
Noting that the US doesn't have enough oil reserves to meet its needs, he set a goal of reducing imports by one-third by 2025.
"By doing so, we're going to make our economy less vulnerable to wild swings in oil prices," Obama said.
"We're going to use cleaner sources of energy that don't imperil our climate. And we're going to spark new products and businesses all over the country by tapping America's greatest renewable resource: our ingenuity.""
