EKA - Eureka Energy

adobee · 15 April 2011

EKA looking prime for an entry whilst it isnt the flavour of the month..

Got my eye on this today .. hopefully not too late yet ..

Assasin · 15 April 2011

adobee said:
EKA looking prime for an entry whilst it isnt the flavour of the month..

Got my eye on this today .. hopefully not too late yet ..

How did you go Adobee, did you get in?
I reckon your timing is spot on just as it was when you got out a little while ago.
Well done.

adobee · 18 April 2011

picked up a few today.. but someone keeps jumping infront of me in the que..
I am currently holding a few dogs i need to get out of but will keep loading up on this..
This is my warren buffet trade .. (with substanially less sophistication)

jancha · 18 April 2011

adobee said:
picked up a few today.. but someone keeps jumping infront of me in the que..
I am currently holding a few dogs i need to get out of but will keep loading up on this..
This is my warren buffet trade .. (with substanially less sophistication)

Hopefully this isn't one of those dogs. Certainly has been of late considering how the other EFS companies have fared. Hanging in there even tho i've loaded off some EKA today (probably what you picked up) to buy some more TXN.

adobee · 18 April 2011

all good if you want to move is sub 35c .. I am happy to take it ..

jancha · 19 April 2011

adobee said:
all good if you want to move is sub 35c .. I am happy to take it ..

How many do you want?
I wouldn't be too happy if the sp falls below 31c. Next resistance level is 27c.
Currently as low as 31.5c today

adobee · 29 April 2011

Update:
Eureka is pleased to announce the spudding of Blackjack Springs Unit #1H, the first well at its Pan de Azucar Eagle Ford Shale project in Fayette County, on-shore Texas USA.
As of 27 April 2011 local time, the operator, Southern Bay Operating, LLC (“Southern Bay”) advised that the well had reached a depth of 2,080 ft and was drilling ahead. The well is planned to target the Eagle Ford Shale at a vertical depth of approximately 10,500 feet with a horizontal of around 6,000 feet.
The Blackjack Springs Drilling Unit is a 916 acre pooled unit to which Eureka has contributed 86 acres for its 9.4% working interest. The unit is immediately adjacent to the remaining 675 acres (EKA WI 100%) that make up the balance of the Pan de Azucar project.

I expect the results of this drill will have a big impact on EKA.. I see this as almost risk free at the current price for new buyers.. but if they are good results then I see huge upside for their acerage.. Fingers crossed I can get some more money before price moves upwards..

Magic Man · 29 April 2011

adobee said:
Update:
Eureka is pleased to announce the spudding of Blackjack Springs Unit #1H, the first well at its Pan de Azucar Eagle Ford Shale project in Fayette County, on-shore Texas USA.
As of 27 April 2011 local time, the operator, Southern Bay Operating, LLC (“Southern Bay”) advised that the well had reached a depth of 2,080 ft and was drilling ahead. The well is planned to target the Eagle Ford Shale at a vertical depth of approximately 10,500 feet with a horizontal of around 6,000 feet.
The Blackjack Springs Drilling Unit is a 916 acre pooled unit to which Eureka has contributed 86 acres for its 9.4% working interest. The unit is immediately adjacent to the remaining 675 acres (EKA WI 100%) that make up the balance of the Pan de Azucar project.

I expect the results of this drill will have a big impact on EKA.. I see this as almost risk free at the current price for new buyers.. but if they are good results then I see huge upside for their acerage.. Fingers crossed I can get some more money before price moves upwards..

Im not sure how anyone can buy these oliers at the moment, the trend is obviously down for AUT, EKA, TXN and HOG. the volume n some of these stocks is terrible. The general market seems to be very edgy with more downside to come i suspect. I hold most of these oilers and are starting to become a little concerned. If i was buying i think theres more downside to come. ONly my Opinion.

Assasin · 29 April 2011

Magic Man said:
Im not sure how anyone can buy these oliers at the moment, the trend is obviously down for AUT, EKA, TXN and HOG. the volume n some of these stocks is terrible. The general market seems to be very edgy with more downside to come i suspect. I hold most of these oilers and are starting to become a little concerned. If i was buying i think theres more downside to come. ONly my Opinion.

Magic, I think time to switch your computer off, and go for a stroll on this beautiful day, (in Victoria anyway).
The rate these stocks went up over the past 6 months had to slow down and consolodate while in the meantime our companies have been doing a great job adding value and profits ready for the next sp surge.
Plus a bit of volalility and nervousness around adds to some jittery holders.
Sell if you have to or buy if you can.

adobee · 2 May 2011

Magic Man said:
Im not sure how anyone can buy these oliers at the moment, the trend is obviously down for AUT, EKA, TXN and HOG. the volume n some of these stocks is terrible. The general market seems to be very edgy with more downside to come i suspect. I hold most of these oilers and are starting to become a little concerned. If i was buying i think theres more downside to come. ONly my Opinion.

IMO its substanially better buy than a month ago EKA 44c AUT 3.10 ish when everyone was gungho for the next leg up.. I like value of EKA round 30c

Sharejon · 3 May 2011

You know the saying, buy when everybody is selling and sell when everybody is buying. It has some substances actually, even though it sounds a bit iffy.

I don't know why EKA is so unloved at the moment. Great value in my opinion, because for some reason I'm confident we'll get surprising results from the Fayette well.

Not that any fayette acreage has been factored into the share price...............

I don't really see the point of selling now, just personally. The stock has been punished severely, people don't like the more risky approach EKA is taking with the new acquisition. Hopefully successful Fayette results will change the sentiment.

jancha · 3 May 2011

Sharejon said:
You know the saying, buy when everybody is selling and sell when everybody is buying. It has some substances actually, even though it sounds a bit iffy.

I don't know why EKA is so unloved at the moment. Great value in my opinion, because for some reason I'm confident we'll get surprising results from the Fayette well.

Not that any fayette acreage has been factored into the share price...............

I don't really see the point of selling now, just personally. The stock has been punished severely, people don't like the more risky approach EKA is taking with the new acquisition. Hopefully successful Fayette results will change the sentiment.

My personal take on EKA's sp is due to lack of media,announcements & in general forum talk. Share holders interested in the EFS play would have seen AUT rise due to it's listing on the ASX 200 ect. and followed it thru with good profits over the year. Facts and figures are brought up quite often with likes of AUT TXN SSN SEA.
EKA has little information brought forward in comparision. When i look Huntleys analyst chart they have EKA at it's highest rating for Best Growth & Value over all those companies mentioned. Does anyone know as to how they calculate their ratings?
Anyway it seems there's little talk going around about EKA and i feel that interested buyers in the EFS have jumped on to the more talked about and popular companies.
If Huntley's has EKA at Best Value & Growth when they were 44c why are they trading at a low 30c?? They just dont seem to be loved.
I realize that all the other companies are suffering atm but not as bad EKA.

Sharejon · 3 May 2011

I only saw today that AKK bought Burleson acreage (5000 acres of it) at $400 an acre I believe.

It's in very close proximity to where we got ours (although ours is part Burleson part Washington) but I'm very intrigued as to why EKA could not get a better price on that acreage.

jancha · 17 May 2011

jancha said:
How many do you want?
I wouldn't be too happy if the sp falls below 31c. Next resistance level is 27c.
Currently as low as 31.5c today

Well it's at the next resistance of 27c and not at all too happy about it.
Little interest atm. Only a handful of buyers now.
Adobee..Hope you didn't jump in at 35c!!

nioka · 18 May 2011

jancha said:
Well it's at the next resistance of 27c and not at all too happy about it.
Little interest atm. Only a handful of buyers now.
Adobee..Hope you didn't jump in at 35c!!

EKA doesn't understand charts and resistance levels. I've decided I dont understand its language any more so it will have to be back top fundamentals. They haven't changed much so where to from here? Anybody have an answer?

basilio · 18 May 2011

Little is making sense at the moment. Certainly EKA should be much higher based on it's shale opportunities. But equally I have been watching ( in disbelief !) as my pet HOG falls to what seem to be ridiculous levels. Yet it is already producing a handsome return and within 6 months has strong prospects of at least a 400% increase ! .

Scary part is the market has not really tanked as such. If we get some ugly news from Europe or America and the market really gets scared where is the bottom? Do we simply sell now and wait for an even better buy in ?

tradefill · 18 May 2011

every day down down down grrrr. For some reason most the players aut, sea, txn, hog, eka etc are going down when little (that i no of) has changed. Don't understand it at all!

bennywizard · 18 May 2011

tradefill said:
every day down down down grrrr. For some reason most the players aut, sea, txn, hog, eka etc are going down when little (that i no of) has changed. Don't understand it at all!

The only thing that makes sense to me is the fall in the USD and the potential for it fall a great deal more, especially if it is no longer the international currency. China is getting stronger and stronger and the US is in big trouble, up to their eyeballs in debt.

What I dont think anyone quite understands is what it all means for our oil stocks.
Will oil crash to uneconomic levels EG 50Barrel? (if the US dollar really tanks)
If this happens and China and India remain strong will oil be valued in another currency?
I have no idea but I do think these sorts of questions are the ones that are causing the prices we are seeing in oil stocks. Its certainly not bad management or drilling results.
Love to hear others thoughts on this.

Suers · 18 May 2011

I would have imagined that the carbon tax commotion would be weighing heavy on share prices at too. It's making the companies appear unclear as to where their futures are headed causing some investors to sideline until the fog clears.

Keeping costs competitive on an international level will be harder when other countries can produce energy/fuel without the additional tax included.

I'm probably way off though, just happy I didn't buy yesterday.

jancha · 19 May 2011

Good to see a bit of interest in the thread at least.
EKA up 7% today on low volume as all ESF interests across the board.
Suers: I didn't think the Carbon Tax would have any bearing on EKAs sp as they don't operate in Aust. Is the USA bringing out Carbon Tax?
Bennywizard: I thought that if the US Dollar falls the price of oil rises. Wouldn't that balance things out?

EKA - Eureka Energy

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