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EMR - Emerald Resources

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Re: EMR - Emerald Oil and Gas

zt3000 said:
Grabbed This from the most reliable source in the world .. lol HotCopper

Dont know how true or how much of a ramp it is but interesting read non the less.

"Interesting bit of gossip from a poster on another site states "they can not drill ahead and control the well, too much gas, mud weight at 11 ppg to hold the gas in, increase the mud weight and suffer mud losses due being above the fracture gradient of the rock." This has alledgedly come from Eric S., Andy P. and Neil T.
Don't know how credible this is, but it would explain the change of plans to do an intermediate wirelog.
Just My Opinion, Do Your Own Research. "

:confused:
Click to expand...


I wouldn't believe a word of it. It's probably best to discount that sort of gossip. Any drilling issues that would have impacted reaching TD should have been announced yesterday.
 
Re: EMR - Emerald Oil and Gas

get excited, has gone into pre open, although it doesn't seem as though the other partners have so it must be about the US projects, either way should see this run if its good news
 
Re: EMR - Emerald Oil and Gas

jama_kj said:
get excited, has gone into pre open, although it doesn't seem as though the other partners have so it must be about the US projects, either way should see this run if its good news
Click to expand...

drilling update coming out of Texas, looks like we have 3 wells thats close to completion, this will be an interesting mth!
 
Re: EMR - Emerald Oil and Gas

looks like its unstoppable today, ppl realising its leverage and with 3 drills nearing completion ppl are taking their positions
 
Re: EMR - Emerald Oil and Gas

EMRO is now lagging some 16c behind the share price. Good positive day none the less, although the other CB partners havn't moved ... interesting ...
 
Re: EMR - Emerald Oil and Gas

3 wells with results due in the next week... EMR up 20%+ today... market is becoming aware of this little micro
 
Re: EMR - Emerald Oil and Gas

UPKA said:
drilling update coming out of Texas, looks like we have 3 wells thats close to completion, this will be an interesting mth!
Click to expand...


And you beat everyone to it in this month's stock picking comp too you bugger ;)
It's the one about half a dozen people in here would have gone for..
 
Re: EMR - Emerald Oil and Gas

zt3000 said:
Grabbed This from the most reliable source in the world .. lol HotCopper

Dont know how true or how much of a ramp it is but interesting read non the less.

"Interesting bit of gossip from a poster on another site states "they can not drill ahead and control the well, too much gas, mud weight at 11 ppg to hold the gas in, increase the mud weight and suffer mud losses due being above the fracture gradient of the rock." This has alledgedly come from Eric S., Andy P. and Neil T.
Don't know how credible this is, but it would explain the change of plans to do an intermediate wirelog.
Just My Opinion, Do Your Own Research. "

:confused:
Click to expand...

I wouldn't take much notice of HotCopper. Its just a bit of down ramping and sour grapes going on.
DYOR
 
Re: EMR - Emerald Oil and Gas

I forgot to add in my last post that EMR is currently up 6.5c to 32.5c on good volume of over 1.8 million shares so its says a lot about the EMR rumour posted on HotCopper.
One also needs to remember that EMR is also involved in the drilling of 2 wells in the US so there's definitely plenty of action going on. People are finally waking up to this one.
DYOR
 
Re: EMR - Emerald Oil and Gas

I spoke to EMR's Technical Director, Bob Berven (Mob no. 0419 912 963), about 30 minutes ago and asked him a number of questions. I found him to be very helpful and says he's more than happy to talk anytime.
In relation to Valentine 1, a high risk well, he's more positive than ever before about its prospectivity. They didn't expect to find anything like 6 gas readings as it wasn't the primary target. He now believes that the chances for success have now risen considerably. Hopefully, he said, there will be more news coming out before the end of the week in relation to Valentine 1 which will give a clearer indication.
After evaluation, they intend to drill down to the primary target. He believes that Valentine 1 could well be a company maker, but that there's also great potential in the US. More news should be coming out next week from their US drilling operations. One also has to realise that the RJ Hunter 1 well (10% interest) encountered a 50+ foot gas sand at the NW Alice prospect. They're hoping to drill this prospect again by year's end following further study. Mr Berven thinks that this prospect alone could be worth 40c per share should all go to plan.
Mr Berven also informed me that they have recently done a broker roadshow through the eastern states visiting over 24 brokers where he believed the reception was positive.
Overall, despite the high risks involved in oil and gas exploration, IMO EMR seems well placed to benefit from any exploration success on a number of fronts. A cashed up diversified oil and gas explorer.
Any comments?
DYOR
 
Re: EMR - Emerald Oil and Gas

greggy said:
Overall, despite the high risks involved in oil and gas exploration, IMO EMR seems well placed to benefit from any exploration success on a number of fronts. A cashed up diversified oil and gas explorer.
Any comments?
DYOR
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with the exception of the valentine and EP145/6 project, EMR's other projects are quite conservative. especially its projects in Texas, they are drilling next to existing oil fields, so chances of success is alot higher, So EMR is a relative safe bet to me. at teh current SP, its still very much undervalued. I think the company will have some sort of cash flow from Texas in the near future. So good times ahead!
 
Re: EMR - Emerald Oil and Gas

Greggy

Thanks for providing the information from your phone call.


Info from the Good oil presentation positive.

News expected soon.

Share price coming back after low of 27.5c this morning.

Currently 29.5c.
 
Re: EMR - Emerald Oil and Gas

moneymajix said:
Greggy

Thanks for providing the information from your phone call.


Info from the Good oil presentation positive.

News expected soon.

Share price coming back after low of 27.5c this morning.

Currently 29.5c.
Click to expand...

at the moment it seems like all the interests from EGO has moved onto EMR, abit late, but we have news coming out from US and Valentine, so even if we hit a dry well at valentine, positive news out of US should be able to keep the SP steady for a while.
 
Re: EMR - Emerald Oil and Gas

moneymajix said:
Greggy

Thanks for providing the information from your phone call.


Info from the Good oil presentation positive.

News expected soon.

Share price coming back after low of 27.5c this morning.

Currently 29.5c.
Click to expand...

HI moneymajix,

Thanks for posting the presentation. ARC Energy is very keen on the Canning Basin which has been underexplored. Relatively small discoveries can be commercialised, but with Valentine 1 and Stokes Bay 1 the potential is very big.
DYOR
 
Re: EMR - Emerald Oil and Gas

Nearly 1.6 million shares have gone through today. Share price has recovered from its earlier lows to be up 2c to 31.5c. None of the other Valentine players are up today. Maybe many have either moved into EMR for exposure not only to the Valentine 1 / Stokes Bay 1 plays, but also the 2 US wells currently being drilled.
Any thoughts?
DYOR
 
Re: EMR - Emerald Oil and Gas

1.6 million shares is not much in real money (about AUD 500k) so you wouldn't need that many players to accomplish that. No serious daytraders have entered the arena yet imo - I'd like to see over 4 million shares traded a day...
 
Re: EMR - Emerald Oil and Gas

just curious why is ARQ wirelogging 1.7km? as well as when do you fellas reckon this wirelogging data will come out? Since I dont want to get my hopes up, lets assume worst case scenario for time, e.g 5 hour coffee breaks, coffee spilling on computers etc :)
 
Re: EMR - Emerald Oil and Gas

Why are they stalling for time ... well thats what it looks like to me .. probably looking at monday/tuesday by the time we get results of the wire logging ...

why are they testing from 800m to 2500m .. thats a large interval ... obviously not all gas but enought to feel the need to test the entire length ...

wait and see i guess
 

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