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EMR - Emerald Resources

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Re: EMR - Emerald Oil and Gas

At 12c EMR has a MC of 7.5 million (undiluted). This is very low I believe for a company with its prospects and is an excellent buy at this level if you have a longer term investment view. It has the discovery at Palito Blanco which is now in production as well as the discovery at NW Alice which has reserve potential of 100bcf (10% WI to EMR). In Q1 2008 they will be drilling NW Alice, a development well at Palito Blanco and the Steamboat prospect which they have a WI of 25%. Management are currently in US looking at other projects. All this then leads into the recommencement of testing at Stokes Bay in April/May. Stokes Bay is looking promising and any discovery will enhance the value of EMR’s neighbouring acreage.

To me the risk vs reward at this level is very enticing.

Cheers.
 
Re: EMR - Emerald Oil and Gas

thanks for all your feedback people...

I guess my concern is the company will be looking to raise some capital through a placement at a time when the sp is so low.

Does anyone know the cash situation for the company??

A they well funded???

thanks again

Ben
 
Re: EMR - Emerald Oil and Gas


..... let's put this whole thing in perspective, bhutos.

Our time cycle analysis was posted 6 weeks ago, on 24092007
and it is NOT meant to be used as a SOLE indicator for trading.

Instead, the time cycles should be used as an ADDITIONAL
technical tool to CONFIRM our regular TA.

NO claim has ever been made that we get them right,
every time .....

..... it's a bit like OMI being a $4 stock, eh bhutos ... ???

bhutos said:
OMI ... this should be a $4 stock easily, it's only come down from its highs of $4.70, someone needs to teach the executive level how to write a statement so it actually includes some friggin figures.
Click to expand...

..... OMI has been as low as 30.5 cents is currently trading at 50 cents.

have a great day

paul

P.S. ..... OMI should be positively BOOMING from 14-31032008 and
we will be alert for some VERY significant news on 28032008



=====
 
Re: EMR - Emerald Oil and Gas

The last few days EMR is having some upward movement in its sp.

It hit today an intraday high of 13c which is still way of its recent 52 weeks highs.

With no news announced, does anyone have an idea what the interest may be from??

Any drilling anouncement due soon??

regards,
benwex
 
Re: EMR - Emerald Oil and Gas

EMR has a joint partner EGO. They are pushing higher volume. Apparently though they are not going back on site until April when the rain finishes. Perhaps someone knows something that we don't. A big umbrella perhaps.
 
Re: EMR - Emerald Oil and Gas


That's a highly conveinient way of taking credit for the hits and ignoring the misses. And let me get this straight, you're complaining about being questioned on a 6 week forecast being inaccurate at the tail end but you're allowed to compare a price target i mentioned from 4 years ago to one today??? lol!.. Oh you really got me good! hah.
The BIG difference is that I don't claim that the universe is aligned behind my predictions or that anything I say is an additional tool for analysis.

To be honest I don't even really have anything entirely specific against you doing this. Anyone that looses any money following astrology deserves to loose it and anyone that makes money probably deserves to win on the punt.. any way the profit comes eh? I also hope you've managed to squeeze money out of the gullible for it and not just give it away free. It's just annoying to see you taking personal credit for the hits when you also have people asking where you disappeared to after misses publically. And you replied saying everything was going to plan when it plainly wasn't. I normally do a good job self censoring this sort of thing but sometimes when it's in your face you have to pipe up and note the jesus on the toast is just toast eh?
 
Re: EMR - Emerald Oil and Gas

Holy(starry) **** shareastrology.com charges $682 per year. I'm a believer!.. I know one side biz venture I'm looking into this year. hah. I'm serious. I do e-enablement. Given me something to plan on a ho-hum day.
 
Re: EMR - Emerald Oil and Gas

EMR is in a trading halt till thursday or earlier pending an announcement..

Anyone care to take a stab on what we have to look forward to???

benwex
unhappy holder
 
Re: EMR - Emerald Oil and Gas

approval of native titles i would think

it had a short mention of it in the project update

any other ideas?
 
Re: EMR - Emerald Oil and Gas

Must be pretty short of cash for the number of projects coming up so possible they may be doing a capital raising?
 
Re: EMR - Emerald Oil and Gas

EMR and EXM are both in a trading halt this morning

they had previously been on the same project together

perhaps its related? take over? merger?
 
Re: EMR - Emerald Oil and Gas

Interesting commentary in the ARC Open Briefing today about Stokes Bay.

Stokes Bay 1 has two well defined zones of interest. The first zone of interest is in the
Anderson Formation sandstones where there is a probable five metres net oil reservoir.
Although this interval appears to be relatively poor quality reservoir, it needs to be tested
because it has the potential to be a significant oil reserve.
The second zone of interest is the Nullara Formation reefal interval. In contrast to the
Anderson, where the issue is reservoir quality, this zone is an excellent reservoir where we
lost over 10,000 barrels of drilling mud while we were drilling the well. Although we had
no drilling fluid returns and hence don’t know what is in the reservoir, pressure data
indicates potential for a significant hydrocarbon column. We plan to test this reservoir
again in the dry season when the weather allows us to return to the site.
 
Re: EMR - Emerald Oil and Gas

A bit of action today on reasonable volume. Possibly traders/investors positioning themselves for the impending re-commencement of drilling at Stokes Bay sometime this month (weather dependant!)
I used to jump in early & wait for these announcements, but current market sentiment has me holding on until the last possible moment. Would've been nice to have picked up at 7.1c late in Feb but has climbed steadily since then. Will be watching this one closely...
 
Re: EMR - Emerald Oil and Gas

In a trading halt as from today, so will find out what it's about by Wednesday start of play if an announcement isn't made prior. I hope it's the re-testing of Stokes bay, which would be in line with expectations as this is what sent EGO's share price soaring late last year as they are one of a number of the JV partners involved in this project. This stock was trading at around 30c late last year so at 10-12c this one appears good value.
I guess we'll see...
 
Re: EMR - Emerald Oil and Gas

Hey Jack,

Page 2 of the trading halt has EMR's request, it actually says its to do with some USA Acquisition

Cheers
 
Re: EMR - Emerald Oil and Gas

YOUNG_TRADER said:
Hey Jack,

Page 2 of the trading halt has EMR's request, it actually says its to do with some USA Acquisition

Cheers
Click to expand...

YT - your quite right. Somehow I missed page 2 altogether
Hopefully there will be more positive news soon then when the Stokes Bay testing is resumed then!
 
Re: EMR - Emerald Oil and Gas

Has anyone been watching EMR??

Its up 30% today on the back of their latest asset aquistions and funding arrangements...

It seems EMR is back in vogue with the day traders.

benwex
 
Re: EMR - Emerald Oil and Gas

benwex said:
Has anyone been watching EMR??

Its up 30% today on the back of their latest asset aquistions and funding arrangements...

It seems EMR is back in vogue with the day traders.

benwex
Click to expand...

Hey ben,

Had a quick read of the preso' but can't say I got too much out of it

Market certainly liked it though.

Funding deal looks to be a good bit of business.

Go the Canning
 
Re: EMR - Emerald Oil and Gas

what's every1s thoughts now at around 5c??? Im newly watching this one...........................................
 
Re: EMR - Emerald Oil and Gas

I cant believe how out of date this stock forum is with postings.
 
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