EMR - Emerald Resources

[chicken8]

Re: EMR - Emerald Oil and Gas

UPKA

Suggestion that large seller/s could be the sophisticated investors who got in at 18c via placement.


This is the best thread I have ever read, imo.

if only share prices were based on quality of threads

i am quite new at the oil and gas sector but i heard suggestions that with exploration drilling for oil as soon as the drilling is complete, and they hit, the company will move into production.

is this true? and if so what is the expected sp of EMR if canning turns into production?

 

[zt3000]

Re: EMR - Emerald Oil and Gas

Another good day at the office -22% rise. In the last 6 trading days, we've only had one fall, and that was only 2.4%.


It looks as though EMR is finally being 'discovered'. IMO this should snowball this week providing that Cow Jones doesn't end up in the slaughterhouse again.

MOOOOOO Thats one big reason i'm reluctant to hold any small speccies .... but then again you see EGO's performance last week when everything was going to (oooo) that in the brackets are little roo poos hahaha

Will be interesting non the less

 

[bhutos]

Re: EMR - Emerald Oil and Gas

yes definately, with recorde volume going through today, im sure this one will pop up on alot of traders' radars. lots of buyers around the 27-28c level, bt there's always someone dumping 100k shares at a time, dunno if its the same person tho.

Well even at 28c it's a steal compared to getting into EGO atm. I missed out on the post announcement dip because I was a bit too slow but I bought more @ 28c. I sold out of EGO at .035 and put it on EMR though so I didn't mind too much about a cent here or there... figured it would be better now some of the EGO sentiment is bleeding into EMR rather than cry tomorrow..

 

[Pommiegranite]

Re: EMR - Emerald Oil and Gas

MOOOOOO Thats one big reason i'm reluctant to hold any small speccies .... but then again you see EGO's performance last week when everything was going to (oooo) that in the brackets are little roo poos hahaha

Will be interesting non the less

EMR have a strong cash position. So do EGO on that note.
So they will keep drilling until they find something.

Its the speccies with only enough cash for 3-6 months are the ones to watch out for i.e cap raising in the offiing.

 

[jtb]

Re: EMR - Emerald Oil and Gas

if only share prices were based on quality of threads

i am quite new at the oil and gas sector but i heard suggestions that with exploration drilling for oil as soon as the drilling is complete, and they hit, the company will move into production.

is this true? and if so what is the expected sp of EMR if canning turns into production?

Chicken- depends on what they get.
Condensate or oil will be separated and trucked out, Mobile production assemblies are available (skid mounted)

Empire use one at RR which can be duplicated or redeployed (due to production decilne).

Oil facilities also exist at the east end the fault (Kora).

Separated gas could be re-injected into the reservoir until pipework is installed.Talk of a great northern pipeline has been going around for some time, to NW reserves with export facilities and ultimately the existing SW link (DBGP).
This is becoming a priority as energy restrictions are hampering new development in both the NW/Pilbara/Mid-west but also chemical process and generation needs in the SW half.

Pricewise its impossible to say but it will be lots more than what it is atm

 

[jtb]

Re: EMR - Emerald Oil and Gas

Chicken- be aware that EGO's previously stated target size (for years) is VASTLY different (@ 10% chance of success) than ARQ's most recent (@ 50%).
If we use ARQ's conservative figures of 380Bcf and 19mmbls (Valentine) and then apply the strict values of $18 bbl (retail >$60) and 35c Mcf (retail >$6).

Then a discovery is worth >4c to EGO and 58c for EMR.

A target of 1TCF or 200mmbls than your probably @ the lower end yes, but remember that a lot stands between drilling the hole and $$$.

 

[Miner]

Re: EMR - Emerald Oil and Gas

Hi Guys

In connection with EMR thread can I ask some dumb questions.
1. What is the Relationship between EMR and EGO. I realise both are speculative oil exploration companies and noticed EGO has sky rocketted and top of August competition. Every discussion of EMR brings EGO into picture.
2. What is meant by IMO ?
3. Why in a forum some people use acronyms as not every one in this forum to understand those acronyms. May be Joe consider to publish a list of commonly used acronyms and the gurus continue using their short acronyms and cryptic languages. No criticism but to understand your valuable communication.

Regards

Miner

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

Miner

IMO - in my opinion


There is also, IMHO - in my honest (humble) opinion.




Night.

 

[doctorj]

Re: EMR - Emerald Oil and Gas

You'll get used to the acronyms. It is part and parcel of the forum world I'm afraid. Just like trading, the internet has a language all its own that you'll learn through time. I recommend using google to decipher any new acronyms you stumble upon.

EMR and EGO keep getting brought up in the same breath because they're currently part of a JV drilling a well in the Perth Basin. The operator is ARQ and the other ASX listed partners are FAR, PCL.

Hi Guys

In connection with EMR thread can I ask some dumb questions.
1. What is the Relationship between EMR and EGO. I realise both are speculative oil exploration companies and noticed EGO has sky rocketted and top of August competition. Every discussion of EMR brings EGO into picture.
2. What is meant by IMO ?
3. Why in a forum some people use acronyms as not every one in this forum to understand those acronyms. May be Joe consider to publish a list of commonly used acronyms and the gurus continue using their short acronyms and cryptic languages. No criticism but to understand your valuable communication.

Regards

Miner

 

[UPKA]

Re: EMR - Emerald Oil and Gas

Hi Guys

In connection with EMR thread can I ask some dumb questions.
1. What is the Relationship between EMR and EGO. I realise both are speculative oil exploration companies and noticed EGO has sky rocketted and top of August competition. Every discussion of EMR brings EGO into picture.
2. What is meant by IMO ?
3. Why in a forum some people use acronyms as not every one in this forum to understand those acronyms. May be Joe consider to publish a list of commonly used acronyms and the gurus continue using their short acronyms and cryptic languages. No criticism but to understand your valuable communication.

Regards

Miner

Hi Miner,

if you are really interested in EGO n EMR, i'd suggest you to go thru the posts, some r quite informative. I'm sure you'll find all you need to know from the two threads.

 

[moneymajix]

Re: EMR - Emerald Oil and Gas

Morning All,


EMR doing nicely this morning as you all know, I am sure.
31c, up over 10%.

Not unexpected, to most of those who read this thread and its excellent posts.


I should have followed UPK's lead when replying to Miner's post in the wee hours! Less is more, sometimes.

Cheers

 

[UPKA]

Re: EMR - Emerald Oil and Gas

Morning All,


EMR doing nicely this morning as you all know, I am sure.
31c, up over 10%.

Not unexpected, to most of those who read this thread and its excellent posts.


I should have followed UPK's lead when replying to Miner's post in the wee hours! Less is more, sometimes.

Cheers

IS ANYONE WATCHING EGO? its js exploded, no idea why!? Surely ppl r buying it not because the SP is cheaper than EMR? doesnt anyone look at the market cap anymore?

 

[zt3000]

Re: EMR - Emerald Oil and Gas

Yeah EGO went ballistic ... i'd say EMR is better value now in comparison but i think the problem is that it's already 30c. Its easier for a stock to move IMO from 2c to 4c then 30c to 90c

 

[chicken8]

Re: EMR - Emerald Oil and Gas

Yeah EGO went ballistic ... i'd say EMR is better value now in comparison but i think the problem is that it's already 30c. Its easier for a stock to move IMO from 2c to 4c then 30c to 90c

based on the SP alone i would agree with you

but not in terms of market cap

i mean EGO has now got 5 times the market cap of EMR

and not long ago they were quite similar in market cap

i'm sure that alot of people in EGO right now don't even know what the company does, but bought purely due to the action they were getting

 

[UPKA]

Re: EMR - Emerald Oil and Gas

based on the SP alone i would agree with you

but not in terms of market cap

i mean EGO has now got 5 times the market cap of EMR

and not long ago they were quite similar in market cap

i'm sure that alot of people in EGO right now don't even know what the company does, but bought purely due to the action they were getting

Agreed, due to EGO's volume, it has been the most traded stock on ASX for the last few weeks, which caught many eyes. EMR in the other hand is a quiet performer, it'll take sometime for ppl realise its value, so patience is the key my friend.

 

[jtb]

Re: EMR - Emerald Oil and Gas

I wouldn't want to be mister 6.3c atm

Nobody can say they weren't or haven't been warned.

In regard to small cap stocks not running from this SP.
Look at TRF / FWL / ADI /AUT / GDN twice / etc etc

Onwards and upwards

 

[zt3000]

Re: EMR - Emerald Oil and Gas

Whats the EMRO exercise price and date? Just trying to figure out its value. Thanks people I'm guessing its about 30c but i could be wrong cheers

 

[jtb]

Re: EMR - Emerald Oil and Gas

20c - May 2008

Note - after scheduled testing of adjacent lease.

I expect the premium to close to 10c shortly, will be worth monitoring the dif'

 

[zt3000]

Re: EMR - Emerald Oil and Gas

20c - May 2008

Note - after scheduled testing of adjacent lease.

I expect the premium to close to 10c shortly, will be worth monitoring the dif'

What you mean but the after scheduled testing part jtb?

Already 10c in the money ... hrmmm ... yes will be worth monitoring

 

[jtb]

Re: EMR - Emerald Oil and Gas

What you mean but the after scheduled testing part jtb?

zt- refer my post #82-

EP405-6 has been slated for drilling Q2 2008 for some time. I get the impression that the NT approvals are expected this year.