Australian (ASX) Stock Market Forum

HOG - Hawkley Oil and Gas

Jump to new
I agree that it looks as if there will be a drilling announcement if you use the Sept 30th information.

However according to later reports (Oct 6th) they expect the drill to hit the anticipated oil zone at end Oct/early November. Also the announcement made specific mention of the reserves as distinct from drilling info.

So we should see 2 distinct events. Reserves info tomorrow and drilling info in 2 weeks

Cheers

http://www.hawkleyoilandgas.com//me...arch-note-180/DJ-Carmichael-research-note.pdf

http://www.hawkleyoilandgas.com//me...-note-179/Hartleys-research-note-October6.pdf
 
basilio said:
Reserves upgrade out for Sorochynska field. 300% increase in 2P reserves. Looking at $567 m production from the Soroch field alone. Like to think that causes some review of the SP...

Now lets see what happens with the Chets drill.
http://newsstore.fairfax.com.au/app...rkets.theage.com.au/apps/qt/quote.ac?code=hog
Click to expand...

So it's now below opening price after a 300% increase in reserves. God help us if Chets proves to be a gusher ! It will probably fall through the floor.:eek:
 
Well, this stock is purely mystifying.

I had a grin from ear to ear as i watched in the preopen the price soar 12%.

Had thoughts of putting in a sell for 35c but was sadly distracted by a course im doing at the moment.

Then such a massive fade?

What the hell? Trippling of reserves = price down?

Crazy talk!
 
I think today is another confirmation that is market is seriously spooked. It looks as if the moment there is a dollar on the table it gets whipped off regardless of the future prospects.
 
basilio said:
I think today is another confirmation that is market is seriously spooked. It looks as if the moment there is a dollar on the table it gets whipped off regardless of the future prospects.
Click to expand...

HOG just continues to be a dog of a stock, I'm not sure what kind of news it will take to turn it around. I hold in hope.
 
Oil stocks have not done well in the last few months; their success depends largely on economic growth. I would say wait until some economic good news, then the stock will have a nice little rally.
 
The latest Hartleys report is pretty encouraging in the LONG TERM. They state 'the unrisked potential...is for 600cps!!

How amazing is that.
Read the report on the HOG website.
 
Well, 29 Oct, their scheduled monthly progress report day, was a Saturday, so I'd say today is near enough.

More to the point, they now have nearly $2m more cash than at the start of the quarter ($17.1m v $15.2m), in spite of the Chernetska-1 costs. At that rate, even if Chernetska is a duster, they should be able to drill Sorochynska-202 without running down their cash reserves. And, being only 400m from Sorochynska-201, 202 is odds-on to be a producer as well, so Chernetska would be a bonus.

Well that's the way I see it - I'm sticking around.
 
WRONG'UN said:
Well, 29 Oct, their scheduled monthly progress report day, was a Saturday, so I'd say today is near enough.

More to the point, they now have nearly $2m more cash than at the start of the quarter ($17.1m v $15.2m), in spite of the Chernetska-1 costs. At that rate, even if Chernetska is a duster, they should be able to drill Sorochynska-202 without running down their cash reserves. And, being only 400m from Sorochynska-201, 202 is odds-on to be a producer as well, so Chernetska would be a bonus.

Well that's the way I see it - I'm sticking around.
Click to expand...

I agree with wrong'un stick around and watch this baby's SP rise over the coming months
 
Well HOG finished down again today.

Really interesting watching the play on the market. On almost any rational basis it is undervalued purely on what has been discovered and brought to production. It is making good profits with its current well and there is $560m + proven reserves on that profile.

The Cherneska drill is within a couple of weeks of striking paydirt. Not certain of course but probably 75% chance. If it does confirm the original results the value has to go up at least 100% - probably more.

And yet at 3.55 today someone dumps 200,000 shares at market and the buyers are essentially bottom feeders Someone won't wait for 2 weeks.

Then you look at AUT which is certainly a couple of years ahead but it is going gang busters. I suppose there is a far more committed and fervent group of punters on the AUT bandwagon. Interestingly enough AUT has been marked as a reduce by the analysts. They think it is overbought at the current price ...

Lets hope that Europe doesn't go up in puff of smoke.
 
75% sounds reasonable, and makes the whole thing worth waiting for in my book.

Time will tell whether dumping 200,000 shares was a smart/inspired move -there could have been a number of reasons, including playing games.
 
basilio said:
A few more punters bailed out of HOG yesterday forcing the SP down again.

Seems from the most recent investor note that the Cherneska drill is now going to hit the oil zone in late Nov/early Dec..:banghead: It seems the replacement of the down hole motor in the drill took longer than expected.

http://www.hawkleyoilandgas.com//me...-Carmichael-research-note-192/DJ-research.pdf
Click to expand...

Down to 21.5 today, how depressing :( wish I had some more cash though because I would load up on some more.
 
nchardon said:
Down to 21.5 today, how depressing :( wish I had some more cash though because I would load up on some more.
Click to expand...

EXACTLY how I felt ! Actually I'm peeded off because I thought from the Oct drilling report that they would hit paydirt around 15-18th Nov. So I went back in a week ago and used up all my juice.

If I had known about the late Nov/early Dec timetable I would have waited another couple of weeks. In fact I think there must be punters who are simply unaware of the change in drilling timetable and are "panicking" - hence the sales today and yesterday.

Truly HOG is an absolute bargain at todays prices given the established cash flow and current reserves.
 
The thing I really dislike about this stock, and what keeps me from buying, is the complete lack of liquidity. I can't even buy any significant amount of shares without significantly affecting the SP, which seems just insane :banghead:
 

Similar threads

System
OMA - Omega Oil & Gas
Replies
3
Views
1K
eskys
E
ducati916
May 2024 DDD
2 3 4
Replies
69
Views
7K
qldfrog
qldfrog
TacoTed
American Potash Corp - CSE: KCL | OTC: APCOF | FRA:2P3
Replies
4
Views
2K
TacoTed
TacoTed
System
AQO - Ambassador Oil and Gas
Replies
2
Views
8K
System
System
springhill
EOR - EOR Group
Replies
2
Views
5K
System
System
Top