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HOG - Hawkley Oil and Gas

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If it drops further I would get out, it needs to find support on the charts as it did in Feb 12. The weekly volumes are small on the chart above, so if it drifts lower on low volume it means nobody wants to buy, and if it goes lower on high volume it means the last sellers are getting out.

I don't hold but would buy on a reversal on high volume, planning to sell at 25c with the poor bastards who bought at that price or higher in April 12.

gg
 

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prawn_86 said:
What are you trying to say? Simply linking 2 anouncements made 5 months apart doesnt seem to indicate anything fishy to me
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Have a look at the picture in each ann. the supposed pic of well 202 cleaning out is the exact same pic they used in 2010 from another well. They've changed the date on the timestamp but even left the time 22:41. They some funny guys over at HOG.
 
Announcement out today witht he supposed correct photo. No explanation as to why they doctored the date on the time stamp, just said it was an 'administrative error'
 
Notwithstanding the downright incompetence in posting the wrong photo, the absence of an explanation as to why the date was altered is inexcusable.

Why hasn't the ASX demanded a satisfactory explanation? They are very quick to issue "speeding tickets" for minor surges in a share price - how about some action when there is a serious credibility issue?
 
Looks really dodgy doesn't it ?

Very hard to understand why the SP has fallen so low - unless there is some significant problem that we havn't heard about.

The first well should still be producing good gas and oil. There should be progress with the new gas plant. The seeming failure of the second drill is a mystery. There appears to be little confidence in the stock.
 
prawn_86 said:
Announcement out today witht he supposed correct photo. No explanation as to why they doctored the date on the time stamp, just said it was an 'administrative error'
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I think someone got fired LOL

I understand a photo mix up and using the wrong photo but doctoring the time stamp!? This is a grave breach!!!! Makes you wonder what else is doctored.
 
WRONG'UN said:
The altered date on the photo, and no explanation.
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I would find it impossible to accept that level of deception and dishonesty too. A company won't do that unless there are some big problems, and they won't be that blatant and obvious unless they're desperate and/or completely incompetent.
 
Up nearly 18% today and closing on the high on increased volume ofver the last 2 days. No news released, looks as though you may have been right GG.

From a fundy perspective this co is still making enough money to cover drilling and should have its own gas plant coming online soon which will reduce costs even further.
 

HOG is finally getting some wind back into it's sails! I expect a company announcement soon as we near the end of the month.
 
nchardon said:
HOG is finally getting some wind back into it's sails! I expect a company announcement soon as we near the end of the month.
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On the money there. Ann today that their latest well is flowing at commercial rates and their gas plant should be ready mid Feb which will decrease costs and increase cash-flow evern further.

Looks as though someone had this news a few days early...
 

Has anyone heard of any further development plans such as new wells?
 
Doesn't seem as if any significant players are taking HOGs announcements seriously.

The announcement of a commercial gas flow from Soros 202 and the near completion of the company owned gas plant should increase real cash flow by at least 30%. And it was already doing well.

And yet the SP is looking sicker than a mangy dog !! Perhaps there is just no confidence in the whole HOG picture.
 


Looking at HOG's chart history over the past year concerning SP rises there is always a small sharp rise of several cents followed by a slight fall in share price over a few days before another rise exceeding the initial.

The initial rise usually comes a few days before a positive announcement (I assume people privy to the good news is my only guess), upon the announcement the share price flatens or drops, before rallying again and soaring past the initial high of the preceeding days.

I imagine with Hogs history a lot of people are waiting to see where this goes, whilst balking at putting any money of their own into the stock. I think we will need a concrete financial statement from the company showing the exact dollar figures before the big players put any money in, which hopefully will be out end of March (considering the mid Feb connection date to the Gas facility).

Again I am remaining patient on this one and holding, whilst anticipating a rise to the 18c - low 20c levels over the next few weeks leading up to Mid Feb, with anyones guess to how high or low it goes upon commercial production of 202 and the new gas facility being brought online.

No matter the case the SP is way under valued considering company assets.
 
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