IND - Indus Energy

[Trevoru]

Re: QPN - Quest Petroleum

A bit of a review includes QPN and CAZA towards the end of the report:

http://www.youtube.com/watch?v=AMGr3nAamWE

 

[Mase187]

Re: QPN - Quest Petroleum

The potential here is insane! but it doesnt seem to have the same interest as some of the other ones out there.. why?

 

[Trevoru]

Re: QPN - Quest Petroleum

Sellers outweigh buy at open - still waiting on Ann.
Caza up very slightly overnight but no Ann there either.
Waiting, waiting, waiting

 

[adobee]

Re: QPN - Quest Petroleum

holding some and have another buy at .013 really a bit of a gamble..
If they come up with results it should fly if they dont it will be a fizzer ...
wait and see i guess.

 

[Trevoru]

Re: QPN - Quest Petroleum

Caza up 6.97% in London, but on TMX opened at 0.082 but finished the day up 20% on a high 0.93 - pretty low volumes though - no update or Ann from Caza.
Hopefully some good signs for QPN next week.

 

[Trevoru]

Re: QPN - Quest Petroleum

QPNO volume of almost 26mil today - 11/03 expiry - but little action on heads.

 

[adobee]

Re: QPN - Quest Petroleum

still just waiting .. think we should have a company maker or a fizzer this week ..

 

[Mister Mark]

Re: QPN - Quest Petroleum

still just waiting .. think we should have a company maker or a fizzer this week ..

Or maybee this week, please?

 

[wazzarooni]

Re: QPN - Quest Petroleum

this is the week! lots of activity...

 

[Joe Blow]

Re: QPN - Quest Petroleum

this is the week! lots of activity...

Can you please be a little more specific? Why is this week "the week" and what is particularly interesting about the "lots of activity" you mention?

 

[wazzarooni]

Re: QPN - Quest Petroleum

Can you please be a little more specific? Why is this week "the week" and what is particularly interesting about the "lots of activity" you mention?

Next week is technically when its all supposed to happen, though there is some speculation it will happen earlier

 

[Joe Blow]

Re: QPN - Quest Petroleum

Next week is technically when its all supposed to happen, though there is some speculation it will happen earlier

I think you overlooked the part of my previous post where I asked you to be more specific.

1. What is supposed to happen next week?
2. When you said there was "lots of activity" what activity were you referring to and why is it significant?

 

[adobee]

Re: QPN - Quest Petroleum

For those with any interest ..

QPN which is involved in the drilling of Marian Baker #1 well an onshore gas prospect in Louisiana is now at 11,350 feet. The target is 14,000 to 16,000 .. Fingers crossed at 14,000 feet they start seeing gas and hydrocarbons .. One would expect this target to be reached late this week..

 

[wazzarooni]

Re: QPN - Quest Petroleum

https://invest.etrade.com.au/Quotes...spx?symbol=QPN&tab=ASX Company Announcements#

by my calculations it is late this week, early next!

 

[gsnz1]

Re: QPN - Quest Petroleum

For those with any interest ..

QPN which is involved in the drilling of Marian Baker #1 well an onshore gas prospect in Louisiana is now at 11,350 feet. The target is 14,000 to 16,000 .. Fingers crossed at 14,000 feet they start seeing gas and hydrocarbons .. One would expect this target to be reached late this week..

There is a well approx 400m away that was producing at ~11700ft so I am hoping for a "show" of some sort of HC to generate some interest. It has not been the usual run up to potential zones of interest in a speccy oiler.

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=230713

 

[Magic Man]

Re: QPN - Quest Petroleum

Havent really been following this one, my small spec is Baraka Petroleum. What can we expect from QPN`s share price with relatively positive news??

 

[gsnz1]

Re: QPN - Quest Petroleum

Havent really been following this one, my small spec is Baraka Petroleum. What can we expect from QPN`s share price with relatively positive news??

from an independant report...... disc i hold QPN & TNP

The Amazon prospect is estimated to be capable of holding 30 mmbbls of oil/
condensate plus 300 Bcf of gas at the P50 level, if hydrocarbons are present. Strachan
Corporate estimates that discovery at this level would be worth 10.6 cents per share on
fully diluted equity to Quest for its 15% working interest, while Transerv would see a 6
cent per share value uplift for its retained 5% and Tango Petroleum would also have
strong leverage of $1.20 per share for its 17.5% in the project.

http://www.qpnl.com.au/images/stories/exciting_explotation_on_the_gulf_coast.pdf

 

[Magic Man]

Re: QPN - Quest Petroleum

Still no announcements... is this a pipe dream?

 

[philly]

Re: QPN - Quest Petroleum

Still no announcements... is this a pipe dream?

The well spudded on 16 January 2011 and it was estimated to take 50 days to reach TD.
On my reckoning that would be on or about 7 March 2011... 10 days away.
Patience Magic Man

 

[Trevoru]

Re: QPN - Quest Petroleum

Still no announcements... is this a pipe dream?

16,000feet in 50 days = 320/day
Ann on 21/02 was pretty much on schedule at 11,350 = to get to 14,000 would be another 8 days.

Shouldn't expect anything until 1st or 2nd of March - for someone who wasn't holding as at 22/02 I'm not sure why the concern.