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Re: QPN - Quest Petroleum

very slow drilling imo ..
will sit and wait.. considering taking out tnpo instead of current holding of qpn .. see whats happening early next week ..
 
Re: QPN - Quest Petroleum

adobee said:
very slow drilling imo ..
will sit and wait.. considering taking out tnpo instead of current holding of qpn .. see whats happening early next week ..
Click to expand...

not much interest on the heads of tnp or much chat,same with tsv chat wise i think eveyone is just watching qpn threads they are going nuts reminds me of an old dog gdn days:banghead:
 
Re: QPN - Quest Petroleum

New well testing due between March 18th - 21st.... hopefully it is a motherload... any idea guys? This forum topic has gotten dead? Did everyone sell out?
 
Re: QPN - Quest Petroleum

BrightGreenGlow said:
New well testing due between March 18th - 21st.... hopefully it is a motherload... any idea guys? This forum topic has gotten dead? Did everyone sell out?
Click to expand...

Still here BGG, not much to say or research now. I've checked everything I possibly can and need the answers from the drillbit now. Just waiting for the announcements. Should be anyday hopefully as they are drilling in the zones that count as I type.

The announcements all the way from the start have implied the companies are very confident of finding some form of HC's so I am eagerly optimistic.

It must be hard being a Caza shareholder, they dont seem to give updates at all other than spud and TD and testing.

I think the ST price will be influenced by the oppies expiry. Part of me wants the investors that have held the oppies LT to get them over the line (for the good of the little Aussie battler Company) and part of me wants them to expire so it does not dilute the MC (little Kiwi battler ie ME:D). How much will it affect the ST price if the oppies are exercised?
 
Re: QPN - Quest Petroleum

whoohoooo, im excited.... hopefully we see ANN by Tues...!!!

Looks like my QPNO's might still be in play!
 
Re: QPN - Quest Petroleum

Fingers crossed.... any profit will be a good profit from this thing :) I guess no one has much info on the anticipated results? Any factors or feelings towards what we might see and related SP jumps or tumbles?
 
Re: QPN - Quest Petroleum

BrightGreenGlow said:
Fingers crossed.... any profit will be a good profit from this thing :) I guess no one has much info on the anticipated results? Any factors or feelings towards what we might see and related SP jumps or tumbles?
Click to expand...

i'll be happy with 4c on a positive announcement, dont hold much hope if its a duster. In the lap of the gods now so what will be will be. Interesting to note Caza is trading as usual today and no update from them. They operate a very tight ship and full credit to them for that.
 
Re: QPN - Quest Petroleum

gsnz1 said:
i'll be happy with 4c on a positive announcement, dont hold much hope if its a duster. In the lap of the gods now so what will be will be. Interesting to note Caza is trading as usual today and no update from them. They operate a very tight ship and full credit to them for that.
Click to expand...

Not a lot of action with Caza SP overnight - I would have thought something more on the back of our TH.

Seems that most of us have looked to Caza for some direction, but are we reading too much into thier SP - any thoughts?
TU :confused:
 
Re: QPN - Quest Petroleum

Unfortunately it's Plug & Abandon - not the good news we were all hoping for.
 
Re: QPN - Quest Petroleum

March 22, 2011

Caza Oil & Gas, Inc.



CAZA OIL & GAS PROVIDES AN OPERATIONAL UPDATE

ON ARRAN PROSPECT/MARIAN BAKER #1 WELL



HOUSTON, TEXAS (Marketwire - March 22, 2011) - Caza Oil & Gas, Inc. ("Caza" or
the "Company") (TSX: CAZ) (AIM: CAZA) has announced today that the Marian
Baker #1 well (the "Well") on the Arran prospect in Acadia Parish, Louisiana,
was drilled to a total depth of 15,462 feet on March 20, 2011.



Caza has analyzed data collected from the Well. Although several sand
sections exist throughout the wellbore, the log data indicates that the
targeted Middle Frio section between 12,500-15,462 feet has extremely low
porosity and permeability. The shallower sands in the Upper Frio sections
between 9,600-12,200 feet, which produce in the immediate area from the
Midland Field, appear to be wet at this location. However, based on log data,
the Company has reason to evaluate these shallower sands for additional
potential across its current acreage block. After determining that none of
the sands are likely to be productive at commercial rates, the Company has
sought approval from its partners in the Well to proceed with plug and
abandonment procedures.



Caza had a 25% working interest before casing point in the Marian Baker #1
well. The Well was drilled on time and within the estimated dry hole costs.



Following its release of yearend reporting documents later this week, Caza
will be making further operational announcements in the near future regarding
plans for its other projects including: Bongo/O.B. Ranch development, Windham
Wolfberry development and additional exploratory projects (including updates
on our future south Louisiana projects such as Tiree and Lewis).



Mike Ford, Chief Executive Officer of the Company, commented:



"Although results on the Marian Baker #1 well are disappointing, it is
important to note that because very little subsurface data exists in this area
at these depths, Caza expects that the data collected while drilling the well
will be valuable as we define additional high-value exploration prospects in
this area. Additionally, the Company will continue using a significant
portion of the funds from the equity raise in November 2010 on development and
exploratory drilling in 2011. Our cash reserves should have the Company well
placed to execute a strategy of revenue and reserve growth throughout 2011."

Well we all lose our money haha :(
 
Re: QPN - Quest Petroleum

BrightGreenGlow said:
March 22, 2011

Caza Oil & Gas, Inc.



CAZA OIL & GAS PROVIDES AN OPERATIONAL UPDATE

ON ARRAN PROSPECT/MARIAN BAKER #1 WELL



HOUSTON, TEXAS (Marketwire - March 22, 2011) - Caza Oil & Gas, Inc. ("Caza" or
the "Company") (TSX: CAZ) (AIM: CAZA) has announced today that the Marian
Baker #1 well (the "Well") on the Arran prospect in Acadia Parish, Louisiana,
was drilled to a total depth of 15,462 feet on March 20, 2011.



Caza has analyzed data collected from the Well. Although several sand
sections exist throughout the wellbore, the log data indicates that the
targeted Middle Frio section between 12,500-15,462 feet has extremely low
porosity and permeability. The shallower sands in the Upper Frio sections
between 9,600-12,200 feet, which produce in the immediate area from the
Midland Field, appear to be wet at this location. However, based on log data,
the Company has reason to evaluate these shallower sands for additional
potential across its current acreage block. After determining that none of
the sands are likely to be productive at commercial rates, the Company has
sought approval from its partners in the Well to proceed with plug and
abandonment procedures.



Caza had a 25% working interest before casing point in the Marian Baker #1
well. The Well was drilled on time and within the estimated dry hole costs.



Following its release of yearend reporting documents later this week, Caza
will be making further operational announcements in the near future regarding
plans for its other projects including: Bongo/O.B. Ranch development, Windham
Wolfberry development and additional exploratory projects (including updates
on our future south Louisiana projects such as Tiree and Lewis).



Mike Ford, Chief Executive Officer of the Company, commented:



"Although results on the Marian Baker #1 well are disappointing, it is
important to note that because very little subsurface data exists in this area
at these depths, Caza expects that the data collected while drilling the well
will be valuable as we define additional high-value exploration prospects in
this area. Additionally, the Company will continue using a significant
portion of the funds from the equity raise in November 2010 on development and
exploratory drilling in 2011. Our cash reserves should have the Company well
placed to execute a strategy of revenue and reserve growth throughout 2011."

Well we all lose our money haha :(
Click to expand...


lol.. i knew it was a dog. I should have known better.
 
Re: QPN - Quest Petroleum

hey guys, as a newbie what would you say the course of action is now? I had a small sum in QPN, do we sell at pre-open market value? hold a couple weeks and sell then? also any predictions as to what it will open at tomorrow?

thanks.
 
Re: QPN - Quest Petroleum

ChessPlayer said:
hey guys, as a newbie what would you say the course of action is now? I had a small sum in QPN, do we sell at pre-open market value? hold a couple weeks and sell then? also any predictions as to what it will open at tomorrow?

thanks.
Click to expand...

Hey.. hmm no idea, but if i can get out with a 40 - 50 percent loss ill take it. I will be out tomorrow.. DYOR though.
 
Re: QPN - Quest Petroleum

that sux thats one way to drill a $5.5m money pit... thankfully I dumped a fair bit during Japan crisis trying to protect some capital so not overly exposed... this was a very high risk play unfortunately with no reward.. Result of price will really now depend on what people think of there other projects...Its not going to be pretty but I also dont think one duster is the end of the line for this company they do have other stuff going on..
check out the investor report ...

http://www.qpnl.com.au/images/stories/documents/2011-02-09 qpn presentation - february 2011 v2.pdf

Wont be selling on open.. wait and see how it plays out
 
Re: QPN - Quest Petroleum

Hi Adobee - good post and reminder of potential upside for QPN - they don't appear to have done anything wrong with Amazon and had excellent support from Caza as a fair indication of the potential.
Time to sit back and see what they do now - hopefully something postive to look forward to, but if they don't explore and drill they can't find anything.
Important to remember that shares such as QPN are always done at our risk - there are plenty of worse companies out there.
Cheers and good luck to all they stay in for the future.
TU.
 

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