This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

IND - Indus Energy

Jump to new
Re: QPN - Quest Petroleum

Yes, this showed up on my trading list.

7 months of sideways trading, and huge spike in volume.

Probably oversold speccy after last oil find failed. Explains why so many orders are in at 0.005.
 
Re: QPN - Quest Petroleum

Chasero said:
Yes, this showed up on my trading list.

7 months of sideways trading, and huge spike in volume.

Probably oversold speccy after last oil find failed. Explains why so many orders are in at 0.005.
Click to expand...

Don't confuse the "old" QPN with the "new" QPN...


The "old" QPN was "oversold for good reason.

Now has been bought out by Prabu Energy and has a new board and management along with a completely new direction in the oil and gas rich region of South East Sumatra, with the newly acquired Ranau PSC covering 2,191km² of the prolific South Sumatra Basin.

New management:

Directors


John (Gus) Simpson

Chairman

Mr Simpson brings an extensive range of corporate and commercial expertise to the company. He is currently Executive Chairman of Peninsula Energy Limited a Wyoming focused energy developer and he has over 20 years experience in the management of companies with international operations.

Saxon Palmer

Technical Director

Mr Palmer is a geologist with over 20 years of experience and has appraised oil & gas opportunities in most of the major gas basins in the world. He has held senior management positions with BP and BHP Billiton and was most recently Exploration Manager (Australia/Asia) for BHP Billiton. Mr. Palmer brings extensive technical oil and gas expertise to the Board.

Brett Mitchell

Non-Executive Director

Mr Mitchell has worked for both private and publicly listed entities for the past 18 years as a corporate finance executive. He holds a Bachelor of Economics degree from the University of Western Australia and has specific experiance in the financial markets and resources sectors and is a member of the Australian Institute of Company Directors (ACID). Mr Mitchell is currently a director of Transerv Energy Ltd, Wildhorse Energy Ltd, Tamaska Oil and Gas Ltd and Clean Global Energy Ltd.

Greg Lee

Non-Executive Director

Mr Lee is a highly experienced petroleum engineer with 28 years of experience in oil and gas field development and management, petroleum/production engineering and drilling operations. Mr Lee operates as an independant consultant petroleum engineer to major oil and gas companies. Mr Lee is currently director of Verus Investments Ltd.


You will soon hear a lot more of Mochamad Thamrin...
http://www.asx.com.au/asxpdf/20110922/pdf/4217p4k0y6yg95.pdf
 
Re: QPN - Quest Petroleum

LOL...here I go again chatting to myself ;-)


Enjoy...link below for full details.

GREEN for go?


Short Term Indicators Average: 100% Buy

Medium Term Indicators Average: 100% Buy

Long Term Indicators Average: 67% Buy

Overall Average: 96% Buy

http://www.barchart.com/opinions/stocks/qpn.AX


Ava good weekend!
 
Re: QPN - Quest Petroleum

HS saw that today and was kicking myself as I have been watching that volume coming in. Will see whether interest runs into next week and may look for an entry but such a tiddler!



Your updates are appreciated.

Cheers.
 
Re: QPN - Quest Petroleum

impressive new management team, vast hydrocarbon rich territory scantily explored, shale tech energy revolution on the rise, seven months ground crawling showing signs of waking, optimal leverage...all boxes checked. my favorite trade profile.

holding @ .005
 
Re: QPN - Quest Petroleum

This does look very exciting. The concessions seem to be in a very promising area. The drills are easy, cheap and quick. The market is very close so development costs will be reasonable.

The new Boards talent looks exceptional and well suited for the location. And at .006 cents the leverage potential is enormous. It's currently valued at $12m and I think any sort of strike would cause an instant revaluing.

I'm in.
 
Re: QPN - Quest Petroleum

Got in this morning @ 0.006.

43mill shares bought this morning before 10:30am. Volume looking strong.

Looking for a break @ 0.006 with high volume. if it Closes @ 0.007 very bullish
 
Re: QPN - Quest Petroleum

Someone wanted some stock this morning...thats for sure.

Good announcement this afternoon.

3 wells for us to sweat over.

Such a small market cap, if enough people find out about who is involved here....and they will, who knows how big this will get.

The only down side for me is the potential cr and at what price????

Kiril.

I hold.
 
Re: QPN - Quest Petroleum

They are to deploy a drilling rig by 30 June 2012. Should stir up some interest.

Finally QPN moving in the right direction.
 
Re: QPN - Quest Petroleum

Chasero said:
Got in this morning @ 0.006.

43mill shares bought this morning before 10:30am. Volume looking strong.

Looking for a break @ 0.006 with high volume. if it Closes @ 0.007 very bullish
Click to expand...


If it wasn't for the manipulation od the sp at closing auction for b'all shares it would have easily closed at 7. The buying was strong into 7 in the afternoon session.

Great day in the park today with over 75m volume today and over 74m volume just 7 days ago.

No surprises here and it has only just begun...

Thamrin's appointment is much more significant than most realise. Except for Indonesian investors and expats here that keep an eye on things.
 
Re: QPN - Quest Petroleum


I missed what happened this afternoon..

How did 0.007 get wiped so easily??

Anyway, another nice volume day for QPN. Has easily broken out @ 0.006 with lots of trades between 0.007 and 0.006 for 2 days then wam O.O

Oh.. went to HC.

Someone bought out 35m shares.. wow.
 
Re: QPN - Quest Petroleum

Wow, been a really good yr for me.

Firstly NDO, then THR, now QPN!!

So happy it seems to have broken out today. Touching 0.009.
 
Re: QPN - Quest Petroleum

Have noted the positive action in QPN, quite good so far.

Chasero-
Why don't you let us know what the next one to follow is so that I can make some money instead of dispersing it to others.
 
Re: QPN - Quest Petroleum

jeff, i've been posting in this thread since qpn was 0.005!!

Same with NDO! lol

too bad asf doesnt have a thread for THR??

Note: I also make losses, CAP, NST to name a few.. (though I am still happy to hold)
 
Re: QPN - Quest Petroleum

Wow, 0.008, 0.009 and now it looks like 0.01 is going to be wiped today

170m++ shares traded. Im guessing it's going to run to at least 1.5 next week with this amount of volume behind it. (All IMO)

Happy to hold.
 
Re: QPN - Quest Petroleum

Chasero said:
Wow, 0.008, 0.009 and now it looks like 0.01 is going to be wiped today

170m++ shares traded. Im guessing it's going to run to at least 1.5 next week with this amount of volume behind it. (All IMO)

Happy to hold.
Click to expand...

Yes this is amasing, now over 214,000,000 and still going.

I bought in for the medium term potential of this but what is happening over the last few days has me in awe and very surprised. Still waiting for confirmation of drill and 2D seismic dates and most likely a few months away yet.

Definitely the potential of the Ranau PSC is rather significant, so I can only assume it is because of that. I know a few expats that have been buying but nothing like the volumes here of late.

My only regret not buying at 3 when I first started to research Ranau last year. Not complaining though, very pleased to see this happening.
 
Re: QPN - Quest Petroleum

Thanks to an alert by another ASF'r awhile back, I took a position at .006, and top up at .009 today.

The story in Indonesia looks like a prospect with possibilities and the current action would suggest some more upside perhaps in the short term.
 
Re: QPN - Quest Petroleum

I sold out today...

Don't want to be trapped due to a capital raising.

Already in too much profits to not protect it. Knowing I always sell out wayyy before I am meant to, I bet QPN will finish at like 0.014 and I will have missed about another 30% LOL
 
Re: QPN - Quest Petroleum

HS I don't know whether this is your review or not but there is a broker report out from Halifax Investment Services on the website under analyst coverage.

Quite positive on prospects for further developments with new leases and further exploration, plus fanfare about the new man on the job, and Gus.

Good move today and continuing the run on medium to high volume but with a slight sell off to be expected at the Friday end and possibly also due to that 1c level which may take a few revisits.
 
You must log in or register to reply here.

Similar threads

February 2025
2 3
Replies
57
Views
5K
ducati916
November 2024 DDD
2 3
Replies
53
Views
6K
ducati916
April 2024 DDD
3 4 5
Replies
98
Views
10K
ducati916
New ETF forum
Replies
10
Views
4K
Joe Blow
VUX - Vital Energy Inc. (TSX.V)
Replies
17
Views
4K
TacoTed
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...