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Re: QPN - Quest Petroleum

BESBS Player said:
Accumulating at .006c.
Click to expand...

Quite a nice descending triangle since April 2012.

Usually breaks down but can break up.

Best with it.

big.chart


gg
 
Re: QPN - Quest Petroleum

Hi Garpal,

Once drilling is confirmed, we should see some movement at the station.
Waiting patiently...

Holding at .006c
 
Re: QPN - Quest Petroleum

basilio said:
Be good to know when drilling will start. This seems to drag out longer than Ben Hur. My last recollection was drilling to start in December.

http://www.proactiveinvestors.com.a...south-sumatra-oil-and-gas-drilling-35847.html

http://www.proactiveinvestors.com.a...il-and-gas-production-on-its-radar-37107.html
Click to expand...

yeah would be good to know. Seems that QPN are putting all the pieces in place to build a solid production base in addition to their exploration strategies. Perhaps the "perfect storm" will be worth the wait.
 
Re: QPN - Quest Petroleum

Been picking up more QPN. Quarterly was largeley as expected. Cash to go, just waiting on finalisation of an agreement with local landowners. Wet season should end relatively soon. I'm expecting a drill around April. Reminds me a lot of the shareprice 'calm' of BKP before MacIntyre. After a false alarm, finally drilling got underway and early holders reaped a very nice BESBS (Buy Early Sell before Spud) profit. Hoping that this runs in a similar way.

Holding QPN at .006c
 
Re: QPN - Quest Petroleum

Nice to see John Campbell's Oiler's Weekly reviewing QPN in the last edition.

Options Corner
"Listed options can offer great leverage to the head shares particularly when they are well out of the money and trade for just a few cents or less. Should the head shares suddenly take off towards the options exercise price the options can move quite far quite fast.
Quest Petroleum is to drill the Kayumanis #1 well in its Ranau PSC onshore Sumatra Ranau PSC sometime later this year. It is said to have a target potential of 59 mmbbls of oil or 340 Bcf of gas"... .

I won't print more as it is a subscription publication but it does show growing interest among professional ranks in QPN. With the market seeming to be growing in confidence, and the way $$$ have chased LKO in the last week, the short-term environment for exploratory oilers with imminent projects looks positive.


Holding at .006c
 
Re: QPN - Quest Petroleum

in at .006 (averaging down from .010 long time lock-in)
could of waited for a buy @.005 but did'nt want to risk missing the boat.
 
Re: QPN - Quest Petroleum

There has been a big selldown of QPN shares this afternoon. 39 M shares sold at .005 .

Someone is trying to get out quickly. :(
 
Re: QPN - Quest Petroleum

I'm confident sp will inevitably head north in due time, but these little sell-offs at this stage in the absence of negative announcements mystify me. Any insiders care to share your knowledge and experience?
 
Re: QPN - Quest Petroleum

bought in at 0.006 i reckon if they find oil in there first well and it contains 59mmboe we could see the price go to 3-4cps hope they do just waiting for drilling date
 
Re: QPN - Quest Petroleum

urgalzmine said:
Firsty they need to announce a drill date.

Then we can dream after that
Click to expand...

On the topic, is there any indication as to when the drilling will be? This company is very quiet considering they have said they want to drill 3 wells this year
 
Re: QPN - Quest Petroleum

prawn_86 said:
On the topic, is there any indication as to when the drilling will be? This company is very quiet considering they have said they want to drill 3 wells this year
Click to expand...

Thats very true i was thinking the same they had better get there running shoes on cause we are in march now it will soon be the middle of the year i reckon they will drill only one this year depends if they can and when hire the drill rig at least it will be the dry season there maybe thats the time they want to drill

waiting patiently
 
Re: QPN - Quest Petroleum

since they announced middle of Nov their plan to drill the following month, i'd expect ducks to be in a row by dry season this year. Given past SP sensitivity to favorable points but non-activity related announcements. I anticipate a robust move when real action gets underway. just MO
 
Re: QPN - Quest Petroleum

Still waiting for QPN to announce a drill. I agree with comments above...drilling dates are needed to get the SP moving. Once a drill is announced, then it should be quick movement (assuming that the general market is perceived as okay at the time). From a Buy Early Sell before Spud (BESBS) or even to sell during a drill, you only need the first drill. bring it on soon now the dry season should be settling...

Holding at 0.0055c
 
Re: QPN - Quest Petroleum

yet another vip on board with Quest with impressive track record and expertise. Gee...i wonder how that land access agreement with the landowner is coming along... you know...so they can set a spud date?
 

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