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Re: QPN - Quest Petroleum

Hi Urga,

Took your comment on the OXX thread, had a look at QPN, and have started to jump in. As you say, this has BESBS potential.
While there are no guarantees in this game and the risk is exactly when will the drill start, one can assume that it most likely will occur in Q1 2013 given regulatory approval and the timing of the CR. If this is the case, then there is much to recommend QPN as a BESBS (or into the drill) play:

* I am looking at a 1-3 month wait on a funded drill that is targetting an estimated (up to) 59mmbbl or 340Bcf gas on the first drill.
*The drill is a big target. This should attract some trader attention.
* The CR provides funds but importantly is placing a platform under the SP.
* One can buy in at the CR price. This removes the risk of being caught holding more expensive stock if punters quickly unload SPP stock.
* The SP has moved between .009 and .012c upon speculation/action in the past. If the market holds, one can hope for a similar response. If so, a potential return of 50-100% is not out of the question.
* MC is relatively low for a drill this size.
* The SP is so low that the leverege is very significant at .006c entry.

As always, DYOR. That said, I am happy to be entering QPN and will continue to buy in the short term.

Holding at .006c

<blockquote data-quote="BESBS Player" data-source="post: 742609" data-attributes="member: 20934">Re: QPN - Quest PetroleumHi Urga,Took your comment on the OXX thread, had a look at QPN, and have started to jump in. As you say, this has BESBS potential.While there are no guarantees in this game and the risk is exactly when will the drill start, one can assume that it most likely will occur in Q1 2013 given regulatory approval and the timing of the CR. If this is the case, then there is much to recommend QPN as a BESBS (or into the drill) play:* I am looking at a 1-3 month wait on a funded drill that is targetting an estimated&nbsp; (up to) 59mmbbl or 340Bcf gas on the first drill. *The drill is a big target. This should attract some trader attention.* The CR provides funds but importantly is placing a platform under the SP. * One can buy in at the CR price. This removes the risk of being caught holding more expensive stock if punters quickly unload SPP stock.* The SP has moved between .009 and .012c upon speculation/action in the past. If the market holds, one can hope for a similar response. If so, a potential return of 50-100% is not out of the question.* MC is relatively low for a drill this size.* The SP is so low that the leverege is very significant at .006c entry.As always, DYOR. That said, I am happy to be entering QPN and will continue to buy in the short term.Holding at .006c</blockquote>

[QUOTE="BESBS Player, post: 742609, member: 20934"] [b]Re: QPN - Quest Petroleum[/b] Hi Urga, Took your comment on the OXX thread, had a look at QPN, and have started to jump in. As you say, this has BESBS potential. While there are no guarantees in this game and [I][U]the risk is exactly when will the drill start[/U][/I], one can assume that it most likely will occur in Q1 2013 given regulatory approval and the timing of the CR. If this is the case, then there is much to recommend QPN as a BESBS (or into the drill) play: * I am looking at a 1-3 month wait on a funded drill that is targetting an estimated (up to) 59mmbbl or 340Bcf gas on the first drill. *The drill is a big target. This should attract some trader attention. * The CR provides funds but importantly is placing a platform under the SP. * One can buy in at the CR price. This removes the risk of being caught holding more expensive stock if punters quickly unload SPP stock. * The SP has moved between .009 and .012c upon speculation/action in the past. If the market holds, one can hope for a similar response. If so, a potential return of 50-100% is not out of the question. * MC is relatively low for a drill this size. * The SP is so low that the leverege is very significant at .006c entry. As always, DYOR. That said, I am happy to be entering QPN and will continue to buy in the short term. Holding at .006c [/QUOTE]

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