Oil Stocks....Best Picks

[chicken]

At least on this thread there is some sanity not like what going on on the mgx thread on this site and the hotcopper site at the moment...lolol

I would go for CUE...ANALYST ,COME, xuey...AFTER ALL YOU CAUSE THE TROUBLE.....dont you

 

[TheAnalyst]

I would go for CUE...ANALYST ,COME, xuey...AFTER ALL YOU CAUSE THE TROUBLE.....dont you

I like you chicken think you are a good bloke...buy you a beer anyday...think u are on the ball with mgx but so was i..you should have accummulated at the lower price

 

[brisvegas]

C'mon brisvegas dont leave us waiting as it sound pretty good

AED is what im talking about . Matrix oil had this field but went belly up due to cash issues caused by technical problems . Crude was 18 bucks a barrel then.

........................ pete

 

[doctorj]

FAR- watch this stock today and Friday. Also note for LT holders this has incredible potential to become a 10x bagger because of the recent anouncement of a JV with HUNTOIL in their Senegal tenament...(certainly best junior oiler to watch).

I agree with most of your sentiments. Senegal is well beyond the league of blue sky for FAR. Partnering with Huntoil is good news; they're experienced elephant hunters. Grabbing a stake in 3 blocks off Senegal that are adjacent to the likes of WPL and HDR is amazing. Over the course of this year 3d seismic should identify some good targets for near term drilling.

FAR has several strings to it bow and is not a johnny come lately on the oil scene. It's worthy of discussion and there is a FAR thread buried here at ASF that discusses its Welder project. Head over there to discuss it further.

FAR currently has drilling underway at Eagle (40cps @ AUD$20 oil/AUD$5 gas based on p10 estimates) and SGT (5+cps) with more drilling at a few smaller projects and WA254 and Beibu Gulf to come just after. They've also just announced a 35% stake in a large area of under explored land in Texas that looks very likely.

Eagle is due to reach target depth late today or tomorrow. Provided wireline logs exhibit proof of hydrocarbons they will flow test it for 5 days before drilling a 1000ft horizontal section. The great thing about Eagle is they're drilling into a proven trap. A previous drill produced 223bopd and 0.7mmcfgd just 300m away on the vertical section before contractors stuffed up the drilling of the horizontal leg and mechanical failure meant the well had to be plugged and abandoned. Horizontal drilling has come a long way since and the drilling crews have agreed to a contract where they will only be paid for the horizontal leg on a successful basis. Eagle is expected to flow up to 1000bopd + gas and condensate.

 

[nizar]

I agree with most of your sentiments. Senegal is well beyond the league of blue sky for FAR. Partnering with Huntoil is good news; they're experienced elephant hunters. Grabbing a stake in 3 blocks off Senegal that are adjacent to the likes of WPL and HDR is amazing. Over the course of this year 3d seismic should identify some good targets for near term drilling.

FAR has several strings to it bow and is not a johnny come lately on the oil scene. It's worthy of discussion and there is a FAR thread buried here at ASF that discusses its Welder project. Head over there to discuss it further.

FAR currently has drilling underway at Eagle (40cps @ AUD$20 oil/AUD$5 gas based on p10 estimates) and SGT (5+cps) with more drilling at a few smaller projects and WA254 and Beibu Gulf to come just after. They've also just announced a 35% stake in a large area of under explored land in Texas that looks very likely.

Eagle is due to reach target depth late today or tomorrow. Provided wireline logs exhibit proof of hydrocarbons they will flow test it for 5 days before drilling a 1000ft horizontal section. The great thing about Eagle is they're drilling into a proven trap. A previous drill produced 223bopd and 0.7mmcfgd just 300m away on the vertical section before contractors stuffed up the drilling of the horizontal leg and mechanical failure meant the well had to be plugged and abandoned. Horizontal drilling has come a long way since and the drilling crews have agreed to a contract where they will only be paid for the horizontal leg on a successful basis. Eagle is expected to flow up to 1000bopd + gas and condensate.

hey doc u say eagle 40cps and sgt (+5cps), do u mean that this drilling at eagle and sgt will add 40+5=45c to the current share price or to the company earnings?? where u get these figures from?

 

[doctorj]

They're from Hartleys research. If you're a client you can access the report. The figure for SGT may be wrongly quoted (I'm just going by whatever my dodgy memory tells me!).

Hartleys calculated the 40cps for success at Eagle based on p10 estimates and AUD$20 oil and $5 gas.

If you're a client of Hartleys, speak to Simon there, he'll be able to provide you with more information about how its calculated. He handles FAR for them.

 

[crackaton]

Don't forget TAP,HDR and CUE

 

[powwww]

They're from Hartleys research. If you're a client you can access the report. The figure for SGT may be wrongly quoted (I'm just going by whatever my dodgy memory tells me!).

Hartleys calculated the 40cps for success at Eagle based on p10 estimates and AUD$20 oil and $5 gas.

If you're a client of Hartleys, speak to Simon there, he'll be able to provide you with more information about how its calculated. He handles FAR for them.

Might not get our 1000 bopd but we're likely to see some commercial value come from FAR. Hope your stock tip comes true for this month. I think it will likely follow a similar pattern to STX with abigger upside from SENEGAL in the longer term and SGT- considering the next SGT target will be relatively low risk and deeps is worth up to $2.00 per share. Anyway its a good thing that FaR is cashed up and ready to continue down this path.

They're my best speccy tip also.

 

[X Factor]

Keep a watch on EXR

Their big Jaguar drill is nearing target depth in the next 1 to 2 weeks.

Company maker prospect.

 

[crackaton]

Thanks x factor!!

 

[X Factor]

Crackaton I have put a couple of posts on the EXR thread, take a read of them, its good background information.

 

[crackaton]

Thx again. Keep an eye on BGF SBM MMN and CUE.

 

[powwww]

Watch FAR and partners VERY closely today...we know theres oil...should know today if its commercial and how much. good luck to all that hold...

 

[nizar]

STX is another 2 keep on the watchlist..

 

[YOUNG_TRADER]

Oil Futures in Iran, Interesting thoughts


hope the link works

http://www.aireview.com/index.php?act=view&catid=7&id=3705


If not go to http://www.aireview.com and its under the cherry picks category, titled Iran and Oil Futures