PRE - Pacrim Energy
- Thread starter amohonour
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Re: Pacrim Energy
PRE: 0.052 0.000 4:05pm
If you got in at 0.016 you've done well
I'd set a stop loss/ profit stop and adjust this up if the price continualy rises thereby keeping you in the game, but thats just me,however, if you're worried about seriously BAD news, sell out at where you feel comfortable...why do you want to sell? (take profits?) what then will you buy? is what i usually ask myself
JohnSmith
WOW just looked at the chart ...i'll post for comment
PRE: 0.052 0.000 4:05pm
If you got in at 0.016 you've done well
I'd set a stop loss/ profit stop and adjust this up if the price continualy rises thereby keeping you in the game, but thats just me,however, if you're worried about seriously BAD news, sell out at where you feel comfortable...why do you want to sell? (take profits?) what then will you buy? is what i usually ask myself
JohnSmith
WOW just looked at the chart ...i'll post for comment
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Re: Pacrim Energy
Only thinking about getting out as this is only the third lot of shares I have bought. Others are BGF doing well got in at .095 and URL .16 just starting to go. Only got Pacrim because I liked there Gold Exploration prospects. I dont really know what I am doing that is why I think about getting out dont want to be too greedy.
Only thinking about getting out as this is only the third lot of shares I have bought. Others are BGF doing well got in at .095 and URL .16 just starting to go. Only got Pacrim because I liked there Gold Exploration prospects. I dont really know what I am doing that is why I think about getting out dont want to be too greedy.
Re: Pacrim Energy
Announcement today on director selling some shares.
Very interesting, the market soaked up the on-market sale, and someone was willing to take the whole off-market sale.
they're gold newz is gud, but energy newz is betta. Chart backs up something more than just the gold we already knowz .
duz any1 else have something to add?
Announcement today on director selling some shares.
Very interesting, the market soaked up the on-market sale, and someone was willing to take the whole off-market sale.
they're gold newz is gud, but energy newz is betta. Chart backs up something more than just the gold we already knowz .
duz any1 else have something to add?
Re: Pacrim Energy
Well looks like some pump 'n' dump move.
Am out completely, with good profitz.
I wouldn't stay in it. It'll take a while before anything happenz with their West Basin discovery in terms of $$ on the table.
am eyeing some other specz like Nuenco (NEO). Looks way undervalued if their recent discoveries total at least 10bcf. Just waitin' on the news before I commit me hard earned.
anybodie here 'ave a betta clue ?
Well looks like some pump 'n' dump move.
Am out completely, with good profitz.
I wouldn't stay in it. It'll take a while before anything happenz with their West Basin discovery in terms of $$ on the table.
am eyeing some other specz like Nuenco (NEO). Looks way undervalued if their recent discoveries total at least 10bcf. Just waitin' on the news before I commit me hard earned.
anybodie here 'ave a betta clue ?
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Re: Pacrim Energy
Different volume scales on the left and right axis for pink and black.amohonour said:Question on your charts why are there black and pink bars in the volume are some buy and some sell?
Porper
Ralph Nelson Elliott
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Re: Pacrim Energy
Hello Johnsmith,
I hold Neo, they hardly seem to be setting the world alight at the moment, but the potential is certainly there.
They seem to have found lots of gas, but no numbers yet, maybe a few weeks before we get some figures so Neo may well just trade in their narrow range for a while.If it is good news they could easily double or treble overnight, my view only of course.People seem intent on getting the big oil strike when in actual fact the gas is a bigger deal than traders/investors think.
johnsmith said:
Hello Johnsmith,
I hold Neo, they hardly seem to be setting the world alight at the moment, but the potential is certainly there.
They seem to have found lots of gas, but no numbers yet, maybe a few weeks before we get some figures so Neo may well just trade in their narrow range for a while.If it is good news they could easily double or treble overnight, my view only of course.People seem intent on getting the big oil strike when in actual fact the gas is a bigger deal than traders/investors think.
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PRE: Gas & U.S. =$$$$
PRE is about to commence their drilling program in the U.S. There will be an announcement on Monday or Tuesday re the pending drilling program. Gas is at record highs in the U.S. and winter is on its way. PRE = money in the bank. Prove me wrong.
PRE is about to commence their drilling program in the U.S. There will be an announcement on Monday or Tuesday re the pending drilling program. Gas is at record highs in the U.S. and winter is on its way. PRE = money in the bank. Prove me wrong.
Re: Pacrim Ltd. (PRE)
Sadly first ann was a bit of a fizzer wish they would just get straight into it instead of fluffing around. This coy has heaps on at the moment and someone has been really buying up of late. Seems to have found support at this level I have a lot of faith in this coy especially with them turning a bit of attention towards their gold prospects of late. Hold and wait
Sadly first ann was a bit of a fizzer wish they would just get straight into it instead of fluffing around. This coy has heaps on at the moment and someone has been really buying up of late. Seems to have found support at this level I have a lot of faith in this coy especially with them turning a bit of attention towards their gold prospects of late. Hold and wait
Re: Pacrim Ltd. (PRE) to commence drilling on monday
PACRIM Energy expects to spud the first well in a three-well program in the North Sacramento Basin by the end of this month, the company said in its latest quarterly report.
Expected to arrive on Monday October 31, the delayed exploration rig will move immediately to start drilling the McClure Ranch prospect.
Drilling was initially scheduled to start in September, but rig availability is very restricted in California, the company said earlier this month.
Other quarter highlights in the Basin include an aggressive leasing program, a completed A$7.5 million funding program and 100% acquisition of the project through wholly-owned subsidiary Pacrim US Energy Corp.
"The land bank is now in excess of 50,000 acres under lease, an increase of 30,000 acres from an initial position of approximately 20,000 acres leased," managing director Rodney Foster said.
Pacrim said the project contained numerous ready-to-drill prospects, each with multiple objectives. Prepared well sites at the most advanced prospects, including McClure Ranch and Plymire Road, are up-dip of previous gas shows targeting the apex of structures with four-way closure, it said.
In addition, recently acquired data had improved the project's chance of success, according to Foster.
"Targeting has been further refined with the benefit of recently obtained information from seismic data along with well control from previous drilling in the district," he said.
He added that availability of nearby pipelines and gas transmission infrastructure would enable fast tracking of production into a buoyant market upon a gas discovery.
Also during the quarter, Pacrim completed a fully underwritten shareholder purchase plan to raise $7,500,000 to advance the Northern Sacramento project, as well as providing working capital for existing projects.
A total of 79,450,000 shares were issued, with 55 million to Nahabedian Exploration Group nominees under the aquisition agreement and the remainder to consultants
PACRIM Energy expects to spud the first well in a three-well program in the North Sacramento Basin by the end of this month, the company said in its latest quarterly report.
Expected to arrive on Monday October 31, the delayed exploration rig will move immediately to start drilling the McClure Ranch prospect.
Drilling was initially scheduled to start in September, but rig availability is very restricted in California, the company said earlier this month.
Other quarter highlights in the Basin include an aggressive leasing program, a completed A$7.5 million funding program and 100% acquisition of the project through wholly-owned subsidiary Pacrim US Energy Corp.
"The land bank is now in excess of 50,000 acres under lease, an increase of 30,000 acres from an initial position of approximately 20,000 acres leased," managing director Rodney Foster said.
Pacrim said the project contained numerous ready-to-drill prospects, each with multiple objectives. Prepared well sites at the most advanced prospects, including McClure Ranch and Plymire Road, are up-dip of previous gas shows targeting the apex of structures with four-way closure, it said.
In addition, recently acquired data had improved the project's chance of success, according to Foster.
"Targeting has been further refined with the benefit of recently obtained information from seismic data along with well control from previous drilling in the district," he said.
He added that availability of nearby pipelines and gas transmission infrastructure would enable fast tracking of production into a buoyant market upon a gas discovery.
Also during the quarter, Pacrim completed a fully underwritten shareholder purchase plan to raise $7,500,000 to advance the Northern Sacramento project, as well as providing working capital for existing projects.
A total of 79,450,000 shares were issued, with 55 million to Nahabedian Exploration Group nominees under the aquisition agreement and the remainder to consultants
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