Gotta say this has been a day traders dream stock.
Up 20% today. I wonder how far it can run? Definitely the most ramped up stock on other forums tho.
PRM - Prominence Energy
- Thread starter yogi-in-oz
- Start date
Gotta say this has been a day traders dream stock.
Up 20% today. I wonder how far it can run? Definitely the most ramped up stock on other forums tho.
Seriously.
This breakout is an absolute rocket.
23c to 40c in a week. That is just a 1 bagger though.
Might keep running, who knows?
24 Apr 2012 0.039 11.43% 0.041 0.032 72,093,345
23 Apr 2012 0.035 20.69% 0.038 0.032 69,103,454
20 Apr 2012 0.029 16% 0.032 0.024 35,317,818
19 Apr 2012 0.025 8.7% 0.026 0.024 6,717,279
18 Apr 2012 0.023 0% 0.024 0.022 3,673,973
This breakout is an absolute rocket.
23c to 40c in a week. That is just a 1 bagger though.
Might keep running, who knows?
24 Apr 2012 0.039 11.43% 0.041 0.032 72,093,345
23 Apr 2012 0.035 20.69% 0.038 0.032 69,103,454
20 Apr 2012 0.029 16% 0.032 0.024 35,317,818
19 Apr 2012 0.025 8.7% 0.026 0.024 6,717,279
18 Apr 2012 0.023 0% 0.024 0.022 3,673,973
Chasero,
SUR is a cracker of late for sure, but I think you’ve got the decimal point in the wrong place. No matter, it is still all good for holders. SUR jumped from 2.3c to 4.0c in a week, and has done so on big volumes.
More importantly though, it broke through the 5c barrier yesterday and is sitting above it today.
No sure what the reason for the jump is - must be something happening behind the scenes.
I am a long term holder.
SUR is a cracker of late for sure, but I think you’ve got the decimal point in the wrong place. No matter, it is still all good for holders. SUR jumped from 2.3c to 4.0c in a week, and has done so on big volumes.
More importantly though, it broke through the 5c barrier yesterday and is sitting above it today.
No sure what the reason for the jump is - must be something happening behind the scenes.
I am a long term holder.
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Finished the bad ASX week at 4.6c
Good talk in Perth that this play in USA is well connected , so expect news of a farm-out very soon . Analysts have up to 10c on this .... they expect drilling to start sooner than later .
Could get interesting by the months end ?
Good talk in Perth that this play in USA is well connected , so expect news of a farm-out very soon . Analysts have up to 10c on this .... they expect drilling to start sooner than later .
Could get interesting by the months end ?
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Anyone got access to the latest hartley's report showing 9.9 cents???
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East Texas land deals driving SUR although they have no news flow . Big deals are being done by neighbours . Share price /volume shows much volitility . Brokers expecting much info to come ..... good week up nearly 40%
Day traders taken a liking to this .
Date
Last
% Change
High
Low
Vol *
08 Jun 2012
0.061
7.02%
0.064
0.055
28,779,308
07 Jun 2012
0.057
18.75%
0.057
0.048
16,316,621
06 Jun 2012
0.048
4.35%
0.048
0.046
2,262,440
05 Jun 2012
0.046
4.55%
0.047
0.045
1,829,727
04 Jun 2012
0.044
-8.33%
0.045
0.044
3,809,697
Day traders taken a liking to this .
Date
Last
% Change
High
Low
Vol *
08 Jun 2012
0.061
7.02%
0.064
0.055
28,779,308
07 Jun 2012
0.057
18.75%
0.057
0.048
16,316,621
06 Jun 2012
0.048
4.35%
0.048
0.046
2,262,440
05 Jun 2012
0.046
4.55%
0.047
0.045
1,829,727
04 Jun 2012
0.044
-8.33%
0.045
0.044
3,809,697
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Almost 10% today. Up to 6.7 cents.
I'll be interested to see if this one shoots up again after a couple of days' pullback.
I'll be interested to see if this one shoots up again after a couple of days' pullback.
springhill
Make the drill work for YOU
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Third Woodbine Project
● Sun Resources has entered into a binding farm-in transaction with US oil company Richland Resources Corp and Amerril Energy regarding 1,360 gross acres (Richland Oil Project) located immediately adjacent to one of the best performing horizontal oil wells in Leon County, Texas, which was a well included in the recent US$522 million PMO Oil Field transaction that was recently announced by Halcón Resources Corporation (NYSE:HK).
● Sun, Richland and Amerril have agreed to immediately drill and complete a horizontal well into the Woodbine Formation just south of Centreville, Leon County, Texas on a chosen location situated within the 1,360 acres with the main target of the well being the same productive interval as that in the PMO Oil Field. Richland is the Operator of these 1,360 acres and has already scheduled a drilling rig, drilling crew and frac crew for this purpose. Along with Petromax (Operator of the PMO Oil Field), Richland is the most knowledgeable operator of Woodbine horizontal wells having a proven track record in drilling and fraccing Woodbine horizontal wells in Madison County, Texas.
● The horizontal well has been named Beeler #1H. The well is planned to spud on or about Friday 17 August 2012. It is expected to be drilled, fracced and completed by 27 September 2012.
● The budgeted cost of Beeler #1H is approximately US$7,600,000. 25% of these costs shall be borne by Sun (being approximately US$1,900,000) with the remainder to be paid by Richland (50%) and Amerril (25%).
● Upon drilling and completing Beeler #1H, Sun, Richland and Amerril will have earned the following respective working interests and net revenue interests in Beeler #1H:
● As a result of its participation in this third Woodbine project, following completion of this transaction and the Amerril transaction (the settlement date for which has now been amended by Sun and Amerril to be on or before 5 September 2012), Sun will have a material working interest in Leon County, Texas of 22,000 gross acres (14,833 net acres).
● Sun remains active in discussions with various parties in relation to potential farm-in transactions on both its Delta Oil Project and Amerril Oil Project acres.
● Sun Resources has entered into a binding farm-in transaction with US oil company Richland Resources Corp and Amerril Energy regarding 1,360 gross acres (Richland Oil Project) located immediately adjacent to one of the best performing horizontal oil wells in Leon County, Texas, which was a well included in the recent US$522 million PMO Oil Field transaction that was recently announced by Halcón Resources Corporation (NYSE:HK).
● Sun, Richland and Amerril have agreed to immediately drill and complete a horizontal well into the Woodbine Formation just south of Centreville, Leon County, Texas on a chosen location situated within the 1,360 acres with the main target of the well being the same productive interval as that in the PMO Oil Field. Richland is the Operator of these 1,360 acres and has already scheduled a drilling rig, drilling crew and frac crew for this purpose. Along with Petromax (Operator of the PMO Oil Field), Richland is the most knowledgeable operator of Woodbine horizontal wells having a proven track record in drilling and fraccing Woodbine horizontal wells in Madison County, Texas.
● The horizontal well has been named Beeler #1H. The well is planned to spud on or about Friday 17 August 2012. It is expected to be drilled, fracced and completed by 27 September 2012.
● The budgeted cost of Beeler #1H is approximately US$7,600,000. 25% of these costs shall be borne by Sun (being approximately US$1,900,000) with the remainder to be paid by Richland (50%) and Amerril (25%).
● Upon drilling and completing Beeler #1H, Sun, Richland and Amerril will have earned the following respective working interests and net revenue interests in Beeler #1H:
● As a result of its participation in this third Woodbine project, following completion of this transaction and the Amerril transaction (the settlement date for which has now been amended by Sun and Amerril to be on or before 5 September 2012), Sun will have a material working interest in Leon County, Texas of 22,000 gross acres (14,833 net acres).
● Sun remains active in discussions with various parties in relation to potential farm-in transactions on both its Delta Oil Project and Amerril Oil Project acres.
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SUR so far standing strong today and waiting for an excuse to step over the 8c level.
I am not on SUR but have been watching the move with interest. The strength on a down day is a good sign.
May be worth learning more about.
A very good trend so far...but the volume has not come in yet.
Anyone know more?
This article appeared in Proactive Investors. Good to see the principle of nearology is still around.
Sun Resources buoyed by nearby oil discovery in Texas
Sun Resources (ASX:SUR) has advised that EOG Resources’ (NYSE:EOG) Zeus-1H Lower Woodbine horizontal well in Texas has flowed at initial rates of more than 500 barrels of oil equivalent per day. Importantly, the well is located just 7 kilometres northeast of its Jack Howe-1H well in Texas, where drilling of the horizontal section began last week. EOG added that Zeus-1H had flowed back 23,860 barrels of oil prior to achieving the flow rate of 299 barrels oil, 150,000 cubic feet of gas, and 184 barrels of water. Given that EOG’s multi-stage frac job at Zeus-1H was completed in mid-June 2014, an average 30-day initial production rate can be estimated across approximately 50 days of flow back, giving a 30-day IP of at least 500boepd.
Jack Howe-1H Sun is using the Nabors Drilling USA LP Rig 53 re-enter the existing vertical pilot well bore at the Jack Howe-1H well location. This will be followed by the drilling of a new deviated well bore to build angle toward horizontal and continuing the well in a northerly trajectory to drill and case approximately 5,500 feet of lateral drilling. Jack Howe-1H is expected to take three weeks to complete and case. The company will then carry out a multi-stage fraccing program.
Sun has a 50% operating interest in Jack Howe-1H and the Normangee Oil Project. It is currently raising $10 million to fund drilling of the well. Notably, major shareholder Gina Rinehart’s Hancock Prospecting Pty Ltd has already committed to participating in both the placement and the rights issue to maintain its shareholding of about 19.5%.
Analysis
The results from EOG Resources’ nearby Zeus-1H well bode well for the potential of Sun Resources’ Jack Howe-1H well in the event of a success. Achieving similar flow rates has the potential to significantly re-rate Sun Resources from its current share price of just $0.008.
There are significant share price kickers:
- Results from drilling, fraccing and testing of Jack Howe-1H;
- Drilling of 1-2 proposed wells in its new Lower Woodbine leases; and
- Drilling of a well in the Badger Project (Eagle Ford Shale) in the fourth quarter of 2014.
I HOLD
Sun Resources buoyed by nearby oil discovery in Texas
Sun Resources (ASX:SUR) has advised that EOG Resources’ (NYSE:EOG) Zeus-1H Lower Woodbine horizontal well in Texas has flowed at initial rates of more than 500 barrels of oil equivalent per day. Importantly, the well is located just 7 kilometres northeast of its Jack Howe-1H well in Texas, where drilling of the horizontal section began last week. EOG added that Zeus-1H had flowed back 23,860 barrels of oil prior to achieving the flow rate of 299 barrels oil, 150,000 cubic feet of gas, and 184 barrels of water. Given that EOG’s multi-stage frac job at Zeus-1H was completed in mid-June 2014, an average 30-day initial production rate can be estimated across approximately 50 days of flow back, giving a 30-day IP of at least 500boepd.
Jack Howe-1H Sun is using the Nabors Drilling USA LP Rig 53 re-enter the existing vertical pilot well bore at the Jack Howe-1H well location. This will be followed by the drilling of a new deviated well bore to build angle toward horizontal and continuing the well in a northerly trajectory to drill and case approximately 5,500 feet of lateral drilling. Jack Howe-1H is expected to take three weeks to complete and case. The company will then carry out a multi-stage fraccing program.
Sun has a 50% operating interest in Jack Howe-1H and the Normangee Oil Project. It is currently raising $10 million to fund drilling of the well. Notably, major shareholder Gina Rinehart’s Hancock Prospecting Pty Ltd has already committed to participating in both the placement and the rights issue to maintain its shareholding of about 19.5%.
Analysis
The results from EOG Resources’ nearby Zeus-1H well bode well for the potential of Sun Resources’ Jack Howe-1H well in the event of a success. Achieving similar flow rates has the potential to significantly re-rate Sun Resources from its current share price of just $0.008.
There are significant share price kickers:
- Results from drilling, fraccing and testing of Jack Howe-1H;
- Drilling of 1-2 proposed wells in its new Lower Woodbine leases; and
- Drilling of a well in the Badger Project (Eagle Ford Shale) in the fourth quarter of 2014.
I HOLD
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The guys on HC are all over this today. Can't tell whether they're right or wrong, but does it matter?
My midday scan showed one stock only: SUR
I got set a couple of days ago; thinking of adding if the basing pattern is confirmed.
My midday scan showed one stock only: SUR
I got set a couple of days ago; thinking of adding if the basing pattern is confirmed.
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On December 10th, 2019, Sun Resources NL (SUN) changed its name and ASX code to Prominence Energy NL (PRM).
greggles
I'll be back!
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PRM coming back to life in the last six months. They announced today that they have raised $3.2 million to get into the green hydrogen industry via a 20% investment in Patriot Hydrogen Pty Ltd for a consideration of 25 million PRM shares, $250,000, and 3 million PRMOB options.
They will also be using the funds to drill the company's Bowsprit leases in Louisiana.
With the commodities sector booming, could PRM come back from the dead? Green hydrogen is a hot sector at the moment, but not every player can be a winner.
They will also be using the funds to drill the company's Bowsprit leases in Louisiana.
With the commodities sector booming, could PRM come back from the dead? Green hydrogen is a hot sector at the moment, but not every player can be a winner.
Sean K
Moderator
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I've been trying to get my head around this green hydrogen scam for a while now and I still don't get it.
What I do see from the Patriot Hydrogen thing is that it's creating hydrogen from biomass. They need 24tn of wood chips to produce 1tn of 'green' H2. That doesn't sound very 'green' to me...
Dona Ferentes
A little bit OC⚡DC
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and slinking away to the background..... down 70% on the news of a wildcat coming as a dry hole. Now bouncing along the base at $0.002
An estimated $35 million gone with an exploration well off WA Pilbara coast coming up dry and ruining the outlook for two tiddlers, Global Oil and Gas (GLV) and Prominence Energy.
The duo had farmed into (bought a stake) Western Gas’ Sasanof well in the Carnarvon Basin off the Pilbara coast along with UK group, Clontarf Energy.
Global shares fell 80% to $0.004 on the ASX and, in London, Clontarf shares were off 72% to 0.11p.
It’s another failure by the privately owned Western Gas to develop the Equus gas fields it bought off US giant Hess in 2017 for $US2.
Hess had spent heavily finding and then trying to prove up the field to sufficient size and then threw it in when gas and oil prices slumped in 2016 and 2017, reportedly leaving five wells in the field suspended for possible future production.
The Sasanof-1 well is west and southwest of WGC’s Equus gas fields, all of which lie between Woodside’s Scarborough fields and Chevron’s Gorgon-Io-Jansz fields.
Drilling started two weeks ago and on the weekend the bit drilled through the layers of interest where the gas was said to be located but came up dry. The companies said the well will now be plugged and abandoned, leaving the Equus field without a home for its gas – a similar situation to the one Hess found itself in.
An estimated $35 million gone with an exploration well off WA Pilbara coast coming up dry and ruining the outlook for two tiddlers, Global Oil and Gas (GLV) and Prominence Energy.
The duo had farmed into (bought a stake) Western Gas’ Sasanof well in the Carnarvon Basin off the Pilbara coast along with UK group, Clontarf Energy.
Global shares fell 80% to $0.004 on the ASX and, in London, Clontarf shares were off 72% to 0.11p.
It’s another failure by the privately owned Western Gas to develop the Equus gas fields it bought off US giant Hess in 2017 for $US2.
Hess had spent heavily finding and then trying to prove up the field to sufficient size and then threw it in when gas and oil prices slumped in 2016 and 2017, reportedly leaving five wells in the field suspended for possible future production.
The Sasanof-1 well is west and southwest of WGC’s Equus gas fields, all of which lie between Woodside’s Scarborough fields and Chevron’s Gorgon-Io-Jansz fields.
Drilling started two weeks ago and on the weekend the bit drilled through the layers of interest where the gas was said to be located but came up dry. The companies said the well will now be plugged and abandoned, leaving the Equus field without a home for its gas – a similar situation to the one Hess found itself in.
