STX - Strike Energy

[tarnor]

Re: STX - Strike Oil

I still like it... 2 more wells in the short term... weber looks promising plenty of potential upside .. heaps of drills this year.. placement has held it back for a bit..

 

[saichuen]

Re: STX - Strike Oil

STX has just released another update and it is a positive one indeed. with an increase flow rate at the shefcik 1 well and a confirmed commerciality in the webernick 1 well (along with more drillings at shefcik 3 and webernick 2 wells to come), it is definitely looking all good and ready for some sp action.

happy trading!

 

[tarnor]

Re: STX - Strike Oil

Lovely!.. very exciting.. hoping it will push thru 35/36 tommorow and become new support.. I don't think we will see the 20's again

 

[tarnor]

Re: STX - Strike Oil

NON-RENOUNCEABLE ENTITLEMENT ISSUE Strike Oil Limited is pleased to announce a one for five non-renounceable entitlement issue at 28 cents to raise up to $10,391,697. The Board has elected to expand its activities in the Gulf Coast, Texas USA in light of recent successes. The funds from this entitlement will be applied to expand the development of the Mesquite Gas Production Project in the Gulf Coast, Texas and ongoing exploration in the area. We attach an Appendix 3B and further detail of the issues, a disclosure document and timetable will be released within seven days. Yours faithfully SIMON ASHTON Managing Director Strike Oil Limited Further information: Strike Oil Limited T: 08 9225 4446 E: strike@strikeoil.com.au

Wonder what the registry date is i sold some at 37.5 today.

 

[nizar]

Re: STX - Strike Oil

Wonder what the registry date is i sold some at 37.5 today.

hmm i dunno but its normally before announcement is released...

also, what does 1 for 5 non-renounceable offer actually mean?

 

[tarnor]

Re: STX - Strike Oil

I thought it was basically that for every 5 stx shares you have your offered one share at 28c...

Hard to know what its going to do monday, people will be reluctant to sell untill their sure they qualify, others might buy in hoping to sneak over the line.. what ever date they say you need to of been holding three days before it, is that right?, that migth catch some out.. guesses. I think it might drag this back to 32ish in the short term for atop up before pushing on?

 

[yogi-in-oz]

Re: STX observers

WARNING: ..... astrostuff ahead .....

Hi folks,

STX ..... halfway through current well
and share price is set in cement .....

Key dates ahead:


27042006 ..... significant and negative ???

happy days

yogi

Hi folks,

STX ... as per post above, on 21 November 2005,
negative cycles come in, right on time .....

"27042006 ..... significant and negative ???"


Looking further ahead, time cycles may reveal:

08052006 ..... significant and negative news???

09052006 ..... positive - finances???

19-31052006 ... trading may be flat-to-down, due
to underlying negative sentiment???

23052006 ..... minor and positive news???

26-29052006 ... positive news may be muted, by underlying
negative sentiment, see above.

02-05062006 ... significant and negative (finances???)

07062006 ..... minor news???

14-15062006 ..... significant and aggressive rally ???

28-29062006 ..... 2 minor and positive cycles - finances ?

happy trading

yogi

 

[michael_selway]

Re: STX observers

Hi folks,

STX ... as per post above, on 21 November 2005,
negative cycles come in, right on time .....

"27042006 ..... significant and negative ???"


Looking further ahead, time cycles may reveal:

08052006 ..... significant and negative news???

09052006 ..... positive - finances???

19-31052006 ... trading may be flat-to-down, due
to underlying negative sentiment???

23052006 ..... minor and positive news???

26-29052006 ... positive news may be muted, by underlying
negative sentiment, see above.

02-05062006 ... significant and negative (finances???)

07062006 ..... minor news???

14-15062006 ..... significant and aggressive rally ???

28-29062006 ..... 2 minor and positive cycles - finances ?

happy trading

yogi

Yeah PEM reduced their holding in STX not toolong ago

thx

MS

 

[tech/a]

STX

STX looks to be awakening from a longish hibernation.

Cant see why?

 

[GreatPig]

Re: STX

Looks to be forming a saucer pattern.

Cheers,
GP

 

[Space Cadet]

Re: STX

The 5 and 20 day MA cross over, the stochastic and macd indicators all gave buy signals between 17-19 October.

 

[michael_selway]

Re: STX

STX looks to be awakening from a longish hibernation.

Cant see why?

do PEM still hold alot of these?

thx

MS

 

[GreatPig]

Re: STX - Strike Oil

Two possible interpretations of this pattern now, depending on where the curve is drawn (yes I know, there are probably hundreds of interpretations , but I mean for the pattern as I'm looking at it).

Either it's still holding the sides of the saucer, or it's forming the handle of a cup.

Anyway, bought some today at 28.5 cents. Stop on close below 26 cents.

GP

 

[tarnor]

Re: STX - Strike Oil

Its warming up because it has a large drilling schedule which will run through to some very high risk offshore wells in the middle of next year.. was a steal at low 20c if your into fundamentals and all that stuff..

spp will put the breaks on it i think.. possibly not the best move but rewards long term holders at least.. think tommorow (wednesday) is the last day for buying in if you want 20c entitlement????? so should have a drop after that

a good company have very fond memories of trading this at the start of the year

 

[afroboy]

Re: STX - Strike Oil

I agree... I've been holding this one for over a year.... it's been a slow and disappointing past 6 months and things are just starting to happen again, but I'm disappointed with the spp... management previously announced that they could not foresee any more capital raising being required. Might have to wait a bit longer for that ride up to the 50c mark...

 

[tarnor]

Re: STX - Strike Oil

sorry typo 25c entitlement not 20c

yeah the capital raising was a bit of a surprise, i guess if they do have some more success in the gulf they will be able to bring it into production without having to do a quick capital raising.. Possibly might let it run harder if it does find some good stuff as traders will be confident no raisings required...

 

[GreatPig]

Re: STX - Strike Oil

Down over 13% today on a disappointing announcement

There always has to be one...

GP

 

[sandybeachs]

STRIKE OIL LIMITED [STX]

hi guys

FLINT PROPSECT...200bcf, Strikes interest 25%

worth watching for possible spudding in December.

on trend with prolific Wilcox Trend..(same as Strikes success with Mesquite Prospect)..

Strikes interest 50bcf X US$2.50 = US$125mm

US$125mm = AUS$160mm (Strikes current market cap approx $55mm)

AUD$160 divvy by 223mm shares = approx 71cents per share..(40% risked valued adjustment .28cents per share)

the above is using in-ground value US$2.50 per thousand cubic feet..

USING US$5.00 per thousand cubic feet

Strikes interest 50bcf X US$5.00 = US$250mm

US$250mm = AUS$321mm (Strikes current market cap approx $55mm)

AUD$321 divvy by 223mm shares = approx $1.43cents per share..(40% risked valued adjustment .57cents per share).

as usual DYOR

regards

 

[itchy]

Re: STX - Strike Oil

hey guys how has everybody missed this ann????!!!!!!!!
significant gas shows and still plenty to drill!!!!
up 7.5c!!!!!!!!
those who were patient will be rewarded
dyor

 

[itchy]

Re: STX - Strike Oil

placed in a trading halt at 530pm!! somrthing brewing??!