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Junior Oil Companies. ASX


Carsha

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In reply to: frankmal on Thursday 08/05/08 11:47am

Great thread

 

STX - 30c today Hartleys have 61c on it..

Results due for 2 wells in the next week or so that if proven will again double flowrates and income

 

my fav by a long shot

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In reply to: ricky99 on Thursday 08/05/08 01:03pm

Ricky99

 

http://www.sharescene.com/html/emoticons/smile.gif Appreciated

 

I particularly like the growth performance chart for CVN. Doing nicely.

Will monitor these stocks.

 

 

 

 

 

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In reply to: OMS on Thursday 08/05/08 01:39pm

 

OMS

 

ASX announcement on 05/05/2008

regarding the:

Rayburn Project- Duncan 2 ST Doubles Field production...appears very promising.

 

Also noticed lots of other projects in the pipeline with potential :

 

-Gilbert Freeman 1:

Ongoing testing of the Middle Wilcox

 

- Duncan 3

Preparations underway for completion and testing of the Middle Wilcox

 

- Hlavinka Duncan 1

Ongoing testing of a shallow secondary target

 

- Gilbert Freeman 2

Well spudded on 3 May and targeting the Middle Wilcox

 

 

http://www.sharescene.com/html/emoticons/smile.gif

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In reply to: frankmal on Thursday 08/05/08 02:46pm

One that has had a ripper of a week is Emerald Oil and Gas - up 60% this week alone and 100% in the fortnight. Have just announced a great deal for a 50 well programme over the next 12 months in the appalachian basin.

 

They have secured US$25 mill of funding for their first 6 wells.

 

This all from a company with a market cap of about $15 mill (was 10 mill last week).

 

On top of this they are a partner with ARQ in the canning basin drills - they are awaiting results from drilling done last year before the rainy season.

 

Huge potential.

 

Ticker - EMR

 

 

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In reply to: frankmal on Thursday 08/05/08 11:47am

I like MOS at the moment.

 

Have oil reserves - next 6 months sees as number of oil & gas potentials drilled.

 

Last quarter &9.9m income with $23m in the bank. COE have a 15% stake.

 

Company also has a LPG plant that is only ruunning at 25% of capacilty.

 

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CTP

 

Over 200 prospects and leads, all multiple MMBL targets, largest acreage package in Australia out of any company (250,000 km2). See CTP thread, quick summary including valuation found at post -

 

http://www.sharescene.com/index.php?showto...ndpost&p=547079

 

 

OEL

 

Brilliant package in the phillippines, currently in production through Galoc hence the ability to fund its own drilling campaign, multiple gas finds in turkey close to market with a gas price of around $7.00 mmcf (as opposed to australias gas price of $2.50 at the gate), aggressive drilling campaign underway, future phillippines targets encompass multi billion barrell structures, SC's next to shells malampaya field etc etc etc.

 

Two to look at....

 

 

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In reply to: Sav on Thursday 08/05/08 04:21pm

Agree on OEL as a good option for any spare dollars, although not quite producing yet from Galoc. Would be the next place that I would park money if I had some spare.

 

 

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