Lionhearted Posted March 23, 2005 Share Posted March 23, 2005 In reply to: LCZEL on Tuesday 22/03/05 10:34pm It is hard to imagine why the upward momentum in this one is not going to continue. The only pause will probably be when the stock has the name change and 1 for 5 consolidation in 2 weeks. This current Flour Bluff well will be backed up with 2 further exploration/development wells, and in 3 months time this project will be spitting out big revenues by the look of things. Remeber that most people don't even know it is an oil & gas play, they think it is a clothing company??? Link to comment Share on other sites More sharing options...
madgwick Posted March 23, 2005 Share Posted March 23, 2005 In reply to: simple on Wednesday 23/03/05 11:26am pardon my ignorance but when it consolidates for 1 to 5 what does that make the sp? Link to comment Share on other sites More sharing options...
Lionhearted Posted March 23, 2005 Share Posted March 23, 2005 In reply to: madgwick on Wednesday 23/03/05 11:37am On my back of envelope maths, based on share price currently, it feels like they will be around 35 - 40 cents - with about 88 million shares on issue. http://www.sharescene.com/html/emoticons/graduated.gif Link to comment Share on other sites More sharing options...
madgwick Posted March 23, 2005 Share Posted March 23, 2005 In reply to: simple on Wednesday 23/03/05 11:42am thank you... http://www.sharescene.com/html/emoticons/biggrin.gif Link to comment Share on other sites More sharing options...
LCZEL Posted March 23, 2005 Share Posted March 23, 2005 In reply to: simple on Wednesday 23/03/05 11:42am Simple.....haven't read the doc's,but assume they must be issuing further shares...I have them currently at around 275M shares which would have resulted in 55 M ex-consolidation. Anyway things are looking pretty interesting.....getting plenty of zones with gas & the well is being extended in depth because of the "success" to date.....plenty of upside & I think current production is over 3 mmcfd which is already generating revenue Link to comment Share on other sites More sharing options...
Lionhearted Posted March 24, 2005 Share Posted March 24, 2005 In reply to: LCZEL on Wednesday 23/03/05 09:04pm I refer you to page 24 of Notice of Meeting - posted to ASX early March. Post consolidation there will be 88.795 million shares on issue (after placements to be approved at meeting) and 21 million options exercisable between 25 and 30. Today's drilling result looks like a real bonus to me, and ongoing exploration of Flour Bluff should keep share price chugging ahead for next few months. Link to comment Share on other sites More sharing options...
LCZEL Posted March 24, 2005 Share Posted March 24, 2005 In reply to: simple on Thursday 24/03/05 12:42pm Thanks simple.....that explains it. What was it today....55 METRES OF GAS SHOWS !!!!! Think pre-Easter a lot of the market has missed the sig. of this....should continue STRONG performance after Easter !!!! Link to comment Share on other sites More sharing options...
deadone Posted March 24, 2005 Share Posted March 24, 2005 In reply to: simple on Thursday 24/03/05 12:42pm and poor old VPE still struggling on @ 3.6 cents. Link to comment Share on other sites More sharing options...
madgwick Posted March 24, 2005 Share Posted March 24, 2005 In reply to: deadone on Thursday 24/03/05 03:50pm thats what happens when there are 1.5billion + shares to trade in the one company. also why i switched to bwt for Flour Bluff drill. Link to comment Share on other sites More sharing options...
LCZEL Posted March 30, 2005 Share Posted March 30, 2005 In reply to: madgwick on Thursday 24/03/05 05:19pm Progress reports show plenty of gas shows & remember that the drilling depth was extended because of the potential of the large numbers of horizons that could contain additional commercial gas! Link to comment Share on other sites More sharing options...
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