Jump to content

AZZ


rosskend

Recommended Posts

Hi - AYO has been on a slide since it hit 1.25 back in September, but could turn-around on the results at Whicher. They've had some technical difficulties (fish in the hole) but have already hit some gas (as well as some water?!?!) but test is not if gas is there, but how much can it produce - 6mcfd is the magic figure according to AYO. Also have new gasfield (Adatepe ) coming on line in the new year. Since TB left it hasn't had the same PR and IR. Grocler potential downgrade and intersected water at Whicher were not very well handled.

 

SP looks very attractive ATM, but with oils, their seen as only as good as their last well. AYO has good producing fields in Turkey with good sales and small overheads, as well as a bundle in the bank.

 

Any AYOers on AB????

 

 

R/Ross

Link to comment
Share on other sites

  • Replies 5.4k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

http://www.asxboard.com/html/emoticons/unsure.gif Those guages must be scheduled in the Gocerler wells by now .....talking to Howard M , they don't seem to know that there is really anything wrong at Gocerler Gasfield as far as reserves concerned ..... all this has been badly handled .... W?R # 5 will eventually "give up" something .....maybe i will be called upon http://www.asxboard.com/html/emoticons/wacko.gif
Link to comment
Share on other sites

QUOTE (rosskend @ Dec 15 2003, 02:07 PM)
Hi BP - do you post on other boards? Your style reminds me of a poster on Oze - perhaps an old drill jockey???

R/Ross

http://www.asxboard.com/html/emoticons/cool2.gif Ex Barrow Island , but that was complete Kr!p...........some good guys , some full of kr!p ....... I wanted to own , not work for the oilers ....so I did that ! I have wide range grasp of things , some detailed , but not everything .....

 

Into ARQ AYO BPT HDR CVN ITC PPP pcl coe icn ego , But not AWE PSA STU MOS buy etc.

 

AYO is just having a bad run .......Traders are showing how shallow they are . That is the ideal way to lose the hard earnt . Ok problems on the ground here but not over yet ,can be turned around . Just wait for Barton gang to start the play ..... will return to heights as fast as the chart tracked in the past month ....... http://www.asxboard.com/html/emoticons/thumbdown.gif

 

Goodluck Rosskend http://www.asxboard.com/html/emoticons/rolleyes.gif

 

Yes , style could be a give-away here ! http://www.asxboard.com/html/emoticons/lmaosmiley.gif

Link to comment
Share on other sites

Hi BP, Rosskend

 

I like it here on ASXBoard. very quick to load and trawl through the messages.

 

After Adatepe, which looks to be a minor success which was overshadowed by Gocerler downgrade, I think Whicher is really going to define where the share price will go.

 

On that basis the price is down given the risks of a single well with little follow up to stop downside erosion.

 

I know AYO is making a nice tidy sum of cash at the moment, but if Whicher is a failure i fail to see an impetus for further upside unless a new round of drilling in Turkey is announced. This will be months away given that the northern winter is setting in.

Link to comment
Share on other sites

I tend to agree....... as some of you will know AYO has been a favourite of mine over the last year, and i have done very well out of it (I exited $1.15-$1.19).

 

But i am glad i decided it was time to take the profits off the table, and stand aside, i just felt that Whicher would be a big gamble, and hence have a big impact on the SP, along with the other disappointments of late.

 

I am sure they will turn things around, and the additional ADA/CAY sales coming online soon, will help in that regard. So i guess if you are still holding or recently purchased then hang in there.

 

i will stand aside until the chart tells me otherwise.

Link to comment
Share on other sites

Hi AYO followers.

 

To provide some guidance of my opinion. I exited around $1.20 for most of my holding. i still have a small number of shares which is more in line with the risk i feel attaches to this stock. It is around 2% of my portfolio. If it comes off it will be good otherwise it won't impact me too much.

 

Without Whicher I think AYO will struggle around 70-80c even though it may be worth more.

 

With Whicher i feel there could be a very real opportunity to enter at $1.00 or less as there must be plenty of stale bulls wanting to get out of this one without losses. Of course i could be completely wrong!

 

 

Link to comment
Share on other sites

Hi Amitites - looks like this one is back on track, after a bit of a dip. Has been trading up the last three days. If it gets .95 this cycle (runs to the 25th), should reach 1.18 in the next cycle. Other angles - .85 points to 1.03, .89 points to 1.09 With a retrace a break of .80 would point to .73

 

WR - cleared most of the hole and side tracking around the bit that stuck. Setting up for the next leg - should know by next week whether Whicher.

 

R/Ross

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...