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PYM, PRYME ENERGY LIMITED
melua
post Posted: May 26 2013, 07:16 PM
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In Reply To: melua's post @ Mar 11 2013, 06:07 PM

Posted March 11: "Sold most of my holding and took a haircut. There is no way the IP30 will be any good given the technical problems that have arisen yet again. Cut, take the loss and move on. "

I'm glad I exited at average 7c+. Now below 2c and I don't see any reason to be buying.

 
melua
post Posted: Apr 25 2013, 09:50 AM
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In Reply To: davo22's post @ Apr 24 2013, 12:15 PM

Yes you are correct. They bet the house on Turner Bayou and they lost. Might be ok for a shell, that's about it. I lost but could have been worse had I kept holding.
davo, what is it with loose and lose? You're not the only one who always stuffs that wording up. I see it all the time on forums.

 
davo22
post Posted: Apr 24 2013, 12:15 PM
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23bopd net for well 21H......With 2 (3?) dud wells preceding it, was always a strong chance to be a dog, unfortunately the whole company was riding on it.......Looks like they will loose their only real project leaving only a few scraps to pretend it is a company.....1c may prove to be a dream too high in 12 months..

 
melua
post Posted: Mar 26 2013, 07:49 PM
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In Reply To: Duster's post @ Mar 25 2013, 06:05 PM

Yes it's a tough gig so don't bet the house on any of them.

 
Duster
post Posted: Mar 25 2013, 06:05 PM
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In Reply To: melua's post @ Mar 25 2013, 03:55 PM

No way I'll be buying mine back !
In fact I'll have to reconsider all these tight oil plays, including OEX



--------------------
Patience is the key to success.
 
melua
post Posted: Mar 25 2013, 03:55 PM
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In Reply To: pelican's post @ Mar 12 2013, 01:43 PM

Looks like I might be buying back my stock at 2c.

 


pelican
post Posted: Mar 12 2013, 01:43 PM
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In Reply To: jwlkr's post @ Mar 11 2013, 11:38 PM

melua, great music, and your so pretty

 
jwlkr
post Posted: Mar 11 2013, 11:38 PM
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In Reply To: melua's post @ Mar 11 2013, 06:07 PM

QUOTE
Cut, take the loss and move on.


That's some good role-modeling for junior TA'ers like us graduated.gif . Some of us can be really anchored down by our own psyche.

BTW - love your music. Can't believe you have the time to trade given your busy schedule and all.

 
flower
post Posted: Mar 11 2013, 06:13 PM
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In Reply To: melua's post @ Mar 11 2013, 06:07 PM

QUOTE
Sold most of my holding and took a haircut. There is no way the IP30 will be any good given the technical problems that have arisen yet again. Cut, take the loss and move on.


http://www.asx.com.au/asx/statistics/displ...;idsId=01390265

Hi melua, IMO very sensible to have kept a portion of your original holding given todays Production Update. I am facing the same sort of clean up problems with the 7 wells SUR has currently under test in Texas, the whole subject of fraccing will need to better understood by share traders methinks.

Havent followed this story, the structural formations seem similiar to those with SUR, the clean up problems exactly the same.

On the plus side is the fact that Rosewood 21H No1 has already produced 1,900 bo with the gas being flared, so all may not yet be lost, as the announcement sais it is far too early to predict the long term production rates.

Brave and sensible move, congratulations.Still think the best way to play these would be to "BUY the Rumour---but SELL the fact"not the other way around.



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Combining Fundamental comments with Fundamental charts.
 
melua
post Posted: Mar 11 2013, 06:07 PM
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In Reply To: flower's post @ Mar 11 2013, 11:48 AM

Sold most of my holding and took a haircut. There is no way the IP30 will be any good given the technical problems that have arisen yet again. Cut, take the loss and move on.


Said 'Thanks' for this post: brixham  
 
 


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