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LGO, LONGREACH OIL LIMITED
tcisboss
post Posted: Sep 4 2012, 07:30 PM
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Interesting 100% on light vol small placement at 1 cent and drilling soon mc 2 mil

 
grommit
post Posted: Feb 24 2011, 12:49 PM
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In Reply To: fraz2's post @ Nov 18 2010, 11:24 AM

FRAZ2...not a lot of chatter here...waiting for this one wake up!! CMON....NEWS PLEASE LGO!

 
fraz2
post Posted: Nov 18 2010, 11:24 AM
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In Reply To: grommit's post @ Nov 18 2010, 10:25 AM

hi grommit, yes I have few left.
one source of free charts & indicators using delayed information is incredible charts
www.incrediblecharts.com/online_charts/free_download.php
or try googling QuoteTracker for which you will need to have a compatible online broker feed for up to date data or use ASX delayed
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Our greatest glory is not in never falling, but in getting up every time we do.

Great minds discuss ideas. Average minds discuss events. Small minds discuss people.
 
grommit
post Posted: Nov 18 2010, 10:25 AM
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In Reply To: fraz2's post @ Oct 5 2006, 02:24 PM

Fraz2...you still holding? could be a good time to top up..im thinking of adding some more. Whats in the pipeline. haven't been doing a lot of reading on this one recently. Holding at .7c...any good news and we could easily be back to 1.5c again. Whats up with this grand technology they have for sucking more oil outta their wells...are they going to 'export' that technology? anyways...not many posting here...oh...where can I find a site that will show me that MACD moving average? That is the one most people use as a precursor to a move north or south in stock price correct? Anyone throw up a chart for LGO? cheers..

 
neilo3
post Posted: Jun 10 2008, 03:25 PM
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For followers of EGO as well...LGO offer a bit of leverage going into the
Starfinch Well..They have 10%....Have not run as much as EGO yet.
But we dont have a drill date yet..Could be 3 weeks away..

 
fraz2
post Posted: Oct 5 2006, 02:24 PM
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encouraging news today
smile.gif

Dear Madam
Re Acquisition of producing oil leases in Oklahoma, U.S.A.
Longreach Oil Limited advises that International Energy Corporation (IEC), the wholly owned U.S.-based
subsidiary of AusTex Oil Ltd, has acquired a further group of oil leases in Oklahoma, with producing wells
and a number of wells to be re-completed or enhanced.
Current production on these leases has been around 30 bpd. With some minor repairs to be made and new
pumping equipment to be installed, production is expected to rise up to 70 bpd.
A Petroleum Engineer’s report has been completed on one of the new leases, which states:
Proved Recoverable Reserves of 1,750,000 barrels of oil
Together with the Proved Recoverable Reserves
in the previously acquired leases 750,000 barrels of oil
IEC has a 100% working interest and
Net Revenue Interest from 75% to 82% in 2,500,000 barrels of Proved Recoverable oil
Even at a value of US$10 /bbl in the ground, these Proved Recoverable Reserves would have a value of
US$25,000,000.
Engineering reports are being prepared on the remaining leases to identify further resources and/or reserves.
The new leases, located south-west of Tulsa, have been specially selected as they have multiple known
producing zones to depths of 2,500 feet. In this area, Petroleum Engineers usually calculate recoverable
reserves at around 30% of oil in place (OIP) prior to the application of secondary recovery methods.
These leases represent an ideal opportunity for the application of Radial Jet Enhancement Technology in
the existing wells.
The exclusive use of Radial Jet Enhancement Technology in the State of Oklahoma has been acquired by
IEC, as announced recently. This technology has resulted in increased production of up to 10 times in
mature wells since it was first commercialised in 2005. When it is not in use on IEC leases, the technology
can be contracted out to other operators in Oklahoma. Detailed information on the well enhancement
technology is available at www.wellenhancement.com.
AusTex Oil Ltd is raising additional seed capital before proceeding with an I.P.O. to raise up to
$20,000,000 for the purpose of further acquisitions and development of existing and new oil producing
leases in the USA.
Longreach Oil currently has a 25% equity interest in AusTex Oil Ltd.
For and on behalf of
Longreach Oil Limited
Kin Tjhin
Consultant Geologist -ks/978.108



--------------------
Our greatest glory is not in never falling, but in getting up every time we do.

Great minds discuss ideas. Average minds discuss events. Small minds discuss people.
 


Halba
post Posted: May 11 2006, 12:28 PM
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In reply to: The Captain on Tuesday 03/01/06 07:13pm

interesting rise. has doubled in value. is there any left?

 
The Captain
post Posted: Jan 3 2006, 07:13 PM
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In reply to: hotpop on Friday 07/10/05 12:43pm

Any comments on the future of this baby

 
hotpop
post Posted: Oct 7 2005, 12:43 PM
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Posts: 45


moving to day...
what the go...
there is rumours of one the director buying bck the fiji property from ale, and he will make a coconuts plantation, with a view to make petrol from coconuts,,
some one drive me nuts

 
thebomber
post Posted: Apr 12 2005, 09:00 PM
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Posts: 135


In reply to: OZGAZ on Thursday 06/01/05 08:55pm



Must be getting ready for a bounce .013- .015 I would say is a good buy price.

Need a bit more drilling activity, but with the oil price high this is the market for small cap oilers

Good trading
The Bomber

 
 


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