SUR - Sun Resources

[Chasero]

I've seen stocks like MAD go crazy since December. But SUN doesn't seem to be moving at all. The company itself isn't on track to do much and there's no sign of any great announcements that can improve it's revenue, cash position, or profits. A good company needs to constantly improve its financial position and this one is failing to achieve this. Can anyone give a good solid reason why this company is worth investing in?

Gotta say this has been a day traders dream stock.

Up 20% today. I wonder how far it can run? Definitely the most ramped up stock on other forums tho.

[Chasero]

Seriously.

This breakout is an absolute rocket.

23c to 40c in a week. That is just a 1 bagger though.

Might keep running, who knows?

24 Apr 2012 0.039 11.43% 0.041 0.032 72,093,345
23 Apr 2012 0.035 20.69% 0.038 0.032 69,103,454
20 Apr 2012 0.029 16% 0.032 0.024 35,317,818
19 Apr 2012 0.025 8.7% 0.026 0.024 6,717,279
18 Apr 2012 0.023 0% 0.024 0.022 3,673,973

[panikhide]

Chasero,

SUR is a cracker of late for sure, but I think you’ve got the decimal point in the wrong place. No matter, it is still all good for holders. SUR jumped from 2.3c to 4.0c in a week, and has done so on big volumes.

More importantly though, it broke through the 5c barrier yesterday and is sitting above it today.

No sure what the reason for the jump is - must be something happening behind the scenes.

I am a long term holder.

Seriously.

This breakout is an absolute rocket.

23c to 40c in a week. That is just a 1 bagger though.

Might keep running, who knows?

24 Apr 2012 0.039 11.43% 0.041 0.032 72,093,345
23 Apr 2012 0.035 20.69% 0.038 0.032 69,103,454
20 Apr 2012 0.029 16% 0.032 0.024 35,317,818
19 Apr 2012 0.025 8.7% 0.026 0.024 6,717,279
18 Apr 2012 0.023 0% 0.024 0.022 3,673,973

[Bonk]

Finished the bad ASX week at 4.6c

Good talk in Perth that this play in USA is well connected , so expect news of a farm-out very soon . Analysts have up to 10c on this .... they expect drilling to start sooner than later .

Could get interesting by the months end ?

[growing]

Finished the bad ASX week at 4.6c

Good talk in Perth that this play in USA is well connected , so expect news of a farm-out very soon . Analysts have up to 10c on this .... they expect drilling to start sooner than later .

Could get interesting by the months end ?

Anyone got access to the latest hartley's report showing 9.9 cents???

[Bonk]

East Texas land deals driving SUR although they have no news flow . Big deals are being done by neighbours . Share price /volume shows much volitility . Brokers expecting much info to come ..... good week up nearly 40%

Day traders taken a liking to this .


Date

Last

% Change

High

Low

Vol *



08 Jun 2012

0.061

7.02%

0.064

0.055

28,779,308



07 Jun 2012

0.057

18.75%

0.057

0.048

16,316,621



06 Jun 2012

0.048

4.35%

0.048

0.046

2,262,440



05 Jun 2012

0.046

4.55%

0.047

0.045

1,829,727



04 Jun 2012

0.044

-8.33%

0.045

0.044

3,809,697

[pavilion103]

Almost 10% today. Up to 6.7 cents.

I'll be interested to see if this one shoots up again after a couple of days' pullback.

[springhill]

Third Woodbine Project
 Sun Resources has entered into a binding farm-in transaction with US oil company Richland Resources Corp and Amerril Energy regarding 1,360 gross acres (Richland Oil Project) located immediately adjacent to one of the best performing horizontal oil wells in Leon County, Texas, which was a well included in the recent US$522 million PMO Oil Field transaction that was recently announced by Halcón Resources Corporation (NYSE:HK).

 Sun, Richland and Amerril have agreed to immediately drill and complete a horizontal well into the Woodbine Formation just south of Centreville, Leon County, Texas on a chosen location situated within the 1,360 acres with the main target of the well being the same productive interval as that in the PMO Oil Field. Richland is the Operator of these 1,360 acres and has already scheduled a drilling rig, drilling crew and frac crew for this purpose. Along with Petromax (Operator of the PMO Oil Field), Richland is the most knowledgeable operator of Woodbine horizontal wells having a proven track record in drilling and fraccing Woodbine horizontal wells in Madison County, Texas.

 The horizontal well has been named Beeler #1H. The well is planned to spud on or about Friday 17 August 2012. It is expected to be drilled, fracced and completed by 27 September 2012.

 The budgeted cost of Beeler #1H is approximately US$7,600,000. 25% of these costs shall be borne by Sun (being approximately US$1,900,000) with the remainder to be paid by Richland (50%) and Amerril (25%).

 Upon drilling and completing Beeler #1H, Sun, Richland and Amerril will have earned the following respective working interests and net revenue interests in Beeler #1H:

 As a result of its participation in this third Woodbine project, following completion of this transaction and the Amerril transaction (the settlement date for which has now been amended by Sun and Amerril to be on or before 5 September 2012), Sun will have a material working interest in Leon County, Texas of 22,000 gross acres (14,833 net acres).

 Sun remains active in discussions with various parties in relation to potential farm-in transactions on both its Delta Oil Project and Amerril Oil Project acres.

[mr. jeff]

24-10-2012 2-07-14 PM.png

SUR so far standing strong today and waiting for an excuse to step over the 8c level.
I am not on SUR but have been watching the move with interest. The strength on a down day is a good sign.
May be worth learning more about.
A very good trend so far...but the volume has not come in yet.

Anyone know more?