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EGO - Empire Oil & Gas

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krisbarry

krisbarry

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EGO – Empire Oil

HI All,

EGO...Would appear to be a great stock to invest in after recent company announcements finding Significant & Encouraging Petroleum Geochemical Results. The Share price doubled from 0.6 cents to 1.2 cents.

With the price of crude oil reaching record highs of 53US per barrel it is only a matter of time before Empire hits the black/gold, well I Hope!

I recently watched Oilex OEX rocket from 16 cents to $1.07 when they stuck oil and it would appear that Empire Oil is very close too.

Empire Oil is (weather permitting) going into oil production this quarter.

(EGO) SHOULD I BUY STOCK?

Kris
 
Re: EGO- (Empire Oil) SHOULD I BUY STOCK?

Any idea when they'll start production or when the next major event is?

It's been in a long term downtrend, now appears to be consolidating, resistance at 1.5 cents. Funny that it didn't shoot through 1.5c if it had been as promising as they say. I note that it jumped up about a year ago in a similar fashion to the recent hike and then dropped back again after hitting 1.5c. History may be repeating itself or maybe it'll break through this time.

I don't know anything about the company so I can't comment apart from the observations above and I can't make recommendations for legal reasons. Looks like a volatile stock alright.
 
Unsure

Unsure of when next the next major event will be or when they'll start production, although as reported oil production is a priority for the company due to the high world oil prices.

Going into oil production this quarter, means by December Right?
 
Re: EGO- (Empire Oil) SHOULD I BUY STOCK?

NO~! You should evaluate other oilers and get a decent grip on yourself. Maybe that will give you a yardstick . The rest is commonsense .......?
 
Re: EGO- (Empire Oil) SHOULD I BUY STOCK?

Kris,

Are you seriously going to make your decision based on the opinions of anonymous alias' in a chatroom? If so, that's an incredibly brave move.

Good luck
 
Re: EGO- (Empire Oil) SHOULD I BUY STOCK?

I'm assuming Kris is already in the stock, if not, in line with my last remarks remember it is very volatile (this means it can go down just as fast as it went up). To clarify I wasn't recommending you buy or stay out or sell. It's all upto you. Not every stock is an Oilex! Alwasy be cautious when the market is mad over something (like oil) but there are opportunities.
 
Going to buy stock

I was just getting a feel for the stock sure its not an oilex but even if it hits the 4 cent mark when it finds oil it is still a massive gain. Very volatile stock, thats for sure. I have noted the Total Class Issue of 838,550,018 shares so of course it will never reach the highes of oilex, but in percentage gains it may just do the same.

I am going againts the general feel for this stock and will buy this morning and hope for the best.

K
 
EGO (empire Oil) NEWS

**May break through the 1.5 cent barrier very soon, the sellers market seems a little less clogged than a few weeks ago**

Sydney - Tuesday - October 12: (RWE Australian Business News) -
Empire Oil & Gas NL has entered into an agreement with First Diversified
Financial Services Inc, a Houston-based financial services company, for
FDFS to raise funds in the US of up to $US11.35 million (with a minimum
of $US4.42 million) from financial institutions and mutual funds.
These will be expended pursuant to the agreed farmin terms
consisting of recording seismic and drilling up to five wells in five
defined oil and gas Prospect Areas.
These are within four of Empire's onshore Perth Basin Petroleum
Exploration Permits in Western Australia.
It is planned to expend the capital raised over a two year
period.
During the first half of 2005, it is planned to carry out the
following programs at an estimated cost of US$4.42 million - drill the
Moriary-1 oil exploration well in Exploration Permit EP 426; acquire a
70 sq km 3D seismic survey over the Gingin Gasfield and Gingin West
Prospect in Exploration Permit EP 389; acquire a 60 km 2D seismic survey
over the Yeal Prospect in Exploration Permit EP 389; acquire a 50 sq km
2D seismic survey over the Wellesley Prospect in Exploration Permit EP
416; and acquire a 100 sq km 3D seismic survey over the Mullering
Anticline in EP 432.
 
Re: EGO- (Empire Oil) SHOULD I BUY STOCK?

Update...

Sydney - Friday - October 15: (RWE Australian Business News) -
Empire Oil & Gas NL today announced the grant of Application 4/02-3 in
the North Perth Basin as Petroleum Exploration Permit 432.
The grant of the EP 432 is a result of the settlement of Native
Title agreements over all of the company's Perth Basin applications for
petroleum permits.
The main prospective area within the EP 432 permit is the large
Mullering-Cataby Anticlinal Trend.
Prospectivity for oil is demonstrated by the Cataby-1 well
(1994) drilled off structure, which encountered good oil shows and a
2.5-metre sand at 1690 metres which flowed 25 to 30 barrels of oil per
day during a drill stem test.
The Jurassic-aged Cattamarra Coal Measures sandstone reservoir
in the Mullering-Cataby area is sealed by a 200m-thick sequence of
shales, which are thick enough to also provide lateral seal across the
many crestal faults on the Mullering-Cataby structural complex.
Interpretation of seismic data over the Mullering-Cataby
Anticline has defined 10 leads.
Potential recoverable oil reserves of these leads range from 5
to 10 million barrels each.
Shares in Empire Oil & Gas today rose 0.2c to 1.4c.
 
Re: EGO- (Empire Oil)?

Does it own the oil field outright? Or do they just own a share? If they own it all it would probably be a good buy.
 
Re: EGO- (Empire Oil)?

100%....

Full details and their other prospects have just been published to the ASX
 
Re: EGO- (Empire Oil)?

:)

WARNING ..... astrostuff ahead ..... :)

Hi folks,

EGO ..... as per previous post, the time cycle on 26092005
brought us some production figures and plans for their
drilling program, ahead ..... it also saw the highest
volume traded for EGO, in the past 12 months.

Now, you will remember how we were rubbished for
our positive stance on CVN, which subsequently saw
a rally of more than 100% .....

..... well, here's another turn-around story and just
like CVN this one will take time to unfold, due to
the large number of shares on issue ..... but, it
should tick up very slowly, making us some useful
dollars, along the way.

In fact, this week we should see some renewed interest
in this stock, as a major cycle comes into play.

EGO ..... has pulled back to test September 04
lows in recent times, but should start to improve
later this week, as we come into a positive cycle.

From previous post, on 16092005:

"Later in November, looks a lot more positive for EGO,
(new technology ???), particularly around
24-28 November 2005 ..... :)

02-05 December 2005 ..... 3 major cycles, at this time."

At least 3 wells scheduled for EGO in coming months.

Being highly liquid, EGO will probably attract some
daytraders too, as the price lifts off its lows.

happy days

yogi

P.S. ..... holding EGO.

:)
 
Re: EGO- (Empire Oil)?

yogi-in-oz said:
:)

WARNING ..... astrostuff ahead .....

Hi folks,

EGO ..... as per previous post, the time cycle on 26092005
brought us some production figures and plans for their
drilling program, ahead ..... it also saw the highest
volume traded for EGO, in the past 12 months.

Now, you will remember how we were rubbished for
our positive stance on CVN, which subsequently saw
a rally of more than 100% .....

..... well, here's another turn-around story and just
like CVN this one will take time to unfold, due to
the large number of shares on issue ..... but, it
should tick up very slowly, making us some useful
dollars, along the way.

In fact, this week we should see some renewed interest
in this stock, as a major cycle comes into play.

EGO ..... has pulled back to test September 04
lows in recent times, but should start to improve
later this week, as we come into a positive cycle.

From previous post, on 16092005:

"Later in November, looks a lot more positive for EGO,
(new technology ???), particularly around
24-28 November 2005 ..... :)

02-05 December 2005 ..... 3 major cycles, at this time."

At least 3 wells scheduled for EGO in coming months.

Being highly liquid, EGO will probably attract some
daytraders too, as the price lifts off its lows.

happy days

yogi

P.S. ..... holding EGO.

:)
Click to expand...


Just had a look at the chart of EGO and it isn't often you see one as flat as this.Unless there is some exceptional news about to break it's hard to see it moving out of it's trading range, which let's face it isn't very wide.

But I suppose if the stars say buy who am I to argue.:rolleyes:
 

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Re: EGO- (Empire Oil)?

:)

Hi folks,

EGO ..... volume up again, today.

Looking for some positive news out of this camp,
around 09012006 ..... ???

happy new year

yogi

:)
 
Re: EGO- (Empire Oil)?

...and a chart from me.....
 

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Re: EGO- (Empire Oil)?

:)

Many thanks for the chart Ann, as well as the link
to the Gann info and charts ..... great stuff.

EGO ..... not the prettiest chart and it could break
down and test previously lows briefly, but typical
contrarians look for opportunities, when the masses
are negative and caught offguard, by surprise positive
news.

thanks again

yogi

:)
 
Re: EGO - Empire Oil

:)

Hi folks,

EGO ..... will be alert for some positive news,
over the next few days ..... :)

happy days

yogi

:)

=====
 
Re: EGO - Empire Oil

Looks like this old dog is trying to shake off its fleas, read in a reort somewhere that they will be drilling a well soon, first well in a few years and have farmed out to drill a few more, still its a dog nonetheless, but you know what they say, every dog has its day in the sun

Can't imagine holding an oil stock company that only drilled a exploration well every few years,

anyone actually follow this stock? If so some info would be appreciated
 
Re: EGO - Empire Oil

:)

Hi folks,

EGO ..... a small-time oil producer, with a high number
of shares on issue, so any recovery will be slow - a bit
like CVN ..... making a very slow rounding-bottom.

Traders will probably move in,as spud dates are firmed
up for scheduled wells, ahead ..... :)

Looking ahead EGO key dates may be:

13032006 ..... negative (finance-related) ???

27032006 ..... minor cycle

12042006 ..... positive (finance-related) ???


happy days

yogi

:)
 

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