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GLV - Global Oil & Gas

Discussion in 'Stocks 0-H' started by yogi-in-oz, Dec 17, 2005.

  1. Slipperz

    Slipperz

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    If I had the time I'd be trading this stock. Plenty of volume and volatility over the past few weeks. Not in but will be interested to see how the drill proves up. GLTA holders! ;)
     
  2. poverty

    poverty

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    And are you selling before spud?
     
  3. Liar's Poker

    Liar's Poker

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    If he is true to his name he will be!

    I wouldn't be surprised if holders reduced their exposure before spud, taking some nice profits and then holding a smaller free-carry parcel just in case they hit some black gold.

    Looking forward to August.

    -Liar-
     
  4. BESBS Player

    BESBS Player

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    Hi Poverty,

    BESBS Player means Buy Early Sell Before Spud, so I guess that basically states my modis operandi. Nonetheless, it is all about timing.
    At this stage, assuming that everything goes well and the rig gets to spud EP 127 as expected, I'd definitely be waiting until the rig moves from the 1st drill to EP127.
    It is gut feeling but I suspect that the final surge of trader money won't appear until they know that the rig has completed the 1st drill and is mechanically fine to go to the BKP well.
    So, I'd be looking to sell the majority into the final pre-spud run. I'll hold a few back for the first few days. The drill should not be too long so I'll wait and see if we get any early hydro-carbon shows or positive announcements to sell into. Unless we get very positive news early on in the drill, I'll let the rest go.
    It sounds boring but one never loses money taking a profit. Secondly, the odds (no matter what the PR/rampers) are against a find that matches hopes. Lastly, BKP will drop considerably if EP127 is a duster. If the SP manages to get to 3c, then I'd have a range of profits from 1000% to 60% - I'll be happy with that as it beats bank interest. :)

    As I have done in the past (see MEO & MMR as examples), I'll be posting what I do on the day that I complete the action.

    All the best with your investments, P.

    Cheers,
    BESBS
     
  5. BESBS Player

    BESBS Player

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    Well, despite the roller-coaster ride in the last month, the BKP boys have been busier than the Greek Treasurer. Baldwin-1 is underway (not part of BKP, we have the next drill). Great to see that the rig is all working as planned to this point. As I see it, possible spud for BKP's well around early-middle September. With oil still high, assuming the rig/technicals all go okay and the wider market can manage to hold relative calm, I still see a final run for BKP.

    True to my name (BESBS), I still hold 100% of my stock and intend to follow what I suggested to Poverty in my last post.

    Cheers and 'hang in there' BKPers.

    Holding main parcel at .003c :D
    Holding trading parcel at .018c :)


    BESBS Player

    PS. Time to look around for the next Buy Early Sell Before Spud play
     
  6. Liar's Poker

    Liar's Poker

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    Interesting announcement regarding the potential listing of BKP on the Frankfurt Stock Exchange released this morning.

    It is a pretty inconclusive announcement (only discussions at this stage), noting that they did mention the word capital raising. I think BKP like having an excuse to put out an announcement every once in a while to keep people interested.

    To be honest, I'm not really sure what to think of this pursuit. Bit left field.

    Thoughts?

    -Liar-
     
  7. BESBS Player

    BESBS Player

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    Sorry for the delay in posting. I've been away for a while, then busy selling (finished the current sales on Thurs/Friday) and buying (and managing the tax issues, always a joy at this time of year...)

    When I last posted in Sept, the market didn't look quite as fragile as it was in early October. While I managed to sell my small trading holding in BKP at 1.9c while the SP stagnated for a week or so before spiralling downward (the 4% profit was hardly worth the effort), I have now sold off 80% of my main BKP holdings. Averaging the sales, I only managed .0165c. This was disappointing given the SP was 0.019c when I last posted.
    On one hand, I should have sold some of these earlier but I wanted to wait as this slight delay meant that I managed to get the 50% CGT-free concession as I had them for over 12 months. With provisional tax, the drop in profit was more than compensated by this concession (if that makes sense??)

    As I read BKP now, we won't hear about the EP-127 spud until it occurs (probably in 2 weeks). If we get through October, the market might improve although the issue of Greek debt will arise again in November. Anyway, I'll let 20% ride into the spud and hope that the day-traders front-up at spud.

    Usually I would have let most of it ride at this point. Nonetheless, given the profit already gained and the market at this time (400+% profit with 50% of it CGT-free), I felt it best to follow my conservative nature and get set elsewhere in stocks that offer BESBS potential but with the following features:
    1. Probable drilling in the next 4 months (or at least the market thinks so!)
    2. Funding taken care of (or CR already done)
    3. A SP that is within 10% or so of the acompany's annual low.
    While there were others around, I've opted for BAS and CUE. I'll comment on those threads. I'm also checking out a couple of others. I am no expert in this game but have found that markets such as our are wonderful opportunities to make significant profits in the 4 month- 12 term if one gets set in the right stocks as many are at 'bargain-basement' prices.

    Cheers,
    BESBS

    So far:

    Holding 20% of main parcel at .003c
    SOLD 80% of main parcel (bought at .003c) at .0165c ave. 400+% profit with 50% CGT free
    SOLD trading parcel at .019c (4% profit) :confused:
     
  8. BESBS Player

    BESBS Player

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    Today BKP announced that the rig is ready to go! This isnow the pointy end of the deal. Given theshale involved (provided that Greece and Europe hold up ok), I reckon thefollowing might be the pattern:[/size]

    SP to hold and increase slightly (I can see 2c/2.2c maybe) asthe vertical drill starts to go down. IF they hit oil shows here(not likely as in any wildcat) , then whooshka – 2.5c+ simply on excitement. If not, then we should see a smallsell-off and then interest as the horizontal drilling commences. It is not outrageous to think that they might hit oil shows in horizontal drilling stage. If they ‘market’ this as a great discovery (they almostcertainly won’t have a clue how good it is without fraccing), then the SP willrise again (target SP dependent on earlier vertical drill). If nothing, then the SP will drop veryquickly. If, like GGP recently, oil is found above early expectations, then SP goes whooshka.


    Remember all, this is a wildcat so the odds are not great (I rate commercial flows chances at 10% or less). However, the chances of untested 'oil shows' in the horizontal section are reasonable and emotion would drive the SP up in this case.


    Hold on...the ride begins again. :)

    So far:

    Holding 20% of main parcel at .003c
    SOLD 80% of main parcel (bought at .003c) at .0165c ave. 400+% profit with 50% CGT free :D
    SOLD trading parcel at .019c (4% profit) :confused:
     
  9. Liar's Poker

    Liar's Poker

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    All,

    Similar to BESBS, I thought I'd update everyone on my movements. Over the last month I have sold all shares in BKP at an average price of 1.78 cents. In retrospect, I could have achieved a better result by selling more at a higher SP at an earlier date. As I have been a holder for some years, CGT was not an issue.

    Nonetheless, I'll take the 370% return in this market and leave happy.

    Good luck to all holders waiting for results. Your balls are bigger than mine.

    I might see you on the next one BESBS.

    -Liar-
     
  10. boff

    boff

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    This may well be it boys and girls. Trading halt. News out between now and next Tuesday. My balls are feeling particularly vulnerable right now. :eek:
     
  11. boff

    boff

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    On second look may not be that major. The last bit of news (Nov. 11) told us to expect a drilling report today.

    "Unless a material event occurs in the interim, Baraka expects to issue its next drilling update report approximately Friday of next week."
     
  12. poverty

    poverty

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    The trading halt announcement says it is 'regarding material events, results from a DST (Drill Stem Test) and update on the drilling program.

    Fingers crossed, but I can't imagine it being all good news with the SP drifting down the way it has. Probably hydrocarbons detected, fraccing looks promising, but won't be fraccing until after the wet season (ie/ March).
     
  13. Joules MM1

    Joules MM1 ....everything has an art

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    an awake price, an asleep thread.......a good sign

    :D
     
  14. BESBS Player

    BESBS Player

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    Not all asleep, Joules.

    Watching and waiting quietly.
    I have 20% of my original holding in the drawer at a purchase price of .003c. Just waiting for the drill bit in H2 2012. Nice place to be waiting at present. :)
     
  15. metal_loz

    metal_loz

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    I sold my original parcel for $0.017 (purchased at $0.008 at the end of 2009)
    Currently holding a trading parcel purchased at 0.021

    I think we should see another rise this week on the back of PFC's gain at close. It seems to be trending with PFC lately.
     
  16. Joules MM1

    Joules MM1 ....everything has an art

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    (PFC) c'mon guys, youve bought a truck load more land how... about that drilling?

    CALGARY, May 30, 2012 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is very pleased to announce that Ensign's Rig 918 is currently mobilizing to the MacIntyre-2 well site location in the northeastern corner of EP 127 in the Southern Georgina Basin, Northern Territory. It is expected that the Ensign drilling equipment will be onsite by early June 2012 and that the Southern Georgina Basin operational activities will resume during the week of June 4, 2012.

    This first phase of the 2012 capital program will focus on the drilling of the horizontal leg at MacIntyre-2, which is expected to take approximately two weeks. Once the drilling is completed, PetroFrontier will have earned a 75% working interest and operatorship in EP 127.

    After drilling MacIntyre-2H, the Ensign rig will re-locate approximately 300 km to the eastern border of EP 104 to drill a high angle pilot hole at the third location, Owen-3 in EP 104 (100% working interest) and if PetroFrontier considers conditions to be favorable, a subsequent horizontal section at that same location. Mobilization of Ensign Rig 918 to the Owen -3 well site is anticipated to take one week, with the expected drilling timeline for the vertical and horizontal sections at Owen-3H being approximately four weeks.

    Subsequent to this drilling activity, the second phase of the 2012 capital program will commence with the mobilization of a coil tubing unit and service rig for the completion, fracturing and flow testing of Baldwin-2Hst1 (EP 103), MacIntyre-2H (EP 127) and Owen-3H (EP 104), in that order. Both the Baldwin-2Hst1 and the MacIntyre-2 wells encountered very encouraging hydrocarbon responses while they were being drilled in the latter part of 2011. This type of unconventional oil play requires the use of advanced horizontal drilling and completion techniques to be economic, and the use of proven North American technologies is expected to give PetroFrontier a good chance of establishing commercial production.
     
  17. Joules MM1

    Joules MM1 ....everything has an art

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    07/06/12

     
  18. Joules MM1

    Joules MM1 ....everything has an art

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    slight shift in onus for ep 127 and 128

     
  19. BESBS Player

    BESBS Player

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    Finished. Was hoping for a late surge in the SP but the general market nervousness, tax-time selling and the offer of better BESBS plays has impacted upon BKP at the moment. While the current drill might turn out to be a huge success (and I do hope so for holders), I'll take my profit and go. Only had 20% of original parcel remaining but now out.
    All the best to holders.

    Time to get set elsewhere following the BESBS strategy.

    SOLD final 20% of main parcel (bought at .003c) for .011c at 266% profit with 50% CGT free :)
    SOLD 80% of main parcel (bought at .003c) at .0165c ave. 400+% profit with 50% CGT free
    SOLD trading parcel at .019c (4% profit)
     
  20. Joules MM1

    Joules MM1 ....everything has an art

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    jv partner is a busy outfit

     
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