GLX - Gulf X

[yogi-in-oz]

Hi folks,

GLX ... given that the rumour-mill has let
us down again, maybe we should look at the
time cycles ahead, for some direction ...

Some key GLX dates ahead, may be:

26-29052006 ..... minor and positive news???

07062006 ..... minor and positive cycle.

13062006 ..... minor

14062006 ..... significant and negative news???

30062006 ..... aggressive and positive trading here???

07072006 ..... minor and positive news???

10072006 ..... negative spotlight on GLX

17072006 ..... minor

02082006 ..... significant, negative and finance-related???

09082006 ..... positive spotlight on GLX

18082006 ..... minor

21082006 ..... 2 cycles here ... positive news expected,
however market reaction may be flat.

25-28082006 ..... significant, positive and finance-related???

September/October 2006 ..... pullback looks likely.

November 2006 ..... probably flat-to-uptrend

December 2006 ..... should be a very good month for GLX.

happy trading

yogi

 

[YOUNG_TRADER]

This is definately worth a spec punt IMO, not many Aussies operating in Gulf of Mexico, will be drilling in the shallow water areas, tiny mkt cap company drilling in one of the most active areas in the world, has been termed the 'mini petsec'.

Agian is spec but risk reward ratio on this one is unbelievable, drilling in August I think,

Has opies too

 

[YOUNG_TRADER]

hmmm not drilling till after the hurricane season, around November, too long to wait for specie, sold out,


Shall re-visit closer to drilling ie October

 

[acer]

Looks like it will be three juniors to take a step up into the Gulf of Mexico shallow waters ~LIO, GLX and ETE. LIO have just sold their ETE and GLX shares and are prepairing to join both ETE and GLX with drilling the South Marsh prospects very soon. Joint operating agreement signed with Ridgelake on Friday could be news any time of drilling dates for this quarter regarding the above two prospects.

 

[yogi-in-oz]

Hi folks,

GLX ..... should be strong next month, as
several positive cycles come into play:

30112006 ... positive cycle ... finance-related?

08-11122006 ... positive spotlight on GLX ...

19122006 ... positive news expected here

27122006 ... negative cycle - finances?

29122006 ... short, aggressive rally here ...?


January 2007 should see GLX a little more volatile,
but mid-February will likely bring a strong rally,
from around 15-21022007 ... ???

happy days

yogi

 

[OK2]

GLX an early Christmas present

Finally one of my stocks is moving nth, GLX has decided to give me an early Christmas bonus. Not to say it will not head back down where the rest of my stock has been parked almost half of the year. I have never seen such joy at the word drilling, if only I could be drilled more often. Merry Christmas all

 

[Caliente]

Re: GLX an early Christmas present

wow. this is a strange one. Any idea OK2 why it took them this long to get a damn drill into the ground? There were complete reports conducted way back in February 2006.

Still, having a read, things look interesting. I'll keep an eye on this one.

 

[yogi-in-oz]

Hi folks,

GLX ..... looking ahead, early-January looks
negative, but with a little luck we'll see a
big rally, in mid-February:

29122006 ..... short, agressive rally ???

05-08012007 ..... 2 cycles may bring
negative news.

17012007 ..... positive and minor ...
..... finances ???

25012007 ..... positive news here ???

06022007 ..... minor and positive.

08022007 ..... 2 negative cycles here.

09022007 ..... minor and difficult.

15-21022007 ..... big rally here ???

happy days

yogi

P.S. ... holding GLX.

 

[OK2]

GLX is pretty much on track with their intended drilling schedule Caliente, it is outside the Gulf of Mexico hurricane season as they had planned. I believe they initially had difficulty securing a drilling rig with the right circumstances. It may partly explain the Capital raising earlier in the year with the issue of more shares. That would be my interpretation.

 

[yogi-in-oz]

Hi folks,

GLF and GLX ... time cycle analysis for these suggests, that
we should be alert for some news/moves, on:

18-21052007 ... positive news expected here

23-24052007 ... negative cycle here ... finances ???
... trading may be flat, due to a weak underlying
positive cycle from 21-28052007

06-07062007 ... two POSITIVE cycles to trigger aggressive move
for GLF and GLX ...??? ...

22-25062007 ... positive cycle here .. finance-related ... ???

09072007 ... NEGATIVE spotlight on GLF and GLX

happy days

paul



=====

 

[moneymajix]

Edited - up 15% to 11.5c. Options unchanged.
at 3.24pm.
________________

Yogi, thanks for your info.

I am interested in your astro stuff.

Do you have any additional info since your last post in May?


The GLX share price has improved of late.

Today up 10% to 11c.

The options remain unchanged at 3.4c.


Good luck to all holders.


PS: Have you ever done any astro stuff on CXY?

 

[Evangeline]

hi yogi

still holding...this one looks like it's going to take off after the likes of lnc, mee and cxy....now intends to focus on its syngas ctl project...looks good...only one in south oz and close to transport etc.

a lot more interest lately....shares hit 10.5 cents today and oppies 4c....still flying a bit under the radar atm.

anyone else got these?

cheers

 

[unit]

Picked up some of these this morning.
Another UCG plus sulphur as a by product.

From their website:
http://www.gulfx.com.au/projects.html
'GulfX has acquired Syngas Energy, a company focused on achieving large scale syngas production from its substantial feedstock deposit located near Adelaide, using existing gasification and associated technologies to produce significant quantities of low-sulfur high-quality automotive “Clean Premium” Diesel, Power (in the form of gas as input to gas fired power stations), and native/pure Sulphur for sale in the industrial market place.'

 

[farout]

Nice work unit, you musta got in just after me. I grabbed 500,000 at the opening. Kinda shot the price up but has settled back now.

 

[Dukey]

Picked up some of these this morning.
Another UCG plus sulphur as a by product.

From their website:
http://www.gulfx.com.au/projects.html
'GulfX has acquired Syngas Energy, a company focused on achieving large scale syngas production from its substantial feedstock deposit located near Adelaide, using existing gasification and associated technologies to produce significant quantities of low-sulfur high-quality automotive “Clean Premium” Diesel, Power (in the form of gas as input to gas fired power stations), and native/pure Sulphur for sale in the industrial market place.'

Had a look at this mob recently - Not absolutely sure - but i believe Gulfx plan to MINE their lignite and then gasify it in their plant afterwards - if this is the case then they are not Underground Coal Gasifiers.... but they are CTL = coal to liquids.
Maybe this above ground process allows them to recover the sulfur??? not sure.

check out this syngas presentation http://www.gulfx.com.au/documents/GLX_SyngasPresentation_20-11-07.pdf

They should have plenty of potential regardless of below or above ground, but they look to be well behind LNC and MEE in the process towards building a plant and making diesel.

still... I'll be watching... they will probably benefit more from the total sector action happening...

Dukey -
not holding.... yet

 

[unit]

Saw that order go through farout, good luck with it.

The presentation just came out and on page 3 it does say they mine the lignite, dewater it, and then gasify and then onto diesel, power generation and sulphur.
Targeted production of 30,000 barrels per day of premium diesel on page 5.

100kms from Adelaide.

From Announcement on 13/5/2008 the drilling is only down to depths of 100 metres, so the seam must not be deep enough for ucg.

 

[farout]

Nice 5.5 Million shares traded today in GLX, biggest volume on record. Hope a few others here have now jumped in. Currently 25% gain today

 

[mick2006]

After reading the presentation by GLX today, I have switched some profits from CXY,ICN into GLX, this company could truely be massive.

Given the massive increase in power demand to be generated by the expansion of the olympic dam mine, companies like GLX are in a perfect position to take advantage of future energy demands.

Also they are likely to benefit from the hype in the coal seam sector at the moment, wouldn't surprise given the run up of companies such as CXY,MEE,LNC,ICN to see GLX pressing 20c in the coming weeks based on momentum in the sector and the beginning of resource definition drilling.

 

[blehgg]

Nice 5.5 Million shares traded today in GLX, biggest volume on record. Hope a few others here have now jumped in. Currently 25% gain today

1 million of those were yours farout?? hehehe

nice pick from this morning....

I got a small parcel at 11c ~

 

[farout]

Not quite that much blehgg, but I know a couple of others who jumped in this morning as well. Getting close to 6 mill traded for today.