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HCD - Hydrocarbon Dynamics

Discussion in 'Stocks 0-H' started by yogi-in-oz, Apr 19, 2006.

  1. gerkin02

    gerkin02

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    Re: PYM - Pryme Oil

    Appears to be some decent accumulation today with over 3.6m traded so far with a high of 14c.

    The proof will be in the flow rate.

    All the best.
     
  2. gerkin02

    gerkin02

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    Re: PYM - Pryme Oil

    This stock has gone from 6.5c on 31 Oct to 18c today,yet it attracts almost no interest.
    Flow rate awaits.
    All the best.
     
  3. Sdajii

    Sdajii Sdaji

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    Re: PYM - Pryme Oil

    I can't say it hasn't attracted interest from me! I bought in fairly recently, and topped up yesterday at 15c (great timing!) in anticipation of the flow results which we should have in just a few days. I even tipped PYM for December in the ASF competition :)

    I saw PYM's presentation in Melbourne a couple of weeks ago which only strengthened what I thought about this company. A good flow result is very likely, and will really do big things for PYM. Very exciting time!
     
  4. Kremmen

    Kremmen

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    Re: PYM - Pryme Oil

    Yes, it's amazing. Today's result looks pretty decent to me, yet the stock plunged 25%! I wonder what the sellers were expecting?
     
  5. Sdajii

    Sdajii Sdaji

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    Re: PYM - Pryme Oil

    People are very easily spooked today. Well, always, but especially on days like today. With the situation in Egypt, the market being sharply down, etc etc, a result which doesn't have flashing lights saying "We're swimming in profits" is likely to spook people. Unfortunately someone called me and I was on the phone when the announcement came out. I returned to see it at 17.5c, quickly read the announcement, saw nothing was wrong, and immediately bought a heap at 18c. I think a lot of people are going to regret selling so cheaply today! A friend of mine had a stop loss triggered at 15c! Oops! Poor guy! That's why I don't use the bloody things!
     
  6. Sdajii

    Sdajii Sdaji

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    Re: PYM - Pryme Oil

    I think some people are misunderstanding the current situation with the well. Effectively, the well hasn't been finished. Once the remedial work is completed, which they estimate will be in about two weeks I think, we should be seeing a flow rate more than double, maybe several times the current rate. Anything under 25c is going to look very cheap before the end of the month (the one starting tomorrow).

    The normal procedures used to facilitate flow rates haven't been completed on this well. For it to be producing as much oil as it is right now is extremely impressive! If the prices tomorrow sit anywhere near where they were today, I believe anyone buying is going to be grabbing themselves a bargain!

    I'd seriously recommend looking into this one quickly, as the low prices only seem to exist because of misunderstanding, so they won't last long. I didn't have the money to buy more, but it was such a bargain I sold out of other things to buy heaps today, the largest single purchase I've ever made. If I had more money I'd have bought more today.

    An interview was released at 4.15pm today and may be of interest. It's the first one on the list, you can also listen to previous ones if you want to.

    http://www.prymeoilandgas.com.au/boardroomradio.htm

    When AUT, ADI, etc, were tiny and under the radar, and drilling their first EFS wells, they were undervalued. I remember seeing ADI have a similar crash when there was a problem with their first well, nearly a year ago, and their share price severely but briefly dropped, much like this situation. This looks like a brilliant opportunity to me, and I strongly suggest doing some research into PYM tonight and grabbing a bargain while it's there.
     
  7. Kremmen

    Kremmen

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    Re: PYM - Pryme Oil

    Have a look at today's recent trades. Almost all of it is buys by nibble-bot, which appears to buy 1-1500 shares every 5 mins+/-10 secs.

    1:56:25 PM 0.210 215 45.150
    1:51:27 PM 0.210 1,304 273.840
    1:46:22 PM 0.210 61 12.810
    1:46:11 PM 0.210 1,169 245.490
    1:41:19 PM 0.210 112 23.520
    1:36:27 PM 0.210 472 99.120
    1:31:23 PM 0.210 254 53.340
    1:26:27 PM 0.200 47,857 9,571.400
    1:26:19 PM 0.200 574 114.800
    1:21:25 PM 0.200 1,180 236.000
    1:16:24 PM 0.200 50 10.000
    1:16:09 PM 0.200 339 67.800
     
  8. howmanyru

    howmanyru

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    Re: PYM - Pryme Oil

    kremmen, what does that mean? Is this computer generated trades ?
     
  9. Kremmen

    Kremmen

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    Re: PYM - Pryme Oil

    Well, it must be, unless someone is sitting there doing it manually. What I wonder is who can do this without making a huge loss. If I were do to it, I'd be charged min brokerage on every trade, which would work out about 25% on average on these numbers.
     
  10. bennywizard

    bennywizard

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    Re: PYM - Pryme Oil

    Anadarko Petroleum Corporation (NYSE: APC) (“Anadarko”) have leased a large amount of acreage to the west and contiguous to leases held by Pryme and its partners in the Turner Bayou Chalk project.

    Does anyone know how much Anadarko paid for the lease?
    It would be interesting to do some calculations on the value of PYM based on this, (taking into account that PYM has leases that are in the heart of the play and therefore likely to be more valuable)

    Although its a shame PYM did not lease it themselves at least as PYM have said its "encouraging and provides support for our strategy and interpretation of the Austin Chalk and deeper plays within our leases"
     
  11. bennywizard

    bennywizard

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    Re: PYM - Pryme Oil

    Company director topping up for his super fund, a good sign and a good buy by the look of it, with the 2nd well due to get underway in about a months time its looking like a good opportunity imo.
     
  12. basilio

    basilio

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  13. pixel

    pixel DIY Trader

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    Re: PYM - Pryme Energy

    Could be "anticipatory" buying.
    I hold a ready and am bidding for more - at the right price.

    PYM n 28-02-13.gif
     
  14. barney

    barney

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    Re: PYM - Pryme Energy

    Very nice flow rates from the 21H Well ...... Lot of potential if the rest of their lease delivers these kinds of numbers.

    Rosewood Plantation 21H No.1 Flow Test Result
    Turner Bayou Chalk Project
    HIGHLIGHTS 1,040 Bbls of oil and 1,850 Mcf per day achieved The well continues to clean up unloading drilling fluids Production facilities construction underway


    And the SP gets belted ..... gotta love the market:rolleyes::)
     
  15. basilio

    basilio

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  16. basilio

    basilio

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    Re: PYM - Pryme Energy

    WOW!! SP is falling through the floor. Down 28%....

    I'm not sure what people were expecting with this drill but surely 1000BPOD is a great start for the company.

    I think a lot of stop losses are being triggered and there will be some sorry punters by the end of the day.:2twocents
     
  17. pixel

    pixel DIY Trader

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    Re: PYM - Pryme Energy

    The - rather predictable - reaction offered a great chance to "sell the fact" (I averaged 11.5), then "buy the dip" (my 8.8 bid got hit).

    PYM i1 07-03-13.gif

    Took part profit again at 9.9, but will add if 10c holds later today.

    PYM am 07-03-13.gif
     
  18. rcm617

    rcm617

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    Re: PYM - Pryme Energy

    That would be great if it was maintained, however the 12 hour after only yielded 780 bopd.
    The two previous wells started out with 1167 and 600 bopd, but in a couple of months were down to around 60bopd. They blamed the previous declines on finishing problems, however shareholders may be a bit wary that this scenario may repeat.
     
  19. basilio

    basilio

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    Re: PYM - Pryme Energy

    Good point. I thought/understood that they had addressed this issue. Certainly the relevant figure to see will be the one/two month production figures. But it is certainly taking a hammering at the moment. I just can't see how the results to date justify such a collapse.:2twocents
     
  20. System

    System Administrator

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    On June 1st, 2016, Pryme Energy Limited (PYM) changed its name and ASX code to Indago Energy Limited (INK).
     
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