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2 million share dump
I guess it's a dry well
Ec
If not this week, most likely next week
Ec
Would love to see a spike to .06 here, on good news. If we get a Woodside Option announcement, I think .06 is definitely in play. Not much resistance left in the stock. One seller at .028, another at .04 and then the next at .10. Could be some hidden sellers out there, but not much showing on Level II right now. I really hope they release the news before the holiday weekend.
I guess when they said “the end of August”, they meant it!
No. They only file annuals every October
Hi buxmaker Has Pancon published a quarterly report about the 2nd 2023 quarter yet? If yes is there a link?
I, and I suspect many others, thank you.
Doug, yes, I will post it here. I would imagine there will be several news releases over the next few weeks and months as they will continue to analyze the data and work out a drilling schedule, assuming WDS chooses to go forward.
Hi buxmaker Will you get an email or have a link to the report/announcement? If so could you post it?
maybe we can hit .06 cents with great news
ec
Thanks buxmaker for the heads-up.
Seismic results are due next week. Next step is a Woodside option exercise
Thanks buxmaker
Another positive article about Namibia-
https://oilprice.com/Energy/Crude-Oil/Is-Namibia-The-Next-Guyana-For-Oil.html
Yea
Waiting on news
Next week
Ec
Someone hitting the .025’s for 70k.
Once the news starts flowing later this month, volume should increase dramatically and the spread should tighten. The stock action is just noise until then
Looks like penny flippers have discovered our stock running the price up and down for a few hundred dollars.
I am not interested in playing.
GLTA Farrell
Getting close. Just two weeks to go in the month. Seeing some more buying today above .02.
Getting closer to 3D results
I'm hoping we get great news
Ec
Good to see the .023’s taken out. There is some size at .028 and then little showing above. Bring on some news!
Should see an uptick in price this week and next week
Ec
The stock is back to .02 in Australia, a good sign. Nice to see it rebound strongly after that profit taking.
Next week should be busy
We also have news from surrounding areas
Have a great weekend
Ec
Someone just bought 200k at .019. There has been someone trying to sell that 200k for a week, pushing down the ask price. It is good to see them filled and out of the way. Also good to see buyers at .019.
We have to be getting close. Just a few weeks to go in August.
Looks pretty good to me. The stock has traded at or below .01 consistently for years. Now we are getting regular buys from .02 to .028. Just need some news to push it to a new level.
With an announcement coming this month, we will hopefully see continued buying. It is good to see the stock trading consistently at these higher levels.
Down 10%
So much for hoping
😂
Ec
15 k shares bought at .028
Bid sitting at .02
Hoping for a great week
Ec
Another heavy volume day in the Aussie shares, with lots of buying over .02. Was hoping we would see another push higher here today, but someone sold 10k at the bid to send us slightly lower. Hopefully next week will continue the move higher.
Looks good. Hopefully someone will slam the high .02’s like yesterday and we can move higher
Bid keeps moving up
Soon people will be fighting for shares
Ec
Wwwwwwweèèèèeeee
Great to see the ask getting hit
Ec
Wow, someone just bought a million shares at .028, for $28,000. That has to be a good sign!
Will the 3D seismic survey gives us an estimate of oil volume
I'm hoping for 10 billion or more
Or do we have to wait until drilling starts for that information
Ec
Only 126k shares posted between .019 and .04. Hopefully good news will blow through those shares.
That's great news
All we (us) is to follow the market down under
Ec
Another strong day in Australia as PanCon hit .022 on heavy buying.
Anyone else have any guesses on anticipated share prices? I am guessing .05+ by year end, leading into drilling, assuming a favorable or upside surprise seismic and Woodside option exercise.
Thanks for your reply
I appreciate your opinion
Ec
The company said recently they would be announcing the 3D results in “early August”. So I would expect something in the next two weeks. WDS can announce their decision on the option at any point after the 3D release. They need to secure a drilling rig, so hopefully they will decide and announce in the near term. An exec at Sintana, who is a minor player in this deal told a PCOGF shareholder in an email that WDS had already decided to exercise the option. Hopefully that is true and they announce soon. Who knows where the stock goes. I guess it depends on what they announce. The US shares are very thinly traded, so they could really spike if we get some highly favorable news. We just have to wait and see. I don’t offer financial advice, just speculation based on what I have read.
Can you bring me up to speed on potential news dates?
Or if you can your opinion on pps
Ec
Nice. After .028 there is nothing until .10. Hopefully we get a Woodside option exercise on top of the seismic report. They need to be securing a rig in advance, so hopefully they have already made the decision to move forward as Sintana said and PanCon implied.
I hit the ask
Let's hope news is good
Ec
Shares closed at .021 in Australia on 40+ million shares traded. It is rising every day in anticipation of news.
Good luck. Hope you get filled. I have been buying in an almost daily basis around .01 for the last several months. Looks like the train is finally leaving the station.
I put a bid in for 250k
Hopefully it gets filled
Ec
PCOGF hit .02 on nearly 60 million shares traded last night. Massive buying in anticipation of 3D and option news. Hard to believe we aren’t seeing more action in the US shares.
Nice! PanCon shares in Australia closed at .018, a new high. Bring on the news!
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