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I would say they are just slightly under but they are close. The October presentation says they are 7000/net and I believe that includes the 700 bopd announcement, but that may be the avg since they have to shut down some producers to drill on the same pad. I will call and ask today.
Pan Orient, Thailand: NSE-A4 on Production at 830 bopd
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f{F834BD86-5A34-4BD3-9325-AD9C4741E329}&symb=POE
NSE-A4 appraisal well (60-per-cent working interest and operator)
The NSE-A4 appraisal well was completed and put on production at a rate of approximately 830 bopd (0.05% water cut) after a number of difficulties related to the severity of the fracturing of the main volcanic reservoir which resulted in the loss of over 64,000 barrels of drilling fluid while attempting to complete the well on three side tracks. In the final completion, the production liner was unable to be set through the reservoir section after encountering an obstruction above the reservoir interval. A drill bit was attached to the end of the production tubing and drilled through to the top of the main reservoir. This production rate is noteworthy given that oil is being produced through production tubing with a drill bit still attached to the end of the tubing.
NSE-D1 appraisal well (60-per-cent working interest and operator)
After the installation of a larger diameter tubing pump, NSE-D1 is currently producing at an increased stabilised rate of approximately 1,063 bopd with an average water cut of approximately 0.28%. The NSE-D1 appraisal well, located approximately 455 meters north of the NSE-B drill pad, was originally announced on November 7, 2008, as producing 710 bopd prior to the installation of the larger pump.
NSE-D2 appraisal well (60-per-cent working interest and operator)
The NSE-D2 appraisal well encountered the top of the main volcanic reservoir at a depth of depth of 754 meters true vertical depth (TVD) approximately 330 meters north of the NSE-D1 location. Approximately 34 meters of highly fractured volcanic reservoir was drilled, with mud losses of approximately 1,200 barrels. The well has been put on test, flowing mainly gas with some oil, indicating close proximity to an interpreted oil water contact. Rig 14 is currently moving back onto this location to drill a side track approximately 10 to 15 meters structurally lower into the oil leg, at which time testing is expected to resume.
NSE-D3 appraisal well (60-per-cent working interest and operator)
The NSE-D3 appraisal well was drilled into the main volcanic reservoir at a depth of approximately 823 meters TVD and a sub surface location approximately 315 meters north west of the NSE-D1 location. A highly fractured volcanic reservoir section was encountered that resulted in over 6,000 barrels of drilling fluid losses. An 8 meter highly fractured oil stained core was cut through the main reservoir objective. A slotted liner is currently being set through the volcanic reservoir section and testing is anticipated to commence shortly.
NSE-C1 appraisal well (60-per-cent working interest and operator)
The NSE-C1 appraisal well encountered the top of the main volcanic objective at a depth of 775 meters TVD at location 1,248 meters east of the NSE-B drill pad in area targeting possible reserves as defined in the year end 2007 NI 51-101 compliant reserves report. Lost circulation was encountered within the main volcanic target with drilling fluid losses of approximately 1,900 barrels. Testing to determine the hydrocarbon potential of the volcanic reservoir at this location is anticipated to commence shortly.
Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with operations currently located onshore Thailand, Indonesia and in Western Canada.
it is just comical to hear people complain about the stock reaction (or lack there of) when they are the ones selling was my main point. Obviously there are companies still under promising and over producing such as zagg and they are the ones to hold on to. The CC was very very good, you should really listen to the CC.
ot:wow some of those symbols are blasts from the past. I was once a very large shareholder in daat. Small world. Is collins still expensing his 6k/month miami condo on the company?
Great article which ceo of ZAGG talked about on CC. Innovative web marketing with Google/and now Youtube. Zagg mentioned
http://www.latimes.com/business/la-fi-youtube13-2008nov13,0,5847615.story
.75-.80.......I would expect so too and will be waiting with another two fists full of cash. What companies are beating expectations? A little more then 0 and less then 2, so that leaves us. This isn't my first rodeo or first recession and when you find companies that can break the tide during one, you buy with both fists for that day when "smarter" people buy those shares from you at much higher prices. Getting nit picky about how a stock trades from day to day is pointless. In todays markets people are selling stocks such as ZAGG because it hasn't fallen off a cliff like everything else they own. It is not logical but it is what it is. I look forward to buying more and holding well into 2009. In regards to guidance, it is too early in the game to have/give guidance for this young company. I have talked to them that professionals watching this name wont' appreciated some of the "overly positive" rhetoric in past press releases. Let the anaylsts such as Robins or whomever give there 2 cents as Im' sure they will in the coming week(s) and we can use that as a starting point. In this market guidance can only hurt you as fridays "blow out" earnings showed (ie no reaction).
I bought 35,000 on Friday and will add if this thing pulls back in as I have been almost every day the last 10 days. It's only a matter of time, even in this terrible market, until people wake up to the Zagg opportunity. In a rational market we would have closed over $1.50, but this market isn't exactly rational.
heck of a qtr..wow
I live near the Philadelphia area. Went on a dd trip to the King of Prussia mall last night to see the Zagg Kiosk. The kiosk was located right outside the Apple Store. The Apple Store was packed as usual and it looked like good follow through flow to the Kiosk. I then went to the neighboring best buy. I found the invisible shield which was stocked right next to other "covers", "shields", and "cases". The best buy was too packed for me to ask the clerks which one they recommend. I did find several Zagg SKUS a the best buy. Locked and loaded.
gilead
I've spoken to the company. Told them they shouldn't be pumping pre earnings pr's. Its just not professional. They agreed and said they toned this one down to transition away from the pumpiness but didn't want to completely leave out "positive" comments due to investors looking to far into it (ie: thinking it wouldn't be a good quarter).
I view the robbins report to be pretty accurate...in regards to revs and net margin
bought a nice chunk yesterday. good luck to us.
yes, they are the only junior acting like they are alive
POE.v partner reported earnings yesterday which were encouraging
http://www.carnarvon.com.au/docs/September%202008%20ASX%20Quarterly%20Report%20Final.pdf
Nice close in oil on expiration/short covering
Pan Orient, Thailand: NSE-D1 Tests at 710 BOPD
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f{59991187-D315-4E70-B069-B850DFDAE1F0}&symb=POE
Little GORO holding nicely. Had a bid in for some at $2 all day. Might get it tomorrow.
I was also watching AEM today. Probably the same funds that bought it at 80 are selling it here. Heck of a company though. Probably the best mid major. Other low cost producers like Yamana and Gold Corp also crushed.
Agreed. I would not touch a junior company unless they were in production or close and producing at low cost. hmmmm which one would that be.
got 10k more poe
time to put some stink bids in on some oil names
I agree. I dont' think OPEC can do that much at this point. If the dollar keeps rallying accompanied by all this bearish world economy news..we will see $60 oil very soon.
GORO: Gold Resource Corporation Updates Mineralized Material Estimate for El Aguila Project
http://biz.yahoo.com/iw/081022/0445288.html
Exactly. I might as well just hold off buying Canadian securities soon it will be a buy one get one free sale because the dollar is one viagara.
Yeah it looked like a broker to broker transaction (ie same broker)
POE: Nice close on down oil day. Something tells me I should have bought more. Oh well. We may get one more retest of oil lows before OPEC meetings on Fri. Come on sellers.
I bought a chunk at 3.90 as well.
Nice day today across the board for most mentioned here. Lets hope the bottom is in for oil. Hoping OPEC cuts a ton. I know its bad when I'm rooting for higher oil prices. But I would gladly pay the higher prices a the pump.
I disagree with that poster entirely. The effects of Peak oil will hit us again within 12-24 months. Read Boone's book which outlines this very well. All the analysts I talked to believe $200 oil is imminent in 2-3 years.
Spoke to POE CEO, Sprott and Research Cap analysts on Friday. CEO said they bought back approx 250,000 shares since buy back was announced. I think we prob get well results this week on 1 or 2 wells. Both analysts have POE as their #1 oil stock. Good conversations. Since I'm new to the oil arena many comments went over my head but I absorbed enough to be quite impressed. I think oil prob goes down into the low 60's in the coming days/weeks and this should create one of the best buying opps (maybe forever).
the amazing thing is despite what everyone says our supplies are not bearish - we are below the five year average in gasoline and crude supplies -- buy the pain
Terrible Oil Inventories...come down to papa POE
$3.90 a barrel...total costs including drilling the hole and transportation to refinery is about $8 barrel
buying 10k more at 3.65 can
bought 35,000 at $4 Can...just gave up bidding and took offer
hmmm...going to put a big bid in on POE..lets see what shakes
Very well...a couple questions for you in regards to POE..
I've looked through there presentation but much like when I first looked at GORO 2 years ago for the first time it took a month before me to understood half of it. I'm thinking about making POE a more meaningful position if there is further weakness in the coming days/weeks.
What do you think there current net production is? CEO says he expects to reach the 9000 bbl net/day possibly by end of October.
Also what is the further potential of the Thailand properties? It seems as though everything they drill turns turns into a 2000+ bbl/day producer. Can they simply keep drilling or are they limited in some way. It seems that they could easily increase to 15,000 bbls a day net in 2009.
Is the Thailand growth stifled by the 15,000 bopd refinery loading capacity or can that be increased?
Can you explain the potential of the Indonesia drilling in late November? The CEO says it could be a company changer. Can you give me some more transparency to the potential?
As a large shareholder in GORO in the mining sector this looks to the be the equivalent in the oil world. I don't see oil going to 0 (like the whole world now seems to think) but probably going to 70, basing, and then inching higher. I mean heck, inventories are much tighter now then when oil was at 148. I would think if they could just do what they've been doing and the commodity markets stabilize the likelihood of 100 oil in the next 12 months seems very doable in which case POE could certainly be $20+.
c1001
you should start a separate POE.V board on ihub.
Bidding for 20k more POE at 2.50 POEFF
Same here bought 20k at 2.80 POEFF