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Trius Therapeutics, Inc. (TSRX) Message Board

drillingsolutions 28 posts  |  Last Activity: 20 hours ago Member since: Jan 7, 2011
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  • Reply to

    Another year?

    by shoedini May 25, 2015 12:16 PM
    drillingsolutions@ymail.com drillingsolutions 20 hours ago Flag

    I hate to be negative all the time, but to see a well being spud in Feb/Mar of 2016 is probably about the absolute best case scenario possible... If Oil Prices stay low like this, they should not any trouble sourcing a rig & what-not, but they still have a tremendous amount of logistical challenges to tackle before they will be ready to start turning to the right...

    I still find it difficult to believe that this well will ever be drilled, but I hope it is... I am not surprised that IFNY was unable to find an Operating Partner. I am surprised that they are planning to move forward on their own. Good for them, good for yall...

    You have a very good chance of finding Eocene Hydrocarbons, the question: How much? & how fast will it come out of the ground... the 90' thick Pay Sand predicted in IFNY's presentations would be easily resolved in the Seismic data, which it is not... There could however be 9 separate 10' thick sand reservoirs that are pay, but the nearby results of 350 BOPD suggest that at least at that offset location, there probably less than 90 feet of Net Pay... If IFNY can get it done, we will probably find out sometime in late 2016 or early 2017...

  • Reply to

    FXCM goes to $5.00 by end of Week..

    by robbsbeach May 26, 2015 10:17 AM
    drillingsolutions@ymail.com drillingsolutions 21 hours ago Flag

    With respect, of course C is & has been shorting FXCM since the day PRECEDING FXCM's January Misfortune... In fact, it is now clear that FXCM's January Misfortune was definitely engineered by C, or C Insiders...

    They lost a HUGE, money-making machine & they want it back, in their mind, it belongs to them... Will they operate it under the umbrella of C? NO, but they want their Forex Accounts back nonetheless...

    I see no reason to think that C, or C Insiders, are going to stop trying to drive FXCM's share price down. In fact, you can just glance at the intraday chart today & see someone short-selling like crazy... Do you see where the chart peaked @ 10:14 and 11:16 AM??? The Periods from 10:14 through 10:22 and from 11:16 through 11:30; someone (C or C Insiders) was short-selling like crazy during those periods - look at the volume... They actually did a very good job of managing FXCM's share price today, it should have gone much higher...

    In conclusion, C is no where near being finished manipulating FXCM's share price down... Though I wish this were not the case...

  • Reply to

    FXCM goes to $5.00 by end of Week..

    by robbsbeach May 26, 2015 10:17 AM
    drillingsolutions@ymail.com drillingsolutions May 26, 2015 2:11 PM Flag

    Roberto, I'm all for FXCM ending the week @ $5.00... But what on earth makes you think that Citi is going to stop pushing it down??? Citi is not going to give up... Perhaps they can be overpowered, but that seem unlikely... Citi wants FXCM & they are not willing to pay fair value for the company, They will keep pushing it down... They are Still Shorting today!!! if not for the rampant short selling, FXCM would already be over $3.00/share today...

    This Excitement will die off by the end of the week & Citi will still be there... They are managing this price surge well...

  • drillingsolutions@ymail.com by drillingsolutions May 18, 2015 10:13 AM Flag

    I don't know if you guys/girls noticed the bullish options positions that were reported last week or not, but all of this recent selling/shorting is simply CitiBank putting any bullish notions regarding FXCM to rest... As long as FXCM can selloff their assets without any interference from Citibank, then shareholders will be rewarded...

  • drillingsolutions@ymail.com by drillingsolutions May 15, 2015 9:13 PM Flag

    Someone is selling or shorting like crazy...

    What did the CC say? raising money through dilution?

  • Reply to

    Pre-Conference Call Question(s)

    by drillingsolutions May 13, 2015 4:32 AM
    drillingsolutions@ymail.com drillingsolutions May 14, 2015 3:20 PM Flag

    Hard to answer all of those questions... The logistics would be a nightmare... Food, casing, drill-pipe, spare parts, bits, mud products, etc, etc... IFNY, if they were to operate (highly unlikely), they would have to set up lines of credit with all of these service providers, get the products shipped to a staging area in Nicaragua long before the Spud Date... A 2015 Spud Date is not realistic, I don't care what they say @ the CC...

    Price of a rig is $70K/day, + $80K for random service companies (direction drillers, MWD Tools, Mud Products, Mud Engineers, Well heads, Well Head People, Casing Crews, Casing, Cooks, maids, Solids control equipment, hands to operate this equipment, etc, etc), + $10K to $20K/day for a workboat to deliver this Equipment from the dock to the rig as needed (not much room on the rig). If you get a reputable rig, then they will expect a helicopter to take them back & forth. Helicopters, fuel, pilots; these things don't come cheap...

    There will be TONS of downtime, due to logistical problems... For example, the top-drive breaks down & the nearest spare part is in Layfayette, LA...

    Bottom Line: $10MM is not a lot of money when drilling offshore in a forgein country...

  • drillingsolutions@ymail.com by drillingsolutions May 13, 2015 4:32 AM Flag

    After reviewing IFNY's Seismic Data Presentation [Lower Left Link on their website's home page], I have the following Questions:

    (1) Where is all the faulting associated with the tectonic activity that is thought to have turned any cretaceous carbonates into a fractured carbonates with porosity & permeability - thus making them capable of being a reservoir quality rock if a proper seal is deposited above & a proper source-rock deposited somewhere below?

    (2) Can IFNY be sure that Cretaceous Age sediments are even present, given the low data quality? What they are calling Cretaceous sediments looks like crystalline basement rocks to me...

    (3) IFNY's old Presentation estimated between 1.5 Billion & 10 Billion BBLs of recoverable Hydrocarbons from a 90 ft thick reservoir rock with ideal reservoir properties in the Eocene... Why is this 90 ft thick pay horizon not identified & pointed out on their Seismic Data Presentation??? Surely such a thick zone is within the resolution of the seismic!!! Why are there no seismic amplitude anomalies associated with so much hydrocarbon-filled pore-space?

    Other Thoughts:
    Permitting five locations at once kinda seems like IFNY is jumping the gun so to speak... NO Operator is going to commit to drilling 5 exploratory wells. No Operator will even commit to drilling 2 exploratory wells if well #1 comes up lacking. Note: making a simple oil discovery in Well #1 is not going to be good enough. Well#1 will have to prove or at least suggest the presence of Tremendous reserves in order to be economical so far away from infrastructure.

    Despite my negative views regarding the mundane seismic images, I would expect to see IFNY's stock price rise if they are going to drill something... However, the touting of '5-wells' suggest to me that IFNY/Greneda has yet to lure in an interested Operator, otherwise IFNY would be talking more realistically...

  • Reply to

    Why sell now?

    by dajammer12 May 11, 2015 8:56 AM
    drillingsolutions@ymail.com drillingsolutions May 11, 2015 3:40 PM Flag

    If someone is in fact building a short position, & you guys get favorable news during your CC, then you might be looking a nice squeeze... & it definitely looks like someone is building a short position to me...

  • Reply to

    Infinity must be next??

    by shoedini May 11, 2015 11:51 AM
    drillingsolutions@ymail.com drillingsolutions May 11, 2015 3:37 PM Flag

    Do they have an Operating partner yet?

  • Reply to

    Why sell now?

    by dajammer12 May 11, 2015 8:56 AM
    drillingsolutions@ymail.com drillingsolutions May 11, 2015 3:34 PM Flag

    Why Sell Now? I don't know, but someone is either selling or some entity is building a short position at this price level...

    I'm trying to imagine what the company could have planned for the cash from the $12MM private placement, but my imagination is failing me... Perhaps they are planning to acquire new assets?

  • Reply to

    Conference Call???

    by drillingsolutions May 8, 2015 5:31 PM
    drillingsolutions@ymail.com drillingsolutions May 10, 2015 12:03 PM Flag

    I must have misread something...

    No, my broker will not allow me to short this security. I would not be short right now anyway, I would wait & see what happened next Friday & then decide when to short...

  • Reply to

    Conference Call???

    by drillingsolutions May 8, 2015 5:31 PM
    drillingsolutions@ymail.com drillingsolutions May 8, 2015 5:35 PM Flag

    Congratulations to those who bought below $0.40 just made 30% or better...

    The more I think about it, they must be planning to acquire new oil & gas prospects &/or production. I just can't envision $12MM moving the Nicaraguan Concession's development forward in an way...

  • drillingsolutions@ymail.com by drillingsolutions May 8, 2015 5:31 PM Flag

    Can anyone elaborate on the conference call? Did they have anything to say about (1) the Seismic Images? (2) Geology in general? (3) prospective Operating Partners???

    What's the deal on the Private Placement? is IFNY planning to acquire some new properties somewhere??? I ask because $12MM will not go very far towards the development of their Nicaraguan Concession...

  • Reply to

    CKX owns 12,645 net acres of land

    by robert_dinero_here Feb 12, 2015 4:01 PM
    drillingsolutions@ymail.com drillingsolutions May 7, 2015 8:57 PM Flag

    Hahaha... That's pretty funny...

    12K acres is roughly 20 Square Miles... Which, at least by my personal standards is quite a bit of Land...

    12K acres is a phenomenal amount of land when you consider that 90% of comes with mineral rights that are highly prospective for Oil & Gas

    Besides Revenues from Oil & Gas Leasing & Productions most of the properties generate revenues from leasing for farming or from timber sales...

    CKX's Website offers an individual Google Earth file for each piece of property that they own... If you open all the files, GE plots the tracts all at once & it can be compared to maps of known oil & Gas production...

  • Reply to

    The shorts are getting overconfident

    by richard_mantz May 5, 2015 10:29 PM
    drillingsolutions@ymail.com drillingsolutions May 7, 2015 12:53 PM Flag

    Dude, this party is over...

  • drillingsolutions@ymail.com by drillingsolutions Apr 30, 2015 8:40 AM Flag

    Congratulations to all the shorts!!!

  • Reply to

    Broken Clock is Right Twice a Day

    by oceansaratoga Apr 23, 2015 9:31 AM
    drillingsolutions@ymail.com drillingsolutions Apr 23, 2015 4:06 PM Flag

    The way that IFNY is behaving, It does look like news is on the horizon. Regardless of what is announced (if/when), I stand by my past statements that this concession will not be drilled on in the next 10 years - The Oil & Gas Industry is a VERY slow paced industry (on the large scale), A major oil discovery has never been made in the region (or on the entire tectonic plate that the concession sits on). Noble gave the region a shot, but it failed & this will deter the industry for at least the next 10 years...

    There are simply too many good prospects out there that are within a reasonable distance of infrastructure & thus do not have such huge reserve requirements needed to reach profitability. So IFNY's 'traditional' prospects are not going to lure in an Operating Partner (as we have seen). The Fractured Carbonate Reservoir Idea of Jeff Roberts would possibly deliver enough reserves to be economical, but this idea will be a tough sell to potential partners... Why? (1) IFNY does not know if a deeper source rock is present. (2) They do not know if the carbonates are present (3) They do not know if these Carbonates have been properly fractured over time to create porosity & permeability for a reservoir rock (4) if the carbonates & fractures do exists, have these fractures been filled with calcite over time - thus destroying reservoir properties? (5) is there an adequate seal overlying these fractured carbonates to contain the hydrocarbons?

    All IFNY knows regarding the Fractured Carbonate Idea is that (1) Cretaceous Age Rocks are probably down there & they usually have a high percentage carbonates. (2) The tectonic environment seems to exists that could have fractured carbonates, if present.

    The tectonic plate that this concession is on, migrated into present position from the Pacific, making it very unique. It is unknown how this will effect whether or not the Cretaceous rocks are Carbonates or not.

    On a positive note: the current trading pattern looks good!!!

  • Reply to

    MILL's drilling rigs

    by verado Apr 12, 2015 4:49 PM
    drillingsolutions@ymail.com drillingsolutions Apr 15, 2015 12:53 AM Flag

    Oil is headed up... Production has finally peaked...

  • drillingsolutions@ymail.com by drillingsolutions Apr 12, 2015 10:51 AM Flag

    Should be a good week for FXCM despite the negative push on this board... Sounds like whoever has the huge short position is getting desperate...

  • Reply to

    Around $250 Million in cash...

    by drillingsolutions Mar 26, 2015 9:50 AM
    drillingsolutions@ymail.com drillingsolutions Mar 26, 2015 10:24 AM Flag

    $60ish Million in Asset sales & ~$250 Million in Cash Liberated... Cash that the Asian Regulatory Authorities require them to maintain on their balance sheet... It's a pretty simple concept really...

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