I am concerned about the 911. So far only a couple of hub caps. No ride in the country yet?
Six new wells are scheduled in 2015 and this will mark the first new exploration activity in the region for more than two years. Falkland Oil and Gas announced the drilling contract in June; the Eirik Raude rig is currently 300 miles (260 nautical miles) off the Cape of Good Hope and steaming towards the Falkland Islands.
The floating rig will drill in six sites. Two wells in the North Falkland Basin (operated by Premier Oil) followed by two wells in the South & East Falkland basin operated by Noble Energy (not listed) and then a further two Premier-operated wells in the North Falkland Basin. Falkland Oil & Gas has interests in five of the wells ranging from 40pc to 52.5pc. The whole operation will take about 240 days.
Based on the stock today, it might be making a reversal. If so, something probably up! If nothing is up might go back down.
Longer term I'm optimistic, but always cautious.
Today was a lot more fun than the past month or so. Was starting to curse "POS" under my breath. Now, maybe I won't have to send the goon squad over to Yorkville to do some kneecap work?
P.S. What the hell happened to the 911?
Looks like its going under! Whoa Daddy! Sorry I ever even mentioned it as a possibility!
Since it is a foreign stock that trades on several exchanges, you have to look at the other exchanges, it traded over 2 million shares today in London, it has traded over 250 K in Toronto, but here in the U.S. caza trades on the OTC market and the average volume is only 75K. So there is reasonable volume today overall. Just consolidating volume is all. She'll go up on good news, until then just drink your coffee or a splash from the Vinnie.
He wrote 2 articles published on Seeking Alpha covering Caza, the first was on May 15th his original recommendation. The stock went up but came back down the following week. Then on May 21 he wrote a second article in which he said the following:
•The Delaware Basin is Manna for all the companies with properties in the area.
•Thanks to the proven multi-stacked oil pay, the exploitation of the Delaware Basin is still at its infancy.
•Caza Oil & Gas is one of the juniors in the Delaware Basin that is sitting on a gold mine.
May 21st is when Cazff went on a run to gain by 70% and has now pulled back 25% and may not go down any further I'm thinking.
Gotta give him his props, he has quite a few eye-balls doesn't he? Look at the volume. I'll buy it if it pulls back closer to $4 in the next week, but who knows how it will go? How undervalued does he say it is, and how much upside is he forcasting for Epsilon?
At least I get to hang on to that fiver!
Summary of Caza by Value Digger in his article published on May 14 @ 5 p.m.
•Caza Oil & Gas is a diamond in the rough.
•The company is an oil-weighted growth play in the Permian Basin with proven assets and a solid balance sheet.
•Caza's current valuation is severely depressed.
•Although Caza Oil & Gas is not a biotech or a marijuana stock, its stock offers a potential triple-digit return from the current levels.
Cazff had closed at .26 on May 14th.
Cazff closed at .26 on May 21st.
Over the next 9 trading days Cazff gained 70% to close at its 52 week high of .44.
On May 15th the day after the article recommending Caza, Cazff gained 15% on very heavy volume over 1.5 Million shares traded. It then went back down to .26 before making its run to .44.
On July 28th Cazff is now trading at .365.
Caza Oil & Gas announced an update on drilling activities in West Copperline Property and Gamma Ridge in New Mexico. In the 3rd Bone Spring Sand interval, the West Copperline 29 Fed #4H horizontal development well reached a total depth of ~16,015 feet and subsequent fracture stimulation commenced on 1st July 2014. The well produced at a peak 24 hour gross rate of 1,598 barrels of oil equivalent, delivering 1,220 barrels of oil and 2.27 million cubic feet of natural gas.
The Broadcaster 29 Fed #3H horizontal development well, direct offset to the West Copperline Fed 29 #1H and #3H wells, is drilling at ~10,800 feet; preparation for drilling the lateral section is underway. Meanwhile, the Gramma Ridge 27 State #2H horizontal Bone Spring test well reached a total depth of ~14,650 feet in the 2nd Bone Spring Sand interval.
At West Copperline, the company is currently producing four wells on two contiguous 160 acre tracts (west half), whereas the Broadcaster wells (east half) would be operated by a third party. Log and core data from Brushy Canyon, Avalon and 1st Bone Spring Sand intervals here point out the presence of oil and natural gas across each of these intervals. The company has a 62.5% working interest in these wells.
Our view: Encouraging results from West Copperline further enhance the prospectivity of the Bone Spring Play. Additional drill activities undertaken here have shown an accelerated pace of operations, alongside reducing costs. The recent log and core data obtained across multiple prospects within West Copperline improve the asset’s prospects for future development. Moreover, the US$10m funding secured from Apollo Investments last month would help Caza finance its upcoming operations. Given the ongoing developments at West Copperline, Forehand Ranch and Jazzmaster properties, we remain optimistic about the company’s performance in the coming years and hence maintain a Speculative Buy rating.
Posted by Naga00 on Stockhouse, just in case he doesn't post it here. Rates it as SUPER STRONG BUY! #1 pick of the year!
With this just out and recent good news lets see if we don't get some upside volume starting today!
Sees production rising to 2000 boepd by end of Sept 2014 . Sees almost zero risk and huge upside potential- with seasoned management, money raise, institutional holdings, increasing production,huge drill site inventory, existing pipe and firm oil prices. Rates CAZA with their strongest buy rating.
July 25, 2014
CAZA OIL & GAS
HOLDINGS IN COMPANY
HOUSTON, TEXAS (Marketwire - July 25, 2014) - Caza Oil & Gas, Inc. (the "Company") (TSX: CAZ) (AIM: CAZA) today announces that it was informed on July 24, 2014, that Sector Investment Managers Ltd now holds an interest in 12,500,000 common shares, representing 5.3 per cent. of the issued share capital of the Company.
FOGL.L or FLKOF otc
now may be the time to buy a stock like Falklands Oil and Gas
been dormant for a long time selling below book and below cash
well funded and partnered with Noble and Premier on the first 5 wells
took a flyer for 30k and think what the hay?
definitely back of the drawer stock though...
news on their rig contract released recently I'll copy some of it below...
4 June 2014
Falkland Oil and Gas Limited
("FOGL" or "the Company")
Rig contract signed
FOGL, the oil and gas exploration company focused on its extensive licence areas offshore the Falkland Islands, is pleased to announce the signing of a rig contract.
· Rig contracted for a six well firm drilling programme commencing in early 2015
· FOGL will participate in five wells: two wells operated by Noble in the South and East Falkland Basin and three wells operated by Premier in the North Falkland Basin
· Up to eight option slots available for additional drilling
· FOGL is fully funded throughout its five well programme
On 3 June 2014 Premier Oil plc ("Premier") signed a contract for a dynamically positioned, harsh environment semi-submersible drilling rig. In addition, several other related contracts have also been entered into and these include a rig sharing agreement with FOGL's partner Noble Energy Falklands Limited ("Noble").
The rig will be mobilised to the Falkland Islands to commence the drilling programme in late Q1/early Q2 2015. This will comprise a minimum of six firm wells; four wells operated by Premier and two operated by Noble. A number of option slots have been secured which will facilitate additional drilling. These comprise eight options that can be exercised prior to the rig being mobilised and up to eight further options that can be elected during the drilling campaign.
The currently envisaged drilling schedule consists of two wells in the North Falkland Basin operated by Premier, followed by two wells in the South & East Falkland basin operated by Noble and then a further two Premier operated wells in the North Falkland Basin. The total firm programme is expected to have a duration of some 240 days, excluding mobilisation.
KWK has too high debt, their income not enough to cover it is my take...
What about KWK? Maybe they will benefit from the resurgence in the Permian Basin and revaluation of their assets there or maybe they are not going to make it? Just take a look and see what you guys think, I'll do the same... more NG oriented though...
Still have a ways to go before she'll be ready for a drive in the country! At least she's showing some signs of life. Maybe we'll get some positive well results this months? That should be good for a couple of wheels at least.