Good morning doc. What was the issue with the last satellite? I wonder if the decline in price from the 28 level was a result of that in part. We had about a 15% correction for no seemingly good reason.
Done and done. But I am not sure who invaded and took over avi who posted a sentence about a rig accident at Mt. Kitty followed by a lengthy list of excellent possibilities for the area and now a paragraph that actually makes some sense for energy investors ;-)
Original people signed off on the Surprise site before it ever went to the Territory for approval. They must have thought the idea of jobs and training was worth it. Mt. Kitty is not going to endanger communities as only Uluru to the north (tourist trap although Ayers Rock is impressive) and a couple of other aboriginal communities are on the road towards the South Australia border. The well could not have been drilled if it did not have approval of the original peoples assuming it was on their land. We might as well go back to oxen pulled wagons if we rely on bobbellis and avi.morax for progress and the original people will be even worse off.
Bobbellis needs to travel to the Northern Territory before he gets too concerned about what fracking may or may not do there. It is not as if there s a giant fresh water lake below the surface from which farms and cities are getting their water. A fracking operation is not going to affect the supply of witchity grubs or kangaroos or wild game upon which some native people may or may not depend but jobs and educaton for a portion of that population may be the result. And, if bobbellis would read the intent of Santos in that area, a large gas deposit may well justify pipelines to Western Australian cities, towns and mining operations. All of this is well into the future in any case.
A long term ongoing investigation rehashing news that has been posted before even if in a new package does not make it a new issue.
You are right bobb, nothing has happened except a 50+ percent rise in the share price, sale of central Aussie properties, preparation to spud first well (yes, permission has been granted) in the UK and the start of a CO2 injection process at Poplar. Oh yes, and a continued litany of old news from the last appendages of "The One".
Any thoughts on what might come from the 28 April conference call and results report? I would not mind a couple of cents jump in the dividend and I would expect some improvement in quarterly earnings but, guidance as usual, will be the key.
So far my call looks good but even I have been known to be right one day a year. Opening day at Emerald Downs this Saturday. Have not heard for sure but my horse will probably go on the second weekend.
I will give you a thumbs up willyworld07. Bobb and Avi just reflexively post a thumbs down if the message is not from one of the appendages.
It will be interesting to read herbert's comments but it would seem, from reading, that they are certainly not pounding the table concerning value of their assets. Perhaps they cannot say more than this as there are a lot of "what ifs" into the next few months. It does seem as if the 600 dollars an acre (for the Weald sweet perceived sweet spot) is pretty low given the 2000 dollar plus that Total was willing to pay but then we have the 400 dollars per acre shown for the other buy in. Speculative buy.
Thanks networth. I suspect that, if we have the right expertise drilling for the Bakken zone, we may see some good results. Roosevelt County is clearly in the western portion of the Williston Basin but, while a large number of wells have been drilled in the county just to the south, not so many have been drilled in Roosevelt County in comparison. Perhaps it is our time. Might be a good time to add to our position on this 6% correction. Pending news over the next couple of weeks, I would still rate this a somewhat speculative buy but that could change to a strong buy very quickly.
Worry not Clam. There is clearly some uncertainty with many stocks at the current time from drillers and explorers of oil to tech stocks and overseas shares are mirroring the trend. Could be the awaited for correction is finally taking hold.
East, west, north or south of Magellan acreage? I guarantee that shareholders would love to see a well like that come in for Magellan.
I know, even a broken clock is .....Anyway, this has been a heck of a nice couple of weeks and has coincided with my wife going on vacation to Bali and China. She is an avid traveler and me, not so much so. I think I will encourage her to go again in a couple of months to see if her vacation equals a rise in Magellan hypothesis is provable.
Bob has been claiming it was overbought ever since 1.05. I suspect he is getting closer to being right (in the near term) and, barring any news that would force it much higher at this time, a retrenchment into the 1.40 area would not surprise or discourage me at all. Still, it is a much better buy now than it was a couple years ago.