What's new

Buying shares?

PET - total dog of a company but interesting 'rampable' news today. £5m company with $4m cash claiming 1 billion barrel prospects in Irish Atlantic margin basins.

big.chart
 
It was £4 a share not long ago. Could go back to those levels again in short term now sentiment has turned?
 
Well it's very illiquid and has shown ability to go from 30p to 300p in the past in pretty short order.

I personally know guys in the City who paid 900p !

Given current market and assuming they keep the newsflow momentum up I'd expect 150p within weeks also if they can get above the 200 day MA
 
Looking like a volume breakout of 50 day so next intermediate target is 200 day at c.60p

Yes with GCM always worth letting the morning hysteria die down to see if Luxor/Leone are fully out or not.
 
It's three successive blue days with no communication from BoD as yet. The only catalyst for move seems to be the occasional piece in a BD newspaper.
 
GCM BoD are a reticent bunch. They should grasp the nettle and start communicating with the market rather than let Bungle politicians set the tone.
 
oh and ultimate dog PET

that has a right 'Irish mafia' feel to it

p.php
p.php
 
Last edited:
Think PET are in promotion mode. Will be at Mining Maven soon so expect some other of these Investor promotion sites to carry some copy. A bit of the Irish blarney and dreaming of leprecauns and Irish Oil could see that go on a decent run. I bought 1 share.
 
I'm just careful with my money. PET chart is looking great so I may 'accumulate' 1 share per day for the next week or so.
 
Markets looking good for the year end.

Should be QE from China (with new leadership), UK/Europe (covering up the cracks) and US (with Obama and Bernanke freed)

Trash with good charts and Management out promoting a half decent 'big number' story could do exceptionally well.

Institutions won't want to be out over such a seasonally strong period and Investors once they see trend is up will push more money at the risers.
 
Last edited:
Talking of trash.....

Remember I mentioned GGG (ASX listed), well we should find out whether Greenland Parliament lifts mining ban on Thursday. If, as epxected, it does, GGG should be on a for a re-rate. Lennigas, has a license next door with Rare Earth Minerals. It too could go on a run and Lennigas knows how to promote his companies.
 
What I really like about the PET, EOG stories is that they have a 'community/cohort of promotion' going on

PET and EOG should benefit from all the other Irish Atlantic Margin promoters promoting the billion barrel + opportuntiy incessantly (i.e. PVR, LOGP, SLE etc)

EOG should benefit from all the other Shale Gas promoters promoting the multi-TCF opportunity incessantly (i.e. Cuadrilla, IGAS, EDR etc )
 
Last edited:
re GGG and REM I am keeping my eye on the chart for any early warning signs (pg 34)

http://www.pakpassion.net/ppforum/showthread.php?t=107390&page=34

at the moment it is looking like a fake out to be honest (still below 50 day MA) but nothing genuine news and volume could not sort out

agree about Lenigas (arch promoter and has been behind likes of GCM, SOLO, LGO etc past and present so always worth watching)
 
PET gone nuts

Gulab jaman and Kulfi also on me !

Golden Cross. Exxon drilling 2013 so should be decent momo play.
 
Last edited:
Plain bluddy crazy. But what is crazier EOG and PET at 10-20m caps versus DES and ARG at 50-70m caps?
 
read the RNS briefly, seems like lot of work to be done before they get anywhere near to drilling.
 
No doubt about it many a slip betwixt cup and lip. But PET are now a 'player' in this Irish Basin stuff and the cheapest entry point for Majors/others looking to get involved. Sold half my PET so in for free for any follow on moves tomorrow.

Don't underestimate ability of these Irish blarney guys to work their magic. Irish government and punters will be looking for something to fix their economy and housing market and suspect this will be their chance of black gold. The whole country will get behind this. PET also have some interests in Iraq and Ghana which they can keep the pot boiling with.
 
Last edited:
GCM is off on a run too!

The trash is soaring and I am not in any of them! ..... Frustrating!
 
EOG I think has more potential than PET (certainly from here !)

EOG has Irish Oil plays + Conventional onshore UK oil production + Shale Gas

Near term everyone will be looking for the next PET.

EOG have been holding back their Billion barrel prospect. Only updated on Mullen so far. Kiernan looks bigger in terms of aereal extent anyway.

Europa-Oil-Gas-Seeking-Partner-to-De-Risk-Mullen-Prospect.jpg
 
Jaspa sold 75% of PET between 15-16p :-D

I'd be putting money into EOG personally.

Also guys get INFA on your radar (got some Irish oil interests and gas storage potential)

INFa currently about 7-8p. Used to be 400p at one point.
 
INFA chart looking like it is consolidating before next big up move. Maybe just needs a week or two to work off MACD overbought condition from a few weeks back.

big.chart
 
Just started researching INFA over the weekend. They seem to be pretty smart guys. Came out of EDR originally but they have fingers in some interesting pies which perfectly fit with where the Government wants to be in their upcoming Energy Review. A lot of Political and Economic reasons for it to go up regardless of what markets do.
 
EOG - potential for a volume breakout, Golden Cross blah blah blah

If the guys running EOG have any clue whatsover they'll be getting their PR guys to talk to Geoff Foster at the Daily Mail and get him to mention EOG when he mentions PET in his Market Report in tomorrows paper. In fact as a shareholder you should probably email them asking them to do exactly that ;-)

Or they will come out with some superfluous RNS tomorrow highlighting their own potential 1 bn barrel prospects.

p.php
 
Last edited:
EOG - presenting today at Irish Atlantic Conference on Mullen prospect

Still due to come out with preliminary data on sizing of Kiernan (any day / week now ? it was meant to be ready for this conference)

Oil wells due to drill in Q1 Wressle and Exxon will be drilling neigbouring Durquin

Government review on Energy and Shale Gas firing the gun on them monetising that... next few weeks ?
 
Buying half a share in CLON.

From same spivvy mafia as PET. Done no research but some big prospects. They need cash desperately so I EXPECT them to fully utilise current window to raise their profile and then raise money.
 
s28 said:
If the guys running EOG have any clue whatsover they'll be getting their PR guys to talk to Geoff Foster at the Daily Mail and get him to mention EOG when he mentions PET in his Market Report in tomorrows paper. In fact as a shareholder you should probably email them asking them to do exactly that ;-)
Click to expand...

Email sent to hugh.mackay@europaoil.com ;)
 
INFA and CLON generating some interest.

Seen a story on INFA elsewhere about it having some exposure to shale gas licences near or associated with Morecambe Bay gas field and mention of 6 TCF. That could be huge if that story has credence. Morecambe Bay is major gas provider for Britain but it's depleting. Lots of infrastructure needs to be used there so any gas nearby could have strategic premium.

EOG looking like a decent consolidation day at key level. Golden Cross and hopefully a bit of newsflow could see quick move to 20p ?
 
Last edited:
Ok so in all the euphoria I think people have lost sight of the fundamentals re PET and EOG.

They are both valued at about the same now. £18m.

EOG have cashflow c. £2m free cashflow p.a. ish (where Free is defined very loosely as pre-Exploration expenditure)

PET have $4m cash.

EOG have TWO potential 1 billion barrel prospects in Porcupine Basin.

PET have ONE potential 1 billion barrel prospect in Porcupine Basin.

EOG have loads of undefined shale gas potential subject to UK Govt encouragement/subsidy

PET have supposed Iraq/Ghana oil potential subject to Iraq/Ghana Govt encouragement

All told I'd say EOG is worth a multiple of PET and expect that to be realised over coming weeks.
 
EOG perhaps a bit of an ugly closing candle ? but still closed above YTD highs so I class it as a breakout.

Come on with the news/volume tomorrow Mr Mackay.
 
Hope Mackay doesnt waste an opportunity and puts something out soon. Otherwise I am in danger of getting spiked on yet another AIM share :)
 
Well he must have got at least two emails from his loyal long term shareholders today. ;-)

He might have been too busy fielding farm-in requests at the Conference though to answer his emails today.

But he has all of tonight to come up with something to say tomorrow :-D
 
Well tomorrow will be fun.

Expect lots of promotional Managers to come out with RNSes trying to talk up their own Company's bluesky potential.

Expect lots of punters to be looking for the next 'PET'.
 
Yeah usually you'd think a short at about 8:09 would be spot on for the mass hype.

But the usual tricks MM's could use to puncture a bubble won't work here. MMs would just call around Insti's to sell some stock but no big Insti holders in PET.

Also do not underestimate how much this Irish oil bubble is being ramped by a coalition of the share mafia/Companies/media/Government as Ireland is so desperate to get out of their economic mess.
 
Excited punters stampeded into highly speculative Petrel Resources after it announced a target off Ireland’s West Coast contained a billion barrels of potential oil.

The target in the South Porcupine Basin of the Irish Atlantic Margin is located on a licensing option 100 per cent-owned by Petrel.

News of the ‘find’ and talk of a possible ‘farm in’ by an oil major, possibly Exxon, helped the stock more-than-treble and close 21.12p higher at 27.12p.

Tony O’Reilly Junior’s Providence Resources improved 5p to 606p in sympathy. It has soared from 182p to £7-plus this year on prospects for its flagship Barryroe field off the coast of Ireland.


Read more: http://www.dailymail.co.uk/money/ma...Mineral-firms-Quantum-leap.html#ixzz2C3EAUBWT
 
it'll be the same when UK start promoting Shale Gas mind..

EOG fits perfectly for Irish Oil and UK Shale Gas :-p
 
GGG chart looks like it could roll over. Not looking very good. Even if they get a vote in favour it will I think be a pyrrhic victory. Uranium price is too low and I'm not sure Rare Earths prices will justify mining ? I don't know which Rare Earths they have but the pricing of them can be pretty divergent.
 
I wouldn't beat yourself too much mate. It's a bubble after all.

I see Hugh Mackay decided to sit on his hands. Great strategy. Well done.
 
Just great... PET up 10% and EOG down 6%!!

to top it all off... they suspended shorts on PET as I was loading up the order at 30!!
 
EOG - he may be too busy actually running the Company to bother with little things like ramping the **** off the stock. The amateur :-D

Oh well one gets to accumulate some more EOG whilst it's too cheap. Short term technicals again looking a bit overbought but we've got the Golden Cross so medium term looking good and we know more newsflow due in coming weeks. This Porcupine Basin is going to be a major play for next few months.
 
I was going to say what's the odds on a "PET Up ; EOG Down" open but a "PET Down ; EOG Up" Close

Small time retail punters would be chasing PET early doors.
Quality investors who've done their homework will be looking to steadily accumulate EOG.
 
The more I read up about EOG, the more it feels as if the company is run by quaint gentlemen playing at business between courses of their gourmet supper, than sly, cunning operators of illiquid stock.
 
EOG guys come from proper Company backgrounds so they are looking to do things the 'right way'. Unfortunately.

For blood or glory / sex and violence plays I think CLON as it is same guys as PET could be the next one. They have no cash so that might get them 'promoting'. I like INFA also but they seem to be run by 'proper' guys so not the CLON/PET types.

No doubt in a dash for trash you want the dirtiest 'take no prisoners' scum promoters running your 'shares'.
 
Last edited:
CLON

[oirish blarney on]
"Our focus in Block 188 is on the oil-prone leads and prospects, which offer an even higher price and easier market access. We are hunting for elephant-type structures and estimate recoverable resources at 500 million barrels plus. Few countries offer the compelling Peruvian mix of established hydrocarbon systems, large block size, growing local and export markets and attractive fiscal terms.

"We are in partnership discussions with several groups, some interested in Block 183, and others in Block 188. Some potential partners already operate in Peru, which has facilitated commercial discussions. Others would be new entrants into Peru and therefore need to familiarise themselves with the technical, legal, and operating environment. Most likely we will have one partner for Block 183 and another for Block 188. Block 183 has also generated immediate interest from power generation and gas distribution companies seeking development rights to downstream projects.

"We are also considering a proposal for a partner to take a minority position in our Peruvian operations, with an option to take a majority operating stake within a year. Our overriding aim is to maximise the long-term shareholder value of Clontarf Energy.

[oirish blarney off]
 
Carnage today with the trash stocks. GCM, EOG, PET all massively down. Is the dash for trash coming to an end?

XEL up nicely so maybe sanity is finally prevailing?
 
The clues to PET move were the fact it was hardly ever discussed

Unloved, Underowned and Undervalued

The chart was showing signs of just creeping above the 50 and 200 day MA

The Porcupine Basin thing wasn't a surprise they and others have talked about for a while it just happened to be the catalyst.

There are plenty of other stocks in the same sort of category just waiting for that perfect storm of technicals, fundamentals, newsflow, promotion, investor sentiment to all hit at the same time.

Judging by the technicals so many stocks are setting up now above key MA levels and we are going into traditionally seasonal strength for markets. You want to be accumulating in the good uns or have done your research so when news hits you can take advantage to the fullest extent.
 
You must log in or register to reply here.

Similar threads

Hitman
Vietnam tycoon Truong My Lan sentenced to death in $12.5bn fraud case
Replies
3
Views
350
gazza619
gazza619
FearlessRoar
Pakistan’s top talent is leaving the country in record numbers
Replies
2
Views
149
big_gamer007
big_gamer007
MenInG
Record-breaking summit of K2 dogged by allegations that Western climbers left Pakistani man to die
Replies
19
Views
961
Cricket Warrior
C
The Bald Eagle
"Revamp it, revisit it and play it the way white ball cricket should be played": Imad Wasim
Replies
41
Views
2K
shamaan
S
Asad T
[VIDEO] "Match-fixing is still happening" Jarrod Kimber and David Lloyd
Replies
34
Views
2K
sweep_shot
sweep_shot
Back
Top