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i agree, march, april will be massive. when the rig starts moving anytime now from houston in preparation for the first of 2-3 drills in newfoundland in which eneg have a 50% free carry this will motor
yep...just monitoring trades...seller around. do we know who and what placing price?
yep..both bid and ask rising so defo had impact
if 9.25 is passed, its straight to 10
about this level for me.. 8.5
switched positive now.. 2v1
oh yes...I recall u mentioned it before..im monitoring trades for activity. 8.39 now being paid...8,45 earlier... what ur lots average?
a couple of months, similar time to R
sfu...8.45 paid on HL...how long u been here?
Yeah I am in
Hi mate, hope all is well. Yes been in here a few months for a few k. Slightly down but feel this is one that could see the 20's in short order
it is rising any u guys in?
extension
u in?
Out
http://oilbarrel.com/news/enegi-oil-progresses-its-new-strategy-of-devloping-marginal-oilfields gla..
See enegi s fb page news of a conference at the end of the month. Looking like its gaining momentum this one.
Yes they were the sources that I drew my conclusion from. They are also looking to raise further funds presently, so it looks like getting through the regulatory hoops is all that is left to do. But I will be happy with a couple of drills this year hopefully three with 1116 now in the mix. The news Monday will be interesting. Any news on real progress will indicate The Wood Group want a deal and that will be a major signal they want the buoy technology to move to development and that will mean big investment by them and with the fynn and helvick along with eneg s other licenses and the targeting of further NF assets value could start being added here from next week as news flow finally stats to arrive which has been what we have been waiting for for a long time.
Traverse $10m can be found here:- http://www.blspexp.com/media/PRTraverseFinancialtoinvestinBSE-July12-2013.pdf Assuming it has completed and with the $14.5 (which I think is unconditional) from the link I posted on ii earlier (SB) should give a 24.5 warchest to be going on with; surely enough to cover initial plans.
Do you have a link for the $20m figure?
Cheers, keep up the good work
Good price to be in at, anywhere near 8p is a bargain for this stock. Chart looks good for breakout in short term, lots of potentailly massive newsflow, placing out of the way
at 7.9
Some serious money coming in which leads me to believe the WG discussions are going well. The 90 day option closes on fri or Mon so there should be an RNS coming
Just been revisiting the ABTOG stuff and it really is an exciting prospect. The numbers are simply mind boggling. What I find assuring is that the buoy technology is not based on any new science, it's simply using existing technology. That makes it a very credible proposition for an oil major like WG who have the cash to develop the solution. Even 90% of 20m barrels at an average of $100 per barrel is absolutely huge given a capex of $100m. For Eneg which has a 50% stake in ABTOG this would mean the equivalent of one million barrels of oil. Since WG have been helping ABTOG develop the technology from 2011 onwards, they already know a lot about its feasibility and the fact that they entered into the 90 day option to expand their role suggests to me they are keen on striking a deal. Let's not also forget that the solutions can be applied to stranded fields worldwide, not just the north sea. If it can be shown to work in the north sea the potential is just massive.