Member Info for Augustus_

Recover promptly aunty Could be a busy day tomorrow

I would assume it unwise to secure further acquisition before seeing the wst results, but that's just a guess.

Just a glitch I guess, my ISA says 12-13 and so does advfn. Only seems to have gone up here after trading closed.

I take consolation in the fact that despite all trades being sells we have not dropped back to recent levels. We aren't far above, but we are above.

Practically every technical indicator is screaming buy. Combine that with the anticipation of news and this could shoot up quicker and further than I would have believed on Sunday evening.

Probably somebody that has taken a big paper loss and unwilling to wait for results; they have freedom up some golden tickets for new investors to buy, sp has still kept above recent levels so I think it's a healthy consolidation. Admittedly, I wish I had sold higher up to buy back but I don't do that kind of trade, I just buy and hold as a rule.

Indeed King, Brimsley has been oh so quiet over the last 2 days.... Enjoy ;)

46p is a fair bit higher than I expected to see here, what timescale do you put on that, ukchips? Is that what you see as a potential if all projects come in?

64 million is a good starting point. Unless they're Zimbabwean ;)

Are you willing to share a target sp, aunty? Out of pure nosiness...

Could be the big boys taking position, some handsome buys are coming in today.

Opulentia, I believe we must be very close to some kind of news. I would wager a half of stout and a packet of crisps it is the fracking permit but it could be China or Indonesia just as easily.

No doubt an astute investment, Troajan. I would like to throw some more in but I have no cash free to do so right now.

Do you know when Alvares is scheduled to drill?

Continued... The Tulainyo joint venture includes operator California Resources Production Corporation (“CRPC”), a subsidiary of a NYSE-listed company that is one of California’s largest oil and gas production companies and Cirque Resources LP, a private company based in Denver, Colorado. ASX ANNOUNCEMENT 8 January 2018 For personal use only

We have no direct interest in this drill but it gives more of a view to the basin in general... 1 | Page    Tulainyo Gas Zones Evaluation Update  Post well evaluation indicates multiple potential gas pay zones.  Pancontinental interprets up to 56 metres (183 feet) of potential gas pay in sandstones.  Planning for a critical flow test program is advanced. Commenting on the project milestone, Pancontinental CEO John Begg said: “We made an initial release of the well results when total depth had been reached and the zones of interest cased off and preserved for testing. Since then, evaluation of the well data, in particular the wireline logs, has progressed. We are now more confident that the entire section of interest is gas saturated and sandstone reservoirs of sufficient quality to support commercial scale flows of natural gas are present. We still need to prove this via flow testing and will have more to say about the test program once finalised. From the outset we have viewed this as a potential play opening well. If we are successful with the test program, we have a real shot at proving up at Tulainyo what Pancontinental believes has potential to be the largest new, conventional gas project in California in many years”. Pancontinental Oil & Gas NL (ASX: PCL) (“Pancontinental” or “Company”) is pleased to provide the following operations update for the Tulainyo 2-7 gas appraisal well in the Sacramento Gas Basin, California. After drilling as planned to a total measured depth of 5,710 feet (1740.4 m) the Ensign Rig 587 was demobilised from site, the well cased and suspended and preparations are underway to return to site with a gas production testing unit. Detailed analysis of the well data has been conducted for the primary section of interest within the Early Cretaceous Lodogo Formation. The analysis indicates multiple stacked sandstone units, varying as expected in thickness and quality, that are all gas saturated. The well encountered gross sandstone reservoir thicknesses of up to 118 metres (386 feet) with estimated, net gas pay of 56 metres (183 feet). Higher quality reservoir units exhibit porosities ranging from 15%-20%. The Tulainyo project is located on the wests flank of the Sacramento Gas Basin approximately 120 km northeast of Sacramento. It is held under leases covering some 40,000 net acres (152 km²) positioned just 8 km from a major gas transport trunkline that supplies gas from Canada into the enormous California domestic gas market. California consumes on average some 7 Bcf of gas per day (2.6 TCF gas per year) and up to 11 Bcf of gas per day during peak periods. Gas prices attract a premium to the USA benchmark, Henry Hub pricing. The Tulainyo joint venture includes operator California Resources Production Corporation (“CRPC”), a subsidiary of a NYSE-

Eyeguy, buffy, scarface, splatted, winship, tomtastic; I agree, let the p&d brigade complain but lth have been catered to here imho.

SGC up 9.3%, XST up 7.7%.

Yoshie, you can find that in the last rns

I think the fact it's backed by gold gives it a lot more credibility.