Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
hey stay for a year.....lol
15/10/12 12:57pm Buy 34859 2.84 990.00
10% of 3 billion barrels GKP was similar find so about 40-50p what do you think
obviuosly they don't read there own news just ticked up! 15/10 13:31 AT 33 50,000 3% opps now 6%
15/10/12 12:33pm Buy 90000 2.75 2475.00 15/10/12 12:33pm Buy 36506 2.71 987.49 15/10/12 12:33pm Buy 8805 2.71 238.18 15/10/12 12:33pm Buy 40295 2.71 1089.98 15/10/12 12:33pm Buy 200000 2.72 5440.00 15/10/12 12:32pm Buy 100000 2.72 2720.00 15/10/12 12:32pm Buy 500000 2.72 13600.00 15/10/12 12:32pm Buy 73800 2.71 1999.98
15/10/12 12:24pm Buy 120000 2.71 3257.40
South African oil and gas company SacOil looks set to see its share price rocket with the discovery of Africa’s largest onshore oil deposit. Total F&P RDC, the operator of Block III, Albertine Graben in the Democratic Republic of Congo has successfully conducted an airborne gravity and magnetic survey on the northern part of the Block III area located outside the Virunga National Park. Total has announced several acquisitions in the Lake Albertine region over the past two years amounting to investments of more than $1.5 billion. A senior spokesman from Total Exploration and Production has previously commented that the size of the discoveries indicates a large scale development may be possible. Plateau production could exceed 300,000 barrels per day, depending on the results of the future drilling programme. Independent SacOil holds a 12.5 per cent interest in Block III and a senior analyst has already commented that SacOil shares are completely undervalued. “At this point its share price has the potential of doubling many times as it moves up the value curve.” Confirmed reports have indicated that Block III could be considered as the largest oil discovery in the Albertine Graben area. Over the past few years, several big players in the oil industry have drilled exploration/appraisal wells in the immediate surrounding areas and made 39 discoveries. Conservative estimates are in excess of a whopping three billion barrels for Block III.
http://www.africanbusinessreview.co.za/business_leaders/whopping-oil-discovery-made-in-congo lets all do the CONGA!!! lalalalalala!
pip yes monday is 6 weeks date....but hasn't been on the actual due date in last 9 months but hey you never know..!
PIP i hope that 75 million wasn't for this (old deal 2010) still bubbling in 2011 and this seemed to be dated 28th may 2012 Candax Energy, which is engaged in the exploration and production of oil and gas and power generation in Tunisia, has announced that the Chaal Permit has been annulled. The Chaal Permit covered an area of 1,200sqkm, situated onshore central Tunisia approximately 50km west of the city of Sfax. Candax had a 60% working interest in it. Having requested a one-year extension with the intention of testing the commerciality of the Chaal-1 gas discovery, Candax and its partners are in the process of considering their options in relation to this decision
they are a lot closer to the game over there and they are still pushing! volume high 4 million traded must be getting closer to answering the cautionary..
pushing ahead on JSE http://www.sharenet.co.za/v3/quickshare.php?scode=SCL
it hasn't really just the spread tightened a bit seems you can buy just under @ 4.20 but the sell is 4.11
http://multimedia.avusa.co.za/view_video.php?viewkey=0b83c04b5ffb104bdbcd
Welcome aboard...but you won't be waiting 2 years anyday soon we will get what we,ve been waiting on and the cautionary statement will get an answer... i hope!
playing with this spread allways moving around trying to get action..
No movement in the right direction?...all good sized buys though something brewing again!
04:12pm Buy 300000 4.50 13500.00
Taimour Lay in Bunia, Congo DRC, said "The confidential documents we have published make clear that the British government and oil companies have been lobbying for terms which leave Congo significantly worse off than another contract already on the table. This shows a wanton prioritisation of profit and British control of African resources over all else." Taimour Lay added, "Tullow's statements demonstrate strength in corporate responsibility rhetoric. Yet their practice here on Lake Albert tells a different story - one of arrogance, environmental damage, collusion in secrecy and indifference to human rights abuses."
type in google "a lake of oil congo drc" but you did all know that didn't you...lol