Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Target met at PXOG from nov's shout.. http://www.screencast.com/t/xYuUJZXb# Nice 60-70% if you took a position and sold when sp gapped up! Lets see if it reaches next target of 1p+ this coming week. News expected for target drilling depth hopefully before friday then its testing news. Already proved romainia well to be sucessfull. Buyers returning and carrying on bullish trend. Could be a bit of action tomorrow on build up
ducatti, apologies im not getting back to you sooner, im a weekend charter ;) i tend not to have a lot of spare time through the week so i try and catch up with charts over the weekend. regarding PANR. if SP gets down to 52p in next couple of days then i can see a bounce from there, 100SMA is around that level also so could bring in a bit of support in that area. i know nothing of the company so just a quick view on it from the charts
ive been keeping an eye over URU and charted it back in aug; http://www.screencast.com/t/SiDbkRVeP i was expecting a breakout from current downtrend, i got the breakout right but no real breakout with volume to create a move up. instead its moved sideways past few months before next trend kicks in. http://www.screencast.com/t/VOGyw0cqsiWB it also hit the rising trend line support and i'm expecting a bounce from here. even if its to the top of the sideways range resistance around 1.60p thats still a nice target from current levels. didnt quite get my 0.8p buy target but i think id be happy with around 1p buy before it starts to move up and bounce.
PXOG showing signs of a move north in the short term. http://www.screencast.com/t/xYuUJZXb# chart wise looks within a 3 monthly up trend creating higher lows and higher highs. bullish divergence which kick started the low of the trend in aug, then moved up north. currently around the rising trend line and struggling to pass the 0.55p horizontal resistance. if this breaks then see a move up to upper trend resistance around 0.8p on a fundamental view PXOG are awaiting on two drill results, one romania and italy, Romania update (31/10/17) states; "Prospex has been informed by the operator, Raffles Energy S.R.L. that the Weatherford 865 rig has not yet been released from drilling operations in the neighbouring block to the west. Once these operations are complete the rig will move and commence operations at Bainet-1. It is anticipated that the rig could be onsite in a couple of weeks, but exact timings remain dependent on the rig being released from its current operations." rig should be moving and start drilling in a 'proven hydrocarbon basin' soon with a 50% interest. once rig is confirmed onsite and starting drilling then could bring an uplift to current SP. the other play is a 17% interest in a farm-in agreement with Po Valley Operations Pty Ltd, the same update from 31st oct states; "Podere Gallina Permit: a proven play in a prolific hydrocarbon region · Located onshore northern Italy in the Po Valley where over 5,000 wells have been drilled historically · Holds the Selva Gas-Field (previously operated by ENI) ('Selva'), which produced 83 Bcf from Lower Pliocene gas sands before being shut-in in 1984, at which point it was still producing at >0.9Bcf per year · Modelling work highlights the potential to recover undrained gas structurally updip from historic Selva wells Significant near term development project at Selva · The Podere Maiar-1d appraisal/redevelopment well ("Maiar-1d" or "the Well') is to be drilled into Selva in Q4 2017 to a total of 1,350 metres measured depth, targeting contingent resources (2C) of 17 Bcf. Excellent quality reservoir with 70+ m of sand and porosities over 27% · €3.4 million gross cost of Maiar-1d includes completion of drilling and testing - the Company's share of the cost of this well is the Consideration. · Limited additional capex required to put the Well on production in the event of success due to nearby infrastructure and minimal gas processing requirements - high methane (99%) / low liquids content of Selva gas · The Operator, PVE, is highly experienced in developing similar sized gas projects in the Po Valley · PVE will mobilise the Archimede HH Rig to site in the first weeks of November with a planned spud date of 14 November 2017 for an anticipated 30-day drilling programme. with 2 short term drill results then it could become a bit interesting at pxog, fully funded for both drill and should receive news in next couple of weeks (once drilling for both sites have been confirmed) target price of 0.7-0.8p short term. on a caution side of things, not for the faint hearted, in jan it released 'duster' news on a previous drill and SP crashed from 2.5p-0.83p knowing risks involved there is a trade there before everyone catches on to it ;)
Todays update is worth reading http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PXOG&ArticleCode=qbke6u5c&ArticleHeadline=Acquisition_Placing__Romanian_Investment_Update
Huge news due anytime and def worth looking into cam, Drmaccers posts on the bb and posted a link to his blog on it. A quick sum of things to get you in the loop http://drmaccers.blogspot.co.uk/2017/10/active-energy-aeg.html?m=1 I posted a chart and description on NFL's upward trend page end of sept highlighting possible move towards 4p http://www.screencast.com/t/itjTb1TcYpw
AGL could be worth a look into camkite, if you want to dip into the bio sector. Did have 32p and 27p as support areas and recently hit the 32p. Been falling since £1 but positive rns keep coming but sp declines. Delay in FDA approval and a near poossible fund raising could be the reason. But at this level could offer some value. Im holding for 27p for a reentry after recently trading it for a 50% return to the recent 70p area.
AEG targetting double current SP by year end on the weekly chart of AEG its showing signs of a possible bounce and breakout. http://www.screencast.com/t/itjTb1TcYpw since 2013 SP had created a rising support trend line but broke through this mid 2016, now turning into a resistance trend line. you can see the bounces off this trend line from the blue circles. since the peaks of 2015 it looks to be within a downwards trend channel (red channel) bouncing off the lows and highs of the channel, with most recent bounce at the bottom of the trend channel so i believe a move upwards will be on the cards. there is horizontal resistance on the charts around 3.20p so needs to punch through this then there is a major resistance area around 4p where the top of the downward trend channel meets the rising previous support trend line. target of 4p AEG is expecting game changing news which could land anytime which means it could easily reach that 4p target well before dec if news comes out. keep an eye on it.