Member Info for wordog

Hi Dibs, long time no see! I would have thought that a commercial well would be price sensitive info?

Nope, it's the opposite. Only 1 trade today, looks like smoke and mirrors to me.

Cheers Klinkenberg, every day is a school day. TBH the past RNS' allude to porosity and resistivity, avoiding in depth geological data. What else can cause low resistivity other than water?

Today but SP down? I'm not in here but they must do something soon!

clay holds more water than sand so makes sense. The main issue in the Ordos Basin is water and the key to success is isolating it properly and choosing the best zones to frack test. The whole thing is a jigsaw puzzle and as each piece is added the picture becomes clearer. If this well is a success then the company will have some significant data to start proving reserves in the ZJS 5/7 area, it would be interesting to see if the location of ZJS 8 stays the same as it's my opinion that this well is being drilled next to Sinogas' PSC as we now have their offset data.

The 100000k buys are predominately mid afternoon.

308 & 906 share buys, weird.

I'm going to wait a couple more weeks.

Good post, cheers.

I think it's just that 4p is where people see good value and hence the support. Although there have been a lot of 100000k trades in the last few days.

Was a delayed trade, shortage of free float shares again.

Indeed, time for some substance.

4.8 now

This is about to explode, spread increasing too. News must be coming or someone saw 4p as a great top up opportunity!

China CAMAC Energy and its Chinese Partner, PetroChina, have completed the planned work program for 2011 to delineate the gas resources in the Zijinshan contract area. Both of the ZJS-3 and ZJS-4 wells encountered gas accumulations. Data from the wells is being analyzed, and further evaluation on the area is required to determine if the discovered gas can be economically developed. As a result, the Company expensed approximately $2.1 million in exploratory costs in the third quarter related to the ZJS-3 and ZJS-4 wells. CAMAC Energy and PetroChina also agreed to revise the work program to delay the drilling of the previously planned ZJS-5 well to 2012. Data obtained from ZJS-3 and ZJS-4 will be used to refine the well location for ZJS-5. In addition, CAMAC Energy has retained a financial advisor to assist in the identification and evaluation of opportunities to monetize its Zijinshan gas asset. The proceeds of any such transaction, if consummated, are expected to be invested in the Company’s existing or planned core Africa opportunities. The Company anticipates this could be a lengthy process and will make market updates as necessary.

http://www.eia.gov/todayinenergy/detail.cfm?id=17591

They need to spud zjs8 in early September in order to drill and test by the end of October.

Good spot, that is just odd. Anyone know why?

Volume has dropped right off but this is ridiculous.

Results due on well 7 testing any day now so I suggest you jump in soon!