This is huge get in before the heard arrives to work this morning, the new VOG

How low will this go?,what happened to the HUGE gas find,could this be the time to get in and hold for the longterm?,look at VOG,up from 12 to 30!!

http://www.asx.com.au/asxpdf/20080108/pdf/316txzzsrfln1r.pdf
http://www.pse.com.ph/html/NewsRoom/memos/2008/MEMO_2008-0016.pdf
cyril

http://www.manilatimes.net/national/2008/jan/05/yehey/business/20080105bus6.html
cyril

What is going on here then,up 40% ??????
Any comments regarding buying?.

No

Done a test buy, No stock.

thus probably explaining a rise unjustified by the volume

Also GAR No stock up 20%

I remember making a packet on these last year,but will hold off buying in now on no news and such a massive rise,thx driver,Cynic.

News is regarding Galoc a Oil Well which FEP have just over 2%. Its expected to flow either late March or early April at aroung 23,000bopd and is discribed by one of the CEO's as a well which dreams are made of?
cyril

CEO always say such thing when their shares are in the doldrums.

Galoc well 4
Info can be obtained via the http://asx.com.au
Under the epic of NDO
FEP hold 2.27% so if 23,000bopd is managed it would be 522bopd which for
such a small Company is quite something.
cyril

The header says it all, by the way what is 2% of 23000bod worth?

halifax this is not the gas play, but an oil field which FEP have a small stake
along with NDO.
cyril

I am aware of that but 2.28% 0f a ramped 23000 bopd doesnt amount to a 44% rise in the sp!

Halifax,youre last post,took the words out of my mouth,how can 2% of something equate to a 44% rise,having said that ,FEP has been trading at an all time low,could just be on its way up which for some still needs to climb another 50%.

Yes once bitten twice shy!

The SP had drifted quite badly due to their being a territory dispute,over the gas asset.The latest rise is imo entirely down to the great news from Galoc4 oil well which if you calculate what 500bopd is worth against the M/Cap then the ris can be justified?
Still more news from NDO this am, well surpasses their expectations, need to
go to the ASX for their company announcements.
cyril

http://www.pse.com.ph/html/NewsRoom/memos/2008/MEMO_2008-0127.pdf
cyril

Latest update,
http://www.pse.com.ph/html/NewsRoom/memos/2008/MEMO_2008-0130.pdf
cyril