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

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

http://www.mb.com.ph/BSNS20080229118169.html
cyril