PapalPower
- 21 Nov 2005 08:12
Aerotus
- 16 Feb 2006 10:57
- 105 of 2087
Definitely by tomorrow morning at the latest.
predateur
- 17 Feb 2006 06:48
- 106 of 2087
News from Eagle North 1 looks good.
A summary of the bulletin is,
Based on wire line log interpretation there is presence of oil.
Well to be cased and production tested over next 8 days.
Following production testing confirming extent of the Eagle oil pool in the vicinity of the Eagle North-1 well bore, well will be horizontally drilled for 300 metres, to be completed for oil production
In the event of a successful horizontal completion, flow rates of up to 1000 barrels per day anticipated.
Looks very encouraging. Towards end of month for production test and some time in March for horizontal drilling result.
We have 38.5% of Eagle exploration.
Fingers crossed.
Anyone have any German news.
Predateur
Aerotus
- 17 Feb 2006 09:54
- 107 of 2087
I have heard strong rumours that Glantal news is expected to be positive. I am holding for that.
amberjane
- 17 Feb 2006 10:55
- 108 of 2087
sold and bought back in (well couldnt help it!) but i was only in from 77p unlike some of you early birds :>)
Aerotus
- 17 Feb 2006 15:26
- 109 of 2087
Not really much of a party going on in here is there! :'( I feel alone!
Mr Mole
- 17 Feb 2006 15:40
- 110 of 2087
Don't feel alone Aerotus..I've been enjoying EME over the last week or so as well. It's odd, but some stocks don't seem to register much on certain BBs. It was much livelier on the iii boards for this one..don't know why really??
It's been a terrific week as I've got a bit of CHP, VOG, Merdian Petroleum and EME.
May have a glass of bubbly tonight to celebrate.
Technotamed
- 17 Feb 2006 15:49
- 111 of 2087
I have had a 2nd good week with EKY and VOG last week, EME and HAMP this week (HAMP slowly rising all week). Also in TAG - hope it will not be too long before some decent news.
Aerotus
- 17 Feb 2006 15:50
- 112 of 2087
I have a shedload of TAG as well. Accumulated all this week, hold 25K of TAG.
Got 20K of EME and 15K of VOG. Making an absolute fortune!!!!!!!!!!!!! :)
Mr Mole
- 17 Feb 2006 16:29
- 113 of 2087
They're all talking about the relative merits of BMW colours on the iii board...reminds me of a scene from Local Hero.
Looking forward to next week and possible Glantal news.
classyglassy
- 19 Feb 2006 18:56
- 114 of 2087
Got some EME (well a derivative) on Friday @141p, hmmm.maybe time to see a fall, knowing my luck
Good luck to all anyway.
Technotamed
- 19 Feb 2006 19:08
- 115 of 2087
Can't wait for Monday, the start to another exciting week for all.
PapalPower
- 20 Feb 2006 06:47
- 116 of 2087
20 February 2006
Announcements
Australian Stock Exchange Limited
Level 4, 20 Bridge Street
SYDNEY NSW 2000
PRODUCTION CASING RUN TO FLOW TEST WIRE LINE LOG INDICATED
POTENTIAL OIL PAY AT EAGLE NORTH-1 APPRAISAL WELL, EAGLE OIL POOL
PROJECT, SAN JOAQUIN BASIN, CALIFORNIA,USA
Victoria Petroleum NL as operator for the Eagle North-1 well drilling in the EagleOil Pool Development Project in the San Joaquin Basin advises that at 0900 hours
on 20 February 2006, Perth Western Standard Time, the current operation was waiting on cement to set and preparing to install the blow out preventor on the 7
inch casing after having run and cemented the casing to 4,217 metres over the weekend.
It is anticipated it will take the next 4 days to carry out all the operations neccesary to prepare the well for flow testing of the interpreted Gatchell sand oil
pay.
Further detailed analysis of the wire line logs indicate oil saturation in the target Gatchell sands over the 21 metre interval from 4,143 metres to 4,164 metres with
interpreted net oil pay of up to 13.4 metres.
The target Gatchell display wire line log character similar to that seen for the Gatchell sand zones that produced oil in 1986 in the Mary Bellocchi-1 well 366 metres to the south east.
Wireline log interpretation also indicates that the top of the Gatchell sand drilled in Eagle North-1 is at the same level as seen in Mary Bellocchi-1, thus providing
further support for the interpreted presence of a commercial Eagle oil Pool in a potential stratigraphic trap.
With the interpreted confirmation by wire line logs of the presence of oil in the target Gatchel Sandstone the well has been cased and will be production tested with the current Kenai Rig 6 on site.
Following the production testing confirming the extent of the Eagle Oil Pool in the immediate vicnity of the Eagle North-1 well bore, the well will be sidetracked and then horizontally drilled for a distance of 300 metres to be completed for oil production.
VICTORIA PETROLEUM N.L. A.B.N 50 008 942 827
Incorporated in Western Australia
In the event of a successful horizontal well completion, flow rates of up to 1000 barrels of oil per day are anticipated.
bhunt1910
- 20 Feb 2006 08:45
- 117 of 2087
Flying
predateur
- 20 Feb 2006 17:39
- 118 of 2087
There is something I do not figure with the fabulous rise of this share.
I have Victoria Petroleum NL ( an Australian company) who are the operators of the well drilling at Eagle North -1, with 20% stake as opposed to EME 38.5%.
Their shares are not moving and yet the reasons given for the rise in Empyrean shares is the progress of Eagle North-1.
Hope it is the German development about to give some good news too, or perhaps the Aussies are not on their shares wavelength.
Curiouser and curiouser said Alice.
Predateur
classyglassy
- 20 Feb 2006 19:16
- 119 of 2087
Good day , likes it , and fun too.
Took a profit @20% and backed in again last thing,
Oh and I took a flyer at MRP for a quick 5%,that pays the e`lece bill,
good luck all.
andysmith
- 20 Feb 2006 19:48
- 120 of 2087
Phenominal rise, took my profits too soon before the last weeks rise!!
Still IMO potential for huge swing either way in short-term, why?
Clerarly when confirmed Eagle Pool is good news but is it worth sp 160p without Glantal as well? Add on Glantal and this could overtake VOG sp but one word of caution, EME have already stated that they will need to raise more cash to take Glantal further. VOG raced to 150p on drilling reports and upgrades only to re-trace whilst funds were raised at 78p. What price would EME be able to raise funds at?
Just some thoughts to ponder whilst I work out my re-entry point.
Better knowkedge from people like papalpower may be more relevant.
classyglassy
- 20 Feb 2006 20:31
- 121 of 2087
took a look at a blank post no. a Mr Bhunt (squelched) who delights in taking the pizz out of me on SEO, erm its down and I am up on this one , one short one long,
one new car.
bhunt1910
- 20 Feb 2006 22:04
- 122 of 2087
classy - what the hell are you on about - you been drinking ?? What blank post no ??
I am mega long on EME and SEO and ChP and Tag etal - I dont do shorts. SEO and BPRG both down a tad - so what - they go up, they go down - I am happy
Fernandes
- 21 Feb 2006 09:36
- 123 of 2087
anyone know why we're falling this morning?
hlyeo98
- 21 Feb 2006 10:03
- 124 of 2087
It is just profit taking by some traders