www.presidentpc.com

Producing Oil/nat gas from the ELV field/USA....45% of Oil/Gas produced hedged at $100/bbl and $10.90 per mcf)




Drilling ELV.....Suspended until gain consent for sidetrack...casing and wellhead left in for future re entry

3D Seismics have been shot on PEL82 Otway Basin Australia....results are excellant!
PEL 82 Potential resource increased from 150mbbls Oil tooooooo 430mbbls Oil!



Also trading on Plusmarkets
http://www.plusmarketsgroup.com/data.shtml?ISIN=GB00B3DDP128/GBX/PLUS-exn

90p pre news and drill is a fair price LR2, if pel 82 hits the black stuff naturally it will go into +s

I didn't mean to imply that 90p wasn't a fair price before striking oil. I just wondered how Evolution came to such a figure. If anyone has that information I'd be grateful if you could post it.

Nice movement upwards this morning...hope it can be sustained.

money for old rope at this price

Certainly is Oilwell.

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Sneaking on up.

loading up before people cotton on whats about to happen

:)

Thing is, when is it going to happen!

Soon. Evolution didn't put out a broker's note for no reason. Their clients have now had a week to buy in. A few days more and we might get news. Before end of month perhaps?

they possible have bought something already, ELV deal was done months before it was announced and the wording of the rns suggests they are working on something.
i expect this to be in the 70s next week the fact they hid the late deal all day suggests this will be walked up next week

...

Look into my eyes look into my eyes the first 1 is done

looking good to test the higher trend line

now to break the trend and push for mid 80s

worth 40 mill plus

should be a good week

Drill news on PEL82 would be nice for keeping the up trend going.

not this qtr chav!

Maybe not this Half Duc!!

no rush, if the oil/gas is there it won`t be going anywhere, am sure there will be lots of other action to keep us interested.