Xtract Energy - looking for oil in shale. Feasible and cost effective? Anyone in these at present?

OK st.
Merely a concern having known about MEO for some considerable time and being in COIL/XTR for much longer that it has taken 't now to get some action. Their, XTR/COIL, corporate behaviour has been questionable in the past. Perhaps with the focus now on their major play in MEO now they will clean up, and smarten up, their act?

I certainly hope so. Agree that COIL was a disappointment - had a small investment in them a couple of years back which didn't do much. So my current holding is a bit of a punt, largely based on the MEO scenario. Lomg-term I like the idea of the oil-shale, so who knows, it may do us proud.

I'm with you soul traders. Interesting short-term prospects re MEO and longer-term potential with oil-shale. I'm new to the company as you'll see when I started this thread last week so am unaware of past management behaviour but it's been an exciting, if very short, introduction so far!

Q1, would you mind posting a price chart to the header? Then we'll all be able to see how exciting it's been. :o)

MEO's SP off 3% today on profit-taking. hardly surprising after yesterday.

Never done that before soul traders. How would I go about doing it?

PS - sorry for ignorance and daft question!

Errrm, use the "charts" button on the top of the moneyam webpage (it can be helpful if you open a new window to do this). Enter the ticker symbol and details of the chart you want to design. When you've finished, click the link "Paste chart to bulletin board" which is at the bottom of the chart.

you'll get a new webpage on which will be a URL. this will be about two or three lines of text o the screen. Copy and paste this, including the little arrows that bracket it at either end, into the box on this thread along with any text you may wish to type in.

"Post Message" and you should see your chart in all its glory.

In order to edit the header, you'll need to click on the little pencil-and-paper icon next to the thread's title.

good luck!

Crikey - did it! Thanks soul traders :-)

542,500 spent on over 7 million shares at 1.30pm this afternoon. A huge buy so where's the SP up-tick?

It was a broker to broker transaction

Well done, Queen1 - very nice :o)

Meaning what halifax?

Thanks soul traders!

Easy answer is dont know but as we know Cambrian Mining has a majority shareholding in XTR perhaps they are increasing their stake, not sure why they are not obliged to make an offer for XTR as they control over 50% of the shares. Where is XTR domiciled?

Thanks halifax.

Ever since I put the chart in the sp has fallen. Perhaps I should take it out!

The price has fallen because the last placing ammounts to a dilution, also the joint venture with Petrofac reduces the potential profits for XTR. The price will drift a bit and only rise on news or if the market feels that its gone too low. Hard to say how low it may go, but at the moment I can only see a downward trend. IMO. DYOR.

We have had no update on ex-COIL's or XTR's assetts for months now, so PI's can only base their investment decisions on one tangible stake MEO. With directors of MEO taking the opportunity to take some profit on their shares, I am surprised in one way that the MEO share price has not fallen that much, however considering what they have, very valuable landing rights and a high impact drill near term, I cannot see it falling very far. DYOR

Rodders

Cheers both. Watch & wait then.

What with MEO's PX going up up up and away we are surely going to follow suit!!!! The rig is now in place in Darwin......let the drilling commence and let the pounds roll in!!!!!!!!! Fill your boots!!!!