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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

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.

PEL82 has been the Holy Grail here for some time though Duc, so drill news in the near term would be nice.
Hope the ELW drill turns out more successful than ELV!!

not a good week, who is selling? td this weekend though, will they report?

looks like we have some oil on the first drill :)

I believe we could have a very nice increase in production when this drill program is complete, todays bounce will hopefully be sustained up to that announcement before the end of the month. All imo.

a big fat 300

bopd?

sell signal on british bulls?

news alert