.

Amazing how during the course of one session TA has managed to increase his holdings by 15%, whilst the SP closed 19% down. Not only is he my research God, he is now my trading God! (Although what he doesn't say is how much he lost whilst doing it).

EOG have constantly over-estimated production from their UK oil assets, 29 Sep 2011 being a case in point. Nine months of their financial year gone now and they still haven't met expectations. Still another six months to go before the annuals so plenty of time to recover.

Nice tick up by the MMs towards the close, they've had to absorb a lot of sells today, so expect further rises in the short term so they can balance the books, plenty of TA type mugs out there who think that was the bottom.

Just had a skim through two EOG threads over in the zoo - points to note.

TA has used three aliases - markjaggs, golddigger & currently Eye2Eye

TA has managed to get himself banned from a moderated thread for been abusive and full of shit - quite an achievement on ADVFN

Grannyboy thinks I'm someone called luckyjonah

95% of posters seem to think he's a complete dickhead (no surprise there then).

15 minutes of my life I will never get back, but at least I sepnt the time laughing!!

lol.,.

Is 300 bopd a good thing? Or even 500 bodp? Wasn't BP loosing around 60,000 bopd into the Gulf of Mexico?

market clearly doesn't know a goddam thing! ..... how else do you explain that sp is down another 5.5% today (25.5/26.0)? ..... sounds as though TA has chucked another slab down the drain

==========

market idiots! ...... must a concerted MM conspiracy as sp now down 7.8% (25.0/25.25) so "they" can buy the stock on the cheap

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

cynic looks like the writing is on the wall and it doesn't make nice reading.

as you and i know, warnings rarely come singly ..... i'm afraid some "friends" will be badly burnt and may have got themselves suckered in by the abusive TA (whose big losses will be awfully sad!)

Something has been niggling me about the last RNS, apart from the profit warning and significantly reduced production. Although a SP fall was entirely predictable if production came in lower than expectations, the 30% drop seems a little excessive even by rats deserting a sinking ship standard. I wonder if Barchiz is playing a bigger part than most realise?

18 Oct 2010 EOG announced Barchiz had spudded with a TD of 1400m.

10 Nov 2010 EOG announced the Barchiz had been cased to a depth of 664m and that no further announcements would be made until reaching a final TD of approx 1400m.

25 Nov 2010 EOG announced Barchiz had reached a final TD of 1450m and MND (the operator) was recommending two DSTs (Drill Stem Tests). EOG also stated wireline logs calculate potential oil pay of up to 20m net thickness.

8 Dec 2010 EOG announced the upper DST on the Barchiz-1 well had recovered crude oil. Due to a failure of the DST packer to seal, the sample was contaminated with completion brine and the Operator is planning to re-run the DST with replacement equipment over the coming days to obtain better fluid and pressure data.

14 Dec 2010 EOG announced that it was not possible to conduct a prolonged DST due to mountain weather conditions and lack of suitable equipment in-country. The well would be suspended and either a full flow test conducted on the Spring or side-tracked.

The last update (profit warning n all) states that Barchiz failed to reach the main exploration target and EOG would side-track as a sole-risk operation.

Hmmm.

At no point have EOG previously declared Barchiz did not reach the primary target, only that the DST had failed. EOG have stated the well reached TD of 1450m.

It would appear Barchiz thus far is a duster, the clue was in the 14 Dec update.

well well, well no well really.,.

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

TA, my post 512 was not intended to be a comment but a genuine question. How do you compare EOG's 300/500 bopd production with, say, one of AFR's wells that has a production rate of 16000 bopd and share prices of 24p and 167p respectively? If you see what I mean?!

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

"A jet pump will take pressure from 300 psi to 'circa' 1200 psi which is 4x."

Correct

"Theory based on the above says they can multiply WF-9 total production by 'circa' 4x, which would give:

Zone 2: 80bopd x4 = 320 bopd"

Wrong

Suugest you research jet performance curves, increasing the pressure 4 fold does not increase output 4 fold, der.

"Crosby Warren in the presentation states 50 bopd with fracing potential for 15x this, which is 750 bopd"

Lol - Wrong

What EOG actually said was:

'Consequently, a repeat frac stimulation presents an opportunity to significantly increase field production. The original frac was highly successful and led to a 15 fold increase in production rate.'

EOG does not claim a repeat frac will increase production by 15 fold.

TA, MCap merely tells you what a company is worth on paper. A worthless way of measuring potential/profitabilty! What I want to know is what the EOG share price should be in comparison with the amount of oil pulled out of the ground. At present it would seem that, compared to AFR's sp EOG should be priced at around max 0.00758p per share in the true sense of things.

I know that is a very inaccurate way to work out what the sp should be because it does not take into account any costs or price of oil etc but at present I cannot make any sense out of the sp, other than possible potential is propping it up. Of course that can also be said of any exploration company.

Gazillions profits

Oh dear - wrong again.

For this financial year Aug 2010 - Jul 2011, EOG have stated production of 151 bopd for the first six months which is equivalent to 27459bopd * 38.86 = 1066707.

It doesn't appear 2011 is going to be much better and although they haven't stated a figure for Jan - Mar it's reasonable to assume from the operational update, a similar 150bopd. So add on 533353, which equals a net revenue thus far of 1.6m.

Even if they manage to ramp up production to 500 bopd (which they won't) for the last three months of the financial year, total revenues will be in the region of 3.35m.

No improvement on last year and how much will they have spent on the Firsby activity?

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.