From the latest company's drilling update....17 Feb

http://moneyam.uk-wire.com/cgi-bin/articles/200402170700084897V.html

Can anyone with mining knowledge explain these terms....

What does sidetracking mean? Approx how ong will that take?
Approx. how long will it take to correct a deviated section?
Is 'crude oil in shale samples' a good indication that there is oil?
Is 'Gas-bearing porous sands being logged' a good indication that there is gas?
Basically what does logging involve ?

Any views re AEX potential??

Regards
Stephen

Digital Look have got this as 15.39 million market capital, i don`t know where you got 8.5 million from Adam? Does anyone know the true market capital as lots of sites seem to vary.
DB66

DB,

Is that figure in Sterling? I got the 8.5m from ADVFN, but it looks as though that is a few days out.

As Paul states there is roughly 1m shares x 9.88 so 9.8m at the moment.

Hang on there folks, it looks like Diana has got the right connections. 10P to buy now. Hopefully we should see more to come by the end of the week.

Yes thats sterling and they have got 155 million in issue x 9.88p= 15.39 million.

Cheers DB, will be using their fundementals from now on!

Hi All,

Thanks for the correct MCap, I just looked at the ADVFN quick quote page, which is blatently wrong, but not too far out to make them overpriced !

Nice to see some blue on the SP, and a bit more interest. The discussion I started last week on www.fillyaboots.com has already recieved 1110 views :)

Research note from Edison Research, should be out next week sometime, and should generate a bit more interest.

Cheers,
PM

Hi All,

advfn say ....
Market Cap. 8.63 m
Shares In Issue 90.86 m

But, as pointed out in the offer document .... "Following admission the total number of Ordinary Shares in issue is expected to be 156,882,094"

So as we all know .... advfn is kak !

Cheers,
PM

Mrs Lords,
Good purchase last friday, or you would have paid more for it today. Keep watching it has started slowly but surely on its way up!
Diana

A few sellers coming in now, probably still choking on their lunch when they came back to find the BID at 10.25

Peanuts compared to the buys.

10.375 looks like an important level to break on the 1 year chart, so a finish on or above it would be ideal.

I am beginning to like pennyshares now - Any other tips???

Hi All,

Up 11.8% to 10.625 .... nice :)

Above Adam's 10.375, and looking good for some press/tipster coverage I would hope :)

Cheers,
PM

Mrs Lords,

Did you look at SEO and my website on them ?

Cheers,
PM

Hi All,

Interesting collection .... http://www.koreapetrexco.com/pub.html

Cheers,

PM

Luvvvly jubbbly Rodney :)

West Korea Bay, Exploration area, 18,600 sq. km
The basement made of thick carbonate rocks (5,000 m) of the Late Proterozoic and Early Paleozoic is overlain by the Mesozoic (6,000 -10,000 m) and Cenozoic (4,000 - 5,000 m) sediments. Source rocks are the Jurassic black shale (3,000 m or more), Cretace ous black shale (1,000 - 2,000 m), and pre-Mesozoic carbonates (several thousand meters) as well. Reservoir rocks are the esozoic-Cenozoic sandstone with high porosity and pre-Mesozoic fractured carbonate rocks.

Petroleum traps are anticline, fault-sealed, buried hills and stratigraphic types. Existing exploration data: 4,500 km of integrated geophysical surveys with grid of 2 x 4 km. Seven wells have been drilled, recovering oil and gas from several wells and hydrocarbon shows from all of the wells.
 
Korea East Sea, exploration area, 30,000 sq. km.
Pre-Mesozoic gneiss and carbonate rocks are overlain by the Mesozoic and Cenozoic sediments, 6,000 - 7,000 m in thickness. A source rock is the Tertiary thick marine shale (1,500 to 2,000 m) and underlying Mesozoic? rocks. Reservoir rocks are Tertiary sandstone of a good reservoir physical property and fractured carbonate rocks which constitute the basement. Trap structures - anticline, fault-sealed, buried hill, facies-sealed, stratigraphic types and reefs.

Existing exploration data - Integrated geophysical surveys with a grid of 10 x 20 km throughout the basin, with a grid of 2 x 2 km over some parts. Two wells drilled, oil and gas shows found from both wells.
 


http://www.kimsoft.com/korea/nk-oil2.htm
 


Aminex have already been given all this seismic data, and more !

Cheers,

PM

Hi All,

Moving up again :)

Cheers,
PM

Im in finally got some cash liquidated.....Im raging I didnt get in when I wanted to last week but think this is a one way bet at the moment.....

cheers PM for your research

Blackbelt Hi,

Welcome :)

Price is still going up, so I hope your into a profit real soon !

Cheers,
PM

paulmasterson1. well going well. and lots more to come relax.cfe will rise soon .

Tanker Hi,

Whats the story ?

Cheers,
PM

told you last week .cert.