slmchow
- 17 Feb 2004 12:50
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
paulmasterson1
- 02 Sep 2005 11:48
- 241 of 645
Bank of England Governor in Oil Cost Warning
----------------------------------------------
Mervyn King, Governor of the Bank of England warned yesterday in an
interview with the Belfast Telegraph that:
"Some of the increases (in the oil price) in the last couple of
weeks are almost certainly temporary but the big increase over the
last year will remain.
"Those increases are the result of strong global demand for oil,
particularly from China, and the price of oil futures shows that the
markets do not expect an early revision to the low oil prices we had
got used to a couple of years ago."
To examine the investment opportunities that we believe now exist
through investing in energy stocks, Investec Asset Management will
be hosting a Global Energy Funds Conference call featuring Tim
Guinness, Manager of Investec's US$1.15bn* Global Energy Funds on:
Wednesday 21st September at 2.30pm (UK time)
To find out more, or to register please visit:
http://www.ProcessRequest.com/apps/redir.asp?link=XcbgiddcCF,ZcbdjibghiEF&oid=UdbggBG&iclitemid=YcdgiaafbCF&tid=WiafbicCE
Kind regards,
David Aird
Managing Director
Investec Fund Managers Limited
paulmasterson1
- 02 Sep 2005 13:00
- 242 of 645
Hi All,
Nicely up 5.5% today, still going for more later methinks.
I E-Mailed Edison Research to ask them when the next note would be out, they replied as follows ....
-----------------------------------------------
note has been held up due to the nature of news flow on the company but as you say things are looking good with the support of a strong oil price - need to see how drilling goes in Tanzania.
kind regards,
Fraser Thorne
Managing Director
Edison Investment Research Limited
-----------------------------------------------
Cheers,
PM
paulmasterson1
- 02 Sep 2005 13:23
- 243 of 645
Only 280,000 sold so far, and 1,217,821 bought !
It's only going one way still, following the RNS yestaerday, and more MM buying(buy signals ?) this morning ....
Cheers,
PM
Diana
- 02 Sep 2005 14:26
- 244 of 645
Hi
Been on holiday with the children, I see AEX is doing well as expected. I forgot to leave a note for BLR. Its been doing well. There is still more upside to come.
paulmasterson1
- 02 Sep 2005 16:07
- 245 of 645
Diana Hi,
You reckon ????
Any particular reason ????
Cheers,
PM
dharrisp
- 02 Sep 2005 16:09
- 246 of 645
Ah, there's the reaosn for the spike this afternoon:
228k, 225k and 237k Delayed deals all at 16.75p
Thats the second raft of three trades in size today. Someone likes AEX.
gavdfc
- 02 Sep 2005 16:21
- 247 of 645
Quite right too! A very nice end to the week.
paulmasterson1
- 02 Sep 2005 18:58
- 248 of 645
With the close at 17.5p, we are almost at the one year breakout, that should occur next week. 27p is the 3 year breakout target.
Also the 50 M.A is shown heading towards the rising 200 M.A ready to hopefully form a 'Golden Cross', one of the most bullish signals ever, signifying a long bull run, AFTER the cross.
MM's are pushing up the price, and each time you see them buy, it is followed by a .25p rise. We also have others accumulating AEX, as shown by todays buys.
This all leads me to think 20p to 27p is on the cards within 2-3 weeks.
paulmasterson1
- 02 Sep 2005 20:00
- 249 of 645
Published September 02. 2005 1:15PM
North Korea Envoy, U.S. Lawmakers Meet
North Korea's chief envoy for talks aimed at ending its nuclear weapons ambitions met visiting U.S. lawmakers Friday as the communist country criticized joint military exercises between the U.S. and South Korea.
Kim Kye Gwan was present at a meeting between North Korean officials and the U.S. delegation led by Rep. James Leach, R-Iowa, the Korean Central News Agency reported in a short dispatch, without providing details of the talks.
Kim Yong Dae, vice president of the Presidium of the North's Supreme People's Assembly, was also at the meeting, according to KCNA.
Leach and Rep. Tom Lantos, D-Calif., met Foreign Minister Paek Nam Sun in Pyongyang on Thursday.
Also Friday, an unnamed spokesman for the Committee for the Peaceful Reunification of the Fatherland said the annual U.S.-South Korea military drills show "who is chiefly to blame for disturbing peace on the Korean Peninsula and escalating the tension and confrontation."
The Ulchi Focus Lens exercise, which is largely a computer-simulated war game, ended Friday after a 12-day run.
The six-party nuclear talks went into recess last month after failing to agree on a statement of principles meant to lead to an overall resolution of the nuclear standoff.
The talks - among the two Koreas, the United States, China, Japan and Russia - were supposed to resume this week, but the North said Monday it wants to resume the talks during the week of Sept. 12, citing the military exercises
paulmasterson1
- 02 Sep 2005 20:01
- 250 of 645
Russia approves date for resuming North Korean nuclear talks
13:49 | 02/ 09/ 2005
BEIJING, September 2 (RIA Novosti, Alexei Yefimov) - Russia approves of North Korea's proposal to resume six-party talks over the nuclear problem on the Korean Peninsula in mid-September, a Russian Embassy spokesman in China said Friday.
On August 29, a representative of the North Korean Foreign Ministry said that Pyongyang was ready to resume the talks, which involve North Korea, the United States, China, Russia, South Korea, and Japan, during the week beginning September 12. The Chinese Foreign Ministry has also agreed to this date.
The fourth round of talks, which started on July 26, was suspended on August 7.
paulmasterson1
- 02 Sep 2005 20:45
- 251 of 645
Close up of the 50 M.A about to cross the 200 M.A to form a 'Golden Cross'. This is a TWO MONTH chart, so as you can see, there is not long to go !!!!
The Golden Cross is a very rare signal under normal market conditions and is one of the most significant bullish signals to be generated by any trading system. It almost always precedes a significant bull run in the instrument. To form a golden cross, the 50 day moving average must cross from below the 200 day moving average to above the 200 day moving average, whilst the 200 day moving average must also be rising. It is particularly important that the 200 day moving average is rising, since this often provides support for the coming rise. It signifies that the instrument has truly bottomed out and is beginning a new and major bull run. Confirmation that the market has finally begun to turn bullish when Golden Crosses appear in the indices and in many of the underlying companies.
stringy
- 02 Sep 2005 21:27
- 252 of 645
Very tempted to top up!
Would break my rules on speculative sp which usually serve me well but even so..............very tempted!
squidd
- 03 Sep 2005 05:50
- 253 of 645
PM 1: Many thanks for the added info on Zarub, and the update on the political situation. Clearly, Zarub are valuable travelling companions to have aboard, particularly as they may be holding important seismic data. The news prompted me to scour my portfolio for any under-performers that might fund a top-up in AEX, and it obviously encouraged others to do likewise. Your predictions for the sp happened very quickly, and I sense there us more to come, maybe a lot more.
sd.
kaysmart
- 04 Sep 2005 12:28
- 254 of 645
Oil prices at 100 usd/barrel no longer unthinkable in wake of Katrina.
http://www.afxnews.com/about488/index.php?lg=en&c=00.00&story=1280037
robstuff
- 05 Sep 2005 14:20
- 255 of 645
Paul, where did you get the graphs from? Excellent analysis, keep it coming.
doitalldoctor
- 05 Sep 2005 17:03
- 256 of 645
Has any one got an idea what the MM's are playing at? I bet they will mark it up again tomorrow. My opinion is that they saw all the stop losses on their screen and marked SP down so that they can absorb all the sales. As soon as that is done they put the bid price up. The last purchase was @18p. So folks be careful about your stop losses, it might just cost you more to get back in.
paulmasterson1
- 05 Sep 2005 17:05
- 257 of 645
Rob Hi,
The first one is a screen print from the charting on advfn, then I cropped it and added the lines in Paint :)
The second one is straight from MAM charting :)
I think another flag will form with the profit taking, then the MM's will push it over 20p I reckon.
Cheers,
PM
robstuff
- 06 Sep 2005 10:21
- 258 of 645
Thanks for that Paul. I think we may see a levelling or slight retreat over the short term, but I'm holding on for the longterm. Meanwhile LGB is set to shoot this week. :) Patience Pays..
Bema
- 06 Sep 2005 16:00
- 259 of 645
Not to worry, i can't see any sensible investors moving out before September 12th.
robstuff
- 06 Sep 2005 17:32
- 260 of 645
As I thought, some profit taking, I see this settling back a little bit.