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
- 06 Sep 2005 17:43
- 261 of 645
Hi All,
Looks like my flag is forming :)
Another couple of days, and those MM buys will be starting again, ready to attack 20p :)
Cheers,
PM
Bema
- 07 Sep 2005 08:35
- 262 of 645
Doubled up this morning. Pleased with the spread, unhappy i had to wait so long for the funds!
doitalldoctor
- 07 Sep 2005 11:10
- 263 of 645
CNOOC Chief Economist Predicts $90 Oil by March.
RI article on the views of Xia Yishan, Senior Research Fellow at the China Institute of International Studies.
SHANGHAI (Interfax-China) -- Oil will peak at $90 per barrel by March of next year, CNOOC Dep. Chief Economist Zhang Weiping said at conference discussing China's energy needs in Beijing on Monday. Zhang also expected global oil production to peak at 94-100 mb/day during the next five years.
"High oil prices will have adverse affects on China's economy," said Zhang.
Their imports could reach or even exceed $60 billion this year, up from $40 billion in 2004. Interestingly his views do not reflect much of a cutback in Chinese oil imprts.
China's annual crude demand is expected to rise by 9.7% this year, suggesting that the country will need to import 135 million tonnes this year, accounting for 42.45% of total demand and exceeding last year's figure of 40.5%, said a recent report by the Development Research Center under the State Council.
The country's net oil imports stood at 120 million tonnes in 2004.
paulmasterson1
- 07 Sep 2005 11:39
- 264 of 645
Doc Hi,
Thanks for that, I too have found several analysts who claim oil will be $100 a barrel next year, and after peak output is reached, production will drop, demand will exceed supply, and prices will go up again.
Make as much money out of the situation as you can, or it will cost you money :)
Cheers,
PM
krypton
- 07 Sep 2005 15:08
- 265 of 645
A weird thing ..................
I placed an order to buy this morning (for an odd number of shares so that I could check it on the trades screen).
According to my broker I managed to get the order at 16.25p at around 10.35am
The trade has not appeared on the screen yet, if it did, it would make a healthy increase onto the buy column.
This afternoon I see sellers being accommodated at 16.35p yet the screen quote is 16.00p bid.
This is all a bit misleading.
K******
gavdfc
- 07 Sep 2005 15:18
- 266 of 645
Krypton,
Was it through TD Waterhouse? If so, I think they put some trades through on Virt-X. Perhaps it went through there.
http://www.virt-x.com/
doitalldoctor
- 07 Sep 2005 16:46
- 267 of 645
I think the MMs are playing a game with this stock. If you look closely at the bid & offer price you will see that, although the bid price is 16p they are accommodating these at 16.35p where sellers have set a limit price. By not showing all the purchases on the screen they are managing to distort the market. This only means one thing that they are really short of stock. Once they have accumulated enough stock it should move up the next resistance level, which is 18p. This I expect to happen soon with the talks taking place between North Korea and US on the nuclear issue on 12th September. Once the resistance level is broken, the next level is 60p. I am holding tight infect I have been topping up every time it drops.
paulmasterson1
- 07 Sep 2005 18:51
- 268 of 645
Doc Hi,
The price won't go from 18p to 60p directly, as it has to breach previous highs, as I posted a few days ago ....
Cheers,
PM
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.
supermono13
- 09 Sep 2005 09:49
- 269 of 645
Hello folks
I believe the North Korean talks begin again next Monday.
There should be some action in the SP too depending on how things are progressing.
Let's hope for some positive news !!!
Mono
robstuff
- 09 Sep 2005 10:05
- 270 of 645
I think that may be a litle optimistic. The main activity for this co. is a long way ahead, I do not expect much more upside for a while, just going to sit and be patient and forget it for a few mths.
krypton
- 09 Sep 2005 11:26
- 271 of 645
Any thawing of relations between North Korea and the West will have an immediate, although small in the great scheme of things, effect on the share price. I can see the share price settling in the 25p-35p range quite easily on any progress next week.
In the long term there is the potential of huge gains but one step at a time for now.
K******
paulmasterson1
- 09 Sep 2005 12:36
- 272 of 645
Zarubezhneft have sold some stock, but they aren't saying how much ....
Aminex PLC
09 September 2005
AMINEX PLC
Notifiable Interest
Aminex PLC ('the Company') announces that it has today been notified that OAO
Zarubezhneft is the beneficial owner of less than 5% of the Ordinary Shares of
nominal value 0.06 each in the Company.
----------------------------------------------
Aminex PLC
01 September 2005
AMINEX PLC
Notifiable Interest
Aminex PLC ('the Company') announces that, following the Company's recent
Placing and Open Offer, it was notified yesterday that OAO Zarubezhneft has an
unchanged, beneficial holding in the Company of 8,697,113 Ordinary Shares of
0.06 each. This represents 5.54% of the Company's share capital.
doitalldoctor
- 09 Sep 2005 13:00
- 273 of 645
I have topped up again today and bought 74,196 @16p. Regardless of what happens in the talks between the Koreans and the US in short term. In the long term Korens will have to sort out the nuclear issue and open up to the world in order to tap into their natural resources. AEX will then reap the benefit.
kaysmart
- 11 Sep 2005 23:48
- 274 of 645
An interesting article about future oil price. Oil may average $93 in 2007.
http://www.bloomberg.com/apps/news?pid=10000082&sid=aWJgsbCFqveY&refer=canada
paulmasterson1
- 12 Sep 2005 13:20
- 275 of 645
U.S. says ready to settle N.Korea nuclear issue
Mon Sep 12, 2005 6:33 AM ET
SEOUL (Reuters) - The United States is ready to seek a negotiated settlement at multilateral talks on dismantling North Korea's nuclear weapons programs, the top U.S. negotiator to the discussions said on Monday.
The talks went into a recess on August 7 after the six countries involved failed to reach agreement even on a statement of principles during 13 days of discussions in Beijing.
That fourth round of negotiations between the United States, the two Koreas, Japan, Russia and host China will resume on Wednesday after a five-week recess for the delegates to consult with their capitals.
"We've used the one month very productively in Washington, we're ready to sit down and negotiate and try to finish this thing," said Christopher Hill, assistant secretary of state for Asia and Pacific affairs.
"But the question is what the DPRK has done in that one month," added Hill, who was speaking ahead of a meeting with South Korean Unification Minister Chung Dong-young. The North's official name is the Democratic People's Republic of Korea.
Separately, Hill is also due to meet his South Korean counterpart to the talks, Deputy Foreign Minister Song Min-soon.
There have been signs of some policy divisions, particularly after Chung said North Korea has a right to a peaceful nuclear program -- a key sticking point in the six-party talks.
U.S. officials have expressed concern about the North having any sort of nuclear program, saying the country could use a civilian program to develop weapons.
Hill, who will head to Bejing on Tuesday for the talks, said last week that North Korea, which is battling energy shortages, should seriously consider a sweetener from South Korea to supply it with electricity about equal to its own output after it dismantles its nuclear weapons programs.
Chung will head to the North Korean capital, Pyongyang, on Tuesday for ministerial-level talks on issues such as confidence-building measures between the North and South Korean armies. The two Koreas are technically still at war because the 1950-1953 Korean War ended in a truce and not a peace treaty.
moneyplus
- 12 Sep 2005 13:58
- 276 of 645
just bought into these--hope the talks are successful!! and you can put these into an ISA whoever asked!
TANKER
- 12 Sep 2005 21:10
- 277 of 645
aex ready for next move up.
seawallwalker
- 12 Sep 2005 22:09
- 278 of 645
Oh good.
paulmasterson1
- 12 Sep 2005 22:25
- 279 of 645
Tanker Hi,
Look out for the MM buying to start again, there weren't any MM buys today, maybe there will be tomorrow, but I will take that as the signal to top up :)
Alternatively set a buy order at 17p/18p, just in case news, Edison note, or DPRK Nuclear Agreement arrive suddenly over the next few weeks :)
Cheers,
PM
paulmasterson1
- 13 Sep 2005 00:06
- 280 of 645
Garypat2 Hi,
I have an E-Mail waiting for you, but I can't reply to MAM-Mail, and you don't have MAM-Mail set up, I need your E-Mail address to reply :(
Send me your address in a MAM-Mail !
Cheers,
PM