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02-03-2012, 05:40 PM
#1081
Thanks Gaz...well done to all of us. Looks like a strong close as I type.
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02-03-2012, 06:14 PM
#1082
Originally Posted by gazprom1
Genius SM...well done!!
couldn't agree more!
-j
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02-03-2012, 07:01 PM
#1083
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02-03-2012, 11:21 PM
#1084
Member
This rise is on news of reserves upgrade to Galoc field and the fact the Mooring system upgrade has been completed.
When BHP billiton secure a rig for SC55 Drill I see even more upside
OEL is now a Spec buy on big gas and condensate in this field.
Between confirmation of securing the rig and drilling expect some volatility.
Exploration plays don't come better than this.
Last edited by Rabbi; 02-03-2012 at 11:26 PM.
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03-03-2012, 12:12 AM
#1085
Member
Well done Soulman. Great call.
This stock appears to have a lot going for it , not just a trade.
They have multiple targets in the Phillipines with production from Galoc and also the real bonus of BHP drilling a couple of wells for them this year hopefully.
They also now have an African future with the granting of the Tanzanian acreage.
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03-03-2012, 03:20 PM
#1086
i guess we have a couple of bits of news ahead, specifically Galoc reconnection and a rig for Cinco - the latter being particularly important.
but we have a real dark horse in SC69. i'd love to think that both Lampos targets have jumped off that 3D seismic. news of a successful farm in there would be gold. (likewise if BHP were to commit to the second well before drilling Cinco).
-j
Last edited by jdg; 03-03-2012 at 03:34 PM.
Reason: typo
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04-03-2012, 07:19 PM
#1087
Thanks fellows. Just part and parcel of seeing the market everyday. You can spot these accumulation and increasing volume where buyers overtake sellers consistently everyday.
Last time I check OEL does have around $38 mil in cash.
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04-03-2012, 08:34 PM
#1088
how about a little test of these predictive powers, soulman? where to from here do you think? i only do TA in the most basic way, but fundamentally i think consolidation around these levels, perhaps even a wee pullback, until we get news. what say you, mate?
-j
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05-03-2012, 07:35 AM
#1089
My prediction is if it can go 15.5 on Monday, then 17.5 could be MAX before a breather. 9 mil volume is significant to these accumulation.
But hey, I am no nostradamus. Also, I can only tell by watching and observe it daily.
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05-03-2012, 04:16 PM
#1090
Sellers coming in jdg. I am looking to offload a few at 13.5 for safe play.
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