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View Full Version : SUR ..... Sun Resources ..... junior oiler .....



yogi-in-oz
23-08-2004, 09:42 PM
:) :) :) :) :)

Hi folks,

SUR has not done much since being "mugged-by-Muggles",
but in their latest announcement, they are now headed for
Libya ..... another old oil province, that has been
"rediscovered" in recent months ..... :)

Just a few notes about the Libyan oilpatch:

Even through the period, when America bombed Tripoli and Benghazi
in 1986, American oil and service companies were operating alongside
their Canadian counterparts throughout the Libyan desert.

One ASX-listed company in Libya, since the mid-1970s was our
local driller OD&E, who had 2 rigs (#7 & #9) operating there,
until Canadian drilling company, Ensign (?) bought out ODE 's
worldwide operations, some 18 months ago (?) ... those 2 rigs
are still operating there after 30 years ... in fact, OD&E had no
choice it was either work for Gadaffi or abandon the rigs.

So, while the official attitude may have changed towards Libya,
work at ground level will grind on at the same pace, as it does
in all muslim oil-producing countries ..... very slowly ..... :)

SUR seems to have made a smart move in getting involved
with a coalition for their entry into Libya, as their partners'
experience and influence may make the red-tape that comes
with working in Libya, a little easier to handle.

Could be some interesting times ahead, but don't expect
too much too soon, as it could easily end up, just like CUE
in Indonesia .....

In summary, US and Canadian companies will have a decided
advantage, on any new ground that may be opened up in
Libya.

So any Aussie company will have to either tag along, by way
of farm-in or have very deep pockets to absorb the high
costs of any drilling campaign in the Libyan desert.

How is it that abundant oil is only found in these god-forsaken
raghead countries ..... ? lol

Indonesia, Iraq, Malaysia, Saudi, Libya, Mauritania, Iran and
on and on it goes .....

..... good luck to those holding SUR. :)

happy trading all

yogi

:) :) :) :) :)

clearasmud
05-04-2005, 05:49 PM
Picked up a few of these last friday at 19c
traded as high as 28c today!
worth a look imo

yogi-in-oz
13-07-2005, 01:26 AM
:)

Hi folks,

SUR gapped-up on news today, with good supporting
volume ..... looking OK ..... :)

May need to gap-up again, over resistance
expected at about 25 cents.

happy trading

yogi

:)

pago
27-02-2006, 07:23 PM
hi aa, can you post the sur drilling programe,cheers pago

Mick100
27-02-2006, 08:39 PM
quote:Originally posted by absolut-advance


Success at Eagle could be worth between 55-75c per share to SUR




AA


That's the best laugh I'v had for a while :D

Thanks AA
,

kura
28-02-2006, 04:15 PM
AA the Strachan report you posted earlier valued success at approx 30 cents, so if you massage the quantities/assumptions then 50 cents is also achievable.

Personally I like SUR, in respect of Eagle (low risk) and have bought a few recently. Unlike FAR, SUR has not been bumped up by Eagle speculation, and yet SUR has greater leverage to success than FAR. Yep, I sure like these stocks that arnt the flavour of the month. (unloved)

We should know flow rates of eagle by end of week.

Mick100
01-03-2006, 06:13 PM
I'v had a look at SUR and decided to
switch horses today - off VPE and onto SUR

If you read between the lines from the
FAR released an update yesterday, it is obvious that they are very confident of success at Eagle
ie, they had concidered drilling the horozontal well before even testing the verticle hole
The only reason that they are flow testing the verticle hole is to gather more data on thr feild.

Have also increased my exposure to Flour Bluff by getting into SUR

disc. hold FAR and SUR

Now - back to the laughing gas ;)
,

Oracle
01-03-2006, 07:20 PM
I am also more heavily weighted in SUR.

Flour Bluff supposedly underpins the price.

Hopefully the Eagle will soar.

And Malta has reached a greater stage than FAR's Senegal hasn't it?
Positive sites & the best of Partners!!

yogi-in-oz
02-03-2006, 02:08 AM
:)

Hi folks,

SUR ... looking for some significant company
news, around:

27032006 ..... 2 cycles here ... possibly,
finance-related and NOT all positive ???

happy days

yogi

:)

whirl
04-03-2006, 09:09 PM
Does anyone know what ccs means?
In the context of:

"On opening the well bore to commence unloading of fuilds some 400ccs of crude oil that had percolated up from the target zone was collected from the well." (this is from last announcement)

I've searched and found nothing that I can understand... Can anyone enlighten me?

TIA
whirl

whirl
04-03-2006, 09:32 PM
hiya AA

Thats not much then is it. It almost sounds like its heaps the way the announcement is worded.

I think I should've gone and had a few 400cc's at the pub this evening instead of looking at the share sites.

thanks
whirl

kura
05-03-2006, 09:49 AM
Whirl, it sure aint much, however it needs to be read in context, (ie they wernt expecting to see any at that stage of operations, due to overbalanced/pressured nature of drilling fluids)

On the subject of Malta, nothing is happening at all (siesmic delayed at govts request, pending border dispute resolution with Libya) look how long it took Aust & East Timor to sort out their differences, unfortunately this could take many years to resolve. (Pity)

Disc: Hold both FAR & SUR,

Mick100
17-04-2006, 07:26 PM
quote:Originally posted by absolut-advance

Still holding MICK100 ?


Hadn't seen that ann. AA - thanks for posting it . I had almost given up on eagle - they have obviously had problems
I'm still holding
I think the flour Bluff project alone is worth more than 13c a share.

Lets hope they can manage to get a good flow rate out of this horozontal - I'v been counting on this one to deliver the goods
Noticed FAR was up a cent on thurs last week.

Hold SUR, FAR
,

pago
17-04-2006, 07:42 PM
hi guys IF IF eagle produces the goods sur has a greater %upside then far but far has the better mid/long term potential because of its projects.either way IF EAGLE produces both sur and far should fly,but may take a while,cheers pago.

leonchai
07-05-2006, 08:57 PM
MA30 has been breached on increased volume...is this worth a punt?? I need to recoup my losses on NEO! :)

Mick100
07-05-2006, 09:52 PM
quote:Originally posted by leonchai

MA30 has been breached on increased volume...is this worth a punt?? I need to recoup my losses on NEO! :)


I think there will be news (good or bad) early this week on eagle - FAR went into a trading halt last thursday. I suggest you buy at market open tomorrow if you want to get some.
,

clearasmud
22-05-2006, 05:57 PM
Good luck for tommorrow!
i have small position also

Mick100
23-05-2006, 07:10 PM
We need more than "encouraging results" AA
Good flow rates (1000 bbls/day) are what's needed to move the shareprices of the partners in eagle.

This hole must be costing a fortune
The lesson I'v learned is that
there's no such thing as a "sure thing" in this game.
.

leonchai
17-07-2006, 03:41 PM
Hold or sell??

A run of disappointing news from Eagle-1 drilling so far...Looking foward to the latest eagle-1 news..

Mick100
17-07-2006, 04:24 PM
I think it's wrong to describe "no news" as dissapointing news. There's no activity at eagle at the moment - they can't get the neccessary gear for the job. I'm not writing off eagle at this stage - i'll wait until the job is finished.
.

clearasmud
20-07-2006, 07:40 PM
Radio broadcast 17/7/06

http://www.sharescene.com/index.php?act=radio&ASX=SUR

Mick100
20-07-2006, 09:25 PM
quote:Originally posted by clearasmud

Radio broadcast 17/7/06

http://www.sharescene.com/index.php?act=radio&ASX=SUR


I can't get onto sharescene

Could you post another link clearasmud
.

clearasmud
20-07-2006, 10:46 PM
quote:Originally posted by Mick100


quote:Originally posted by clearasmud

Radio broadcast 17/7/06

http://www.sharescene.com/index.php?act=radio&ASX=SUR


I can't get onto sharescene

Could you post another link clearasmud
.


Try this Mick:

http://www.brr.com.au

Regards,

Mick100
20-07-2006, 11:28 PM
cheers clearasmud

yogi-in-oz
20-05-2007, 03:44 AM
:)

Hi folks,

SUR ... expecting a lunar aspect on Tuesday 22052007, to bring
us some news, triggering two other positive time cycles, too ... :)

happy days

paul

:)

=====

yogi-in-oz
22-12-2007, 11:27 PM
:)

Hi folks,

SUR ... here's some astroanalysis, over the next few months:

02012008 ..... minor and negative

10012008 ..... minor and negative

15-16012008 ..... significant and positive aspect

22012008 ..... major and negative news here ???

04-05022008 ..... more negative news ???

08-11022008 ..... minor and negative ... finances???

04032008 ..... major and negative - finaces???

06-10032008 ..... 2 cycles - negative news ???

1703-02042008 ..... 4 time cycles come together here,
with more negative news expected, around 28-31032008.

First signs of recovery for SUR should come, in April 2008:

08-09042008 ..... positive spotlight on SUR ... :)

11-14042008 ..... positive news expected

18-22042008 ..... 2 positive cycles ... finances???

24-28042008 ..... negative news expected.

09-12052008 ..... negative spotlight on SUR

happy days

paul

:)

Corporate
09-01-2011, 12:41 PM
Another one from the bottom. I picked up quite a few of these on Friday..

Could be the next CVN.

Three onshore drills coming up targeting 45mmboe net to SUR. They are free carried on the first well by Peak Oil, and retain a 42.5%.

CVN know the area well, and (nearly) every drill bit down hits oil.

Market Cap only $39m

Worth checking out. Flying below the radar a bit.

gazprom1
09-01-2011, 02:17 PM
[QUOTE=Corporate;332362]Another one from the bottom. I picked up quite a few of these on Friday..

Could be the next CVN.

Three onshore drills coming up targeting 45mmboe net to SUR. They are free carried on the first well by Peak Oil, and retain a 42.5%.

CVN know the area well, and (nearly) every drill bit down hits oil.


Hey Corporate,

CVN is experiencing problems with a few of its discoveries due to water breaking through early and they have to shut in production. Latest ann on friday was very disappointing and CVN was punished 10%. Discoveries always seem promising and then the water problems start to arise. However, L20/50 could be great for SUR....

GAz
GAz

Corporate
11-01-2011, 10:08 PM
Thanks Gaz. Your post made me re-think my investment and I've sold (at a small loss unfortunately). This was against my strategy and I'm happy to be out.

Cheers
C

drillfix
09-03-2011, 03:11 PM
Anybody holding any of this stock still?

I grabbed a small parcel today @ 5.3c for what hopefully turn out to be a successful bounce trade, but it appears there are some relentless sellers that always continue to put pressure on the sell side continuously.

Candles on the hourly are starting to flatten out the 13EMA could well be crossed soon to enable a turnaround and a new MACD signal line cross over along with histogram about to potentially turn positive and the 13ema breakthrough would certainly enable the reversal to begin.

The daily MACD looks like it got hit by a Mack Truck and SURley must turn one of these days.

I am not much of an oil guy as many of you know, but the previous BESBs did run, and then came the drawback which we can see now, but my question to any oil people out there is, they are going to do the same again with more drilling, and with oil over 100US why the falls and no more interest in BESBs again, can anybody advise to why???

Gaz, you know stacks about these type of plays, whats up, and are you into my TA prediction for a bounce trade?

yogi-in-oz
09-03-2011, 11:58 PM
:)

Hi folks,

SUR ... here's some astroanalysis, for the next couple of months:-

21-22032011 (equinox) ... 2 time cycles, expected to bring some positive news

08-11042011 ... spotlight on SUR to bring positive market sentiment

12-13042011 ... 2 minor cycles due to come into play

18-21042011 ... major positive cycle, may be triggered by a lunar aspect, on 21042011.

06-09052011 ... 2 time cycles, expected to bring positive (financial ???) news

10052011 ... major and negative time cycle expected here

have a great day

paul

:)

=====

ELYOB
12-05-2012, 12:57 PM
This stock may well interest punters as a reborn oil play in USA ,with a farmout in progress very soon . Word is this play is well connected so watch it ! Brokers showing high interest one targeting 10c approx . [4.5c yesterday]

drillfix
12-05-2012, 10:20 PM
ELYOB,

This stock has come off and on the boil every so often.
Was part of the ride last year or so with a run up to 8c, whilst they had Thailand drilling etc.

Dont know what will happen, as traders have been all over this and left an order in at 2.2c quite a while back but "missed it by that much" (get smart 86..lol)

Dont really know if I would listen to brokers though as they are predators who will say anything to make a dollar to sell into their story/promotion/agenda.

Anyway, time will tell but always a time to be cautious and not too complacent, yet in and out can also reward depending on momentum.

Good luck with this one~!