CUE-> Pantheon of small oil stocks

[Crypto Crude]

Bad,
Geoff Albers spent 28 years on CUE to get it to the company it is today...
As the Founding Director, this is a big loss for us all... We lose him when CUE is on the brink of a new phase of growth that CUE has not seen before...
Cash and BOPD rich...

he got it all for us...
Maari was bought for less than $2 US per barrel...
and importantly, picked up some beautiful PNG assets (that werent easy to get)...

He left CUE at the top of the game, the best way to go out...
one would feel that this has only just got going...
Thank you Geoff Albers...

.^sc

[geezy]

cue pls weaken so i can add more :P

[trackers]

Well, CUE floundering around on rubbish volumes today... Thin sell side..

Sharer, the URL is the first url you see when you type "Hotcopper" into Google! hotcopper.com.au unsurprisingly

[trackers]

Ocean Patriot on the way... Spikey beach to spud within a week.

RELEASE

Spikey Beach -1 Update
T/38P – Bass Basin


Beach Petroleum Limited, the operator for a designated area of interest within permit T/38P, and
the Spikey Beach-1 well, reported today (03/09/2009) that:

“The Ocean Patriot semi-submersible drilling rig is expected to be released to Beach for the
drilling of the Spikey Beach-1 exploration well in T/38P, in the Bass Basin offshore Tasmania
later today. Beach is the operator for the well and will be earning 80% in the Spikey Beach
farmout blocks through the drilling of the well. Spikey Beach-1 will be targeting mean
recoverable oil of 16 million barrels and a high side of 41 million barrels (recoverable) of oil in
the Upper Eastern View Group. The well is expected to spud early next week, dependent upon
weather conditions.

The participants in Spikey Beach-1 well are:

Beach Petroleum Limited (operator) 80%
Galveston Mining (100% Cue Energy Resources Subsidiary) 10%
Exoil Ltd 10%

http://www.stocknessmonster.com/news...E=ASX&N=323352

Anyone have an idea of how long this is expected to take to drill?

[trackers]

Drilling report out. Hydrocarbons present in Manaia..

[shawsie]

fellow CUE holders

gotta be happy with todays close, but also the shape of trading today, does appear to have taken out some of the pesky seller pre 25.

HC reporting as upside breakout from established penant, so IMO technicals and fundamentals should have this as undervalue, wonder where this could go?

The lump at 25 has been there for some time, prob profit takers on 15c issue, primed to go for a trot noth of there.

did anyone else notice on the final directors announcement today that Octanex has increased holding from 30m (see August top 20 list) to 43m?

Mr Albers shareholder and director of that vehicle.

[da puntzda]

good spot Shawsie on the (ex) director holding - got to be a good sign

[geezy]

CUE's not falling so i can buy but instead its going up.. time to wave good bye to the early 20's cents?

this baby dont seem to be affected by the impending correction from the markets.

[shawsie]

geezy, yes would be good to see an end to range trading as Maari + cash kind of makes a run lower pretty much untenable.

64% of ordinary stock tied up in top 20 holders, which runs down to a paltry 2.6m shares, so liquidity will be an obstacle.

Impending correction? we are reading different tea leaves. get outta debt stricken and sectorally dodgy for sure (finance for appartments anyone), but we are not at POO 140, that cannot fall, and last time I looked, China was still producing (and polluting) up a storm.

[Huang Chung]

[quote=geezy;272512]CUE's not falling so i can buy but instead its going up.. quote]

I think Phaedrus would say that you buy when the share price is going up, not falling.....