Account Options

  1. Sign in
The old Google Groups will be going away soon, but your browser is incompatible with the new version.
Go to Google Groups Home
   
Discussions for Desire Petroleum plc View all discussions
My starred discussions
My profile

Message from discussion Shooting the moon 101
The group you are posting to is a Usenet group. Messages posted to this group will make your email address visible to anyone on the Internet.
Your reply message has not been sent.
Your post was successful
 
From:
To:
Cc:
Followup To:
Add Cc | Add Followup-to | Edit Subject
Subject:
Validation:
For verification purposes please type the characters you see in the picture below or the numbers you hear by clicking the accessibility icon. Listen and type the numbers you hear
 
chrissie  
View profile  
 More options Jan 12 2010, 6:44 am
From: chrissie <iamca...@gmail.com>
Date: Tue, 12 Jan 2010 03:44:33 -0800 (PST)
Local: Tues, Jan 12 2010 6:44 am
Subject: Re: Shooting the moon 101
Print | View thread | Report this message | Find messages by this author
Hey guys.  It's inevitable that some people accuse me of so-called
pumping, but i didn't know how else to share this 'news' (if that's
what it actually is).  Just found a thread on iii, revolving around a
released statement (there's quite a lot of discussion over it's
authenticity, but if it's factually correct, then i'm planning on
getting properly excited).  See what you think (but don't shoot me
down for trying to pump this / FOGL / RKH, i'm just playing
messenger!)  - it's the last paragraph which has caused the stir...

Desire Petroleum (DES, BUY, 111p), Rockhopper Exploration (RKH, HOLD,
78p) - Investor/Analyst presentation

Desire and Rockhopper gave a joint investor/analyst presentation
yesterday. Both presentations reiterated the details presented in the
previously published Competent Persons Reports (CPRs) although the
companies confirmed they will cooperate during the drilling programme
by sharing data to maximise the chance of success in the current
programme.
Drilling plans remain fluid, with the results of the first wells
expected to heavily influence the forward drilling programme (e.g. if
Liz is successful Desire's next well is likely to target a follow on
prospect in the same play). The first two wells are expected to be on
Liz and Sea Lion. This will be followed by a well on Toroa on Falkland
Oil and Gas's* (FOGL) acreage with a rig agreement currently being
finalised between Desire and BHP
Following the recent placings and Desire's open offer both companies
are well financed going into the drilling programme and will have
flexibility to drill additional wells potentially using some of the
contingent well slots on the Ocean Guardian, although this may change
if the initial wells are successful and extensive testing programmes
are completed.
Desire confirmed that the rig is making good progress down to the
Falklands and is expected to begin drilling in February which we
expect to act as a positive catalyst for both stocks.
In terms of upside valuation for the initial wells, a commercial
success at Liz based on pre-drill resource estimates of 280mmb would
be worth unrisked 635p/sh to Desire and 86p/sh to Rockhopper. Sea Lion
based on a pre-drill of 170mmb would be worth 608p/sh to Rockhopper
while Toroa based on pre-drill estimates of 1400mmb would be worth
c3400p/sh to FOGL*

On Jan 5, 1:21 am, Stu <stuart...@gmail.com> wrote:

> Nice to see the 100p reached, and with the OO still unpublished.

> I'm guessing there is plenty of surplus PI money from the
> oversubscription that will be ploughed into the market on the 12th and
> 13th so I'm expecting a big upswing then. So close to drilling such sp
> movements should draw some attention.

> This is 'the' most positive looking equity in the UK wrt the next 3-6
> months, upside is vast.

> If 3.5bn barrels of oil is proven this summer and DES sells out at $6 /
> bbl that's $19.5bn or £12bn which is a gain of... 3,000%

> Of course I would be happy with 150mbbl and a 100% gain.

> On Dec 8 2009, 11:09 am, Stu <stuart...@gmail.com> wrote:

> > I bought in last week at 0.84477. Might divest towards FOGL during
> > drilling ops.

> > I think this stock has masses of potential with a vast short term
> > upside.

> > I will be buying CFD's on the dips I am so confident between now and
> > rig arrival in Feb 2010.

> > I might convert more to CFD's prior to drilling the first well as the
> > whole operation is #$£% or bust anyway. Might as well leverage the
> > upside.

> > Hopefully the whole project will fit nicely with the world up and we
> > get Argentina in the final, having announced a massive discovery the
> > night before. Not that I like to flirt with controversy or anything.- Hide quoted text -

> - Show quoted text -


 
You must Sign in before you can post messages.
To post a message you must first join this group.
Please update your nickname on the subscription settings page before posting.
You do not have the permission required to post.

Google Home - Terms of Service - Privacy Policy

©2013 Google