800k sells today..not a good sign ...
Re: some serious rubbish talked on lse about the concept that there will be news this week is laughable..Tuesday next week at the earliest
Re: Having a look . I see he did comment @ 13.30 pm yesterday , that's good for Malcy.Hes not sure what to make of it .. contacting a Tom Kelly !Wonder if he will share the info before acting himself .. !!
some serious rubbish talked on lse about timescales..They need to pull up 300 odd mtrs of pipe before testing the next zone, that will take two days. they need to perforate the next zone and then test thats another two to three days. no news until next wednesday at the earliest
Re: Having a look . Disappointing interim on the basal level. That awful word... 'plug'. Still, all still to play for on the other zones, though Seagull2 may get his/her 15p before then.GLA
Re: Having a look . MMMM, not sure what to do now, I am up for now, but to hold or sell then buy back once more news has been delivered....
Re: Having a look . I have noticed before Malcy has no comment on his blog when something he has ramped has a big fall like this.Guess he takes his own position before giving view for others to follow.
Re: Having a look . RNS 7am ... re testing market did not like it down 13.5% to 18p.I see rapid ranger had the news and posted here 40mins after midnight today.
Re: 15p retrace It was the deeper depths that Pi's were getting all excited about at the start of the drill so, the fact that zone is a non starter now is very disappointing, and a worry re their future prospects in the area also. Perhaps better results at shallower depths but, they only ever said discovered enough gas from initial results to cover costs of the drill and that was being classed as significant, glad sold out as it's looking less likely will be the mother load that people were hoping for and I think that they have hyped the excitement with rns ( commentors like malcy jumping on bandwagon, fanning the flames!) and the share price thro the drill and now let's hope they can deliver otherwise the share price is going to get battered imho. As always DYOR and this is only my opinion. Seagull
update 14/11/2017Dempsey Gas Zone Testing Updateh Testing of the lowermost zone in the Dempsey-1 gas discovery well has beencompleted with dry gas flowing to surface.h The basal zone tested is thin and wireline log data indicated poor reservoirquality at this location.h Preparations are underway, according to plan, to test the next gas zoneshallower in the well.Pancontinental Oil and Gas NL (ASX: PCL) (¡§Pancontinental¡¨, is pleased to releasepreliminary results of testing of the Dempsey-1 gas discovery in the Sacramento Gas Basin,California. This initial result is part of a test program commencing with the lowermost gaszone penetrated in the well.The first zone to be tested is a thin sandy unit with poor reservoir characteristics based onthe wireline logs. Following perforation, the zone flowed naturally, without stimulation, drygas to surface and no water. The rates achieved are sub-commercial at current gas prices.However analysis of the full potential of this zone is still at an early stage.The tested zone has been isolated by a temporary plug and preparations are underway totest the next, shallower zone of gas shows.More information will be released as the test program progresses.
It will come when it's ready....last throw of the dice to get your s... It will take whatever it takes.....I'd rather they perforate the various zones carefully, flow test carefully and then clean up after themselves, and if it takes another 2 weeks so be it.....one shift crews working on this, so we get continuity through daylight hours but sacrifice short term news feed - so what? patience will be more likely to be rewarded now the 'heavy lifting' at the exploration drill bit has been done.....I'm anxious for news flow like everyone, but trying to keep chilled - in 2 years time, a couple of extra weeks delay here will be forgotten...
Re: last throw of the dice to get your s... Would be but I managed a substantial top up sub-20p a few weeks ago so am OK for the moment. my reckoning we must be close to the high end of the time estimates (~21 days) for this stage so any day now, surely. In fairness: the companies will want this done to highest standard so not going to push it. (Certainly not if messrs Kelly's and Brophy's MO are anything to go by, anyway). If its any consolation, to us impatient investors, the timeline for next stage (pipeline, etc) should be swift (tiny distance to local pipeline and speedy licensing) In the meantime: I wouldn't want to be out of this over the weekend... sorry, couldn't help myself again.GLA.
Re: last throw of the dice to get your share... Lets hope so.....
last throw of the dice to get your shares before news.. hold tight and wait for the rewards
can we hold yesterdays gains?? or kick on