Well the market seems to have it's imagination stimulated to the latest news from the dragon well in Indonesia.
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Well the market seems to have it's imagination stimulated to the latest news from the dragon well in Indonesia.
CUE at 8 month high this morning on good volume. More news due this week from drilling. They have another slot for the rig after current drill and the target, if their presentation material is correct, is an oil lead.
Gazprom
Added more CUE today at 29 cents. Cautiously optimistic about its prospects and the current drill. revenue comign in but also spending plenty on develoment and exploration.
Gazprom
Sorry, I have freed up some space.
Gaz
Anyone understand what today's announcement means, Re: Naga Utara-1 ?
quite luckily sold out yesterday to buy into the AJQ IPO. Shareprice not going to like this news.
If the next well is a dud will slip back to the low 20's it was earlier the year.
Over reaction today on the sell-off . Naga Utara-1 was only valued at 3c for CUE on success , so why flog ones shares . The rig moves on to the big 20mmbbloe oil well some klms to the south which will be worth 12c or more to CUE . So the flogging is stupid , they will only buy them back next week . I am out to double my large holding at 26.5c , maybe the last chance for cheap entry this year . The plays are on through till Feb13! WHy WHy Why!!!! Just plain stupid ! today
the high oil and gas sharing with the indo govt put me off for the time being.