Weekend Round up #OXS, #AFR, #UKOG, #FOGL, #SAV

Very Busy so didn’t want to go into each stock with too much detail.

#OXS – saw some high volume this week with many large trades particularly on Thursday. I made a call on twitter to buy at something like 3.3 (current buy 3.5), Still the big unknown risk of the arbitration but still very much worth taking with a  portion of your PF that your prepared to write off. A bit of excitement from the Jerooy contingent asset in the coming week, board holders have probably sold out now so a rapid rise off the 50 day SMA to a classically overbrought signal of 4.5p could well occur. As could a year making multi-bagger if the arbitration news comes in.

#AFR looks to have stabilised in the 3’s, this stock was always a risk and it really depended on how corrupt you think the general market would be to a FTSE 250 company…The Answer came in loud and clear. Investors should contact the company and make various points very clear to them.

From this level it seems to make sense to hold for me, I won’t be selling or averaging down, just holding to see what happens.

#UKOG – lack of understanding.

I posted about HH last year here

http://icebergshares.blogspot.co.uk/2014_10_01_archive.html

The latest news pretty much confirms what I said. HH IS NOT COMMERCIAL. Its drilled into the same “world class” source rocks that exist across much of southern and southern central England. I fully standby my comment that I could drill under a Tesco’s near to where I live and get the same results.

A study was undertaken a while ago that took rock chips from a variety of beaches around Dorset. Half of these samples had higher TOC’s and S2’s than Horsehill, some higher than anything Horsehill had as a max.

The source rocks tested have always been and will nearly always be organically rich, generally TOC’s of 10-20% are needed with TOC’s of 25% for sweet spot convectional extraction. S2’s of 100 or so are also probably needed for free flowing. I am not saying I know more than the experts but the experts are purely commenting on the potential and giving industry facts and figures rather than commerciality.

Horse Hill is such a “normal” underachieving southern England drill its almost scary. Don’t believe the crap and hype this will NOT make you a fortune.

#FOGL Things are starting to get interesting now on FOGL. The drill bit will be churning through the rock, possibly hitting oil and successful hit will put a lot of confidence into FOGL, unsuccessful will create a great buying opportunity for the rest of the drills.

#SAV some very nice gold grades coming out of SAV, Gold is still an extra on top of the principle copper and so is all a bonus, adding to commerciality. At this stage the gold alone looks like it could be commercial, with the copper as well this looks almost a certainty. Just like Mr Archer to pick a certain highly safe project in Oman to go along with the now highly certain Mozambique project. Massively undervalued share.