09
Jan

Wrap – Week Ended 01/08/10 (In Progress)

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Holdings Watch:

  • $10KP II: $33,300
  • Cash: 41%

Last Week's Closed Trades: 

  • IOC – Sold my (2) January $70 calls (IOCAN) for $14, up 135%. Will reposition soon.
  • NOG – Sold (40) NOG $12.50 January calls for $0.50 (on the mid), up 91%, with the stock at $12.67. I continue to own the Feb $10s and plan to add to that position soon.
  • SWN – Sold (20) SWN $50 January calls (TKQAJ) for $2.40, up 55%, with the stock at 51.75. I continue to hold the January and February $55 calls here and the common.
  • HAL – Sold (20 – all) of the HAL $31 January Calls for $1.51, up 104%. Will likely punt the $33’s soon and look for a point in the next few days to roll longer but with no real rush on that.
  • ANR – Sold the (5 -all) January $45 calls (ANRAI) for $5.30, up 247%, with the stock at $50.20. I plan to reload in another coal name or two either after Payrolls on Friday or next week. 

Comments To Be Added Sunday ....

5 Responses to “Wrap – Week Ended 01/08/10 (In Progress)”

  1. 1
    zman Says:

    MMR on the tape with “major discovery” at Davy Jones.

  2. 2
    elijahwc Says:

    MMR McMoRan Expl announces a discovery on its Davy Jones ultra-deep prospect located on South Marsh Island Block 230 (9.19 )

    Co announces a discovery on its Davy Jones ultra-deep prospect located on South Marsh Island Block 230 in approximately 20 feet of water. The well has been drilled to a measured depth of 28,263 feet and has been logged with pipe-conveyed wireline logs to 28,134 feet. The wireline log results indicated a total of 135 net feet of hydrocarbon bearing sands in four zones in the Wilcox section of the Eocene/Paleocene. All of the zones were full to base with two of the zones containing a combined 90 net feet. The Eocene/Paleocene (Wilcox) suite of sands logged below 27,300 feet appears to be of exceptional quality. Flow testing will be required to confirm the ultimate hydrocarbon flow rates from the four separate zones. The resistivity log obtained on January 10th was the last data needed to confirm hydrocarbons in South Marsh Island Block 230.

  3. 3
    skimo Says:

    Laissez les bons temps rouler EXXI ditto to 1

  4. 4
    nifkin Says:

    IOC InterOil provides Antelope-2 drill stem test results ($83.65)
    During the last seven hours of drill stem test (DST) 2 at the Antelope-2 well in Papua New Guinea the well flowed at a stabilized rate of approximately 11 MMcfd on a 48/64 inch choke and the condensate-to-gas ratio (CGR) averaged 20.7 barrels per million cubic feet of natural gas. This is a 15% increase in CGR from DST 1 which was performed at the top of the reservoir.

  5. 5
    nifkin Says:

    GoM discovery reported at Davy Jones prospect ($2.63)

    A number of companies announced a discovery on the Davy Jones ultra-deep prospect located on South Marsh Island Block 230 in approximately 20 feet of water. The well has been drilled to 28,263 feet and has been logged with pipe-conveyed wireline logs to 28,134 feet.
    The wireline log results indicated a total of 135 net feet of hydrocarbon-bearing sands in four zones in the Wilcox section of the Eocene/Paleocene. All of the zones were full to base, with two of the zones containing a combined 90 net feet.
    The Eocene/Paleocene (Wilcox) suite of sands logged below 27,300 feet appears to be of exceptional quality.
    Flow testing will be required to confirm the ultimate hydrocarbon flow rates from the four separate zones.
    The resistivity log obtained on 10-Jan was the last data needed to confirm hydrocarbons in South Marsh Island Block 230.
    Drilling will resume to deepen the well to a proposed depth of 29,000 feet to test additional objectives.

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