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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (73256)	10/13/2006 12:22:03 PM
From: manalagi	Respond to of 206181

CC: I heard of trade triggers but my broker does not have that (formerly TD Waterhouse). I don't know what its all about. Maybe I should just place stop orders on some of the winners (see MRO, VLO, COP, SU all on fire!). Thanks for the reply.

To: CommanderCricket who wrote (73256)	10/13/2006 2:22:43 PM
From: James W. Riley	Read Replies (1) \| Respond to of 206181

Commander, are you still keeping an eye on TGA? In the first quarter of next year they will drill their first well in Egypt so figure the stock will ease up till then. If they hit in Egypt TGA is a buyout stock. Just put my shares in the sock drawer along with BTU. Holding long and waiting for the weather to save my rear end. TransGlobe Energy On Track For First Production From The Godah Field In Yemen Just Eight Months After Discovery There is more good news for Calgary-headquartered TransGlobe Energy from Yemen, where it is participating in the fast-track development of the Godah field. The oil accumulation, which lies in Block 32 (TransGlobe 13.81 per cent), received the development greenlight in June, just four months after the drilling of the Godah-1 discovery well. That well flowed 1,800 barrels of oil per day and 4.4 million cubic feet of gas per day when production tested in February. A follow-up well, Godah-2, was drilled just over a kilometre to the northeast and flowed 1,160 bpd and 117,000 cf/d of gas. This week it was revealed that the Godah-3 appraisal well, drilled to the southwest of the first well, flowed 1,500 bpd and 122,000 cf/d and has been suspended as an oil producer. The drilling rig will now move 3 km to the north to drill Godah-4 to evaluate the oil/water contact and a possible eastern extension of the main accumulation. First production is anticipated later this month, with wells 2 and 3 expected to flow between 1,000 and 2,000 bpd each. More permanent production facilities, utilizing the Tasour central processing facilities some 23 km away, should be operational by mid-2007. This is the kind of quick payback investors like to see and will go someway to offset natural declines from the maturing Tasour field. The field, which started producing in 2000, is currently running ahead of expectations, however. With the hook-up of the Tasour-22ST well at the end of August, output is around 15,500 bpd (2,150 bpd net to TransGlobe) and the well is continuing to produce more than 8,000 bpd. This will go a long way to helping meet the targeted average output for the field of 8,000 bpd. What’s more, there are additional opportunities to sustain the lifespan of the field and its infrastructure by investing in new exploration (as proven by the success at Godah). An exploration well, Tasour-23, is currently drilling ahead to probe a fractured basement prospect south of the Tasour field. Seismic work is also underway, with 210 sq km of 3D seismic targeting the Godah discovery and the acreage that runs to the eastern boundary of the block with a further 65 sq km shoot covering an area to the northwest of Tasour. The new data will be used to refine development plans for Godah and firm up locations for future exploratory drilling. Exploration is the name of the game elsewhere, which is refreshing as this is a company that has long been busy drilling up the Tasour field to shore up production and developing the An Nagyah field in Block S-1 in Yemen. In Block 72 in Yemen, two exploration wells are due to spud in December while the first quarter of 2007 should see the first well sink in the Nuqra Block 1 in Egypt. Two firm wells are planned, targeting the Narmer and Set prospects, with an option to drill a third well. All three prospects lie in the Nuqra sub-basin in the central part of the block. This is frontier wildcatting and could produce a very interesting stream of newsflow to complement the work in Yemen and the company’s gas production business in Canada.