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From: CommanderCricket3/16/2012 9:52:55 AM
   of 185055
 
Sold the BTU shares for a 10% gain from yesterday but will not cover the Apr 30 puts.

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To: CommanderCricket who wrote (165626)3/16/2012 10:07:00 AM
From: Jane4IceCream
   of 185055
 
Sold half my PCX at $7 bought yest too...


Jane

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To: Robohogs who wrote (165612)3/16/2012 10:27:20 AM
From: Keith J
1 Recommendation   of 185055
 
ATP bonds have weakened a couple points, though the stock is holding up MUCH better than I would have suspected.

Unless there's a bombshell on the CC, seems like the market is focused on future outlook more than Q4 and Q1 dismal results.

My 5's and 6's look relatively safe at this point.

KJ

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To: Keith J who wrote (165628)3/16/2012 10:33:12 AM
From: Mark Mandel
   of 185055
 
ATPG... what a swing today, so far.

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From: littlechuter3/16/2012 10:41:47 AM
   of 185055
 
NY Times shale propaganda falling on deaf ears. Kinder Morgan president noted on CNBC that natural gas prices are at all time low thanks in large part to shale oil activities. I thought a prominent geologist debunked the shale numbers? Oh well. The green ants will be history soon enough. Drill baby drill.

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To: Keith J who wrote (165628)3/16/2012 10:42:11 AM
From: CommanderCricket
   of 185055
 
I don't get the ATPG action today.

Was there anything positive in the 4th quarter numbers?

What makes anyone think production will dramatically improve and all problems will go away by summer?

No position but the run up today makes shorting easier.

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From: CommanderCricket3/16/2012 10:48:24 AM
   of 185055
 
Not sure if this news lit the fire under CIE.

Kosmos Energy Announces Further Appraisal Success at Enyenra Oil Field Offshore Ghana

Press Release: Kosmos Energy


DALLAS--(BUSINESS WIRE)--

Kosmos Energy (NYSE: KOS - News) announced today that the Enyenra-4A appraisal well, located in the Deepwater Tano Block offshore Ghana, has successfully encountered substantial light oil in multiple good quality reservoirs. Full analysis of well results, including wireline logs, fluid samples and reservoir pressures, indicate that the Enyenra-4A well encountered 32 meters (105 feet) of net oil pay.

The well is located approximately 7 kilometers (4.3 miles) south of the Enyenra-2A well and nearly 21 kilometers (13 miles) south of Enyenra-3A. Pressure data from the well demonstrates that the oil is in static communication with the other wells, indicating a continuous oil column of approximately 600 meters (1,970 feet).

Darrell McKenna, Chief Operating Officer, stated, "The Enyenra-4A well was a very positive result for Kosmos, as we confirmed a significant downdip extension of the field and encountered more net pay at this location than our pre drill expectations. We have now proved static communication in the reservoirs over 13 miles apart. Additional appraisal activities at the field will include the monitoring of pressure gauges, which have been deployed in multiple wells to determine dynamic communication. Success at Enyenra-4A further enhances the momentum behind our drive in submission of a plan of development."

The Ocean Olympia rig drilled Enyenra-4A to a total depth of 4,174 meters (13,695 feet) in water of 1,878 meters (6,160 feet). Prior to submitting a plan of development for the Tweneboa, Enyenra, and Ntomme project, which is expected in the third quarter of 2012, a drill stem test of the oil zone at the Ntomme-2A well on the Deepwater Tano Block will be performed. Injectivity tests are currently underway at Enyenra-4A to provide important information for the design of the water injection system.

Kosmos Energy currently holds an 18 percent interest in the Deepwater Tano Block offshore Ghana. The Company’s partners include Tullow Oil plc (49.95 percent), Anadarko Petroleum Corporation (18 percent), Sabre Oil & Gas Holdings Ltd. (4.05 percent), and the Ghana National Petroleum Corporation (10 percent carried). Kosmos Energy recently exercised a right to acquire the interest of Sabre Oil & Gas Holdings Ltd. in the Deepwater Tano Block. After closing of the transaction, the Company’s interest will increase to 22.05 percent.

About Kosmos Energy

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From: katytrader3/16/2012 10:48:48 AM
1 Recommendation   of 185055
 
Make your portfolio rise with offers that get refused. The other day I noticed that I was down $10k in a very flat market. Turns out that the reason was the posted ask price on a short put play had risen. The brokerage house marks my open short to the ask price on the put; another house marks to midpoint of the spread....you get the idea. So I entered a bid lower than the ask but still far from the bid and voila! the value of my short puts regained the $10k. All of this should have been self-evident, but I thought I would pass it along for folks who don't like to see their net worth fall when underlying isn't falling. I didn't look to see what the effect on available margin was; I'll save that for another slow day....

katytrader

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To: CommanderCricket who wrote (165623)3/16/2012 10:51:33 AM
From: Robohogs
   of 185055
 
Cc,

I covered all March options except a small slug of 7 puts.

Jon

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To: CommanderCricket who wrote (165631)3/16/2012 10:54:15 AM
From: katytrader
1 Recommendation   of 185055
 
Careful with a short, CC. They may bring in a partner or sell off something to excite the market. Lest we forget, tomorrow's price doesn't necessarily reflect the latest reported numbers. I think KJ has the right idea for ATPG.

katytrader

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