关注： CAX.TO

[又一村]

石油股。
$1.19 now

[gzlbj8]

1.5 soon

[又一村]

两年以内，应该上看 $6

Assets: El Bibane, Ezzaouia, Robbana and
Al Manzah fields, plus 50% interest in SEEB
power plant
• Effective Date - January 1, 2005 closed
April 27, 2005
• Remaining 2P Net Reserves*
- 2.8 MMbbls & 13.6 Bcf
• YE 2005 Net Exit Production**
- 710 bopd & 0.4 MMcf/d
• Low Case 2006 Net Production Forecast**
YE exit - 2,300 bopd & 4.5 MMcf/d
FY avg. - 2,110 bopd & 3.5 MMcf/d

Chaal Exploration Permit (W.I. 60%)
• ABK-1 well tested gas and condensate
from several intervals at rates up to 3
MMcf/d plus condensate at 25 - 80
Bbl/MMcf
• 2P reserves of 60 Bcf and 3P reserves of
844 Bcf. Additional 1.1 Tcf prospective reserves

Exploration Upside - Deep Triassic Potential
4 km Section across Ezzaouia
W ZAR-1 EZZ-3 E
Triassic
• Two world class prospective
Triassic structures below Ezzaouia
and El Bibane C TAGI formation
• TAGI hosts huge reserves regionally
in Tunisia (Borma) and Algeria

Prospects have potential for 2 to 3 Tcf of Gas and 200 to 300 MMBbls of condensate
• Negotiations with Tunisian Govt. could lead to drilling by 2007

作者: 又一村

石油股。
$1.19 now

[wwwnet]

作者: 又一村

两年以内，应该上看 $6

Assets: El Bibane, Ezzaouia, Robbana and
Al Manzah fields, plus 50% interest in SEEB
power plant
• Effective Date - January 1, 2005 closed
April 27, 2005
• Remaining 2P Net Reserves*
- 2.8 MMbbls & 13.6 Bcf
• YE 2005 Net Exit Production**
- 710 bopd & 0.4 MMcf/d
• Low Case 2006 Net Production Forecast**
YE exit - 2,300 bopd & 4.5 MMcf/d
FY avg. - 2,110 bopd & 3.5 MMcf/d

Chaal Exploration Permit (W.I. 60%)
• ABK-1 well tested gas and condensate
from several intervals at rates up to 3
MMcf/d plus condensate at 25 - 80
Bbl/MMcf
• 2P reserves of 60 Bcf and 3P reserves of
844 Bcf. Additional 1.1 Tcf prospective reserves

Exploration Upside - Deep Triassic Potential
4 km Section across Ezzaouia
W ZAR-1 EZZ-3 E
Triassic
• Two world class prospective
Triassic structures below Ezzaouia
and El Bibane C TAGI formation
• TAGI hosts huge reserves regionally
in Tunisia (Borma) and Algeria

Prospects have potential for 2 to 3 Tcf of Gas and 200 to 300 MMBbls of condensate
• Negotiations with Tunisian Govt. could lead to drilling by 2007

good job!

[trader007]

any news?

[又一村]

CAX 起飞了。


Announces Preliminary Drilling Update on Chaal-1 Well

TORONTO, ONTARIO--(CCNMatthews - April 10, 2006) -
Not for distribution to United States newswire services or for dissemination in the United States.

Candax Energy Inc. ("Candax") (TSX:CAX) is pleased to provide an update on the drilling of the Chaal-1 well which was spudded on February 5, 2006. On April 3, 2006, the well penetrated a hydrocarbon bearing section in the target reservoir, the Middle/Lower Nara, at a depth of 4,036 meters. To date, a gross reservoir interval of 304 meters has been drilled, with the well depth currently at 4,340 meters. There have been excellent gas shows throughout this 304 meter interval, including C5 (condensate) at numerous intervals since entering the reservoir. Drilling through the reservoir interval has been steady, with numerous gas kicks encountered. Candax has been gradually increasing the mud weight during drilling to maintain the pressure balance and to minimize potential formation damage prior to testing.

At a depth of 4,340 metres another significant gas kick was experienced, and the well again began flowing. At this point, it was decided to stop drilling and run an intermediate log suite. Schlumberger are on standby at the well site to begin logging once the well has been stabilized. Following the intermediate logging, it is anticipated that drilling will continue until the full hydrocarbon bearing section has been penetrated. Once total depth is reached, further logging will take place and then the well will be tested following log analysis.

Michael Wood, President & CEO commented, "The preliminary results from the Chaal-1 well are extremely encouraging and we are awaiting the results from the logging to establish the full hydrocarbon column and testing to establish the production capability of the reservoir of the large gas/condensate structure at Chaal. The Company will endeavour to provide further results as soon as these become available."

作者: trader007

any news?

[trader007]

I bought at 1.29.

[trader007]

1.47 now

[扳道工]

我对此股也关注已久，但最近精力一直在黄金股，打算过两天等待合适时机买入。

[又一村]

来自：
http://www.stockhouse.ca/bullboards/...ll=0&TableID=0

这个老外按照和 DPD 比较，认为 CAX 的合理价位应该能达到 $12


Yes even though PDP has only 35 million shares CAX has 130 million plus approx 40 million (warrants being excercised) for a total of 170 million shares. this number is slightly less that 5 X's PDP's.
How ever PDP has the 16.6 meters of pay. As of right now CAX has 305 meters with room to grow. This number is slightly above 18 X's larger. I suspect that when flow numbers start coming just based on PDP's share price and not including the sale price of product.

Here are some very very simple numbers:
PDP price of $5.00 (way back in December) divide that number by 5 due to the o/s. So this wout give us a $1.00......then multiply that dollar by the difference in resevoir size. OPPS I for forgot CAX has a 60% interest so you may as well take that off the share price. So you get 18.00 X's 60% = $12.00.

Of course the Chaal Prospect will require addtional wells to verify the reserves. But to me it looks good.

Gives an idea of what could happen depending on what else is going on and exactly what the flow rates will be.

Sorry for the long winded post and more than likely I am very wrong with this but just on the basis of argument what does everyone think??

[wz111]

CAX的权证CAX.WT 2006年4月14日到期, 今天的涨幅最高时>100%, 那位大侠讲讲这是否正常.

[又一村]

你搞错了，今天最高价： $1.48, 昨天收盘价： $1.26
涨幅最高时只有 （（1.48 - 1。26）/1.26）X 100% = 17.4%

作者: wz111

CAX的权证CAX.WT 2006年4月14日到期, 今天的涨幅最高时>100%, 那位大侠讲讲这是否正常.

[liszt]

作者: 又一村

你搞错了，今天最高价： $1.48, 昨天收盘价： $1.26
涨幅最高时只有 （（1.48 - 1。26）/1.26）X 100% = 17.4%

村长，你可能看错了，他说的应该是option（权证）

在股价涨17%的情况下，option涨100%是完全可能的

[liszt]

作者: wz111

CAX的权证CAX.WT 2006年4月14日到期, 今天的涨幅最高时>100%, 那位大侠讲讲这是否正常.

原来是这么个东西：相当于 Apr06 1.2 call

加拿大的东西真不熟悉。CAX。WT相当于就是本月到期的1.2的call option，所以今天的价格涨幅高过100%很正常，因为CAX今天追高1.48，所以CAX.WT的净现值就是1.48-1.2=0.28，而CAX.WT今天的追高成交价格却不到0.28（为0.26），这个也正常：因为1.48可能是瞬间莫高价格，CAX.WT来不及反应。不过这个warrant真好，没有时间值。所以如果看多，直接买cax。wt，翻起来就快了，当然跌下去也快，也有可能是一张废纸（如果股价低于1.2



Candax Warrant Expiry Date Extended to April 17, 2006


TORONTO, ONTARIO--(CCNMatthews - April 7, 2006) -

Not for distribution to United States newswire services or for dissemination
in the United States.

The exercise deadline for Candax Energy Inc. ("Candax") (TSX:CAX) warrants
(TSX:CAX.WT) has been extended to April 17, 2006. This is due to the Canadian
statutory holiday on April 14, 2006 and is in accordance with the warrant
provisions referenced in the TSX Bulletin 2006-0364, dated March 30, 2006.

Candax has 41,250,000 warrants outstanding. Each warrant is exercisable into
one common share of Candax at $1.20 until 5 pm ET April 17, 2006. The warrants
will be de-listed by the exchange on April 13, 2006. Trades taking place on
April 11, 2006 will settle April 13, 2006 and trades taking place on April
12-13, 2006 will settle "cash", next day.

[liszt]

按照期权的max pain理论，发期权的MM当然是希望这个warrant成为废纸的（加股，特别是具体到这个cax的case没有仔细研究过），那么股价必须的打到1.2左右，看看本周后面几天怎么走

[又一村]

没搞懂，出丑了。
关于 CAX 本周后面几天股价走势，应该是继续向高走。股价打到1.2左右的可能性微乎其微。

作者: liszt

按照期权的max pain理论，发期权的MM当然是希望这个warrant成为废纸的（加股，特别是具体到这个cax的case没有仔细研究过），那么股价必须的打到1.2左右，看看本周后面几天怎么走

[liszt]

作者: 又一村

...关于 CAX 本周后面几天股价走势，应该是继续向高走。股价打到1.2左右的可能性微乎其微。

我刚才看了一下图形，也感觉可能性不大。

因为没有找到当初发warrant的资料，所以就是瞎说了。毕竟和美股的option还是有很大差别。。

[liszt]

今天的走势似乎又在验证max pain理论

股价最低到了1.27，再跌0.07就OK了

而且今天实际上是最后一个交易日for warrant

所以今天不管最后结果如何，仍然验证了期权OE day的大部分理论

[Tiger04]

作者: liszt

而且今天实际上是最后一个交易日for warrant

It should be next Monday

[Green888]

作者: liszt

今天的走势似乎又在验证max pain理论

股价最低到了1.27，再跌0.07就OK了

而且今天实际上是最后一个交易日for warrant

所以今天不管最后结果如何，仍然验证了期权OE day的大部分理论

非常感谢LISZT 大师的提醒， 今天买了CAX。WT 0。08 ，挂了0。11 没成交，最高反弹性0。105。 ，吃完中午饭在此期间 0。075 卖了。 另外卖掉了1/3 CAX （10K） ，抢了一点SAN。V，总算把CAX的LOSS 盖了。

以前从没有学过OPTION。

Thanks again.