|yesterday 11:41||steelwatch||Nautical were in secret negotiations with Cairn for a year before announcing the eventual cash buy out. read more...|
|Wed 19:57||boozey||The CEO's character reflects the culture of Circle Oil. No one doubts the Professor's credentials as a geologist. He knows where the oil is, he knows how to build the company up by bringing low risk assets into production. But it is a painstakingly long process.
On the other hand everyone doubts the ability of the Professor to execute in a timely manner, be it operational execution - Ras... read more...|
|18 Oct 2014||boozey||Hi Doc from memory gas sales were $17.3M in the last financial year. So a 50% increase is about $25M, but it is high margin. It won't have a significant impact if any in the current fiscal year. Morocco is only about 20% of revenue. Larger in profit although the company don't break out the profit split between Egypt and Morocco.
Revenues are likely to be relatively constant in the next couple... read more...|