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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| New City Energy | NCE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 16.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 16.50 | 16.50 |
| Top Posts |
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Posted at 04/7/2012 14:31 by marab energiser01 - the GCL subs were a good earner even if I did buy them a lot later than some of the braver investors. GCL have had a rough time of it but looking good value at the moment and I think I sold mine at about63p shortly after the tsunami last year. Already have a few NCEA bought at much higher prices but I live in hope of a general market uplift of confidence. With the usual discount of the share price to NAV I reckon the NAV has to hit about 90p before the subs are in the money, although the discount could narrow by then. |
Posted at 10/5/2012 13:24 by energiser01 Update - Pacific RubialesVery good set of results. Full rel @ Pacific Rubiales reports strong financial and operating quarter: EBITDA up 48% to $538 million, net earnings increased to $258 million, net production up 17% to 93,573 boe/d, development and exploration portfolio expanded through acquisition TORONTO, May 10, 2012 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) announced today the release of its unaudited consolidated financial results for the quarter ended March 31, 2012, together with its Management Discussion and Analysis ("MD&A") for the corresponding period. These documents will be posted on the Company's website at www.pacificrubiales. First Quarter 2012 Highlights EBITDA was $538 million, up 48% year over year, driven by production growth and higher netbacks. Net Earnings were $258 million, compared to a net loss of $70 million a year earlier and $81 million in the fourth quarter. Adjusted Net Earnings from Operations were $293 million, up 118% from $134 million in the first quarter of 2011, and an increase over the $172 million reported in the fourth quarter. Operating netbacks from production were a record $73.76/boe, an increase of 39% over the first quarter 2011, driven by higher oil prices and higher operating margins. Production net of royalties was a total of 93,573 boe/d including 1,703 bbl/d* produced from the recent acquisition in Peru, up 17% over the first quarter of 2011, and an increase from the 90,959 boe/d produced in the fourth quarter. Total capital expenditures were $267 million compared to $176 million in the same period in 2011, with 38% ($102 million) invested in infrastructure and 34% ($90 million) in exploration. Exploration success of 84% drilling a total of 19 gross exploratory wells of which 16 were successful. Additional interest acquired in the Puerto Bahia Port Project to develop strategic oil transport and export infrastructure in Colombia. An agreement was signed with Belgium based Exmar NV to advance future liquefied natural gas (LNG) production and export development from Colombia, supported by the Company's large 2P reserves at La Creciente and the recent exploration success on the Guama block. An acquisition of a 49% undivided participating interest in the Z-1 block offshore Peru, providing the Company with its first production in Peru and future development and exploration potential. An acquisition of a 10% net participating interest in the PPL237 license block and Triceratops structure onshore Papua New Guinea, providing the Company with the potential for significant resource capture. In the first quarter of 2012, the Company increased its dividend 18% to $0.11/share, reflecting confidence in the continued strength of the business. Ronald Pantin, Chief Executive Officer of the Company commented: "The first quarter was very strong from both a financial and operational standpoint, with EBITDA, net earnings and earnings from operations all showing gains, production was up 17% from a year ago, and the Company made a number of strategic moves and investments to strengthen and expand its exploration and development portfolio and provide additional foundation for future growth. Despite widespread permitting delays and transportation disruptions affecting the O&G Industry in Colombia during the first quarter, Pacific Rubiales was able to increase its production 3% from fourth quarter 2011. dyor etc... |
Posted at 30/3/2012 12:31 by energiser01 Update coalspurExtra 5m tonnes at Ridley Full release @ Going to busy qtr for coalspur, funding and resource update by the end of the qtr.(end of jun) Full release @ The Process has resulted in a number of potential strategic partners expressing interest in Vista. The Company has shortlisted several parties with which it continues discussions in relation to funding the development of Vista. The Company has retained a financial advisor to manage the Process and is progressing to finalise the structure of any potential funding transaction. Consistent with its earlier announcements, the recently executed facility agreement with the Highland Park Group provides flexibility for a strategic investor to acquire up to 25% of Vista. As previously announced, the Company intends to finalise the Process in the quarter ending June 30, 2012. dyor etc. |
Posted at 15/3/2012 11:17 by energiser01 Marab, yup not all the SP's reflecting some of the good results or future upside and earnings, I think some of the holdings may really shine over the next 12/24 months, most look well financed, strong cash flow (esp the producing oilers) and good potential from the explo's in the main...across a wide geography, commodities and political sceptrum/risks....caUpdate APA Group. looks like a good steady performer, share price has increasing steadily since a low in Aug 2011. If APA manage to get the offer through at the current level for Hastings Diversified Utilities Fund ( APA owns 20% already) that would be a great result. I suspect they'll have to raise it a bit, but med/long term still a very good bolt on. dyor etc... |
Posted at 15/3/2012 09:08 by energiser01 Update Pacific RubialesAnother company with V. strong results and good expectations going into 2012... full rel @ Pacific Rubiales in 2011: 52% Production Growth, 547% Reserve Replacement, EBITDA and Net Earnings Doubled, Reserves Base Expanded and Diversified TORONTO, March 14, 2012 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) announced today the release of its audited consolidated financial results for the years ended December 31, 2011 and 2010, together with its Management Discussion and Analysis ("MD&A") for the corresponding period. These documents will be posted on the Company's website at www.pacificrubiales. 2011 Highlights Production grew 52% year over year, averaging 86,497 boe/d net after royalties, largely driven by increased production from the Rubiales and Quifa SW oil fields. First oil production from the Quifa North and Sabanero areas in December, which will contribute to growth in 2012. EBITDA for the year doubled to U.S.$1.95 billion, driven by production growth and higher netbacks. Net Earnings increased to U.S.$554.3 million in 2011, from U.S.$265.1 million in 2010. Adjusted Net Earnings from Operations increased to U.S.$749.1 million in the year, from U.S.$346.9 million in 2010. Significant increase in operating netbacks, with crude oil netbacks increasing to U.S.$61.58/bbl (up 42% compared to 2010) and natural gas netbacks increasing to U.S.$31.09/boe (up 39% compared to 2010). Total capital expenditures of U.S.$1.1 billion, including exploration spending of U.S.$267 million; up marginally from U.S.$954 million in 2010. Growth in 2011 total proved plus probable ("2P") net reserves of 52% adding 169.5 million boe, largely through the drill bit. 2P reserves replacement of 547%, and an increase in 2P reserves life index ("RLI") to 13. Successful diversification of the reserves base with the Rubiales field now accounting for less than 30% of the Company's net reserves base from 60% in 2008. First bookings of 44 MMbbl 2P net reserves from the CPE-6 E&P block at year-end 2011. Independent resource assessment totaling 2.8 billion boe Best Estimate (P50), from the evaluation of 25 of the Company's exploration blocks. Exploration success of 84%, from drilling of 69 exploration, appraisal and stratigraphic wells. Further optimization of oil transportation infrastructure with an increase in the total transportation capacity of the ODL pipeline (transporting oil out of the Rubiales and Quifa fields, PRE 35% equity interest) to 340 Mbbl/d in December; and start of construction of new diluent blending facilities at Cusiana. In the first quarter of 2012, the Company increased its dividend from U.S.$0.093 per common share to U.S.$0.11/share, a reflection of the Company's increased cash flow. Ronald Pantin, Chief Executive Officer of the Company commented: "2011 was another outstanding year of growth for Pacific Rubiales, and the Company had a very successful year in terms of its operational delivery and strategic positioning. Our production increased by over 50%, and our reserves additions more than kept pace with 5.5 boe of 2P reserves added for every boe produced during the year. Financial results were strong across all important measures, with revenues, EBITDA, net earnings and adjusted net earnings from operations all doubling from a year ago. The Company realized first production from the Quifa North area, which we expect to continue to grow in 2012. In addition, Maurel & Prom Colombia, B.V., a company in which we hold an indirect 49.999% interest, realized first production from the Sabanero area. I am particularly pleased with the growth and successful diversification of the Company's reserves base, underpinned by continued reserves bookings in the Quifa area, new reserve additions at Sabanero and the first reserves bookings on the CPE-6 E&P block. The Rubiales field now accounts for less than 30% of the Company's larger reserves base, and new reserves additions underpin the future production growth targets of Pacific Rubiales. I fully expect another exciting year in 2012, with an oil leveraged production base, and ample exploration acreage and resource to drive continued growth in the immediate and longer term." dyor etc.. |
Posted at 01/3/2012 15:28 by energiser01 FYIHave just recd email from NCIM with attached Shares Magazine article for NCE. Article is titled "Fields of Dreams * Energise portfolio profits through New City Energy's oil, gas, coal and uranium picks" Presume its for the latest edition (April), so I won't reproduce here as i'm sure there's copyright issues etc... Article is based on a meeting last week between Shares Magazine's James Crux with NCE's Senior Fund Manager Will Smith. No major new news for regular followers of NCE, but an interesting read never the less and more importantly the publicity may attract new investors and help close the share price to NAV gap..... If others are interested best to contact Toni Wall at NCIM (toni.wall@cqsm.com) to go on dist list. dyor etc.. |
Posted at 26/8/2011 17:14 by energiser01 Believe NCE hold Hathor.Cameco Announces Intention to Acquire Hathor Exploration Limited Conference Call and Webcast at 9:00 a.m. EDT Today - All-cash offer of $3.75 per Hathor share - Premium of 40% over Hathor's closing share price and 33% over Hathor's 20-day volume-weighted average price as at August 25, 2011 - Immediate liquidity and elimination of risk for Hathor shareholders - Investor conference call today at 9:00 a.m. EDT SASKATOON, SASKATCHEWAN--(Marke Cameco delivered a written proposal to Hathor following the close of market on Friday, August 19, 2011 outlining its interest in acquiring the company for cash in a transaction valued at $3.75 per share. Cameco made today's announcement after discussions with Hathor regarding a potential board-supported transaction failed to result in an agreement. Hathor is a junior uranium company focused on exploration projects in the Athabasca Basin of northern Saskatchewan, Canada. The company's most significant asset is the Roughrider uranium deposit. The Roughrider deposit is estimated to contain indicated and inferred resources of approximately 17.2 and 40.7 million pounds of uranium (U3O8) respectively(2). The deposit is located approximately 25 kilometres northwest of Cameco's Rabbit Lake mill. dyor etc.. |
Posted at 28/2/2011 13:33 by energiser01 Vermillion 2010 resultsVermilion Energy Inc. Announces Year End 2010 Operating and Financial Results Vermilion Energy Inc. Announces Year End 2010 Operating and Financial Results Feb. 28, 2011 (Business Wire) -- Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX VET) is pleased to report operating and unaudited financial results for the three and twelve months ended December 31, 2010. Financial data contained within this document are reported in Canadian dollars, unless otherwise stated. 2010 Highlights Exceeded full year guidance with average production of 32,132 boe/d in 2010, compared to 31,395 boe/d in 2009. Fourth quarter 2010 production averaged 35,302 boe/d compared to 30,016 boe/d in the fourth quarter of 2009 and to 31,298 boe/d in the third quarter of 2010. The sharp increase in fourth quarter 2010 production was attributable to the strong performance of three new wells drilled in Australia and ongoing additions from the Cardium light oil program in Canada. Generated fund flows from operations for the fourth quarter of 2010 of $100.2 million ($1.14 per share), as compared to $94.5 million ($1.07 per share) in the third quarter of 2010. Increased revenues were partially offset by a $10 million ($0.11 per share) increase in cash taxes, including a one-time adjustment related to the elimination of a tax incentive program in France. Full year fund flows from operations in 2010 totalled $363.5 million, a 14.6% increase over $317.2 million in 2009, due primarily to higher oil prices realized in 2010. Significantly expanded Vermilion's position in the Cardium light oil play in Western Canada and commenced the long-term development of these assets. Vermilion increased its land holdings in the Cardium play during 2010 to approximately 98,000 net acres including over 75,000 net acres (120 sections) of premium quality lands. Vermilion participated in the drilling of 28 Cardium wells in 2010 including 15 operated wells, and continues to improve and refine drilling and completion methods with the goal of minimizing costs while optimizing well performance and reserve recoveries from this significant resource. Completed and tied-in two development wells drilled in the Netherlands in 2009 at a combined rate of approximately 2,500 boe/d. Two exploration wells drilled in the same program will be placed on production by mid-2011 at an expected combined rate of 2,000 boe/d. Successfully drilled and completed a three-well program in Australia adding significant near-term production and providing technical support to Vermilion's goal of increasing the sustainable level of production from the Wandoo Field to approximately 9,000 boe/d. The three wells were put on production at restricted flow rates to avoid water coning and to maximize the long term performance of the wells and the reservoir. Initiated appraisal of the Lias shale oil resource in the Paris Basin in France, which included the recompletion and testing of two vertical wells to gather critical reservoir and fluid information. This appraisal program is best described as "in its infancy" and Vermilion is collaborating with regulators to ensure the protection of the environment and the interests of all stakeholders in this project. Vermilion needs to gather a significant amount of information on this potential resource before we are able to determine either the technical or commercial viability of development. Added 16.0 million barrels of oil equivalent of proved plus probable reserves in 2010 through drilling and development, replacing 137% of 2010 production and increasing total reserves by 3.1%. Vermilion's proved plus probable reserve life index at the end of 2010 was approximately 11.0 years. Generated a positive total return to investors of 49.6% for the year ending December 31, 2010. Over the past five years, Vermilion has generated a compound annualized rate of return of 16.3%, placing Vermilion in the top quartile of its peer group. dyor etc.. |
Posted at 20/1/2011 20:26 by energiser01 Update on Corrib from Vermillion.Vermilion Energy Inc. Announces An Bord Pleanála's (ABP) Approval for the Construction of the Corrib Onshore Pipeline Vermilion Energy Inc. Announces An Bord Pleanála's (ABP) Approval for the Construction of the Corrib Onshore Pipeline Jan. 20, 2011 (Business Wire) -- Vermilion Energy Inc. (TSX: VET) is pleased to announce that An Bord Pleanála has granted permission for the construction of the Corrib gas onshore pipeline in Ireland. In its detailed determination issued today, ABP stated that the development "would help safeguard the energy security of the State, would benefit the Western Region of Ireland, would not seriously injure the amenities of the area, would not be prejudicial to public health or to public safety and would not be likely to have significant effects on the environment." The Corrib Gas Partners look forward to completing this strategically important project and delivering the gas to Ireland. At peak production, Corrib gas will supply up to 60% of Ireland's natural gas needs and will play an important role in Ireland's energy security in the years ahead. Vermilion Energy Inc. is an oil-leveraged producer that adheres to a value creation strategy through the execution of full cycle exploration and production programs focused on the acquisition, exploration, development and optimization of producing properties in Western Canada, Western Europe and Australia. Vermilion is targeting 10% annual growth in production through the exploitation of conventional resource plays in western Canada, including Cardium light oil and liquids rich natural gas, the exploration and development of high impact natural gas opportunities in the Netherlands and through drilling and workover programs in France and Australia. Vermilion also expects to realize a material increase in both production and fund flows at the onset of production from the Corrib gas field in Ireland. This growth, combined with an attractive yield, is expected to generate strong positive returns for investors. Management and directors of Vermilion Energy Inc. hold approximately 9% of the outstanding shares and are dedicated to consistently delivering superior rewards for all its stakeholders. Vermilion Energy Inc. trades on the Toronto Stock Exchange under the symbol VET and over-the-counter in the United States under the symbol VEMTF. |
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