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Real-Time news about Bluebird Energy (London Stock Exchange): 0 recent articles
|multibagger: What interests me is that ORA and the big hitters (Richard Griffiths, James Ede-Golightly etc) have taken virtual control of this company and what their track record shows is that they create value more often than not. Check out the likes of SLN, NANO, TRX, OXA, OXP to name a few. Another of their babies is OBT which has taken a battering recently but I expect it to come good.
It won't be long before another investment is reversed into the BBE shell, IMHO. They have taken over VELA as well. Worth a punt when you can pick up volume and the share price is less than the assets they hold. Good luck :)|
|father o toole: Common guys let's get the share price rising now|
|knigel: Hopefully March is the month when the BBE share price starts to re-rate (I expect WSX shares to move up too especially after the director buy) GL|
|knigel: Thanks, got a decent holding here but might add it the share price drifts down before the update|
|maxwell: No information about BBE other than already known, but I have been a shareholder for 5+years purchasing @ 4p per share in 07, 12p per share in 08 direct with the company prior to flotation. Then @ 5p per share still prior to flotation in Feb 2011 because of the hype being given per future value?
Then for whatever reason after April 2011 everything previously expressed just collapsed and the share price dropped very quickly to 1p+ and I averaged down to wait for future action?
Now over the last couple of weeks the share price seems to be bobbing about without any news? or obvious action, plus some shares seem to have found a new home, hence I think the current directors are finally getting ready to move and maybe sooner than expected? I finally need to get my money back out of this company so averaged down again today, and currently hold 1.2m @ 2p each.
Perhaps a couple of months might see an share price of 3p let's hope so otherwise I might have to wait a few more years...................|
|father o toole: Meanwhile ORA capital share price continues to rise, it's now virtually doubled in 6 weeks, so I think it's safe to say they know how to get a share up :))|
|father o toole: In 6 weeks ORA capitals share price has risen form below 140 to 240 today.|
|father o toole: Morning
It's not gone unnoticed with me that the ORA capital share price has went from 140 to 200 in the past 6 weeks.|
|oilbuy: I gather the Osceola share price was based on Hawks share price achievement at the time . Im out just shy of 40K here.
|liquid millionaire: Dow Jones Updates getting better and better !
09.09 11:25 - 2nd UPDATE: Tullow, Shell Discovery Opens New French Guiana Oil Play
--Discovery opens major new oil exploration region offshore French Guiana
--Tullow to speed ahead with exploration of similar oil prospects nearby
--Analyst says region could contain 3.5 billion barrels of oil resources
(Adds share price update, analyst comment in paragraph eight.)
By James Herron
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Shares in U.K.-listed Tullow Oil PLC (TLW.LN) soared Friday after the company said it has opened up a major new hydrocarbon basin offshore French Guiana with the discovery of a good quality oil reservoir from their first wildcat well.
Tullow gained more than GBP1 billion in market value on the discovery, which analysts said could be evidence of billions of barrels of undiscovered oil in the region. "This shows we are sitting at the top table," said Angus McCoss, Tullow's exploration director, in an interview with Dow Jones Newswires.
Tullow is running the drilling operation offshore French Guiana, but Royal Dutch Shell PLC (RDSB.LN) is the largest stake holder, after buying 45% of the license where the discovery was made from Tullow in two separate transactions in 2009 and 2010. Tullow retains a 27.5% stake, French oil company Total SA (TOT) has 25% and Northpet has 2.5%.
At 0848 GMT Tullow shares were up 11.2%, or 138 pence, at 1365p. B shares in much larger company Shell were unchanged at 2085p.
The Zaedyus well was drilled in a geological structure that Tullow has long argued could be very similar to the Jubilee oil reservoir offshore West Africa, where it has discovered 1.4 billion barrels of oil in recent years.
"This proves the Jubilee play is mirrored on the South American side of the Atlantic," said McCoss. "This result marks the start of a significant and potentially transformational long-term exploration and appraisal campaign in the region."
The discovery is a "major step" because the geological system offshore Latin America is bigger than that of offshore Ghana, said McCoss. "There are at least half a dozen more of these Zaedyus type traps adjacent," and the chance of finding oil in them has increased, he said.
"The importance of this result cannot be overstated," said Oriel Securities analyst Richard Rose. If drilling on these adjacent prospects is successful, Tullow might be sitting on 3.5 billion barrels of gross oil resources, which could boost the value of the company by around a third from its current share price, he said.
The discovery means Tullow and its partners can now drill with a greater chance of success in licenses they hold offshore Sierra Leone, Liberia, Ivory Coast, Suriname and Guyana, said McCoss.
These areas all have very similar geology because, "if you turn the clock back 100 million years, the Atlantic was just a narrow sea," said McCoss. Plate tectonics have since dragged the continent apart, but the geological structures that trapped the oil have remained intact on either side of the ocean.
"Certainly we've got the financial muscle and strategic mindset to move fast on this," said McCoss.
Tullow and Spain's Repsol SA (REPYY) will start drilling the Jaguar prospect offshore Guyana in October, he said.
-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; firstname.lastname@example.org
(END) Dow Jones Newswires
September 09, 2011 05:25 ET (09:25 GMT)|
Bluebird Energy share price data is direct from the London Stock Exchange