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British Airways Share Discussion Threads
Showing 15601 to 15620 of 15625 messages
|Looks like Iran is going to be attacked.
Time to short BAY?
|Hi fiat lux
I just noticed the Bayfield Energy thread on iii has the ticker as BEH
Either way tomorrow will be interesting|
|Float date: 18/07/2011
Mkt cap: £128m
A steal at these prices
12K bopd by end 2012
upside is huge|
|Petrotrin enters into E&P Contract with Bayfield Energy (Galeota) Limited to explore Galeota Block
Petrotrin has signed a US$100m exploration and production licence with Bayfield Energy (Galeota) Ltd for exploration of the Galeota block and revitalization of the Trintes oil field.
The Joint Venture Agreement was signed at the Hyatt Regency Hotel in Port of Spain on Tuesday April 21. Minister of Energy and Energy Industries Conrad Enill signed on behalf of the Government of Trinidad and Tobago, Petrotrin's Executive Chairman Malcolm Jones signed on behalf of Petrotrin and Chief Operating Officer Simon Gill signed on behalf of Bayfield Energy (Galeota) Ltd.
In an address at the signing, Mr. Jones stated that Bayfield Energy would pay all of Petrotrin's capital investment and operating expenses to cover the minimum work obligations for the first 4 years.
As part of its committed work programme, Bayfield Energy will acquire new 3D seismic and drill new exploration wells to fully explore the 12,000 ha licence area as well as to restore the Trintes production platforms and existing wells. Bayfield Energy has also committed to a signature bonus and a training/ scholarship programme.
The Trintes oil field, which was discovered in the 1960s, has produced 22 million bbl of oil to date. Recent seismic surveys have revealed the real possibility of another Trintes look-alike field in the southwest quadrant of the block.
The Galeota block lies 6 nautical miles east of Galeota Point in Southeastern Trinidad. Bayfield will hold a 65% working interest in the new licence and be the operator of the asset and Petrotrin will hold a 35% non-operating interest.
Bayfield plans to spend around $110 million on the project.|
|Published: November 25, 2010
Bayfield To Build Seven Wells At Galeota Block
Bayfield Energy is set to embark on a seven well exploration and appraisal drilling campaign on the Galeota License block, off Trinidad's south east coast. The company is currently going through the environmental permitting stage for the planned 200 day drilling campaign. They are targeting seven wells at horizons ranging from 6,500 - 12,000 feet, drilling in shallow water depths from 20 - 35 meters.
Bayfield Energy is a UK headquartered independent with a focus on Trinidad & Tobago. They are currently operator of the Trintes field in the Galeota block. At the February 2010 Trinidad & Tobago Energy Conference, Mr Dino Giannatos, Bayfield's head of operations in Trinidad, outlined the company's plans to increase oil production from the Trintes field to 3,500 barrels per day (bpd) and their target of a total production of 15,000 bpd from the Galeota block by 2012.|
|Bayfield Energy to list on Aim
Bayfield Energy, a small Caribbean oil explorer set up up by the founders of the £1.7bn Burren Energy, is planning to list on London's junior Aim market.
The company, which has key assets in Trinidad and Tobago, wants to float by early July, joining in the rash of oil and gas listings this year.
Bayfield Energy is not yet saying how much it wants to raise from the float.
The company is not yet saying how much it wants to raise, but disclosed that management and directors have put $47.5m (£29m) into the business so far. It aims to have production of 8,000 barrels of oil per day by 2013.
Bayfield's predecessor, Burren Energy, floated on the London Stock Exchange with a market capitalisation of £175m in 2003 and five years later it was sold to Italian energy giant Eni for £1.7bn.
Hywel John, chief executive of Bayfield Energy, said: "We are offering investors the opportunity to share in significant potential upside as we rapidly cycle the funds we raise in the initial public offering process through the business.
"Our contracting of a jack-up rig presents a defined work programme for our Trinidad and Tobago assets with the potential to deliver substantial increases in shareholder value within a two-year time frame."|
|great, thanks JC !|
|please use NEW thread.....
|strange indeed theres small volume. spole to my broker Daniel Stewart ....and they didnt even know it was trading, not even the code!!!
A tading opportunity is still open . considering its the same share, its tading at different levels on Madrid & Ldn, there's a spread bet there ! You guys who understand such complex trading should be on that ??|
|jcpete5 the ratio is 1 for 1.
spob has started an IAG thread.
|Whats the old share/new share ratio?|
Not looking after his members interests saying something so stupid.|
|Where is that quote from Anon?|
|unite said few weeks ago, they would not strike during Royal Wedding.
today, unite monkeys say....
Cabin crew at British Airways will today vote on walkouts during the Royal Wedding and the half-term and Easter holidays, expected to be some of the busiest periods of 2011 for travel.
Ahead of the vote, Unite Union leader Len McCluskey issued a stark warning to passengers, saying: 'Watch this space. Don't go on holiday.'|
|expect to open up again at £1.50|
|Here's hoping they have more success than the previous IAG !|
dow trader majorca
|BA ends trading ahead of merger
British Airways has ended 24 years of trading on the stock market ahead of its merger with Spanish carrier Iberia.
The merger will complete on Friday and shares in the new holding company, International Consolidated Airlines Group (IAG), will be listed on the stock market in London and Madrid on Monday morning.
Shares closed 5p lower at 282.5p on Thursday, its last day, after easyJet warned soaring fuel costs were expected to double half-year losses and shook confidence in the industry.
The completion of the merger comes more than two decades after British Airways joined the London stock market in a high-profile flotation that was 11 times oversubscribed.
BA and Iberia will retain their brands as part of the initiative that is expected to save 400 million euro (£337.3 million) a year by its fifth year.
The new airline group will have 419 aircraft flying to 205 destinations and will be Europe's second biggest airline by market value after Lufthansa.
BA will also benefit through Iberia's strong presence in south America, where BA operates only a handful of routes.
The newly-formed group plans to aggressively expand through further acquisitions and has already drawn up a list of 12 companies it is interested in buying.
Willie Walsh will step down as chief executive of BA to take up the same role at IAG in a move that will see his basic pay increase 12% from £735,000 to £825,000 a year.
Current BA chairman Sir Martin Broughton will remain in the post after the tie-up, but will also become deputy chairman of IAG and will earn 350,000 euro (£295,000) and an extra 175,000 euro (£148,000) next year to help with the demands of integrating the two firms.|
|British Airways strike: time to grow up
20 Jan 2011
written by a BA Pilot
British Airways cabin crew will announce the result of yet another ballot for strike action tomorrow. Most commentators seem to think that they will again vote in favour but this time there will be fewer taking part in the ballot and possibly a smaller majority. There is also a widely held confidence in the management of the airline that they can ensure the majority of flights will operate throughout any action.
As a captain with BA, I have flown recently with those cabin crew colleagues who believe they must fight on, those who have given up, those who never took up the strike and those who have volunteered from other parts of the airline to break the strike. Sometimes it was all of the above on the same crew which is no basis for the calm and professional service on which my colleagues and the airline pride themselves.
If the predictions are correct, then how should each group behave to enable an end to this marathon dispute? Management are now considered by most people, even the crew themselves, to hold all the power. The union is no longer sufficiently credible when threatening disruption to force meaningful concessions at the negotiating table. The management response to the ballot result should tell us whether they are driven by emotion in seeking to wring every last concession from a defeated employee group or whether they are taking an adult approach and the first steps towards winning back the trust of a key staff group.
If the ballot result is against further strikes, we should see a calm acceptance from the airline, with a magnanimous offer to implement their last or most generous position during the dispute accompanied by an offer to start work on improving relations with Unite. This would signal that their priority now was to return to high service standards and a normalised relationship with their employees.
If the vote is in favour, but without a real majority of the membership in a small turnout, it is Unite's response which will be more instructive. Would it argue that a mandate had been provided by that minority of loyal or foolhardy members, despite the majority being too apathetic or disillusioned to vote? If so, the union would be driving its members further down the current blind alley.
Unite not covered itself in glory with this dispute so far, and some imaginative thinking is needed to get out of the hole it and its members are now in. The BA-Iberia merger has presented an interesting opportunity. If the ballot is won, but weakly, Len McCluskey should take the opportunity to sit with the new chief executive officer of BA, Keith Williams, and these fresh personalities should seek to agree a new approach. This could be the same position BA management might adopt if the vote was against strike action the most generous offer of the company paired with a move towards normalisation of relationships.
For the sake of the passengers, shareholders and all the staff, both union and management must seek an adult end to this dispute. They must both realise that key workgroups cannot be both bullied and expected to deliver either loyalty or excellent customer service. They must both realise that the problem has not gone away with any of the solutions so far suggested in reducing crew complements by one, it is not the cost of supplying the service which has been reduced, but the level of service itself. So there is a need to continue talking, to recognise that a business needs to remain competitive and that employees have mortgages to pay and children to clothe and feed.
Of course, both sides could stand in front of the nearest TV camera later tomorrow, blame the other, signal further conflict and waste the best opportunity to solve this question for over a year. The vast majority of those who are connected with BA would be thoroughly disappointed with such a negative and emotional response. Let us hope that all sides take the opportunity of the change in leadership to find a sensible way out for everyone.|
|RIP BAY shares, you was a good share to trade, so predictable... paid for me and my missues RTW trip... a good few times at least. I wonder if shareholders in the new group will be given discounts on flights (across the entire group).|