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| Share Name | Share Symbol | Market | Stock Type |
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| Genbel S.A. | GSA | London | Ordinary Share |
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Posted at 20/4/2011 23:01 by livic1971 Some comment, hard to know what to make of it as I haven't signed up.Oil company shares fall after delay in Takutu well results seeks new drilling permit By Stabroek staff | View Comments Local News | Wednesday, April 20, 2011 For Full Access Login OR Subscribe Now - for as low as 25 cents a day The consortium that recently completed drilling an exploratory oil well in the Rupununi has applied for permission to begin drilling another but the delay in releasing results of the first well has seen Canacol Energy Inc's stock drop towards the lowest closing price in seven months. Canacol holds the largest interest in the first well, the Apoteri K-2. It continues to drill and test the well, Kevin Flick, head of investor relations for the company told Bloomberg yesterday. Flick had earlier told Stabroek News that they will be reporting the results to the market and noted that the well is quite material to them as a public company. Officials here are mum on results from the well. However, a Region Nine official yesterday told this newspaper that while there have been no firm results from the first well, the consortium has applied for permission to drill a second well. Canada-based Groundstar Resources Inc has a..... |
Posted at 31/1/2011 16:33 by ajibril90 Not sure Robbo, investors have had a good week to take action on the back of the Pescod report.. but similarly can't be any news on QD or Guyana because of the lack of movement in VAST and SAGRES' price. |
Posted at 04/1/2011 12:50 by panagos Time for the STAR to get-off the GROUND??CALGARY, ALBERTA--(Marketwire - Jan. 4, 2011) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Groundstar Resources Limited (TSX VENTURE:GSA) ("Groundstar" or the "Company"), in conjunction with Energean Oil & Gas, is pleased to announce the spud of the West Kom Ombo - 1 exploration well on the West Kom Ombo block in Upper Egypt. This is the first exploration well of two firm commitment wells and two additional optional wells with a capital expenditure of up to US$30 million gross. Groundstar is carried for a 10% net interest through the exploration drilling stage. The well is located in Area A on a fault controlled closure defined by seismic data. An active petroleum system has been proven at the Al Baraka field in the adjacent block to the east operated by Dana Gas Egypt. It is anticipated similar geology will be present in Area A. The well will drill to approximately 2,370 meters and is expected to reach total depth in about 45 days. After completion of drilling, the rig is expected to move to drill Prospect B, about 100 kilometers to the southwest. Groundstar is extremely excited to participate in the drilling of another high potential exploration well that follows the currently drilling Qara Dagh - 1 well in Kurdistan, Iraq, and the spud of the Apoteri K-2 exploration well on the Takutu Petroleum Prospecting Licence (PPL) in Guyana. The Company extends their appreciation to Energean for their dedication to the project and looks forward to a successful drilling campaign. About Groundstar Resources Limited Groundstar is a publicly traded Canadian junior oil and gas company actively pursuing exploration opportunities in Guyana, North Africa and the Middle East. About Energean Oil & Gas Energean Oil & Gas is a private international upstream oil and gas exploration and production company with a Mediterranean and North African Basin focus with oil and gas operated assets in Greece and Egypt. Energean Oil & Gas operates the offshore East Magawish concession in the Gulf of Suez and is the operator of West Kom Ombo Block. For further information about Energean Oil & Gas please visit www.energean.com. This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, anticipations, expectations, opinions, forecasts, projections, guidance or other similar statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses and health, safety and environmental risks), commodity price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For more information, please contact Groundstar Resources Limited Kam Fard President (403) 265-2549 kfard@groundstarreso or Groundstar Resources Limited Jason Krueger, CFA Investor relations (403) 374-1234 jason@redwood-capita Click here to see all recent news from this company |
Posted at 17/12/2010 15:53 by robbo126 Spnk, I can totally understand why you have done that, although I still have the opinion that the better value is still here. Here's why...The risked value (My calculations, it serves me no purpose as an investor to be biased though, so they are pretty accurate) of GSA in total (all assets) is 748.76%, while the risked value of the 3 prospects they are / will be drilling in the very short term is 329.11%, at the current share price. The risked value of VST at it's current share price is 216.13%. However, if you believe that VST will prove QD to be much bigger (on this drill alone) then the CPR has stated, then VST's risk value will slowly catch GSA's. So if you believe VST and GSA will prove QD to be 7bn OIP from the Cretaceous and 3bn OIP from the Tertiary then VST have a risked value of 533.46% and GSA have a risked value of 526.35%. Hope this helps people understand the differences between the two investments and as ever, it's your own perception to which is the 'better' investment. Good luck all. |
Posted at 20/10/2010 14:33 by robbo126 Well for QD only, VST does offer better value (GSA @ 33-34c would be the same value), but it depends how risk adverse you are as an investor. For example, for an extra 4-5 cents, you can lower your level of risk in the overall investment, while having even more upside if you include these other 'risk reducing' assets. So IMO GSA still offers better overall 'value' for money.Remember Guyana has a >50% chance of COMMERCIAL success with no capital outlay and a mean unrisked value of $1.80 or 4.5x your money, for an extra 4-5 cents a share (10-15% a share). Add Egypt to this an you get even better value at no current capital cost to the company. |
Posted at 12/10/2010 21:01 by panagos FrOm SH:VST dropped to 55 cent last week, without any good reason, it seemed. Only 2 thing could explain the drop: 1. No oil 2. PP And my conclusion was that, IF VST was preparing a PP, that would tell me that they had hit oil, and that they were handing out presents to some favored investors. Well VST come out with news about a PP on friday, and the market had drown the same conclusions, thus the shareprice went up more then 20%. So I think VST has hit oil. Because VST only has Qara dag, their valuation should give us an idea of what GSa should be valued at. My math says that GSA should be valued at about 24 Mcad atm, comparing with VST. And thats where we are today. The Guyana and Egypt drilling are NOT included in the shareprice! I think the Guyana drilling is VERY likely to hit oil. So now we have 2 great project that are very likely to hit oil.... And GSA is only valued for their part of Qara Dag... I did some baby math, and I come up with figures between 6-12 Cad per share IF we hit oil in kurdistan and guyana... Given that potential... todays valuation of GSA is a great great opportunity. I bought and made my friend buy aswell. Hold strongly to your shares! Best Regards from Sweden |
Posted at 27/8/2010 00:50 by robbo126 WaleriuszWatrobka... thanks, if I do decide to do it, I will probably ring them before hand to be extra safe!Julian... exactly my thought in regards to Vast more likely to reflect and realise, upon a find at QD, true value, however if we do strike commercially in Guyana then analysts and larger investors have got to take in account GSA's share of the find. They wouldn't or shouldn't be investors if they didn't try and find the best value, which if GSA keeps getting left behind, it surely will be? |
Posted at 12/8/2010 17:05 by panagos I think Jason is handling groundstar's investor relations. |
Posted at 31/3/2010 17:17 by miamisteve (skip to posts)ChartsLong Term ChartTSX Price6 Month Chart with VolumeCompany Website ASSETS 1. Kurdistan
- 846sq km. 6% net participating interest. Qara Dagh Block in Sulaymaniyah, Kurdistan. Initial Seismic indicating 2.7bn Oil in Place. 162m barrels net to Groundstar.2. Egypt - 31,520sq km. 10% carried interest*. West Kom Ombo Licence. Gustavon seismic covering only a small portion of licence, net recoverable Oil to Groundstar 57m barrels. Spudded 4th January 2011 (45 days to drill)3. Guyana - 7800sq km. 10% carried interest until production + GSA receive $45,000 a month as operating fee. Karanambo Prospect appraisal well spudded December 2010 ( 50 days to drill). Net estimated recoverable to Groundstar 12.8m barrels. Free carry on second drill ( estimate Rewa 17.1million barrels net or Pirara River 13.3million barrels net) Extremely good terms75% profit till recovery of costs, and 50% profit share with no royalties or taxes4. Cash - Estimate $4m will be remaining after paying back $2m loan after West Kom Ombo Sale.CORPORATE INFORMATIONAs of October 31, 2009:Shares issued: 67.9 millionOptions: 5.3 millionWarrants: 1.3 millionDebt: nilVAST EXPLORATION COMPARISONVAST has 240.5m shares fully diluted and 34% of Qara Dagh Licence. Groundstar has 74.5m and 6% of Qara Dagh.Fair value comparison on Qara Dagh would mean Groundstars share price should be trading at 56% of that of VAST, which would value Groundstars other assets at nil.INVESTOR RELATIONS INQUIRIES:Jason Krueger, CFAT: (403) 374-1234F: (403) 263-6789Web: www.redwood-capital. |
Posted at 30/3/2010 15:34 by chlo3 Anyone else in this ? Looks to me like a cheaper way to get in to the excellent VST block. Fundfemale editor of the koep board on iii posted this on the stockhouse boardMy rationale in investing here is based on the huge value impact which significant finds for Heritage Oil and Gulf Keystone have had for investors in these UK shares. In May 2009 the Heritage find added approximately 400 million GBP/616 million CAD to their market capitalisation following the test results at Miran-1 in May 2009 (2.4-4 billion barrels), a multi billion barrrel find for Gulf Keystone in August 2009 added a similar amount to their market capitalisation. Interestingly, although GKP have had an additional find at Akri-Bijeel with MOL and have had a potential 13 billion barrels independantly valued by DGA at Shaikan-1, the valuation has not increased since October for GKP. Likewise the shareprice has not gone beyond that achieved by Heritage after the Miran West find in May 2009. Both companies have fantastic additional prospects to drill, Heritage has huge acreage with Miran west-2 currently being drilled and Miran East still to be explored. GKP have this week doubled their license entitlement. Still the share price does not move higher. The value transformation for these Kurdistan explorers to date has been in recoginition of a find - other factors, prior to hydro-carbon commercial agreement with the KRG and ICG have had no impact on the share price So we expect a find at Qara Dagh, for sure and I for one am only invested in VST/GSA for this catalyst. If we broadly anticipate that a find at Qara Dagh in the league of Heritage/GKP occurs (with spud in mid-April and the first target zones being reached about a month later in May), I anticipate a value increase for Vast in the region of 650 million CAD and on a pro-rata basis it would be logical to project an increase of 104 million CAD for GSA. I therefore currently project that the value of a multi-billion barrel find at Qara Dagh would transorm the value of Vast by a potential 3.3 times current market cap/sp and GSA to 4.1 times hence my enthusiam to invest here, along with obvious takeover potential for 6% QD interest. For me the Canacol spud in Guyana is added bonus and offers fall-back potential where vast does not. Best wishes all investors for multiple returns here Q2 2010. |
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