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Genel Energy Share Discussion Threads
Showing 10376 to 10399 of 10400 messages
|you forgot share price 40% less with equiv brent price of a few months agoso now an even bigger bargainjust no reason to own this at the moment, all other boats up with rising poo, this is going down...|
|26 GOLDEN REASONS TO BUY GENEL UPDATED (Today)
Trading Statement on Wednesday.
£ down 20% against the dollar
Oil at 52$ a Barrel
KRG Record production & revenue for 2016
Moroccan drills farmin due to be announced soon
New Iraqi Oil Minister
Debt to Equity less than 1
Possible Kurdistan Ind�pendance vote
Some of lowest Production cost in the world.
2D Seismic to start in Somaliland in December (massive area)
Payment of 45$ million arrears due any day .
Massive Gas fields development being planned
Market cap 7x less net assets
Positive IMF meeting involving KRG
2.5 billion dollars in net assets
Tawke gross production up to 135k bopd from Jan 2017
Largest KRG oil in Sept for over a year.
Over 400$ million dollars in the Bank
10% owned by Major Turkish Energy company
5% now owned by Fidelity International
Oil & Gas law positive statement
ISIL on verge of being defeated
Opec Production Deal rubber stamped on November.
Americian oil production down last few weeks.
Breakeven at less than 20$ per Barrel|
|It says paid not allocated. So where is the RNS to confirm the payments received. Very strange . Genl should clarify the position.|
Wednesday is the trading and operations update
here is the download for September production data KRG as you can see payments
allocated to the contractors is up 15 mill to 75 mill check my post 9937 for August sales to compare
|whats happening on wednesday?|
FEED is not due to be completed unit the end of year so I doubt it finished yet. The issue is getting a partner to sign up with us which for 3 years we have failed to do.
The last update did not sound very positive and said words like "working towards getting a partner by end of year"
We shall know all on Wednesday......
Good Luck Hawkey|
|I thought some news about gas was due soon after Peshkabir-2 spudded, does anyone know ?
Gemell were awarded the pre-Front End Engineering Design (‘FEED’) contract for the midstream facilities to Fluor, expected to complete by the end of 2016. Once the pre-FEED identifies the location of the midstream processing facilities, a consultant will be selected for the Environmental and Social Impact Assessment.
Anyone know if the FEED is complete?
And finally, any news or timetable for Miriam?|
|plenty of time before the bonds arer due for maturity.over 2 1/2 years left.
hopefully by then they will receive their backpayments and the gas project will be at an advanced stage.|
|yup and next payment will shot the price upto about 106 then whilst we wait for next payment the shorters take it back to around 89p I think we are on the 4th iteration of that scenario.|
|Lack of Payments from Kerds is the main reason for the depressed share price currently. I am assuming this is the case due to lack of any RNS confirming any payments.|
|I am back in, started buying today, genel is lagging the rest of the
market by a country mile. peeps will flock here soon as we play catch up
|Hello wantmorethan24p cant see your post but always a good sign we are near the bottom when you turn up. I will get my limit buy in.|
let the Mosul offensive end first.|
|SP still going down :-(|
cool hand kev
Can someone explain how our PSC works. For example whats the difference between oil at 40$ or 50$. Does this difference go to KRG, US or shared.
For example in February we were paid 6$ a barrel for Tawke oil and in August we were paid 8.5$ per barrel.
Any ideas ???|
|ERBIL, Kurdistan Region Norwegian oil and gas company DNO ASA on Wednesday reported the completion of three new production wells at its flagship Tawke field in the Kurdistan Region, saying it was part of a stepped-up drilling program that began in July.It said the Tawke-31 well "will be brought on production following an acid stimulation program," and that Tawke-33 and Tawke-34 "are also being readied for production."Drilling will also begin at a fourth well, Tawke-37, next week, the company said in a statement."The four wells are expected to cost less than USD 20 million in total and add about 10 percent to field output capacity," the company added.Tawke production during the third quarter averaged 109,159 barrels of oil per day, of which 108,759 bpd were delivered for export through Turkey, the DNO statement said.|
|Basically many oil fields are profitable at 60$ a barrel oil but these are limited and when they are gone they are gone.
Then its back to the mega billion projects which make a price of 90$ a barrel necessary.....
Glad we are drilling in one of the cheapest areas of the world with 1.5-1.75$ production cost per barrel...
Glad Im in GENEL.
Good Luck All
Hawkey goes back to the corner.......
gregpeck7 I would be pretty sure we will get a payment next weeks as KRG statement said 75$ million would be paid to producers for previous oil.......but its the KRG ???
To be honest with increased production which is up by 150k per day due to Kirkirk, and a better oil price per barrel I would hope our troubles are behind us but...WTFDIK
Hawkey The Positive|
|Hawkey... Could you stop trying to ramp this as you seem to have a negative effect on the SP?|
|Any views on when the next payment may land or is it quite random?!|
|certainly GENL could get a considerable move upwards if sentiment were to change somehow, more payments at increasing value might help|
|Boom as in all assets blown up by isis?|
|Amazing destruction of wealth on the SP|