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GPC Genesis Petro

8.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Genesis Petro LSE:GPC London Ordinary Share GB00B1435395 ORD 3P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Genesis Petroleum Share Discussion Threads

Showing 4451 to 4474 of 4775 messages
Chat Pages: Latest  179  178  177  176  175  174  173  172  171  170  169  168  Older
DateSubjectAuthorDiscuss
05/9/2008
09:02
Just bacxk from the hols & reading in!!!
Having been to NPE, there seems to be a story developing about the value of the 9 area, which seems to be hotter than perhaps we knew over here.
I have borrowed a few leads:
Information on the Silverstone Energy website about Block 9.

They have interests in a number of Block 9 sectors.

StatoilHydro have taken a stake in Block 9/16



https://www.og.berr.gov.uk/dti-lift/DTI_licence_data_release/data_by_company_and_block/data_by_company_and_block.htm





Quad 9 Play


Silverstone was successful in continuing its large 22nd round block in the Mariner- Gryphon area and acquired a CSEM survey and a 3D survey in 2007. Additional part blocks were awarded to Silverstone in the 23rd and 24th Licensing Rounds. Industry focus on the Quad 9 heavy oil trend is increasing after a four year hiatus and we expect to see four other wells drilled offsetting our acreage before the end of 2008. Following their recent acquisition of Chevrons Bressay and Mariner Fields, we may also see the sanctioning of the 14 degree API Mariner discovery by StatoilHydro in the medium term, often cited as the largest undeveloped oil accumulation in the North Sea.

StatoilHydro farmed in to Silverstone's interests in the area in late 2007, and a Tertiary oil test is scheduled before the end of 2008.

haydock
04/9/2008
19:53
This is the detail re: 9/5b-5A

Well Registration No. = 9/05b- 5A
Original Intent = Exploration
Country Code = United Kingdom
Onshore/Offshore = Offshore
Quadrant No. = 9
Block No. = 5
Block Suffix = b
Platform = NULL Value
Drilling Sequence No. = 5
Wellbore Type = Re-Spud
Primary Target = EAG
Slot No. = NULL Value
Spud Date = 03-SEP-2008
Date TD Reached =
Completion Date =
Completion Status = NULL Value
Total MD Driller(feet) = NULL Value
Total MD Logger(feet) = NULL Value
TVDSS Driller = NULL Value
Datum Elevation(feet) = 87
Datum Type = RT
Water Depth(feet) = 326
Ground Elevation = NULL Value
Deviated Well = Deviated
Top hole Latitude = 059 58 42.685N
Top Hole Longtitude = 001 50 26.849E
Geodetic Datum = ED50
Coordinate System = ED50
Bottom Hole Latitude = NULL Value
Bottom Hole Longtitude = NULL Value

Think we could expect an RNS sometime tomorrow or Monday latest

jimarilo
04/9/2008
19:49
Hi Norman,

Thanks for the post and after some nosing around I found you are quite right

This is the detail from well 9/5b-5

Well Registration No. = 9/05b- 5
Original Intent = Exploration
Country Code = United Kingdom
Onshore/Offshore = Offshore
Quadrant No. = 9
Block No. = 5
Block Suffix = b
Platform = NULL Value
Drilling Sequence No. = 5
Wellbore Type = Initial
Primary Target = EAG
Slot No. = NULL Value
Spud Date = 26-AUG-2008
Date TD Reached = 30-AUG-2008
Completion Date = 02-SEP-2008
Completion Status = Abandoned
Total MD Driller(feet) = NULL Value
Total MD Logger(feet) = NULL Value
TVDSS Driller = NULL Value
Datum Elevation(feet) = 87
Datum Type = RT
Water Depth(feet) = 329
Ground Elevation = NULL Value
Deviated Well = Deviated
Top hole Latitude = 059 58 42.728N
Top Hole Longtitude = 001 50 23.960E
Geodetic Datum = ED50
Coordinate System = ED50
Bottom Hole Latitude = NULL Value
Bottom Hole Longtitude = NULL Value

jimarilo
04/9/2008
16:07
If the price dropped because of the drilling problems (seems to fit the information to hand), it tells me that the information on the well is leaky and that it will likely move ahead of the results being formally released.
Norm

normannumpty
04/9/2008
14:09
rdpounder,

We might see a few "T" trades next week, i thought we might have seen more before the 6th as it stated new farm-in partner or Sagex can increase its share to a max. of 50% by 6th September......i just hope it doesn't attract the looney traders......lol

barrywhit
03/9/2008
18:06
Err, no share price rise in expectation of drilling results!?!
rdpounder
30/8/2008
12:16
spurberry,

Read the Research note May 08 above.......

barrywhit
29/8/2008
21:12
where does it say that this block is 50% chance of success and where does it say what it expects to hold?

end of year share price guess if successful?

spurberry
29/8/2008
14:09
It scares weak investors into selling, well that is their theory........never seems to work, only on a share heavily traded, which GPC isn't.......
barrywhit
29/8/2008
13:26
But by dropping the share price don't the MMs run the risk of attracting more buys? Seems potentially counter-productive to me.
investordave
29/8/2008
10:59
Morning All,

Unless there is a delayed sell to show later, then it is probably the MM's
looking for a few shares, as i have said before there aren't many shares in free float as you can see by the share price movement, almost all trades change the price there are only 5 Market Makers trading in GPC........

barrywhit
29/8/2008
09:20
MMs playing games?? Rather a big drop for that, but free stock must be in short supply here??

AB

andrewhbruce
29/8/2008
07:33
anyone any ideas why the drop today
kiwi10
28/8/2008
15:08
North it is Captain
never_say_never
28/8/2008
12:09
Continuing it's journey north
5dally
27/8/2008
14:24
11.5 pence in 2 days,Lets keep the same heading
never_say_never
27/8/2008
10:13
Morning All,

Good news, not heard of Sagex before, Norwegian based.

barrywhit
27/8/2008
06:08
we have our farmin agreement...or at least one of them

Genesis Petroleum Corporation PLC
27 August 2008


Genesis Petroleum Corporation Plc
('Genesis' or the 'Company')

Farm-In to Genesis Licence and Exploration Well


Genesis announces today that Sagex Petroleum UK Ltd ("Sagex"), subject to BERR approval,
will farm-in to the P1281 Licence relating to
UKCS Block 9/5b. Genesis will currently retain an 80% interest in the License with Sagex
taking 20%. Genesis will remain Operator. The Sedco
704 semi submersible drilling rig has commenced operations on the Block 9/5b exploration well
and under the terms of the farm-in agreement,
Sagex will fund their ongoing 20% interest in the block, carry a percentage of Genesis' costs
in the well and pay certain historical costs.

Several other companies have expressed an interest in the Block and it is possible that
other farm-in agreements may be reached before
conclusion of the drilling operation. If no other farm-in agreements are reached by 6th
September, Sagex has an option to increase its
interest to a maximum of 50%.
27th August 2008

Enquiries:

kiwi10
26/8/2008
13:39
andrewbruce,

My thoughts entirely, all bodes well.........imo

barrywhit
26/8/2008
13:31
Intrigued by the RNS..... "they are evaluating offers to farm-in to the license and one or more of these could be finalised before completion of the drilling operations" subject to government approval.

How can you make/accept an offer before the drilling is complete, unless you have a pretty good idea of what's down the hole??!!

ab

andrewhbruce
26/8/2008
12:39
I don't see why not ackland :-)
5dally
26/8/2008
11:48
lets hope so 60p before the close today?
ackland
26/8/2008
11:43
ackland,

We could get there a lot sooner at this rate!!

barrywhit
26/8/2008
10:54
looking at Yahoo finance they are stating £1.08 by the end of year? 100% profit not bad.
ackland
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