New City Energy Share Discussion Threads

[wolstencroft] 01/7/2011 08:46

...and I agree after last two days diluted NAV should be 77 or 78p

[wolstencroft] 01/7/2011 08:44

trades this am just me moving a holding between accounts; the 59.00625 will be cancelled as the MM mistyped it.

[energiser01] 30/6/2011 09:19

NAV now up to around 80p again,SP at 60p looking good value, could be due a catchup o NAV.

dyor etc..

[energiser01] 28/6/2011 15:48

Coastal Energy Announces Successful Appraisal Well and Major Field Extension at Bua Ban North B
Jun. 27, 2011 (Marketwire Canada) --

HOUSTON, TX--(Marketwire - June 27, 2011) - Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN) (AIM: CEO) announces the results of two wells drilled at the Bua Ban North B field, offshore Thailand.

The Bua Ban North B-08 well was drilled to a total depth of 5,900 feet TVD and encountered 92 feet of net pay with 28 percent porosity and 25 percent water saturation in the Miocene interval. The B-08 well was drilled on the easternmost fault block of the field and successfully appraised the discovery made by the B-03 well. As a result of the B-08 drilling, the lowest known oil was moved 140 feet lower in this fault block.

The B-07 well was drilled as a water injection well and to establish the oil water contact in the field. The B-07 encountered the oil water contact at 3,824 feet, which was in line with the prognosis based upon previous drilling results. Pressure and log data from the B-08 well indicate that the oil water contact may be deeper on the eastern side of the field.

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[energiser01] 17/5/2011 14:15

good news from Hathor.

Roughrider Doubles in Size as Hathor Confirms an Additional 30 M lbs at 11.58 % U3O8 for the East Zone
Roughrider Doubles in Size as Hathor Confirms an Additional 30 M lbs at 11.58 % U3O8 for the East Zone
May 17, 2011 (Marketwire Canada) --

VANCOUVER, BRITISH COLUMBIA -- Hathor Exploration Limited (TSX:HAT) is pleased to announce the first mineral resource estimate for the East Zone of the Roughrider Uranium Deposit located in the Athabasca Basin, Saskatchewan. The estimate identifies 30 M lbs grading 11.58 % U3O8, and doubles the overall size of the Roughrider deposit, as currently defined.

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[energiser01] 11/4/2011 20:31

Randy Bartley, Chief Executive Officer of Coastal Energy, commented:

"The A-03 well not only significantly increases the oil in place at Bua Ban North A, but reinforces the prospectivity of this part of the basin. Coastal has now discovered an estimated 55 million barrels of oil in place with four wells in less than two months.

[energiser01] 11/4/2011 20:30

Coastal Energy Update - Currently up 9% on TSX.

Coastal Energy Announces New Discovery at Bua Ban North

HOUSTON, TX -- (Marketwire) -- April 11, 2011 -- Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN) (AIM: CEO) announces the successful results of the Bua Ban North A-03 exploration well.

The Bua Ban North A-03 well was drilled to 5,346 feet TVD and made a discovery in the Miocene interval. The well encountered 125 feet of net pay with 28% average porosity. The A-03 tested a fault block which is south of and deeper than the Miocene discoveries in the A-01 and A-04 wells. The Company estimates that this fault block contains approximately 20 million barrels of oil in place.

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[energiser01] 11/4/2011 13:24

Gran Tierra Energy Increases 2011 Capital Program to Develop Recently Acquired Assets in South America

Full announcement at



NAV back up around 94p and rising at present.

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[energiser01] 06/4/2011 10:09

NAV back to around the 93p level.

Last time in early Feb when te NAV was this high the share price was around the 83p mark, and now its around 73p.

Could be due another run up.

RIALTO (currently about 6/7th largest holding around 3.8% of portfolio)

Up around 25% from recent lows.

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[energiser01] 21/3/2011 10:35

Rockhopper on the move from 220 upto arpund 300p at pesent on good news

Rockhopper Exploration plc

21 March 2011

Embargoed: 0700hrs, 21 March 2011

Rockhopper Exploration plc

("Rockhopper" or the "Company")

14/10-4 Appraisal well update

Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to provide the following update on the 14/10-4 appraisal well.

-- Significant reservoir package and hydrocarbon column encountered

-- 33m (108 ft) net pay in good quality reservoir with 20% average porosity

-- Top reservoir encountered 66m (216ft) downdip from 14/10-2

-- Oil Water Contact at 2477m true vertical depth subsea (2503m measured
depth) in main fan indicates to the Company that the southern main sea
lion fan is full to spill

-- Company believes P90 increased significantly

-- Company has significantly increased confidence in commerciality

-- Oil indicated as medium grade similar to 14/10-2

-- Downhole mini Drill Stem Test successfully flowed oil into the well and
indicates better potential flow rates and producibility than at 14/10-2
14/10-4 was drilled 2.3 km WNW of the 14/10-2 discovery well to a total depth of 2801 metres (drilled depth) within the Sea Lion discovery area, and was the first appraisal well on the Sea Lion feature, designed to investigate reservoir presence and oil column at a downdip location.

The well has been successful, proving a thick, high quality reservoir package, a substantial oil column and recognition of the first oil-water contact in the licence to date. The geological prognosis came in very close to prediction.

The top Sea Lion reservoir sands were encountered 66m (216 ft) downdip from the 14/10-2 discovery well. A total reservoir package of 107m (351 ft) comprising four main sands was encountered with a net to gross of 76%. Average porosity is 20% and permeability is over 100 millidarcies.

30m of net pay has been encountered in the upper of the four sands, representing the main Sea Lion southern fan. The gross oil column now proven in the main Sea Lion southern fan is 104m (341 ft).

3 metres of net oil pay is present in the lower sands; these thin oil sands are below the water leg of the upper sands indicating at least one additional oil column. The lower fan encountered in 14/10-2 was neither strongly developed nor prognosed at this location, but the thin lower oil sands at 14/10-4 confirm prospectivity for lower fan sequences developed elsewhere downdip.

A mini-DST (wireline drill stem test) was performed using a dual-packer MDT tool over a one metre interval at 2486 metres (drilled depth) within the oil column. This test successfully flowed oil into the wellbore, providing additional samples and pressure build-up data. These data indicate that flow rates and producibility at the location could be significantly better than at 14/10-2. A single MDT sample chamber was opened on the rig and initial wellsite analysis indicates a medium grade oil similar to that in 14/10-2.

An oil-water contact (OWC) is indicated from cores, wireline logs and MDT pressure and sampling data at a depth of 2503 metres drilled (2477 metres true vertical depth subsea).

The northern fan penetrated by the 14/10-3 well is represented as a thin sand at the base of the main section at this location. The sand was within the water column. Potential remains in the main northern fan updip of this location.

57.5 metres (189 feet) of conventional core was cut in two cores from near the top of the reservoir with 100% recovery. The extensive reservoir information from cores, wireline logs, seismic and wireline MDT test data is being evaluated to establish reservoir extent across the area for both the Upper and Lower fan systems.

Rockhopper believe the results of this successful first appraisal well will significantly increase the contingent P90 volume for this oil discovery. The P50 and P10 contingent volumes will be defined as the appraisal programme progresses through the remainder of 2011.

The well will now by plugged and abandoned as planned. The Ocean Guardian semi-submersible rig will then proceed to drill the Ninky prospect in which Rockhopper has a non-operated 7.5% working interest. Following completion of the Ninky well, Rockhopper intends to drill a minimum of three further appraisal wells on the Sea Lion feature. The Company is currently considering extending that campaign to include additional appraisal and exploration wells.

Following this well, Rockhopper will commence work on development planning for the Sea Lion discovery.

Samuel Moody, Chief Executive, commented:

"Following this positive result we believe Sea Lion is highly likely to prove commercially viable. The well has confirmed our ability to identify good reservoir units on the seismic in our acreage with the sands coming in very close to prognosis. We can now continue to appraise the Sea Lion discovery and to explore additional prospectivity within our acreage with added confidence."

Enquiries:

Rockhopper Exploration plc

Sam Moody - Chief Executive

Tel. [phone] (via M: Communications)

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[energiser01] 21/3/2011 10:10

Nautical 6 month Report/Progress

Commenting on the results Steve Jenkins, Chief Executive Officer of Nautical said:

"The period ended 31 December 2010 has been transformational for Nautical. Success at Kraken and Catcher has been matched by a significant strengthening of our financial position. Cash and deposits at period end of GBP112m and our extensive portfolio provide a robust foundation for significant future organic growth. We look forward to an exciting period ahead as we move our core projects towards development."



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[energiser01] 21/3/2011 09:41

NAV back up to around 92p - 93p after last weeks turmoil.

ZUTALORS - I'd estimate around 3.5% - (Kalahari, Hathor, Mantra)

Horizon Oil - Stanley2 Update

Horizon Oil's Chief Executive Officer, Brent Emmett, commented:-
"This is a pleasing result, with production testing confirming the very good reservoir quality
indicated by earlier logging and formation testing. Preliminary results indicate that the Toro
and Kimu zones can individually produce in excess of the 70 mmcfd rate required by the
development design by a considerable margin.
In summary, the Stanley-2 well has delivered an excellent result in terms of potential for a
material increase in the resource volume and also in terms of well deliverability. Reservoir
evaluation, plant design and export shipping plans are now continuing, towards a mid-year
financial investment decision (FID) on development of the field."


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[zutalors] 17/3/2011 12:00

How much uranium exposure do NCE have ?
Is it still 5% ?

[energiser01] 08/3/2011 16:13

Kalahari in Focus - Adding a few coffers to the NAV...

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[energiser01] 08/3/2011 09:47

NAV now 95/95.5p at present

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[energiser01] 04/3/2011 17:44

NAV back to around 94.5/95p at present.

dyor etc...

[energiser01] 28/2/2011 13:58

Further Presentation from Coalspur

[energiser01] 28/2/2011 13:33

Vermillion 2010 results

Vermilion Energy Inc. Announces Year End 2010 Operating and Financial Results
Vermilion Energy Inc. Announces Year End 2010 Operating and Financial Results
Feb. 28, 2011 (Business Wire) -- Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX – VET) is pleased to report operating and unaudited financial results for the three and twelve months ended December 31, 2010. Financial data contained within this document are reported in Canadian dollars, unless otherwise stated.

2010 Highlights

Exceeded full year guidance with average production of 32,132 boe/d in 2010, compared to 31,395 boe/d in 2009. Fourth quarter 2010 production averaged 35,302 boe/d compared to 30,016 boe/d in the fourth quarter of 2009 and to 31,298 boe/d in the third quarter of 2010. The sharp increase in fourth quarter 2010 production was attributable to the strong performance of three new wells drilled in Australia and ongoing additions from the Cardium light oil program in Canada.
Generated fund flows from operations for the fourth quarter of 2010 of $100.2 million ($1.14 per share), as compared to $94.5 million ($1.07 per share) in the third quarter of 2010. Increased revenues were partially offset by a $10 million ($0.11 per share) increase in cash taxes, including a one-time adjustment related to the elimination of a tax incentive program in France. Full year fund flows from operations in 2010 totalled $363.5 million, a 14.6% increase over $317.2 million in 2009, due primarily to higher oil prices realized in 2010.
Significantly expanded Vermilion's position in the Cardium light oil play in Western Canada and commenced the long-term development of these assets. Vermilion increased its land holdings in the Cardium play during 2010 to approximately 98,000 net acres including over 75,000 net acres (120 sections) of premium quality lands. Vermilion participated in the drilling of 28 Cardium wells in 2010 including 15 operated wells, and continues to improve and refine drilling and completion methods with the goal of minimizing costs while optimizing well performance and reserve recoveries from this significant resource.
Completed and tied-in two development wells drilled in the Netherlands in 2009 at a combined rate of approximately 2,500 boe/d. Two exploration wells drilled in the same program will be placed on production by mid-2011 at an expected combined rate of 2,000 boe/d.
Successfully drilled and completed a three-well program in Australia adding significant near-term production and providing technical support to Vermilion's goal of increasing the sustainable level of production from the Wandoo Field to approximately 9,000 boe/d. The three wells were put on production at restricted flow rates to avoid water coning and to maximize the long term performance of the wells and the reservoir.
Initiated appraisal of the Lias shale oil resource in the Paris Basin in France, which included the recompletion and testing of two vertical wells to gather critical reservoir and fluid information. This appraisal program is best described as "in its infancy" and Vermilion is collaborating with regulators to ensure the protection of the environment and the interests of all stakeholders in this project. Vermilion needs to gather a significant amount of information on this potential resource before we are able to determine either the technical or commercial viability of development.
Added 16.0 million barrels of oil equivalent of proved plus probable reserves in 2010 through drilling and development, replacing 137% of 2010 production and increasing total reserves by 3.1%. Vermilion's proved plus probable reserve life index at the end of 2010 was approximately 11.0 years.
Generated a positive total return to investors of 49.6% for the year ending December 31, 2010. Over the past five years, Vermilion has generated a compound annualized rate of return of 16.3%, placing Vermilion in the top quartile of its peer group.

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[energiser01] 25/2/2011 10:04

Updated presentation from Rialto (18/2/11)

Looks set-up well for good growth/upside 2011/12



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[energiser01] 25/2/2011 10:03

Updated presentation from Rialto (18/2/11)

Looks set-up well for good growth/upside 2011/12



dyor etc..

[energiser01] 25/2/2011 09:55

Coalspur top holding at 10.8% at end of Jan11.

More Good news


NEWS RELEASE
February 25, 2011
NEW SILKSTONE SEAM INTERSECTED OVER 16KM
STRIKE LENGTH AT VISTA
Highlights:
 Analysis of initial drilling intersections have further defined the Silkstone coal seam
which is currently not included in Vista's Coal Reserves
 Preliminary observations indicate that the Silkstone seam could be present over a
16km strike length within Vista
 Initial geological interpretation of recent drilling and previous technical studies
indicate that the Silkstone seam is shallow dipping, has thicknesses up to 4.5 metres
and has surface mining potential
 Second phase development core drilling program will be aimed at providing further
information for geological and coal quality modelling of the Silkstone seam
 Historical coal quality data indicates that the Silkstone seam will be suitable for
export

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[energiser01] 25/2/2011 09:48

Impressive results fom Gran Tierra

I have them just outside the top 5 portfolio holdings at present..around 4.3%was 4th largest at5.3% at the end of sept10. asummes no sales/purchases we are not aware of.

full release



Gran Tierra Energy Announces Fourth Quarter and 2010 Year-End Results
Gran Tierra Energy Announces Fourth Quarter and 2010 Year-End Results
Feb. 24, 2011 (Canada NewsWire Group) --

Company Reports Record Levels of Proved Reserves, Production Volumes, and Revenues -
Cash and Cash Equivalents Balance Grows to $355 Million

CALGARY, Feb. 24 /CNW/ - Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE Amex: GTE, TSX: GTE), a company focused on oil exploration and production in South America, today announced financial and operating results for the quarter and year ended December 31, 2010. All dollar amounts are in United States dollars unless otherwise indicated.

Highlights for the year include:

Record average annual production of 14,325 barrels of oil per day ("BOPD") net after royalty ("NAR"), a 13% increase in average daily oil production from 2009, and record fourth quarter average production of 15,792 BOPD NAR;
Record proved reserves of 23.6 million barrels of oil ("MMBO") NAR, after producing 5.2 MMBO NAR during 2010;
Record proved plus probable (2P) reserves of 31.0 MMBO NAR, and record proved plus probable plus possible (3P) reserves of 47.3 MMBO NAR;
Record revenue and other income for the year of $374.5 million, an increase of 42% from $263.7 million for 2009;
Record funds flow from operations of $203.4 million compared to $159.5 million for 2009;
Net income of $37.2 million or $0.15 per share basic and $0.14 diluted, compared to net income of $13.9 million or $0.06 per share basic and $0.05 diluted in 2009;
Cash and cash equivalents of $355.4 million at December 31, 2010 compared to $270.8 million at December 31, 2009. Gran Tierra Energy remains debt free;
Acquired 70% working interest and operatorship in four blocks in the Recôncavo Basin of Brazil, pending regulatory approval;
Successfully drilled and tested the Moqueta-1, -2 and -3 exploration and delineation wells in the Moqueta oil discovery in Colombia;
Successfully bid on 3 exploration blocks encompassing 1.5 million gross acres in Colombia's Open Round 2010; and
Acquired a 20% interest in 6.7 million gross acres in three contiguous blocks adjacent to Gran Tierra Energy's existing blocks 122 and 128 in Peru and acquired a 60% working interest and operatorship in Block 95 in the Marañon Basin, all pending regulatory approval.
"In 2010, Gran Tierra Energy successfully executed on its strategic initiative to enter Brazil and continued to grow its land position in Colombia and Peru. In parallel, successful execution of our exploration and development programs resulted in record levels of production, reserves and cash flow, in spite of delays to programs driven primarily by certain extended permitting processes," said Dana Coffield, President and CEO of Gran Tierra Energy. "The successful execution of our strategy to date has positioned Gran Tierra Energy with a very strong debt-free balance sheet, a vast land position in four countries, and a significant exploration drilling campaign budgeted in 2011. The recently announced arrangement agreement to acquire all the issued and outstanding shares and warrants of Petrolifera Petroleum Limited has the potential to significantly expand an already diverse portfolio of drilling opportunities and new venture initiatives to further complement our business growth in the coming years," concluded Coffield.

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[energiser01] 25/2/2011 09:30

WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or the "Company") is pleased to announce that is has priced its previously announced overnight marketed best efforts private placement of common shares (the "Shares"). The syndicate of agents led by TD Securities Inc. and Scotia Capital Inc. and including Macquarie Capital Markets Canada Ltd., RBC Capital Markets and Stifel Nicolaus Canada Inc. (collectively the "Agents") will sell 83,350,000 Shares at a price of $0.48 per Share for gross proceeds of $40,008,000. WesternZagros has also granted the Agents an option to place up to an additional 20,850,000 Shares at $0.48 per Share at any time up to 2 business days prior to closing. If this option is fully exercised, total gross proceeds will be $50,016,000. The net proceeds of the offering will be used for: the drilling of the Company's Sarqala-1 re-entry well and the Mil Qasim-1 exploration well; future exploration on the Company's oil & gas properties; working capital; and for general corporate purposes.

Shares issued under the offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.

Closing of this offering is expected to occur on or about March 10, 2011 and is subject to receipt of all necessary regulatory approvals including that of the TSX Venture Exchange.

[energiser01] 24/2/2011 13:53

Issuer Name: Westernzagros Res. Ltd.
TSX-V Ticker Symbol: WZR
Time of Halt: 15:51 ET
Reason for Halt: Company Request Pending News