Genbel S.A. Share Discussion Threads

[rhubarbe] 25/2/2011 23:03

Did have a proofit here, briefly.

[robbo126] 23/2/2011 19:32

Yep, just all waiting with fingers crossed!

[thelung] 23/2/2011 18:46

miamisteve - 4 Jan'11 - 14:23 - 330 of 430

guyana 50 days from end of Dec

_____________________________________________________

Anyone still out there?

[robbo126] 16/2/2011 03:13

I agree Jf, formality does have it's place and we have known each other long enough, I apologise for my lack of formality and hope to buy you and the other regular GSA posters a few drinks, upon any successful news / takeover of the company, which I believe will happen within months of a successful find at QD or Guyana!

Good luck to us all!

[jfjfjf2] 15/2/2011 21:47

Surely someone wants to make a quick buck.
Robbo - I believe formality has its place, but I think we've known each other long enough for you to call me jf.

[alexwest7] 15/2/2011 19:36

Mad indeed but if you consider pre drill (Egypt spike was stupid on low cos) we are still up and look at gkp pre shakan, 12p-9p. Mad Market it is but will also hopefully make us all better off in the long run. I personally feel the QD drill is becoming almost as painful as mol on AB!!!!

[robbo126] 15/2/2011 19:32

Jfjfjf... the 50 days included time for testing, so for me, the long it takes to get news, the better!

[jfjfjf2] 15/2/2011 18:05

We are probably within a week of TD on a 90% CoS drill, yet we are languishing at just over 50c. It's a mad market.

JF

[panagos] 09/2/2011 16:38

today from niko:


Kurdistan

Drilling of an exploratory well in the Kurdistan region of Iraq on the Qara Dagh anticline commenced in May 2010. The well had drilled to a depth of 2,522 metres at December 31st and is currently drilling at a depth of approximately 3,000 meters. Geologically, the well has penetrated an anomalously thick lower Tertiary interval containing potential light oil in sandstone reservoirs that displayed fluorescence and cut fluorescence. A significant increase in mudgas readings with free oil has also been observed in the drill mud while drilling through the lower Tertiary. Nine and five-eighths of an inch casing string has been set and drilling continues in a 8.5" hole. The plan is to continue drilling and evaluate the prospectively of the deeper Cretaceous Shiranish, Kometan and Qamchuqa formations and conduct further evaluation of the lower Tertiary sandstones. The Company expects to reach the planned total depth of between 3,500 and 4,000 meters at the end of February. Testing will commence after reaching the total depth. Drilling and related costs are expected to be incurred over the remainder of Fiscal 2011

[jfjfjf2] 07/2/2011 20:04

Strange that no timeframe for completion of the access road was given. I emailed Jason Krueger who said that he didn't know, but a rig on standby is expensive so they would not be hanging about.

JF

[panagos] 31/1/2011 21:11

looks like it's gonna be in the funky 70s before the week is out..

[rhubarbe] 31/1/2011 20:31

Odd though, that we are drilling in Egypt. You'd think that that would....

[alexwest7] 31/1/2011 19:31

So volume up for the first time in a while. Vast having a little. What's the odds on a mishmash of info from the two tomorrow :)

[robbo126] 31/1/2011 17:02

Yes it certainly is Alex, if we hold above 59c, then that will be bullish.

[alexwest7] 31/1/2011 16:58

A GSA rise coupled with deadline day gossip and rumour, feels like Christmas. Good nice to see the buying is staying strong ay robbo? A close above 59c would see us above the 52-week 38.2% fib retrace level...significant...

[ajibril90] 31/1/2011 16:33

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.

[robbo126] 31/1/2011 16:09

Quite a few buys coming in today, too early for Guyana IMO and QD would show in VAST's price, so maybe a late reaction to the Pescod report?

[jfjfjf2] 28/1/2011 17:38

Good find Robbo.

JF

[robbo126] 28/1/2011 16:15

The reason for Sagres' (should apply to GSA aswell, but we weren't named!) share price rise IMO..

Which gets us yet again to Sagres Energy, a junior in Guyana, and we've written about this play before...but never with Kozak talking about numbers this big. We now have to call SGI a lottery ticket, because while words like potential, possible and hoped for, if tiny SGI has an interest in a successful well in this play...this could be huge... or bigger...one of those plays speculators live and sweat for.

In Kozak's report were comments that would make a speculators heart rush and hands go sweaty. Sagres and their partner have the potential for size on their Guyana exploration play. "On their K2 well, they are targeting a prospect with 180 million bbls potential, with results expected in March (it spudded late December) and will follow up with a second well-the Rewa B, a prospect with 300 million bbls potential."

Yes Sagres has sold off more than most junior oils as a private placement has come trade-able, and constant delays have tested even the most patient speculator. And yes this was the play Home Oil drilled 30 years ago with some success, at least by standards of that day. It's a big old world out there, but amazing that of all the big speculative plays out there, two of the biggest this year will be SGI/CNE and CGX Energy, both in tiny Guyana. Which gets us to Union Securities analyst Warren Verbonac, who yesterday tells us his three favorite plays remain the same...Sterling Resources for its long list of exploration plays this year, and Winstar Resources which should be reporting results on their testing in a few weeks and Sagres Energy for their exploration potential. Yes Verbonac is the guy that discovered Xcite Energy (XEL) way back at 35 cents.

[ajibril90] 28/1/2011 16:07

I think Sagres 18% climb is mainly down to the Pescod report.

[thelung] 28/1/2011 14:48

Sagres climb may be down to colombian blocks won under the name of VST.

[miamisteve] 28/1/2011 14:43

safres closed up 18% yesterday and is continuing it's climb now. Guyana drill results in around 2 weeks time.

[miamisteve] 27/1/2011 15:37

Strong upward movement from drill partner sagres energy this week in anticipation of Guyana drill results.

[alexwest7] 26/1/2011 20:01

Lung remember Guyana cos is like 90%. The oil is there already!!!!? The longer it takes the better IMO as if it's a duster then it's done pretty quickly, however if it takes more like 45 days as planned then maybe it's because they are testing something nice?