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GSA Genbel S.A.

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0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Genbel S.A. LSE:GSA London Ordinary Share ZAE000010054 ORD ZAR0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% - 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Genbel S.A. Share Discussion Threads

Showing 501 to 522 of 550 messages
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older
DateSubjectAuthorDiscuss
23/5/2012
14:12
ORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (11,451.78, up 171.15 points):
Manulife Financial Corp. (TSX:MFC). Insurer. Up 30 cents, or 2.73 per cent, at $11.29 on 5,295,810 shares.
Ithaca Energy Inc. (TSX:IAE). Oil and gas. Up 49 cents, or 21.68 per cent, at $2.75 on 4,595,491 shares.
IAMGOLD Corp. (TSX:IMG). Miner. Up one cent, or 0.1 per cent, at $9.95 on 4,379,550 shares.
Eldorado Gold Corp. (TSX:ELD). Miner. Up 19 cents, or 1.71 per cent, at $11.31 on 4,292,309 shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Up two cents, or 0.2 per cent, at $10.70 on 3,960,411 shares.
Neo Material Technologies Inc. (TSX:NEM). Rare earth. Up 13 cents, or 1.28 per cent, at $10.32 on 3,911,316 shares.
TSX Venture Exchange (1,246.75, up 18.87 points):
J.A.G. Ltd. (TSXV:JML). Miner. Unchanged at eight cents on 4,632,000 shares.
Groundstar Resources Ltd. (TSXV:GSA). Oil and gas. Unchanged at two cents on 4,512,500 shares.
Companies reporting major news:

panagos
25/11/2011
17:12
Guyana's energy sector: Prospects and pitfalls
By STABROEK STAFF | 0 COMMENTS | BUSINESS EDITORIALS | FRIDAY, NOVEMBER 25, 2011
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Last Monday's discourses between some of the country's business and political leaders and senior representatives of Canada's Newfoundland and Labrador Offshore Petroleum Board (C-NLOB) may well have attracted a great deal less public attention than merited on account of the understandable preoccupation with next Monday's general elections. Nevertheless, when the focus of the engagement titled "preparing for offshore energy resources – the Atlantic Canada Experience" is examined, it becomes clear that it marked clear signs of a process of preparedness for a new and particularly significant chapter in Guyana's economic history.

The Canadian visitors are among the very top officials of an important oversight and regulatory body in Canada's oil and natural gas sector and their visit here sends perhaps the clearest signal yet that Guyana is currently in the throes of becoming an energy producer with all of the implications of realizing such an important economic milestone.

What the visitors sought to do was to offer Guyana expert guidance on the process of preparing for an oil economy, which, according to Canada's High Commis-sioner to Guyana David Devine, Guyana is one the verge of becoming. According to High Commissioner Devine "the vast reserves of hydrocarbons present in Guyana's offshore (areas) represent the promise of a better future for all Guyanese."At the same time he alluded to the importance of taking the correct steps to "prepare for the benefits this bonanza will bring that will be shared by all sectors of society".

The prospects are, to say the least, exciting. Guyana's potential as a producer of oil and natural gas has been alluded to by respective governments as far back as the 1970s and the frustration of an economy that has proceeded in fits and starts over that period renders the prospects of large-scale oil exploration in Guyana all the more exciting. Certainly, we can anticipate significant increases in revenue that will provide funding for social and infrastructural development projects, education, health services and job creation. We can also look forward to the development of new skills associated with both the energy sector itself and with the various downstream industries. The energy sector will also provide more than enough revenue to invest in the necessary training for the range of skills that will be required in areas such as maintenance of oil extraction rigs and machinery and other specialized communication and other equipment associated with the industry.

If all this might seem more than a little intoxicating, High Commissioner Devine issues a caution which, in our particular circumstances, we would well to be mindful of. Sudden and significant increases in countries' earnings have not always boded well for their development. Indeed, as the High Commissioner put it, "too many times citizens have seen their hopes of a better life go unrealized."

In his own contribution to the forum Prime Minister Samuel Hinds, feeling perhaps less fettered by the constraints of diplomacy than the Canadian envoy was less succinct in outlining the consequences of failure to create regulatory frameworks for managing a potentially lucrative energy sector. He referred to unnamed countries where such failure had led to the creation of an environment that facilitated rampant graft and corruption. Examples of such practices have been well-documented in several countries including Nigeria, Mexico, Russia and Azerbaijan and in each of those countries abundant oil wealth has not done anywhere near as much as it can for raising the standard of living and eradicating poverty.

Even without the benefit of an energy sector Guyana is no stranger to graft and corruption and it is by no means inconceivable that in the absence of the regulatory measures to which both the Canadian High Commissioner and the Prime Minister alluded, Guyana can become swallowed up in an even deeper quagmire of corruption that could witness the failure to deploy the resources from the energy sector to other deserving areas of national life. There is, too, the danger that an oil-rich Guyana can become afflicted by what is known as the "Dutch disease," a phenomenon that describes the decline in the manufacturing, agricultural and other sectors once oil wealth begins to kick in.

As yet, at least as far as we are aware, there is little work being done to create the regimen of regulations that will protect us against the pitfalls that could derive from becoming an oil-producing nation. Apart from the considerations associated with protecting the returns of the industry from what so often appears to be profligate and unaccounted for public spending, there are also considerations that have to do with protecting the environment and ensuring the safety and health of the people who will have to work in the sector. The privilege of being an oil-producing nation brings with it both power and responsibility and last Monday's forum provided a timely and, in Guyana's particular circumstances, relevant reminder.

panagos
15/9/2011
10:42
Got another 40.000 of these recently.

CALGARY, ALBERTA--(Marketwire - Sept. 14, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Groundstar Resources Limited (TSX VENTURE:GSA) is pleased to announce that the operator, Aegean Energy Egypt Limited, a subsidiary of Energean Oil and Gas, has entered the second Exploration Extension in West Kom Ombo, with an exploration period of 3 years ending September 16, 2014. Groundstar has a 10% working interest in this block that is carried by Aegean.

A high resolution aeromagnetic survey over the entire concession is scheduled to commence shortly. The purpose of this survey is to identify potential prospective areas in this vast concession. Based on the aeromagnetic survey results, a 2D seismic program will be embarked upon, to identify exploration drilling targets for this period. The minimum work commitment for this phase is drilling of 2 exploration wells with a total financial commitment of US$5.00 million.

panagos
21/7/2011
21:06
Damn! Another oil share for the bottom draw/long term now.

Anyone see any light on the horizon here?

jimmy mcnulty
15/5/2011
15:59
Looks like QD is kinda all or nothing for us at the moment. Latest Canacol presentation (uploaded last night) said there wouldn't be another well in Guyana until Q4 (they are now operators also) and it will be on the REWA prospect as opposed to another well on the Karanambo site (my personal preference).

Alex

alexwest7
06/5/2011
05:22
from a birdofpray over at SH:

Just spoke to Jason in IR. Said he didn't know of any concrete reason for the share price rise in the past couple of days. No hard news. Only thing he could think of that possibly has had an impact was the 150,000 share purchase of the President. Might have instilled some confidence in the play.

Egypt is by no means dead, news in the coming weeks; Guyana will drill the second well by May/June, confidence still high; Kurdistan will have results in June. (sidenote: confidence still very high. Worst case scenario they go back and asssess the 2 pay zones they've hit so far)

That's all folks.

panagos
05/5/2011
13:33
cheers pana, ditto on the top-up side of things, epically when I could of got more for the less than the Directors. I reckon if we see another Guyana spud before the end of may it's a even money bet as to what results we get first....Guyana or Kurdi land. Here's hoping the are at least phenomenal either way!
alexwest7
05/5/2011
13:07
Thelung - I personally think we were due a good bounce. Guyana was carried and we still have another shot, it was an over reaction to sink below the 12 month low. I was extremely disappointed and shocked at the P&A as it certainly jeopardises the field size however I won't start having concerns about Guyana unless they move from K-2 area and drill speculatively on Rewa or Pirara. Clearly the management are confident at these prices given their reported buying in the 20s which lead to the bounce IMO.

Pana - In response to what you wrote on the VST board I would agree VST are cheaper but personally I feel this is fair compensation for the additional risk and Columbia seems like a bit of a non issue given the long time scale of things over there. I certainly have more confidence in QD after the last release and am inclined to agree with what Butcherano said re:they must be confident with QD or why would they have effectively thrown their Columbian interest away (though having just written that looking at what sagres has said about the Columbian assets all of this looked finalised before the Ali G find, hmmm). Either way VST can't go much lower....can it? What are your thoughts on GSAs cash position, the recent MD&A gave a balance of $ 2,515,012 on the 31st of Jan but it looks like Kurdistan is really starting to hit them. They aren't owed any more Egyptian money are they?

alexwest7
04/5/2011
17:04
What g'wan?
thelung
25/4/2011
16:22
Thanks, appreciated.
panagos
25/4/2011
14:32
I'm surprised at the share price action with VST. Last QD update seemed quite reassuring withg the encountering of a large potential payzone. Not expecting the $15+ figures some are using. But we shall find out shortly. Guyana and Egypt stories are far from over for GSA.
miamisteve
25/4/2011
13:49
miami what do you think about QD?

I've e got a big chunk of my life savings in VST, and GSA and LFD...


T.I.A

panagos
25/4/2011
13:43
GSA will have a free carry for the next drill in Guyana, but looks like the focus short term will be back on Qara Dagh
miamisteve
25/4/2011
13:16
guyana duster, marked at 30c pre-market
panagos
20/4/2011
22:01
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.....

livic1971
18/4/2011
17:01
When was the last time we had a 6 figure trade?
thelung
13/4/2011
14:55
I smell no volume unfortunately. Interesting to see the decline in share price of all the K-2 partners gsa,cne,sgi all on insignificant volume. Seems no one is buying in expectation......Maybe Canacol shouldn't have said news this week as the later it gets in the week the more the nervous nellies come out.
alexwest7
13/4/2011
14:43
it couldn't go any lower
thelung
13/4/2011
14:34
I smell good news ....
panagos
11/4/2011
10:23
All very odd, I thought we would get hammered after the Egypt RNS but fairly muted response, as for VST/GSA QD RNS, extraordinary.

Good news from Guyana I hope.

JF

jfjfjf2
09/4/2011
19:18
Evening all, word from canacol last night is that there should be a Guyana update by the end of next week.
alexwest7
08/4/2011
14:41
Think I may cry with laughter with the reaction on vst. It's ridiculous. Stupid canandians
alexwest7
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