Genel Energy Share Discussion Threads

[sparky333] 24/6/2018 10:27

All very exciting Hawkey and I see good upward movement going forward with 300p crumbling very soon.

[hawkey2] 24/6/2018 10:18

I currently communicate with a few fellow investors via email but if any others want to chat or contact me please send to

[e-mail]

Hawkey


PS LSE down again.......

[kulvinder] 24/6/2018 10:14

Hawkey, I think you can update the GKP statement, them having confirmed the money is available for the oil draw increase to 55,000 BPD last week, keep the good work we will hopefully see that short term target of £3. Looks all good for all Geneliers for next week. Have a nice day.

[hawkey2] 24/6/2018 10:01

SOMALIALAND VISIT

TOOK PLACE IN APRIL BUT I MISSED IT......

"Mike Adams, our Head of Exploration and New Business, was in Somaliland last week discussing Genel’s future plans. As part of the visit, a range of sports equipment was given to the national football team."

Discussing future plans ?????


Hawkey

[hawkey2] 24/6/2018 09:55

Our debit

On 17th May we had 89$ million of new debt.

2 payments since then of 22.4$ million and 27.30$ million.

Blimey we will be in cash surplus easily by end f year.

What to spend it on is the question ??

Our assets or our assets and some new ones ???

Hawkey

[hawkey2] 24/6/2018 09:41

Just been sniffing around about or recent new COO Bill Higgs

Vice Present Chevron Saudia Arabia

COO Ophir Energy

CEO Mediterranein Oil


Class act...............


Hawkey

[hawkey2] 24/6/2018 08:57

REASONS TO BE CHEERFUL.......

Oil production increasing every month.
KRG finances now looking secure due to oil price/increased production
Muqtada al-Sadr election winner is inclusive and pro kurds
USA biggest base in the world built in Kurdistan almost complete.
All border crossing open now
Iraqi paying some Kurdistan salaries.
Most international flights now resumed to Kurdistan
Massive support from European countries for KRG
ISIL defeated.
Oil on the rise very likely 80$ a barrel soon.
Venezuela & Iran, Libya situations likely to keep oil price rising
Saudis desperate to get oil over 80$ and higher for IPO.
OPEC deal keeping increased production below 600k, less than is need.
Worldwide demand much higher than anticipated touching 100m BOPD
API drawdowns regular and Worldwide oil glut now gone
Future oil shortfall now very likely due to historicial lack of investment.

Rosneft has lent KRG up to 3$ billion
Rosneft involved in massive exploration & development projects.
Rosneft already building several Gas pipelines.

New Chairman, New World class CFO, New Dynamic COO
Payments now regular every month for 36 months in difficult circumstances
Payment increases due to payment "R" factor worth over 400$ million
Payment of another 25-30$ million due in coming month
Free Cash flow huge over 140$ million last year and much higher this year.
Over 80% of all shares owned by only 5 major institutions.
Very small free float. Hard to buy large volumes on occasions.
Upward Share price mirroring its downward spiral, much more to go.
New Bond issue securing finance for 5 years.
Some of lowest Production cost in the world.
Market cap 3ish x less net assets.
Debt free end of year.
Breakeven at less than 20$ per Barrels.
GKP now committed to increasing production spending over 200$ million
Gazprom increasing production in Garmian
Shamaran increasing production Atrush

Peshkabir producing 30k BOPD any day now & higher by end of year.
Peshkabir 4, 5,6 completed, testing and producing.
Up to 5 new wells being drilled in Tawke to increase production in 2018.
DNO committed to spending record Capex in 2018. 50% more than last year.
Taq Taq new oil find confirmed, 145 meters deeper than thought possibly more to follow.
Taq Taq CPR stating new reserves.
Taq Taq major drilling due to be commenced now.
Bina Bawi & Miran updated CPR showing huge increase in resource 27% + 78%.
Bina Bawi recent site meeting, oil could be flowing within 6 months.
New CPR No price or volume risk with either Gas fields
Genel now financially able to go it alone on upstream project. No partner needed.

Somaliland 2D Seismic being processed, drilling expected next year
Somaliland massive basin akin to Yemin, unexplored.
Somaliland potentially 2 Billion plus barrels of Oil.
Somaliland huge port being built near our acreage

[kulvinder] 23/6/2018 11:24

Me and you included Sparky, we have had enough on consolidation, GKP is catching up, so we need to push on from, if it does not, it certainly will after the next update in Aug.

[sparky333] 23/6/2018 09:55

I would hope we push 300p next week.

[hawkey2] 22/6/2018 19:39

Well looks like the week ends nicely. Oil up 3-4% and Genel up 2p on last weeks close (I think).

A decent bit of wedge in the bank and another week closer to possible news from:

Taq Taq
Peshkabir
Somalialand
Gas


Have great weekend all.

Hawkey

[panagos] 22/6/2018 19:15

350p bt end of June biiaaaachhh carlalala

[amr2o17] 22/6/2018 18:58

Crikey, WTI leapt up 5% on the back of OPEC and reduced rig count. Looks like Trump ain't gonna be the hero with his voters this time round.

[cyan] 22/6/2018 17:15

The gas should double the numbers all round.

[panagos] 22/6/2018 17:09

Totally agree.In fact I would be surprised if it wasn't.

[kulvinder] 22/6/2018 17:04

This will be £5 plus by the end of the year....just a matter of time.

[sparky333] 22/6/2018 16:25

Why would you sell at this level with POO surging with new highs around the corner?Some strange investors around these days

[sparky333] 22/6/2018 15:34

Looks like oil is heading for $80+ Makes a mockery of Genel share price

[withoutt] 22/6/2018 15:13

Hi JL79
Hope all's well, i flit between both sites, must be a major problem over on LSE.
ATB.

[johnlewis79] 22/6/2018 14:40

Heh guys...thanx..I'll sling in my t'uppeny worth now and again if its of interest. Keep up the good work.

[sparky333] 22/6/2018 14:34

Should see us pushing 300p next week

[cyan] 22/6/2018 14:27

Welcome Johnlewis79.

We welcome quality postings.

[johnlewis79] 22/6/2018 14:25

Happy to be here even if my first blog is a moan! Heh lots of you guys are on the ball...not sure about the booooooom!!! merchants...whatever it takes Cadburys!!..

[amr2o17] 22/6/2018 14:17

Good to see you here JL - enjoy your commentary. There loss is our gain.