Genel Energy Share Discussion Threads

[sparky333] 17/7/2018 10:30

I agree Nicksig

[nicksig] 17/7/2018 10:29

I have a £10 target, which should be achievable within 18 months imo

[chopsy] 17/7/2018 10:20

Ok so if the westward extension of the field is now proved do we get an updated CPR at some point?

[cyan] 17/7/2018 10:14

Great update. This field is huge;

" The next well in the 2018 field development campaign, Peshkabir-5, has been
drilled seven kilometres west of Peshkabir-3 and has successfully proved the
westward extension of the field. Completed in June, it is currently
undergoing final testing; a total of four zones have been tested so far and
flowed between 4,000 bopd and 7,500 bopd per zone"

Every drill excites and adds volume.

What dreams are made of.

[sparky333] 17/7/2018 10:10

Also the yanks will be picking up stock this afternoon like they always seem to do.

[sparky333] 17/7/2018 10:08

Well wellWhat can I say, outstanding news and can only get better and the enormity of Pesh is uncovered and production brought online could be 100K field in 2019. Yet we languish with POO over $70 the cash is piling up. Does today's apathy worry me ? Hell no !!! The sale price of Genel has just gone up significantly never mind the gas and somaliland.Aug results should have net debt down significantly and positive year end. So effectively a debt free producer not many of those around.What worries me is an opportunist bid for say 400p which would be aweful as this has 1000p written all over it if the gas deal happens.Good entry point at this level bar a collapse in POO or world recession.

[kris akabusi] 17/7/2018 09:01

monkey see monkey do

afternoon boomage

[hernando2] 17/7/2018 08:54

I guess we now know why the share price went on that great run from around March...

[panagos] 17/7/2018 08:07

welcome back Nick!

[nicksig] 17/7/2018 08:05

I said I would never post on ADVFN after some of the horrific posts I witnessed on another thread. But I'll break my rule just this once to say what an extraordinarily good RNS this is - go go GENL!

[panagos] 17/7/2018 08:02

GENEL ENERGY PLC

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The Peshkabir-5 well, pictured, has been drilled seven kilometres west of Peshkabir-3 and has successfully proved the westward extension of the field. Completed in June, it is currently undergoing final testing; a total of four zones have been tested so far and flowed between 4,000 bopd and 7,500 bopd per zone. This well will be brought onstream in August and the operator, DNO, expects to reach and surpass its previously announced summer 2018 Peshkabir production target of 30,000 bopd.

[d1nga] 17/7/2018 07:43

this is THE rns that may make people wake up to the cash cow and future prospects we have at pesh

next a gas update in a few months please

[panagos] 17/7/2018 07:32

"With five of the six 2018 wells at Peshkabir yet to be completed, and wells
set to be drilled on both the Tawke and Taq Taq fields in the second half of
the year, we have significant opportunities ahead."


Pesh being an ELEPHANT field is an understatement!

[kulvinder] 17/7/2018 07:16

120m free cash a year;"Peshkabir continues to exceed our expectations. As the field is part of the Tawke PSC, these are high-value barrels to Genel that benefit from the Receivable Settlement Agreement and will further bolster our free cash flow generation, which is currently over $10 million a month.

[kris akabusi] 17/7/2018 07:09

Awoooooga!

[amr2o17] 17/7/2018 06:44

That is some wake up call - production up 2/3 with more upside to come.Double whammy with payment news looking likely today.

[panagos] 17/7/2018 06:20

DNO Picks Up Peshkabir Production in KurdistanOslo, 17 July 2018 - DNO ASA, the Norwegian oil and gas operator, today announced a two-thirds increase in production from the Peshkabir field in the Tawke license in the Kurdistan region of Iraq to 25,000 barrels of oil per day (bopd) following completion of the Peshkabir-4 well testing program. The well has been placed on production at a rate of 10,000 bopd through a 72/64" choke with 790 psi wellhead pressure through temporary, capacity-constrained test facilities and the oil trucked to Fish Khabur for export. The Peshkabir-4 well was designed as a high angle well to assess the central part of the structure four kilometers west of the Peshkabir-3 well and drilled to a measured depth of 3,525 meters, including a 1,150 meter extended reach reservoir section. A total of 11 zones were tested and flowed between 1,500 bopd and 7,000 bopd per zone. The next well in the 2018 field development campaign, Peshkabir-5, has been drilled seven kilometers west of Peshkabir-3 and has successfully proved the westward extension of the field. Completed in June, it is currently undergoing final testing; a total of four zones have been tested so far and flowed between 4,000 bopd and 7,500 bopd per zone. DNO will bring this well onstream in August and expects to reach and surpass its previously announced summer 2018 Peshkabir production target of 30,000 bopd. "The pickup in Peshkabir production puts new meaning to the fast in fast track in development of this field by the DNO team," said Bijan Mossavar-Rahmani, DNO's Executive Chairman.  "And we expect Peshkabir to continue to surprise to the upside," he added. Two other wells, Peshkabir-6 and Peshkabir-7, are drilling ahead at 3,900 meters and 3,100 meters, respectively. Peshkabir-6, a near vertical well, will explore the field's deeper Triassic formation and establish the Cretaceous oil/water contact level. Peshkabir-7 is a high angle producer well located between Peshkabir-4 and Peshkabir-5.  The Peshkabir field was brought on production in 2017 and two drilled wells last year, Peshkabir-2 and Peshkabir-3, have produced at a constant combined rate of around 15,000 bopd. DNO operates and has a 75 percent interest in the Tawke license, which contains the Tawke and Peshkabir fields, with partner Genel Energy plc holding the remainder. Together, output from the two fields has averaged 106,000 bopd year-to-date. --

[panagos] 17/7/2018 06:20

Morning fellow s/h Indulge yourceyes to the following RNSMorning trollsEat your heart out!

[panagos] 16/7/2018 19:46

Payments due?

[teamwork1] 16/7/2018 16:26

Your target was 3 pounds by end of the week

[panagos] 16/7/2018 16:10

Easy tigers... relax it will be 500p before the year is out, remember 69p eps at 50$ oil...what about at 75$ oil... 100p?