Genel Energy Share Discussion Threads

[amr2o17] 30/7/2018 06:50

https://www.dno.no/en/investor-relations/announcements/2018/dno-passes-peshkabir-production-target/INVESTORS ANNOUNCEMENTSDNO Passes Peshkabir Production TargetOslo, 30 July 2018 - DNO ASA, the Norwegian oil and gas operator, today announced that a fourth well has been put on production at the Peshkabir field in the Kurdistan region of Iraq pushing total output past the previously published target of 30,000 barrels of oil per day (bopd).The Peshkabir-5 well is currently producing around 8,000 bopd from three Cretaceous and two Jurassic zones through temporary test facilities and the oil trucked to Fish Khabur for export. Seven Cretaceous zones and two Jurassic zones were flow tested, with individual zones ranging between 3,600 bopd and 7,200 bopd."At around 35,000 bopd, Peshkabir has now leapfrogged into second place after Tawke among the Kurdistan fields operated by the international oil companies," said Bijan Mossavar-Rahmani, DNO's Executive Chairman. "We are setting our sights on higher production and accelerating field development," he added.The Peshkabir-5 well was designed to appraise the western extension of the field and drilled to a measured depth of 2,918 meters in 57 days at a cost of USD 12.1 million.Two other wells, Peshkabir-6 and Peshkabir-7, have now reached target depth of 4,250 meters and 3,750 meters, respectively, and will commence production testing in August.The Peshkabir field was brought on production in 2017 and the two drilled wells last year, Peshkabir-2 and Peshkabir-3, have produced at a constant combined rate of around 15,000 bopd. The Peshkabir-4 well, completed in July, is currently producing around 12,000 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.--For further information, please contact:Media: [e-mail]: [e-mail]: [phone]--DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, Oman, Somaliland, Tunisia, the United Kingdom and Yemen.--This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

[snowyflake] 28/7/2018 17:57

Can someone help please. What is the expression for allowing anything to go wrong in oil and gas exploration? From memory it is something law

[nicebut] 28/7/2018 09:07

`Like crazy`...Agree its looking v good with lots of drilling and testing at Peshkabir but has drilling (re)started yet at Taq- Taq?

Re Peshkabir Triassic drill. Has this been done at Tawke before...Could be v good too.

[hawkey2] 27/7/2018 19:46

Interesting that since 7th May Genel has risen 22% and DNO has not moved at all, so we are still doing pretty
well relative to them. Strange when you consider they own 75% of Peshkabir.

Next Thursday and Friday MAY be interesting as people MAY start buying for the Half Year results although t be fair there should be many surprises. May be a Peshkabir production update and also some new wells news and reserves update.

So Genel are up first on 7th August with their results and the DNO on 16th August. They will want some fireworks kept dry for that.

Volume wise there is no interest at all at the moment. Is that just holidays or no one wanting to sell at the moment for obvious reasons.

On the positive side we are drilling like crazy on 3 separate oil fields, making crazy amount of free cash flow and increasing production every day.

For some reason I am no longer excited by the Gas. Surely if we were going to drill the fields by now we would have at least gone after the easy oil at Bona Bawi. Why haven't we. We have the funds to do it and the oil is proven ? We we flog it or be free carried...who knows. We committed 25-40$ million for these projects and haven't actually been notified of any work being done yet.

So there you go Hawkeys Friday Ramblings.

Any thoughts ???

Have a great weekend all.

Hawkey

[hawkey2] 27/7/2018 19:29

There are so many reasons for the oil to stay in the high 70s or 80s.

The No 1 reason Being Donald Chump......

Iran, Saudi, Iraq, Venezuela, Nigeria.....Blimey its only USA and Russia where supplies are really secure.

So we have some interesting times ahead. Will Trump start a trade war and crash oil, Will he keep quiet and just start a few wars. Its never dull with him thats for sure..........


Hawkey

[hawkey2] 27/7/2018 19:28

Kurdistan News

hxxp://www.basnews.com/index.php/en/news/kurdistan/454848

hxxp://www.rudaw.net/english/world/27072018

Oil Price news

hxxps://oilprice.com/Energy/Energy-General/Oil-Prices-Set-For-First-Weekly-Gain-In-Four-Weeks.html

hxxps://business.financialpost.com/commodities/energy/the-bulls-are-wrong-heres-why-oil-could-plummet-to-us45-citis-top-oil-forecaster

[panagos] 27/7/2018 15:50

yes it will.

[urchin1] 27/7/2018 15:48

Watching Gkp v Genel is like a 2 horse race!! Genel come end of year will be £5 plus me thinks!

[strummerjon] 27/7/2018 15:09

I don’t understand why this share appears so undervalued.

[cyan] 27/7/2018 15:02

Brent is strong now $74.70. Our share price is lagging, imo.

[tewkesbury] 27/7/2018 10:11

Petro Matad (MATD)

Fully funded six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential:

1) Snow Leopard-1 well (Block V)
- Spudded 19 Jul 2018, 70 days max to complete, "results end Aug, early September".

a) 90 mmbo recoverable from two main target depths (20 mmbo + 70 mmbo) ("Snow Leopard has 2 main target sections with c.90MMbo recoverable potential [mid case])"; plus

b) There could be oil in the shallow turbidite deposits opening up an extra 200+ mmbo play even before they hit the deeper levels. ("If shallow turbidite concept is proven then a large (200+ MMbo) combination trap play opens").

c) Additionally, there are "3 or more additional stacked pay zones identified as potential upside."

There are also 13 or 14 prospects/leads of up to 500 - 600 mmbo recoverable within 35 km of Snow Leopard 1 on their acreage. ("Success de-risks 14 prospects/leads with resource potential of c.500MMbo").

Slide 26: First Well 2018: Snow Leopard Prospect, Block V


2) Wild Horse-1 (Block IV)
- Spud Sep 2018, "results late Oct, early Nov".
- Targeting 480 MMBO.
- Named by Wood Mackenzie as in top 20 exploration wells worldwide to watch in 2018.

3) Block XX
- Near field Gazelle prospect targeting 13MMbo & rapid commercialization.
- Spud late Sep 2018, complete Oct 2018 (3 weeks).

- New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure.
- Spud late Oct 2019, complete Nov 2018 (3 weeks).

4) Fox-1 (Block V)
- Spud early Q2 2019.
- Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017.

5) Fully funded
- Oversubscribed placing in Jun 2018 provided final tranche of funding for all six wells above and management participated in placing.

- Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

Presentation 26/3/2018:


Interview 30/1/2018:

[sparky333] 27/7/2018 09:44

No sellers and no buyers MMs need to push it one way or the other to generate volume.

[panagos] 26/7/2018 21:16

Nat Rotschild resigned from director but still holds his 15m shares. Why?Tony Hayward resiged from CEO but still holdes his 1.3m shares. Why?Because its still undervalued.

[hawkey2] 26/7/2018 21:04

Very quiet day but another one closer to our Half year results. I know that only 30% of the shares are available but this is crazy quiet. I guess most of these shares are held by LTHs who aren't keen on selling before the update...and why would they.

Another 25-30ish $ million coming our way in a few weeks as we inched our way to being a debt free company.

Drills going like crazy with at lest 3 results which are due. Pesh already over 30k, exceeding expectations and could be up to 40 very soon if not already already.

Rosneft starting massive projects in Kurdistan next year....are we in their sights.

There will be consolidation at some stage but buying Genel at anything like this price would be difficult or impossible, several of our major holders are billionaires $ organisation so why would they sell cheap.

Oil doing the business and I see the price carrying on moving steadily up, bit by bit. Don't forget we had good API and EIA numbers this week.

So there we have Hawkey thought....

Hawkey

[panagos] 26/7/2018 18:46

7th August.Save the day

[amr2o17] 26/7/2018 17:17

You'd think so, wouldn't you, cyan, doesn't seem to have done much for us thus far. Hasn't done us any harm of course

[cyan] 26/7/2018 16:43

Brent $74.49 now is helpful

[winchcombe] 26/7/2018 16:07

It's a good steady business now with upside from the gas.

[sparky333] 26/7/2018 08:50

Bots driving us down again

[panagos] 26/7/2018 08:41

7th August 2018 is the day.

Hold on to your shares.

[amr2o17] 25/7/2018 22:50

Trump backing off on EU tariffs and PoO motoring. A promising combination for tomorrow...