Genel Energy Share Discussion Threads

[losses] 14/8/2018 12:47

Oil Prices Rise as Saudi Arabia Cut Production to Avert Oversupplyhttps://finance.yahoo.com/news/oil-prices-rise-saudi-arabia-084300841.html

[cyan] 14/8/2018 12:07

Thanks to malkiel for the link. A lot to read with some very encouraging facts.

Brent $73.05

[malkiel] 14/8/2018 11:40

Genel Energy PLC CEO Murat Özgül on Q2 2018 Results - Earnings Call Transcript

[panagos] 14/8/2018 11:34

When the last one gets bored with the inaction thus will motor to 350p and beyond.Still to cheap chaps.

[cyan] 13/8/2018 22:29

GENL commented on in VOX market interview at 27 min 15 secs

[blueball] 13/8/2018 19:29

stay in cash.

[nicebut] 13/8/2018 14:07

At least we know who was selling! presumably profit taking on the 300p spike.

[hawkey2] 12/8/2018 19:02

Mergers and AcquisitionsToday 18:57So, M&A is now Genel 2nd priority after allocating capitol to our current fields

Why has M&A suddenly become so important to Genel. I would suggest its not just a random statement.

They are looking for acquisitions which will provide material cash flow in short to medium term (ie producing assets).

Quite happy to add leverage if it brings shareholder value but will avoid significantly re-leverging our balance sheet (could mean anything)

Looking at leveraging up to 2 x EBIDAX. Can anyone confirm what that might be?

FD talked about M&A a fair bit really at the presentation.

Watch this space

Hawkey

[panagos] 12/8/2018 16:59

Bina will possibly make genel what the title of this thread says and ince was: the largest producer in kurdistan

[hawkey2] 12/8/2018 16:45

Bina Bawi Oil

So the comment from our FD was "we expect near term progress in discussions with KRG". Cant imagine that being a long discussion as it more revenue for KRG.

Every barrel worth even more than Peshkabir.

34 million barrel (at least)

Recovery oil for licence fee.

Light oil as well so higher payment.

Field development plan sent to KRG.

Bit of a chat about who gets what.

BOOM

Hawkey

[panagos] 12/8/2018 16:34

Agreed HakweyI'd be super happy with a 10% free carry.

[hawkey2] 12/8/2018 16:30

Don't think you will hear anything about the gas in the near further if ever. I can see Genel either flogging this on being a small partner.


Hawkey

[panagos] 12/8/2018 16:28

Chopsy,Not sure you were here when the 2017 results were announced.Price then was 164p and after very good results price fell.A few weeks later price was shooting up to 250p.Guess it will happen again soon.I can see 350p in a few weeks.

[hawkey2] 12/8/2018 16:13

REASONS TO BE CHEERFUL

Oil production increasing every month.
KRG payments now a given.
New government looks likely to be formed soon including Kurds.
Iraqi paying some Kurdistan salaries.
International flights now fully resumed to Kurdistan
Massive support from European countries for KRG
ISIL defeat
Oil issues worldwide increasing oil price (Venezuela & Iran)
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 historical 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
Payment increases due to payment "R" factor worth over 400$ million
Free Cash huge for a company our size
Over 70% of all shares owned by only 5 major institutions.
Some of lowest Production cost in the world.
Market cap 3ish x less net assets.
Debt free in coming months
GKP, Gazprom, Shamaran, Rosneft investing billions of dollars in Kurdistan

Peshkabir producing 35 BOPD, likely 50k end of year
Peshkabir 6,7 testing 8,9 ready to drill.
Peshkabir 1P and 2P increase almost certain.
DNO committed to spending record Capex in 2018.
DNO Results next week, record production and profit.
Taq Taq TT29 new oil find confirmed, Production stabilised with minimal work
Taq Taq 32 drilling shortly and production increased expected by company
Bina Bawi & Miran updated CPR showing huge increase in resource 27% + 78%.
Bina Bawi oil now major focus, easy win and production within 6 months of drilling.
Confirmed no rush to achieve GLA, when its best suits Genel
New Gas 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 completed end of year.
Somaliland massive basin akin to Yemin, unexplored.
Somaliland potentially 2 Billion plus barrels of Oil.

Company confirms in big letters in the market for acquisitions

And this is just what we know…..imagine what’s going on that we don’t know….

[chopsy] 12/8/2018 15:03

Hope I'm wrong, but I suspect that no decent or sustained reaction to the interims means the political risk balances the operational success at these levels, and the meaningful re-rate will have to wait for full year result, and/or progress on the gas front.

[cyan] 10/8/2018 09:37

Cash flow from operating activities in H1 2018 $125.1

When you work the agreed production numbers in the gas sales agreement ( $1.2 per thousand cubic feet supplied for processing) you can see that earnings, per annum, in the plateau phase will be circa £400 million Sterling.

That's an enormous addition to our great earnings now. A share price North of 500p is conservative , imo, probably much higher.

[karateboy] 10/8/2018 08:45

Oil and gas from Bina ...are linked to FID. As soon as FID agreed, within 6 month oil production should start and gas to follow within 3 years. So if FID approved by end of 2018, oil production should commence in mid 2019 and gas by end of 2021. share price will get a big kick upwards when FID approved.

[hawkey2] 09/8/2018 21:05

So having had a bit of time to reflect on yesterday what did I take from it.

The Gas
I think this is going to be parked and don't expect us to even kick off until late 2019 or even as 20 and then its a 3 year project.

Bina Bawi Light oil
I think we will kick that off well before end of year with first oil June/ July. Easy win for KRG, increasing profit and blending. 20$ million to first oil.

Peshkabir
Sounds like a monster and could easily be 50k per day end of year. Push 6 & 7 nearly ready. 8 and 9 ready to go.

Tawke has declined pretty much every month for over a year. They sound pretty confident they can arrest this decline but don't expect any kind of increase. 4 wells to come.

Taq Taq, Production has actually increased recently in a couple of months and with new drilling sounds as if 14k BOPD might be a reasonable number going forward. 5 wells coming up.

Africa is a do the basics and flog if possible for me

Somalialand sounds encouraging but will need a partner who doesn't mind a lot of risk and has deep pockets. I personally can't see us ever drilling here, may be a farm in.

Acquisitions, mentioned a couple of times so they are clearly looking at other assets. Will they want to be a Kurdistan one trick pony or look further afield. GKP is one we always mention. Who knows

So thats it for me. A fantastic update mainly from Peshkabir but finances looking the best ever and this gives us many many options.

Any thoughts ???

Hawkey

[kulvinder] 09/8/2018 10:09

Love the heading that article in the Telegraph "Pours Cash";
Won't be long before that 300 is taken....As the positive news keeps flowing in.

[losses] 09/8/2018 09:28

Looking good... can we attack 300 again!!