Genel Energy Share Discussion Threads

[daybreakers] 04/12/2016 13:01

Could it be the depleting production in taq taq and tawke.

[amaretto] 04/12/2016 10:43

Sparky - conference starts on Tuesday so might have to wait until then but I agree, if they don't pay they may as well not bother turning up IMO.

Very good post by Lemming99 on the LSE board about the price of the GENL bonds. I always have one eye on those as they tend to be held by professional investors and are less prone to volatility that occurs with a large retail base, i.e. the shares and the share price The bond price proved to be quite accurate with GKP but with GENL, confidence appears to be quite solid and improving of late. Therefore the depressed share price and any kind of conspiracy about there being some kind of problem only visible to insiders is less of a worry given the robust performance of the bond price. If that was to dip significantly, I'd be more concerned, but with it improving, I'm more of the mind that the share price is just suffering a short term lag and we'll eventually catch up with the other oilies.

[sparky333] 04/12/2016 10:06

Embarrassing if no payment tomorrow. Record revenue, start of the conference and no payment wtf !!!Personally think RNS in the morning.

[mbmiah] 03/12/2016 21:02

Let's not get into conspiracy stuff. Either way the pi's get shafted

[sparky333] 03/12/2016 14:33

Cyan nice post btw and why I actually hold Genel if the Kurds starting playing fair 10 bagger here.

[fireplace22] 03/12/2016 13:36

From laserdisc on HUR board:

thanks to lse poster Inthemeantime posted this morning
page 62




On 12 October 2016, DNO reported that it had spudded
the Peshkabir 2 appraisal well on the Zagros Foldbelt Basin
Tawke block in the Kurdistan Region of Iraq in early
October 2016. It is expected to be completed by the end of
the year and, if successful, the Peshkabir field can be quickly
brought on production using existing infrastructure.
The high-impact well has been located to appraise the
Jurassic discovery up-dip from the Peshkabir 1 well location
on the western part of the Tawke PSC area, in addition
to testing additional prospectivity in the Cretaceous.
This structure is a high-amplitude anticline, which forms
a mountain range at the surface, with shallow layers
outcropping to the surface on the flanks of the structure.
Having already submitted a Notice of Discovery and
Declaration of Commerciality to the Kurdistan Regional
Government (KRG), it is understood that DNO submitted a
Field Development Plan for the Peshkabir 1 oil discovery in
October 2013. Designed to target a large undrilled feature
to the west of the Tawke Field, Peshkabir 1 reached a final
TD of 4,092m in April 2012 and encountered oil shows in
Cretaceous, Jurassic and Triassic intervals. Six zones were
tested, with the Jurassic Sargelu Formation flowing API 27-29°
oil and water at varying rates of oil and water cut, while
the remaining five zones (Triassic Kurra Chine ‘A’ and
‘B’ intervals and Cretaceous Mushora, Quamchuqa and
Shiranish intervals) produced formation water.
The recent acquisition of 200 km2
3D seismic over
the discovery area has significantly improved imaging of
the northern and southern flanks of the structure, with
early interpretations indicating significant bulk volume
upside potential, with formations below the OWC possibly
offering additional up-dip prospectivity, and confirming
that Peshkabir 1 was drilled at structural closure.
DNO Iraq AS holds a 55% interest in the Tawke block
and is partnered by Genel Energy International Ltd (25%)
and KRG (20%).

[cyan] 03/12/2016 12:59

To prove how undervalued GENL is, consider these Market-to-Book Ratio's;

SOU 29.08 (wow; could that be a tad overvalued?)

BP. 1.91

GKP 1.69

TLW 1.34

RDSA 0.81

PMO 0.67

RKH 0.56 ( I hold )

BLVN 0.30 (must declare I own an awful lot of them)

GENL 0.08 ( must also declare I hold a lot of these too!)

[adh0] 02/12/2016 20:51

No fighters and there would be nothing what so ever! ISIS would just seize the lot.

[mbmiah] 02/12/2016 20:19

Better off with ftse oilers - the Kurds pay the fighters first, and oilers last which is the wrong way round

[ragewarrior] 02/12/2016 19:33

Another attempt next week to go thou 80p, should be fun... :-)

[1959cos] 02/12/2016 18:53

we are not going to stay at this low level much longer.

[sparky333] 02/12/2016 18:38

This is business and I am sorry but this cannot go on. We have bills to pay and are not a bank, you do not pay we do not. Pump oil. And we do not pay the stacks of Kurds we probably have to have on the books, everyone gets paided i.e. Directors etc the only ones suffering are shareholders and have been for over 12 months They already wiped out GKP shareholders and we are not far behind at over 90% wiped out in 2 years.You okay with that ?

[sparky333] 02/12/2016 18:34

Pogue,I hold 40,000 shares at an average of 73p I invested following the crash earlier in the year. The potential at this level is a multibagger no doubt about that, but only when the MNR start playing ball. No excuses with oil heading to $60, ISIL are a spent force on the rocks, so what's the excuse.Why have we not been paid yet normally one payment last week of the month and another first week of the following month.Again with oil over $45 for the month they have failed.I am sorry but if you do not pay you do not get the service in my book

[jotoha2] 02/12/2016 17:39

pogue , sparky like most of us , expect genl to operate as the supplier of goods and services and the Kurds to act as the customer and pay their invoices on time, it's called honest trading , now why are you here with your rather strange stance on the matter.

[kmann] 02/12/2016 15:00

Agree, Crazy really, effectivly zero days production lost, never under any real threat.

The ISIS threat is on countdown now to annihilation. Watch the IOC's and investors clamour to buy in. Oil should be higher and stable in a few weeks/months too.

KRG have also gained some bargaining chips too.

Glencore will be following the world bank with their bond, and a few others, then the party starts imo.

[pogue] 02/12/2016 14:32

Sparky
why are you invested in this share if you have no confidence in the KRG?

[mr roper] 02/12/2016 14:28

Sparky exactly. 1m civil servants and gravy trainers.

[cyan] 02/12/2016 14:28

Brent $54.03. $60 by the new year? Just my musing lol

[sparky333] 02/12/2016 14:13

No they are paying for the 1m civil servant of which is just ridiculous.Especially when half of them do not even exist.I worked in the Middle East for 8 years I know how he Civil servant system is a craft way to move money around. How can such a poor country have so many billionaires like the ruling family ? Just my musing

[sparky333] 02/12/2016 14:11

I thought the USA where paying the peshmerga ? And also Iran & Russia supplying the heavy weapons So what exactly are the KRG paying for in the battle with ISIL ? Smoke and mirrors

[pogue] 02/12/2016 14:09

On what do you base your assumption KRG will stiff the oil companies? When you are at war difficult decisions need to be made if they do it in peace then nobody will run the oil fields that is their only source of wealth.

[cumnor] 02/12/2016 14:01

All or nothing here-the KRG getting used to putting payments on long finger, in dribs and drabs, and like any debtor is likely to continue doing so now it has a feel for how impotent Genl mgmt and shareholders are. BOD doing fine anyhow. Excuses easy to find, the war, once over, rebuilding, social care, hospitals etc. Watch the cash pile next! imo

[cyan] 02/12/2016 14:00

Malcy on POO;



Brent $53.63