Genel Energy Share Discussion Threads

[wantmorethan24p] 27/1/2017 22:54

they may downgrade from $1,427 million to $500m...


still value there.

$250m for someone to farmin.

[wantmorethan24p] 27/1/2017 22:26

i would take £2 a share now.

[wantmorethan24p] 27/1/2017 22:26

well said guys.its being done for a takeover or a farmout for their gas assets.

the lower the value the easier to sell or farmout.

[utrecht_00] 27/1/2017 18:15

looks to me as it its being set up to be taken over on the cheap, but at £1 I will still make good money.

[losses] 27/1/2017 17:36

Government focus remain on development of the country. Obviously this is good news in the long run. I follow the news and today is typical of what I read... Germany increases troops in Kurdistan to continue to train Peshmerga forces

[mr roper] 27/1/2017 16:00

I'm guessing if they write it down, it makes any farm in arrangement cheaper for those coming farming in..(eg Bilgin)

[w1ndjammer] 27/1/2017 15:53

its the bit that mentions "financing options" and " other things"

that most concerns me

these RNS are carefully worded, so there is a message there.

WJ.

[wantmorethan24p] 27/1/2017 15:45

HAVE TIPPED THIS AGAIN TO MY FRIENDS AND FAMILY AT 70P


IT WAS 85P WHEN I LAST TIPPED IT.

[mr roper] 27/1/2017 15:43

"a material impairment" =700m bucks?

[w1ndjammer] 27/1/2017 15:42

somewhere warm

[wantmorethan24p] 27/1/2017 15:39

WINDJAMMER WHERE ARE YOU.

[w1ndjammer] 27/1/2017 15:38

especially this bit, just read it twice and then tell me what the are alluding to


Taking into account the latest views on discount rates and financing options, amongst other factors,

[wantmorethan24p] 27/1/2017 15:38

WINDJAMMER WHERE ARE YOU.

[w1ndjammer] 27/1/2017 15:36

must be mad putting all eggs in the same basket

this should have scared the pants off ya



- At end-2015, the carrying value of the Miran and Bina Bawi fields in the Company's accounts was $1,427 million. The carrying value of the Miran and Bina Bawi fields will be tested for impairment as part of the end-2016 results process. Taking into account the latest views on discount rates and financing options, amongst other factors, management expects to record a material impairment of the carrying value in its 2016 accounts

[wantmorethan24p] 27/1/2017 15:34

market cap £195m cash in hand around £320m..


owed £320m

debts are not a problem as they are not due until may 2019...
they could easily refinance the debts.ie extend it to 2021.

[wantmorethan24p] 27/1/2017 15:31

am fully loaded in these have nearly 47000 shares.

[wantmorethan24p] 27/1/2017 15:28

but am still a buyer.

have got egg on my face.
i tipped these tp family and friends when the price was 85p

i bet the market makers read my tip.

[wantmorethan24p] 27/1/2017 15:27

who the heck is holding this one back.
somethings not right.

[wantmorethan24p] 27/1/2017 15:25

dno merger with genel makes sense..

dno are owed 1 billion dollars by the krg.

[wantmorethan24p] 27/1/2017 15:24

I HOPE DNO MAKES A BID FOR US.