Genel Energy Share Discussion Threads

[wantmorethan24p] 30/1/2017 13:26

see what the yanks do when they open

[ozzmosiz] 30/1/2017 10:47

Well it's at least level to slightly up in a sea of red currently.

[cool hand kev] 30/1/2017 10:20

It's good to see the share price recovering today :-)

[gregpeck7] 30/1/2017 10:00

Exactly , you have to be realistic, they are not just going to suddenly drop billions ..As someone else pointed out, they are probably alarmed at the output declines and we probably now in the real world where they realise if they do not behave properly then stuff just won't happen, and they won't get money!! The region seems to be settling down again after a huge amount of upheaval and I think as this happens so things will start to fall into place..The biggest danger here is that genl is taken out in the cheap for 100 to 130 ish ..Gp

[kulvinder] 30/1/2017 09:41

This will re-rate very quickly if confidence comes back and belief by investors that they will get paid on a regular basis.

[ozzmosiz] 30/1/2017 09:36

Well they are getting their house in order at least.

[cumnor] 30/1/2017 09:31

Quite significant, albeit small, payment as shows a certain commitment from KRG towards normalizing commitments. Genl has more than enough assets to justify a share price of £5 provided they get paid long term-which will enable them further develop and diversify assets. imo

[wantmorethan24p] 30/1/2017 09:30

this seller doing my head it

[wantmorethan24p] 30/1/2017 09:25

why does not the seller dump it in 1 go.

any idea how much more they have to sell.??

[wantmorethan24p] 30/1/2017 08:27

at least they are getting paid...

[wantmorethan24p] 30/1/2017 08:26

think i may buy some more

[newswseller] 30/1/2017 08:23

Taq taq June payment was already received in July.... So good news is that there are no missing payments from 2016 anymore, just a two month lag

[mpclag] 30/1/2017 08:16

be lucky if this hits 70p today with the market in a downbeat mood.

[mysticmonkey] 30/1/2017 08:04

We were making love by Friday...

[wantmorethan24p] 30/1/2017 07:56

85p wednes

[wantmorethan24p] 30/1/2017 07:54

75p today????

[wantmorethan24p] 30/1/2017 07:52

every little helps.

[heat wave] 30/1/2017 07:52

Commercial find

Mcap 30m now will become 200m+ soon. Resource upgrade too is coming

NAV 300m

Asset €2.7bn


Ascent Resources plc



("Ascent" or the "Company")



Result of Pg-10 Flow Test



The Board of Ascent is delighted to report that the flow test at Pg-10 has been successfully completed and the results have exceeded management's expectations.



The maximum stabilised flow rate was 8.8 million standard cubic feet of gas per day ("MMscfd") which is in line with the rates measured when the well was initially tested for a short period in 2011 and is significantly above the minimum commitments required under the gas sales agreement with INA.



Over the course of the past three days we have carried out a series of tests which will significantly increase our understanding of the well and the gas reservoirs.



Well Pg10 is a vertical well with an 'S' deviation, which was drilled to a total depth of 3,497 metres. The well targets the 'F' sand at 3,125 to 3,175 metres. The stabilised flow rate achieved on a 12mm choke was 249,064 cubic metres per day or 8.8 MMscfd per day. Over the course of the 56 hour test the well was open for a total of 37 hours. The well produced total gas of 295,387 cubic metres (10,431,595 cubic feet) along with 28,250 litres of water and 2,930 litres of condensate. The average flowing well head pressure was 271 barg (3,930 psi absolute).



Colin Hutchinson, CEO, commented:



"We are extremely pleased with the results from the Pg-10 test and we look forward to bringing gas to market in the near future."

[wantmorethan24p] 30/1/2017 07:50

might get taq taq backpayment

[gregpeck7] 30/1/2017 07:46

Excellent, if payments normalise this will rocket

[wantmorethan24p] 30/1/2017 07:42

looking very good.
well done KRG.