Genel Energy Share Discussion Threads

[sleveen] 07/2/2017 08:46

It's useful to see the bear case as WJ points out.

[utrecht_00] 07/2/2017 08:44

the payments are very good news this am- if they keep continuing fully and on time the rest will follow.

[adh0] 07/2/2017 08:41

They stayed around this time last year back payments would be an additional 5% of the gross revenue received on top of what the IOCs were entitled to as standard. It was a omething like that.

[utrecht_00] 07/2/2017 08:35

wj- for someone who has owns no share here, you certainly spend a lot of time trying to bait longs- thats not a pleasant personality trait to have.

[w1ndjammer] 07/2/2017 08:31

Its obviously not the payments holding this back, its the
runaway train coming down the track.

WJ.

[robfitz] 07/2/2017 08:24

Adh0, thanks for that, so approx $7m paid about 1/50th of the outstanding amount, better than nothing I suppose. But at least with the regular payments coming in it MUST be a good sign. Surprised no movement though in the share price.

[nicksig] 07/2/2017 08:21

I want to know who has been buying all that stock off the bid between 67-69p

[losses] 07/2/2017 08:18

Can't believe this has hardly budged

[adh0] 07/2/2017 08:10

robfitz, I believe (although this could be wrong, someone else may know differently) is is in the region of $350m as we speak.

[w1ndjammer] 07/2/2017 08:08

24p

you should be ashamed of your self keep telling people to buy,
don`t you think they have lost enough money.

WJ.

[wantmorethan24p] 07/2/2017 08:05

2 payments today unbelievable.

[sago2] 07/2/2017 08:05

Think I'm going to have to keep my own spreadsheet with all these payment there have been quite a few.

[wantmorethan24p] 07/2/2017 08:05

blame mr/mrs 41p lol

[wantmorethan24p] 07/2/2017 08:03

thank you mr/mrs 41p for keeping the price down.

[wantmorethan24p] 07/2/2017 08:02

keep buying..

under 70p unbelievable.

[nicksig] 07/2/2017 08:01

Excellent. I have bought more

[wantmorethan24p] 07/2/2017 08:01

told you guys distress seler about.

[robfitz] 07/2/2017 08:00

Sorry for asking, but does anyone know where we can find out what payments are still outstanding?

I saw GENL got payment for NOV 2016 for both Taq Taq and Tawke fields but it also mentioned that these payments included amounts for "historical receivables".

How much is still owed apart from DEC 2016 and JAN 2017?
I could not find this information (albeit I never looked that hard).
I did try phoning the company but got no reply.

[wantmorethan24p] 07/2/2017 07:55

we still have a distress seller around.

[cool hand kev] 07/2/2017 07:54

But will it be a BLUE day?

[losses] 07/2/2017 07:43

We know production was down so we definitely got paid more...

[adh0] 07/2/2017 07:40

Well that is remarkably good news...

A) It is another payment, it can not be stressed enough how much simply getting paid regularly is the single most important factor here.
B) Output did decline again at TaqTaq coming in at approx 45bopd some 10% down mom with October (and remember in March 2016 it was around 75bopd!) BUT production was up at Tawke. Over the two production was slightly ahead on October. Arguably production levels may have plateaued and next months figures will help confirm this.
C) They recieved more $s than I was expecting, November had a considerably lower $s oil price than they got for October, and Decembers average is even higher again. Although in these RNS they do not say what oil price they actually got!

[wantmorethan24p] 07/2/2017 07:36

did not see the tawke payment.

[philo124] 07/2/2017 07:34

Yes, Good.

[losses] 07/2/2017 07:33

Both payments in this morning