Genel Energy Share Discussion Threads

[cyan] 12/1/2018 10:46

What we need now is something like RKH's out of the blue RNS of yesterday which signalled progress towards SEALION's development.

A nice RNS with similar positives for our gas assets would gives us a big lift, a very big lift.
You have to be very brave shorting GENL. Imo, it does look like POO will remain 'high'.

The $20 rise from $50 to $70 , if sustained over a year is worth around a quarter of a billion sterling to GENL's gross oil earnings. That's a LOT.

[panagos] 12/1/2018 10:22

he's waiting for 84p.

[gregpeck7] 12/1/2018 10:21

Here is he dip imo.. will pogue buy?

[gregpeck7] 12/1/2018 10:15

9842 more for me

[kulvinder] 12/1/2018 10:04

Never a straight line up, still not letting it go north.

[panagos] 12/1/2018 09:06

pogue, Carla, stan genl share price is falling, why aren't you coming out??

[panagos] 12/1/2018 07:55

GOOD morning to GENL holders.

:-)

[pogue] 12/1/2018 07:55

I think the point with the shale guys is they are massively in debt so extra income could be put to reducing debt rather than more drilling. This gives them a more stable company and a rising oil price I think the banks that have been pushing them to drill and get more money are beginning to realise this.
I am big in BP and Shell as well but have also gone into contractors and vendors, PFC and ROR, all are doing well, a rising oil price floats everything.

[hernando2] 12/1/2018 07:20

Shale guys want higher oil prices as much as conventional players, they will bring on more supply in a very controlled manner this time around IMO

What the point of major effort and expenditure to do 'just break even or slightly better', they want 80 /90 dollar oil.

I Hope.

small here , big in Shell and BP ( who have done fantastic for mega companies).

[pogue] 12/1/2018 07:11

Cyan
maybe we will get a surge on from $70 the shale oilers seem to have learnt the lesson according to report last night.

hxxps://oilprice.com/Energy/Crude-Oil/Shale-Restraint-Could-Lift-Oil-To-80.html

The EIA made headlines a few days ago when it predicted that U.S. oil production would surge this year and next, topping 11 million barrels per day by the end of 2019.

But shale executives repeatedly promised their shareholders that they would be prudent this time around, eschewing a drill-no-matter-what mentality that so often led to higher levels of debt…and ultimately to lower oil prices. Shale executives repeatedly insisted in 2017 that they would not return to an aggressive drilling stance even if oil prices surged....................

We will soon find out if oil in the mid-$60s can entice shale drillers to shed their caution and jump back into action in a dramatic way. For its part, Goldman Sachs seems to believe the promises from the shale industry.

The investment bank said that at an industry conference in Miami on January 10-11, shale executives reiterated their strategies of caution. “Shale producers are largely not looking to use $60+ oil in their budgets and spoke more proactively about debt paydown, corporate returns and returning cash to shareholders.”

[karateboy] 11/1/2018 20:25

That 25000 at 09:03 was mine. I increased my holding this morning before going to work.lets see if we can go to 150p before 25th. I assume Genl owns 25% of the fields mentioned in the job advert? Is that correct? I know Genl owns 25% of Tawke and Pesh. I haven't heard Genl owns 25 % of Erbil PSC heavy oil field.

[panagos] 11/1/2018 19:53

You think so?

They need some "natural gas" experience for Pesh it says...

[nicksig] 11/1/2018 19:48

Pana - maybe pogue should apply?

[panagos] 11/1/2018 19:20

Development Manager


DNO is Norway's oldest oil and gas company. DNO has a more than 40-year history and has interests from the North Sea to the Middle East and North Africa. DNO has a leading position in reserves and production in Kurdistan, Iraq operating the Tawke and Erbil PSCs. Daily oil production is approximately 115,000 barrels per day.



DNO is moving forward with multiple PSCs in Kurdistan, Iraq. Within the Tawke PSC there are two fields – Tawke and Peshkabir. There are two other fields progressing with plans, including the Benenan heavy oil field in the Erbil PSC. We are looking to formalise the position of Development Manager for these PSCs to be assigned fields based on background, experience and unique characteristics of each field – e.g. results of current drilling and project activity. The Development Managers will be part of an international dynamic working environment characterized by highly experienced, skilled and motivated employees.



The Development Managers are based in the Dubai office and are key members of the Kurdistan Business Unit leading, managing, planning, coordinating, supporting and supervising hydrocarbon development activities for the fields they are responsible for.


Health, safety, environment and security are core values at DNO and are taken incredibly seriously. The Development Managers will be responsible and accountable for leading project delivery in a safe and environmentally sound manner and setting the tone for delivery and operational excellence for all field projects.



Job summary:

The job scope can best be characterised as an interplay between subsurface field appraisal and development, facility projects preparation/execution and operations. The Development Managers will be responsible to effectively and efficiently grow commercial assets and will report to the Kurdistan Development Manager / Deputy GM.

The Erbil PSC contains discovered heavy oil fields with total oil in place exceeding two billion barrels. The deep heavy oil accumulations do not lend themselves to traditional heavy oil extraction methods and the field development has a high appraisal and feasibility study component. Four wells have been drilled to date and further wells and operational activities are in the advanced planning stage.

The Tawke PSC produces oil from carbonate reservoirs, has been operating for over 10 years and has produced over 200 million barrels of oil. Water production is projected to increase and there are plans in place to install 30,000 bbls/day water treatment facilities.

The Peshkabir field is in very early development with promising results. There are plans for gas recovered from Peshkabir to be dehydrated, sweetened and injected elsewhere as part of an envisaged EOR scheme. This will require significant surface facilities and project capability.

The Development Managers for each PSC will take a holistic approach and manage and co‑ordinate activities across functions from G&G to Commercial. The Development Managers will be the key focal point for PSC development and interface with all concerned functional support to build plans and deliver agreed project outcomes.

In addition, with the cooperation and support of the General Manager and DNO Functional Managers, the Development Managers will be accountable for delivery of Kurdistan targets relating to all PSC project activity, including significant external stakeholder interaction.

The Development Managers will be expected to:

Work with DNO Functional Units and the Kurdistan Business Unit to develop integrated business plans for each PSC
Conduct all required activities to ensure projects and programs are executed safely, on-time and budget with commercial outcomes meeting DNO’s economic criteria
Deliver regular, timely updates, cost reports and schedules for PSC projects and programs
Visit Kurdistan office and make site visits to follow-up on PSC development programs as required
Co-ordinate evaluation of technologies and methods that minimise over all development costs for the available resource
Support the GM Kurdistan and others in reporting PSC project activities to DNO COO, Executive Committee, JV Partners and Kurdistan Government


Key Responsibilities

Development and keeping up to date Asset Reference Plan for the PSC as basis to maximize the asset value and the medium and short term business plan development
Development of commercial, well integrated business plans to optimize value from the PSC resources
Plan and define PSC development both short and medium term, including co-ordinated input to DNO Iraq’s yearly budgets and five (5) year plans
Safe and responsible project delivery against all project, production, HSSE plans and targets.
Prepare Asset Budget proposals, monitoring and management of actual spend vs. budgets
Define scope of work for both major and minor modifications to the installations and co-ordinate with Business Unit and Functions to achieve timely delivery
Key interface with Joint Venture partners for alignment of plans, programs and budget; securing timely budget and project approvals
Assure compliance with PSC, JOA and DNO internal policies and procedures
Support GM in the engagement with Kurdistan Government on PSC activities
Assist in developing DNOs expertise e.g. in heavy oil, underbalance drilling, facilities or EOR and liaise with Functions and vendors to ensure best practice technology is applied to DNOs projects


Required Qualifications & Experience:

The candidate ideally holds a degree in Engineering, Subsurface or technical degree with broad E&P experience
Has had exposure in career to the full E&P value chain
Experience in both IOC major(s) and smaller more entrepreneurial environments
15 years or more experience in upstream oil and gas across, technical, operations and project management roles with at least 5 years’ experience in leadership of a multifunctional development project.
Commercial exposure will also be highly regarded, in particular in a Joint Venture (JV) environment.
As this is job description for more than one position experience in: topsides facilities e.g. sweetening and dehydration and EOR would be highly regarded for Tawke and experience in heavy oil would be highly advantageous for Erbil.
Another avenue for a likely successful candidate would be through well engineering and experience of integrating reservoir, wells, completions and projects.
Preferably experience in working in Middle East and in with multi-cultural teams


Key Competencies:

Exhibits safety leadership throughout project life cycle
International experience, ideally with past monetization of complex assets through the development phase leading multi-functional teams
Experienced in developing oil and gas in frontier environments
Proven capability of delivering value outcomes in a challenging environment
Experienced in-field development and related pre-FID activities
Sound understanding of risks, both Business and HSSE, controls for drilling, construction, oil and gas production and associated logistics and other supporting activities
Highly developed project management skills
Identifies and rectifies emerging risks before they impact the business
Experience in managing and/or operating heavy oil projects will be highly regarded


Key Attributes:

Passionate leader of multi-functional teams with strong focus on safety
Proven team builder who sets tone for desired culture
Flexible working style with adaptability
Strong Project Management skills
Open communication style
High energy, strong work ethic
Proven ability to develop others
Willingness to frequent and if necessary extended travels to Erbil and field locations in Kurdistan
Ability to achieve results in a small company through initiative and taking accountability
Ability to cope with pressure, complexity, rapid changes of external factors and ambiguity and bring order and clarity
Able to effectively deliver in a matrix team environment
Good delegator but prepared to self-deliver when needed – a working manager

[gregpeck7] 11/1/2018 19:15

This is just going up because it's stupid cheap. I personally think we are on a run to 200p now, probably next few months.

[tidy 2] 11/1/2018 17:31

Thanks guys. Poo flying you could if mentioned GENL sooner Topaz :)) it's one I didn't have on watch. Thank you tho. Thumbs up.

[topazfrenzy] 11/1/2018 17:19

£3 is my target tidy but it'll take some time, £2 soonish I would say

[nicksig] 11/1/2018 17:16

I’m hoping it’ll retest £1.66

[urchin1] 11/1/2018 17:07

Going to say 150p next week

[tidy 2] 11/1/2018 16:49

Nice tip topaz. What's your Targets here guys. I bought earlier.

[nicksig] 11/1/2018 16:38

Nice auction. Chart looks great imo