Genel Energy Share Discussion Threads

[nicksig] 15/3/2018 08:00

That is because of existing production (take away the 40) which means a slight increase for p1 and p2

[newswseller] 15/3/2018 07:59

Back to school lad.. p1 and p2 are higher, as you have to take into account the amount they have produced (the middle number)

[d1nga] 15/3/2018 07:59

Add in the 40 million that they produced over the year and its slight revision up
I suspect they'll revise further up once more data from pesh is acquired

[lw425] 15/3/2018 07:58

No they are up because you have to take off the 40m barrels from 2017 production.

[nicebut] 15/3/2018 07:56

Yeah I can see the P3 increase- But P1 and P2 are down a bit.

[nicksig] 15/3/2018 07:44

Plus contingent resources have become reserves

[d1nga] 15/3/2018 07:44

Nice you need to add in the 40 million produced so slight revision upwards

[gregpeck7] 15/3/2018 07:42

They have gone up and beat in mind it also considers one year of production extraction at 100,000 bopd. So that's 30 odd million barrels of oil.

[nicksig] 15/3/2018 07:41

Hasn’t it gone up as the technical revision numbers positive in each case with a big upward revision for p3 presumably because of Pesh?

[hawkey2] 15/3/2018 07:41

DNO Releases 2017 Annual Report and Annual Statement of Reserves and Resources; Records Higher Revenues, Profits, Production and Reserves

Oslo, 15 March 2018 - DNO ASA, the Norwegian oil and gas operator, today released its 2017 Annual Report and Accounts together with its 2017 Annual Statement of Reserves and Resources and reported improvements across key financial and operational metrics.

Annual 2017 revenues climbed to USD 347 million, up 72 percent from year earlier levels. Operating profit totaled USD 521 million, up from USD 6 million in 2016, with the recognition as other income of USD 556 million under the August 2017 Kurdistan Receivables Settlement Agreement. Excluding the settlement agreement and non-cash impairments, operating profit in 2017 more than doubled to USD 72 million. And notwithstanding a doubling of operational spend to USD 259 million, the Company ended the year with a cash balance of USD 430 million.

Company Working Interest (CWI) production increased to 73,700 barrels of oil equivalent per day (boepd) from 69,200 boepd in 2016 (operated production in 2017 was 113,500 boepd, up from 112,600 boepd in 2016). Lifting costs last year averaged USD 3.6 per barrel of oil equivalent.

DNO's production continues to be driven by the Tawke field in Kurdistan, where output in 2017 averaged 105,500 barrels of oil per day (bopd). The adjacent Peshkabir field, brought on stream midyear, contributed another 3,600 bopd to bring total Tawke license production to 109,100 bopd in 2017. The Company plans to bolster production from the license with 10 new wells in 2018.

"We are committed this year to continue to outdrill, outproduce and outperform all other international companies in Kurdistan - combined," said DNO's Executive Chairman Bijan Mossavar-Rahmani.

At yearend 2017, DNO's CWI 1P reserves climbed to 240 million barrels of oil equivalent (MMboe) from 219 MMboe at yearend 2016, after adjusting for production during the year, technical revisions and an increase in DNO's operated stake in the Tawke license from 55 percent to 75 percent. On a 2P basis, DNO's CWI reserves stood at 384 MMboe (up from 368 MMboe) and on a 3P basis, DNO's CWI reserves stood at 666 MMboe (up from 521 MMboe). DNO's yearend 2017 CWI contingent resources (2C) were estimated at 99 MMboe, down from 161 MMboe at yearend 2016, following reclassification of certain contingent resources to reserves.

On a gross basis, at yearend 2017, 1P reserves at the Tawke license containing the Tawke and Peshkabir fields totaled 348 MMboe (353 MMboe at yearend 2016) after adjusting for production of 40 MMboe during the year and technical revisions; 2P reserves totaled 513 MMboe (536 MMboe at yearend 2016); 3P reserves totaled 880 MMboe (725 MMboe at yearend 2016) and 2C resources totaled 91 MMboe (211 MMboe at yearend 2016) following reclassification.

[nicebut] 15/3/2018 07:37

Gone down hasn't it?

[nicksig] 15/3/2018 07:32

Yep more good news

[gregpeck7] 15/3/2018 07:16

Some significant upward revisions in the tawke license there. All looking good.Gp

[losses] 14/3/2018 22:10

ERBIL - Following the lifting of the flight blockade of Kurdistan Region airports, Iraqi Interior Minister Qasim al-A'raji said on Wednesday that the other disputes between Erbil and Baghdad are to be resolved soon.Speaking to reporters from Sulaymaniyah after his visit to Erbil, A'raji said that the remaining issues will also be resolved within the framework of the Iraqi constitution."There are no huge disputes [between Erbil and Baghdad], but different views," he stated.Concerning the salaries of some Kurdish public servants, the Iraqi minister confirmed that PM Haider al-Abadi has agreed to send the wages before the Kurdish new year which falls on 21st March.

[hawkey2] 14/3/2018 21:27

Every little helps........


hxxp://www.kurdistan24.net/en/news/3bacf115-ad05-459d-a80d-04eaa2c2a5da

hxxp://www.rudaw.net/english/kurdistan/140320188

hxxp://www.basnews.com/index.php/en/news/kurdistan/422596

[kulvinder] 14/3/2018 18:04

Guys we all know this is another KAZ, VED, patiance is required. If Gas is ANOUNCED this will rocket..IMO, but please DYOR.... good look alll.

[kris akabusi] 14/3/2018 16:26

C'mon bloooooooooo finish

[nicksig] 14/3/2018 11:14

Looks to me like there is still a buyer here. Go go GENL. Boomage please

[kris akabusi] 14/3/2018 08:31

Holding steady, boomage stage 2 imminent

[losses] 14/3/2018 05:38

Are we heading for 165 next stop!!!

[losses] 14/3/2018 05:34

U.S. Increases Oil Exports Gains Asian Market Share Says Damain's Al Rantisi https://uk.finance.yahoo.com/video/u-increases-oil-exports-gains-050658811.html

[losses] 14/3/2018 05:34

U.S. Increases Oil Exports Gains Asian Market Share Says Damain's Al Rantisihttps://uk.finance.yahoo.com/video/u-increases-oil-exports-gains-050658811.html

[hawkey2] 13/3/2018 21:48

Gas Bits & Pieces.........

hxxp://www.iraq-businessnews.com/2013/01/23/genel-completes-acquisition-of-miran-block/

hxxps://thorolddewling.com/genel-energy-buys-21-of-bina-bawi-for-240m/#.WqhFZ62cYdU

hxxp://www.worldoil.com/news/2015/9/15/genel-energy-buys-omvs-stake-in-kurdistan-s-bina-bawi-field

hxxps://www.woodmac.com/reports/upstream-oil-and-gas-miran-and-bina-bawi-26656149



hxxp://www.iraq-businessnews.com/2012/08/21/genel-energy-buys-more-kurdish-assets/