Genesis Petroleum Share Discussion Threads

[barrywhit] 19/9/2007 09:56

Morning rdpounder,

All very true, i just have a good feeling about this company, they seem to be doing things right, and have very strong experienced backing via the two Norwegian companies and their own management, all we need know is some oil & gas....

[rdpounder] 18/9/2007 17:46

£11m cash, a rig secured, interest in several licences, a highly experienced team, narrowing losses, significantly lower expenses, drilling contract being worked on at the moment....
It's taking time (as you'd expect), but I'm reassured that things are being managed very well here

[barrywhit] 18/9/2007 10:44

Morning All.......

Yes, button-it digger........lol

[digger27] 18/9/2007 10:37

I hate it when that happens... will keep it buttoned in future!!

[digger27] 18/9/2007 09:53

No frills and stating the facts, at least we know what they are up to. No interest shown by the market though.

[rdpounder] 18/9/2007 07:36

Interims out...

Interim Results for the period ended 30 June 2007

Genesis Petroleum Corporation Plc, an oil and gas exploration group with assets
Offshore UK and Norway, today announces its interim results for the period ended
30 June 2007.

HIGHLIGHTS

Operations

• Pre-qualified as a Licensee with Norwegian Ministry of Petroleum and Energy
• Awarded interests in three new licences in the UK North Sea
• Awarded interests in two production licences offshore Norway
• Drilling contract for first well in 2008 under negotiation

Corporate

• Raised £10 million through issue of 50 million new shares
• Strategic investment from Petroleum Geo Services and Aker with each taking
25 million shares
• Appointment of two non-executive directors from Petroleum Geo Services and
Aker as per terms of fundraising

Financial

• Cash balance of £11 million at the end of the period
• The Group made a loss of £0.9 million during the period
• Commencement of reporting Interim Financial Statements under the
International Financial Reporting Standard


Gerry Harrison, Chairman, commented:

'The first half of this year has seen dynamic news flow with the Company further
expanding its portfolio both in the UK North Sea and offshore Norway.

The successful fundraising earlier in the year has allowed the Company to
progress with its drilling plans and subject to contract the Byford Dolphin
drilling rig should commence operations for Genesis in 2008.

In the second half of 2007 we anticipate confirmation of the location of our
first well and expect to take part in applications for more acreage offshore
Norway.

We remain on track to delivering to our goals and are well positioned to
significantly add to shareholder value.

[barrywhit] 14/9/2007 09:02

Correct........

[joestalin] 14/9/2007 08:03

Best Price -- worst dealing costs though.

depends on what size trades you make.

[barrywhit] 13/9/2007 12:22

digger,

My broker always has to ring the markets for any trades in GPC....i don't trade electronically....you get the best price if they ring the market.....imo

[digger27] 13/9/2007 11:21

I tried a dummy sale yesterday of 10k and tdw couldn't get a firm price so it would have meant phoning in. A 5k dummy sale was allowed at 26p.
Tried again just and they would be quite happy to take 10k at 29p.

Hope this means they are looking for shares and may have to bump it up a bit more?

[digger27] 13/9/2007 10:00

About time too.

[barrywhit] 07/9/2007 16:38

Order must be Filled!!!

[digger27] 07/9/2007 15:21

Taking advantage of general market turmoil I reckon. Flippin yanks and their payroll figures. If it's not one thing then it's another.

[digger27] 04/9/2007 18:29

Just got back in to see it recovered. Strange goings on here...more than meets the eye methinks.

[fludde] 04/9/2007 15:22

True- and not for the first time.

Either this is now going to make some progress on the release of postive news (likely), or there will be no news and a slow slide back to previous lows (unlikely)

[digger27] 04/9/2007 15:06

If it got to sub 20p then it would signal that something was radically wrong and you would see 12p!!!!

[fludde] 04/9/2007 15:04

Not hefty enough for those of us who were hoping to buy back in sub 20p!

[digger27] 04/9/2007 14:02

Bit of a hefty drop.

[captguns] 04/9/2007 11:05

The semi-submersible drilling rig Byford Dolphin has spudded the first well in an AGR Group-managed seven-month, multi-well, multi-client programme in the Bay of Biscay, off south-west France.


AGR said the well will be the first to be sunk off France since 1998, and is being drilled on behalf of operator Vermillion Energy Trust.

The remaining wells in the programme will be drilled in the North Sea for, amongst others, Nautical Petroleum, Xcite Energy Resources and Genesis Petroleum.

[digger27] 31/8/2007 08:35

Trying to outwit us with an early rise now,,, bring it on.

[barrywhit] 30/8/2007 17:15

Details of the rig contract, costs etc.. are due soon, a drilling programme would also be most welcome......

[digger27] 30/8/2007 16:59

Long may it continue but I still think a bit of news perhaps a drilling programme as was suggested is due soon.

[barrywhit] 30/8/2007 16:53

There just aren't many shares available, so most activity is done between MM's at present....only 4 MM's shown as dealing in GPC, so when one gets an order they take out the others on the offer side........imho....there has been 375k of "T" trades this week and most have been filled via MM trades.......