Genesis Petroleum Share Discussion Threads

[geoff hind] 06/3/2008 16:50

I've been a holder of these for some time now. Glad to see some movement.

There is very little free float so these will rise quickly.

Anyone getting in early tomorrow at these prices will do well as they are increasing with almost every buy.

We will see 45p tomorrow

[wookie77] 06/3/2008 16:48

Welcome cecky.......you'll double your money here within the next few weeks imo, so put your feet up and enjoy the ride!

[barrywhit] 06/3/2008 16:48

Jim,

This one would be a good start for a first drill:

In the results of the UK 24th Round of Licencing announced by the DTI on the 1st February 2007, Genesis Europe was awarded a 100% interest and operatorship of Block 16/8c. This award constitutes the first block acquired by Genesis Europe. The award was for a Traditional Licence.

Block 16/8c is located in the central/northern part of the North Sea bordering the UK/Norwegian median line. The field is surrounded by numerous oilfields with the Brae/Miller/Kingfisher oilfield complex immediately adjacent to the west.

The block contains an undeveloped oil and gas accumulation, discovered by well 16/8c-13, drilled by Marathon Oil in 1993. The well, although untested, encountered oil in at least two intervals in the Upper Jurassic Brae sands that are equivalent in age to the reservoir interval for the adjacent Brae/Miller/Kingfisher complex.

The work programme to be carried out over the next two years, includes the acquisition of new 3D seismic data, and is designed to evaluate the extent of the suspended 16/8c-13 discovery, and also to identify additional potential at Upper Jurassic levels. The new data will be integrated with older seismic and processed Multi Azimuth to extract as much information as possible. This licence is an important arena for Genesis' cooperation with PGS in developing and testing new technologies. Genesis Europe recognises additional potential at shallower stratigraphic levels.

[ceckyspunt] 06/3/2008 16:42

hello all,
i just jumped ship, so to speak, from sey where things are really dire.
never heard of GPC til about half an hour ago when someone gave a tip, a quick read, a look at my trading statement and here i am...
in for a very small 2897 shares at a disgraceful 35p...so im in at the top end but im hopeful of getting it back at some stage, maybe even tomorrow all being well, oh and i havnt deserted SEY, im still bogged down in their quagmire of their own making.
this share is well down from its previous highs, so i guess some of you are looking at significant losses, just like many of the guys on the SEY bb, i really hope we all do well over the next few years, weeks, days.
good luck all...

[ali00] 06/3/2008 16:37

Anyone who gets into these over the next day or two are going to see some healthy returns!

[wookie77] 06/3/2008 16:30

i expect drilling programme to be released with results which could be any day now....i'm thinking an rns tomorrow in time for some weekend press?

[barrywhit] 06/3/2008 16:25

Afternoon Jim,

Yes nice to see the rise, as we have said, this will move very quickly on drilling programme........

[jimarilo] 06/3/2008 16:24

Hi Wookie,

Looking very nice, would like to be on here a bit more but internet connection not fixed yet

Having to steel time on other peeps pc's currently ;-(

100K is still very little volume for a 19.6% rise .....intsi's topping up maybe ahead of drilling imo

[mikehardman] 06/3/2008 16:21

32/35 - new high for 2007 now - air much fresher now;
seeing the benefit of the small free float

[haydock] 06/3/2008 16:19

Finally dipped my little toe in your oily waters today.
Watching for a while so took a v. tiny plunge.

[haydock] 06/3/2008 16:19

Finally dipped my little toe in your oily waters today.
Watching for a while so took a v. tiny plunge.

[seanmiller] 06/3/2008 16:19

mm's ganging up lol,

lvl 2 is 3v3

classic action to take the heat off the increase.

will they stop it??

more buys coming in I see.............so maybe not...

[mikehardman] 06/3/2008 16:15

added more, 32 - ticked it up again, and now OMLOTO@33 :)
even beating CDN in terms of % gain today now :)

another move like in 2006 would be nice

[wookie77] 06/3/2008 16:12

Hello Jim, was feeling a bit lonely here, nice to enjoy the ride with someone at last! If we get thru 32p then we're in breakout territory!

[jimarilo] 06/3/2008 16:11

This is more like it BW .......60p with spud announcement, possibly in a couple of weeks ?

Drilling programme due as well, some of GPC's N/sea blocks are already oil discoveries, so will be interesting what one we drill first ;-)

[wookie77] 06/3/2008 16:10

30.5 - 33! Moving quicker now!

[wookie77] 06/3/2008 16:10

30-33.....where have the sellers gone! lol

[wookie77] 06/3/2008 16:02

now 30-32!

[wookie77] 06/3/2008 15:17

i think we may get news/results tomorrow including a drilling update or date of commencement....

[mikehardman] 06/3/2008 13:33

added, ticked it up a bit more;
getting interesting, sniffing much fresher air;
results soon (9mar last year)


just as a reminder:

it's got a fair collection of assets in the N. Sea


note the significant shareholdings:
- PGS 29%
- Aker 30%
- management 15%
- Lehman Bros 6%
- Arctic Securities 6%
...leaving just 14% free float - so it can move quickly
...and I am hoping for just that, since Ventor sold out (to Arctic) in mid-Feb

oh, and the long-term (since Nov04) semi-log falling R has also been broken upwards (at 6th attempt - ie. quite well defined)

[barrywhit] 06/3/2008 13:30

Looks like we may have attracted the "T" traders over the last couple of days, lets just hope the nutters don't start to appear.....no advice intended...lol

[wookie77] 06/3/2008 09:52

another tick up coming. Buying above the offer now.