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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Genesis Petro | LSE:GPC | London | Ordinary Share | GB00B1435395 | ORD 3P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 8.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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09/7/2009 18:27 | shafted .... thanks | buzzyl | |
09/7/2009 17:13 | Looking at the quality of the blocks they can only be said to be giving it away cheaply. Good long term situation especially with Norways generous terms for drilling. Why the rush, cash was adequate, drilling was next year, costs were declining? Anyway looks like the decisions have been made for us, unless another company spots the obvious bargain situation. | haydock | |
09/7/2009 16:04 | Errrr, are you having a laugh!!?? | rdpounder | |
09/7/2009 09:49 | Offshore247.com » News » Exploration » |-| Norway Deepsea Atlantic targets Gullfaks area Published 08.07.2009 10:30:49 by John BradburyStatoilHydro has received permission to drill a new appraisal well in the Gullfaks field area operating with the Deepsea Atlantic semi-submersible. Now this time at last we have blocks all around this new licenced drilling proposal. One to watch: Norway's Petroleum Directorate has given a green light for the 34/10/52-S well in block 34/10 covered by Production Licence 050 which includes the Gullfaks field area and part of the Gulfaks Sør (South) field. Statoil operates the licence with 70%, partnered by Petoro with 30%. Also at the start of this month the NPD granted VNG Norge AS formerly Endeavour Energy in Norway to drill another exploration well in Production Licence 270, covering parts of block 35/3. The permitted 35/3-7 well is to be drilled by VNG operating with the Bredford Dolphin, partnered by RWE Dea. The area was awarded under the North Sea Awards 2000 licence round and this will be the second well on the acreage | haydock | |
08/7/2009 09:29 | Partner in Norway has struck oil & Gas, near our holdings? Offshore247.com » News » Field development » |-| Norway Grosbeak could go it alone Published 08.07.2009 10:11:46 by John BradburyNorway's Petroleum Directorate has confirmed the the Grosbeak discovery just 10 km (6.25 miles) northeast of the Fram field which could well be commercial in its own right with reserves estimated near to 200 m bbl of oil. Grosbeak was successfully drilled by operator Wintershall and partners with an estimated reserves base of between six and 30 standard cubic meters (37 188.7 m bbl) of oil confirmed by the NPD, which could be big enough to justify a stand alone development. Given the size of the estimated reserves, Grosbeak could well become a new hub given that StatoilHydro is proceeding with its own Gjoa development using a stand-alone semi-submersible platform offshore Norway based on reserves quoted at 82 m bbl of oil and condensate, plus 40 Bcm of gas. The NPD said the Grosbeak find revealed earlier by the Norwegian Oil Company (Noreco) was drilled with the 35/12/-2 well by the Songa Dee semi-submersible drilling in Norwegian Production Licence 378, located 85 km (53 miles) off the coast from Florø. Today the NPD also confirmed that the well had two targets, to prove petroleum in Upper Jurassic Sognefjord and Fensfjord formations and in a Middle Jurassic Brent group. "The well proved oil and gas in the Sognefjord formation and oil in the Brent group. Extensive data acquisition and sampling have been carried out in both reservoir zones," the NPD stated today. Also the NPD confirmed the size of the find, put at between six and 30 Mcm (37 188 m bbl), after the Songa Dee operating in a water depth of 360 m (1,180 ft) drilled the Grosbeak well to a vertical depth of 2,512 m (8,239 ft) and terminated the hole in a Middle Jurassic Rannoch formation. Wintershall operated the well with 40%, partnered by Premier Oil Norge, Noreco and Spring Energy, which each have 20% equity in the PL378 licence block. Next, the Songa Dee is due to move to PL 360 in the Norwegian Sea, to drill an exploration well for DNO, designated 6407/2-4. | haydock | |
15/6/2009 16:13 | Yet more news today & a few quid saved. Offshore247.com » News » Subsea » |-| United Kingdom Well campaign extends Published 15.06.2009 13:12:57 by John BradburyAberdeen-bas Genesis, Perenco, and DNO International have each contracted TS Marine to tackle previously drilled wells, increasing the value of the work programme to the contractor to over £4 million. Back in April the offshore group was contracted by Tullow and Centrica to decommission three previously suspended wells and the work was due to commence in the third quarter this year but since then the three operators have sought decommissioning to be carried out on another five wellbores taking the multi-client programme to eight wells. By carrying out the work on all wells in a single campaign, the cost of mobilisation and transit for a multi-purpose vessel will be cut, and the extended programme in the UK Central and Southern North Sea is scheduled to take 25 days. Work will involve permanently cement plugging and abandoning the wells, plus the severing and recovery of wellheads, and recovery and disposal of oil-based mud. It follows on from a similar multi-client well abandonment campaign for BP, Tullow Oil and Perenco conducted by the company last year. Tim Martin, TS Marine's regional director for Europe and Africa said he expects the scope in this market to expand. "The trend for multi-client well abandonment projects is increasing, primarily because operators are sharing fixed costs with each other and realising the cost savings that can be achieved from a single mobilisation. | haydock | |
15/6/2009 16:13 | Also it is in safe water, hence no problem of licenses being revoked.....i.e Nigeria, Russia......etc. | barrywhit | |
15/6/2009 16:06 | Well for the living daed of aim this is the sort of noises that show signs of life. Hopefully followed now in the next 2 qtrs, by announcements of plans for drilling next year. | haydock | |
15/6/2009 14:20 | Corporate * Entered into loan agreement to finance tax refund related to exploration expenditure offshore Norway reducing the cash cost of exploration offshore Norway to approximately 26% of actual expenditure | barrywhit | |
15/6/2009 14:14 | They're going to have to raise some cash to drill. | bsg | |
15/6/2009 14:05 | I'm afraid it never does.....but a very good medium to long-term hold....imho i will add when funds are available...... | barrywhit | |
15/6/2009 14:00 | Fingers crossed, share price doesn't seem to reflect the amount of potential the company has and the amount of prospects!? | mike_f | |
15/6/2009 13:56 | All licenses are good news Mike, but they have promised to drill within 3 years, so no hurry.....They are building up a very good portfolio of licenses, lets hope they strike lucky with their next drill...... | barrywhit | |
15/6/2009 13:52 | Is this news not as good as i have read it or something? Was expecting a good rise on the back of it... | mike_f | |
15/6/2009 13:02 | Great news could have a good move up now... | mike_f | |
15/6/2009 08:53 | Are these guys doing anything this year? It looks like they would find it difficult, to locate a can of oil in halfords. | ackland | |
10/6/2009 10:08 | Local, very local & being developed too: Offshore247.com » News » Licensing » |-| United Kingdom ATP adds North Sea oil block Published 09.06.2009 17:36:24 by John BradburyHouston-head ATP which has a UK office in Guildford, Surrey, said today it has been awarded block 9/21a in the Northern North Sea in partnership with MOST Oil and Gas Limited, by the UK government's Department for Energy and Climate Change under the UK's 25th Offshore Licensing Round. Each partner will hold 50% equity in 9/21a, which ATP says contains an undeveloped oil discovery made in 1990 lying in a water depth of 114 m (374 ft), which it did not name. However it did say the the find lies in a Palaeocene sandstone at a depth of 1,097 m (3,600 ft), and added: "ATP will work with its partner to advance technical work and drill an appraisal well." Block 9/21 lies to the west of the BP-operated Harding oil field in block 9/23, which came onstream in April 1996. Mapping of the block by Wood Mackenzie indicates an oil discovery drilled with the 9/21-2 and the block lies northwest of the area covering the Crawford field which is undergoing redevelopment, operated by Fairfield Energy. | haydock | |
08/6/2009 09:01 | Very Interesting Article: Offshore247.com » News » Field development » |-| United Kingdom Development boost from field allowances Published 04.06.2009 11:02:38 by John BradburyDetailed analysis of how the new small field allowances and other measures introduced in the UK Budget to boost development might work has pointed to the possibility that between 28 and 139 discoveries could be turned into viable proejcts. After looking closely at the impact oif the Small Fields, Ultra heavy oil and Ultra HPHT (high pressure-high temperature) allowances unveiled by Chancellor Alistdair Darling in his Budget in Aprill, offshore consultant Hannon Westwood ran a series of development scenarios based on different oil prices, using its database of UK North Sea discoveries and came up with a range of possibilities. With 259 discoveries in the small field's category in its database and with 235 of them thought to have up to 20 m boe of reserves, HannonWestwood believes the number of these that could move to commercial status could more than double from 12 to 28 if the £75 million small fields allowance is applied with an oil price at US $45/bbl. If oil prices were $60/bbl, then the number of discoveries in the 20 m bbl or less category which could benefit from the allowance and move to commercial status is 139 fields. HannonWestwood managing director Jim Hannon says the new allowance appears to have been pitched to reflect a medium oil price of $60/bbl or to reflect falling capital and operating expenditure plus well costs. "On the other hand, if [the] oil price falls below $45/bbl, the new £75 million Allowance might still be sufficient to underpin an adequate (or practical) number of projects, given the limits on rig supply," he says. Hannon goes on to state his belief that the significance of smaller discoveries could have increased "significantly" as a result of the Treasury move, making asset acquisitions and farm-in deals much more attractive to cash-rich companies. "It is doubtful whether the capital markets are able to reflect the increased value of small discoveries in market capitalisations, suggesting that companies in acquisition mode should consider whether discoveries are more efficiently come by through corporate acquisition than piecemeal purchases or farm-ins," Hannon adds. | haydock | |
06/6/2009 11:13 | Snippet from the Dana BB. A Fool report on the AGM. Norway Dana's view is that prospects in Norway are better that in the UKCS, because Norwegian waters have not been as extensively explored. Norway is making blocks available that have not been explored at all previously, whereas all UKCS blocks have been previously evaluated, so only relicensing opportunities are available. Three Norwegian wells planned for 2009: Fulla (10% Dana): successful gas discovery, 60-105MMboe; Trolla (30% Dana) 3Q09, P50 390MMboe, 25% CoS; Jetta (30% Dana) Sept 09, P50 40MMboe, 33% CoS. | haydock |
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