Geopark Share Discussion Threads

[woodcutter] 17/6/2013 14:08

estimated revenue £240m+ pretax £60m+ eps 80p+ (i think that'll be smashed imv.)Market Cap £256m. figs from digital look.

market bonkers!!

keep buying any dips

[sharpshare] 17/6/2013 13:58

Very nice flow rates from the Tarotaro 1 well.
2,239 barrels of oil per day from just 1 well!

[loafingchard] 17/6/2013 11:42

Agreed, operations are progressing very well. Added a few this morning. GLA.

[tyler90] 17/6/2013 10:37

Cannot complain with the management; regular updates & regular success. Market will catch on sooner or later. To build an enterprise heading towards a potential annual revenue of $500m is not easy and deserves recognition.

[zengas] 17/6/2013 10:00

Block 34 wells

TaroTaro was an exploration well with 45% Chance of success so a new field discovery and immediately able to sell the oil.

Already spudded TaroTaro 2 appraisal on block 34 which is an additional well in their overall programme.

Estimates range from 1.63 - 22.58 mmbls resources for TaroTaro.

This is the same block as the recently discovered Tua field and it has similar sizeable resources also. Tua 6 to be drilled coming quarter.

Max discovered/producing field block 34 - Max-3 drilling this current quarter.

Tigana prospect exploration well block 34 (40% COS) drilling 4th quarter.

Production was circa 18,000 boepd (including the Manatai field acquisition in mid May) and roughly $400m year revenues (Q1 was $89.9m and the acquisition of Manatai in mid May generated $45.9m/year or circa $11m+/quarter).

If they could build a further 4500 boepd of additional production, it would take them to the $500m/yr revenue level. In the last 18 months they've added about 6,000 boepd via 3 acquisitions.

[thegreatgeraldo] 17/6/2013 08:41

Clearly not what the market wants! More bloody oil.... ;-#)))

[woodcutter] 17/6/2013 08:37

added again

WC

[this_is_me] 17/6/2013 08:17

Something like that.

[woodcutter] 17/6/2013 08:07

Well more good news

At 2000 bpd 45% holding that's roughly $33m revenue if my sums are right.

Woody

[this_is_me] 17/6/2013 08:00

Positive news flow continues!

[tyler90] 13/6/2013 09:06

Oil from the Guadalupe formation already being marketed & sold. GPK getting on with the business and delivering the goods. Just a matter of time before the market eventually recognises the potential here.

[this_is_me] 06/6/2013 10:16

The increasing cash flow should mean no more bond issues and the bond paid off in 2020 from cash.

[thegreatgeraldo] 06/6/2013 10:13

I'd have thought it worth the company mentioning that they have 75% of the Yamublock.

[woodcutter] 06/6/2013 09:00

had my second nibble.

WC

[cupra kid] 06/6/2013 08:13

Indeed Niels, I've took a few more early doors :)

[nielsc] 06/6/2013 08:08

Another new oil field discovery. Great stuff. This company makes it look so easy :-)
Has the market taken note? Not yet, but they will one day when they start to see the cash rolling in.

Cheers,
Niels

[woodcutter] 03/6/2013 10:30

very undervalued, had to have a nibble

Woody

[this_is_me] 03/6/2013 07:44

Excellent revenue growth, profits funding exploration and development.

[nielsc] 31/5/2013 16:50

Woodcutter,

Reading back through some of the posts on this bb will give you some good information.
From recollection LG took a stake in GPK at around a £11 a share cost. So they definitely see some worth in it.

Also Macquarie covered GPK in the past. I think they had a £9 target for GPK.

Cheers,
Niels

[tyler90] 31/5/2013 15:05

A fund manager tucking a few of these away could do a lot worse. If an institution began to take a position in this they would be in profit by the time they had acquired their target holding!

[woodcutter] 31/5/2013 15:01

very tightly held and looks like the managment have a controlling interest or very close to one. don't normally like that but the valuation does look very compelling.

Don't see much institutional interest as pointed out by someone, probably due to liquidity. Will do a little more research on depth of resources/capacity etc.

Woody

[zengas] 31/5/2013 14:43

Q1 production was 13,426 boepd (10,480 oil + 2,946 gas).
Revenue $89.8m.

The acquisition of 10% of the Brazilian Manati gas field earlier this month had revenues of $45.9m based on 3,686 boepd for 2012 which had increased to 4,140 boepd in Q1.

Revenues are running at circa $101m per quarter now ($400m+/year).
This should also help with strategy of future acquisitions and organic production growth.

Would like to see us doing $500m+ revenues next year - which would mean new production of circa 4,200 boepd (ie 2,600 oil + 1,600 gas).

7 years until $300m bond becomes due, so imo feasible that we could do $1b+/year revenues in the next few years via development, new discoveries and acquisitions.

Economies of scale are building nicely.

[thegreatgeraldo] 31/5/2013 13:11

Presumably their guidance on 2013 production, same as Q1 exc Brazil, means that planned dev wells will offset natural decline, but take no account of potential explo success? Have to say I'm a touch underwhelmed, given they were targeting production in the upper teens last year. Also note they've lost the London IR person, not that he returned my calls in H2 last year.