Global Energy Development Share Discussion Threads

[wooster4] 29/11/2012 14:25

nice to see the directors are still at it!!

[druinsky] 29/11/2012 09:49

Studies conducted so far suggest that oil shale extraction would adversely affect the air, water, and land around proposed projects. The distillation process would release toxic pollutants into the air-including sulfur dioxide, lead, and nitrogen oxides. Existing BLM analysis indicates that current oil shale research projects would reduce visibility by more than 10 percent for several weeks a year. And NRDC states that in a well-to-wheel comparison, greenhouse gas (GHG) emissions from oil shale are close to double those from conventional crude, with most of them occurring during production. According to the Rand Corporation, producing 100,000 barrels of oil shale per day would emit some 10 million tons of GHGs.

The BLM reports that mining and distilling oil shale would require an estimated 2.1 to 5.2 barrels of water for each barrel of oil produced-inputs that could reduce the annual flow of Colorado's White River by as much as 8.2 percent. Residues that remain from an in-situ extraction process could also threaten water tables in the Green River Basin, the agency says.

NRDC notes that the infrastructure needed to develop oil shale would impose equally serious demands on local landscapes. The group warns that impressive arrays of wildlife would be displaced as land is set aside for oil shale development. And it says that while open pit mining would scar the land, in-situ extraction would require leveling the land and removing all vegetation.

In addition to the environmental impacts of oil shale, vast amounts of energy are required to support production. In Driving it Home, NRDC cites Rand Corporation estimates that generating 100,000 barrels of shale oil would require 1,200 megawatts of power-or the equivalent of a new power plant capable of serving a city of 500,000 people. Proponents of oil shale have a stated goal of producing one million barrels of the resource per day.

So far, large-scale oil shale projects have not yet been started in the United States, and the BLM is still drafting its environmental impact study. The public examination and comment period is scheduled to begin this summer. Unless oil shale development receives considerable government support, the industry is not expected to be economically viable. According to the Denver Post, the oil company Shell recently withdrew its application for a mining permit for an oil shale research and development lease, citing economic reasons.

[geraldton1] 28/11/2012 16:28

Yes could well be. Would like to see some of the other members of the board dip their hands in their pockets.

[wooster4] 28/11/2012 11:16

bet that 25k delayed buy is another director buy!!

[wooster4] 27/11/2012 10:12

reminds me very much of emerald energy this one.

[philo124] 27/11/2012 10:10

Here's hopeing!

[wooster4] 27/11/2012 10:06

phil - he is the md and will be taking a rather more long term view than the average punter who is after a 30% gain in a few hours. If you look back at their last presentation (june time i think), they talk of 750 pence being achievable!

[philo124] 27/11/2012 09:47

Very Good; he must be looking for 30% gain at least, else why bother?

[adam] 27/11/2012 09:29

Can't gloss over the fact that Voss, the boss, is not at a loss when it comes to putting his hand in his pockets for shares. Surprised he can deal and not in possession of insider info. Perhaps expecting to be soon?

[pugugly] 27/11/2012 09:25

Director buying again now at £1. On the surface looks encouraging

[geraldton1] 26/11/2012 15:06

This thing is breaking out...all aboard...the night train

[philo124] 23/11/2012 18:11

Thanks a lot lowflow; be good to get into 3 figures and clear 106p next week.

[lowflow] 23/11/2012 17:47

Last trade today at 99p. We are clear heading in the right direction.

Seems like GED choice to go with Jefferies is an excellent decision as Jefferies has been the leading advisor on North American shale deals the last 4 years. Jefferies is also one of the few banks with a proper team of geologist who can evaluate the asset for their clients. So it clearly giving GED Bolivar disposal / farm-out process a lot of credibility that Jefferies wants to advise them on the transaction.
GED is apparently paying normal success rate in % on the deal to Jefferies, so I guess Jefferies must think that GED can get at least ~$50m for the asset, otherwise it wouldn't make much sense for Jefferies to be advising on the deal.

[foreverhoping] 22/11/2012 09:58

not many reasons to sell right now. longer term holders will continue to do so for potential, ridiculously low valuation, low p/e, etc etc, and shorter term holders will be hoping for a sale of company so are unlikely to sell yet. I would personally rather not see a sale just yet. Let GED develop its reserves a little more and get a far higher sale price if it happens... was going to top up at 70p but am already heavy in ged. exciting times ahead

[eric76] 22/11/2012 09:28

I had to do a fill or kill for 1600 shares this am. Couldn't even get them on a market order so stock must be very tight though they did get filled at 97p so a very tight spread too.

[geraldton1] 22/11/2012 09:14

Price is 95/7p - you can actually sell at 96.99p! Nothing on the buy side.

[geraldton1] 21/11/2012 17:35

Totally agree adam, but the price needs to be decent. 250p plus would be a fairer reflection of value I think.

[adam] 20/11/2012 23:22

hoping they just sell the company outright. shareholder structure is oppressive, but at least conducive to a quick sale.

[espeland2] 20/11/2012 21:39

"just nice to know that the directors agree "


The last two RNSs' refer to purchases made by the MD, Stephen Voss. So it's not strictly correct to say "the directors agree".

[wooster4] 20/11/2012 16:33

we all know this is massively undervalued - just nice to know that the directors agree with us!!

[foreverhoping] 20/11/2012 15:42

well this is nice!

[eric76] 20/11/2012 09:50

Nice premium though I'd hope that GED aren't taken out yet, they seem to be just starting to pick up. Todays Director buy (at a nice premium to the offer) has moved the share price back above the 200dsma too so should give some stability at this level imo.

[lowflow] 19/11/2012 15:33

Pacific Rubiales announced today that they will acquire C&C Energia, paying a 52% premium.

GED have appointed Jefferies to advise them on a potential divestment of the Bolivar block. GED may very well be the next Colombian E&P to be acquired.

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PACIFIC RUBIALES AGREES TO ACQUIRE C&C ENERGIA AND CREATE A NEW
EXPLORATION COMPANY
TORONTO, Nov. 19, 2012 - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) is
pleased to announce it has entered into an arrangement agreement with C&C Energia Ltd. (TSX: CZE) whereby Pacific Rubiales will acquire all of the common shares of C&C Energia (the "Arrangement Agreement").
Pursuant to the Arrangement Agreement, on closing of the acquisition each common share of C&C Energia will be exchanged for 0.3528 common shares of Pacific Rubiales and one common share of a new exploration company ("Newco"). The offer values C&C Energia at approximately Cdn.$7.81 per share, representing a premium of approximately 21% to the 20-day volume-weighted price on the Toronto Stock Exchange of C&C Energia as at November 16, 2012. In addition, C&C Energia's management estimates Newco's value to be approximately
Cdn.$2.00 per share, representing a combined value of approximately Cdn.$9.81 and a premium of approximately 52% over the same period. Pacific Rubiales is expected to retain a 5% equity interest in Newco. It is anticipated that the transaction will be effected by way of a court approved plan of arrangement ("Arrangement").

[johnwise] 19/11/2012 08:54

TIDMGED
RNS Number : 4131R
Global Energy Development PLC
19 November 2012 DIRECTOR SHAREHOLDING


For Immediate Release 19 November 2012
GLOBAL ENERGY DEVELOPMENT PLC

DIRECTOR SHAREHOLDING

Global Energy Development PLC, the Latin American focused petroleum production and development company (AIM: GED) with operations in Colombia, was notified on 16 November 2012 that on the same day, Stephen C. Voss, a director of the Company, purchased 33,000 ordinary shares of 1p each in the Company at 90.76p per share.
Following this purchase, Mr. Voss has a beneficial interest in 155,568 ordinary shares of 1p each in the Company representing 0.43% of the issued share capital of the Company.


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