Global Energy Development Share Discussion Threads

[miss ann thrope] 18/9/2013 08:38

That went down well with the market then?

[lowflow] 18/9/2013 08:19

118 page presentation. If they manage to achieve only 5% of the targets I am pretty happy.


CONCLUSIONS REGARDINGBOLIVARDEVELOPMENT PROGRAM
• The development program as shown herein can be implemented and carried out using
internal cash flow generated from Global's Llanos Production Base, vendor financing
and/orfarm‐in partners.
• The development program is designed for a six (6) rig drilling program with a total of
252 new vertical wells.
• Peak 2P gross production of 49,000 BOPD(net of 27,000 BOPD)is expected in 2019.
• Peak 3P gross production of 200,000 BOPD (net of 155,000 BOPD) is expected by early
2020.
• At contract term expiration in mid‐2024, a total of 99 MMbo and 104 Bcf (Net of 55
MMbo and 54 Bcf) of 2P reserves(Proved and Probable) will be produced generating 2P
FutureNetIncome (FNI) of $3.9 billion ($2.2 billion @ 10%).
• At contract term expiration in mid‐2024, a gross total of 337 MMbo and 227 Bcf (Net
184 MMbo and 110 Bcf) of 3P Reserves (Proved, Probable, Possible) will be produced
generating FutureNetIncome (FNI) of $13.3 billion ($7.7 billion @ 10 %).
• The gross project production of 337 mmbo represents 88% of the 381 mmbo of the
technically recoverable oil.

[philo124] 18/9/2013 07:50

RNS 26/04/13; wasn't that insightful as well?

[emigna2002] 18/9/2013 07:35

When a broker suggests the price will treble, best duck for cover

[beep_beep] 18/9/2013 07:34

The timeframe of these efforts has been lengthened from original expectations


Jam in the next decade.

[philo124] 18/9/2013 07:22

Update. "Insightful".

[philo124] 17/9/2013 19:41

Thanks a lot indeed.

[hyperboreus] 17/9/2013 10:31

Equity Development Coverage Note added to GED website with a striking 'Potential Value' of 302.3p per share and they at least seem convinced that the company is about to undergo radical change.
The 21 page document is an interesting read with updated information that I haven't come across elsewhere.

www.globalenergyplc.com/default.asp

The coverage note can be accessed by clicking on the appropriate quick link which is clearly marked.

[rcturner2] 14/9/2013 07:35

I have to admit that I sold mine last week at 103p. I made a small profit as my average was about 90p.

Good luck to all who remain.

[fuiseog] 07/9/2013 19:52

One of these days we'll have some news. The management are dozy, if not asleep at the wheel, but they do know how to look after the money.

[pugugly] 07/9/2013 16:05

All gone very quiet - Looks as though some larger holders took the opportunity to bail out on the IC tip -

Possibly one to put on a 2 to 3 month watch list - If no positive news by then a probability of share price weakness as the IC followers get stopped lossed out (imo etc)

[philo124] 06/9/2013 12:47

More Director buys today I would think.

[bigdazzler] 06/9/2013 10:33

See the 1 hour traders club has moved into this share today, still hope for 130-140 by end of year.

[miss ann thrope] 06/9/2013 09:53

little vol either.

[waleoilbeefhooked] 06/9/2013 09:17

Looking hot to trot!

[fillipe] 05/9/2013 14:58

In 2012 Dirs paid up to 110p for decent amounts of GED

f

[protean] 05/9/2013 12:56

Nice breakout so far. Should move up to 100p fairly quickly from here.

[protean] 05/9/2013 12:11

Pretty huge upside from here then!

[speedsgh] 05/9/2013 12:08

Tip update today by Simon Thompson (Investors Chronicle). Reiterates 140p price target.

[hyperboreus] 30/8/2013 08:52

Excellent post from you as ever lowflow, your knowledge and research of GED & the Columbian Oil Industry is superb, what a pity you aren't running Global rather than the present incumbents!

[lowflow] 29/8/2013 14:54

I wouldn't mind a +£2 cash bid, but I don't think it will happen. Not because the asset isn't worth £2, but because GED CEO and board thinks that the stock is worth more than £3 so they wouldn't be entertained by a bid around the £2 level. The GED management has in the past been so confident that at some point in the future they will be able to develop the Bolivar and Bocachico blocks. Even if they only manages to develop one of the blocks that is enough to move the stock several hundred percent. As usual GED's management is also very cheap so they will only develop the asset with internal cash flow and will hesitate to farm-out the development asset unless the terms are very attractive.

Exxon and Canacol Energy will start to flow test the shale well they drilled in the block to the south of Bolivar next week. If this test comes in well I would think the interest for GED Bolivar block would increase as the well Exxon is testing is only kilometers away from the Bolivar block. They are basically de-risking the Bolivar block with this flow test as well. We should have the test result with 3-4 weeks. Because Canacol Energy is famous for being very promotional when it comes to investor relations I would think that they want to announce a positive test result as soon as possible. Canacol Energy's management them self thinks that this test will be a game-changer for the company. Canacol Energy enterprise value is $445m so if it will be a game changer for them it would massive game changer for GED with a enterprise value of $55m

[james1231] 29/8/2013 11:28

I'd definitely take £2 plus geraldton1! Any good news in September might bring the vultures out to make a bid. My target is 180 which is highly attainable I believe