Global Energy Development Share Discussion Threads

[pnwillis] 26/8/2014 14:15

I thought Simon had suggesting and holding for the promised end of the month news. Problem is that we are getting there and no news yet.

[rcturner2] 26/8/2014 13:30

I thought Simon Thompson at the IC had withdrawn his tip here and admitted defeat?

[geraldton1] 26/8/2014 13:27

mdara - I share your pain but I've given up trying to guess this thing!

[mdara] 26/8/2014 13:18

@Salpara

Really hope this isn't insider knowledge. Bought these at £1.05.

[salpara111] 20/8/2014 11:39

Hmm, I am now down 35% on what I thought was a pretty reasonable entry point!
I can only but hope that the recent lurch down again is not being caused by inside knowledge.
I know that a lot of people talk about how the business is in the hands of a few big investors but at the end of the day, if I held 20% of this I would be looking to see a dramatic turn in its fortunes.
The share price is so depressed that I might as well hold for the moment.

[bench2] 19/8/2014 19:42

Whoa.... a nasty lurch down , but on light volume , ok oil price is weaker but this is not a good sign .

[dlku] 14/8/2014 14:57

Simon Thompson IC tipping it for 140p

[paleje] 11/8/2014 23:34

Well having read ED's take almost feel grateful for the emulsion:)

[bench2] 11/8/2014 14:24

Positive note out today from Eq Development titled "Has the market got it wrong" , their core valuation is 115p . Emulsion a short term problem . Structure more amenable so fraccing not needed .

[bench2] 06/8/2014 11:42

A curates egg with HKN now owning 34% but heads a concert party totalling 71% . CEO of HKN is exec chairman of GED ........ HKN with $22m of cash on bal sheet now valued at $29.7m mkt cap ( £ 17.6m ) .. Mkt cap of GED $39.2m ( £23.3m) and 34% stake worth $13.3m to HKN . I am still unsure why HKN needs to maintain this strange arrangement with an AIM quote for GED

[hyperboreus] 05/8/2014 11:59

I cannot disagree with anything in your last post geraldton1 but GED have have had the unfortnate knack of perennially disappointing investors for eons. You have to be either a 'glass half full man' which fortunately I am or completely delusional to endure the pain that GED dish out with every RNS :-)

By the way do you still hold any ALT?

[geraldton1] 05/8/2014 09:59

GED has always suffered from poor liquidity due to the limited free float, but the Bolivar news does seem to have spooked a few people. What they forget is that GED still churns out c1,050 bopd a day, and is generating cash - in fact I think it could end up debt free by the end of the year. But more than this, investors seem to be forgetting that their partner Everest is footing the cost of these wells so GED does not have to put its hand in its pocket. For a £20m market cap you get a profitable oil producer with exploration upside. Look at all these other listed oil companies like ROSE/OEX etc....their market caps are a multiple of GED..yet their historic trading numbers are smaller. A decent bit of news and they will be heading back up towards 100p and beyond imho and dyor of course.

[paleje] 01/8/2014 07:24

Cheers Hpb

[hyperboreus] 31/7/2014 21:38

Just received a response from an employee on GED's executive committee informing me that the Company is currently in contact with 'several emulsion-breaking companies'.

[wynmck] 31/7/2014 12:53

ST still seems hopeful in the IC-recommending Hold at 55p "ahead of further update on Catalina at end of August and interim results in September"

[hyperboreus] 31/7/2014 12:10

I haven't, I usually receive a reply around 17:00hrs :-)

[paleje] 31/7/2014 11:53

I'm a bit wiser still, thanks hashertu, sounds like success relies a lot on individual fracker's experience, no simple scientific answer, fair enough.

Depending who you emailed Hyper don't forget time diff.

[hashertu] 31/7/2014 11:14

If you have been following the development of the Eagleford shale/Austin Chalk area in Texas, you will have seen that it takes some experimentation to find a way/best way to get the shale to flow.
Other shale plays around the world seem to exhibit the similar issues. The tools and materials are known and available. How to use them in a particular geology is the tricky part.
The company has put forward two methods to rectify the situation. I am prepared to wait to see the outcome.

Perversely, if the problem is partly due to a higher permeability and greater fracture density (porosity?) than predicted, then flow rates/recovery/reserves might surprise to the upside.

[hyperboreus] 31/7/2014 10:53

I have actually paleje, but not had the courtesy of a reply as yet. I will let you know if I do.

[paleje] 31/7/2014 10:37

Fracked it up, I like that. Well they haven't actually, yet.

Have you emailed EnovaFlow to them, Hyperboreus, it could save the day:) Presumably our frackers would be aware of the options, trying brute force first it seems. I'm a bit wiser not much though.

[hyperboreus] 31/7/2014 09:53

I think GED could do with contacting this outfit:

[dukedosh] 31/7/2014 09:48

Pardon the pun but it looks to me like the drill crew fracked it up. I've seen enough here and not risking them doing the same again. Capital preservation is the name of the game. Took the loss, I'm out!

[paleje] 31/7/2014 09:16

Does anybody have technical knowledge to add here, I admit I don't?

But apart from the delay (or disappointment) this is only 1 of 4 re-entry drills due before next May and a further 2 new drills to go in addition, all paid for. Meanwhile the company is still in production, with lower costs and a better oil price.