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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Medoil | MDL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 22.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.50 |
| Top Posts |
|---|
Posted at 07/9/2007 09:16 by romin The Directors shares and warrants will be worth £4m at the exit price.... not bad for negotiating some licenses and completing a survey!pre-ipo investors will have tripled their money.... not bad for a 2 1/2 year investment!! discount to offer is a bit too large for me to exit just yet... |
Posted at 20/6/2007 10:10 by blueliner Agree, the gist of this has been staring investors in the face for some time,without reaction, this is why I bought in after OB presentation. |
Posted at 30/3/2007 23:20 by duplicate book All......the following is not intended as a ramp, and could be taken with a pinch of salt, however; I was invited to an Investors Forum tonight by a colleague of mine. We have a common interest in a particular Company and there was going to be a guy there talking about it. All very dull and boring really with lots of it going way over my head!!! One bloke though was extolling the virtues of Imperial Energy, explaining just what an amazing Company it was and how it had done this and done that and blah blah blah....He ended his talk with a recommendation of a Company to watch over the coming months. Said it had a very small market cap, had only 50million shares in issue with over 60% held by Institutions and Company Directors and was therefore very illiquid. He went on to say that news was expected shortly regarding exploration licences in Sicily, and that further 'exciting' news was expected regarding an existing oil field that would bring the Company to the attention of a much wider audience and give a good return based on its current share price. The Company is of course.... Medoil :o)) There would've been probably 150 people attending and my colleague reckons that in the past, these 'tips' have sometimes been acted upon and the Companies named have seen a bit of an increase in volume. Be interested to see if his mention creates any buying interest in MDL over the next few days or so.I see another 50k was taken out again today. Wonder if its somebody taking a stake on the run upto the AGM? |
Posted at 26/3/2007 11:27 by 28toure Gerard Walsh is a successful investor / financial consultant based in Dublin.He assisted in the IPO of Medoil. Worth following. |
Posted at 22/3/2007 23:01 by duplicate book Anybody have any idea as to who Gerard Walsh is? Has he got anything to do with MDL in some sort of Executive or Non Executive capacity, or is he just a private investor? He holds quite a few doesn't he!! I hope that 100k buy today is the sign of things to come on the run up to the AGM. |
Posted at 05/9/2006 07:55 by crosbie2 "Oil Sector Albania relies on the importation of oil to meet its domestic demand. Albania extracts oil from 12 oil fields with 3,123 operating oil wells. Albania has 165 million barrels of proven oil reserves and has offshore oil reserves. The offshore oil exploration activities show that potential oil reserves are estimated to be 50 million cubic meters, and may be as high as 200 million cubic meters. The most probable new areas for oil exploration are in the Shpiragu region, where the oil concentration capacity in drilled wells is being evaluated; the Palokastra and Vlora region, where the results from the drilling of two wells are being analyzed; and the South Tirana region, where the drilling of oil wells is under way and results may be avail-able by the end of 2004. Three companies dominate the oil sector in Albania: Albpetrol, which handles oil extraction; Servcom, which is responsible for services; and ARMO (Albanian Oil Refining and Marketing), which manages refining and marketing. Oil extraction centers are located in Berat and Fier. The two major refineries are at Ballsh and Fier. The refinery at Ballsh has a capacity of 1 million tons; both refineries tend to operate at only 30 percent of capacity. Several foreign companies have been exploring and producing oil in Albania since 1992, including Occidental Petroleum, OMV, and Lundin Petroleum. The privatization of Servcom is well under way, with the Albanian government reviewing offers from strategic investors interested in purchasing shares of 51 percent to 80 percent of the company. The Albanian government recently announced they are accepting expressions of interests from strategic investors for a minimum of 51 percent of ARMO's shares. Once the expressions of interests are received in early December, the Albanian government will then invite inter-ested investors to submit their offers. The oil extraction company, Albpetrol, is scheduled to be privatized by the end of 2005. AMBO (Albanian-Macedonian The pipeline route would link the port of Bourgas, which is on the Black Sea coast of Bulgaria, with the port of Vlora, which is on the Adriatic coast of Albania, to transport oil from the Caspian region to Western Europe and the United States. If this project is adopted, there may be export and subcontracting opportunities for U.S. companies. The pipe-line will be 576 miles long and will transport more than 40 million tons of oil per year". |
Posted at 05/9/2006 00:27 by theshareguru i've got 27.5k of these, if arden the brokers valued mdl at 82p, what price now.the exploration licence is for 20 years. I dont think investors really reacted to announcement, they may tommorrow. |
Posted at 09/8/2006 14:25 by duplicate book Bit of an intraday reversal going on. Certainly got a few to rise to the bait, and a very nice 100k buy as well. Maybe they know news is around the corner and they're making sure MDL is back on the radars of investors? Long time since there was just a half p spread on this one!! Almost as if the MM's were trying to encourage buyers.............. |
Posted at 04/7/2006 10:41 by theshareguru we should start seeing the action when they have finished sysmic, farm inin tunisia looks favourate, whatever investors think of medoil, the directors are no mugs, they have good credentials. There company broker has put a price of I think 80p a share, perhaps they should be doing the rounds and getting the price to a more realistic price, the same goes for encore oil, but they may not have to try to hard, rumour has it there is a deal in the pipe line there, plus also they start drilling the golden eagle acreage in the next few months. ( NOTE MED OILS BROKER IS NOT THE SAME AS ENCORES ). |
Posted at 20/4/2006 10:42 by quraishim ARTICLE IN MALTA TODAYEconomy by George Mangion• 19 March 2006 Cautious optimism in oil exploration While the world is exhausting known oil reserves a great deal faster than new reserves are coming on-stream, the oil and gas industry has started exploring reservoirs in much deeper water, a much more complex geological environment. This is good news for Malta as it laments its bad luck over 13 dry wells drilled so far. According to the government website we read that hydrocarbon exploration activity in Malta was triggered by the discovery of oil in 1953 at Ragusa in nearby SE Sicily. Official circles reveal that the main source rock for the oil is expected to be the organic rich Streppenosa oil shale unit which is designated world class in its prolific oil generating capabilities, and likely extends into the area from Sicily. There is a recognisable fairway of oil discoveries and oil fields leading from onshore Sicily into its southern offshore waters. No wonder that the offshore Sicily Vega oil field, with an estimated resource of 1 billion barrels of oil in place, is only 20km away from the northern border of the latest zone in Malta's exploration efforts. Experts predict that the proximity of similar concessions and similarity in geology to the producing basins of Tunisia and Sicily lend support to the theory that oil strikes cannot be excluded. The "intrabasin" ridge trend therefore offers a new and highly prospective oil strike in Malta. Although drilling for oil in territorial waters has had its ups and downs, many contend that we cannot count on immediate success that oil can be discovered in commercial quantities, but prospects for the next three years up to election date look brighter. Already Italian concessions in the Ragusa basin not far from the Maltese territory such as the Ariel field indicate potential reward in the billion barrel bracket. Naturally, modern technology has improved the prospects as a result of better analysis of seismic data. One such company involved in oil exploration is MedOil PLc. This oil and gas exploration company focuses on basins in the Mediterranean and North Africa regions. The company holds the benefit of an Exploration Study Agreement over blocks 4, 5, 6, and 7 in Offshore Malta Area 4 on the Mediterranean Pelagian Shelf. Area 4 lies to the south of Malta abutting the boundary with the Libyan offshore area 44. A small part of the total area has been subjected to 3D seismic and three prospects have been identified in that area. MedOil raised £3.25million for financing an extensive seismic offshore programme. The company's CEO, Dave Thomas commented: "I am very pleased with the progress we are making to explore our current assets in Tunisia and Malta. The new funds will allow us to conduct the seismic programmes that will help us identify potential drilling targets in both our Tunisian and Maltese acreage. At the same time MedOil will be seeking additional exploration interests in areas in the circum- Mediterranean region." The positive news is that last December MedOil updated shareholders on the Maltese permit and reported positive findings such that it encouraged investors to risk more capital to conduct a 2-D seismic programme in the area in the third quarter of 2006. This comes on the heels of the recent announcement by Dr Frendo the foreign minister that a joint exploration agreement was signed between Malta and Tunisia. He further announced that a team of experts from the two countries will be working on the determination of zones on the continental shelf where joint oil exploration could be carried out. They will be given three months within which to report back to their governments. This agreement was reached following 35 years of uncertainty and would appear to be a practical approach to take in cases where two or more parties are involved in disputes over the delineation of zones. It goes without saying that a similar agreement is long awaited to be negotiated with both Italy and Libya. Without such an accord Malta cannot claim success. The matter was also raised in Parliament by a Labour MP, but it appears that the government is as yet reluctant to give an overall, detailed review of the situation. In a matter of such importance, one that could well help mitigate the country's accumulated debts many contend that within the realms of commercial secrecy, the government ought to be more open with its citizens. Ironically the government has been trying to explore and drill for oil both inland and offshore but has never been blessed with a commercial success. Exploration work in the 1960s identified a number of hopeful sites to no avail. With the price of oil at its peak the impetus for further exploration may be more tempting and modern techniques could uncover new possibilities. Given that all neighbouring countries have successfully drilled for gas and oil in commercial quantities it is imperative that Malta reaches a amicable and honourable accord with its oil producing neighbours. Short of this ,vast tracks of acreage remain unexplored.. In the late seventies we were encouraged that the southern banks closer to Libya could yield positive results. Our hopes were dashed when a dispute arose with Libya over the delineation of the continental shelf and this took a number of years to be resolved in the international courts. On a positive note, Libya supplied us with oil at subsidised prices for a number of years. On the political stage, following its return to the international fold after the Lockerbie settlement, Libya is keen to capitalise on its new position. The improved geopolitical landscape has led to a frenzy of foreign investor interest in the Libyan oil industry over recent months and in this renewed scenario one hopes for a speedier resolution of the delineation of acreage. What lessons are to be learnt? Nobody can blame the government for increasing the surcharge again on the price of fuel and water supplies. The island is so dependent on burning fossil fuel to operate heavy energy users such as reverse osmosis plants. But what about green energy? Ironically a master plan announced by Malta Resource Authority ( MRA ) last year as a road map for developing solar and other renewable energies in Malta is eagerly awaited by environmentalists. The MRA recently announced that it was working on a reform of the electricity sector, the regulation of utilities, exploitation of renewable energy and regulation of mineral resources. Although green energy would require a hefty investment, and may gobble up the lion's share of the EU structural funds yet it would on the long run reduce Malta's dependence on the importation and the price fluctuations of oil. Scientists at the university have been experimenting with solar panels and exploiting wind energy for years but nothing materialised on a commercial scale. Why have we dragged our feet for so long? In Italy, use is made of solar energy and surplus domestic production of electricity is plugged into the national grid for others to use for a rebate in costs of electricity for the domestic supplier. Advanced technology exists to enable a radical overhaul of the way energy is generated, distributed and consumed. Much depends on the speed of reform instigated by the MRA; intended to introduce among other things, adequate economic incentives for private investment. While consumers have been conditioned to believe that each oil price spike is eventually met with a drop to lower levels, some analysts believe that the latest rise may have established a new, long-term "floor" for the price of crude. If this is true then we must seek an alternative plan by tapping green energy. Maybe, one day, we can start tapping nature's free sources of energy. |
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