Medoil Share Discussion Threads

[cat100] 04/9/2006 21:43

Oh there is a Denver in Australia

[cat100] 04/9/2006 21:25

I wonder what work Hamilton Oil did in the area. Can anyone find anything on them . I found this

Hamilton Oil in Albania


Published: January 10, 1992
The Hamilton Oil Corporation of Denver has signed a contract to search for oil off the Albanian coast, the official Albanian press agency said today. Albania, Europe's poorest country, has been producing oil onshore for many years. Last year it began to award exploration concessions to foreign oil companies along its coasts on the Adriatic and Ionian seas.


They seem to be U.S. not Australian

[cat100] 04/9/2006 21:17

Well thecynical1 clear off and find your own investments .

[hermana] 04/9/2006 21:15

thec,did you see PVR rns on new thread today? Please excuse o/t.

[thecynical1] 04/9/2006 21:07

unfortunately yes...especially when it comes to projects like oil off the Costa Blanca and then a stunning deal with Europe's....em......you know what I mean.....and there are imo some more immediately interesting punts / investments / gambles out there at the moment.

[duplicate book] 04/9/2006 21:05

There is no information re the link on Medoils website. It is very intriguing and annoyingly vague! ( the link that is, not the website!!) If there is no RNS in the morning, then I'll give them a call and ask what it's all about. Does anybody have any idea what time that link became available?

[cat100] 04/9/2006 20:48

Ever the thecynical1

[cat100] 04/9/2006 20:37

I don't understand this at all. Will have to wait till we gets the nod from the boys. Surely they ain't paying us, now that would be some deal.I'd like a win win situation so would the market.

[thecynical1] 04/9/2006 19:32

I might be...the only problem is I would like to make sure that the money is real !!!!!!!! : )

[duplicate book] 04/9/2006 19:27

Hey cynical....if the Albanians are paying MDL, would you be tempted to buy a few then? :o))

[thecynical1] 04/9/2006 19:07

where are they going to get money like that ? and what are they paying ??? or are the Albanians paying them ? now that would be a cute move !!!! ; ) probably paying in Kalashnikovs which Medoil can then sell on the open market.....or maybe "used" pillboxes...they have a lot of them along the cost since the days on good old Enver...poor deluded soul thought that someone might want to invade ..... ROTFLMAO....

[duplicate book] 04/9/2006 18:45

Just a thought.............may this be the subject of an RNS in the morning? Got to say I'm a little confused with the opening sentence. Signed a US$26.5million (20.7million Euro) WHAT???????????? Any thoughts anyone?

[duplicate book] 04/9/2006 18:39

cat.......Yep. Still very much in and have added recently at this low price :o))

Oh so cynical1.. :o)).....Where's the harm in looking? Remember, Medoil already have a couple of excellent exploratory licences in place and with the 3-D seismic survey underway on the Louza permit area off Tunisia, things are going along nicely.
Would still like to hear about that malta licence though!!!!!

[thecynical1] 04/9/2006 18:29

another certain winner......"having failed to find anything".... ; )

[jimarilo] 04/9/2006 17:43

Britain's MedOil to explore for oil in Albania's Ionian, Adriatic Seas
The Associated Press

Published: September 4, 2006


TIRANA, Albania Albania signed a US$26.5 million (€20.7 million) with Britain's MedOil PLC Monday for oil exploration rights in its Ionian and Adriatic Seas, the Ministry of Economy, Trade and Energy said.

MedOil, a London-based oil and gas exploration company working mostly in the Mediterranean and North Africa region, will carry out exploration in three stages in the Ionian Sea from the Karaburun Peninsula to the southernmost town of Saranda, and in the Durres area in the Adriatic Sea, according to a statement.

The contract will be prolonged to 20 years if exploration comes out positive and a well has to be drilled.

The area was explored from 1992 by Australia's Hamilton Oil, but it left after three years having failed to find anything.

Albania produces about 350,000 tons of oil annually.

TIRANA, Albania Albania signed a US$26.5 million (€20.7 million) with Britain's MedOil PLC Monday for oil exploration rights in its Ionian and Adriatic Seas, the Ministry of Economy, Trade and Energy said.

MedOil, a London-based oil and gas exploration company working mostly in the Mediterranean and North Africa region, will carry out exploration in three stages in the Ionian Sea from the Karaburun Peninsula to the southernmost town of Saranda, and in the Durres area in the Adriatic Sea, according to a statement.

The contract will be prolonged to 20 years if exploration comes out positive and a well has to be drilled.

The area was explored from 1992 by Australia's Hamilton Oil, but it left after three years having failed to find anything.

Albania produces about 350,000 tons of oil annually.

[thecynical1] 04/9/2006 17:17

well that is it then...the sea off the Costa Blanca is going to be a company-maker...you read it here first....what a laugh....... ; ) have they got nothing else that they can go after ? walking into a complex environmental situation does not strike me as very bright...but then again... ; )

[cat100] 04/9/2006 16:55

A little rise today. Are we all still in hope so.

[theshareguru] 04/9/2006 13:46

big announcement

[cat100] 01/9/2006 12:06

No I topped up to the hilt with mdl. Ready and waiting .Maybe for you.

[mujahid2] 01/9/2006 08:54

hi cat , time to top up

[cat100] 01/9/2006 08:43

I'm still with this 50 bagger just to let you all know. Hope you all had a great summer..........I DID......

[dodman2] 29/8/2006 11:15

Looks like MDL may have picked the wrong bit of rock on this one - a lengthy battle with environmentalists will not do the share price any good.

-------

Oil companies turn to Spain for "black gold" By Sinikka Tarvainen

Deutsche Presse Agentur
Published: Monday August 28, 2006

By Sinikka Tarvainen, Madrid- As Europe seeks to reduce dependence on the unstable Middle East's oil reserves, it is not only looking to continents like Africa or Latin America, but also to its own soil to ensure supplies. Several companies are investigating the possibilities of starting or increasing oil production in Spain, an insignificant producer so far.

"There is oil in Spain," oil expert Carlos Alvarez told the daily El Pais. "Not large fields, but small or medium-size deposits" which the high price of oil could now make attractive, he explained.

Investment in the sector rose by 75 per cent to nearly 45 million euros (58 million dollars) last year, according to figures quoted by the daily.

Spain only produced 1.23 million barrels of oil in 2005, down from 1.87 million barrels in 2004. A major producer like Venezuela extracts twice Spain's annual production in just one day.

Domestic production, mainly in the east of the country, accounts for less than 1 per cent of Spain's consumption.

Yet "we are in a phase of high (oil) prices," Pedro Miro, director general of the oil company Cepsa, told the daily La Vanguardia. "From the costs point of view, deposits and wells which did not previously appear viable could be now."

Spain's second-biggest oil company Cepsa, in which France's Total has a 44 per cent stake, is exploring in the northwestern Pyrenees and thinks it may able able to start drilling there by 2010.

A total of a dozen companies are looking into starting or increasing oil and gas production in Spain, reports said.

The number one giant Repsol YPF, which extracts oil in the eastern Mediterranean and gas in the Gulf of Cadiz, has obtained permission to prospect in various regions including the Canary Islands.

The smaller Basque company Shesa is looking into possible deposits in its northern home region, while Petroleum focuses on the eastern coast off Tarragona.

Prohibitive factors include red tape, the high cost of oil exploration, possible problems with Morocco which could also lay claim to Canaries oil, and above all, opposition from environmentalists.

The eastern Valencia region, for instance, is reluctant to give a green light to Britain's MedOil, because the company's areas of interest include places such as the Albufera nature reserve.

"Exploration work has a brutal impact on the ecosystem," said Maria Jose Caballero of the environmental organization Greenpeace.

© 2006 DPA - Deutsche Presse-Agenteur

[duplicate book] 25/8/2006 10:36

Wonder when our seller is going to be sold up????

[mujahid2] 24/8/2006 16:00

grv snaps up tunisia too, JV

[dodman2] 24/8/2006 09:28

Mansiep's post 2128 is the full text of the Times article.