Medoil Share Discussion Threads

[duplicate book] 15/9/2006 12:17

There goes Mr. 50k again :o))

[rebelsrus] 14/9/2006 22:08

I am still here and still hold MDL.

I have been quite busy lately as I run my own business.

If you give me some suggestions of links, I'll add these when I next up date the header.

[cat100] 14/9/2006 06:56

Has Reb left us. We should get the last news added to the top of this bb. Maybe a link or two

[dodman2] 11/9/2006 23:37

Well if it slips down to 15ish again I'm going in for yet more.

[crosbie2] 11/9/2006 14:36

Seems a long wait until Dec/Jan hopefully news beginning October.

[duplicate book] 10/9/2006 21:34

Crosbie2.... I hope that you're right. I just took my information from the Medoil Website relating to the Seismic Survey:
The Seismic Acquisition Programme.
1. 3-D Seismic Survey of 600 sq km
2. Expect survey to last 4-6 weeks
3. Weather conditions in August in central Mediterranean expected to be good.

After the acquisition.

3-4 months to process the wealth of acquired 3-D data.

If that is the case, then news re survey due December/January time.

[crosbie2] 10/9/2006 19:24

Sure we'll hear sooner than that ...

Quoted middle August ...

"The programme is designed to add confidence to the technical analysis of the
defined prospects; determine the location of a near-term appraisal drilling
programme around the oil discovery; and examine the upside potential of the
M'Sela stratigraphic oil trap.

MedOil said as long as weather conditions remain fair, it will acquire 20
square kilometres per day of data and the survey will take 4-6 weeks to
complete.

MedOil's chief executive officer, David Thomas, said: "We are delighted that
the seismic survey has commenced. The acquisition of the 3D technical data
should provide some important results for MedOil, and we look forward to
updating the market in the coming months.

[duplicate book] 09/9/2006 08:09

Cat........ I think its just the MM's trying to create a market and generate a little interest. We do have a seller in MDL just at the moment. On almost every occasion that there has been an increase in volume, or a small tick up in the bid/offer there is a large T or trade goes through that counters the amount bought on the day. Wednesday went the same, a large 100k sell at the end to counter the 100k and odd buys. Until they've offloaded, I can see us floating around at this level, (unless of course we get some news that drives the share price northwards!!)
I had a scan through the website last week and noticed that it is going to take about four months to fully evaluate the information gathered during the 3-D seismic survey currently underway on the El Louza block. So I reckon we won't get to hear anything about that until the beginning of next year.
Not too sure what to expect news wise through this last quarter? If there is nothing coming our way, then it may be a bit of a bumpy ride towards the back end!!!

[cat100] 08/9/2006 23:01

traded up today at 18p but marked down . Odd

[duplicate book] 06/9/2006 10:15

cat....Would imagine that after the initial two year period where MDL have to do a 3-D seismic study, they will know wether it is going to be worth keeping it on, or dropping it! Have done a bit of digging but can't find anything of any great interest in that area?? Bit of a flurry of activity this morning though, with a few nice buys going through early on. It will be interesting to see if they are countered with a big sale later in the day. Tick up on offer too.

[cat100] 05/9/2006 23:43

The agreement is for seven years with a "drill-or-drop" decision after the
second and fifth years, MedOil said, adding that its minimum work expenditure
for the first two years is 2.05 mln usd.


Is it 7 years or 5. If you can drop after 5 then it's 5 years in total. Is it not.

[crosbie2] 05/9/2006 10:26

Good read ..

[cat100] 05/9/2006 08:00

Crosbie2 Thanks, it starts to paint the picture. Also gives plenty of info for us to run a few searches with.

[crosbie2] 05/9/2006 07:55

"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-Bulgarian Oil), a U.S. consortium, has been promoting a pipeline that would follow the route of EU transportation Corridor VIII.

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".

[duplicate book] 05/9/2006 07:39

We have to assume that our leaders have a good reason in wanting to persue this agreement, they must believe that they will ultimately get a decent return for their expenditure? Another string to their bow, but I must admit, I am not that familiar with this area in terms of oil exploration! Still can't understand where that article was coming from with its US$26.5 million leading sentence!! Lets see if this impacts the shre price any................

[cat100] 05/9/2006 07:37

Bit early yet. Are we going to open up today . We just might.........

[jimarilo] 05/9/2006 07:18

The PSA is for seven years with a drill-or-drop decision after the second and
fifth years. MedOil's initial obligation is for 400 sq. km. of a 3-D seismic
work programme in the first two year period with a minimum work expenditure of
USD 2.05million.

[cat100] 05/9/2006 07:16

Well It's clearer now. Wonder what they see in this play.

[theshareguru] 05/9/2006 00:27

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.

[duplicate book] 04/9/2006 22:57

Jimarilo......Thanks for that. Good find. Be interesting to see any sort of reaction tomorrow in terms of volume. Like I said earlier. If there is no RNS, then I'll phone the Company.

[jimarilo] 04/9/2006 22:40

duplicate book - 4 Sep'06 - 21:05 - 2146 of 2155

Does anybody have any idea what time that link became available?


The story was run at 13.23 this afternoon

(I picked up the link from the Oil & Gas BB on the TMF)

[cat100] 04/9/2006 22:12

Oh well we will find out soon enough. I have a few other stocks that I'm following so I will get back to them for the rest of the night.

[cat100] 04/9/2006 22:10

BHP Billiton abandons North Sea

I'm sure this is the co as mentioned above. But it would be nice to find out what Hamilton had done in Albania

[cat100] 04/9/2006 22:04

Yep I found that info about Scotland also about BHP .

[duplicate book] 04/9/2006 21:51

It would appear BHP Petroleum, (an Australian Company), bought 49.9% of Hamilton Oil in 1987 and were going to purchase a further 1% through the open market or private negotiation at that time. Maybe thats where that information/assumption re an Australian Company comes from. Hamilton Oil were responsible for a bit of work off the coast of Scotland I am reliably informed by an acquaintance of mine who is looking into this Albanian thing more deeply for me. May be nothing to get excited about..........or something to get VERY excited about hey!!!!!!!!!!