Medoil Share Discussion Threads

[gooner5] 26/1/2007 13:21

Don't currently hold but have been watching, now maybe a good time to buy in.

[petemorr] 24/1/2007 16:38

topped up a little

[deanmatlazin] 24/1/2007 12:52

Based on RNS in October, the result of 3D seismic should be availabe in January. It is a matter of time....


The Directors of MedOil plc, the oil and gas exploration company geographically
focused on southern Europe and North Africa, are pleased to announce that the
3-D seismic survey at its Louza Permit in Tunisia has now been completed within
budget.

The 3D seismic survey work programme was managed by strategic partner TGS-NOPEC
("TGS"), the international seismic acquisition and processing company. As a
result, the Company has now acquired in excess of 600 sq km of 3-D seismic data
over the offshore Tunisian M'Sela oil discovery and four surrounding prospects.
This seismic dataset will now be processed, prior to interpretation and
integration with the existing data. The processing company is Woking-based GDC
and results are expected to be available in January 2007.

[duplicate book] 24/1/2007 10:00

What would get things stirring would be the release of positive seismic data results, along with a tie in with somebody and timescale for a rig!!! Now that would be nice........................

[duplicate book] 24/1/2007 08:22

deanmatlazin........are they your own expectations, or do you know something we don't??? :o)) I would like to see an increase in volume just prior to the results being released. Sector is a bit soft at the moment what with the price of oil slipping and the larger than expected US reserves. Would be nice to see us double on positive results, I think we are still undervalued at 14p and would like to see us back into the 20p range at least.

[farnham] 24/1/2007 06:43

Not sure where you get your specific dates from deanmatlazin,but yes should be soon..................

reminder from rns

The results of the above study conclude that the M'Sela-1 oil discovery, within
the Upper Cretaceous Abiod volcanic section, has potentially attractive volumes
(based on Monte Carlo simulation) of oil-in-place, and the oil is of good
quality. The oil-in-place volumes range from 260 million barrels to 850 million
barrels, with indicative recoverable reserves ranging from 48 million barrels to
225 million barrels, although these estimates are deemed indicative only until
detailed reservoir engineering and further seismic studies can be conducted.
Based on the current data the main source of production appears to come from
fractures within the volcanic reservoir, although matrix porosity may also
contribute to production. The M'Sela-1 also encountered a 130 ft. oil column in
the Isis formation, but due to uncertainty of lateral continuity, potential
reserves were not calculated.

The report also identifies four other exploration targets in the immediate
vicinity of M'Sela-1, with the main reservoir targets being the Cretaceous Isis
and Serdj formations. These structures have aggregate un-risked oil-in-place
numbers ranging from 480 to 1,110 million barrels.

The report recommends that MedOil conducts the 600 sq. km. 3-D seismic survey as
originally planned, together with shipboard gravity and magnetic data, with the
ultimate aim of identifying a suitable location for what is likely to be a
horizontal well to appraise the M'Sela oil accumulation. The survey will also
better define the four additional prospects, and assess their chance of
commercial success.

Future Work Programme

Based on the above results MedOil will now actively seek to shoot the
recommended 3-D seismic programme in 2006, with the aim of preparing for an
appraisal well on the M'Sela discovery.

Dave Thomas, MedOil's CEO, commenting on the results of the independent
technical review, stated:
' We could not be more pleased with the results of Merlin's scoping review,
which more than justifies our initial faith in the prospectivity of this
licence, especially if the initial reserve estimates are ultimately justified
for the M'Sela-1 discovery. We will do everything possible to follow Merlin's
recommendations in a timely manner in order to define a drilling location, or
locations, in the short term. This is naturally subject to the availability of
suitable seismic vessels and, ultimately, drilling rigs. We have also
commissioned a similar independent review of our Maltese acreage, and hope to
have its findings and recommendations in the near future. We also continue to
seek new acreage of equal quality to Tunisia to add to our portfolio'.

Note: The technical content of this announcement has been checked by David
Thomas, the Company's CEO and a geologist with 30 years' experience in the oil
and gas industry, and confirmed as extracted from the independent report
prepared by Merlin Energy Resources Ltd.

[deanmatlazin] 23/1/2007 23:29

I am expecting RNS this week or early next week for 3D seismic result. M Sela 1 estimated 48-228m barrels + 4 other leads that may contain up to 1 billion barrels. If result is good, expect this will go up double in 1 day

[cat100] 15/1/2007 07:37

Thanks Reb

[duplicate book] 13/1/2007 12:16

RebelsRUs..........Thankyou for that. So even if Credit Agricole have reduced below the 3%, that still leaves just over 50% held bewteen Management and Institutons, leaving 26million out there for the rest of us :o))

[rebelsrus] 12/1/2007 22:45

As of 1st November 2006

Total Number of Shares in Issue - 53 million

John Lander – 4.92%
Joseph McKniff – 8.48%
David Thomas – 8.48%
Gerard Walsh – 10.79%
Michael Faherty – 5.5%
Graham Wrafter – 2.8%
Glasgow Investment Managers – 4.62%
University Super Annuation Scheme – 8.18%
Credit Agricole Asset Management – 3.14%

source:

[duplicate book] 12/1/2007 20:36

Anybody on here have a list of major shareholders in MDL? I've been trying to find out how many Credit Agricole have offloaded recently, and how many they have remaining. Be nice to know how many are held by the Management and any other institutions since the fund raising and issue of new shares. Thanks in advance............

[queenbreguet] 11/1/2007 14:37

Nah this is destin for davey jones locker

[crosbie2] 10/1/2007 09:19

Happy, Healthy and PROSPEROUS New Year Medlers.

[dodman2] 05/1/2007 22:08

Aha - thnx for that. Fingers crossed they're bottling.

[duplicate book] 05/1/2007 20:16

That it is Credit Agricole SA who have been reducing their holding in MDL. There have been some large sells over the last month or so. Question is: Have they finished, (if not, how many more are they going to drop onto the market and now that they have holdings below the 3% notification limit, they need not issue an RNS stating so), and maybe, WHY are they selling now when we are expecting news regarding the seismic 3Dand a possible tie up?

[dodman2] 05/1/2007 18:27

Now we know what exactly Dupe?

[duplicate book] 05/1/2007 15:32

So. Now we know!! Have they finished or have they still got the rest to dispose of?

[rebelsrus] 05/1/2007 13:28

Did anyone see the GROWTH EQUITIES & COMPANY RESEARCH on medoil released on November 1st?

If so, can you provide a link as it doesn't seem to be working on Medoil site.

I've Sorted it now - my eyes must have been having an off day.

[duplicate book] 04/1/2007 20:18

Bit of volume for us today and a nice T trade to take out the earlier sell. May see a bit of interest in MDL over the next few weeks. Be nice to see us moving northwards with volume prior to any news.

[duplicate book] 04/1/2007 11:28

Happy New Year to all Medlers :o)) Another large trade goes through showing as a sell. Half a p over bid, which stays the same, but the offer drops to 15.5p. Could it be a buy from a few days ago I wonder? Not sure what the regulations are regarding the late display of trades so many times over the NMS, but I would've thought that a sell of that size just at the moment would have caused a more significant drop in price? We should get news on the 3D Seismic anytime now, and maybe news on just who were are going into partnership with to drill the first hole!! Lets get this stirring again. Been stuck in this trading range for long enough...........................

[rebelsrus] 31/12/2006 18:04

SKYSHIP,

ADVFN allow you to freely use HTML with a few restrictions in place to prevent hacking type stuff.

All I did was use HTML tables to layout everything. The graphic bullet point which I drew is inside a table cell and is stored on my ISP account webspace as is all the other images that you see here. I could easily use imageshack instead.

Anyone who knows HTML can do this on ADVFN, no special external requirement is needed and a descrete (IFRAME) URL is probably one such hack that ADVFN does not allow.

P.S. the header is a little old, please see the last few RNS for upto date information on MDL.

I will update the header when the next RNS is out.