Share Name Share Symbol Market Type Share ISIN Share Description
Oilexco LSE:OIL London Ordinary Share CA6779091033 COM SHS NPV (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.90p 0.00p 0.00p - - - 0 06:33:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 174.0 59.2 -18.1 - 15.44

Oilexco Share Discussion Threads

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DateSubjectAuthorDiscuss
20/11/2017
14:04
added ZEN to the header mini-charts :) Http://www.malcysblog.com/2017/11/oil-price-parkmead-zenith-energy-cairn-finally/
bountyhunter
20/11/2017
12:38
Premier") Update on the Sale of Wytch Farm Premier is pleased to announce that it has today entered into a sale and purchase agreement to sell its interests in Licences PL089 and P534, containing the Wytch Farm field, to Perenco UK Limited on materially the same terms as have been previously disclosed in an announcement released on 12 September 2017 and in a trading update released on 16 November 2017. These include unchanged cash consideration of US$200 million and the release of Premier from letters of credit totalling approximately US$75 million (the "Disposal"). As the Disposal constitutes a class 1 transaction for Premier under the Listing Rules, a circular setting out further information regarding the Disposal and containing the Notice for a General Meeting is expected to be posted to shareholders tomorrow.
chart trader2000
20/11/2017
09:58
By Ian Walker Regal Petroleum PLC (RPT.LN) said Monday that the order impounding equipment at its warehouse in Yakhnyky has been lifted. The AIM-quoted oil-and-gas exploration and production group announced last week that Ukrainian tax authorities on Nov. 10 entered its offices in Kiev and its office and warehouse in Yakhnyky, where its Mekhediviska-Golotvshinska and Svyrydivske fields are located. Certain documents were inspected and removed, the company said.
chart trader2000
20/11/2017
07:37
SDX ENERGY INC. ("SDX" or the "Company") Updates on the Sebou and Gharb Centre permits SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce an update on its KSR-14 and KSR-15 development wells on the Sebou permit in Morocco (SDX 75% working interest). KSR-14 and KSR-15 are the first two wells of a nine well drilling programme on the Company's Sebou, Gharb Centre and Lalla Mimouna permits in Morocco. Further to the update on 13 November, the KSR-14 well has now been tested and has recorded an average flow rate conventional natural gas into the sales line of 6.4MMscfd. The well will remain on production for an extended period prior to being shut in for a pressure build-up as part of the year end reserve estimate process. At the KSR-15 development well the completion equipment has been run and connection to the nearby infrastructure is now underway. Completion of the well is expected to occur within three weeks of rig departure with flow testing targeted for early December 2017. The rig move to the next location, KSR-16, has now commenced. On the Gharb Centre exploration permit, the seismic tender for 240km(2) of new 3D seismic has been completed and the contract awarded to CGG, a market leading seismic provider. The seismic acquisition is expected to commence at the end of Q2 2018. Paul Welch, President and CEO of SDX, commented: "This is further positive newsflow from our active Moroccan drilling campaign. In particular, the KSR-14 test results are ahead of our internal expectations, especially in light of the fact that we are only flowing from the Hoot sand, as opposed to both the Hoot and Guebbas. Despite this, the well still managed to produce at a rate that would allow it to meet our entire daily sales commitment by itself. This increases our confidence that we can reliably increase our production rates to meet additional customer demands based upon the results of the current program as we target an increase in our sales volumes by 50% in 2018. "Overall, we are moving forward with the campaign apace and are pleased with the progress to date. We look forward to providing further updates in due course."
chart trader2000
20/11/2017
07:36
SDX ENERGY INC. ("SDX" or the "Company") Updates on the Sebou and Gharb Centre permits SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce an update on its KSR-14 and KSR-15 development wells on the Sebou permit in Morocco (SDX 75% working interest). KSR-14 and KSR-15 are the first two wells of a nine well drilling programme on the Company's Sebou, Gharb Centre and Lalla Mimouna permits in Morocco. Further to the update on 13 November, the KSR-14 well has now been tested and has recorded an average flow rate conventional natural gas into the sales line of 6.4MMscfd. The well will remain on production for an extended period prior to being shut in for a pressure build-up as part of the year end reserve estimate process. At the KSR-15 development well the completion equipment has been run and connection to the nearby infrastructure is now underway. Completion of the well is expected to occur within three weeks of rig departure with flow testing targeted for early December 2017. The rig move to the next location, KSR-16, has now commenced. On the Gharb Centre exploration permit, the seismic tender for 240km(2) of new 3D seismic has been completed and the contract awarded to CGG, a market leading seismic provider. The seismic acquisition is expected to commence at the end of Q2 2018. Paul Welch, President and CEO of SDX, commented: "This is further positive newsflow from our active Moroccan drilling campaign. In particular, the KSR-14 test results are ahead of our internal expectations, especially in light of the fact that we are only flowing from the Hoot sand, as opposed to both the Hoot and Guebbas. Despite this, the well still managed to produce at a rate that would allow it to meet our entire daily sales commitment by itself. This increases our confidence that we can reliably increase our production rates to meet additional customer demands based upon the results of the current program as we target an increase in our sales volumes by 50% in 2018. "Overall, we are moving forward with the campaign apace and are pleased with the progress to date. We look forward to providing further updates in due course."
chart trader2000
19/11/2017
13:29
Https://seekingalpha.com/article/4126203-battle-dawn-part-2-rebalancing-north-american-natural-gas-super-glut
sarkasm
19/11/2017
09:18
It's Never Wise to Bet Against a Saudi Oil Minister By Julian Lee Photographer: Qilai Shen Julian Lee Facebook Twitter Email Print Nov 19, 2017 3:00 AM EST Don't be fooled by the apparent dithering of OPEC and friends over whether to extend their output restraint when they meet at the end of the month. They know full well that failing to send a clear signal would send oil prices plummeting. The apparent backsliding from Russia and a small number of OPEC members may be a belated attempt to create a sense of uncertainty ahead of the gathering. The extension will then have a much more positive impact than if it merely ratified a long-flagged intention. Just look at what happened last time they all met, back in May: Unintended Consequences Crude prices dropped when OPEC last met and continued falling for almost a month Source: Bloomberg The decision to extend the cuts to the end of March 2018 was a foregone conclusion. Every ministerial interview said so. When that decision came, the market duly reacted: Brent fell by $2.50 a barrel amid disappointment that OPEC and the others hadn't done even more. They don't want a repeat. Last month, I warned that the participating countries mustn't dither and kick a decision down the road. Perhaps the second worst thing would be flagging the decision so clearly that it can only disappoint. The latest suggestions of dissent may just be an attempt to avoid that. Perhaps some comments have been interpreted more definitively than speakers intended. Vladimir Putin's support last month for extending cuts to the end of 2018 was prefaced by a reminder that November was too soon to decide. But the qualification has been all but lost. OPEC and friends have lost control of the narrative and attempts to sow uncertainty have come too late to manage expectations. Speculative long positions in Brent crude are just shy of 600 million barrels, suggesting a nine-month extension has already been fully priced in. If an extension isn't announced, the impact on prices as these positions are unwound would be ugly from the producers' perspective. Hedging Accelerates The growing net short position of swaps dealers reflects hedging by shale producers Source: Commodity Futures Trading Commission If the Vienna group hopes uncertainty will discourage U.S. shale producers from locking in prices for next year, they're likely to be disappointed. They've left it too late to influence the Americans' 2018 strategies, which were largely put in place just as crude hit $65 a barrel. The net short position of swaps dealers on the Nymex crude market -- a proxy for the hedging activity of shale producers -- has widened to more than 525 million barrels, suggesting that hedging activity has accelerated in the past couple of weeks. Is there a real prospect of Russia throwing a spanner into OPEC's works? I don't think so. Citigroup published a research note on Russian oil last week saying, among other things, that "the math is indicating Russia should let the OPEC+ agreement expire", with higher production more than offsetting the lower prices that would result. Russia's Next Oil Boom While Citi makes an economic case, it doesn't address the political implications for President Putin of leaving his new friends in the lurch. As I argued here, backing away from an extension could endanger the arms and investment deals signed during the Saudi king’s visit to Moscow and weaken Russia’s burgeoning influence in the Middle East. That doesn't seem a good trade-off. When push comes to shove, the world’s biggest energy exporter will back a deal. Sure, we've been blindsided by OPEC before. But Saudi oil minister Khalid Al-Falih has said he wants a clear decision on Nov. 30, including "an extension of some sort". He believes Russia will be on board. Opposition to announcing an extension on that date may show the group's unity is under strain, but it's not a good idea to bet against a Saudi oil minister when he's that explicit. This column does not necessarily reflect the opinion of Bloomberg LP and its owners. To contact the author of this story: Julian Lee in London at jlee1627@bloomberg.net To contact the editor responsible for this story: James Boxell at jboxell@bloomberg.net
sarkasm
18/11/2017
20:50
added WRL to the header charts
bountyhunter
18/11/2017
16:18
Https://www.usatoday.com/story/money/energy/2017/11/18/analysis-why-saudi-arabia-should-fear-u-s-oil-dominance/868990001/
sarkasm
18/11/2017
10:27
Https://www.bloomberg.com/news/articles/2017-11-18/oil-short-sellers-return-as-doubts-loom-on-opec-s-horizon
grupo guitarlumber
17/11/2017
22:41
Finance Sovereign Funds Should Sell Off Oil Assets Norway's setting a good example for Middle Eastern states with large rainy-day funds. by Leonid Bershidsky 2 17 novembre 2017 à 18:26 UTC+1 Dusk. Photographer: Spencer Platt/Getty Images It's easy to see the oil and gas asset sell-off proposed by Norges Bank Investment Management, the entity that runs Norway's $1 trillion sovereign wealth fund, as a bet on the hydrocarbon industry's long-term decline. Indeed, Siv Jensen, Norway's finance minister and the proposal's addressee, predicted such a decline in a conference speech on Friday. But there's a better reason for oil-based sovereign funds to change their thinking. Economist Sony Kapoor, whose think tank, Re-Define, has long campaigned for the Norwegian Government Pension Fund's oil and gas divestment, laid it out in a report published in 2013: Because the Fund gets new money from the sale of oil and gas every year, its final value (when the oil runs out) is very highly dependent on the price at which it is able to sell this oil. This means that the Fund has a large negative exposure to policy actions that need to be taken to tackle climate change. Any increase in the rise of the price of carbon emissions or restriction in their quantity will have a negative impact on the final value of the Fund. Despite this large exposure to carbon, the GPF continues to invest heavily in oil and gas majors, which account for three out of its ten largest investments. Four years later, the fund's managers accepted the argument. In their letter to the finance ministry, they write that regardless of how hydrocarbon assets will perform in the future, the double exposure -- through the revenues that flow into the fund and through its investments -- increases the risk that the rainy-day fund is supposed to mitigate. They point out that, at 4 percent of the fund's value, its investments in oil and gas stocks are twice as high as an index-based approach would have allowed -- but these equities are far more sensitive to oil prices than the stock index. The double exposure to oil fluctuations isn't limited to Norway. Of the world's 20 biggest sovereign-wealth funds, 11 are oil and gas-based. Their portfolios are generally not transparent, but research has shown that they've tended to overinvest in hydrocarbon-related stocks. A 2013 paper by Bernardo Bortolotti of Bocconi University in Milan and his collaborators put the share of total sovereign fund investment in oil and gas at 7.1 percent -- twice as much as financial investors from the same countries generally put in these industries. That share is roughly consistent with a 2010 paper by University of Michigan's Surendranath Jory and collaborators. In 2008, University of Miami's Vidhi Chhaochharia and the International Monetary Fund's Luc Laeven wrote of an oil bias that was "particularly strong for SWFs from oil producing countries." "The fact that the home countries of some of the largest SWFs are major oil exporters could explain the relatively high share of investments in oil and related industries," the researchers wrote, suggesting that sovereign fund managers tend to invest in they understand best. It doesn't really matter if one believes that oil is going out of fashion, as salt once did as a valuable commodity. The members of the Organization of the Petroleum Exporting Countries -- the United Arab Emirates, Kuwait, Saudi Arabia, Qatar, Iran, Libya -- have built up some of the biggest sovereign funds, don't think so. In its long-term outlook, published earlier this month, the organization predicts that by 2040, global oil demand will increase by 15.8 million barrels a day, implying an average growth of 0.7 percent a year. Though all the growth is predicted in the developing world -- demand is expected to fall in the rich nations -- that alone shouldn't be a reason to divest hydrocarbon assets. But investing in the industry that feeds the fund is not a good approach from a risk management point of view. It's also a bad idea from a development standpoint. The sovereign funds have different stated goals -- from macroeconomic stabilization to funding pensions once oil runs out -- but it's always useful to see them also as vehicles for expanding a nation's horizons. Even if a fund invests overseas to prevent the Dutch disease, it's wise and forward-looking for it to invest in industries a country would like to develop at home. With investment comes access to technology and exposure to promising markets. Kapoor of Re-Define advised the Norwegian GPF to go overweight on sustainable energy to align the fund's activity to the Norwegian government's climate goals. Middle Eastern nations don't have to take this advice, but their efforts to diversify their economies could only benefit from diversifying their sovereign funds away from oil and gas. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. To contact the author of this story: Leonid Bershidsky at lbershidsky@bloomberg.net To contact the editor responsible for this story: Mike Nizza at mnizza3@bloomberg.net Before it's here, it's on the Bloomberg Terminal. LEARN MORE
maywillow
17/11/2017
18:39
Https://www.cnbc.com/2017/11/16/oil-prices-set-for-first-weekly-fall-in-six-on-oversupply-worries.html
grupo guitarlumber
17/11/2017
18:29
CALGARY HERALD The fear is back: Oil anxiety surcharge returns as tensions mount in the Middle East again Peter Tertzakian: And the uncertainties that strap up to 20% premium on the price of each barrel will likely get worse over the next year Peter Tertzakian Peter Tertzakian Published on: November 17, 2017 | Last Updated: November 17, 2017 11:16 AM MST There isn’t a shortage of oil in the world. But there could be, in the worst case, if missiles start flying between two of the world’s largest oil players: Saudi Arabia and Iran. AP Photo/Bob Daugherty Share Adjust Comment Print Barrel traders recently pushed the price of West Texas Intermediate (WTI) oil above US$55 — the first time in over two years. Scarcity doesn’t really justify the upward price movement. There isn’t a shortage of oil in the world. But there could be, in the worst case, if missiles start flying between two of the world’s largest oil players: Saudi Arabia and Iran. Maybe it won’t happen. But maybe it will. And that’s what the “geopolitical risk premium” is all about. It’s an anxiety surcharge that’s tacked onto every barrel of oil, in fear of supply disruption on a moment’s notice. And the fear is back. After three years of naivety we’re back to acknowledging the known unknowns of the Middle East, the uncertainties that strap a 10-to-20 per cent premium on the price of a barrel. Paying a risk premium for oil is nothing new. It’s been around for decades and has gone up and down with the hostility thermometer of the Middle East. Unusually, the pricing of risk dropped to zero around 2015. Three main reasons prompted a sense of world peace: the promise of the Iranian nuclear deal; a feeling that booming oilfields in Texas could offset any disruption; and a growing surplus of oil inventories in storage tanks around the world. Of late, the notion of oil obsolescence has also perpetuated a feeling of nonchalance. “Who cares about the Middle East and their oil?” has been a question driven by the utopian narrative: “I’m not worried, everyone will be driving electric cars in a few years anyway.” But it’s all been a false sense of security. ‘End of oil’ narratives are misleading — in 20 years we’ll likely still be using a staggering 90 million barrels a day Old pistons die hard: Why mass de-carbonization won’t mean the end of the road for gas-powered cars Electric cars are still rare. Oil remains vital to the world economy. Its geographic concentration is such that a large proportion of the world’s needs is produced from underneath layers of geopolitics, religious antagonism, authoritarianism, civil strife and corruption. When I reflect on the extremes of oily politics, I pull out my old copy of Life Magazine from 1973, the year of the Arab oil embargo. Back then, in a rare moment of unity, Arabs came together to curtail oil shipments to the west, demanding that Israel cede lands it captured in the 1967 war. I’m struck by the two-page spread showing a Dutch freeway that’s completely empty, not a car on the road due to widespread gasoline and diesel shortages. The disruption was less than three percent of world supply and lasted only a few months, but it was enough to momentarily paralyze transportation in affected countries—and change attitudes about energy security too. The fallout led to big changes in personal mobility—smaller cars, greater fuel economy and alternate modes of transport like high-speed rail—especially in Europe and Japan. Juxtaposed on the fuel-starved image is a photo inset of a meeting between various leaders of the embargo. The snapshot is taken at a moment with lots of laughter, suggesting the not-so-subtle message that they were pleased with their destabilizing accomplishment. Maybe. But no one is laughing now. Regional animosity is elevated, the weaponry is lethal and it’s hard to figure out allegiances and regional political ambitions. And the scale of consequence is bigger too: In 1973 oil consumption was almost 56 million barrels a day. Today it’s pushing 100, with a quarter flowing through the Strait of Hormuz, a narrow, strategic chokepoint between Saudi Arabia and Iran. Iran’s President Hassan Rouhani, center, reviews a military parade during the 37th anniversary of Iraq’s 1980 invasion of Iran, in front of the shrine of the late revolutionary founder, Ayatollah Khomeini, just outside Tehran, Iran, Friday, Sept. 22, 2017. AP Photo/Ebrahim Noroozi Regional animosity is elevated, the weaponry is lethal The geopolitical premium is likely to increase over the next year. Oil markets are slowly heading back towards what OPEC calls “balance”; and global inventories are gradually draining. The calculus is pretty simple: Progressively thinner margins for error, plus greater risk of disruption, equals more volatile prices to the upside. If oil supply is pinched again, for whatever machination or military operation, the price of a barrel could easily double (prices quadrupled as a result of the 1973 embargo). And 20 years from now we may look back at a magazine spread of a freeway, this time showing a handful of cars — only the electric variety. Higher oil prices are generally welcomed by petroleum producers and their upstream stakeholders. Yet amplified volatility and the potential of another oil crisis is a greater friend to purveyors of electric vehicles; they are the natural beneficiaries to their rival’s instability.
grupo guitarlumber
17/11/2017
18:15
a disappointing week for the bucket list.
chart trader2000
17/11/2017
17:21
Total: Strong Q3 Performance And Dividend Create Investor Appeal Nov. 17, 2017 12:05 PM ET| About: TOTAL S.A. (TOT) Power Hedge Power Hedge Macro, energy, alternative energy, contrarian (2,236 followers) Summary Total recently reported very solid Q3 2017 results. The company showed both QoQ and YoY improvements in nearly every financial metric. The company recently acquired a stake in one of the largest oil fields in the world and increased its production at Kashagan, giving it much more oil to sell. The company pays a strong dividend and has a history of maintaining or increasing it for the past thirty years. Overall, Total appears to offer quite an appealing opportunity for investment and further research. On Friday, Oct. 27, 2017, integrated French oil and gas supermajor Total SA (TOT) reported its Q3 2017 earnings results. Overall, these results were quite impressive as the company both beat the expectations of its analysts and showed relatively strong improvements year-over-year in nearly all aspects of its business. While this is not necessarily a sign that the oil and gas industry has finally begun to turn the corner, the string of relatively strong reports that we have been seeing recently certainly show that the industry has adapted to the current pricing environment. Total is the latest example of this. As many of my long-time followers are no doubt already aware, it is my usual practice to share the highlights from a company's earnings report before delving into an analysis of those results. This is because these highlights serve to provide background for the remainder of the article and provide a framework for the resultant analysis. Therefore, here are the highlights from Total's third quarter 2017 earnings results: Total achieved an adjusted operating income of $3.062 billion in the third quarter of 2017. This represents an increase over the $2.748 billion and the $2.332 billion that the company reported in the second quarter of 2017 and the third quarter of 2016 respectively. Total achieved an average combined production of 2.581 mboe per day during the third quarter. This represents an approximate production increase of 6% year-over-year. Total managed to achieve an average realized price of $52.10 per produced barrel of Brent crude, representing a 14% year-over-year increase. The company took over as operator of the giant Al-Shaheen field in Qatar and announced the acquisition of Maersk (OTCPK:AMKAF). These two items will serve to increase its growth going forward. Total achieved a reported net income of $2.7 billion in the third quarter of 2017, representing a 29% increase year-over-year. Undoubtedly, one of the items that will most appeal to an investor in Total that is perusing these highlights is that Total's earnings climbed fairly significantly on both a quarter-over-quarter and a year-over-year basis. While one reason for that is that the market price of both oil and natural gas increased over the period, resulting in the company generating more revenue per unit of energy produced. In addition however, Total also managed to grow its production in the latest quarter. There are a few reasons for this. In July 2017, Total completed a multi-year process to obtain a 30% ownership stake in the Al-Shareen oil field, located offshore Qatar. Al-Shareen is one of the largest known oil fields in the world, producing approximately 300,000 barrels of oil per day (roughly 40% of the Qatari total). Thus, Total completing this deal in July 2017 would naturally increase the company's production quarter-over-quarter. In addition, investors will be pleased to note that the company's role in producing at this field is valid for the next 25 years, so Total will continue to generate revenue from this field for quite some time to come. For a number of years, Total was one of several oil companies that was involved in the development of the massive Kashagan oil field located in the Caspian Sea. While this project experienced many troubles over the first decade of its existence, it finally began production on Sept. 11, 2013, although it was expected that it would take several years to expand to full production. Total is one of the companies that has continued to benefit from increasing production from Kashagan to this date and saw a production increase from it in the most recent quarter. It seems likely that Total will continue to see its production from Kashagan grow going forward as the ramp up continues and due to the size of this field, production can continue at the site for a number of years to come. As many investors that follow the industry are already well aware, oil and gas companies the world over have been actively working to reduce their cost structures. This is largely a necessity given that it seems likely that the current oil pricing environment is going to continue for quite some time. Total is no exception to this and has implemented its own cost reduction program to attempt to keep its costs down. According to Chairman and CEO Patrick Pouyanne, commenting on the company's results (see link to results above): Investment discipline continues. Organic investments were $3.1 billion in the third quarter 2017 and $10.0 billion in the first nine months, in line with the target of $14 billion this year, and cost reduction will be more than $3.6 billion, surpassing the target for this year. In effect then, Total reduced its annual costs by $3.6 billion year-over-year while still managing to grow its production. As the oil and gas industry is a very capital-intensive industry, this is certainly an impressive feat and should prove to be quite appealing to investors. While this undoubtedly increased the company's reported profits, it also has the effect of increasing the company's cash flows in the face of the "new normal" oil price environment compared to where they would otherwise be. This provides some support to Total's dividend, which historically is quite appetizing. One thing that has always appealing to investors about Total is the firm's dividend. The company quite often boasts one of the highest dividends in the oil sector, even among its European peers. In the latest quarter, the company was able to maintain this streak, declaring a quarterly dividend of €0.62 ($0.73205) per share. As of the time of writing, Total had a stock price of $55.21 per ADR, giving the company a dividend yield of 5.30%. As is the case with many oil and gas companies, Total has a history of assisting its dividend over time, assisting income-focused investors in keeping their income growing to keep up with inflation. The company has either maintained or increased its dividend for more than 30 years, a track record that is quite similar to its American peers such as Exxon Mobil (XOM) or Chevron (CVX) in this regard. Unfortunately, this has not always translated into a dividend increase for American investors, as shown here: Source: DividendChannel.org Total may actually be one of the better energy companies to own for those investors that desire or require income as it does boast one of the highest dividend yields among its peers. Source: Created by author with source data from Yahoo Finance Please note that, as with many foreign companies, U.S. citizens are often better served by holding their shares of Total in a standard brokerage account as opposed to some form of tax-advantaged vehicle. This is because France imposes a withholding tax on dividends paid by Total. This rate will either be 15% or 30% (typically 15% for individuals) depending on the status of the owner of the shares. Individuals, however, are able to take a credit against their tax returns for this amount, thus reducing their U.S. tax liability but this credit cannot be claimed if a tax-advantaged vehicle holds the shares but the tax will still be paid after the tax-advantaged account receives the dividend. This is the reason why it is recommended to hold your shares outside of your retirement account. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
waldron
17/11/2017
16:15
IPFNEWS.COM “Iran’s Oil Ministry Showing Tolerance towards France’s Total” November 17, 2017 - 15:18 total An Iranian lawmaker says the Oil Ministry is showing tolerance vis-à-vis the French oil giant Total given the firm’s indicating that it might rethink its agreement with the ministry. Senior Iranian lawmaker Feraydoon Hassanvand says the Director of the French energy giant Total has spoken of a possible review of its agreement with Iran due to legal reasons and a change in the sanctions regime, reports ICANA. “In the interviews before and after the conclusion of the agreement, the [Iranian] Oil Ministry was given the necessary warnings, and we insisted that the deal not be based on immediate sanctions, but such a thing happened,” said Hassanvand, the chairman of Parliament’s Energy Commission. “Still, Total has announced it will coordinate [its work] with US policies, and that if it wants to pull out of the agreement, it will do it earlier to pay less damages,” said the legislator. “If such a thing happens, it will be tantamount to disrespect for legal laws and international regulations, and can set the precedent for violating all international contracts; moreover, Total’s credibility will be undermined as well,” the parliamentarian underlined. “The move, in fact, shows that Total lacks any credibility and wants to scuttle an international agreement for profiteering in order to secure its interests in some countries,” he noted. He went on to say that the Iranian Oil Ministry is showing tolerance vis-a-vis Total. “We already announced that Iran should take the lead and file a lawsuit with domestic and international authorities to receive damages, but the Oil Ministry has shown tolerance so far to find out whether or not Total’s decision is final,” said the MP. He said the behaviour of the French energy company indicates it is not willing to implement the agreement, adding, “The [Iranian] oil minister should be held answerable for that.” He said the minister is to attend a meeting of the Parliament’s Energy Commission next week where he will report on the trend of the implementation of the Total agreement, the possibility of Total’s withdrawing from the deal and the legal measures to be adopted.
waldron
17/11/2017
15:11
SDX Energy offers good upside potential with plenty of news flow - buy By Gary Newman | Friday 17 November 2017 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Whilst many private investors go chasing rainbows and hoping for one of their oil and gas exploration plays to hit black gold, there are actually a number of AIM listed outfits which are already producing, yet don’t seem to be as popular as they are unlikely to generate large share price rises overnight. These days patience seems to be something which is definitely lacking in the attitude of many PIs when it comes to ‘investingR17; – the reality is most are looking for a quick buck before moving on – but there are companies out there whose shares offer a good risk versus reward pay-off from current levels. I believe that SDX Energy falls into that category, and that is gradually building what looks to be a decent business in the oil and gas sector in Egypt and Morocco. During the first half of 2017 it produced 3,812boepd from its assets in Morocco plus North West Gemsa and Meseda, if the transaction to acquire the Circle Oil assets is adjusted back to the start of the year. That generated netback – after the deduction of all costs of production plus royalties – of $13 million, equating to a little over $22/bbl. Now if we were looking at this purely based upon current production and the amount of net profit that the company generates, then it would be possible to argue that at £102 million market cap it is actually quite expensive. But the latest set of financials was based upon an averaged realised oil price of $48.73 per barrel and the oil price is now a fair bit higher and is showing signs of strength, or at least consolidation, moving forwards. On the operational side of things there is also plenty going on, with new production coming on line and further recent exploration discoveries which will now be tested and potentially eventually go into production, plus a number of workovers and developments wells to come in the near future. The South Disouq gas discovery in Egypt is expected to be brought into production in the first quarter of 2018, plus there will be two exploration wells outside of the discovery area which will be targeting an additional 150bscf of gas, and there is potential further upside from oil in the deeper targets here. Work is also being carried out in Morocco with development drilling at Sebou, and recently there has been news of gas discoveries at both the KSR-14 and KSR-15 wells, which will now be connected to the existing infrastructure, with updates to follow on recoverable volumes. There was also a recent announcement of an oil discovery at the 50% owned Rabul 2 well, on the West Gharib area in Egypt, with 101.5ft of net heavy oil pay and a porosity of 20% - which compares favourably to the existing Rabul 1 producing well, which had net pay of 14.5ft and average porosity of 21.2%. In terms of funding all of this work, the company recently raised $10 million via a placing at 43.75p, and that is enough to carry out all of the work at South Disouq, plus two additional development wells in Morocco and the completion of 3D seismics there as well. Once South Disouq is online and following the connection of new gas customers in Morocco in the latter part of next year, the company is expecting to be in a position where it is building cash and adding to its reserves in the bank. In terms of the drilling activities here, I would class it as fairly low risk given the past successes, and it is only wells such as on the South Disouq deeps where there is a bit more uncertainty. When it comes to the financial and political situation, unlike some others in the region, SDX doesn’t seem to have any problems when it comes to being paid, but there is also a slight risk that could change. Plus of course there is the usual risk of oil prices dropping back and cutting profit margins. Overall though I can see decent upside potential – both in the short term as a result of the drilling activity and results and longer term as the company grows – and can see value in buying at the current level of 51p on the ask.
chart trader2000
17/11/2017
15:11
SDX Energy offers good upside potential with plenty of news flow - buy By Gary Newman | Friday 17 November 2017 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Whilst many private investors go chasing rainbows and hoping for one of their oil and gas exploration plays to hit black gold, there are actually a number of AIM listed outfits which are already producing, yet don’t seem to be as popular as they are unlikely to generate large share price rises overnight. These days patience seems to be something which is definitely lacking in the attitude of many PIs when it comes to ‘investingR17; – the reality is most are looking for a quick buck before moving on – but there are companies out there whose shares offer a good risk versus reward pay-off from current levels. I believe that SDX Energy falls into that category, and that is gradually building what looks to be a decent business in the oil and gas sector in Egypt and Morocco. During the first half of 2017 it produced 3,812boepd from its assets in Morocco plus North West Gemsa and Meseda, if the transaction to acquire the Circle Oil assets is adjusted back to the start of the year. That generated netback – after the deduction of all costs of production plus royalties – of $13 million, equating to a little over $22/bbl. Now if we were looking at this purely based upon current production and the amount of net profit that the company generates, then it would be possible to argue that at £102 million market cap it is actually quite expensive. But the latest set of financials was based upon an averaged realised oil price of $48.73 per barrel and the oil price is now a fair bit higher and is showing signs of strength, or at least consolidation, moving forwards. On the operational side of things there is also plenty going on, with new production coming on line and further recent exploration discoveries which will now be tested and potentially eventually go into production, plus a number of workovers and developments wells to come in the near future. The South Disouq gas discovery in Egypt is expected to be brought into production in the first quarter of 2018, plus there will be two exploration wells outside of the discovery area which will be targeting an additional 150bscf of gas, and there is potential further upside from oil in the deeper targets here. Work is also being carried out in Morocco with development drilling at Sebou, and recently there has been news of gas discoveries at both the KSR-14 and KSR-15 wells, which will now be connected to the existing infrastructure, with updates to follow on recoverable volumes. There was also a recent announcement of an oil discovery at the 50% owned Rabul 2 well, on the West Gharib area in Egypt, with 101.5ft of net heavy oil pay and a porosity of 20% - which compares favourably to the existing Rabul 1 producing well, which had net pay of 14.5ft and average porosity of 21.2%. In terms of funding all of this work, the company recently raised $10 million via a placing at 43.75p, and that is enough to carry out all of the work at South Disouq, plus two additional development wells in Morocco and the completion of 3D seismics there as well. Once South Disouq is online and following the connection of new gas customers in Morocco in the latter part of next year, the company is expecting to be in a position where it is building cash and adding to its reserves in the bank. In terms of the drilling activities here, I would class it as fairly low risk given the past successes, and it is only wells such as on the South Disouq deeps where there is a bit more uncertainty. When it comes to the financial and political situation, unlike some others in the region, SDX doesn’t seem to have any problems when it comes to being paid, but there is also a slight risk that could change. Plus of course there is the usual risk of oil prices dropping back and cutting profit margins. Overall though I can see decent upside potential – both in the short term as a result of the drilling activity and results and longer term as the company grows – and can see value in buying at the current level of 51p on the ask.
chart trader2000
17/11/2017
13:04
1562/5000 TechnipFMC: Société; générale comes back for the purchase. share with twitter share with LinkedIn share with facebook share via email 0 0 17/11/2017 | 9:37 Societe Generale (SG) has just begun to purchase the monitoring of the action of the oil services company TechnipFMC. "We believe that the industry is now at a turning point," argue analysts, who assign value to a 12-month price target of 33 euros, and $ 38 for the share traded on Wall Street. Analysts point out that before the merger with FMC, finalized at the beginning of the year, they were for sale on Technip shares. After reviewing the 'new' group, they come to the following conclusions. 'TechnipFMC could be six to nine months ahead of its target of around $ 180 million in synergies in the Subsea segment', says a note first. In addition, 'Yamal (a big gas project in Russia, ed) could surprise pleasantly', while the capital intensity of activity should decrease. In addition, the oil services market is restarting: our forecasts for January 2017 for investments in the oil and gas sector (+ 10% in 2018, + 17% in 2019 and + 21% in 2020) remain (...) valid ', indicates a note. Other elements put forward for 2018: SG estimates that current investigations by the US State Department 'could be settled', while they represent a risk of one dollar per title. In addition, TechnipFMC should be simplified as the merger 'mature'.
the grumpy old men
17/11/2017
12:33
By Adam Clark Highlands Natural Resources PLC (HNR.LN) said Friday that it has raised 3.4 million pounds ($4.5 million) through a share subscription with a single unnamed investor. The oil-and-gas company said that it will use the funds from its issue of 11.3 million shares--priced at 30 pence each--to develop its core projects, including drilling two wells at its East Denver shale project in Colorado. Highlands believes the new proceeds will leave it fully funded for all its near-term operational goals. Shares are up 0.75 pence, or 2.5%, at 30.75 pence at 1215 GMT.
chart trader2000
17/11/2017
12:17
By Dimitrios Kontos Frontera Resources Corp. (FRR.LN) said Friday that it will receive around $2.0 million after successfully enforcing an arbitration award from a legal case that started almost a decade ago. The oil-and-gas exploration and production company said that it has received the first installment of the award and expects to receive the full amount by the end of the first quarter of 2018. The company had served in January 2008 a notice of arbitration for breach of contract and damages against the defendants ARAR Inc, ARAR Petrol ve Gas Arama Uretim Paz A.S. and Mr. Fatih Alpay. The U.S. Court of Appeals granted Frontera more than $1.5 million in 2012, and the company filed an enforcement action against assets of the defendants in Turkey. In January, the Appeals Court in Ankara made final the decision to award Frontera the full amount of the arbitration, along with statutorily prescribed interest.
chart trader2000
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