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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Solana Res | LSE:SORL | London | Ordinary Share | CA8341281001 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 132.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
06/10/2007 18:24 | Investing in Colombia's oil sector | littleredrooster | |
05/10/2007 22:19 | Someuwin,I do not trade in and out,i hold for the long term,The average is about 4 years,I take your point that the spread is irrelevant in the greater scheme of things.A spread of 10% seems excessive to me especially when it is about 1% on TSX,i am a Yorkshireman after all and we never pay more than necessary. Norman i will try your suggestion,i will also check with TDW the cost of the currency exchange,i have looked at openning a foriegn dealing account with them in the past. I already hold a lot of oil shares and have done very well out of them since 2002.If anything i am overexposed to oil.This one has definate multibag potential that the market has missed because of the write off of earlier exploration costs. I dipped a toe in the water and the more i have read the better it gets.So time to add a few more. | sg31 | |
05/10/2007 13:54 | sg31. Level 2 is 107 - 98. Only trade has gone through at 102p. So if thats say a sell you may well be able to buy at say 105p. Tell your broker what you want to pay for them say 105p. Then the spread is technically only 3p. I often get quotes and then say work the order for me at say 105p. Kind of like a limit order. There is no point dealing on the TSX because of the cost of exchanging currency. The spread is not that bad and if you think there worth £3 then as someuwin says it is irrelervent. Likewise for selling you may well be able to get a better price than is quoted. from sharescope. "When you deal via your stockbroker, you buy at the offer and sell at the bid (that is, you buy at the higher price and sell at the lower price). The member firms will generally buy at the bid and sell at the offer. That's one of the key ways they make money. Some brokers allow private investors to do the same through Direct Market Access (DMA). Becoming familiar with level 2 is the first step to being able to use DMA." obviously this makes trades difficult to identify as buys or sells, take a look at the trades yesterday on URA for an example. 21m traded 10% of the company but were they buys or sells ? Who knows. All part of the game. regards, norman | norman the doorman | |
05/10/2007 13:30 | Seems like a reasonable spread to me. But at the end of the day, as long as you intend to hold for more than a few days the spread is largely irrelevent. If you think they're worth 107p then buy, if not then don't buy - simple as that. | someuwin | |
05/10/2007 13:21 | I have just tried a buy and was offered 106.75,a sell was at 98p.the spread shown was 98/107.Both were with Barclays.I can not access the TSX yet but iexpect their spread to be tighter. | sg31 | |
04/10/2007 22:47 | I keep getting offered the quoted price.Having said that i have not tried in last few days.Will have another go tomorrow if i get chance.I feel the need to top up.Alternative is to open a foriegn dealing account,spread on TSX is much tighter. | sg31 | |
04/10/2007 06:39 | thanks norm[hd] | jumbo66 | |
03/10/2007 23:09 | you can deal fair way inside the spread for bid and offer prices. | norman the doorman | |
03/10/2007 22:27 | Reason theres not much interest is the spread. | sg31 | |
03/10/2007 18:59 | hi norm would u mind putting the long term chart up thanks j[hd] | jumbo66 | |
03/10/2007 18:58 | hope for us to see it back towards 1995 ish prices not much rersistences till then do ya tink[hd] | jumbo66 | |
03/10/2007 17:27 | Nice to see the share price is still moving upwards | captainfatcat | |
03/10/2007 10:20 | Yes - don't know why there are not more people in on this one? I guess they'll all wake up to it at some point! Anyway, should be getting news on Tres Curvas-1 testing by next week... "Tres Curvas-1 reached a total measured depth of 3,550 feet (total vertical depth of 3,518 feet) on September 11, 2007. Initial log interpretations, sidewall cores, and hydrocarbon shows encountered during drilling, indicate reservoir quality sandstones with potential oil pay in six zones within the Los Cuervos, Barco and Catatumbo formations. These formations are productive in nearby Venezuelan fields. Solana plans to test Tres Curvas-1 with the DWS drilling rig that is currently on location. Testing could take up to four weeks." | someuwin | |
03/10/2007 10:13 | can't think of a share with better potential at the moment. not many people in on it though. | norman the doorman | |
03/10/2007 10:02 | Good to see this one moving up again. | someuwin | |
28/9/2007 21:45 | Colombia: Gran Tierra ramps up net production to over 2,000 barrels of oil a day 28/09/2007 Gran Tierra Energy Inc announced that the Company's net after royalty production has averaged approximately 2,034 barrels of oil per day (BOPD) since September 10, 2007 as the result of recent increased production from two new oil field discoveries in Colombia operated by Gran Tierra Energy. A staged new field development program has been initiated to allow for continued production growth through 2008. The first stage of development is being implemented at the new Costayaco oil field in the Chaza Block, located in the Putumayo Basin of Colombia. Production with natural flow has averaged approximately 1,748 BOPD gross (788 BOPD net after royalty) since September 10, 2007 from selected reservoir zones in the discovery well Costayaco-1. This production is currently being transported by truck to existing facilities. A ten kilometer eight inch pipeline is being designed to replace trucking operations. This pipeline is expected to have a physical capacity of up to 25,000 BOPD to handle any new production from future development wells, although the initial throughput will be limited to existing infrastructure capacity that is estimated at 5,000 to 6,000 BOPD. This pipeline is expected to be operational at mid year 2008. Two development wells are currently planned for the Costayaco field, with drilling to be initiated late in the fourth quarter of 2007 and continuing into 2008. A new 3-D seismic acquisition program encompassing 70 square kilometres over the field has been initiated and is expected to be completed in the fourth quarter of 2007. The results of this seismic program will be used to plan development drilling in 2008. A second stage of additional development drilling and infrastructure construction will be contingent on the results of these initial wells. A staged development program is also being implemented for the new Juanambu oil field in the Guayuyaco Block, located adjacent to the Chaza Block in the Putumayo Basin of Colombia. Early production testing has been completed and the application process for commerciality is continuing. The construction of a six kilometer six inch flowline is being planned to transport oil from the Juanambu-1 discovery well to existing infrastructure and should be operational in late fourth quarter of 2007. A second stage of development drilling and infrastructure construction is being evaluated for 2008. Since September 10, 2007 Gran Tierra Energy's production in Colombia has averaged approximately 1,491 BOPD, net after royalty, and production from operations in Argentina has averaged approximately 543 BOPD. Gran Tierra Energy's 2,034 BOPD net after royalty average production for this period is up from 1,140 BOPD average for the first half of 2007. Dana Coffield, President and CEO, stated "My objective of attaining a 2007 exit rate for Gran Tierra Energy in excess of 2,000 BOPD net after royalty has been attained three months ahead of schedule. Gran Tierra Energy's work program focus is now transitioning from exploration to development activities which are intended to continue our production growth into 2008. These development programs will be complemented by continued exploration activity in our three countries of operations through 2008." Source: Gran Tierra | jumbo66 | |
27/9/2007 13:26 | Looking good,Should be steady progress from here. | sg31 | |
27/9/2007 09:50 | Solana Resources says average output since Sept 10 jumped to about 1,450 boepd AFX LONDON (Thomson Financial) - Solana Resources Ltd said its average production (net after royalties) since September 10 has increased almost three-fold from January to about 1,450 barrels of oil equivalent per day, reflecting new production from the Juanambu and Costayaco oilfields in Colombia discovered in the first half. Staged field development programs on both fields have been initiated which should allow for continued production growth through 2008, Solana added. The first development stage at the Costayaco Field also includes drilling two development wells commencing late in the fourth quarter of 2007 and continuing into 2008. A staged development program is also being implemented at Juanambu in the Guayuyaco Block where production testing has been completed and the application process for commerciality is continuing, Solana said. | dfgo | |
27/9/2007 07:28 | Excellent news - and lots more to come soon. | someuwin | |
27/9/2007 07:14 | Solana Resources Limited ("Solana" or the "Company") - Colombia Production & Field Development Plan Update CALGARY, Sept. 26 /CNW/ - Solana Resources Limited (TSX-V: SOR; AIM: SORL) is pleased to announce that its average production (net after royalties) since September 10, 2007, has increased almost three fold from January this year to approximately 1,450 barrels of oil equivalent per day. This total comprises approximately 1,290 barrels of oil per day (bopd) and 955 thousand cubic feet of gas per day. This increase is reflective of new production from the Juanambu and Costayaco oilfields discovered in the first half of 2007. Staged field development programs on both fields have been initiated which should allow for continued production growth through 2008. Costayaco Field ---------------- Located on the Chaza Block, Putumayo Basin, first development stage trucking of Costayaco-1 production to existing facilities has been implemented. Costayaco-1 has been averaging approximately 1,750 bopd gross since September 10 (805 bopd net of royalties to Solana) on natural flow from selected zones. Costayaco-1's production rate is currently limited by trucking capacity. The first development stage also includes drilling two development wells commencing late in the fourth quarter of 2007 and continuing into 2008. To assist with future development drilling location selection, a 70 square kilometre 3-D seismic program, covering the entire field, has also been initiated and will be completed by the end of the fourth quarter of 2007. Additionally, a ten kilometre eight inch pipeline, tying into existing infrastructure, is being designed to replace trucking operations. This pipeline will have sufficient capacity to handle estimated full field development volumes, although initial throughput will be limited to existing infrastructure capacity which is estimated at 5,000 to 6,000 bopd. This line is anticipated to be operational in the second quarter of 2008. A second stage of development drilling and infrastructure construction will be contingent on the results of these initial wells. Juanambu Field -------------- A staged development program is also being implemented at Juanambu in the Guayuyaco Block which is directly east of the Chaza Block in the Putumayo Basin. Production testing has been completed and the application process for commerciality is continuing. A six kilometre six inch flowline tying Juanambu-1 into existing infrastructure is being designed and should be operational by late fourth quarter 2007. A second stage of development drilling and infrastructure construction is being evaluated for 2008. Mr. Glenn Van Doorne, Chief Operating Officer of Solana, a Petroleum Geologist, is the qualified person who has reviewed the technical information contained in this news release. Forward Looking Statements Certain information regarding the Company, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks associated with oil and gas exploration, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, imprecision of reserve estimates, mechanical problems, equipment limitations, environmental risks, competition from other producers and ability to access sufficient capital from internal and external sources; as a consequence, actual results may differ materially from those anticipated. Solana Resources Limited Solana (www.solanaresources engaged in the acquisition, exploration, development and production of oil and natural gas. The Company's properties are located in Colombia, South America and are held through its wholly owned subsidiary, Solana Petroleum Exploration (Colombia) Limited. The Company is headquartered in Calgary, Alberta, Canada. NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. For further information: Solana Resources: Scott Price, jsp(at)solanaresourc rmontes(at)solanacol (Nominated Adviser): John Wilkes, solana(at)nabarro-we 7400; Tristone Capital Limited (UK Broker): Nick Morgan, nmorgan(at)tristonec Charles Vivian, charles.vivian(at)pe Dennis, philip.dennis(at)pel (SORL) | captainfatcat |
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