Valiant Petroleum Share Discussion Threads

[utrecht_00] 09/1/2012 12:03

a welcome tick up this am.

[utrecht_00] 05/1/2012 18:48

quiet here, oil at over $114 a barrel, adding more revenue to VPP.

[o1lman] 03/1/2012 08:21

Hendry unveils new North Sea awards
Posted 03.01.2012 09:07:01 av John Bradbury Britain's Energy Minister Charles Hendry has kicked off a new round of North Sea exploration for 2012 by announcing 46 new offshore exploration licences.

Hendry's office has offered the 46 new licences covering a total of 110 blocks for exploration in the North Sea as part of the UK's 26th Offshore Licensing Round which closed in April 2010.

This is the second tranche of licences to be offered in the 26th Round which were originally held back from the main licence announcement while further assessment was carried out on applications which covered specially protected sites - either Special Areas of Conservation (SACs) or Special Protection Areas (SPAs). A total of 268 blocks were offered in the 26th Round in October 2010.

Minister Hendry said the new licences should ensure the continued prosperity of the UK's offshore oil and gas industry: "Oil and gas remains crucial to the UK economy – contributing around 2% to the country's GDP. Our innovative licensing system continues to make the UK one of the most attractive places to do business," he declared.

Interest in new licensing remained, the Minister said, ensuring the future of the industry: "These continued high levels of interest, and the award today of these licences, gives me yet more reason to be optimistic for a prosperous 2012 for the UK oil and gas sector."

Up to 12 new exploration wells are due to be drilled as part of these new licence obligations, but the majority of the work commitments involve the acquisition and processing of seismic data.

Firm wells:
France's Total and GDF Suez have each won new licences in this latest tranche of awards and both carry the biggest drilling commitments with their new licences with obligations to drill four wells each. Nexen, Premier, Sterling and Valiant take on an obligations to drill one exploration well apiece.

GDF's new drilling obligations cover: One in a new licence covering blocks 22/16 and 22/17b, operated by GDF Suez in partnership with RWE Dea, Nippon and OMV; another in block 22/23c; one in block 30/1a, and a fourth well in block 30/13b.

Total is also committed to a total of four firm wells, one in block 3/18, two wells in block 29/15 (split), and one in block 30/8.

Operator Nexen is obliged to drill a firm well on a new 26th Round licence covering blocks 38/5, 38/10, 39/1b, 39/6, and 39/7.

Premier Oil is committed to a firm well in block 21/7b, partnered by Antrim; Sterling Energy is committed to a firm well in a new licence covering blocks 21/30e (split), and 22/26c (split).

Valiant Petroleum is obligated to drill a well over a licence covering three blocks, 30/6b, 30/11a and 30/12d.

[sigala] 30/12/2011 21:33

Hi Chart Trader,

This question over EPS came up on the iii thread as well and when we looked into it, it turned out that the company had mistakenly left "pence" for the EPS figure in their 2010 results when it should have read "cents". This mistake was then passed on uncorrected by some of the share info sites. VPP have now corrected this to bring it into line with the rest of their reports (it was perhaps a left-over from the time they recorded their results in £Sterling).

Regards,

Sigala

[utrecht_00] 30/12/2011 20:35

oh btw nice little mention in todays FT, referencing whatever broker it was yesterday mentioning we were a buy and that causeway had Gov approval.

[utrecht_00] 30/12/2011 14:19

and the eps is 2010 figures not 2011 forecast. But appreciate the data from CT.

Happy new year all.

[sigala] 30/12/2011 14:16

Hi Chart Trader,

With respect, in the chart that you have posted - I think there are some mistakes in the data.

Looking at the Key Metrics section it shows in the FY ended 31/12/10 a profit of £32.98m - it was actually $33.98m.

For the same year the EPS is given as 99.74p whereas it was 55.26p.

This is throwing off some of the other graphs - suggesting that the EPS is going to slump for this financial year, whereas it is forescast to grow substantially.

Regards,

Sigala

[utrecht_00] 28/12/2011 15:50

kiwi, P/e is around the 3 ish mark. No debt, and should pump circa 8000 bopd for whole of 2012 (on the low side)

[7kiwi] 28/12/2011 15:41

ut,

No, I don't hold any VPP, but thought the above would be of interest.

Last time I looked it looked too pricey to me.

But, as the share price has dropped it may be worth another look.

[utrecht_00] 28/12/2011 15:08

kiwi, thanks and nice to hear from you. Not really on GPX site since I sold up. You hold any VPP btw?

again, why do we have to hear this from another company and not from the operator themselves!!!

[7kiwi] 28/12/2011 14:41

Antrim Announces Approval of Causeway Field Development Plan

[sigala] 21/12/2011 21:29

Merry Christmas Utrecht et al,

Sigala

[utrecht_00] 21/12/2011 12:02

Ohisay, sure are, great chart- thanks. Merry Christmas all and here's to a better 2012, share price wise.

[ohisay] 21/12/2011 09:40

ENQuest /VPP joined at the hip

[sigala] 21/12/2011 09:37

Hi bbluesky,

You're welcome.

Sigala

[ohisay] 20/12/2011 23:37

Major Shareholders Amount % Holding
AXA Investment Managers - 5,305,551 13.04
Investec Asset Management - 4,023,587 9.88
JP Morgan Asset Management - 3,701,411 9.36
Peter Buchanan - 3,124,863 7.97
BlueGold Capital Management L - 1,986,892 4.88
Black Rock Inv Mgmt - 1,719,160 4.35
Artemis Inv Mgmt Ltd - 1,451,323 3.67
Cazenove Capital Mgmt Ltd - 1,228,893 3.11
Royal London Asset Mgmt Ltd - 1,248,062 3.06
Aviva Investors - 1,236,959 3.04

[bbluesky] 20/12/2011 19:13

Very interesting overview Sig. Many thanks. 2011 has been disappointing re share price though your analysis of laying the foundations seems most apt. Utrecht don't forget they say the darkest hour is just before the dawn...Last minute Christmas shopping? I would be happy to be given a few of these! Merry Christmas everyone and here's to a prosperous New Year!