Valiant Petroleum Share Discussion Threads

[pyemckay] 01/3/2012 16:46

13mbo gross 4mbo net to vpp according to the presentation on the website.

[utrecht_00] 01/3/2012 16:08

pye- how much oil are they targeting?

[pyemckay] 01/3/2012 15:46

found it..


  "  A 30.0% interest in Cladhan South promoted for the full cost of an initial exploration well, subject to an agreed cap on the promoted costs"

[pyemckay] 01/3/2012 15:43

remember the terms of the drill about to spud at cladhan. they get a full carry for this drill so it's a free shot courtesy of sterling from memory.
as usual there is slippage on the timescales..

[utrecht_00] 01/3/2012 15:18

doesn't seem like VPP is benefitting from the situation at IAE. So much for our q1 drills, I thought this was supposed to be their busiest ever drill year? Its March and we haven't broken a sweat yet.

[ohisay] 01/3/2012 12:04

Ithaca was 140p AND commonly accepted as being undervalued before the first bid talks in January.Now they're looking at 220p + as a bid target.
As Scab would say relax.

[utrecht_00] 01/3/2012 11:39

well, its all quiet on the western front here. Whats the next news we are expecting? Selling would be the best option as we don't seem to be able to realise value from normal operations at present.

[ohisay] 01/3/2012 07:57

Well if there are at least 3 companies sniffing around Ithaca you can bet the slide rule is being run over VPP.

This time next year I reckon it will have been sold particularly if there are some titbits for marginal fields in the Budget..

[flyingbull] 27/2/2012 22:42

This is the third monthly Oil stock competition since the beginning of this year. To enter your entries for March, please go to the following link

Good luck....

fb

[flirker] 27/2/2012 22:33

See blackrock now sold a few.... surprised their cashing in already really. Wonder how the cash pot is looking with current oil prices. Certainly help with causeway and exploration costs this year without dipping in so deep to the debt facility. GLA

[eipgam] 27/2/2012 16:31

I want it all back... plus interest of course (@ 5% over LIBOR)...

[ohisay] 26/2/2012 20:40

Helpful for the likes of Vpp.Should be up tomorrow.

[utrecht_00] 26/2/2012 12:40

me neither, would appreciate any input. I like the fact that VPP is holding its own in the market. Oil rising, drilling coming, and maybe its on some people's takeover list?

[frazboy] 25/2/2012 10:35

i'm not a chartist CT, does that chart have any particular meaning?

[o1lman] 22/2/2012 11:00

Subject:




DJ MARKET TALK: Oil Majors Seen Buying Cheap Producers -Westhouse


1049 GMT [Dow Jones] On the back of recent oil company acquisition news, Westhouse Securities expects more cash-rich oil majors to take advantage of current low valuations to buy, as "it is clearly cheaper to buy reserves through the stock market than to explore." It notes the recent Royal Dutch Shell (RDSA.LN) bid for Cove Energy (COV.LN) and a possible offer from Dragon Oil (DRS.DB) for BowLeven (BLVN.LN). Westhouse notes that in the current industry environment, large companies will primarily be looking for bid targets trading at a substantial discount to NPV. The brokerage sees companies such as Coastal Energy Co. (CEO.LN) Soco International (SIA.LN) as possible targets for their operations in Southeast Asia; Antrim Energy Inc. (AEN.T), Ithaca Energy Inc. (IAE.T) and Nautical Petroleum (NPE.LN) as possible targets for operations in the U.K. North Sea; Petroceltic International (EG5.DB) and Gulf Keystone Petroleum (GKP.LN) as possible targets for operations in Africa and the Middle East; Global Energy Development (GED.LN) as a target for its LatAm operations; Indus Gas (INDI.LN) as a possible target for its India operations and Northern Petroleum (NOP.LN) as a target for its European operations. Westhouse has buy recommendations on Ithaca Energy, Nautical Petroleum and Northern Petroleum. No recommendations on the others.


>>>>>>>>>>>>>>>>

no mention of VPP still under the radar.

[flirker] 21/2/2012 18:20

Cheers Mcdougal, South Cladhan and Orchid kicking off soon then.... Should give some excitement and hopefully Cladhan will end the Sedco 704 duster run! share price taking a breather at 500p but appears to be some nice buy interest of late. GLA

[mcdougall1] 21/2/2012 09:03

February 21, 2012 - 2:00 AM EST

Sterling Resources prepares for drilling in South Cladhan

CALGARY, Feb. 21, 2012 /CNW/ - Sterling Resources Ltd. (TSXV: SLG) ("Sterling" or the "Company") is pleased to announce that it has contracted the Transocean Sedco 704 semi-submersible drilling rig to drill an exploration well in the South Cladhan area in UK North Sea Block 210/29c. The rig is due on location in March with the timing dependant on its current work program for Premier Oil. This will be the first well to be drilled in a channel system in this block which is due south of Sterling's main Cladhan field in Blocks 210/29a and 210/30a.

The partnership in South Cladhan (Block 210/29c) is composed of Sterling, which as operator holds a 25 percent interest, Valiant Exploration Ltd. with a 30 percent interest, Wintershall UK North Sea Ltd. with a 25 percent interest and Agora Oil and Gas UK Ltd. with a 20 percent interest.

Sterling Resources Ltd. is a Canadian-listed international oil and gas company headquartered in Calgary, Alberta with assets in the United Kingdom, Romania, France and the Netherlands. The shares are listed and posted for trading on the TSX Venture Exchange under the symbol "SLG".

[geraldus] 17/2/2012 08:08

utrecht-00.Shares were highlighting a few oilers,mainly Ithaca and the possibilties of a success at Handcross when they get a rig in place.- Geraldus Spotts.

[pyemckay] 17/2/2012 04:39

Valiant has had a terrific week or so. friday will see us close over 500p. defo short term of 600p and still undervalued at that price.

pye

[utrecht_00] 16/2/2012 18:24

pye- what irritates me though is mindless deramping. If you have a short fine, let it run don't try and con people with misinformation.

[pyemckay] 16/2/2012 17:47

maybe he closed his humongous short and that's what driving the price up. lol.

everyone has there own view! lol

[utrecht_00] 16/2/2012 17:45

geraldus- what did it say? Another welcome rise today. more tomorrow please. Where's our friend halfpenny?