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VPP Valiant Petrol.

437.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Valiant Petrol. LSE:VPP London Ordinary Share GB00B2NJD643 ORD 2.555556P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 437.00 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Valiant Petroleum Share Discussion Threads

Showing 1926 to 1948 of 2575 messages
Chat Pages: Latest  79  78  77  76  75  74  73  72  71  70  69  68  Older
DateSubjectAuthorDiscuss
22/10/2012
14:25
it looks to me like it's another 2 week delay, to add to the last 2 week delay (which was over a month ago)

i'll be happy to see the oil flowing!

frazboy
22/10/2012
11:48
Chart- thanks for that, more good news but the share price doesn't seem to reflect it.
utrecht_00
11/10/2012
08:39
Looking back at the shares I've held in companies which have accepted bids, I can say that the agreed bid has always been below my expectation. So, while I agree that 600p looks a fair figure, I wouldn't be surprised if a bid were to be agreed as low as 540p.
ed 123
11/10/2012
08:29
Ed- thanks for that. Whatvdo you think we could get as a price- 600p
utrecht_00
11/10/2012
08:11
IAE have announced closure of their debt facility. Agreed $430m. Also report $132m in cash. Total $562m or around £350m.

I'm not sure how much of this is earmarked for their Stella development. However, Ithaca looks to be a credible bidder, for part or whole.

EDIT: I've found the major development contract for Stella will cost Ithaca $126m net. There will be other costs but they have the cash flow from ongoing production (say, $20m per quarter) to further boost their funds. Also they could extend their borrowing against Valiant's production. In all, it does look like they could buy the whole of Valiant. Will they bid? Will anyone bid? Will the major shareholders in Valiant want to accept a bid or will they prefer to remain independent?

ed 123
10/10/2012
11:49
Pye- thanks for this. Why has it taken so long to bring it on stream?
utrecht_00
10/10/2012
11:22
just to remind everyone what happened 6 years ago during testing. Cant be long now!

FOR: ANTRIM ENERGY INC.

TSX SYMBOL: AEN AIM SYMBOL: AEY

August 11, 2006

Antrim Energy Inc.: Final Test Results from East Causeway

CALGARY, ALBERTA--(CCNMatthews - Aug. 11, 2006) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") is pleased to announce the final test results from the Antrim-operated East Causeway well 211/23d-17z (Antrim 65.5%) in the UK North Sea. The well was drilled at a high angle and horizontally through the Middle Jurassic Brent Group of sandstones, intersecting several reservoirs in the Ness and Tarbert Formations in two separate fault compartments. A stabilized test rate of 14,500 bopd has been recorded from the combined Ness and Tarbert Formations in the western fault compartment.

The second and final test was performed on the Ness Formation in the western fault compartment. The tested zone flowed at multiple stabilized rates up to 7,500 bopd. The 7,500 bopd was recorded at 1,006 psi on a 42/64 choke. The oil is similar to that recovered from the first test i.e. light, 32 degrees API, sweet with a low gas oil ratio. No water was tested from either zone.

The initial test, previously announced August 3, 2006, recorded stabilized rates of up to 7,000 bopd from the Tarbert Formation also from the western fault compartment.

Neither of these reported rates include the 8,100 bopd flow rate which was previously recorded from the Ness Formation in the suspended 211/23b-11 well in the eastern fault compartment. This Ness reservoir was also intersected at a high angle and horizontally by the current Antrim operated 211/23d-17z well but not tested. It is Antrim's intention to also complete the well for production from the Ness Formation in this eastern fault compartment.

Flow rate and pressure data from the tests will now be analyzed to assess the full productivity and reserve potential of the Ness Sandstone intersected by both the 23b-11 well and the current 23d-17z well, in addition to the two zones tested by 23d-17z and several other zones that remain untested in 23d-17z.

An evaluation of the log data through the horizontal section of the well bore indicates that net pay is 77 ft (23.5 m) rather than the 57 ft (17.4 m) previously reported on July 24, 2006.

The well will be suspended pending final development and the drilling rig released within the week.

Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Chief Operating Officer of Antrim, is the qualified person that has reviewed the technical information contained in this press release.

Updated information about Antrim can be accessed on its website: www.antrimenergy.com.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc. Stephen Greer President & CEO (403) 264-5111

(403) 264-5113 (FAX)

Email: greer@antrimenergy.com

OR

Antrim Energy Inc. Kerry Fulton Chief Operating Officer (403) 264-5111

(403) 264-5113 (FAX)

Email: fulton@antrimenergy.com Website: www.antrimenergy.com

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

INDUSTRY: Energy and Utilities-Oil and Gas
SUBJECT: DRO
-0-

Antrim Energy Inc.

pyemckay
10/10/2012
05:11
So glg increasing their holding.
utrecht_00
05/10/2012
20:04
See post 3743



Possibly another 10 days to Causeway first oil.

ed 123
05/10/2012
19:05
I hope it would be sold.
philo124
05/10/2012
17:01
Ed, I like your suggestion of an enquest/faroe combined bid. A strategic review should not take until the end of 2012 but knowing this lot....
utrecht_00
05/10/2012
15:44
Hmmm. Something triggered this. The bid (if one comes) might still be several weeks away. To get a full price for Causeway, some production data/reservoir performance would need to be recorded.

Patiently waiting. Maybe we'll be given the result of the strategic review around the end of 2012?

ed 123
05/10/2012
15:38
is something afoot? volumes at over 1 million shares- haven't seen that for a while and appears to be 3 buys totalling a million.

Even given the incompetent management its stupidly cheap at this rate and if we get 6000 bopd from causeway that would be great news. Lets hope we get some good bids in for this.

utrecht_00
05/10/2012
15:34
Is that a seller cleared at 430p?

The share price decline had me a bit worried about Causeway, although Antrim seemed unaffected. Very good to see the reversal.

Can't be long till Antrim report first oil. That would see me much relieved. Maybe Monday.

Now wondering whether there might be a joint bid for Valiant? Enquest to have the Dons and Faroe to have Causeway/Fionn? Then split Valiant's other assets between them, maybe 4:1?

ed 123
05/10/2012
14:56
phil- do you think the company will be sold?
utrecht_00
05/10/2012
14:22
Waiting for £5.50.
philo124
05/10/2012
14:06
nice welcome rise today. Where is everybody?
utrecht_00
29/9/2012
12:39
chart- so lets forget anymore drilling and either sell the company or just make a load of cash from pumping oil and stop wasting time and money on dry wells. We actually don't need to drill, we have plenty of producing assets.
utrecht_00
28/9/2012
20:28
Please find below the link for entering the October 2012 Monthly Oil Stock Competition. Deadline for entry is this Sunday at midnight.



Good luck!!!

fb

flyingbull
20/9/2012
17:38
The BOD are a bunch of clowns if they don't sell up. I am sure the II's won't allow them to bulk up. We are for sale.
utrecht_00
20/9/2012
16:25
Yes. The market is saying VPP's earnings will fall or be largely swallowed up by exploration further out.

450p in the market, after an RNS stating they're open to offers, says a lot.

At the time of the RNS I had been guessing a bid of 625p might do it. Now, I think that might be high. Maybe 585p will do it? (30% uplift on today's price.)

If VPP should opt to bulk up, we'll be back down to 350-ish, imho.

(Forgot to take my happy pills.)

ed 123
20/9/2012
15:54
VPP is on a forward p/e of less than 3.
philo124
20/9/2012
15:37
PCI's shareholders today voted to approve the merger with MRS.

PCI share price now around 7.1p, compared to around 8.1p before the proposed merger was announced.

Would VPP shareholders be happy with a merger and 12% drop in their share price.

VPP currently stands at 450p. What's the choice? £4 for a merger of equals or £6 to be taken over by a bigger player?

I know where my vote would go.

(Sale of some assets is possible. But what's the point in that?)

ed 123
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