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[dreggspicker] 13/11/2013 14:07

thanks Napoleon, that from Tullow is good news, despite their site being ransacked, there is now a agreement, should be also good for little old us ...........

[napoleon111] 13/11/2013 09:38

13 NOVEMBER 2013

Tullow Oil confirmed today it had restarted operations in northern Kenya after reaching an agreement with local leaders to prevent a repeat of protests that halted work last month.

The government said protesters ransacked one site, which Tullow works on with parter Africa Oil.

In a trading statement, Tullow also gave an update on a number of key wells.

The company said it would increase production by the equivalent of 200 million barrels of oil by the end of 2013.

Its capital expenditure targets for 2013 remains in the region of $2bn, adding that as of 11 November 2013, its net debt stood at $1.8bn.

It said a result on its Tultule 1 well in Ethiopia was expected by the end of November, and that its Fregate well in Mauritania would reach total depth in December.

In French Guiana, Tullow said its Zaedyus-1 has reached total depth and evaluation of the well was ongoing.

[napoleon111] 12/11/2013 15:42

price action not inspiring confidence :(

[dropside] 08/11/2013 21:22

Just posted to their website, a very interesting presentation by our neighbours and fellow-Canadian stock Taipan - the size of Kenya farm-ins, drilling and discoveries in the region, what each is doing, Africa Oil, Afren, Vanoil and the rest.

[dropside] 05/11/2013 21:04

Keep waiting dreggs, they are getting cheaper, now 23.5 to buy! If they go much lower I'll be back with my shopping trolley.

[dreggspicker] 05/11/2013 20:24

Would join you drops, but lack of dosh,...........

[dropside] 04/11/2013 19:31

These can be bought at 0.25CAD. That translates to a buy price of 15.3p. This will look really very cheap once drilling restarts, as it should.

Had to buy more this afternoon. I have plenty of these already, but the assets they have for the price, and the potential for significant news in the near future, make this look very good compared with many others on the market.

[dropside] 29/10/2013 20:52

Has a ring of truth, could be right.

The trading in Canada seems to have woken up today lot of trades compared to normal.

hxxp://www.investorpoint.com/stock/VEL%3ACA-Vanoil+Energy+Ltd%2E/market-makers-level2/

[dreggspicker] 29/10/2013 18:37

This has been posted on stockhouse;


stoktik

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Got through

So the drill was never turning , however the rig is still on site and VEL is in a meeting tonight with Tullow ,Africa oil and others in London .CEO and others will attend a meeting with the Kenyan goverment officials to end disputes .Nice move ,when the nonsense stops with the companies it should signal a go for the drilling to begin on VEL ,with the other monster players involved it should be soon.Buy on rumour ,sell on news .

Read more at

Make of it wot you will, dreggs

[dropside] 28/10/2013 20:04

Yes, I noticed that Dreggs. Problem is I guess that the locals don't have the oil industry skills (at the moment) so end up with the poorly paid jobs like security while the skilled ex-pats look like they have loads of cash.

[dreggspicker] 28/10/2013 19:30

We are not alone with people trouble in Kenya, Tullow is in the same position;


Tullow Oil PLC

28 October 2013

News Release

Kenya Operations Update

28 October 2013 - Tullow Oil plc (Tullow) announces that it has temporarily suspended all operations as a precautionary measure in Block 10BB and Block 13T in Northern Kenya. This decision follows demonstrations by local people regarding concerns around employment.

Tullow takes its relationships with the local communities extremely seriously and the decision to suspend exploration and appraisal operations was taken to prevent further escalation of the demonstrations while discussions to resolve this issue for the long term are ongoing.

Tullow is working closely with the local communities, the local Government and the national Government so that the company can resume work in Blocks 10BB and 13T as soon as possible. The Company is fully committed to utilising as many local workers and local services as possible and currently employs over 800 people from the Turkana region out of the 1,400 people currently employed on Tullow's Kenyan operations.

So that is 800 back into unemployment and poverty........... You could not make it up.........

[dreggspicker] 14/10/2013 08:34

"""""""""Yep, we need some news, PLEASE WE NEED GOOD NEWS, are we drilling?

Have we finished drilling on the quiet?????????are we due for testing????????

I Know testing equipment & crews are rare in the area, are we hiring it when Tullow have finished with it???????????

Is there anything worth testing??????????????


Thats better now it is off my chest.........""""""""""

Just thought I would repeat that again, still needs to be answered.........

dreggs

[napoleon111] 07/10/2013 07:21

could be a good precursor for something in our blocks, sure would be nice.
will be interesting to see if there will be any unusual trading today

[dropside] 06/10/2013 19:05

Back to oil...

Current Activities update from Africa Oil. Next door to us, the results will be very interesting. Note that PaiPai is described as a 'discovery'.

Block 9 The Bahasi-1 well in the Kenya Block 9 Bahasi prospect is expected to spud in the next few days. . The prospect is a large anticlinal feature in the Lower Cretaceous Anza rift and is on trend with the Paipai discovery made early this year in Kenya Block 10A. The pre-drill prospective resource best estimate of this prospect is 320 million barrels of recoverable oil (Gaffney, Cline & Associates July 31, 2013). Under the terms of the farmout agreement, Marathon Oil will pay for drilling this well. September 26, 2013

[dreggspicker] 03/10/2013 20:25

so it has gone then, ........ as for price it seems to be the lower grade which is in demand, but the price is very opaque, as alot of chemical producers want to make their own HF not buy from china.........

[dropside] 03/10/2013 19:40

Fluorspar Price: US$420-420/tonne
Chinese Acid-Grade Wet Filtercake
Delivered (CIF) Rotterdam
(www.indmin.com 26 Sep 2013)

[dropside] 03/10/2013 19:25

Dreggs, just done a bit of Google - it was 28 September. I can't see Passin in the crowd..

[dreggspicker] 03/10/2013 18:52

Hi Drops, they were on the Tertary thread, so I can not claim to have done much research................ But I am thinking the event has not happened yet? no dates mentioned but the article was updated on the 2nd of oct, then "next friday" is mentioned which I take as this coming friday........

[dropside] 03/10/2013 18:33

Thanks for the links dreggs. Good research!

I hope Passin did get to meet the president last weekend, good to see they progressing that as hard as they can.

The fluorspar prices are indeed all over the place, but they must think there is a chance to make money. Great if it happens. Has anyone got an indmin subscription? I can only read the first few lines but they are interesting enough :-)

[dreggspicker] 03/10/2013 13:06

drop, seems to be a glut of production of hydrofluoric acid in china, they (china) did say they wanted to increase the value of thier production by exporting acid a while back and it seems to have bitten them in ths bum! They can't sell it, but for metspar grade is going up in price as there does not seem to be enough around, so acid grade has fallen, but met spar has gone up, prices seem to be all over the place, see here;








Also Rwanda dispute seems to be getting juicey;




dreggs

[dropside] 03/10/2013 12:52

Great news if we start mining fluorspar again! Anyone know the current fluorspar price?

[dreggspicker] 03/10/2013 08:32

well vauch we are in theory drilling in a red hot frontier, this re-opening of Witkop would be a bonus if it happens, or perhaps they are bulling it up to sell it ...............

[vauch] 03/10/2013 06:57

we have don well out of the deal haven't we

[dreggspicker] 02/10/2013 22:35

just looked, nearly 10 rand to the $ at the moment........

[dreggspicker] 02/10/2013 22:03

This seems to be the catalyst...................