http://www.granbyoil.com/





* Granby, established in 2002, is one of the leading new generation UK North Sea exploration businesses
* Granby has developed a highly attractive UK North Sea exploration portfolio with net prospective resources of 281 mmbbl (risked net prospects of 59 mmbbl)
* The first exploration well on the Marquis prospect in block 21/6b is due to be drilled in late June to early July 2005
* In addition, the company is in the process of finalising negotiations for access to a potential offshore oil field development in the Philippines
* The combined management team includes five former executives with a broad range of skills each with over 20 years experience in the oil industry, principally with Enterprise Oil plc
* Granby has a track record of identifying exploration prospects and creating development solutions as well as having the commercial skills required to farm out and conclude innovative commercial deals
* Granby has recently submitted licence applications in the 23rd Round

RNS's from GOIL can be viewed at:

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=goil&go.x=15&go.y=9

The 20,000 was a buy.

Yes the 20k was.

Now is the time to keep a good eye wilbs.

The ask is dropping on buys, so apparently no reason for it except that this may be higher than the mm's think it should be.

If it ticks again, that may be followed by a quicker drop.

If you have a bit of slack, you could afford to see if that happens.

All imo etc.

(edited god eye refers to an Englishman pretending to speak French. 'Allo 'Allo)

Well, it's still plus 7p but this pattern has occurred with a couple of floats in this E & P sector lately.

The last one was GBP.

You still in wilbs or did you take the money?

Im staying in. They have a good future and a good management team behind them, im also in ELP and they should work well together in the North Sea. News on the potential offshore oil field development in the Philippines must be hiding round the corner waiting to pop its head round. Any big dips and I will look to add.
wilbs

I LIKE THE CONVICTION...

Who splashed out on 30 earlier? You won't have any pocket money left!!!!
wilbs

Good luck wilbs.

If you have done the homework and feel that way, there is every good chance that this will work.

I am no where near being able to comment on this Company for fundamentals, so I will start to research it.

Who knows, I may join in.

Been interesting to watch today, so thanks for bringing it forward for a look see.

I will stay watching.

cheers seawallwalker. I will keep the thread updated. I have done enough research to convince myself to buy but I may be wrong, its re-assuring knowing the directors all hold. Got me little oil rig at the top now.

wilbs

WEDNESDAY |June 08, 2005 | PHILIPPINES

Vitol to invest $31M

--------------------------------------------------------------------------------
By LENIE LECTURA
Netherlands-based Vitol Group will pour in an additional $31 million into a consortium tasked to develop oil reserves located northwest of Palawan.

The group is an international marketer of petroleum products. It had earlier committed to invest $9 million to the Galoc Production Co. (GPC), a consortium formed by British

firm Team Oil Ltd. and Cape Energy Pty. Ltd. of Australia to develop oil reserves in an oil field estimated to hold about 30 to 50 million barrels.

Vitol will underwrite a $31 million loan to further develop the Galoc oil field. The Vitol group has interests and activities in the African oil industry. It is one of the worlds foremost oil trading companies with a wide range of activities encompassing exploration, refining and shipping. Its product portfolio includes a range of fuels, chemicals and liquefied petroleum gas.

Team Oil and Cape Energy earlier signed a "farm-in agreement" with SC 14 consortium which holds the rights to explore the oil reserves in the Galoc field.

Vitols investment was known through Philodrill Corp., one of the consortium members which hold Service Contract 14. The other members includes Oriental Petroleum and Mineral Corp., Alcorn Phils.; Alcorn Gold Resources; Linapacan Oil, Gas & Power; Altisima Energy; Basic Petroleum and Minerals; Petroenergy Resources; Phoenix Energy; and Perth-based Nido Petroleum.

The agreement cover the Galoc area, which will be developed by the Team Oil and Cape Energy at their own cost in exchange for 80 percent equity.

The consortium completed as of end-March three crude shipments to Pilipinas Shell Petroleum Corp. of 38,385 barrels of crude from SC 14, particularly, from the Nido and Matinloc areas.

http://www.malaya.com.ph/jun08/busi2.htm

wilbs

She's ticking up again nicely.

GULP!!!!

Latest trades:

Time Price Quantity Type Bid Offer Buy/Sell Total Buy Total Sell Total Unknown
22/06/05 08:40 139.65 773 O 133.0 140.0 Buy 57,606 15,000 5,000
22/06/05 08:37 139.65 1,000 O 133.0 140.0 Buy 51,833 21,000 5,000
22/06/05 08:35 140.0 10,000 O 135.0 140.0 Buy 50,833 21,000 5,000
22/06/05 08:34 138.25 0 O 137.0 142.0 Sell 40,833 21,000 5,000
22/06/05 08:33 140.0 5,000 O 140.0 142.0 Sell 40,833 15,000 5,000
22/06/05 08:31 142.0 1,396 O 140.0 142.0 Buy 40,833 10,000 5,000
22/06/05 08:30 137.0 5,000 O 140.0 142.0 Sell 39,437 10,000 5,000
22/06/05 08:28 132.0 5,000 O 130.0 135.0 Sell 39,437 5,000 5,000
22/06/05 08:27 130.0 5,000 O 127.0 132.0 Buy 39,437 0 5,000
22/06/05 08:27 130.0 500 O 127.0 130.0 Buy 34,437 0 5,000
22/06/05 08:25 127.0 5,000 O 125.0 127.0 Buy 33,937 0 5,000
22/06/05 08:24 126.0 5,000 O 125.0 127.0 ? 28,937 0 5,000
22/06/05 08:23 125.0 4,500 O 121.0 125.0 Buy 28,937 0 0
22/06/05 08:21 125.0 5,000 O 120.0 125.0 Buy 24,437 0 0
22/06/05 08:18 124.0 10,000 O 120.0 125.0 Buy 19,437 0 0
22/06/05 08:18 125.0 9,437 O 120.0 125.0 Buy 9,437 0 0

wilbs

Nice one wilbs
Loadsa

PHILIPPINES - GALOC FIELD DEVELOPMENT



wilbs

A right cracker you'v dug up here (excuse the pun) , didn't have any funds available so not in wilbs.

Whats the target for this one? short and long

Cheers jimmy. ELP is also one to watch IMO. When we get more updates on the Marquis prospect in block 21/6b in the North Sea then they will both hopefully be heading north. They may also work together on other projects in the North Sea.

As for a target? Its hard to put one on at the moment until we get some more news and better estimates of how much oil there is and the cost of getting it to the surface, also depends on the news of the Galoc block which I think is what may be pushing the sp up. I personally can see it hitting 200p in the short term but thats IMHO.
wilbs

What's your take on EEN wilbs, it was tipped last month in a publication i subscribe too..