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

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..

http://www.fourfolddesign.co.uk/energy365new/dino/guestmandate0001.asp

more anout GOIL and the north sea project.
wilbs

Don't know much about them jimmy but I will have a look, I see they are blue today.
wilbs

wilbs - looking darn good agin today.

I am very impressed.

I will watcha day or two and probably have a few now.

I like it.

I think we could quite easily see 150p by friday at this rate but we nrrd some sort of news or media coverage to back the sp.IMHO.
wilbs

Article here on NS briefly mentions GOIL.

http://www.rigzone.com/news/article.asp?a_id=23317

Thanks for that gavdfc, have you dipped your toe in?

Hi Wilbs, No, not got any position here. Not too keen on news issues myself, especially after seeing what happend to a few last year. You seem to have done well and I assume that you were in right at the start. However, saying that, IEC did well for a while after it came to market last year. Have put this on the monitor to see how it goes. Well done on this one.

Gav

Cheers gav. I diddn't get in at the start, got in at 100p, im very happy with it and can see it going further.

wilbs

Wilbs,

Good spot, and a good thread.

The price is possibly a bit toppy for me to invest now, but I will watch this one, and I hope it does well for you.

Thanks Andy, I think this will go further today.
This is from the iii thread, I don't belive a word of it but thought id post it anyway.:

i emailed granby this afternoon nigel burton replyed ,that as my questions were price sensitive,he couldnt answer them,my question was about their other programes,expect news in weeks. not a month or months but weeks and this will follow shortly after the north sea drill results i was glad i emailed him,a quick reply as well some dont bother to reply .good luck


This is from the ramp(ant) ADVFN:

fitehills - 22 Jun'05 - 19:56 - 59 of 61


Peladon

I could be Peledee how are you doing.(opposite sides of the city)My contacts are very positive so sugget that you get back in tomorrow before its too late.
According my contact this will double in days(sorry no ramp intended),leave it up to you,but we are both from the european oil capital and I have lots of contacts.

------------------------------------------------------------------------
This is with reference to a conference being held July 1st:

Developing and optimising assets - A new startup companys experience

Granby Oil & Gas Ltd was recently formed from the merger of Granby Enterprises Ltd with Team Oil Ltd. The company was successfully awarded a number of promote licences in the UKCS 21st & 22nd licensing rounds, and is currently looking at a number of international opportunities. The company believes that the DTIs Promote initiative has been a key catalyst in stimulating renewed interest in UKCS exploration opportunities, and that such licences have given small companies an opportunity to grow by adding real asset value to their business at low capital costs early in their life cycles. This presentation will look at ways in which assets such as these can be managed to maximise the value they bring to a business, whilst minimising risk exposure. Issues of materiality and the importance of a balanced portfolio will also be addressed.

Richard Moreton
Executive Director
Granby Oil & Gas Ltd

http://www.iqpc.com/cgi-bin/templates/document.html?document=55126&event=7292&topic=229

wilbs