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

Wilbs, I noticed some trades went through before 8am not seen this before what does it mean?

Cheers.

Someone wanted in before market opened as they prob thought it was gonna shoot up like it has been doing for a few days now. MM's want stock, im sure we will see it up soon.

Its not working that well!! Only a few sells.

Those 2 T trades are they Buys or Sells?

Wonder why thr price dropt so much when buys far out weighed sells.

I think they are def buys 2 T trades.

I think the MM's want the shares. A poster over on ADVFN or iii, can't remember but they reckon their broker called hin twice to see if he wanted to sell his shares.

This is good to see the buys and sells. Don't ask where I got it from.....

Can see this rocketing on news next week, nice to see it up this morning after last nights little tree shake.

May see some selling today as people taking proffit as they don't like holding over the weekend. I for one am holding, I topped up again yesterday.
Hopefully see something in the press over the weekend.
wilbs

A few buys coming in now, I think this will tick back up, just a tree shake yesterday cos MM's want stock. I wonder why!!!
wilbs

yep ticking up nicely now.

Someone just paid 136p.Another tick up.
wilbs

From the times online.

Oils booming price has done for the UK oil and gas sector what soaring metal prices have done for London-listed miners. Investors have flocked to companies that vow to seek substantial assets, or those with a solid portfolio of producing assets that, at current oil prices, should produce lots of free cash. The high prices have also attracted opportunists to list oil investment vehicles, cashing in on generally upbeat market sentiment. Al Stanton, Bridgewell Securities analyst, says share prices of UK small and mid-tier oil companies are up a fifth year on year, but that the performance is increasingly mixed. In his view, it is a companys management of underlying assets, rather than the oil price, that has the most material impact on its share price. In that context, a few companies stand out: Paladin and Dana Petroleum have strong-performing production assets. Cairns finds in India continue to excite, and Premier will hope to issue more positive drilling news this year, as well as cash in on higher gas prices. At the markets smaller end, investment becomes more selective, but there is scope for rewards. Gulf Keystone is in Algeria, but only future drilling will confirm its potential. Granby Oil & Gas joined AIM only this month, but its shares are already up more than half. Granby is to give results of its first well drilled in the North Sea on Monday. A positive result will no doubt further fuel Granby shares. A dry well, however, will not go unnoticed.


'Granby Oil & Gas joined AIM only this month, but its shares are already up more than half. Granby is to give results of its first well drilled in the North Sea on Monday. A positive result will no doubt further fuel Granby shares. A dry well, however, will not go unnoticed.'



Monday it is!!!! Lets hope its got loads of the black gold.


http://business.timesonline.co.uk/article/0,,8211-1668801,00.html

wilbs

Way Hey some news. Lets hope the well is not dry cant see it myself since the other wells around that area are oil producers.

Hi Oracles, good to have you on board.
Theres not many caught onto GOIL yet.. Its had a good run since flotation and if the well turns out to be a good un (which I think it will) the sp will rocket and GOIL will get noticed. I can easily see a sp of 300p by the end of the year or sooner if the offshore oil field development in the Philippines
comes off.
ELP is also one to keep ypur eye on as they are partners.
I cant wait till Monday.
wilbs

Looks like the "Times" has got it wrong. But I suspect we will get news mid week.

I would say the times have got it wrong. Thats not like newspapers!!!!
Surely there would be some early buying if news was expected, especially if it was good and the price of oil at the moment.
wilbs

Hi oracles, you beat me to it.
I agree, it doesn.t matter if news is a month away, im tucking this one away.
wilbs

I have emailed GOIL and asked if any truth in the times article. Here is their reply.



Thanks for contacting us.



We indicated in an RNS announcement on 20 June that the well had started on 18 June and could take about 12 days. It could get to the target depth a day or two earlier, but whenever it does we will be making a formal announcement as the results will obviously be price sensitive.



Obviously this isnt our only prospect, so whether or not the well is a success we have plenty more prospects which we aim to drill.



Regards,





Nigel Burton

Finance Director

Granby Oil and Gas plc

077 8523 4447

nigel.burton@granbyoil.com

wilbs

So what do you make of that?

Nothing really syd. They are just backing up what they said in the RNS. They have other prospects so if the well is dry they will drill the others. I know that sounds negative but you can read too much into things.
I don't know where the papers get their info but its never right.
wilbs