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

Dont get your fingers burnt wilbs.

Watch the trades...........

cheers seawallwalker.
wilbs

wilbs....i wouldn't have too much pension acsh in this pup..looks like a nice trade but could be risky.

arnt they all prop??

You do find them wilbs, hope you got in early you will have made some dosh !

too true. buy a million!

i just hate seeing a thread die from lack of interst. will put it on watch and please send me a private email if anything is happening!

I think its already happened this morning proptrade..

I did get in early. I will keep the thread updated along with ELP & BOR. ELP & GOIL are UK partners.

'Granby (AIM Code: GOIL) successfully raised 10 million and was admitted to AIM
on Wednesday, 15 June. At the issue price of 0.84 Granby is capitalised at
around 21.6 million (A$51.8 million).

Given the difficult market conditions experienced over recent weeks and the
adverse publicity surrounding a number of AIM stocks, Granby's capital raising
is a strong endorsement of the Granby-Elixir North Sea exploration portfolio.

With both Elixir and Granby adequately funded following their respective AIM
listings, Elixir looks forward to pursuing joint exploration activity across the
existing 22nd Round blocks and hopefully within successful applications from the
current 23rd Round.'

wilbs

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.