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

Yeah I mean nothing has really changed with Granby, its not cost them a penny and it was only a finder well. I mean they have developed a highly attractive UK North Sea exploration portfolio with net prospective resources of 281 mmbbl (risked net prospects of 59 mmbbl) and are one of the leading new generation UK North Sea exploration businesses.

read somewhere that finder wells are given odds of something like 5 to 1 for sucessfully finding oil.

Oh well only tomorrow will tell. Am holding anyway, might even be able to buy some more if they go any cheaper :-)

mbugger why dont you go over to ADVFN if you dont hold. GOIL have a good team behind them. The first well had water, whooopeeeeeeeee!!!!!
Plenty more fish in the sea. Do us a favour and go on the seo thread and talk to your mates iidiot and seaquestor.

wilbs

I agree with that wilbs.

Anyone feel brave?

The mark down is very overdone.............

I am a coward.

Mind you this is now ridiculosly cheap.

Here she comes back again.

I'll just watch.

Goes to show, he has dares.........

If I had some spare funds I would topup at these prices. Im going through a few with losses and may get rid. This is well cheap. They have not spent a penny yet and this was only the first well.

Toppd up twice now, lots of buys comming at these prices.

A few buys coming in now. I think this will recover sooner rather than later.
wilbs

How long do you think it will take to recover above 1 Wilbs? Any guesses to when we could get some "happy" news about this company?

Cheers.

See what you get whenyou find water,monster drop in sp, still say their geologists must be useless and should be fired , after monthes /years of evaluating 2-d seismic and 3-d seismic results ,pick the 'right spot' then hit water, what wasters ,they should be on the dole.

Sounds like you mbugger are a waster, so why dont to do what your name suggests and ...... off and go and cash your giro and spend it on loads of cheap cider!!! You will have more fun!!!!

edit.

It must be like when you go to the doctors mbugger and the doctor looks into your head and expects to find a brain but as we can all imagine, THERES NOTHING THERE BUT AIR!!!!!!

syd, I will answer your question later or tomorrow, bit busy at the mo but don.t worry cos IMHO you will be rewarded. All shares drop but this was overdone cos it cost them NOWT!!
If you wanna email me then do it through the private message thing on MAM.
wilbs

Very interesting read, puts it perspective.

http://www.kbcpeelhunt.com/pdfs/mmeetings/GOIL30Jun05.pdf

I buying more tomorrow!! at 80p a share thats a great bargin.

Looks good don't it?

Hi all.
This is from the Guardian. I don't agree that it was an embarrassment for the broker, after all, they don't have crystal balls!!

Among the small caps, Granby Oil & Gas was the main talking point. Shares in the "new generation" North Sea explorer slumped 48.5p to 81p as the City reacted to Wednesday's late news that its first well contained nothing but water. The news will be something of an embarrassment for broker KBC Peel Hunt which brought Granby to Aim just over two weeks ago at 84p.

http://www.guardian.co.uk/business/story/0,3604,1518685,00.html

That was a good find Oracles, thanks for that. Like you say, it puts it in perspective. IMHO I think the sp will recover very soon to 100p, even more so when we get nearer the update on Galoc development. Nothing has changed, still a good company.

wilbs

Some investors lost apile on goil and fire insullts what abad loser WILBS, WHY NOT BUY CHEAP ,SELL HIGH PHILOSOPHY,APPLY IT TO SISTER COMPANY ELP ONLY LOST 7 PENCE UP 1 PENCE TODAY 20/ 23 SP. SPREAD.

Same loss suffered by ros, rgp pci,etc.

Anyone still holding this? or am alone on this one.

Still here syd, holding for long term.