niceonecyril
- 26 Dec 2011 18:34
mitzy
- 07 Nov 2012 09:35
- 111 of 360
Not expecting a bid quite frankly at least not for a year or two.
dreamcatcher
- 21 Nov 2012 09:02
- 113 of 360
Genel Energy again expands Morocco footprint
8:27 am by Jamie AshcroftGenel has a 75% stake in Mir Left and will be the operator
Anglo-Turkish oil firm Genel Energy (LON:GENL) has again expanded its footprint in Morocco.
It has signed a petroleum agreement with the Office National des Hydrocarbures et de Mines (ONHYM) for the Mir Left Offshore Block.
Genel has a 75% stake and will be the operator of the new offshore block, while ONHYM retains a 25% stake.
Initially Genel must acquire a minimum of 400 square kilometres of 3D seismic data and drill one exploration well over a three year exploration period. Beyond that there are two further exploration periods – for three and two years respectively.
"We are delighted to have signed this new block, further deepening our position in the fairway associated with the proven working petroleum system in offshore Morocco,” said John Hurst, Genel’s chief operating officer for Africa.
“We intend to commence the acquisition of 3D seismic in January 2013, with the aim of drilling our first well in 2014."
Mir Left spans 3,259 square kilometres, in water depths of 60 to 320 metres, and lies immediately adjacent to the Sidi Moussa block.
mitzy
- 21 Nov 2012 09:10
- 114 of 360
Morocco could be big in time.
dreamcatcher
- 21 Nov 2012 09:13
- 115 of 360
Certainly a lot of interest in that part of the world at the moment.
HARRYCAT
- 19 Dec 2012 09:57
- 120 of 360
Lost it's gloss and good for a short imo.
mitzy
- 28 Dec 2012 13:01
- 121 of 360
Looks like a bounce from here.
HARRYCAT
- 28 Dec 2012 13:42
- 122 of 360
Are you still holding mitzy, or did you take profit?
HARRYCAT
- 28 Dec 2012 14:16
- 124 of 360
Hmmmm.....don't lose it all. Stock looking less attractive now, imo.
mitzy
- 28 Dec 2012 16:32
- 125 of 360
I'll hold for a while yet.
HARRYCAT
- 17 Jan 2013 11:01
- 128 of 360
StockMarketWire.com
Liberum Capital starts Genel Energy at hold, target 850p
HARRYCAT
- 18 Jan 2013 08:17
- 130 of 360
StockMarketWire.com
Genel Energy expects revenues to be ahead of previous guidance and all development and exploration activities in Kurdistan to be funded from cash flow generated locally in line with its stated strategy.
Genel Energy's average net working interest production for 2012 was in line with guidance at 44,500 barrels of oil per day (2011: 42,000 bopd).
During the course of the year production from Genel Energy's two producing assets, Taq Taq and Tawke, has been sold into both domestic and export markets.
Chief executive Tony Hayward said: "2012 saw a strong production performance and a materially expanded exploration portfolio which will provide us with significant opportunities in 2013, both in the Kurdistan Region of Iraq and Africa."