niceonecyril
- 26 Dec 2011 18:34
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."
HARRYCAT
- 23 Jan 2013 10:04
- 131 of 360
Genel Energy completes the acquisition of the remaining 49% interest in the Miran Block
Genel Energy announces that closing has taken place on its acquisition of the remaining 49 per cent participating interest in the Miran exploration block in the Kurdistan Region of Iraq (the "Miran Block").
On 12 November 2012, Genel Energy announced that Heritage Oil Plc ("Heritage") issued the Exchange Repayment Notice signifying its intention to repay the $294 million loan made by Genel Energy to Heritage in August 2012 through the transfer of Heritage's remaining 49 per cent participating interest. The transfer was subject to the approval of Heritage's shareholders in a general meeting and, among other customary closing conditions, receipt of relevant approvals being granted by the Regional Council for the Oil and Gas Affairs of Kurdistan.
Following closing and formal approval of the transfer by the Regional Council, Genel Energy now owns 100 per cent participating interest in the Miran Block (75 per cent working interest post KRG back-in right) and has become the sole operator.
HARRYCAT
- 31 Jan 2013 14:51
- 132 of 360
StockMarketWire.com
JP Morgan Cazenove has reviewed it stance on the UK Exploration & Production sector today highlighting the fact that the sector had underperformed the broader market up to the end of the year. This reappraisal has led the US bank to downgrade a number of stocks in its coverage including SOCO International (LON:SIA) , Serica Energy (LON:SQZ), Genel Energy (LON:GENL) and Afren (LON:AFR) which have all been downgraded to "neutral" from "overweight". The City broker cut its price targets across the board reflecting its downbeat near-term outlook, which included: SOCO International - reduced to 418p (from 420p), Serica Energy - reduced to 47p (from 50p), Genel Energy reduced to 940p (from 1,060p) and Afren reduced to 195p (from 210p) In a note issued to clients today, analyst James Thompson said: "On a more structural theme, we see the relatively easy access to acreage that E&P companies have enjoyed for a decade coming to an end as big oil steps up the hunt for resources. Near term, we lower our exposure to political risk, particularly in the MENA region, and instead turn our focus to the exploration story that remains the sector's lifeblood."
HARRYCAT
- 22 Feb 2013 12:06
- 133 of 360
Seems to have lost it's gloss for the moment. On my watch list though, ready for a bounce.