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GENEL; Tony Hayward former BP,back in the oil business. (GENL)     

niceonecyril - 26 Dec 2011 18:34

"> Chart.aspx?Provider=EODIntra&Code=GENL&S
http://www.rigzone.com/news/article.asp?a_id=114250&hmpn=1

THIS STOCK QUALIFIES FOR YOUR ISA.


Photo's of Ber Bahir where black is thought to be oil?

http://db.tt/nrmRjZ5D

THE LARGEST PRODUCER IN KURDISTAN, 41000bopd,with 1.4BBO of which 356MBO are P1 &P2.
http://www.investegate.co.uk/genel-energy-plc-%28genl%29/rns/completion-of-acquisition/201301231000021850W/
The operator with 40% interest (GKP 40&)in Ber Bahir.
From a recent RNS released by GKP ,

13th Dec 2011
Ber Bahr-1 Exploration Well

The first exploration well on the Ber Bahr block has drilled to a measured depth of 1,765 metres at the top of the Triassic with hydrocarbons indications observed in the well. Wireline logging is underway which will be followed by running of 9 5/8" casing. The well will then continue drilling to the estimated TD of 2,100 metres.

Also a note from the broker stated that was similar to early Shailhan wells,if so WOW?

Approx 335mtrs to go of which oil plays are part of,so news is close?

http://boards.fool.co.uk/vallares-gkp-12355098.aspx?sort=whole#12355179
http://www.investegate.co.uk/Article.aspx?id=201203080700149278Y
http://www.investegate.co.uk/Article.aspx?id=201203200700206495Z
http://www.investegate.co.uk/Article.aspx?id=201203210705107420Z
http://www.moneyam.com/action/news/showArticle?id=4422402
http://www.moneyam.com/action/news/showArticle?id=4430165
http://www.moneyam.com/action/news/showArticle?id=4431708
http://www.genelenergy.com/admin/resimler/detay_resim/Half_Year_Results_23082012_FINAL.pdf
http://www.investegate.co.uk/genel-energy-plc-%28genl%29/rns/trading-and-operational-update/201301180700068414V/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/bina-bawi-update/201304041105015272B/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/chia-surkh-discovery/201304100700069624B/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/half-yearly-report/201307310700115294K/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/declaration-of-commerciality-for-miran/201309030700110610N/
http://www.moneyam.com/action/news/showArticle?id=4668698
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/update-re--tawke/201310140708553997Q/
http://www.moneyam.com/action/news/showArticle?id=4739145
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/krg-exercises-back-in-right-to-miran-psc/201402241100037720A/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/full-year-results/201403060700146386B/
http://www.investegate.co.uk/genel-energy-plc--genl-/rns/agreement-for-development-of-miran-and-bina-bawi/201411130700268995W/
http://www.moneyam.com/action/news/showArticle?id=4962310
HTTp://news.sky.com/story/1419273/ex-bp-boss-hayward-lures-monaghan-to-genel
http://uk.advfn.com/news/UKREG/2015/article/67672862

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.

mitzy - 29 Nov 2012 16:14 - 116 of 360

Making up for last week.

mitzy - 29 Nov 2012 16:14 - 117 of 360

Making up for last week.

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?

mitzy - 28 Dec 2012 14:00 - 123 of 360

Still in Harry.

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.

mitzy - 31 Dec 2012 12:47 - 126 of 360

My share tip in 2013.

niceonecyril - 09 Jan 2013 10:17 - 127 of 360

http://ikjnews.com/?p=3699

HARRYCAT - 17 Jan 2013 11:01 - 128 of 360

StockMarketWire.com
Liberum Capital starts Genel Energy at hold, target 850p

mitzy - 18 Jan 2013 07:49 - 129 of 360

A good update.

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.
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