,




Bought some more of these yesterday... could be a good runner this one...below is a flavour of what it's all about..well rec'd by the market! (dyor, imho)


RNS Number : 4221I

Fastnet Oil & Gas PLC

25 July 2012

25 July 2012

Fastnet Oil & Gas plc

Publication of Independent Technical Report

Fastnet Oil and Gas plc ("Fastnet" or the "Company") (AIM: FAST, ESM: FOI) the newly listed E&P company focussed on near term exploration acreage in the Celtic Sea and Africa, is pleased to announce the publication of independent technical reports by SLR Consulting (the "Technical Reports") on the Molly Malone Basin and Mizzen Basin.

Highlights
-- Total best case unrisked in-place resource estimates for:
o The Mizzen Basin is approximately 2.4 billion boe (oil case) or 957 MMboe (gas case)

o The Molly Malone Basin is approximately 12.5 billion bbl (oil case) or 3.6 billion boe (gas case)
-- Technical Reports corroborate the Company's estimates stated on Admission
-- The reserves potential outlined in the Technical Reports fits with the Company's strategy of targeting high impact licences that are likely to be attractive to oil industry majors

-- Outline of a seismic re-processing programme in order to de-risk and mature prospects within the licence areas

-- Confirms the significant opportunity presented by the currently under explored Molly and Mizzen Basins

-- On completion of the work programmes, in line with the Board's strategy, both the Molly and Mizzen Basins could present a high impact opportunity to potential major industry players

Table of independent technical estimates

Mizzen Basin
--------------------- ---------------------------- ----- -----------------
Trap Unrisked in-place GPoS Main risk
resource estimates
--------------------- ---------------------------- ----- -----------------
Low Best High
--------------------- -------- -------- -------- ----- -----------------
Wealden Oil (MMbbl) 571.2 1,799.3 3,898.5 4% Source
--------------------- -------- -------- -------- ----- -----------------
Wealden Gas (BCF) 658.6 2,074.7 4,723.6 12% Seal
--------------------- -------- -------- -------- ----- -----------------
Triassic Gas (BCF) 1,473.7 3,108.2 9,355.9 5% Seal & migration
--------------------- -------- -------- -------- ----- -----------------


Molly Malone Basin
-------------------- -------------------- ----- ----------
Trap Unrisked in-place GPoS Main risk
resource estimates
- Best estimate
-------------------- -------------------- ----- ----------
North prospect Gas
(BCF) 10,448.4 12% Maturity
-------------------- -------------------- ----- ----------
South Prospect Gas
(BCF) 9,127.9 8% Maturity
-------------------- -------------------- ----- ----------
North Prospect Oil
(MMbbl) 6,677.3 9% Migration
-------------------- -------------------- ----- ----------
South Prospect Oil
(MMbbl) 5,833.4 5% Migration
-------------------- -------------------- ----- ----------

*The seismic quality and wide spacing precludes production of High and Low estimates for Molly Malone (Source: SLR).

Key: GPoS = geological probability of success; BCF = billion cubic feet of gas, MMbbl = million barrels of oil. 1,000ft(3) of gas is equivalent to 0.1847 barrels of oil (source: Wood MacKenzie).

The Technical Reports validate the Company's strategy set out at the time of IPO in June 2012 of the resource potential in its Molly and Mizzen licencing options. The resource estimates are large, however the geological probability of success figures are at a level which requires the Company to undertake a significant work program to mature the prospects in order to de-risk and identify drill ready targets.

Celtic Sea licence area work programme

Molly Malone Basin

The basin is located within the Celtic Sea Basin in water depths of up to 100 metres. The licensing option covers block 50/26 and part blocks 49/25, 49/30, 50/21 and 50/22 in the North Celtic Sea basin.

The Company plans to undertake seismic reprocessing of the 180 kilometres of existing 2D seismic data, subject to locating, accessing and copying the original seismic field tapes. It should be noted that the 1984 survey is fairly widely spaced and even with good results, this reprocessing can only help to define possible plays and assist in the design of a 3D seismic survey that would add valuable information prior to drilling.

Thick salt has developed over parts of the Molly Malone Basin which obscures the mapping of the prospective Triassic Sherwood Sands over the north-eastern part of the dominant structural lead mapped within the Molly Malone Basin. Pre-stack depth migration will assist in defining fault plane and Sherwood Sand reservoir geometry beneath the salt.

The Board is of the view that it is essential to improve the understanding of the nature of the stratigraphic section beneath the Triassic salt in the Molly Malone Basin, through the application of modern seismic reprocessing techniques and carrying out a programme of regional studies in order to design the appropriate acquisition parameters for any potential 3D seismic survey. Additionally, further analysis of the existing seismic data is needed to examine the potential for north-eastern closure for the dominant prospective lead in the Molly Malone Basin before a significant financial commitment to a 3D seismic survey can be made.

Mizzen Basin

This basin is located within the Celtic Sea Basin in water depths of up to 160 metres. The licensing option covers blocks 55/14 and 55/15 and part blocks 55/9 and 55/10 in the South Celtic Sea basin.

Fastnet intends to reprocess a minimum of 550 kilometres of existing 2D seismic data, subject to locating, accessing and copying seismic field tapes.

Sub-Chalk interbed multiple content is a particular issue in parts of the Mizzen Basin which obscures the presence of unconformities; reduces the level of confidence with respect to picking stratigraphic markers due to an inability to identify velocity breaks; hampers correlation across faults; and prevents detailed stratigraphic analysis of potential seismic sequence geometries and reconnaissance amplitude mapping. Pre-stack depth migration could potentially assist defining the complex fault plane traces seen on existing seismic data; better identify potential discordant igneous intrusions; and better resolve subcrop relationships and significant unconformities where steeply dipping seismic events terminate at specific levels within the stratigraphic sequences.

The Board is of the view that it is essential to improve the understanding of the nature of the stratigraphic section in the Mizzen Basin through the application of modern seismic reprocessing techniques and carrying out a programme of regional studies, in order to design the appropriate acquisition parameters for any potential future 3D seismic survey to be acquired.

Design of 3D Seismic Survey

Subject to satisfactory results from the 2D seismic processing, a 3D seismic survey will be designed and appropriate acquisition parameters put in place to reflect the depth and nature of the primary prospective horizons present in the Molly Malone Basin and Mizzen Basin.

Working Capital

The funding requirement for Fastnet arising during the initial 18 month licence options in respect of proposed work programmes for the Molly Malone and Mizzen Basin is expected to be approximately GBP0.5 million.

Dr.Steve Staley, CEO of Fastnet commented:

"I am very pleased to announce the publication of these independent technical reports on our Celtic Sea licences. The findings confirm our own initial estimates of the potential resource estimates that we published in our IPO prospectus in June 2012. They concur with our strategy of targeting and acquiring large scale, high impact acreage, in areas well known to our technical team which are of likely interest to other industry partners.

"The Barryroe discovery in the Celtic Sea, close to our acreage, has proven large scale commercial oil finds exist in the Celtic Sea and through the Mizzen Basin and Molly Malone Basin, we are confident that substantial reservoir structures exist. Some members of the Fastnet team, including Paul Griffiths, carried out exploratory work on the Mizzen Basin in the early 1990's and they believe it is one of the greatest unexplored structures in the Celtic Sea. The Molly Malone Basin has had little to no exploration to date, as for decades it sat adjacent to the international median boundary line between the UK and Ireland, which has only recently been clarified; giving Fastnet a huge opportunity.

"We look forward to progressing the work programmes across the licence area, as we seek to mature the prospects to drill ready status and I look forward to updating shareholders on developments as appropriate."

Today's rise may be due to this article:
http://www.proactiveinvestors.co.uk/companies/news/57401/fastnet-oil-gas-lands-moroccan-gas-appraisal-project-57401.html

Second day rising, a good chance of changing trend

Who is feeling this way?

3er day moving higher, a folllow through from the rise late yesterday

There is volume today and is buying, no wonder the share price keeps rising

Late on the day the buys appearing fast to catch the 20p offer, now gone to 20.50p

Mining and Resource Investor Evening- London – 19th September 2013 

Following the resounding success of our previous evening events, Mining and Resources Quarterly and Shares Magazine are proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.

REGISTER NOW FOR LONDON EVENT ON 19th September 2013

Date: Thursday 19th September 2013

Venue: Novotel Tower Bridge, 10 Pepys Street, London  EC3N 2NR 

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting: 

 

Buyers before opening

reason >>>>>>>>>
Has been tipped in IC as one of their Tips of the Week.

WATCH: Paul Griffiths, MD, Fastnet Oil & Gas present at 62nd Oilbarrel

Click here

Mining and Resource Investor Evening - London - 23rd January 2014



The Shares Magazine 'Mining and Resources Investor Evenings' have now become firmly established in investors diaries, so we are proud to offer you another chance to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.



REGISTER NOW FOR LONDON EVENT ON 23rd JANUARY 2014



Date: Thursday 23rd January 2014

Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting:



Alecto Minerals (AIM:ALO)

Alecto Minerals Plc is an African focussed, gold and base metal exploration and development company listed on AIM.

The on-going development of the Kossanto Gold Project in Mali is the Company’s predominant focus and with significant value upside potential evident across the tenure, the Board plans to build on its current resource of 2.35 million tonnes at a grade of 1.42 g/t in the near term. Alecto also has a joint venture with Centamin over two prospective gold exploration licences in Ethiopia which sees Alecto retain exposure to the assets with no capital expenditure, as well as the wholly owned Wad Amour IOCG Project in Mauritania which is at exploration status. Combined, these projects provide the Company with a strong, diversified portfolio with exciting exploration upside potential.

Speaker: Mark Jones, CEO


FASTNET OIL & GAS (AIM:FAST)

Fastnet Oil & Gas (AIM:FAST) is an independent oil and gas exploration company focused on early stage exploration and appraisal opportunities in Africa and Ireland. Fastnet has a highly experienced management team with a proven track record of generating significant shareholder value in the oil and gas industry. The Company has moved quickly to assemble an exciting portfolio of exploration prospects offshore Morocco and in the Celtic Sea, offshore Ireland.

To see a short video from Managing Director Paul Griffiths covering the investment opportunity planned for Morocco click on link below:

http://reut.rs/1b9fsPe

Speaker: TBA


Trap Oil (AIM:TRAP)


Trap Oil Group Plc was founded in 2008 by a team of experienced industry executives with a broad range of oil and gas technical, operational and financial expertise and professional skills.

Trapoil has developed long term relationships with key oil industry partners and major suppliers and consultants including CGG Services (UK) Limited ("CGG") and Applied Drilling Technology International.

The Company utilises a research-led, knowledge-based approach to identify and deliver promising exploration and appraisal opportunities, and to this end has secured extensive long-term access to CGG's state of the art 3D seismic database over the majority of the Central North Sea area on negotiated terms. CGG is a leading pure-play geophysical services and equipment provider. Access to such 3D seismic data serves to strengthen the Group's ability to create opportunities on both open and held acreage in the UKCS.


MORE COMPANIES TO BE ANNOUNCED

REGISTER NOW FOR LONDON EVENT ON 23rd JANUARY 2014

Shares Magazine and Redmayne-Bentley Investor Evening - Leeds - Wednesday 12th March 2014


The Shares Magazine 'Mining and Resources Leeds Investor Evenings' in conjunction with Redmayne-Bentley have now become firmly established in investors diaries, so we are proud to offer you another chance to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.


Date: Wednesday 12th March 2014

Venue: Redmayne-Bentley, 9 Bond Court, Leeds LS1 2JZ

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception

REGISTER NOW FOR LEEDS EVENT

Companies Presenting:


FASTNET OIL & GAS (AIM:FAST)

Fastnet Oil & Gas (AIM:FAST) is an independent oil and gas exploration company focused on early stage exploration and appraisal opportunities in Africa and Ireland. Fastnet has a highly experienced management team with a proven track record of generating significant shareholder value in the oil and gas industry. The Company has moved quickly to assemble an exciting portfolio of exploration prospects offshore Morocco and in the Celtic Sea, offshore Ireland.
To see a short video from Managing Director Paul Griffiths covering the investment opportunity planned for Morocco click on link below:
http://reut.rs/1b9fsPe

Speaker: To Be Confirmed

PRESIDENT ENERGY (AIM:PPC)



President Energy (AIM:PPC) is a South American focused oil and gas company with significant exploration and development opportunities in Paraguay and production assets in Argentina.
President's strategy is to build a primarily South American focussed oil and gas production business, targeting reserve and production growth. In addition we have a cash generative production business in Louisiana, USA. We are listed on the AIM market in London (ticker: PPC) and have offices in London, Buenos Aires, Asuncion and the US.

Speaker: Peter Levine, Chairman



MORE COMPANIES TO BE ANNOUNCED



REGISTER NOW FOR LEEDS EVENT


Disclaimer: Please remember investments and the income from them can do down, as well as up, in value and therefore capital may be at risk.
Please note the views of Shares Magazine and the listed companies do not constitute a recommendation from Redmayne-Bentley.

Shares Investor Evenings showcase up to four presentations from leading companies bringing them together in one room for one evening only.

Directors present their latest plans regarding development and growth

An opportunity to talk directly to the companies and personally put forward your questions

The chance to network with other attendees over drinks and canapés - private investors, wealth managers, private client brokers, fund managers and financial institutions


WHO SHOULD ATTEND?

The evening exposes investors to companies that exhibit growth potential within dynamic industries. Perfect for existing investors as well as those looking for new investment opportunities.

Date:

Wednesday 16th July 2014

Venue:

Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Evening timings:

18:00 - 18:30 Registration and coffee

18:30 - 20:30 Presentations

20:30 - 21:30 Drinks reception and canapés



Attendance is complimentary, but spaces are limited. REGISTER NOW to secure your place!



FASTNET OIL AND GAS (AIM:FAST)

Fastnet Oil & Gas is an AIM quoted oil and gas exploration company focused on identifying early stage exploration and appraisal opportunities in Offshore Africa and Ireland. Fastnet’s aim is to assemble a portfolio of high impact conventional oil and gas assets in areas that have been underexplored by industry majors. The Company has a highly experienced management team with a proven track record of generating significant shareholder value in the oil and gas industry.


Speaker : Cathal Friel, Executive Chairman

Mediterranean Oil and Gas (AIM:MOG)





Speaker, Bill Higgs, CEO
More Companies To Be Announced

REGISTER NOW

Listen: Fastnet Oil & Gas (FAST) - Final results for the year ended 31 March 2014

Click here to listen

Learn from the experts



You can now book your free tickets for our big event on Saturday 13 September in partnership with the London Stock Exchange. Held at the Business Design Centre in Islington, North London, The Stock Market Show is a full day event designed to help you understand investing. We have secured a large number of financial experts to explain in simple terms how you should go about investing in the stock market, the ways in which to research individual stocks and how to use different investment and trading accounts.



Tickets for the event are free but must be booked in advance you can also book your seminar sessions on our five separate stages.

The day is about to become a hot talking point among investors across the country as we are very pleased to announce This is Money as our media partner, a website read by millions of people and part of the Daily Mail & General Trust (DMGT) media stable.

• Hear from more than 50 speakers across 5 stages including: product experts, CEOs from listed companies and renowned journalists from Shares including Daniel Coatsworth, Mark Dunne, Steven Frazer and Tom Sieber who will all be giving presentations on investing.

• Speak with over 40 exhibitors from a range of AIM companies brokers and platform providers including: Alecto Minerals, Advanced Computer Software Group, Angle, Avation, Azonto Petroleum, Chaarat Gold, Corero Group Services, eg Solutions, EMIS, Fastnet Oil & Gas, Flowgroup, Fox Marble, Getech, Horizon Discovery, InternetQ, NetDimensions, Nostra Terra Oil & Gas, Premier African Minerals, Valirx, Velocys, Wishbone Gold and XL Media.

• Learn about investment topics tailored to suit a range of investors from novice to expert

• Meet with top financial services providers including; Aberdeen Asset Management, AJ Bell Youinvest, Amati Global Investors, Boost, CMC Markets, ETF Securities, Hargreaves Lansdown, IG, Killik & Co, KPMG, London Stock Exchange, Panmure Gordon, Reyker Securities,Société Générale, Stockopedia and ThisisMoney.


Why you should attend:

We have structured the entire programme around one core principal: financial education



Learn about:

• What you need to become a successful investor

• Managing your own pension using stocks and shares

• The simple approach to valuing companies

• The importance of risk when researching stocks

• The most important areas in company documents and financial accounts

• Reading chart patterns

• An introduction to exchange traded funds and bonds

• Plus a host of other topics on industry sectors, trading techniques, market mechanics and tax issues



Hear from:

• Shares journalists

• Financial services professionals

• Chief executives of quoted companies

• Leading market commentators



Your chance to meet:

• Share dealing and pension providers

• Quoted companies

• Shares journalists

• Representatives from the London Stock Exchange

• Fellow investors

For more information and to register go to: http://www.thestockmarketshow.com/

Filmed at the @LSEGplc Stock Market Show - Fastnet Oil & Gas

click here

Shares Investor Evenings showcase up to four presentations from leading companies bringing them together in one room for one evening only.
Directors present their latest plans regarding development and growth
An opportunity to talk directly to the companies and personally put forward your questions
The chance to network with other attendees over drinks and canapés - private investors, wealth managers, private client brokers, fund managers and financial institutions
 

WHO SHOULD ATTEND?

The evening exposes investors to companies across various sectors. Perfect for existing investors as well as those looking for new investment opportunities.

Date:

Tuesday 16th December 2014

Venue:

Novotel Tower Bridge, 10 Pepys Street, London  EC3N 2NR

Evening timings:

18:00 - 18:30 Registration and coffee

18:30 - 20:30 Presentations

20:30 - 21:30  Drinks reception and canapés

 

Attendance is free, but spaces are limited. Register now to secure your place!

 

Fastnet Oil & Gas (FAST:AIM)

Fastnet Oil & Gas is an AIM quoted oil and gas exploration company focused on identifying early stage exploration and appraisal opportunities in Offshore Africa and Ireland. Fastnet's aim is to assemble a portfolio of high impact conventional oil and gas assets in areas that have been under explored by industry majors. The Company has a highly experienced management team with a proven track record of generating significant shareholder value in the oil and gas industry.

Speaker: Will Holland, Chief Financial Officer

 



 

 

Hayward Tyler (HAYT:AIM)

 

Hayward Tyler is one of the world’s leading suppliers of electric motors and pumps. Whether the motors are dry or wet-wound, Hayward Tyler has a market leading reputation for providing mission critical products and services where the application is for:

 

• High pressure
• High temperature
• Difficult to handle fluids.
With a heritage and pedigree stretching back nearly 200 years, we remain committed to providing our customers with innovative, reliable technological solutions across the entire energy sector.

Speaker: Ewan LLoyd-Baker, Chief Executive Officer



 

Event Sponsor:



DRESS CODE: Business attire 

 

Thats going to be a hard sell!

Fastnet at our event tonight, if you want to ask Will Holland some questions be there at 6pm onwards!!!

Who Should Attend?Date:

Thursday 28th April 2016

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by: