Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Apologies for board hopping but- The petition is going quite well; 4000+ signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. We really need a social / media savvy individual to help generate more interest in this.
Looks like the 12,500 buyer on the 16th who sold this morning for £6k profit knew about the acquisition.
Published on Nov 16, 2015 https://www.youtube.com/watch?v=JzOhf4216RM David French, chief executive of Toronto and AIM listed Bankers Petroleum (LON:BNK) (TSX:BNK) says the firm is aiming to ramp up oil production from its Albania field 30,000 bopd by 2020. To date at Patos-Marinza, the largest onshore oilfield in Europe, the firm has invested over US$1.7bln dollars in Albania, more than doubled reserves and grown production to over 20,000 bopd. The firm remains fully funded and cash generative, with margins of US$25 per barrel even with oil prices around US$50.
Results!
Try this one - its easier to read! http://www.investegate.co.uk/Article.aspx?id=20110322120000PAB9B
OUTLOOK For 2011, our continued focus is to increase reserves, production and maximize cash flow from operations. To achieve this, the Company will implement the following: - Drill 66 horizontal and vertical wells and complete 120 well reactivations and work-overs at the Patos-Marinza oilfield. A fourth drilling rig is expected in the second quarter. - Increase production facilities to handle our target exit production rate of 20,000 bopd. - 2011 will be a milestone year for thermal development of the Patos- Marinza oilfield. Bankers will drill a vertical delineation well and two horizontal wells designed for high pressure and temperature steam injection, install a 25,000 BTU steam generator and all associated production facilities. - Complete Phase 1 (10 kilometres) of the 40 kilometre pipeline to Vlore and construction of the receiving hub in Fier. - Continue with the environmental stewardship and social initiatives in our area of operations. - Bankers is building a larger team of senior professionals to complement its existing team of engineers, geoscientists, production and support staff to manage another record capital program in 2011, currently budgeted at $215 million.
Record Year of Financial and Operating Results CALGARY, March 22 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (AIM: BNK) is pleased to provide its 2010 Financial Results and Outlook for 2011. In 2010, Bankers was successful in progressing its strategic objectives and achieved record production, reserves, earnings and cash flow through its largest annual capital investment in Albania, of US$122 million. Results at a Glance (US$000, except as noted) Change 2010 2009 ------------------------------------------------------------------------- Oil revenue 97% 170,376 86,614 Net operating income 158% 81,103 31,496 Net income (loss) 96 x 14,265 (150) Funds generated from operations 188% 73,166 25,422 Capital expenditures 218% 122,012 38,324 December 31 ------------------- Change 2010 2009 ------------------------------------------------------------------------- Cash and deposits 58% 108,119 68,270 Working capital 74% 130,920 75,414 Total assets 53% 467,414 304,820 Bank loans (8%) 25,829 28,085 Shareholders' equity 60% 343,307 213,960 Average production (bopd) 49% 9,597 6,438 Average price ($/barrel) 32% 48.64 36.86 Netback ($/barrel) 73% 23.15 13.40 - Average production increased 49% to 9,597 bopd from 6,438 bopd in 2009. Exit production at year-end 2010 exceeded 12,100 bopd as compared to 8,100 bopd at year-end 2009. - A second and third drilling rig commenced operation in the Patos- Marinza oilfield in January and July 2010, respectively. A total of 55 wells were drilled and completed in 2010, of which 50 were horizontal oil wells. - Reserves in Albania increased at all levels: a 30% increase in the Original-Oil-In-Place (OOIP) assessment to 7.8 billion barrels from 6.0 billion barrels, an increase of 30% to 120 million barrels of proved reserves and, an 11% increase to 238 million barrels of proved plus probable reserves. Additionally, the Company's independent reservoir engineers assigned contingent and prospective resource oil estimates of 1.2 billion and 540 million barrels, respectively. The corresponding net present value (NPV) after tax (discounted at 10%) of the proved plus probable reserves increased by 30% to $2.0 billion from $1.5 billion. - In April 2010, the production sharing contract for the Block "F" exploration acreage application was finalized. The area contains several seismically defined structural and amplitude anomalies prospective for oil and natural gas. - On July 15, 2010, the Company completed a prospectus offering with a syndicate of underwriters and issued an aggregate of 12,903,228 common shares at a price of CAD$7.75 per common share on a bought deal basis, resulting in gross proceeds of $96.2 million. - The Company continues to maintain a strong balance sheet with cash of $108.1 million and working capital of $130.9 million at December 31, 2010 as compared to cash of $68.3 million and working capital of $75.4 million at December 31, 2009.
Production and Oil Price Oil sales from the Patos-Marinza oilfield in Albania during the fourth quarter averaged 10,424 bopd compared to third quarter sales of 9,826 bopd, an increase of 6%. Average production for the fourth quarter was 10,838 bopd and oil inventory on December 31, 2010 was approximately 145,000 barrels. The exit production rate for 2010 exceeded 12,100 bopd. Sales achieved record levels for December, averaging 13,500 bopd. The Patos-Marinza fourth quarter's average oil price was US$53.13 per barrel representing 61% of the Brent oil price, compared to third quarter's average oil price of US$46.61 per barrel (61% of Brent), an increase of 14%.
http://www.investegate.co.uk/Article.aspx?id=20110111120000P44A5
http://www.investegate.co.uk/Article.aspx?id=20101007130000PE927
Good movement in price of late. Can anyone confirm the above price works of back of Canadian lines, as they move even without any trading on AIM. Cheers
http://www.investegate.co.uk/Article.aspx?id=20090514130000P826D
I saw the 3 for one split and prices yesterday, but whats with the drop in prices today.? Does this make sense with splits being confirmed tomorrow??
Chairman Robert Cross transferred around 6.6Mns shares to Paloduro Investments Inc, Mrs RC is the sole beneficiary Director and officer, on May 16th. RC now owns 4 1/4Mns and pic owns 21Mns of the issued share capital ("isc").
Saw a 3150k buy timed at 16.17 at 16.15, then i realised it was a 15th May trade reported today. What can you trust these days. Has the sp risen 4p or is a mirrored effect from last week LOL. What is for sure the market cannot keep up with the buying at the mo.
A divorce between the Albanian (Heavy oil) and US of A (shale gas resource co) ops and will form two distinct PLC Cos. The idea is to create "significant" shareholder upside value. Looks good on paper.
Impressive figures, that looked like they were in the price yesterday. Revenues up 144% to £13Mns; Net operating income up 209% to £6.95Mns; Net income up 129% to ££153k; and funding from ops up 255% to £5.06Mns ($2/£ conversion). Albanian prospects delivering up increased capacity, more upside in the sp is my opinion medium term.
Cleanly broke through the psychological £1 barrier with ease, continued buying pressure of this lowky capitalised co sending shares higher.
Always wise but imo I think these still have considerable upside.