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Genel Energy Share Chat (GENL)



Share Price: 924.50Bid: 922.00Ask: 922.50Change: 0.00 (0.00%)No Movement on Genel Energy
Spread: 0.50Spread as %: 0.05%Open: 929.50High: 927.50Low: 921.00Yesterday’s Close: 924.50


Share Discussion for Genel Energy (GENL)


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jaskk
Posts: 52
Question
Opinion:No Opinion
Price:924.00
Glencore
Tue 22:29
Would they be interested in Genel ? Would certainly fit in with their strategy and solve the Tony Hayward situation.
 
Riffgo
Posts: 86
Observation
Opinion:No Opinion
Price:976.00
Smart move by TH
3 Apr '14
OSLO, April 3 (Reuters) - Norway's Statoil (Xetra: DNQ.DE - news) has sold a 15-percent stake in one of its prize oil licenses off Angola to a joint venture that includes London-listed Genel Energy (Other OTC: GEGYF - news) , the firm said on Thursday. The Norwegian oil company said it had done the deal with WRG, a joint-venture composed of Genel Energy and White Rose Energy Ventures, to "share exploration risk". The deal was worth $222 million, Genel Energy said in a separate statement.
Statoil will retain a 40-percent stake in the license, called Block 39, and remain the operator. The other partners are France's Total (NYSE: TOT - news) with 15 percent and Angola's state oil firm Sonangol with 30 percent. (Reporting by Gwladys Fouche, editing by Nerijus Adomaitis)
nwalsham15
Posts: 2,563
Off Topic
Opinion:No Opinion
Price:973.50
recovery rates
27 Mar '14
hi,

is there recovery % announced on the ber behr field yet?
Alwaysswitch
Posts: 45
Observation
Opinion:Strong Buy
Price:1,045.00
BUYS
19 Mar '14
BUYS COMING IN
Alwaysswitch
Posts: 45
Observation
Opinion:Strong Buy
Price:1,015.00
OIL
17 Mar '14
In addition, Cairn Energy, as operator of the JM-1 well (Genel 37.5% working interest) offshore Morocco, has today issued the following press release:

'The JM-1 well drilled to evaluate Upper Jurassic and Middle Jurassic objectives reached a total depth of 3,711m true vertical depth subsea and has been plugged and abandoned without testing.

In the Upper Jurassic section, the well has confirmed the presence of heavy oil over a gross interval of 110 metres as originally tested in the 1968 MO-2 well, some 2km from the JM-1 well. Reservoir quality and the oil gravity in the Upper Jurassic across the Cap Juby structure require further evaluation by Cairn and its joint venture partners (Office National Des Hydrocarbures et Des Mines "ONHYM" and Genel Energy). Work is ongoing to correlate the core and log data from JM-1 with other wells on Cap Juby to evaluate the extent of moveable hydrocarbons and how any further assessment should be conducted.

The Middle Jurassic objective was encountered with limited primary porosity and evaluation of well logs and side wall cores continues.'

-ends-
Alwaysswitch
Posts: 45
Observation
Opinion:Strong Buy
Price:1,015.00
BROKER RATING
17 Mar '14
Date Broker Rating Old Target New Target Change
17-Mar-14 Deutsche Buy 1,400.00 1,400.00 Reiteration
Alwaysswitch
Posts: 45
Observation
Opinion:Strong Buy
Price:1,015.00
RNS
17 Mar '14
17 March 2014

Genel Energy plc

Operational Update

Genel Energy plc (“Genel”) notes that DNO International ASA, as operator of the Tawke PSC (Genel
25% working interest) has today issued the following press release:

‘DNO International ASA ("DNO International"), the Norwegian oil and gas company, announced
today that it has initiated production from two newly completed horizontal wells in the Tawke field
in the Kurdistan region of Iraq at a combined rate of 37,000 barrels per day.

In one of the new wells, Tawke-21, eight productive fracture corridors penetrated by a 980-meter
horizontal section in the main Cretaceous reservoir interval flowed an average rate of 9,700 barrels
per day each. In the other well, Tawke-22, located six kilometers away, seven productive fracture
corridors penetrated by an 800-meter horizontal section flowed an average rate of 8,800 barrels per
day each. Both wells are subject to wellbore and surface facilities limitations.

Two previous Tawke horizontal wells came on production in the second half of last year, two wells
are currently drilling and three more are scheduled which, together with Tawke-21 and Tawke-22,
will bring the total number of horizontal wells in the field to nine by year-end.'

In addition, Cairn Energy, as operator of the JM-1 well (Genel 37.5% working interest) offshore
Morocco, has today issued the following press release:

‘The JM-1 well drilled to evaluate Upper Jurassic and Middle Jurassic objectives reached a total
depth of 3,711m true vertical depth subsea and has been plugged and abandoned without testing.

In the Upper Jurassic section, the well has confirmed the presence of heavy oil over a gross interval
of 110 metres as originally tested in the 1968 MO-2 well, some 2km from the JM-1 well. Reservoir
quality and the oil gravity in the Upper Jurassic across the Cap Juby structure require further
evaluation by Cairn and its joint venture partners (Office National Des Hydrocarbures et Des Mines
“ONHYM” and Genel Energy). Work is ongoing to correlate the core and log data from JM-1 with
other wells on Cap Juby to evaluate the extent of moveable hydrocarbons and how any further
assessment should be conducted.

The Middle Jurassic objective was encountered with limited primary porosity and evaluation of well
logs and side wall cores continues.’

-ends-
Alexios
Posts: 5,164
Off Topic
Opinion:No Opinion
Price:1,015.00
genl
17 Mar '14
Duster
boak
Posts: 2,057
Off Topic
Opinion:No Opinion
Price:1,015.00
RNS GENEL
17 Mar '14



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