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Genel Energy Share Chat (GENL)



Share Price: 691.00Bid: 0.00Ask: 1,000.00Change: 0.00 (0.00%)No Movement on Genel Energy
Spread: 0.00Spread as %: 0.00%Open: 0.00High: 0.00Low: 0.00Yesterday’s Close: 691.00


Share Discussion for Genel Energy (GENL)


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blue2guit
Posts: 94
Off Topic
Opinion:No Opinion
Price:721.50
View Thread (4)
RE: Middle East and Kurdistan
Wed 18:34
Im hoping Afren will also come good given time!
 
blue2guit
Posts: 94
Off Topic
Opinion:No Opinion
Price:721.50
View Thread (4)
RE: Middle East and Kurdistan
Wed 18:33
Traderno, thanks for the link. It kind of supports what I had been thinking - that there could be no real justification for the extent of the oil demand. I had determined to hold tight and even look for further oily bargains.
tradernor
Posts: 704
Off Topic
Opinion:No Opinion
Price:720.00
View Thread (4)
RE: Middle East and Kurdistan
Wed 15:16
volcano
Posts: 2,297
Off Topic
Opinion:No Opinion
Price:733.00
GENL
Wed 14:43
nearly £1 up in a week or two .
chris47
Posts: 378
Observation
Opinion:Hold
Price:697.00
2 to 4 weeks wait now
20 Oct '14
This morning San Leon and Serica announced that the Sid Moussa well, SM-1 had reached TD and had ‘encountered oil during drilling operations’. Genel then announced that whilst testing was indeed taking place it might be ‘premature’ to read too much into the news. The reasons for the different disclosures are because San Leon and Serica are Aim listed and Genel is not, the latter would probably have preferred not to have put anything out at all. However, Genel as operator are spending north of $20m on the testing so it must feel that it is at least worth the while doing it. Testing this will take 2-4 weeks and with a Capital Markets Day scheduled for the 13th of November, Genel has the perfect target for what might indeed be very good news. All eyes have been on offshore Morocco for some time now and with a couple of dusters so far success here would be a boost for all the players in the area. After the announcements the Genel price fell, San Leon’s remained unchanged whilst Serica’s rose 11%, try explaining that away…
G1lo
Posts: 211
Off Topic
Opinion:No Opinion
Price:708.50
Cautious
20 Oct '14
At least it was not a "dry P& A" RNS so it is a good news. Genel s cautious approach is probably wise in this business and by reading their RNS it is almost like they would have rather saying nothing until they tested the well.
"Genel notes annoucements by its partners..."

Any idea on testing length of time?

RNS Number : 6901U

20 October 2014

Genel Energy plc

Update on Sidi Moussa-1 well offshore Morocco

Genel Energy ("Genel") notes today's announcements by its partners San Leon Energy and Serica Energy regarding the Sidi Moussa-1 well offshore Morocco, operated by Genel with a 60% working interest.

Genel confirms the information contained in the operational updates issued by its partners. It is premature at this stage of operations and ahead of the forthcoming testing of the well to make any definitive technical interpretation.

Genel shall update the market on completion of operations"
RobbyB
Posts: 981
Off Topic
Opinion:No Opinion
Price:714.00
Xrated
20 Oct '14
Well, we got the answer this morning! Fingers crossed for testing. The Genel RNS is quite cautious.
linksdean
Posts: 1,864
Off Topic
Opinion:No Opinion
Price:714.00
View Thread (2)
RE: robbyb
19 Oct '14
licence area is huge.. numerous prospects found on 2.3d..defo dwarf kurdis finds................if a hit!
xrated
Posts: 51
Observation
Opinion:No Opinion
Price:714.00
View Thread (2)
robbyb
19 Oct '14
we are over 80 days drilling, it took 72 days for Cairn Energy to hit Td, Rigs dont hang around if they find nothing.So its my hunch if they found something ,then they would be waiting for testing gear, I hope that is the case,
If we have a find, its only the beginning as the Licensed area is extremly big, it wouldl dwarf the kurdish find.
RobbyB
Posts: 981
Off Topic
Opinion:No Opinion
Price:714.00
View Thread (3)
RE: Game changer
19 Oct '14
Yes, I saw xrated's post as well and wondered. Rigzone still gives the status of the rig as 'drilling' but says that it hasn't been updated since Sep. Does he mean why pay for a Moroccan offshore rig when they are not drilling elsewhere? Or is it news of the Nour prospect?



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