focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
and lots more to come, very good mid-long term hold. GL all.
Fresh shares hitting the Market today. Let's see what happens. We could really to do with the CPR right now!!!!
Some massive trades. 1million£££ spent in one go and a few other very tasty buys aswell.
Leading Gas supplier in Turkey; The Hatay Blocks offer the opportunity for near term gas production. Having previously estimated recoverable gas reserves from Block 4077 of 80 Bcf, Oman Resources now estimates that the combined gross recoverable gas reserves across the portfolio are in the region of 300-500 Bcf. Such reserves would make it a leading domestic supplier in Turkey, with potential gross production of 15-25 MMcf/d when all of the fields reach full production."
Block 4396 The Operator recently completed drilling of Hamam-1 Exploration Well and is currently preparing to start commercial production tests. The Operator plans to drill two additional prospects, identified as Yesiltepe and Gazi, in 2011. A 30km pipeline tie-in to the main existing network is planned. A CNG bottling plant is under construction. First production of natural gas from Block 4396 is expected in Q2 2011 Block 4395 The Operator recently spudded the Kastal-1 Exploration Well to test the first of two prospects identified in Block 4395, targeting the Miocene sandstones of the Kizildere Fm. Drilling of the second prospect, Goz, is planned for later this year. A 20km pipeline tie-in to the main existing network is planned. First production of hydrocarbons from Block 4395 is expected in Q2 2011. A CNG bottling plant is planned to enable immediate commercial test production. Block 4394 The Operator plans to deepen the Ayseler-1 Exploration Well on Ayseler prospect, located on a rotated fault block bounded by two faults dipping to the southeast, in July 2011. A 30km pipeline tie-in to the main existing network is planned. First production of hydrocarbons from Block 4394 is expected in Q3 2011. A CNG bottling plant is planned to enable commercial test production from Cumalar-1A well. The total combined gross planned expenditures for the work programmes across the Hatay Blocks over the next two years is estimated to be approximately $34.4 million. The Company has commissioned Senergy to prepare a CPR on the Hatay Blocks and Block 4077, expected to be completed in May 2011. Nigel Little, Chairman of Niche commented, "The Hatay Blocks offer the opportunity for near term gas production. Having previously estimated recoverable gas reserves from Block 4077 of 80 Bcf, Oman Resources now estimates that the combined gross recoverable gas reserves across the portfolio are in the region of 300-500 Bcf. Such reserves would make it a leading domestic supplier in Turkey, with potential gross production of 15-25 MMcf/d when all of the fields reach full production." Enquiries:
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'Chaps - a very good show yesterday according to my people who were there. Niche news this week with major institutions coming on board was the party line from many in the know - they couldn't expand any further for obvious reasons so watch out this week for RNS. Two other shares that were highly spoken about were Avisen and ATUK. Avisen tipped to hit 20p + according to many who spoke at yesterdays event.Finally,ATUK will be taken over but well above current share price. Sorry I don't have anything more meaningful but just wanted to share what I had. I look forward to hearing this big news.' from advfn..
April 06, 2011 The Niche Group Extends Its Footprint In Turkey As Investors Await News Of Production Test Having made one discovery in Turkey, albeit production test rates are not yet in, it is little wonder that industry newcomer The Niche Group has decided to increase its exposure to the country. The AIM-quoted investment company, a former cash shell, made its industry debut in May 2010 when it loaned money to Oman Resources, a privately-owned outfit that is farming-into Block 4077 in an under-explored area of south-central Turkey. Now Niche has agreed another in a series of convertible loans made to Oman over the past year, this time lending £5.5 million to help the private company farm-in to three blocks – 4396, 4395 and 4394 – in the Hatay area, close to the Eastern Mediterranean Sea. Niche’s recently appointed chairman Nigel Little, a senior investment banker, said the new blocks had “significant potential for near-term gas production”. As before, Oman has inked the farm-in with Turkish company Arar Petrol ve Gaz, the second largest oil and gas licence holder in the country after state group TPAO, agreeing to pay US$10 million for a 50 per cent stake in the three blocks. The loan will convert, at Niche’s option or on certain agreed events, into a further 5.5 per cent of Oman’s share capital, resulting in a total shareholding of 32.2 per cent in Oman following conversion of all convertible loans (once one loan is converted, all convert). News of the expansion follows the discovery at Gulhanim-2 on Block 4077, which is reckoned to hold 80 bcf of recoverable gas in the Konya project area with areas to the east and west thought to hold up to 750 bcf of recoverable gas. This area of south-central Turkey was drilled in the 1970s by state oil company TPAO but any gas finds were dismissed because there was then no market for this “waste” product. This meant a gas find with a possible 80 bcf of recoverable gas was left to lie dormant…until now. Today Turkey has a strong domestic gas market and the nearest pipeline lies just eight miles away – this considerably reduces the threshold for commerciality. Based on very preliminary results, Niche seems to have struck lucky with its first drillbit experience, although the odds were enhanced by the vintage wells. The G-2 well was drilled to a total depth of 3,133 metres and encountered three separate hydrocarbon-bearing zones. Natural gas was found in a shallow post-salt Oligocene-age sand, while gas and condensate was found a pre-salt highly fractured Eocene-aged carbonate at a depth of around 2,500 metres. A third deeper pay zone encountered a 38 metre gross interval of porous and permeable carbonates, the Caldag formation, which was home to light oil and gas in three separate intervals. The oil ranged from 37 to 60 degrees API. The well is being cleaned up ready for testing from the Caldag
for the first time in ages they will buy all my shares off me.. news soon?
agreed mate, i may top up soon too, we have volume today.....
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Hold steady or run. two simple choices. There have been some big trades on both sides some really could indicate news is known both good or bad. at the moment this is a nervous hold. last bit of drilling should be finished anyday now, we will be selling to a refinery near by, 2d survey still to come in and........
what you mean mate?
10% up
on the chart is here so if we close here bullish view. macd pointing up & rsi pointing up. seat belts on.
starting to come back to life now, im fully loaded and waiting the explosion.
300k buy went through earlier too
just spoke to Trevor well. some good and bad news. short term in Crosby world is a year bit more likely with in 6 months. Crosby are proactively engaged in making deals (cant say anymore than that) I asked will these deals add significant value to the share price? "it is the boards responsibility to ensure that" and 'Any deal worth making does not happen in a week" seemed bullish but why wouldn't he? he apologised for not being able to say more but i guess that means there is more to say but he just can't tell us. bingo.
i think its being held back. it was walked down to these levels and it will stay until 'they' want it to rise.