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1180 is a tough nut to crack but the good news is 1140 seems to be a firm bottom for this share. now lets hope petrobas release some more info on the well in block 50 but dont hold your breath. but bg should release some news about the discovery
http://www.oilvoice.com/n/Petrobras_announces_new_discovery_of_good_quality_oil_in_Santos_Basin_presalt/c9ed8463fcd1.aspx by the reaction of the share price you would think bg had found a turd in a swimming pool
http://www.bg-group.com/OurBusiness/WhereWeOperate/Pages/Braziloperationsmap.aspx block 50 is huge
they really must be embarrassed about finding more oil. but i suppose they are waiting until they have drilled to the bottom of the well to confirm how big a find this is.
The concession where this well is being drilled is located west of the main discovery in the Santos Basin pre-salt (cluster blocks). The importance of this discovery lies in the fact that this is an exploration frontier.
Petrobras is the consortium operator (60%) in partnership with BG E&P Brasil (20%) and Repsol Sinopec Brasil (20%). some one should tell them they have found oil
http://www.youroilandgasnews.com/petrobras+announces+new+discovery+of+good+quality+oil+in+santos+basin+pre-salt_87402.html more oil for bg this is a fantastic result but why no rns today?
did bg hit a high of 1240 today?
we are back at the top of the current trading range so sell if you feel brave
http://www.insidermonkey.com/blog/are-any-of-these-5-ftse-100-shares-a-buy-bg-group-plc-bg-69164/
bg are working with goldman sachs on the sale of some australian LNG assets
http://www.bg-group.com/MEDIACENTRE/PRESS/Pages/18Feb2013.aspx
BG is focused on oil and gas exploration. Currently, the business is approximately 70% gas and 30% oil. This mix is expected to become more oily as Brazilian production is ramped up over the next five years. As BG and its partners add more production capacity to their operations in the Santos basin, earnings will grow fast. Earnings growth of 15.2% is expected for 2013, followed by another 19.7% of growth in 2014. Against these forecasts, the shares look attractive, trading on just 11.2 times consensus estimates for 2014.
http://www.rigzone.com/news/oil_gas/a/124317/Total_Expects_ElginFranklin_Field_to_Restart_Soon
35,000 shares up 33p equals 10 grande. not bad in 1 day
http://www.insidermonkey.com/blog/is-bg-group-plc-adr-brgyy-a-buy-60762/
http://www.offshore-publication.com/index.php/projects/836-bg-stronger-than-bp-and-shell-348073