Member Info for hallmark

rise on no news. wonder whats cooking? few bn barrels one presumes =)

agreed. the very warm easter period saved argos' blushes somewhat as homebase did well. the problem with argos as i see it is it now has a business model way behind the times. picture the typical working family. its the sons birthaday and he wants an xbox. do they find it in an argos book. write down the code, drive to the high street, enter the code into a computer in the shop, pay in the shop and wait 10 minutes for it to come down a shoot, get talked to for 5 mins asking if you want break down cover and then drive home. or do you click on amazon or play and order online form home in five minutes and have it delivered the next day? hmmm let me think. t gets worse for argos because the high streets are having a hard time competing with the internet. when asked people on the high street said they still go to the high street to 'window shop' and browse the stores before buying. you cannot even do that at argos. In an attempt to step up its attempts to bridge the gap argos now have a TV channel on sky. Prolem being you still have to watch and wait before the items you want come on and then you have to phone up give all your details and then wait. you thn pay a premium for the call center experience.

and beer time. have a good weekend all

DEO have oil, plenty of it and moving towards further appraisals and field development "We are pleased that the respective groups have been able to reach agreement on the amalgamation of the equity as well as commiting to the drilling of an appraisal well. This offers the opportunity for the Perth Group to enhance the unappraised Gamma discovery into a meaningful commercial accumulation. Gamma/Spaniards is in close proximity to our Perth field where we are continuing to progress our plans for field development. This demonstrates an important step for DEO in becoming a leading, multi-asset exploitation and production company in the Central North Sea".

EnCore Oil plc (LSE: EO.) and its P1655 (Block 15/21g) partners, Nautical Petroleum plc and Serica Energy plc (the P1655 group), announce they have agreed terms to acquire a 70 per cent. interest in a part of adjoining Licence P218 (Block 15/21a). P218 is currently operated by DEO Petroleum with co-venturers, Faroe Petroleum plc, Maersk Oil UK Ltd and Atlantic Petroleum (the P218 group). The area in P218 to be acquired includes the 15/21a-38z Spaniards/Gamma discovery well, drilled in 1989 by Amerada Hess, which flowed 2,600 bbls/day of 26 API oil on test. In consideration, the P1655 group have agreed to assign the P218 group a 30 per cent. interest in P1655, and have agreed to fund the cost of the first well to appraise the Spaniards/Gamma discovery. It has also been agreed that a subsequent appraisal well, if deemed necessary and approved by the partnership, would be funded on promoted terms by the current P218 partners as shown in the table below, after which funding for any further wells would be by equity share.

time again. have a good one

time soon get the beers in

time enjoy the w/e

I held this last year. check back. there is potential and they have good production and good reserves but the infrastructure is not there.7 GED could not even sell all their oil in a year when they were producing 1000bopd due to pipe capacity issues. they have tp pay high transport costs for trucks. so the increase in production is of little use currently. the big news will be if infrastructure can be improved.

i held here a while back and spoke of all the potential and took a big profit. the problem here is infrastructure. last years results when they produced 1100bopd showed they had some oil left over that they could not shift as the pipe capacity and the likes is not there. Its a promising share but until they can sell all their inventory year on year the sp will continue to underperform. Good news none the less and they have very big resources for a low capped aimer.

apart from buying perth proven oil discovery and prepping an FDP for submission in september, undertaking research into additional exploration potential within the perth license and getting into bed with faroe petroleum to bring the field into full production. not many AIM oilers with this kind of MCAP with proven oil reserves and a forward plan to develop it.

rebirth of Dana petroleum. the combining of DEO and PMG brings together most of the old dana execs post takeover. The Parkmead Group (LON:PMG) announced a new tie-up with DEO Petroleum (LON:DEO) to bid for new licences and look at potential acquisitions in the UK Central North Sea. Parkmead is run by a group of experienced senior oil executives who were part of the core team responsible for building the Dana Petroleum business, which was bought by the Korean National Oil Corporation in a £1.7 billion hostile takeover last year. This morning it told investors that it has signed a strategic alliance agreement which envisages a 50:50 partnership that will initially last until December 2013. "This strategic partnership is a win-win for both companies and we are very pleased to be working with DEO, whose core skills are entirely complementary to Parkmead's,” said Tom Cross, Parkmead’s chairman. “Our combined teams share a deep understanding of the North Sea and this collaboration will allow both companies to create and accelerate significant value for our respective shareholders." The partner’s plan to bid for new licences in the anticipated UKCS 27th Licensing Round – the timing of which has yet to be confirmed by the UK Department of Energy and Climate Change (DECC), but it is anticipated to be in 2012. They also plan to look at joint acquisition opportunities. Parkmead will be the ‘exploration operator’ for the partnership during the application, bidding and exploration phases and if a commercial discovery is made DEO will take the reins as the ‘development operator’. “The strategic partnership offers DEO the opportunity to expand into areas beyond our core Perth assets, where our existing relationships are strong and unchanged,” DEO chief executive David Marshall said. “The Parkmead Group has an outstanding team of industry professionals with a proven track record of identifying excellent exploration and appraisal targets.” Marshall added: “DEO's core expertise in development and production makes this a very strong joint venture grouping; together we can bring the full range of skills to the life cycle of prospective oil and gas assets."

field development plan in september

nice RNS still waiting news on perth upside and new aquistion

bank of canada 9.7% morgan stanley 9.7% RAB 15% credit suisse 8% Blue gold 10% artemis 5% occ ziff 20% Altima 5%

Update anticipated on other regional opportunities around the beginning of Q2 2011. • Budget approved for FDP work programme with the new Perth licence group. • All workstreams underway and progress is in line with our plan to submit an FDP application approval to DECC on the 30th September 2011. • DEO is evaluating a number of complementary opportunities within close proximity to the Perth acreage which could enhance the value proposition of the Perth development plan. • DEO continues to evaluate other suitable subsea tieback opportunities in the Central North Sea.

do not mention GBO. i should have followed my instinct =(

sec, see the footy? whats heather mills and spurs got in common? 2nd legs just for show

they just eat too many pies

"news Imminent" "Work on the maiden resource calculation is now in its final stages and we anticipate this will be ready for release imminently. Additionally, the process of selecting an engineering consulting group is underway to work alongside Horizonte as we start data collection and preparation work for the Preliminary Economic Assessment which is expected to lead into the Pre-Feasibility Study. "Elsewhere on the project, exploration teams are in the field evaluating other regional targets within the extensive landholding that makes up Araguaia with the aim of delineating additional zones that will add to the overall resource base on this world class project."