Member Info for hallmark

23/09/2010 09:49:10 63.95 3,101 O 1,983.09 23/09/2010 09:42:41 63.95 7,765 O 4,965.72 23/09/2010 08:34:10 62.00 1,540 O 954.80 23/09/2010 08:04:37 63.95 1,094 O 699.61 23/09/2010 08:02:33 63.95 5,000 O 3,197.50 23/09/2010 08:02:17 63.95 9,382 O 5,999.79

Global has put forward its three-year, 13-well, plan to realise value from its large reserve base. The programme looks feasible, operationally and financially, and now the company must execute in order to demonstrate the latent value within the portfolio. We are raising our TP from 149p to 169p.

169p 3 x current levels before the commencement of further drilling on low risk proved undeveloped wells http://www.globalenergyplc.com/uploads/LLP.PDF

110k buys 15 k sells today hmmm

mms lift the price to sell the shares they have paid 18p for. make a profit. they use the low volumes as a tool. in saying that the best sign that good news may come here is the large trades over the last few weeks. most have been buys sorry for that SD will of course be able to answer as well i am sure

Most aggressive Plan in the Company’s history announced in March 2010
Targeting the Company’s substantial P2 + P3 reserves
Extensive input from independent consultants
Consultants selected drilling locations and assessed production rates and costs
Total cost estimated at $110 million¹:
13 wells drilled + 1 well re-entry + 2 3D seismic acquisition programmes + construction of facilities 8
Designed to be mainly self-funding through increasing cash flow from drilling
Transformational for the Company as projected to:
Increase P1 reserves by c 200 million BOE (current: 60.8 million BOE)
Increase production by c 8,250 bopd²

Aggressive 3 Year Plan: 3
Aggressive ‘3 Year Plan’ announced March 2010 - aim to develop reserves and increase production
Plan developed using independent consultants and conservative estimates
Next well required to reach Total Depth prior to year end
Remaining wells in Plan considered relatively low-risk as developmental in nature - all 100% owned by the Company

Large Reserves:
3rd largest 2P reserves among AIM-listed Oil & Gas companies
2P reserves of 147.1 million BOE* against market cap of just c £24 million - trading at £0.16 / $0.25 per 2P BOE
Focused on Colombia & Peru - areas of recent corporate transactions (i.e. Emerald Energy, PanAndean)
Average production in H1 2010 of c 1,015 bopd (net) - Company producing from a fraction of the reserve base

presentation. very nice http://www.globalenergyplc.com/uploads/InvestorPresentationSeptember2010.pdf low risk drilling is the key here. drilling proved well soon. 3 proved wells next year

60k of delayed buys 12k of sells and the sp down 2.3%. yeah right bit of stake building going on. spud soon.

you may need to pay a visit soon to your favourite person. ouch

seen them trades on the matrix share i emailed you?

trades on the matrix!

did you look at the PCI presentation and what they say about the regs?

and 100% drilling success!!! Production Exillon Energy has reached a production of 6,500 bbl/day, where 3,350 bbl/day comes from the Exillon TP fields, and 3,150 bbl/day comes from Exillon WS. With the construction of additional in-field infrastructure, the Group intends to increase production to 9,000 bbl/day in Q4 2010. Gross production for the six months to 30 June 2010 averaged 3,195 bbl/day. This represents an 84% increase over the comparable period in 2009 when the average daily production rate was 1,732 bbl/day. The Group's revenue for the period comprised revenues from sales of crude oil and amounted to $27.4 million. 96% of the revenue was derived from Exillon TP, which represents just 41.4% of the Group's 2P reserves and 24.9% of the 3P reserves. Drilling Exillon WS drilled seven wells during the period, achieving a 100% drilling success rate. The wells were drilled with an average drilling time of 30 days per well, and at an average cost of $1.2 million. Five wells drilled on EWS I fields were tested and achieved an average test flow rate of 668 bbl/day of water-free oil naturally to surface.

further oil resource License Acquisition On 25 February 2010, the Group acquired the North Kenyunskoe license in a state auction. The North Kenyunskoye license is largely covered by 2D and 3D seismic, and consists of four main structures with recoverable oil reserves and resources estimated at: C2 – 16 mmbbls; C3 – 3.6 mmbbls; D1 – 8.7 mmbbls. The North Kenyunskoe license acquisition represents a significant addition to the Company‟s portfolio, and is currently not reflected in the reserve report prepared by Miller and Lents.

bankers petroleum 1000bopd 200mn p2 = Market capital £1bn Regal petroleum 1930 bopd 151mn p2 = market capital £98mn Afren 20000 bopd p2 ? = market capital 3900mn EXI soon to be 14000 bopd 130mn p2 = market capital of £270mn?? see the upside? Production – significant increase in output recorded o Exillon Energy has reached a production of 6,500 bbl/day, and is expected to further increase combined production to 9,000 bbl/day in Q4 2010 Reserves – booked volumes grow at 1P, 2P and 3P levels o Group 1P reserves increased by 23% to 80 million barrels, 2P reserves increased by 5% to 137 million barrels and 3P reserves increased 6% to 391 million barrels Exillon WS o Achieved 100% drilling success rate across seven wells drilled in 2010 o Completed 28 km pipeline allowing year round production to start on June 6th Outlook In March 2010 the Group received permission from Transneft to build a direct entry point to the Transneft pipeline, which is a key driver to cost reduction in Exillon WS going forward. The Group expects to complete an entry point to the Transneft pipeline in Q2 2011. In addition, the Group intends to use the net proceeds it received from the Placing in June for development activities, such as seismic, water injection, drilling and infrastructure. With this additional investment, the Group intends to reach a production target of 14,000 barrels per day in the second quarter of 2011. More generally, we believe the macroeconomic and operational environment continues to be favourable for our business, and we believe we are well positioned to benefit from the stable commodity prices at a time of rapid production growth. six months time and EXI could be looking at 14000bopd with a target of 20000 by end of 2011! thats the same output as AFR (900mn mc) but in a much safer region DYOR

um bongo?

bingo

games. mr breakdown.