Member Info for hallmark

Profitable, financially stable Company
Substantial independently audited reserves, very low market capitalisation in comparison
Operating in increasingly sought-after countries:
Emerald Energy sold for c £18 per 2P BOE (H2 2009)
PanAndean’s Colombian and Peruvian assets acquired by Petrominerales (no reserves) Aggressive Plan: 10
3 Year Plan commenced, most aggressive in Company’s history
Plan designed to be self-funding through increasing cash flow from drilling Activity & Newsflow:
Potential for acceleration of Plan with higher oil prices or higher production volumes
Mostly ‘developmental’ drilling with substantial rewards in terms of production and reserves
Significant activity and newsflow between now and end 2012

-Average production in H1 2010 of c 1,015 bopd (net) - Company producing from a fraction of the reserve base -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 / $0.24 per 2P BOE -Next well to be drilled and tested prior to year end -target 9000 bopd by end of 2012 -13 wells drilled + 1 well re-entry + 2 3D seismic acquisition programmes + construction of facilities -Designed to be self-funding using increasing cash flow from drilling successes -Most aggressive Plan in the Company’s history announced in March 2010 -Increase production by c 8,250 bopd² (current: c 1,015 bopd) -Increase P1 reserves by c 200 million BOE (current: 60.8 million BOE) 2010:
2 wells drilled - 1st well (Rio Verde 2) unsuccessful; 2nd well (Tilodiran 4) to be drilled prior to year end
Now focused on development of relatively low-risk, producing, cash generative Tilodiran field within Rio Verde contract, Colombia
Previous Tilodiran field well tests (approx): 860 bopd (Tilodiran 2) and 1,280 bopd (Tilodiran 3) 2011:
3 wells drilled
Activity expanded to include 1st well on Block 95 contract, Peru in addition to Rio Verde contract drilling 8 1
Bretaña 1-X well drilled in 1974 on Block 95 contract area - tested at 807 bopd (18 degrees API gravity) 2012:
8 wells drilled + 1 re-entry
Final year of Plan moves to long-held Colombian contracts, Bolivar and Bocachico (Catalina & Torcaz fields)
The two most reserve rich of the Company’s contracts and more complex geology

I hold both as I believe you do? wish i had some more spondooly for an AMER top up

target 149p http://www.globalenergyplc.com/docs/Matrix%20Note%20-%2011%20Nov%2009.pdf company presentation target 9000 bopd fully funded without the usual fund raiser http://www.globalenergyplc.com/uploads/InvestorJuly10.pdf

oily with 1000bopd for market capital of 20mn? no? how about the 3rd biggest reserves on aim behind bankers and regal? how about a 3 year plan to bring production upto 9000bopd. AMER produce less and are aiming to get to 6000 bopd by the same time GED get to 9000 AMER MC 100mn + DYOR

another 20k on the bell. the buys are coming for some reason. results should sow a good profit but how much? unless spud news is coming

I am not answering for SD.... but when the news broke i posted a piece from bloomberg saying it would not affect any existing oil contracts. there are a lot of operators in Italy and ENI (i think they are) are the energy jewel in italy's crown are affected. this was a knee jerk reaction first and fullmost and it comes down to Italy not wanting to suffer a loss of tourist income should a spill happen. IMO what will happen is tighter regulation will come in to provide piece of mind then the contracts will be allowed. I am not sure the italian government can afford to remove a revenue stream like oil royalities at the minute so they have to be very careful. It will affect there ability to pay back debts and could eventually lead to a down grading. anyway it has little affect on MOG in the long term as OM is a way of being developed yet and there are other ways around it. suck it and see.

another 25k buy now. really strange buying. loads of 25k buys. wonder if we will get a holdings rns at some point?

morning mate. in terms of news. results should be good. but this may drift then until drill result. after results there is spud news, and drilling result and maybe seicmics pre xmas. a 40% cos on the nov/dec drill and if a strike it comes on line straight away. broker reckons production could be 1500bopd by xmas. then next year 3 drills. 2012 9 drills 2 years form now 9000bopd is the target. EXI are producing similar and their market capital is 10 times this good luck

1000 bopd. the sp dropped on the duster but results are due within a week. either this has been tipped or the margins have leaked IMO. cant find a tip anywhere so the profit margin has been leaked i reckon. a market capital of 20ish million for a company producing 1000bopd is dirt cheap and it underpins the sp. if the 3 year plan comes to fruition then EXI are a good example of where this could be. toliordan 4 drill news is also due now for a spud any day. 40% cos so could be positions taken? dont know but the buying has been relentless

last couple of buys there. not massive but they have not been evident in recent times. I suggest watching any continued buying closely as it may be italian money entering the market?

see i get abuse no matter if i am on or not? you now even find new shares to secretly abuse me

i have not got a clue where SD is. i know he is off to centreparcs next week. prob just having a break good luck if you are in here.

the italian government have issued the legislation. it is unclear and MOG are currently seeking clarification. if mog determine that the legislation is prohibitive then they can drill outside the restriction zone. if the legislation is favourable they can continue. there are some bluechips affected by this and they will be seeking clarification as well. this legislation does not affect mogs other assets on the obrina mare. but this is mogs jewel in the crown. these are an excellent opportunity at current sp IF IF IF it turns out favourable. IF not and they have to drill elsewhere then a cash call is likely. I also recall that mog have got some high impact high risk drills offshore malta next year where cash may be required as well. This is a gamble at the moment but if the government do honour existing contracts then there is some serious upside to be had.

what a difference a week makes?

ta. appreciated. not of interest for investing but i do work with them! u oh

stupid question maybe but is this the contractors ROK?

italians do drag their feet!!!!!!! come on say something!! here and on IRG

consider SD may be just trying to raise awareness of a bit of a pump and dump and not see less experienced investors get caught with their pants down?

if you are on the other side of the equater the water goes down the plughole anti clockwise. must be the same principle.