Member Info for ocelot

£ is down to about 1.30 v the $.

Increases the £-value of those $ payments.

Tacking on $60m for 6 months' fcf to Genel's 31/12/17 book net assets, those assets now amount to 460p per share.

At 278.50p, current discount is, therefore, very nearly 40%.

whoops!

Should have refreshed my page before I posted!

by a former US ambassador to Iraq and Turkey:

https://www.washingtoninstitute.org/policy-analysis/view/putting-iraq-krg-oil-relations-on-solid-legal-ground

The buys and sells are a rough indication, nothing more.

It all depends on the mid-point of the MMs' spread at the time.

If the MMs choose to change their spread, the mid-point changes.

.

Listened to it for 2nd time:

Flowable oil from the Kimmeridge near Bognor Regis extends the Southern limits of the Weald basin by some 20 miles (from about 10:43 of the interview).

We will have to wait a few weeks to learn more.

Recoverable %s of oil originally assumed the Kimmeridge is quite tight, so to be of the order of 3%, 5%, 15%.

DL doesn't think it is tight at all.

Mentioned recoverable %s in oil deposits around the world in the 40-60% range.

Very bullish! Thank you DL.

Do wonder what he meant when he said the Kimmeridge has flowed near Bognor Regis, extending the Weald basin considerably to the South, and that we'll have to wait a couple of weeks to learn more.

Seems to believe the % of recoverable oil could be very significantly higher than assumed so far.

Stand up for your rights, weaklings, don't let them shake you!

Given Alba's modest market cap, it only requires HH's Portland to be reasonably commercial to make a significant impact on the share and its prospects.

Am surprised that yesterday's encouraging RNSs and interviews have not been received more favourably by the market.

Interesting.

Awaiting the results of this Summer's work in order to decide which projects to focus on.

And, of course, the tantalising prospect of cash generation from HH and Brockham.

The Caribbean isn't a "far flung place"!

Moving Pantheon out of the bucket list leaves a vacancy and I have decided that it should be filled by Genel Energy who has an exciting drilling programme with near-term production upside. The company is generating over $10m of free cash flow every month and is drilling ahead on its existing Peshkabir field programme with significant success already recorded. Elsewhere I am impressed with what might be a double whammy; the gas fields at Bina Bawi and Miran also have potential for shorter term development of high value light oil at the former. Strongly funded and under new management I think that there is plenty of upside for Genel in the short and medium term.

Won't be the first time Genel reacts to positive news with a slight delay.

at 31/12/17: $1,609.8m

add 6 months' fcf of about $60m = at 30/06/18: c$1,669.8m

@ 1.32 = £1,265m

= 453p per share.

... "The pickup in Peshkabir production puts new meaning to the fast in fast track in development of this field by the DNO team," DNO Chairman Bijan Mossavar-Rahmani said in a statement. "And we expect Peshkabir to continue to surprise to the upside."...

https://www.upi.com/Energy-News/2018/07/17/60/7111531818903/

The Bouygues family sold out with a very handsome gain.

The 10p+ tomorrow brigade were right, ... but not for very long.

Too late, I'm afraid - needs to be in before the opening of the market on the Monday.

Nope, different article. And here's a more recent update:

http://www.rudaw.net/english/middleeast/iraq/15072018

Time an Iraqi government was formed.

For the present, the implications for Genel relate, above all, to the oil price, should oil production in Basra be affected.

£1.55m was the total raised over the 2 new issues.