Member Info for sparky333

Gents, if no Gas deal by Feb the entire BOD has to go as this is unacceptable. I have been here 18 months and the deal has already been extended by 1 year and we are in real danger now of a further extension or revocation by the MNR. I very much doubt the revocation but this cannot go on any longer. Also why no news on FDP for Bina this was 6 months ago and we could be close to production now if approved yet no a word.

Unacceptable by the BOD and as a min the CEO has to go.

Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of payment cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it's ready they are allocating Qs for free to people that sign up now (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot. If you missed getting bitcoin seven years ago, you wouldn't want to miss this.

Here is my invite link: ***********************/invite/ysfoTKwF2

This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.

Big fall under low volume - opportunity ?

I know full well we have a $300m bond.

Is just utter bullshit. How can you a company that in theory could have more cash than the current market in 12 months time effectively valuing the assets at zero which are in fact earning $30 to $40m a month. The markets are meant to be forward looking. Mark my word we will get a stupid ass bid and because it is a 25 to 50% premium we will all say ain’t that great. No you have sold sold a cash cow for peanuts. Utter mugs UK investors. Can’t see the wood for the trees. War zone discount, Kurdy discount. Nah no fighting or payment issues for over 3 years. We are oozing money even at $40 a barrel how many companies in Thai enviable position.?

Really that would be a market cap of £400m This year we will be close to $400m in revenue and a cash position of $400m minimum. Next year we could be pushing 45-50k per day and you reckon we will hit £1.50. Well if that the case we may as well do nothing and wait for the company 13 months later have more cash than the share price. Because even at this level this time next year we will have more cash than the current SP never mind £1.50p

I was surprised at the gate with Genel yesterday with heavy selling very early which set the tone for the day.

I agree with a lot of the posters here and on ADVFN that the BOD ae doing themselves no favours with the woeful news flow outside of DNO driven news on Pesh.

Come on Genel you are in a really good place with growing cash flow, cash positive and I expect huge progress behind the scenes on Miran and Bina.

The clock is ticking and Feb 19 is fast approaching, I expect the market will not look well if this date for Gas is missed yet again and extended by another 12 months.

FFS BOD you are paid huge sums and people will only invest based on company news flow you cannot hid away for months at a time, update you shareholders especially on the big ticket items like Light oil at Bina and the big pink elephant in the room GAS !!!!

I fully expect a cheeky bid sooner rather than later, look at what you are getting for free - a massive Gas reserve.

I agree a Rosneft bid or you may even get Gazprom casting its eye over Genel.

Really short sighted of the European Oil and gas companies, we complain enough about reliance on Russian Gas and you have a massive field that could rival supplies from Gazprom into Europe, yet they do nothing.

More fool them and very short sighted, am I surprise ? Nope

While we all wrestle with POO p, Genel, Bina light oil and the elusive gas deal.

Not for widows and orphans, have a look at Hvivo and a possible transformational deal for it FLU V, a universal flu vaccine which is ready for stage 3 trials after ground breaking stage 2 trials.

Big pharma deal on the card, if so this Minnow could 10 + bag in minutes current market cap £20m

is valued at 600M sterling and we are valued at 480M sterling

the share valuations get more and more odd by the day.

So we are £500m market cap.

Let’s get the facts of what this relates to

1. $ 300m bond
2. By year end I estimate Genel will have close to $400m cash therefore $100m cash positive, therefore taking out cash Genel is worth about £425m Sterling.
3. 2019 I expect will average close to 35-40k significantly improving as the year progresses as Pesh pushes 100k and our 100% from Bina at 10-20k second half of 2019
4. Cash flow for 2019 could be pushing $400m to $500m or £300 to 375m sterling which is 90% of the current SP
5. Cash at year end 2019 could be 30 to 40% of the current market cap.
6. this could give Genel a war chest excluding the bond of around 300 to 400m dollars.

And none of this is account for Miran and Bina gas.

It has fallen way to far and when the market wakes up realises this expect a significant rerate, but what is annoying me is why do the bod not take this opportunity to repurchase 10% of the stock or as a minimum announce the start of dividends in jan because the amount of cash she is throwing off even at $50 POO is insane.

BOD wake up !!! And capitalise on this through share buy back, dividend or pick up a distressed oiler, this is a unique opportunity, grab it because Genel is in one of the strongest positions in this sector at the moment.

POO up and we are dragged down.

Genel never fails to defy logic

Sp been in a downward spiral since April yet never better operationally, very odd, along with the complete lack of volume, which just fell off a cliff since April.
So we are valued at £600m and in 2019 could be pumping 40k a month, this just doesn’t is insane volume for a company with £600m MC. Never mind further Pesh and Bina volumes in 2019.

Also cash holding over $300 in cash and this time next year could be over half a billion dollar in cash.

The market cannot ignore this fact because if they do Genel will not exists in the next 6 months and a massive multi bagger gone for peanuts.

To many alogos and BOTs driving share prices these days and if a predator came in tomorrow at 300p Genel would be sold and we only have ourselves to blame. investors are so stupid these days as just far to short termist.

Up from $77 to $86 in a month. Sp not reflecting the POO rise at all.

at a 3 year high

I have no idea what this means to Genel on monthly rev but I expect it is very significant.

Cannot believe the SP is not reacting, 9 more days to ops update. At which point I would hope we have the latest batch of Pesh data and maybe already over 50K

also approval for Bina light oil and you just never know, some gas news !!!

This SP is a joke and at some point the market has to wake up because POO is setting a new range for the rest of the year and into 2019 which looks to be an odds on bet for further strength unless Trump cuts a deal with Saudi.

would be surprised is Saudi agrees as they want $80 to balance the books for Vision 2030.

would not be a good thing long term. $80-$85 is a good solid figure where Oil producers make good money and do not strain the world economy to much.

Any calculated what Genel would be pulling in a month on 45K+ production which I anticipated will be met at some point in 2019.

at some point Genel will surge as stocks tend to hit but exuberance, when this happens who knows where it will stop but will eventually find a level that the markets likes.

safe to say the current SP is just ridiculous as the markets are meant to price 6 months ahead, in 6 months we could be at $100 oil.

what worries me is a lot of big oil are swimming in cash and must be looking to expand through takeover, Genel must appear on the radar of many majors, they could offer twice the current SP and still be onto a winner.

Very interesting run up to xmas as Pesh news comes in, Bina starting drilling and just maybe a gas deal.

not to far away now and I expect the SP will build as we approach.

would be good if DNO release the latest Pesh results prior to this. Could drop at any moment.

POO is going crazy at present a heavy draw this week could see POO pushing $85 with Iran Sanctions so close.

all cash in the bank every month FY figures will be huge if Pesh wells in progress surprise to the upside.

more than Genel

sorry but did I miss something ? more revenue per month, more oil per month and growing very fast.

Never mind the gas and the other assets.

Basic fact

Genel falls under low volume and rises under high volume, since the results the volume has dried up to nothing hence the drip fall from 300p to 230p.

as soon as volume picks up boom !!!

As far as I am concerned we are now massively under valued and in 3 weeks the market will wake up again if not before.

we pump more oil, make more money each month and will be pumping a lot more oil each month for the foreseeable future than GKP yet they are more valuable according to the market ?

GKP are going to spend all that cash pile to get upto 55K which will take a very long time to reach, we could be at 55K in a matter of months if Bina surprises and Pesh keep beating estimates.