Member Info for specul8

This week ended with some much anticipated positive news for Premier Oil's Sea Lion project off the Falkland Islands as they provide a Letter of Intent (LOI) to Dril-Quip for the subsea production system (SPS). This LOI is significant because it:

Is another example of creative contracting strategies to create much-needed momentum
Represents the second large-scale SPS opportunity for Dril-Quip from Premier Oil
Opens up a frontier region to subsea development
As part of this LOI, it appears Dril-Quip will provide vendor financing for the project. This is not the first instance of this strategy, but the fact that it is an apparently repeatable approach shows that operators and the supply chain are open to mutually beneficial ways of moving these projects ahead.

This is a noteworthy award for Dril-Quip. For a company best known for their leadership in the drilling hardware and wellhead space, to have such a large and comprehensive SPS contract within their grasp must be satisfying. This is the second major award for Dril-Quip from Premier Oil after winning the operator's Greater Catcher SPS back in 2014. While similar in scope, the Sea Lion award would cover 23 subsea trees, controls and wellheads along with manifolds and associated umbilicals. Successfully executed contracts as comprehensive as this definitely add to the depth of Dril-Quip's experience and capabilities.

next leg up should be 65p

this share is being compressed more and more as we see the oil price rise and this remain stagnant
I have recommended this company for investment to a number of my friends i think this will without doubt we will see doubling and tripling of the current market value on some news
last year was very unlucky finding water but what investors need to remember there is always failure in drilling for oil and gas, yes the risks can be reduced by surveying and assessing the risk.
I am hopeful that we maintain the oil price or see it touching $90 and with the chance of another farm in partner to pay for newgrange then an oil find could see the value of this company rise into the billions
if this is the case then many holder here i sure could and would retire

0 January 2011



Bowleven plc ('Bowleven' or 'the Company')



Further drilling success with Sapele-1 discovery well



Sapele-1 Exploration Well, Block MLHP-5, Etinde Permit, Offshore Cameroon



Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces that the Sapele-1 exploration well drilling in the Douala Basin, offshore Cameroon has encountered further hydrocarbon-bearing pay in both the Tertiary and Cretaceous objectives based on the results of drilling, wireline logs, samples of reservoir fluid and pressure data.



The well was designed to intersect multiple stacked objectives of Tertiary to Cretaceous age. Wireline log evaluation indicates all of the five objectives to be hydrocarbon-bearing with net pay confirmed in three, based on fluid samples. The well has reached a current total depth (TD) of 4,539 metres and the intention is to set liner and drill onwards, subject to attaining various approvals, on completion of current logging activities.



Highlights



· All five target objectives indicated to be hydrocarbon-bearing from log evaluation; net pay confirmed in three post sampling.

· Increased oil in-place estimates for Deep Omicron; P90 to P10 now 65 to 430 mmbbls.

· Cross-cut objective encountered 4 metres of log evaluated net hydrocarbon pay.

· Gas condensate encountered in Epsilon Complex validates Cretaceous prospectivity; extends play fairway significantly offshore.

· Further Cretaceous reservoir potential identified; Sapele-1 drilling planned to continue on completion of current logging activities.

· Epsilon Complex volumetrics to be updated following integration and evaluation of extensive well data.

· Preparing for testing and subsequent appraisal drilling/sidetrack activity.

· Group cash at 31 December 2010 circa $190 million; well positioned to fund forward work programme.

Drilling update



The Sapele-1 exploration well location, on block MLHP-5 in the Etinde Permit, was selected to intersect multiple independent exploration targets from the proven Miocene fairway down to the deeper Cretaceous fairway from a single location. This required that a number of the targets be intersected at sub-optimal locations. Consequently, while the well has confirmed the prognosed targets as hydrocarbon-bearing, this is believed to have occurred at the extremities of Lower and Deep Omicron and the Cretaceous Epsilon Complex.



Since the announcement on 25 November 2010, the well, which is drilling in shallow water depths of around 20 metres, has been drilled to a current TD of 4,539 metres and has drilled through the Cross-cut event and into the Cretaceous.



A principal objective of the Sapele-1 well was to prove the concept of the Cretaceous play offshore Douala Basin. The well has now confirmed the presence of reservoir and hydrocarbons in the Cretaceous, offshore Douala Basin, and as a resu

Hikma shares rising again today VEC reducing
at this price and valuation then this has got to be attractive to a few competitors out their, good turnover great pipeline of opportunities and vert profitable
short interests reduced to 1%

GLA

dennis good call it does look like a tree shake though the daily volume with this share has practically doubled since April Apollo could still be taking a large chunk of this only to get a better deal later in the year if there are any interested parties then this is ultimately the time to strike i think £1.20 a share and they would get acceptance form the majority of shareholders

Rivendel if you are gonna post something try to make sure its uptodate news not months and years old are you trying to spook investors or just being a pr k 70p next stop on the journey GLA

Apollo i would imagine are back sniffing around,this company is worth a lot more than the current valuation, i would imagine that somebody will buy this soon enough and break it up into profitable chunks and make a fair few pounds in the process there have been a huge amount of trades over the past few weeks and a lot of support around the 90p level the deal could be going through that there is a big buyer and he is restricting his price to 94p until he accumulates a substantial amount of shares GLA take over is on the cards

whats the chances of trenatlia putting in a bid for first group i reckon they might be considering it now, they are looking to grow their overseas business model and this gives them exposure to USA and UK and at a cheap price they can pick this lot up cheaper than FGP bought the whole of the USA division

great link thanks

i understood they could apply a take over again if there was a major change in circumstances the major change is that Tim Otoole is no longer therehe was the blocker in the first instance

this is a great buying opportunity Apollo and the Italians sniffing around June will be a very interesting month i can see Apollo coming back in with a revised offer within the next few weeks great company to break up

feel free to take this over �1.40 a share is good for me

Ralf such stupid statement you just made not justified just meaningless are you thick the reason for the initial rise is that the oil price has risen substantially and sub sea projects are now getting the attention they deserve, the project sign off is imminent and this will be highly prosperous when production begins, Both PMO and RKH have been working in the back ground to ensure fast turnaround when the finance is approved there has been a small dip over the past few days as the oil price has dipped to on the decision of saudi and russia to resume oil production the demand for oil should continue to outstrip supply as the growth in the world economies is positive hence the decision from Saudi and Russia to increase supply I would expect this to float around the 35 -45 range until a final decision is made the i would expect a jump to around 80 -100 what you have to remember is that there is huge resources of oil in the Falklands and this is virgin territory for the oil companies

somebody interested in this Apollo were the instigators trntallia could be the jumping in before anybody else does this is very cheap we would easily expect �150 with the potential for �2 a share

hold there is an update due coldest winter both here and in the states profits will be up and more importantly above analyst expectations 160 + coming before end month gla

trenitalia has plans to grow both the UK and global market by acquisition they have substantially increased their stake in the UK bus and train operator First Group. this could be the main reason for Apollo not going forward as Trenitalia are on the acquisition trail and First Group tick all the correct boxes Apollo investment group would not have managed to get all the shares due to the majority holding from trenitalia

the deal is off ?

when the price keeps going up news only causes people to sell

people realising the value of this share then now �2 here we come