Decent article and well worth a read. It’s worth noting that 2010 also saw sharp equity price increases in the second half and with the possibility of the DEBT issues both in US and Greece being agreed/sorted – it certainly does clear the way for more ‘risk on’ investing. ……………………………………………………………………………… by Matthew Goodburn on Jul …
2011 July
Firestone raise £13.5 million via Placing
There’s not hiding from the fact that Firestone have failed to deliver on the forecasts of 9 tenders in diamond sales for 2011. It’s disappointing when companies miss expectations and even more disappointing when they come back to the market cap in hand. The recent placing really should enable them to execute on their growth …
CAZA OIL & GAS – Ops Update
A bit of a bonus for Caza shareholders as news on OB2 came out yesterday from verus (partner) and today – Caza has updated on another drill on the San Jacinto property. It’s all about flow rates of course and these should be known soon. I was expecting OB2 update from CAZA after verus’s update. …
Afren Kurdistan Presentation
Very interesting read. The second block which Afren have a 20% stake in is very close to GKP’s Shaikan. Pdf presentation can be accessed Kurdistan_region_of_Iraq_pres_270711
Oil group Afren to buy Kurdistan stakes for $588 mln | Reuters
This is big news. The kurdistan land grab appears to have started already. Earlier today PetroCeltic also announced that they were entering into a licence deal in Kurdistan – see link here. There is some doubt still remaining around the oil law debate between baghdad and the kurds which may have an effect on PSC’s. …
Guide to DECC process
For those that are not aware of the DECC process, the below chart makes for easy reading. Click on pic to enlarge