Davy Broker note on Providence Resources Barry Roe success. The flow test is the big news and is yet to arrive (in next 10 days) but all other indicators have been pretty much spot on. Unfortunately for San Leon, they will be regretting the deal they signed in late Dec 2011 where they gave away …
2012 February
Max Petroleum – Successful Appraisal Well Drilled in Sagiz West Field
Great news for MXP today as SAGW-3 comes in a success. The update also guides on the monster that is NUR-1, with TD now expected around end of April (circa 8/9 weeks off). The company should be heading into the first target zones within the next couple of weeks. The weather update should be a …
2012 Hotlist Results – Week 08
Week 08 of 2012. Week 8 delivered few surprises in the broader markets with Greece finally getting their 130bln payout. As mentioned on a number of occasions, Iran issues are not likely to go away soon and should dominate 2012. Higher oil prices not only place a strain on any global recovery, but they also …
Shell offer for Cove trumped by PTT’s £1.12bn – The Independent
It’s great to see the O&G sector back in demand and takeover fever perhaps demonstrates the huge gap between current equity prices and the potential acquisition values. IOC’s and Super majors are looking for cheap reserves and contingent resources to bolster their supplies. The world is fast running out of the Oil and Gas and …
PTT Exploration – Proposed Cash offer for Cove Energy PLC Cove | Reuters
wow! Shell’s bid has been outdone as PTT offer 220p for COVE. And analysts were saying that they thought Shell had paid at the high end. It just goes to show how ‘low’ the analysts expectations are post 2011. Whilst we are far from being out of the woods – the fact that Oil is …
Could Petroceltic be on Genel’s buy list?
Genel reported yesterday that they are keen to use their $1.9bln in cash war chest and cited that they would seek to use their Turkish connections to their advantage. Turkey is fast becoming a large GAS player in Europe and this could increase as Kurdistan opens the door further to exports. Yesterday, Mr Hayward said …