A comprehensive operational update from GKP which comes off the back of a very good SH-4 test update last week. Both Sh-5 and 6 wells are progressing well. It’s worth noting that on March 12th (last ops update) SH-5 was at 1730m, which suggests that the drill bit has accelerated quite a bit as almost …
2012 April
MXP – NUR-1 Drilling Update
Good news for MXP shareholders as MXP circumnavigate the lost drill tools and get back to drilling through the seal and towards the target zones. This really is an exciting period for the company and with 467mmboe (p50) up for grabs with 100% interest – it’s a major surprise that the market is not at …
2012 Hotlist Results – Week 17
Week 17 of 2012. Earning season continues to blow the estimates away. Apple’s results were truly astonishing. The markets bounced back buoyed by estimate busting results from many of the large bellwhether stocks suggesting that corporate america in particular is on track to sustain growth. But these numbers are for the last quarter and things …
Merril Lynch/BoA broker note – Bowleven
Interesting note from Merril’s on Bowleven. They cite the valuation gulf as being unwarranted which many investors will agree with. But what’s interesting is that the discount of circa 60% seems to mirror that of Xcite Energy, another stock that has plenty scratching their heads on pricing. Both stocks share quite a bit in common. …
Xcite Energy – Reserves Data and Funding Strategy
The Xcite energy script ‘How to get the Bentley from A to B’ was revealed today. It’s thanks to the strict regulatory nature of the canadian stock exchanges who insist on quarterly updates and detail that outs to shame the shambles and embarrassment that AIM and the LSE has become. Investors deserve greater ‘clarity’ and …
PetroCeltic – Final Results
2011 was a great year for PCI. You wouldn’t know it by looking at the sp but that’s more a story of 2011′s broader debt/economic woes than any company specific operational progress. For a company that has already demonstrated the value of their asset through the drill bit but also via the farm out process …