2012 April

Shell upped their bid for Cove Energy today to 220p which the Cove BoD’s have unanimously backed. Other bidders are said to be thinking through their options. Cove has been in talks for sometime now since the first Shell bid at 195p. In april the company successfully completed the appraisal Drilling At Barquentine-4 adding more …

Interesting article and one to keep an eye on. I’m sure all investors would like to see greater transparency and it’s about time the often deep and dark Oil&Gas business got itself into a better light. …………………………………………………………………… By Zhang Tao | MarketWatch – 23rd April 2012 WASHINGTON (Caixin Online) — An intense lobbying campaign is …

I wouldn’t normally post shoddy broker notes – but the one from Investec needs some airing if only to expose them for their woeful research and attention to detail. Firstly – Whilst I would be delighted with 24mln barrels per day, I think they actually mean 24kbopd (which is clear from GKP’s RNS) and regardless …

From Mirabaud brokers this morning on BOR’s Early Darwin EAST Well results. I think they are getting slightly ahead of themselves with the 450p upgrade – but agree that if the exploration continues to go well in the southern region, then prices near that level will be very likely indeed. A long way to go …

After much speculation in the press and city, BOR have delivered the news to the market and it’s huge in the context of the Falkland Islands. The Darwin well established a new hydrocarbon basin in south which when combined with RKH’s finds in the north – really does light up the region. As with any first …

“Tell me something that I don’t know” seems to be the challenge that GKP have set out to answer with SH-4 tests. The company already knows that they have high quality oil reservoirs via the electric logs data and previous wells on the Shaikan block. The market knows this too as does any future buyer …