Marokossa jotain?

Vermilion Energyn joulukuun presentaatiosta

Mo Rocca haastattelee Dennis Frazin takapuolta:

Puuttuva sentti, uusi tirehtööri ja nyse-listaus

Vermilion Energy Inc. Announces Dividend Increase, France Acquisition, Production and Capital Guidance, Initiation of NYSE Secondary Listing and Appointment to Board of Directors

"Vermilion has entered into a definitive agreement with ZaZa Energy Corporation ("ZaZa") whereby Vermilion, through certain of its wholly owned subsidiaries, will acquire 100% of the shares of ZaZa Energy France S.A.S ("ZEF") (the "Acquisition") for approximately US$86 million, subject to customary closing adjustments, including working capital. ZEF's operating interests cover approximately 24,300 acres and 100% working interests in the Saint Firmin, Chateaurenard, Courtenay, Chuelles, and Charmottes fields in the Paris Basin. Current production is approximately 850 bbl/d of light Brent-based crude oil (approximately 27˚API). Proved plus probable developed producing reserves(3) at December 31, 2012, as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"), were estimated to be approximately 6.3 million boe with a reserve life index of over 20 years, reflecting the low decline rates of the acquired assets. The Acquisition is subject to customary conditions and receipt of all necessary regulatory approvals. Acquisition metrics of approximately US$101,000 per boe/d and US$13.65 per boe of proved plus probable developed producing reserves continue to reflect the high netback, long-life nature of the acquired assets. The Acquisition will be financed with existing bank debt capacity. Following closing of the Acquisition, Vermilion will continue to maintain considerable financial flexibility, with approximately $500 million of remaining borrowing capacity and a net debt-to-fund flows from operations ratio of approximately 1.2 times, which remains well below our peer group average."

ja

"Vermilion further wishes to announce that it has initiated the process with the NYSE Euronext for a secondary listing of the Company's common shares on the NYSE Euronext's New York Stock Exchange ("NYSE"). Listing will be subject to fulfilling all of the listing requirements of the NYSE. Pending receipt of all applicable exchange and regulatory approvals, the Company expects its common shares will be listed on the NYSE during the first quarter of 2013 under the ticker symbol "VET""

ja

Including the Acquisition, Vermilion's capital program for 2013 is anticipated to deliver production growth of approximately 6%, resulting in average daily 2013 production between 39,000 to 40,500 boe/d. We project that our product mix will be approximately two-thirds weighted to oil and natural gas liquids, with the remainder split roughly equally between Canadian natural gas and high-netback European natural gas (which has received an average price greater than US$9.50 per mcf thus far in 2012).

Zazan toimintojen osto ei ollut yllätys, kun myyntihalut oli tiedossa, realistisia ostajakandeja oli vain pari ja VET näistä ylivoimaisesti todennäköisin. Myyntihinta ei näytä pahalta, kun on kyse Brent-hinnoitellusta tavarasta. Koskaan ei tietenkään tiedä mitä kivaa Ranskassa keksitään maan harvoille öljyntuottajille kiusaksi.

Marinosta VET-mies

Vermilion Energy Inc. Announces Senior Management Appointments

Vermilion is pleased to announce the appointment of Anthony Marino as Executive Vice President & Chief Operating Officer, Gerard Schut as Vice-President of European Operations and Terry Hergott as Vice-President of Marketing.

Vähän oudohko siirto Marinolta, kun vaihtaa yhtiön huipulta pienemmän yhtiön COO:ksi. VETin tj Donadeo on vain 5 vuotta Marinoa vanhempi, mutta kaipa hän on astumassa sivuun yhtiön johdosta vuoden tai parin sisään. Vermilionilta hyvä siirto. 


Jotkut arvelivat että olisi ollut menossa Nexenin pääpallinhaltijaksi, mutta ei.

VET löysi tuoreille anti-rahoille käyttöä

VERMILION ENERGY INC. ANNOUNCES ACQUISITION OF OIL PRODUCING PROPERTIES IN FRANCE

Vermilion Energy Inc. (“Vermilion” or the “Company”) (TSX – VET) is pleased to announce that it has entered into definitive
purchase and sale agreements with Total E&P France (“Total”) whereby Vermilion, through its wholly owned subsidiaries, will acquire certain working interests in six producing fields located in the Paris and Aquitaine basins in France (the “Acquisition”). The Assets (as defined below) are expected to average approximately 2,200 boe per day of production in 2012, weighted 86% to high quality Brent based crude, and add an estimated 6.7(1) million boe of proved plus probable reserves (96% crude oil) . Taking into consideration an effective date of January 1, 2011, customary closing adjustments, and an anticipated closing in late January 2012, the cash to close the Acquisition is currently estimated at approximately C$115 million. The Acquisition remains subject to customary conditions and receipt of all necessary regulatory approvals.

Vermilion keräsi muutama viikko sitten neljännes miljardin verran annilla(jossa osakkeen hinta oli kymmenyksen tuoreinta noteerausta korkeampi) ja kun yhtiön tase ei tuon kokoista rahankeruuta vaatinut odotettavissa oli että jotain aikovat hankkia. Hankinta on luonteva ja hinta kohtuullinen, mutta ei reserveihin nähdä halpa. Kumpi lienee ollut aloitteellinen? Totalin tiedote viittaisi siihen että myyjä. Toivon mukaan tässä on VETin kannalta kyse opportunismista, eikä tässä kompensoida Corrib-projektin uusia viivästyksiä.

"France May Revoke Shale Oil Permits in October, Minister Says"

Bloomberg:

France may quash permits to explore for oil and natural gas in shale under the country’s hydraulic fracturing ban as soon as next month, according to Environment Minister Nathalie Kosciusko-Morizet.

Oil and gas companies that were planning to explore for shale hydrocarbons under previously granted licenses have until Sept. 13 to inform the government whether they plan to use the technique known as fracking, the minister said in an interview at a conference outside Paris.

“After that we have one month to decide the fate of the permits,” she said. “If a company says it’s planning to use hydraulic fracturing, their permit will be canceled. It’s the law.”

Perusteet, joilla lupia meinataan viedä vaikuttavat aika epämääräisiltä. Tuskin tämä on pysyvää. Pohjois-Amerikassa on frakattu tuhansia kaivoja ja vahinkojen määrä on olematon. Pelkoa ja hysteriaa on Amerikassakin, mutta noiden tunnetilojen saavuttaminen ei edellytä todellista uhkaa.

Paneelilinkkinäpistys

Paneeleita niin perkeleesti. Verkosta varmaan löytyy parempikin linkki, tässä on huono lista. Listat paneelien osanottajista eivät todellakaan ole tyhjentäviä. Kirjoittaudu sisään yhteen niin pääset kaikkiin.
RBC Global Energy & Power Conference(pidetty 6-7 kesäkuuta):

Emerging Oil Sands Panel
(Athabasca Oil Sands, Connacher, Laricina, Silverbirch Energy)

Canadian Unconventional Gas: Growth in the Great White North
(Advantage Energy, ARC Res. Paramount Res. Trican)

Eagle Ford Shale: It is Really Hot in South Texas(Credo Oil & Gas, Talisman, Rosetta Resources(aka Lil' ol' Rosetta))

Senior Oil Sands Panel

Established and Emerging Oil Plays - U.S.(Linn Energy, Sandridge, Marathon Oil, Whiting Pet.)

Established and Emerging Oil Plays - Canada(Baytex, Longview, Pengrowth, Penn West; Swan Hillsistä, Sealin raskaasta jne.)

Seismic Panel
(CGGVeritas, PGS, Geokinetics)

International Unconventional Outlook(Toreador)

Williston Basin: Expanding Opportunities (Brigham Explo. Cont.Res, Crescent Point, Enerplus, Oasis Pet.)

Midwest Refining Margin Advantage: How Long Will It Last?(Holly, Tesoro)

Navigating the Political | Regulatory Minefield: Offshore Post-Macondo and Onshore Fracing (Energy North America LLC)

Appalachian Shale: Established and Emerging Plays(EQT Corp.)
Equipment/Services: Changing Landscape Onshore & Offshore(NOV, Rowan, Noble Corp.)

Cardium Oil: Understanding a Massive Light Oil Opportunity(Vermilion, Daylight, Calfrac)

Suuri uutinen Ranskasta

France told to save the great hamster

PARIS: France has been punished for not taking proper care of its hamsters.

The Court of Justice in Luxembourg, the European Union's highest court, has ruled France failed to protect the great hamster of Alsace, sometimes known as the European hamster, the last wild hamster species in western Europe. If France does not adjust its agricultural and urbanisation policies to protect it, the court said, the government will be subject to fines of millions of euros.

Kauhiata. Karvaturreista eivät pidä huolta, mutta frakkaus kiellettiin pikavauhdilla. Sen pituinen se tarina tai ainakin ensimmäinen luku.

"France shale permits to be 'scrapped'"

Upstream:

French Prime Minister Francois Fillon said today that permits granted to explore potential shale fields in France must be cancelled and that the whole issue must be reviewed from the start.

TRGL näyttää ottaneen hieman nenukkiinsa. Itselläni salkuissa Lundinia ja Vermilionia, mutta näissä yhtiöissä on runsaasti substanssia ilman Liasin tiukkaa öljyä, joten niiden kurssit eivät tähän ole reagoineet mitenkään.

Ruottalainen Tethys Oil ilmoitti tänään hankkineensa reilun kolmanneksen osuuden Paris Basinin itäpuolella olevasta blokista. Tiedotteessa mainitaan jostain syystä kahdesti "conventional oil". Yrittävätkö vakuutella paikallisia vai vihjailla sijoittajille jotain?
Olen muuten ollut jo neljä vuotta Tethyksen postilistalla, mutta en ole missään vaiheessa omistanut yhtiötä. Ainuttakaan toimariakaan en ole osakkeista tehnyt.

Tällainen pätkä tuli vastaan viime viikolla:

A joint French Ministry press release issued on February 11,
2011, indicates that Vermilion is currently producing
approximately 63 boe/d from two previously stimulated vertical
wells in the Liassic shale in France. VET has approximately
176,000 net acres of land in the Paris basin and is in the process
of acquiring rights to up to 636,000 additional net acres.

Vermilion & Lias

Q3-tiedotteesta:

"On the LIAS shale oil play in France, Vermilion has fracture stimulated two suspended wellbores in 2010. The wells are currently producing oil and the Company is gathering reservoir data. In addition to the 175,000 acres currently held on this play, Vermilion has applied for an additional 636,721 acres. The final awarding of the additional acreage is expected to occur by year end 2010."

Lias

Ranskan Bakkeniksi kutsuttu muodostelma:




Listtatuja pieniä ja keskikokoisia, jotka ovat mukana tällä hetkellä:

Lundin(SSE: LUPE)
Realm(Venture:)
Toreador(Nasdaq: TRGL )
Vermilion(TSX: VET)

Noiden lisäksi muutamilta juniori-sarjan yhtiöiltä löytyy oikeuksia potentiaalisimpana pidetyn alueen ulopuolelta(mm. Sterling Resources ja Elixir Petroleum). Melkein kaikki yrittävät lisätä oikeuksiensa määrää tällä hetkellä, mutta kaikki tuskin saavat haluamansa lisäoikeudet.

Liasiin liittymätön BNK Petroleum sai emissiolla 60 miljoonaa dollaria Sorosin Quantumilta muutama viikko sitten ja Realm tiedotti torstaina saaneensa 6 miljoonaa samalta taholta.

Linkkejä(uutisia & geologiaa):

Paris Basin Shale Oil Could have more recoverable oil than the Bakken oil field(syyskuu 2010)

Paris Oil Drillers Target 100 Billion Barrels Near Brie, Wine(lokakuu 2010)