GGR: GeoGlobal Resources Inc [was GEOG was BOWG] (2000 + )

Top 696. Jul 25, 2005 9:17 AM

» Kirk - GGR managed to bag the Cambay Block CB-ONN-2003/2

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CB-ONN-2003/2 under NELP-V: GSPC-led consortium nixes eight others to win the Cambay onland block

July 25: The GSPC-GAIL-Jubilant Capital-GeoGlobal Resources consortium has managed to bag the Cambay Block CB-ONN-2003/2 under NELP-V due to its superior work programme in relation to eight others who were also vying for the block. In terms of ranking of bids, the GSPC bid was followed by the IOC-Exspan Exploration and Production International Ltd consortium, Reliance Industries Ltd, Geopetrol International-NTPC combine, ONGC, Adani Port Infrastructure-Welwyn Resources syndicate, Beach Petroleum, HOEC-Tata Petrodyne and Assam company Ltd-Gammon India Ltd combine. GSPC has committed a total of 24 exploratory wells under the minimum work programme (MWP). Out of the 24 wells, 14 exploratory wells will be spud in Phase-I of the MWP. GSPC scored a whopping 50 points for its Phase-I MWP, outscoring other bidders. The company has proposed to drill four wells ( Two wells of 2,500 metre and two wells of 3,000 metre depth) in Phase-II. Six exploratory wells (Three wells of 2,500 metre and three wells of 3,000 metre depth) have been committed in Phase-III. Both Phase-I and II will be of three years duration, while Phase-III will be for one year. CB-ONN-2003/2 is spread across an area of 448 sq km. The entire block is covered by geomagnetic surveys. GSPC will reprocess 650 lkm of seismic and shoot another 448 sq km of 3D seismic data in the block. The government's share in the total project NPV works out to 55.61% in the block.

As of 7/23/05, the Total Return for "Kirk's Newsletter Portfolio" since 12/31/98 is 174%.
(Up 5.7% YTD vs QQQQ down 1.3% YTD)

As of 6/30/2005 since 12/31/98

 
                                Total   Annual   2005   
                               Return   -ized    YTD
My newsletter portfolio is    up 163.1%  16.0%   1.3% 
While they S&P500 is only     up   5.9%   0.9%  (0.9%)
and the Nasdaq Composite is  down (6.2%) (1.0%) (5.4%)
QQQQ – NASDAQ100 ETF              NA       NA   (7.9%)
and Warren Buffett's BRKA is  up  19.3%   2.8%  (6.4%)

BKRa is Legendary Warren Buffett's Berkshire Hathaway
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-- posted by Kirk

Top 697. Jul 27, 2005 6:12 PM

» Hu - Whoa !!! Are you sitting down?

Check this out:

News Story

CBOE To List Options On Dobson, GeoGlobal Thursday
5:29 PM ET July 27, 2005
(MORE TO FOLLOW) Dow Jones Newswires

-- posted by Hu

Top 698. Jul 27, 2005 7:58 PM

» SteveT - Re: Whoa !!! Are you sitting down?

In response to Whoa !!! Are you sitting down? posted by Hu:

According to my calculations, today was trading day 20 with a close above $4.00. Nellie bar the door.

-- posted by SteveT

Top 699. Aug 12, 2005 8:53 AM

» Kirk - Phase-I ends, GSPC moves application for extension of work progr

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KG-OSN-2001/3: Phase-I ends, GSPC moves application for extension of work programme

August 11: Gujarat State Petroleum Corporation (GSPC) has moved an application with the Directorate General of Hydrocarbons (DGH) seeking an extension of six months for completing the MWP of Phase-I in Block KG-OSN-2001/3 in the Krishna Godavari basin. GSPC recently struck a huge amount of gas in the prospective block. The delay in completing the MWP in Phase-I has been due to non-availability of a jack-up rig, company sources told this website on Thursday. The first phase of the minimum work programme (MWP) in Block KG-OSN-2001/3, which commenced on February 4, 2003, is coming to an end in the first week of September 2005. According to the production sharing contract (PSC) for the block, Phase-I work programme is for a period of two-and-a-half years. GSPC is committed to drill a total of 14 exploratory wells in the block. Of the four wells planned in Phase-I, the first two wells -- KG-1 and KG-11 -- turned out to be dry but the third well, KG-8, drilled to a depth of 5,061 metres, encountered gas in four zones and has proven to be a major discovery for the consortium. GSPC has plans to drill one more exploratory well in Phase-I.
By Sadiq Shaban of http://indianpetro.com/

-- posted by Kirk

Top 700. Aug 12, 2005 9:09 AM

» Kirk - GGR Charts

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Bookmark this URL for GGR Charts: http://6URL.com/GGRCHARTS

GGR Charts

2 Days – 5 minute Interval
<img width=520 height=468 src=http://www.marketwatch.com/charts/int-ad... >

5 Days – 15 minute Interval
<img width=520 height=468 src=http://www.marketwatch.com/charts/int-ad... >

10 Days - Hourly
<img width=520 height=468 src=http://www.marketwatch.com/charts/int-ad... >

YTD – Daily
<img width=520 height=468 src=http://stockcharts.com/def/servlet/Sharp... >

Since 1/1/99
<img width=430 height=218 src=http://chart.bigcharts.com/bc3/intchart/... >

URL for GGR Charts: http://6URL.com/GGRCHARTS

For more coverage on GGR, along with my buy and sell points to try and profit from its volatility, subscibe to my newsletter today!

-- posted by Kirk

Top 701. Aug 15, 2005 9:11 AM

» Kirk - GeoGlobal Announces Award of Two NELP V Blocks

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AUGUST 15, 2005 - 11:48 ET http://6URL.com/GGRCHARTS

GeoGlobal Announces Award of Two NELP V Blocks

CALGARY, ALBERTA--(CCNMatthews - Aug. 15, 2005) - GeoGlobal Resources Inc. (AMEX:GGR) reported today that it has been confirmed as being awarded participating interests in two new onshore Exploration Blocks in India under the Fifth round of the New Exploration Licensing Policy (NELP-V) bidding which closed on May 31, 2005. These blocks include Block 12 under NELP-V (DS-ONN-2003/1), which covers an area of approximately 3,155 square kilometers (sq. km) onshore in the Deccan Syneclise Basin located in the northern portion of the State of Maharashtra in west-central India and in which GeoGlobal will hold a 100% participating interest ("PI") and be the operator. Also included is Block 11 under NELP-V (CB-ONN-2003/2), which covers an area of approximately 448 sq. km onshore in the State of Gujarat south-east of GeoGlobal's three Cambay blocks. GeoGlobal is part of a consortium and holds a 10% PI in Block 11. Gujarat State Petroleum Corporation is the operator and holds a 50% PI, with the remainder held by GAIL (India) Ltd. and Jubilant Capital Pvt. Ltd.

The Production Sharing Contracts ("PSC") for these blocks are expected to be signed on September 30, 2005, in New Delhi, India. The PSC's expected to be entered into will each provide for specified work commitments to be performed over three phases over a period of a total of seven years. Under the PSC for Block 12, the Phase I work commitment is to conduct a gravity and magnetic ground survey, geochemical survey and acquire a 12,000 line km aeromagnetic survey. In Phase II we are to acquire 500 line kms of 2-D seismic and drill 1 exploration well to 1,500 meters or 500 meters below the Deccan trap. In Phase III we are to acquire 250 sq. kms of 3-D seismic and drill 2 exploratory wells to 2,000 meters. Under the PSC for Block 11, the work commitment is to reprocess 650 line kms of 2-D seismic, conduct a geochemical survey, acquire 448 sq. kms of 3-D seismic and drill a total of 24 exploration wells to various depths between 1,500 and 3,000 meters. The Company will be required to fund its proportionate share of the costs incurred in these activities estimated to be approximately US$9.5 million over the seven years.

GeoGlobal Resources Inc., headquartered in Alberta, Canada, is a US publicly traded oil and gas company, which through its subsidiaries is engaged primarily in the pursuit of petroleum and natural gas through exploration and development in India. Since inception, the Company's efforts have been devoted to the pursuit of Production Sharing Contracts with the Government of India. The Company is currently focused on the development of high potential exploration targets in the Krishna Godavari basin, the Cambay basin and the Deccan Syneclise basin areas.

Cautionary Statement to Investors

This press release contains statements .....
see http://www.ccnmatthews.com/news/releases...

-- posted by Kirk

Top 702. Aug 18, 2005 7:50 AM

» Kirk - GeoGlobal Announces Proposed $13.0M Financing

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Press Release Source: GEOGLOBAL RESOURCES INC.

GeoGlobal Announces Proposed $13.0M Financing
Thursday August 18, 10:02 am ET

CALGARY, Alberta--(BUSINESS WIRE)--Aug. 18, 2005--GeoGlobal Resources Inc. (AMEX:GGR - News) announces that it has entered into a letter agreement in which it proposes to offer for sale, on a best efforts basis, by way of a private placement of up to 2 million units ("Units") of the Company's securities for aggregate gross proceeds of US$13,000,000. Each Unit will be sold at a price of US$6.50 with each Unit comprising one common share and one half of one common share purchase warrant where one full purchase warrant will entitle the holder to purchase one common share for US$9.00, for a term of two years from the closing of the offering.

In connection with the offering, the Company will pay a 6% fee on the gross proceeds, amounting to US$780,000, raised in the offering and will issue broker compensation options entitling the holder to purchase Units equal in number to 6% of the aggregate number of Units sold in the offering amounting to 120,000 Units. These Units granted as compensation options will have the same terms as the Units sold in the offering.

The purchase warrants are subject to an accelerated expiration in the event that the trading price of the Company's common shares trade at US$12.00 or more for 20 consecutive trading days, provided that the resale by the holders of the securities comprising the Units has been registered under the US Securities Act of 1933 (the "1933 Act"), and the hold period for Canadian subscribers has expired. In such event, the warrant term will be reduced to 30 days from the date of issuance of a news release announcing such change to the warrant term.

The proceeds from the transactions will be used to further the Company's oil and gas exploration activities in India and for general corporate and administrative purposes.

The securities are intended to be offered in the provinces of Ontario, British Columbia and Alberta in Canada, such states of the United States where the offer may lawfully be made and other jurisdictions outside of Canada and the United States.

The offer and sale of the Units by the Company will not be registered under the 1933 Act and the Units, common shares and warrants will be restricted securities and may not be reoffered or resold in any jurisdiction absent registration under the 1933 Act or an applicable exemption from the 1933 Act registration requirements. This press release shall not constitute an offer of the securities for sale in any jurisdiction.

It is contemplated that the Company will file a registration statement under the 1933 Act to register under the 1933 Act the reoffer and resale of the securities comprising the Units. If the Company has not filed the registration statement within 60 days from the closing of the offering, each holder of Units will also be issued one right for each Unit entitling the holder to be issued 0.10 of a Unit for nominal consideration.

Cautionary Statement to Investors

This press release contains (see the rest at http://biz.yahoo.com/bw/050818/185346.ht... )

-- posted by Kirk

Top 703. Aug 18, 2005 7:56 AM

» Kirk - New Warrants Are a New Resistance Level at $9

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I see it as a 1M share resistance at $9.

See if you agree.

If you have 2X sharess long at $6.50 and hold X warrants, then if the stock goes to $9 you can sell your 2X shares @ $6.50 for a nice gain and then safely short X shares at $9 .

If the stock goes up, you get nothing since you can exercise the warrants to cover the short. If the stock drops, you can cover using the warrants for a nice gain.

-- posted by Kirk

Top 704. Aug 18, 2005 9:28 AM

» lcha - Re: New Warrants Are a New Resistance Level at $9

In response to New Warrants Are a New Resistance Level at $9 posted by Kirk:

Kirk,
If all you can sell are the 'units', then, when you sell the $6.50 shares at $9.00, let's say, you also 'sell' the warrants, so they are no longer available.

If you can sell the parts of the 'unit' seperately, then the scenario you describe seems valid. It also seems unlikely that deal would be agreed to.

-- posted by lcha