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NOC head Nuri Berruin will open London oil forum
By Libya Herald staff.
Tripoli, 31 March 2014:
Organizers of the 3rd New Libya Oil & Gas Forum which will take place in London between 29-30th May have revealed that Nuri Berruin, the Chairman of Libya’s National Oil Corporation (NOC) will be opening the event.
The NOC was already endorsing the forum and the organizers reported that the NOC Chairman will be delivering a keynote speech on the vision of the NOC, significant new developments in Libya and will assess both short term strategic plans for the corporation as well as for their current and future partners.
Other speakers listed include Daniel Kawczynski, Chairman of the All Party Parliamentary Group for Libya and Abdelaziz Alrezki, Exploration Manager at Sipex Libya.
For more information visit: http://www.libyaoilgas.com/
Read more: http://www.libyaherald.com/2014/03/31/noc-head-nuri-berruin-will-open-london-oil-forum/#ixzz2xZxE13rH
ARIA looks good! Nice little mini double bottom at $7.35.
Yes about HDY. Should be able to get at least 20% from the current price within the next 6 weeks.
PEIX in after hours was $11.50 Up $2.47 (27.35%)
No, I didn't get back in ARIA. No time to trade really. Swamped at work. Best of luck with it. $10 coming soon!
I agree that ARIA will be heading over $10, but I sold this morning at $9.12 for a 27% gain in 9 days. I figured it was up 10 days in a row at that point. I can always get back in if it pulls back a little more early next week. You've been all over this one though
Definitely
Textbook bounce off the 20 day moving average today in regular trading session.
Thanks Dad
Thanks. Yes, the recent uptrend should continue. Will be interesting to see if ARIA can break $10 next week or the following week.
I bought ARIA on Wednesday
Definitely. Nice support at the 20 day moving average, and the 50 day is right below that. Looking for a nice move higher on IPCI.
I don't really follow the IPCI board all that closely. IPCI is a longer-term hold for me.
Cool about ARIA running after hours today. I bought it yesterday
Yes I like HDY and IPCI for continued upside potential
Cyrenaica “prime minister” in talks with government to reopen oil ports
By Ahmed Elumami.
Tripoli, 28 January 2014:
The “prime minister” of the self-styled ‘Cyrenaica government’ Abdraba Abdulhameed Al-Barasi is in talks with the Libyan government to reopen the blockaded eastern oil export terminals.
“The region has three main demands,” Al-Barasi told the Libya Herald. The first is the formation of a committee to investigate the export of Libyan crude without the use of proper counters which detail quantities of oil loaded.
“Our second demand is to form another committee, including members from the three federal regions of Cyrenaica, Fezzan and Tripolitania, to oversee future production and export,” he said.
Mediators from the government, Barasi said, agreed to these first two demands without difficulty.
They have not, however, been able to reach an agreement on the third demand, which is that Cyrenaica should take the profits from oil produced in its region. This demand, Barasi said, was in accordance with Law No. 59 from 1958.
Barasi denied recent media reports that the eastern oil export terminals could restart operations within two weeks. The only way this would happen, he said, was if the government agreed to all three demands.
Thanks CJ! Yeah, but the snow ended too early, so I may go in to work. Looks like we got around 10 inches here.
Classic W-shaped double bottom on WAVX. Let's see if it can break the 50-day at $1.03.
Nice, glad you finally had the patience to hold it for a while. I think HDY should continue to head higher as we head into drilling that HUGE prospect in a few months.
That TV deal you guys got is HUGE!!
Thanks buddy. Nice extension for Kershaw by your Dodgers. 7 years, $215M. Let's see which one of us gets Tanaka!
ANV over $5 in pre-market. Nice call!
Sharara Now Up to 300,000 bpd
Posted on 13 January 2014.
The Minister for Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi] said on Sunday that Libya’s El Sharara field is currently producing oil at a rate of 300,000 bpd.
Peak output at the field is estimated at about 340,000 bpd.
He added:
“We have always been negotiating (with rebels) and hopefully we will come out with a peaceful solution because we don’t want to use force, unless we run out of other solutions.”
He told Reuters that Libya was producing around 650,000 bpd, of which 510,000 bpd was being exported, with the rest used to feed the Zawiya refinery, which is now back to full capacity of 120,000 bpd, and the 20,000-bpd Tobruk refinery.
(Source: Reuters)
Akakus announces resumption of exploration – Sharara field still not productive
By Sami Zaptia.
Tripoli, 4 January 2014:
Akakus Oil Operations, the Libyan partner of Spanish oil giant Repsol, announced yesterday that it has resumed its exploration activity south of Obari, in southern Libya.
This follows announcements by both Total and BP of their intention to resume exploration activities in Libya.
On another note, Akakus said that production would not commence at its troubled Sharara filed until all protestors vacated its field.
Last week it had been announced that Defence Minister Al-Thinni had reached a settlement with protestors and that in a few days production would resume. However, from yesterday’s announcement by Akakus it is clear that some demonstrators are still physically present within the Sharara oil field, which Akakus considers as hindering operations.
The Sharara field, 60 kilometres west of Obari, has a capacity of 350,000 b/d and its oil is piped to the oil terminal at Zawia.
Read more: http://www.libyaherald.com/2014/01/04/akakus-announces-resumption-of-exploration-sharara-field-still-not-productive/#ixzz2pRODawsd
Please add my 100% picks. HDY and IPCI.
Defence Minister Al-Thinni scores another blockade breakthrough at Sharara field
By Jamal Adel.
Tripoli, 1 January 2014:
Protestors who have forced the closure of the Sharara oilfield west of Obari since October have agreed to suspend their action for a fortnight following fresh talks with the Defence Minister, Abdullah Al-Thinni.
According to a member of the committee that has been running the protest for the past two months, Mahmoud Al-Ansari, Al-Thinni met the demonstration committee in Obari and promised to do everything possible to meet protestors’ demands.
Just over a week ago, Al-Ansari told the Libya Herald that the main demand was the removal of Obari’s unelected, old council. There were a number of Tuareg protestors, he admitted, who were demanding to be given Libyan National Identity Numbers, but this was not the main issue.
Today, Al-Ansari said that although the blockade would be lifted, the protestors would remain nearby and would be back again with extra demands if Thinni’s promises proved “unreliable”.
Last month, Al-Thinni, managed to bring an end to the blockade of the Sarir power station in eastern Libya through negotiations with the Tebu protestors who were barricading the road to it.
The Sharara field, 60 kilometres west of Obari, has a capacity of 350,000 b/d. It is run by Akakus Oil, a joint venture between Spain’s Repsol and the National Oil Corporation, and the oil is piped to the oil terminal at Zawia.
Although the issue of IDs is said not to be the main cause for action, it is known to be important. The decision agreed earlier last month but only unveiled this past week to set up a committee to look into the position of people who have not yet been granted a national ID number is thought to have helped end the blockade.
Read more: http://www.libyaherald.com/2014/01/01/defence-minister-al-thinni-scores-another-blockade-breakthrough-at-sharara-field/#ixzz2pEpobWqR
He could sell 8,000 shares every week, and it would take him more than 12 years to unload all of his shares, LOL.