14% rise on Sirius Director share buy and plenty of news to come

Nice 14% rise for Sirius Minerals (SXX) to 21p on further buying after yesterday's York Potash acquisition and also news today that Andrew Lindsay, Chief Financial Officer and Finance Director of the Company, purchased 582,352 ordinary shares in the Company at an average price of 17 pence per share on 17 January 2011.

But the potentially big news is yet to come. The North Dakota potash drilling results and analytics are the key news that will be eagerly awaited in February. Normally after a fairly substantial increase that we've seen this week I would be tempted to "top slice" but I actually invested more in Sirius today following the news of Lindsay's purchase. If all goes to plan, and there's nothing to suggest anything is amiss, 21p will seem like small change.

Sirius looks to be being built as a major global potash producer and we're only at the start of the journey.

Xcite not that exciting this week

Xcite energy (XEL) is stubbornly stuck at a bid of 355p with a wide spread. Market makers not encouraging trades for now with price bouncing off this support. Given it's the 18th of January and deadline for rig signing is end of the month, news can't be far away. But nevertheless pretty dull. At least Sirius Minerals is still moving up with a director share purchase RNS today to 19p.

Rockhopper entry point moves closer

Falkland oilie Rockhopper (RKH) fell about 2 percent yesterday and it is down today about 6p to 366p. Looks like there's a heavy seller in the background looking at level 2. I've put in an order at 350p and I'll see what happens in the next few days. Not rushing in over 360p yet. Patience is the key for a reasonable entry point.

Imagination rumours on Apple Ipad2 chips may be interesting opportunity

I bought into the chip licenser, Imagination technology (IMG),  this morning after reading a lot of specification rumours relating to Apple's forthcoming Ipad2 and IPhone 5 over the weekend. It looks likely that Imagination chips will be in the new devices, with shipment in Q2 2011. For example:

http://www.macrumors.com/2011/01/16/ipad-2-to-sport-a-dual-core-gpu/

"With the rumors of a 2048x1536 high resolution screen for the iPad 2, one question that has emerged is what graphics processing unit (GPU) can adequately power the device. AppleInsider claims that the new iPad (and iPhone 5) will use a dual-core SGX543 GPU from Imagination Technologies.
A source familiar with Apple's graphics strategy says the company will not only be upgrading its video core, but also going to multiple cores, a feature that is designed into the SGX543 design. The most likely configuration of Apple's next custom chip is reportedly the SGX543MP2, which pairs two SGX543 cores to work as one, offering around four times the capability of the previous A4 in graphics and video tasks.

We had previously revealed that the latest iOS 4.3 beta SDK had drivers for the new SGX543 GPU, so it should be no surprise that it is the most likely contender to be the next GPU for the iPad. Meanwhile, when it was first announced it was billed as a very capable multi-core chip:
In other words, the SGX543 can have any number of cores from two to sixteen with no change in the driver software or the application. All that complex data/pipeline/thread management is done in hardware. No muss, no fuss.

If Apple indeed is pursuing a very high resolution screen for their iPad 2, it makes sense that they will also have to comparable upgrade the underlying horsepower of the device. Meanwhile, another rumor had pegged Apple's new A5 CPU to also be a multi-core chip."

Trading on a forward price/earnings (P/E) for April 2012 of 34, IMG is not especially cheap but if the rumours of further Apple deals are true then revenues should come a lot higher than the £127 million pencilled in for 2011/2012.

Winter depression eased by Sirius & York Potash deal

I was reading yesterday that scientifically today is the most depressing day of the year. With the rain pounding down today, I agree with them! But fortunately a couple of good RNS's from Sirius Minerals (sxx) raised the spirits somewhat this morning!

The company announced today that it had agreed to buy York Potash Ltd., which owns mineral rights covering roughly 600 sq km of land in the north east of England for £25 million in shares.

The area in Yorkshire has been producing potash since 1973 and it has been estimated it could contain between 3.3 billion and 6 billion metric tons of polyhalite, a key source of potash, "While the York potash project is still at the early stages of exploration and assessment, the directors believe the potential of the project is significant,"

York Potash's founder Chris Fraser has been appointed as the new chief executive.

With a bit of luck rather than judgement I bought in on Friday with the North Dakota salts story beginning to unfold. So the news today is a welcome and positive surprise. Sirius is currently up 9 percent at around 18p.

Is the Rowan Stavanger the reason for Xcite rig signing delay?

I believe there is a strong chance that Xcite are currently negotiating to take the Rowan Stavanger which is built and ready to be deployed rather than the Rowan Norway rig which was due for completion in October 2011. This would then be potential reason for the Letter of Intent being pushed back another 2 weeks and for the comments from the Xcite management at the oilbarrel conference, "don't worry about the rig". Seems to make much more sense than the company being in takeover negotiations. Would be fantastic news - faster production or further well testing. The jigsaw puzzle looks to be coming together. Looking forward to tomorrow's share price action.

http://www.offshore.no/sak/Rowan_Stavanger_mister_jobb

Rowan Stavanger loses job

Published 12.27.2010 12:25:28 by John Økland

0

The customer withdrew from the letter of intent.

Rowan Stavanger is now without a contract after an unnamed customer has chosen not to make use of a letter of intent. The reason given to be well-engineering problems.

Rowan Stavanger is one of three rigs Rowan gained control of the acquisition of Skeie Drilling, which had ordered three identical jack-up is.

The rig is ready for delivery in January and is listed as vacant in Rowan Companies fleet update.

The other two rigs, Rowan and Rowan Norway Viking, both have appointments in the UK respectively Xcite Energy and Total.

Gasser Felstechnik AG web site confirms completion of Angel Mining Black Angel mine cable car terminal

According to the Gasser web site (thanks for link lazerdial iii) Angel Mining's Black Angel zinc/lead mine now have completed the installation of the cable car terminals and excavating rock faces. The cables and other equipment will be installed in Q2, funded with revenues from the Nalunaq gold mine, a major step in the commissioning of the mine. (http://www.felstechnik.ch/de/felssicherung/abgeschlossene_spezialarbeiten).


Completed Project Reports:

Building:		Black Angel Mine
Location:		Maarmorilik, Greenland
Sponsor:		Garaventa AG 6343 Rotkreuz
Power:		- Create Zugsliege - Div. Demolition Steel - Felsabträge - Rock Support

Rockhopper well spud puts its back on my watch list

Yesterday Rockhopper (RKH) announced it had spudded the 14/10-3 well on its PL032 licence in the North Falkland Basin, located 8 kilometres west of the Sea Lion discovery. The well will appraise the northern lobe of the Sea Lion structure and if successful resources could rise well over 600 million barrels from its current 170 million barrels. The well wil take 38 days to drill. The Ocean Guardian rig will then move to the 14/10-4 well to test the southerly extension of the field. Of course this is an exploration play and positive results are far from guaranteed as Desire Petroleum (DES) have learnt to their cost over the last few months in the North Falkland basin.

Fox Davies said "The new well is located to the North of the discovery well and will test the northern lobe of the Sea Lion fan complex which looks, from seismic mapping, to be fed from a different sediments source. We understand the seismic attributes are similar to that at the discovery well location, hence limiting the risk although the 8km distance is a large outstep from that data point and reservoir/seal risk is far from negligible."

The shares lost ground on the spud news (not the first time from what I can recall), dropping 8p at one point and finished down 1p. Given the 5 week wait for any results I'll stay on the sidelines for now and wait for a rough day on the markets before I consider putting in a small punt on this one. The upside case of at least a doubling in the share price on the right news is not to be sniffed at but after all the Desire "evian" fiascos I am cautious about the Falklands basin exploration for now. I believe that Sea Lion had a 1 in 4 chance of success, the new well looks to be lower but still not a "sure thing" like Xcite (90%+ cos) . Will be keeping a close eye over the next 2-3 weeks with a move above £4 pretty likely as target depth is approached based on previous experience of share price movements with the Falklands oilies.

Portfolio review of the week - 14th January 2011

An action packed week by any measure for the Contrarian Investor UK portfolio, particularly on my largest holding Xcite Energy (XEL). A great deal of volatility to contend with and today some good entry points for some of the stocks in my watch list.

Xcite Energy (XEL) - I have written about the mini "flash crash" on a post yesterday so won't revisit this. Today the company issued an RNS stating that it had entered into an extension to the binding letter of intent (LOI) with British American Offshore Limited for the N-Class "Rowan Norway" jack-up rig.The LOI has been extended by mutual consent to 31st January 2011 with no amendment to the existing termination fee payable by XER in the event it does not enter into a definitive agreement by this date. Of course this was greeted with many rumours on the bulletin boards why the extension was on the cards, particularly that a takeover was imminent because of the 2 week extension (the original deadline was the 15th) but my take is that the legal paperwork is just taking a while to finalise or perhaps they are negotiating an earlier delivery of a another rig which is built (Rowan Stavanger rig is available immediately after contractee reneged) . I'd love it if Statoil was about to pounce, but this is probably unlikely until the resources are confirmed as bankable reserves in February/March.

Angel Mining (ANGM) - A week where the share price retraced heavily from the 7p area and was down nearly 10% to 5.5p today before bouncing back in the late afternoon to 5.88p. The fall was a good opportunity to top up the holding with the first shipment of doré for refining is expected to take place in January 2011 from the Nalunaq gold mine in Greenland. I am sure that this was Market Maker manipulation today to stock up on shares before the RNS due any day for the first shipment of gold. Spread bet opened (Sep 2011) at 5.841p. Though volatile, Angel is still a great opportunity for 2011.

Bowleven (BLVN) - The Cameroon explorer made relatively little share price progress this week despite some positive news from its continued drilling in the Sapele 1 well. Today Barcap named Bowleven as its top pick for this year in the oil exploration sector with a £5 target (it is currently 391p, up 5p on the day). Lots of news is expected from the company in the coming weeks as it continues to drill Sapele 1. The size of the resources already identified is significant. Estimates of oil in place have increased from 40 -290 million barrels to 65 to 430 million barrels in the Deep Omicron, mean 217 million barrels.

Sirius Minerals (SXX) - Potash explorer Sirius has been a share that I have traded in and out of several times in 2010. Sirius presently holds in excess of 7,425 net mineral acres of exploration leases in the Williston Basin in North Dakota covering known potash and salt deposits. It also owns properties in Western Australia and Queensland.The share price has been strong this week with a rise to around 17p, as rumours begin to grow about the potential size of the prize at it exploration site in North Dakota. On November 9th 2010, Sirius announced that drilling has commenced on its North Dakota property. An exploratory hole is being drilled to a total depth of approximately 2,740meters. Sirius had anticipated that the drilling, core logging and analysis would take approximately two months to complete ie. around mid January. An RNS on the 24th December confirmed that samples would be logged in detail, photographed and selectively prepared for geochemical analysis. Final analysis will then be completed by the Saskatchewan Research Council by mid February.

I took the opportunity today to start building a position with so much news just round the corner despite the rise from the 12p to 16p region in the last week. If Dakota comes in, the share price will be many multiples higher.

Overall a week where the portfolio showed little change in its value. Prior to the drop in Xcite today, I moved more of my positions from contracts for difference (CFD's) to spread bets since I believe that the talk of a doubling or tripling of the share price talked by Xcite at Oilbarrel yesterday is not pie in the sky. This could mean a very hefty tax bill in standard shares or CFD's, so a bit of planning needed for both 2010/11 and 2011/12 tax years. Next week should be exciting with news due from Bowleven and Angel.

Transcript of yesterday's Oilbarrel Xcite presentation

Thanks to Fowler the Prowler on iii.co.uk for transcribing the presentation.
(http://www.iii.co.uk/investment/detail/display=discussion&code=cotn:XEL.L&threshold=5&it=le&action=detail&id=7602365&prevpost=7602298&nextpost=7602377)

No apologies for going over old ground as I will just put words down as delivered and recorded to best of my typing abilities. I appreciate it is a little disjointed, but that is the nature of real time transcript recording from someone that kept falling behind! Comments in<> mine . The rest as near as possible to actual words spoken:

I am confident that Share price will double or treble in next 18 months, but can’t promise 700 and 800 percent rises last two years have seen respectively.

Extension of block that retain with more prospects in it . Oil in place billion barrel in place to be defined . More than know, but not sure how much, recoverable work in progress, some months because outside of range predicted.

Drill showed high porosity,high permeability and high productivity index. In a word exceeded all previous expectations.

Took 1200-2400 barrells expectations initially so maximum 2900 very pleasing. Shows mobility and reservoir qualities around or partially above our high end expectations.

500 metre well with no significant issues, stabilised flow rates which was one thing that people said could not be done, but did do, by paying attention to how facilites operated despite hose break and having to resort to 200 tote tanks one at a time over 2 day period .

Still a lot of work to be done to deliver new numbers of recoverable barrels not least because so much better than initially expected and more to map! Target date late feb early march, that’s when we expect to see more information coming . Not waiting though for this information though and priority to move to first stage production as soon as possible with fourth quarter still on target . Building same faciities does not change. Definitive number does not interfere with progress.

Process into bankable reserves gradual processs. When define and go forward reserves defined to that project then up to next level . 2 or 3 step process of building C1, C2 C3 into P1, P2 and P3 as add extra things extra reseource to end up with final reserves.

In other words the story will get stronger and stronger and the BOD will continue to add value bit by bit ,but ensuring they err on conservative scenario each time continuing to overdeliver.

Chance of Success now officially increased from 70 to over 90%. 90% barrier means happening and reserves will be proven. 750 million resource (not recoverable) expectation oil in place will be revised . Previous recoverable estimate of 120 million to low, 250 high for now, but expect 200 million barrels recoverable. Better recovery could increase this by 50 to 100 per cent .

Chairman has said all along that he expect half a billion barrels will be recovered when finished. Real confidence in this, but stage by stage process.

Valuation, encouraged by support with investors. 900 million dollars at the moment equivalent around $4.60 per barrel based on 200 million barrels.

Risks gone now, don’t sell up, potential to come up to range of $10 dollare or closer to $15 as C turns to P1,2 and 3.

Still comfortable scope to to double or treble as ‘safe bet’. Aim to give investors as much as that value as can achieved. Not instant, but not that long term in next 12-18 months as production kicks in and further fields are established.

Pilot well confirmed on eastern flank much higher than thought. Refractory in boulder challenging to determine. Gave us a path to follow to put horizontal well. 400-550 metres . Flowed 36 hours limited by equipment and time. The well flow behaved immaculately far better than they thought it would. Previous tests if not operate in right way can’t see wood from trees . 1,200 minimum then stepped right up when hit 2900 hit - limits that we can do . When achieved this view taken was let’s go home,well over highest expectations ...job done! . Using productivity index, half draw down easily 3,000-3,500 a day easily if use bigger facilities even at those rates acceptable draw done pressures.

Total belief that can move contignency resources will translate into reserves . Moving on with contractors and vendors make sure achieve before end of year. Rig in final stage of negotiating rates ...will be with us October.

Preliminary review of structure . Extra reserves have not discovered everything yet, much more there. Hugh improvement, helped us get high quality log a lot of confidence going forward . Sceptics say it can’t be that good, but difficult to show that it is not! High quality logs, ideal high porosity for putting horizontal well in. Lower down porosity lower. This is actually a good thing as they want low porosity layers to slow water down, because this will give higher recoverability.

Spreads right across reservoir. 73 feet of pay ended up being 113 feet nearly 50 per cent extra . Flat or domed not sure.... everything higher than original interpretations . Tracked rservoir down whole length of well . Very positive . No sign of roof coming down .

Beautiful sands if it was light oil, it would be called a bonanza. Now outside of original envelope. More work to convert into confident numbers. Need to produce a new in place number, full scale structure model. Interim reserves, multi stage process . Info in to get first level of reserves . Conservative initially definitely not less than that will fit with first stage prodcution. Very close to finishing negotating with rig. 15th not hard and fastg date . Will finish when finished wait and see .

First oil October/ November . Medium term whole process resources into reserves but have to remodel whole reservoir in parallel with everything else.

Field plant plan to government with full life cycle plans Will go in second quarter ready effectively for approval start of production last quarter . Will continue to add value. Delivering first oil first target just before Christmas will be determined on scale of things. Before end of year.

This opportunity is not finished, more to come now derisked for full value that we know we have. Successful flow tests gives no risk 200 million. Proved commerciality without doubt, proving reserves. Aim will be realised as number 2 independent in North Sea, still doubling or tripling sp just in this field alone and we’ll not going to stop here. We’ll leverage knowledge of using other opps to bear further fruits .

Question How does Bently alliance work?

Alliance is a framework upon which contractors can apply their net experience, degree of risks they feel they can take and as we ascertain next stage they will elect what stage of risk to next stage .
Encouraged by contractor community want to take some risk on this project . In reality risk normal, just that Xcite is a new kid on the block. Alliance partners are not equity partners. They are within costing regions increasing their ability to get more margin as project develops. Very controlled process. Opt in process.

What about the South east Jurassic?

South east Jurassic – 15 feet of something oil shows there, evaluating currently not enough to commit well to that area . Working example, currently have zero value on then and will until prove them, when wells down will continue. 2 wells in new blocks. Not flowable yet. Were not expecting it to.

Why did directors sell so many shares that will be worth 2 to 3 times?

Charles handed over to Rupert Cole on this. He explained that after 7 hard years sacrifice with loans, mortgages, pressures on family on line they felt entitled to take some out .

Will CPR increase data on east?

New blocks work first? High probability some, Jurassic higher risk. Live system know they are there. Main effort main field into production. During implenmentation stage of using FSP will be dipping into 12-24 month period.

Private questions asked after event by another investor.....Will there be a big placement/ dilution shortly?

£30 million shortfall after drawdown for rig contract etc, but may finance this through debt or if they raise the money by a small placement of no more than 5-7 per cent < this is fantastic news and makes sense>

Xcite has a mini flash crash as CPR announcement moved back

Wow what a day for Xcite Energy!! All seemed to be stable this morning with the share price barely budging at around 392p to buy. Then the company presentation started at the Oilbarrel forum at 12.30pm and things starting moving down. First a few pence and then before I knew it I was choking on my sandwich as the share price briefly hit 350p, down 40p or so at just after 1pm. Suddenly

the margin on my spread bet account was looking rather perilous with an email from IGindex arriving in my inbox before long asking for a deposit (note to myself to review my emergency deposit requirements).

Xcite had in effect suffered its own “flash crash”, similar in nature, but not as severe as the Rockhopper (RKH) one back in June 2nd 2010. The price quickly bounced back as I desperately tried to buy more shares below 355p to no avail and actually went back into the mid 380p range around 1.30pm before settling at its current 376p, down 4.4% on the day.

What was the reason for the precipitous fall? Well the severe drop seemed to coincide with news being received from the oilbarrel conference that the CPR (Competent Persons Report) would be available in February or even March rather than the January timescale originally anticipated (thanks to Hedge Fox on iii.co.uk for his live posts from the conference).

Initial sales byprivate investors on this news seems to have led to a massive loss of
liquidity (as it did with Rockhopper’s “flash crash”) probably due to a sudden but severe lack of
buyers and overwhelming sells, large numbers of stop losses being triggered and a likely degree of Market Maker manipulation who swung the price down heavily to mop up sales. Like the Rockhopper situation, I am sure many holders were left out of pocket as the price bounced back.

Do not use stop losses on AIM stocks this is the golden rule in Contrarian Investors’s humble
opinion, the extreme volatility on some of these stocks can be very expensive if they are used. Fine on FTSE stocks, but on stocks controlled by Market Makers investors need to be disciplined and watchful and avoid them.

Looking at the presentation from the oilbarrel conference (http://www.xcite energy.com/docs/XEL%20General%20Jan11%20Oilbarrel%20v3%20FINAL.pdf
) the only disappointment is the delay in the CPR release, otherwise things
look increasingly positive with probability of success now 90%+ (I think this is on the low side given the strong flow test results)

Key points from the presentation include:
9/3b-6, 6z appraisal well:

• Potential resource of 950 million barrels (at least 750 million barrels)
• 120-250 million barrels of recoverable oil (an increase from 160mm barrels)
• Successful commercial flow test in Dec 2010
• Shows mobility and reservoir properties are at or above the high end of expectation for this part of the reservoir
• The techniques to drill 500m+ horizontal well and achieve stabilised flow rates worked according to plan
• Pilot well confirmed upside reservoir on Eastern flank
• Horizontal well of over 500m; flowed for over 36 hours; stabilised at multiple flow rates
• Multi-staged flow test reached 2900 bopd (pre-well max expectation of 2800bopd); test was surface equipment limited 
• 6z well had a flow capability of 3000 to 3500+ bopd with a reasonable and sustainable drawdown
• Test results should enable the movement of ‘Contingent Resources’ to ‘Reserves’ for First Stage Production plan.

Next steps
Short-term:

• Assimilate and update current reservoir model with new well information to:
• Produce an interim PIIP update (pre full-scale structural model)
• Produce an interim Reserves assessment to progress the FSP plan
• Complete jack up rig contract for the Rowan Norway unit (drilling &amp production)
• Complete design and order process equipment for FSP (full scale production)

Medium-term:

• Upgrade full reservoir model with new well information to:
• Produce a new PIIP using the new structural model
• Produce an updated recoverable Reserves assessment based upon new full scale model
• Submit Field Development Plan to the Government for approval for FSP and beyond
• Identify projects to expand Block Reserves, eg EOR (full field and new satellites)
• Deliver ‘first oil’ from FSP

Late 2011/early 2012 target date for FSP start up. In addition Charles Lucas-Clements (Director of Strategy and Business Development for XER) stated that he believed the CPR update should show "Most likely recovery estimate" at 200million barrels of oil with this figure being described as "conservative". He said that could increase by 50-100% (300m-400m) - "We think there is room for the share price to double or treble and this should be achieved in the next 12-18 months as a farily safe bet"  and "We know there's much more oil, but we can't say how much more at this stage". It will be established as part of the ongoing development.(ref. whowantstomeamill iii who was present at the event) .This would be incredible and a cause for much confidence. So much for the 10% share price drop during lunch!!

What a day for Xcite Energy! I was in need of a bit of portfolio stimulation this morning after the
lack of share price movement, but this was a little too much. It didn’t help that there was a cock up in the RNS being released this morning about the presentation being available on the Xcite web site and it was nowhere to be seen for at least an hour. The directors have been great at managing news flow so far, but I ask them to take note today since I think a great many investors lost money
unnecessarily. It also shows how illiquid Xcite energy is and how much volatility there is due to its large private investor base which means huge swings in the share price can occur on news of any sort. The sooner we get off AIM and onto the main FTSE market the better with some more institutions on board to give greater stability to the share price action (BOD, if  there's any possibility at all you're reading this blog perhaps you can make an announcement about intention to leave AIM soon??)

I love the excitement of AIM shares, but on days like this it can be a little too Xciting!! So we await the rig announcement (due any day), CPR with potentially significant resource upgrade in February (or March worst case), plus announcements relating to preparation for start of production by end of year (rig should arrive in October). Sounds good to me and glad I managed to pick up a few extra at 370p by selling some Angel Mining.

Xcite RNS re. Oilbarrel conference - intriguing!

Xcite Energy (XEL) have just released an RNS saying the 12.30 Oilbarrel presentation is available shortly on their web site. The only reason I can see for this RNS is that the presentation itself has some "interesting" info. Mmmm. We didn't see an RNS for the last Oilbarrel forum in November but usually price sensitive information cannot be put into a presentation without a specific RNS - unless an RNS will come out at the time the meeting starts? Can't see the document yet anyhow, I guess due to a technical glitch. If only there were some £ left, but fully committed already.

The tension is killing me on Xcite Energy

Sorry not much to blog about this morning.  So here's a ramble.

Still no RNS from Xcite Energy (XEL). Shares flat as a pancake this morning. A few hours and they'll be presenting at oilbarrel. com conference in London but of course they can't reveal any market sensitive information. So will there a RNS later this morning? If not we will have to have one tomorrow on the rig at the very least and hopefully a lot more. Perhaps the resources upgrade is so massive that the board couldn't get out of bed with their hang overs from the celebration party??!!

Put a few more in my ISA yesterday on the minor price drop. Now a case of watching and waiting.

p.s. Frustrated I can't be at Oilbarrel because of a meeting. Groan!

Angel Mining CFO awarded 10 million shares at 5.8p

Angel Mining (ANGM) have announced late in the day today that their CFO Kevin McNair has been 10 million shares in the company's incentive share plan at 5.89p. Hell of an incentive to move the share price above 6p! A lot of buys late in day so hopefully back to a blue day tomorrow after the slippages this week back from the 7p level. Disappointing that the BBC Greenland documentary had no positive impact, despite show casing the company's Black Angel mine.

With Angel Mining gold production underway at Nanulaq this remains a very strong buy in my opinion.You get a gold mine producing $32 million in sales this year plus a potential $1.5 billion zinc/lead mine at Black Angel thrown in for free.

Xcite confirmed at Oilbarrel forum tomorrow

40th Oilbarrel Forum Thursday 13th January 2011

2:16 PM (28 minutes ago)

Amy Clayton

Good Afternoon,

40^th Oilbarrel Forum 13^th January 2011 – tomorrow from 9am at our NEW VENUE

As you’ve registered to attend tomorrow’s Oilbarrel Forum, here is a quick e-mail to confirm your booking and remind you that the first event of 2011 will take place at our new venue, for which the address is:

Merchant Taylors' Hall
30 Threadneedle Street
London

EC2R 8JB

The nearest tube station is Bank. For a map, please click here.

As usual, registration is at 9am with the first presentation starting at 9.30am, and the event will be followed by a complimentary buffet lunch – a great chance to chat to the speakers as well as other investors and industry professionals attending the show.

The presenting companies at tomorrow’s event include (in presenting order):

Neon Energy

NoHotAir.co.uk

Coastal Energy

Gulf Keystone Petroleum

Symphony Environmental

Xcite Energy

If you have any queries you can reach me on 020 7562 3398.

Kind regards,

Amy

Amy Clayton

Website & Communicationsend_of_the_skype_highlighting

Minesite.com

Oilbarrel.com

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