PPC TD drill news imminent

President petroleum currently drilling their Kafoury 3 well targeting multiple zones.

Drill logs are updated every monday – so news should be coming soon. Have they TD’d and is it good news? Whilst this current drill on K-3 is not the true company maker – it is vital for cash flow. Keep your eyes on the following well log update

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=242161

All eyes on GKP come wednesday.

Some very interesting developments over the xmas period with several iraq news wires running stories that suggest the PSC’s / oil contracts in Kurdistan may be approved by the central oil ministry in Bagdad sooner than many thought possible.

See http://www.thenational.ae/events/categories/gastro/iraq-gives-go-ahead-to-kurdish-oil-contracts?pageCount=0

and with regards to oil production which has also been disputed between the north and south see http://abcnews.go.com/Business/wireStory?id=12476609

DNO which has had production on hold for many months due to the iraq/kurdistan political disputes – has risen strongly in Norway as European markets are open today.

Also note another producer Addax in the newswires
http://www.bloomberg.com/news/2010-12-27/addax-petroleum-s-crude-production-rises-14-after-acquisition-by-sinopec.html

This certainly bodes well for GKP. The last few weeks has seen GKP trade on thin volume and its been a bit like watching paint dry as many wait on the sidelines for confirmation that politics and new government decisions will indeed benefit the kurdistan explorers.

Paint drying? – I think Wednesday could look like a Jackson Pollock!

Exciting times ahead but still some way to go before this country is free from all risk. Investors watching the xmas TOPGEAR special last night will also be pleased to hear Jeremy Clarkson state that he thought Kurdistan was safer than Cheltenham!

ISA Shares: Commodities

A big thanks to Vik who kindly sent on a terrific list of ISA’ble commodity stocks.

Always check with your brokers and insist on ‘double checking’ as I’ve heard chatter from various sources suggesting that some brokers are still not entirely sure on what stocks are ISA bound.

Listed alphabetically:
AAAM (iron ore and gold)
ABG (gold)
AAL (multi commodity)
AEX (oil)
AEY – Antrim Energy (oil / gas)
AFR (oil)
AGLD (gold)
AGQ – Arian Silver (silver)
ANTO (mainly copper)
APF (Mainly Coal – invested in a basket of miners)
AQP (platinum)
AYM (iron ore, zinc, copper)
BG (gas)
BKY – Berkeley Minerals (uranium)
BLT (multi commodity)
BP (oil)
BRWM (multi commodity trust)
CAD (oil & gas)
CAZA (oil & gas)
CEY (gold)
CLF (gold)
CNE (oil & gas)
CRND (gold)
CZA (coal)
DGO (oil)
DME (copper)
DNX (oil)
EGU (gold)
ELR (platinum)
EMED (copper)
ENQ (oil)
ESSR (oil & gas)
FND (copper)
FRES (silver)
FTE (uranium)
FXPO (iron ore)
GAL (gold)
GEMD (diamonds)
GBP (oil)
GIP – Gippsland (Tantalum, Tin & Feldspar)
GSL (gold/silver)
HDY (oil)
HOC (silver)
HOIL (oil)
IAE (oil)
IFL (ferrochrome producer)
JKX (oil & gas)
JLP (platinum)
KAZ (multi commodity miner incl copper and silver)
KGI (gold)
KLG (gold and coal)
KMR (titanium)
LOND (iron ore & coking coal)
LMI (mainly platinum)
LRL (gold)
MML (gold)
MNC (gold, zinc and copper)
MRS (oil and gas)
NAD – Namakwa Diamonds (diamonds)
NSN – Natasa Mining (various – pre-production resource investor)
NUS (various metals … undersea mining)
NWR (coal)
NYO (gold)
OEX (oil)
OMI (gold) – formerly UGY
OSU (gold / copper)
PAF (gold)
PLAA (platinum)
PMO (oil)
POG (gold & iron ore)
POL (coal and uranium)
PPN (platinum)
RDSB (oil)
RIO (multi commodity)
RMLA (nickel, + various precious and base metal projects)
RMM (gold / copper)
RRL (oil)
RRS (gold)
SAC – Sac Oil (oil)
SE. – Strategic energy corporation (oil / gas)
SGZ (gold)
SIA (oil)
SLV (platinum)
SMDR (oil and gas)
SQZ – Serica – (oil)
TLW (oil)
TALV (nickle / mining)
UKC (coal / land)
UGY (gold) – epic change to OMI, 11 Jan
VED (multi commodity)
VST (oil)
WTN (coal)
XEL (oil)
XTA (multi commodity)
YAU (gold)

Ordered by commodity type(s)
CZA (coal)
WTN (coal)
UKC (coal / land)
NWR (coal)
POL (coal and uranium)
APF (Mainly Coal – invested in a basket of miners)
AAAM (iron ore and gold)
AYM – Anglesey Mining (iron ore, zinc, copper)
TALV (nickle / mining)
MNC (gold, zinc and copper)
FXPO – Ferrexpo (iron ore)
LOND – London Mining (iron ore and coking coal)
FTE – Forte Energy (uranium)
BKY – Berkeley Minerals (uranium)
POG (gold & iron ore)
KLG (gold and coal)
ABG (gold)
CEY (gold)
MML (gold)
RRS (gold)
YAU (gold)
PAF – Pan African Resources (gold)
NYO – Nyota Minerals (gold)
CRND – Central Rand Gold (gold)
AGLD – Allied Gold (gold)
OMI – formerly UGY (gold)
CLF – Cluff Gold (gold)
GAL – Galantas Gold (gold)
LRL – Leyshon Resources (gold)
EGU – European Goldfields (gold)
KGI (gold)
SGZ (gold)
OSU (gold and copper)
GSL (gold / silver)
HOC (silver)
FRES – Fresnillo (silver)
AGQ – Arian Silver (silver)
AQP (platinum)
JLP (platinum)
PLAA (platinum)
SLV (platinum)
ELR (platinum)
PPN (platinum)
LMI (mainly platinum)
GEMD (diamonds)
NAD – Namakwa Diamonds (diamonds)
DME (copper)
EMED (copper)
FND (copper)
ANTO (mainly copper)
RMM (copper / gold)
RMLA (nickel, + various precious and base metal projects)
GIP – Gippsland (Tantalum, Tin & Feldspar)
NSN – Natasa Mining (various – pre-production resource investor)
NUS (various metals … undersea mining)
KAZ (multi commodity miner incl copper and silver)
VED (multi commodity)
RIO (multi commodity)
XTA (multi commodity)
BLT (multi commodity)
AAL (multi commodity)
BRWM (multi commodity trust)
IFL (ferrochrome producer)
KMR (titanium)
AEX (oil)
AFR (oil)
ENQ (oil)
HDY (oil)
IAE (oil)
TLW (oil)
RRL (oil)
HOIL (oil)
BP (oil)
RDSB (oil)
DNX (oil)
PMO (oil)
SIA (oil)
DGO (oil)
XEL (oil)
OEX (oil)
VST (oil)
GBP (oil)
SAC – Sac Oil (oil)
SQZ – Serica – (oil)
CNE (oil & gas)
ESSR (oil & gas)
JKX (oil & gas)
CAD (oil & gas)
MRS (oil and gas)
CAZA (oil & gas)
AEY – Antrim Energy (oil / gas)
SE. – Strategic energy corporation (oil / gas)
SMDR (oil and gas)
BG (gas)

Oil/Gas ToolBox

The Library is where you can build on your knowledge of Equities and the Sectors in detail. Glossary’s to help break down Jargon, and links to push your Oil&Gas/Commodities knowledge further, plus general guidance on Equity/trading terms.

‘Grumpynhappy’ kindly posted these links to help other investors with questions on Oilfield / Drilling operations. Ordered as…

Well Classification / Drilling / Hydrocarbons – Fluorescents / Fracing / Heavy Oil and Workovers.

Knowledge & Profit which I am and hopefully some others are looking for. I appreciate there are all lot more in depth links but hope these help.

Good Luck All & DYOR and use the info as a guide only to help out.

Well Classification:
http://en.wikipedia.org/wiki/Oil_well#Types_of_wells

From Intoorbit Seismics Links:
http://www.wisegeek.com/what-is-a-seismic-survey.htm

http://www.wisegeek.com/what-is-3d-seismic-interpretation.htm

Drilling Manual: from GEML:
http://www.spegcs.org/attachments/studygroups/5/2009_06_PFC%20-%20Expanding%20Knowledge%20Workshop%20Session%202%20-%20SpeakingOilGas.pdf

http://www.horizontaldrilling.org/ (has other links as well: bits, mud, logging Dir Drilling)

http://www.youtube.com/watch?v=Y37XbMEDnXc&feature=player_embedded
Above You Tube Drilling & Frac video clips.

http://www.slimhole.org/
Above is drilling link from “thehuntsman”

http://www.bseec.org/sites/all/flash/3drig/index.html
Above are drilling and frac links decent graphics. See video link.

Hydrocarbons / Fluorescents
http://www.spec2000.net/08-samples.htm

Coring / Core Samples
http://www.rigzone.com/training/insight.asp?insight_id=325&c_id=18

Heavy Oil:
https://www.og.decc.gov.uk/information/papers/spe54623.pdf

Link below from Dandy1903:
http://www.lloydminsterheavyoil.com/workover.htm#WORKOVER

Well casing & Completions ( Well Testing Link)

Source: loobyluu AEX board 20.08.10
http://www.naturalgas.org/naturalgas/well_completion.asp

Also on the link Exploration, Extraction & Production.

Link from Geordieaway from Encore 26.08.10

A link about UKCS Geology and Stratigraphic Traps –

http://www.scottishoilclub.org.uk/lib/Presentation_070419_SJStoker_ScottishOilClub.pdf

http://www.geomore.com/Oil%20and%20Gas%20Traps.htm

Estimating and working out reserves Links
http://www.spe.org/industry/reserves/docs/PRMS_guide_non_tech.pdf

The definitions are on the SPE website.
http://www.spe.org/industry/reserves/docs/Petroleum_Resources_Management_System_2007.pdf

Exploration Drilling Glossary Terms from rjays Encore 26.08.10
http://www.eandp.demon.nl/glossary/EXPLOR~1.HTM

PMG – top sliced

Stunning performance by PMG. It tested 22p today which is a one bagger from the initial heads up at 11p.

That’s a lofty price but I’m sure Tom Cross will justify it when PMG eventually announce their strategy and acquisitions.

There’s a lot priced in now and top slicing can help secure some of that profit gained already and reduce a bit of risk.

I’ve top sliced a small amount today at just under 22p.