This article covers the second day of FirstEnergy's Global Energy Conference, completing the review I began in the first part. For some background on the event, my writeup, and a glossary of terms & abbreviations, see that first part. As for the first part, this article is intended as a springboard for readers to DTOR and to generate discussion about the companies mentioned.
Some presentations are not available on company websites, please contact me via Stockopedia's messaging system for further information. Companies covered in this part:
- Petrominerales Ltd
- Gran Tierra Energy Inc
- C&C Energia Ltd
- Parex Resources Inc
- Rocksource ASA
- Dominion Petroleum (LON:DPL)
- Seven Energy International Ltd
- Trican Well Services
- Gulfsands Petroleum Plc
- Bankers Petroleum (LON:BNK)
- Serica Energy (LON:SQZ)
- Cove Energy (LON:COV)
Unfortunately, I was unable to attend the last session, which included Eaglewood Energy Inc, Canacol Energy Ltd and Heritage Oil (LON:HOIL) .
Thanks once again to FirstEnergy for this well-organised event.
Headlines
Tuesday Early Morning Session
The theme for this session was Colombia & Latin America. Stockopedia's team has already posted a detailed write-up of this session, in their article, which I commend to the reader. As I've mentioned previously, this article highlights that in the light of political improvements over the last few years, Colombia might be a more attractive investment destination than is commonly thought.
Company: Petrominerales Ltd (TSX:PMG)
Website: http://www.petrominerales.com/
Market Cap: C$2,559m
Net 2P reserves: 53.1mmbbls (as at end 2009)
Current Net Production: 44,203 bopd (2010Q2 average)
Presentation: http://www.petrominerales.com/wp-content/uploads/2009/06/PMG-2010-09-29-Website-View-Final.pdf
Presenter: Corey C. Ruttan (President & CEO)
Notes:
- Pays a quarterly dividend of C$0.125/share (~2% yield)
- Llanos basin seen as an anlogue of West Canadian sedimentary basin
- Two rigs now operating full time in the Corcel/Guatiquia blocks
- OCENSA (mentioned slide 15) is an export pipeline, being expanded to reduce export bottlenecks
Company: GranTierra energy inc (TSX:GTE, also listed on NYSE Amex)
Website: http://www.grantierra.com/
Market Cap: US$1,823m
Net 2P reserves: 22.1mmbbls (1P, as at end 2009)
Current Net Production: 14,066 bopd (2010Q2 average)
Presentation: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Mzk1OTkzfENoaWxkSUQ9NDAxNzgzfFR5cGU9MQ==&t=1
Presenter: Dana…
