Oil boom or no oil boom

General questions & discussions on Cyprus property related matters
Elis
Posts: 12
Joined: 08 Mar 2011 14:41

Re: Oil boom or no oil boom

Post by Elis » 29 Dec 2011 22:59

Ahah........ now this is what i mean........................Investors coming to Cyprus with the extra condfidence that the oil and gas will bring ...............maybe a boom is underway already........


http://www.cyprus-mail.com/finance-mini ... t/20111229



Scots Lad
Posts: 59
Joined: 19 May 2011 18:43

Re: Oil boom or no oil boom

Post by Scots Lad » 30 Dec 2011 00:11

Elis I think if you look at Stuart Post in the Cyprus Mail to-day explaing how a PSA works and compare this to the statements made by the Minister

Who appears now to be the Operations Director off Noble stating the Gas will becoming ashore in 3 to 4 years and would be worth 100 Billion etc

Maybe she is using a Meccano set to build platforms, pipelines, drill appraisal wells plus Tem-plate drilling.

Stuart post explains the situation very clearly



Nigel Howarth
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Re: Oil boom or no oil boom

Post by Nigel Howarth » 30 Dec 2011 11:42

I published Noble Energy's press release this morning.

The original release comes with a couple of caveats:

This news release includes projections and other "forward-looking statements" within the meaning of the federal securities laws. Words such as "anticipates," "believes," "expects," "intends," "will," "should," "may," and similar expressions may be used to identify forward-looking statements. Such projections and statements reflect Noble Energy's current views about future events and financial performance. No assurances can be given that such events or performance will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions involving a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks include, without limitation, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, drilling and operating risks, exploration and development risks, government regulation or other action, the ability of management to execute its plans to meet its goals, competition, the ability to replace reserves, environmental risks and other risks inherent in Noble Energy's business that are detailed in its Securities and Exchange Commission filings.

Cautionary Note to Investors -- The Securities and Exchange Commission prohibits oil and gas companies, in their filings with the SEC, from disclosing estimates of oil or gas resources other than "reserves," as that term is defined by the SEC. We use certain terms in this news release, such as "estimated resource range" and "gross mean resources," which describes quantities of oil and gas that may not meet the SEC's definitions of proved, probable and possible reserves, and which the SEC's guidelines strictly prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of being recovered by us. Investors are urged to consider closely the disclosures and risk factors in our Forms 10-K and 10-Q, File No. 1-07964, available from Noble Energy's offices or website, http://www.nobleenergyinc.com. These forms can also be obtained from the SEC by calling 1-800-SEC-0330.


Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
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Elis
Posts: 12
Joined: 08 Mar 2011 14:41

Re: Oil boom or no oil boom

Post by Elis » 04 Jan 2012 00:07

this is more like it............1000 new jobs????...if so, is it the begining of a boom?.............http://famagusta-gazette.com/cyprus-ene ... 039-69.htm



Nigel Howarth
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Re: Oil boom or no oil boom

Post by Nigel Howarth » 04 Jan 2012 09:40

Elis,

This is a liquid fuel storage facility - it's not for gas.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
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