Seeking Alpha

Statoil discovers up to 75M barrels at North Sea prospect

  • Statoil (STO) says it has made an oil and gas discovery in the Valemon Nord prospect in the North Sea, with total recoverable volume estimated at 20M-75M boe.
  • The Valemon field is one of STO’s largest ongoing development projects on the Norwegian continental shelf, with recoverable resources estimated at 206M boe.
Comments (4)
  • Debutant
    , contributor
    Comments (2422) | Send Message
    And that is happening when drama queens on SA are claiming that energy companies are cutting down their budgets!!!! Funny!


    Discl.: I am invested heavily in offshore drillers.
    11 Apr 2014, 08:49 AM Reply Like
  • jack20
    , contributor
    Comments (324) | Send Message
    debutant: Me too. SDRL, ATW,PACD, and ESV.
    11 Apr 2014, 06:15 PM Reply Like
  • Robsky
    , contributor
    Comments (12) | Send Message
    Another very progressive UK company operating and majority owned by American CEO and COO Magnolia Petroleum worth looking at which operates in USA Bakken and Oklahoma with oil majors Statoil, Devon Energy, Marathon, Kodiak and others
    13 Apr 2014, 08:28 AM Reply Like
  • Robsky
    , contributor
    Comments (12) | Send Message
    Good to see that the oil has been discovered in the north sea where declining revenues have recently been in the news, probably to dampen all the hype about Scottish independence from the better together campaign nevertherless job creation and producing goods for wealth is necessary for progression.


    It is great to see that Aberdeen has been chosen by Statoil for the new operations centre in spite of the independence campaign where other multinational companies like Standard life, RBS and Lloyds are threatening to move their headquarters to England if Scotland votes yes.



    It is strange how you guys are invested in offshore when some of us UK investors are putting our cash into UK small caps in North American Shale in North Dakota and Oklahoma example Lon AIM, MAGP, NCT, NTOG, NAAP and HAWK and others these companies have very little exposure in the USA stock market yet are operating and expanding their oil and gas exploration with multi national companies such as Statoil, Devon, Kodiak, at an incredible rate in well known fields so there is less risk.


    While all the above companies are worth looking at one of your own analysts Value Digger was top of the BEST IDEAS table this week on Seeking Alpha with his study on HAWK (OTCQX:NHEGY) I have since invested but also own MAGP,NCT good luck with your investments.

    13 Apr 2014, 08:28 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs