Falklands : Hydrocarbons Dail;y Record (26 November 2007)
Submitted by Falkland Islands News Network (Juanita Brock) 27.11.2007 (Article Archived on 11.12.2007)

Today's severe losses on the Stock Markets have helped crude prices to decline slightly today.

HYDROCARBONS DAILY RECORD (26 NOVEMBER 2007)

By J. Brock (FINN)

TODAY’S TOP STORY

US$40 Million Gas Development Funding

 GEOPARK and Methanex signed a Memorandum of Understanding in March 2007 to facilitate the long term supply, development and acquisition of new natural gas reserves in Chile which included a ten year gas supply and purchase commitment of GEOPARK's Fell Block gas production in southern Chile. Methanex’s methanol plant site in Chile produces approximately 10% of the world’s methanol supply. GEOPARK is the only private sector oil and gas producer in Chile and has been supplying natural gas to the Methanex plant in Chile since May 2006. GEOPARK is currently mid-way throug 

GeoPark Holdings Limited (“GEOPARK” or the “Company”), the Latin American oil and gas producer and explorer (AIM: GPK), is pleased to announce that it has signed a natural gas pre-sale agreement for US$40 million with the Methanex Corporation of Canada. This six year financing is designed to support the acceleration of GEOPARK’s gas development activities in Chile and to increase the volumes of natural gas supplied to Methanex’s Chilean plant.

h a three year approximately US$100 million exploration and development program on the Fell Block in Chile.

James F. Park, CEO of GEOPARK, commented: “This significant agreement strengthens both Methanex and GEOPARK. It secures an increase in the supply of natural gas in Chile for Methanex – and it secures an economic long term market for all of GEOPARK’s gas production, as well as, a new source of financing to accelerate GEOPARK’s development and exploration activities.”

Methanex's Latin America Senior Vice President, Paul Schiodtz, added, “This prepayment agreement represents an important step to restore secure, long term gas supply to our plants in Chile. We are delighted to be working closely with GEOPARK who have been very successful both discovering new gas and investing in infrastructure to increase natural gas deliveries to our plants."

GEOPARK is a Latin American oil and gas producer and explorer with properties in Argentina and Chile. GEOPARK shares are listed for trading on the Alternative Investment Market (AIM) of the London Stock Exchange under the trading symbol "GPK". GEOPARK can be visited online at www.geo-park.com.

Methanex is a Vancouver based, publicly traded company engaged in the worldwide production, distribution and marketing of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX", on the NASDAQ Global Market in the United States under the trading symbol "MEOH", and on the foreign securities market of the Santiago Stock Exchange in Chile under the trading symbol "Methanex". Methanex can be visited online at www.methanex.com.

For further information from GEOPARK please contact:

 CRUDE PRICES Monday, 26 November 2007:

Light Sweet Crude traded at $97.70 down 48 Cents on the New York Mercantile Exchange.  Brent Crude was trading at $95.37 down 39 Cents on London’s ICE Futures Market.

ANALYSIS:

Crude prices have fallen back slightly due to a severe downward trend in the stock markets.  Speculators are concerned about the resulting fall in demand

THE MARKETS: Monday, 26 November 2007:

FTSE100: 6,180.50 down 81.61, FTSE 250: 10,452.90 down 78.27, SmallCap: 3,406.10 down 9.47

DJI: 12,743.44 down 237.44, NASDAQ: 2,540.99 down 55.61, S&P500: 1,407.22 down 33.48

LOCAL DEVELOPMENTS:

RNS Number:5024I

Borders & Southern Petroleum plc

26 November 2007

For release: 26 November 2007

The following replaces the announcement (5005I) that was made at 13.30 this

afternoon. It includes further information with regard to the appointment of the

Company's Nominated Adviser and Broker. This information can be seen below.

                        Borders & Southern Petroleum plc

                               (or "the Company")

               Appointment of Nominated Adviser and Joint Broker

Borders & Southern Petroleum plc is pleased to announce that the Company has

appointed Panmure Gordon & Co as its sole Nominated Adviser and joint broker

with immediate effect.

Ocean Equities Ltd continues to act as joint broker to the Company.

For further information, please visit www.bordersandsouthern.com or contact:

Borders & Southern Petroleum plc             020 7661 9348

Howard Obee, Chief Executive

Panmure Gordon (UK) Limited                  020 7459 3600

Katherine Roe

Ocean Equities Ltd                           020 7786 4370

Guy Wilkes

Tavistock Communications                     020 7920 3150

Clemmie Carr

Simon Hudson

                      This information is provided by RNS

            The company news service from the London Stock Exchange

SHARE PRICES:  Monday, 26 November 2007:

TLW: 588.50 up 13.00 DES:  22.50 down 0.50, FOGL:  135.00 up 2.50, RKH:  43.50 up 3.00, BOR: 33.50 unchanged, PRE:  12.50 up 0.25, GBP: 9.50 up 0.25, GPK: 436.50 up 11.50, BLT 1541.00 down 27.00, RDSA: 1969.00 down 25.00, RDSB: 1953.00 down 28.00, RDSD:  39.21 unchanged (Trading in Euros)

NYSE:  XOM – 85.68 down 2.61 (Trading in USD)

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