Trinidad could still be good but need to bring new wells online at a faster rate. Good job RSR had the sense to revise production target down to 1000bopd instead of the previous 4000 target! I've bought two lots of PVR so far and will add more but could go lower if no news comes. Gambling on farm out or full takeover there.
Hi. you were smack on here with the speculation on Georgia...it will probably come to nothing. trini looks a sorry sight in terms of production and im not sure the 1000bopd will be achieved. i like the Puntland asset but the political situation is a bit of a mess. off topic i like the look of pvr but am waiting for now
That was partly why i wrote a piece on ShareProphets advising people to exercise caution and maybe bank some profit and look to get back in cheaper (the SP was 2.4p when that was published). All the hype around Georgia and the tens of millions that would be sold for very much reminded me of some of the pumps we've seen at various times in the past... The only good thing is at least Abraham do appear to be holding onto the shares they've taken and the company website has now been updated with their holding - if they do appoint directors as per the agreement it would also be positive as would signal their intentions to hold onto all the shares (or a large proportion of them) longer term. The company also desperately need to increase production in Trinidad - more South Quarry wells online could well do that, but also need the others to make more of a contribution and get to a stage where depletion isn't an issue.
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