Well it was anticipated. Share price was expected to retreat in the early part of the week. Now that's out of the way who knows which way it will go. But on a positive note here are a few items of interest we should all look out for: 1. We should soon hear about schedule of payments from Egypt. 2. We should have more news on Algerian farm-out and payments related. 3. News regarding the spudding of drills in two different sites. 4. Hopefully, and this is really what I am looking out for more than anything else, news confirming date for full listing.
On top of this we might, and I stress might, have some indications of success in Kurdistan. We are now circa 93 days into a 150 day project. I can't estimate depth because there were some minor delays, but marathon oil had their first indications at about 1000 meters. Who knows. It might be a good Christmas.....
Speed took me by surprise..........usually like watching something doing something very slowly here.
Smell of money I guess.........money in bank is the best de-risking though I would like to think there are reports of countless intersections of oil sodden strata on our Kurdy drill ........leaking out and starting to nudge sp and a sign of hysteria and manic buying fever to come
Thanks offerman. I got my information from the oil barrel conference, I think. Either that or a message from Tom on the iii site. In fact I would say we are owed more than 124$ million as we did not stop producing in the interim. It would be good to get 60 million before Christmas. It would do our case for a full listing a world of good. I was delighted and surprised to see SP break the £1.60 mark. I am sure the BB's will be buzzing over the weekend.
Hi Riverboy, I know at one stage they owed us about 125m$ but it is less than that now , i think around 60-80 m$ , it will be paid back by the end of 2014 by either installments or two one off payments.
I`m open to correction on this but that`s my take on the Egypt captial repayament situ.
All around Naples and that part of Italy with highly toxic waste by the fly dumping by the government contractors mafia won contracts and the people can do nothing . However , come around talking to drilling for oil to help the italian economy and you cant even harm a daisy on land or a sea crab . I say lets get the mafia on our board of directors for pci and see if that gets things moving . Only joking , not , yes i am , no i am not i dont thing , or am i , or am i not or i don't know . There can't worry about libel now , especially if its all true . joke
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