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GGG - having just noted the Market Update tagged onto the end of the Trafigura RNS of 3rd June I now would add a further item to expected newsflow, being:
Awaiting confirmation of Rio Negro 10 year licence extension recently applied for.
Wouldn't want to be out of this next week
Hi happysparrow,
I'm pretty much feeling exactly the same. I'm wondering if we would hear something before the 22nd but am suspecting that they will be keeping news quiet until then but I sincerely hope what we have been communicated about re Trafigura means that more flesh will be put on the bones re this relationship and specifically how and when this inorganic growth by acquisition is going to happen. Not too long to wait now .....
Atb,
Northern
22nd July - almost certain imo to give us current production figures and year end guidance. Also expect detailed work schedule for rest of year. Too, I would hope for a lot more information on the Trafigura partnership and general business direction resulting from that. By 23rd July, I would not be surprised to see the SP at 2.4p+ (it all depends on the quantity left of our current main seller that has pushed this below 1.5p recently).
Only problem for me is that I've just started building a stake here; and am waiting for some cash to come in before I can buy more - with my luck, this might be out of reach before then!
C'est le vie.
Thanks happysparrow. Only questions remaining are when do we think the first important news will land, and what do we think it will be...? It would make sense to announce something just before the investor presentation on 22nd July, which is less than 2 weeks from now. Interesting times, especially we now have a little more interest being generated. I'm going with 2p SP at the end of next week.
Yes, GGG. In my newsflow notes I've also got:
Strategic Plan with Trafigura (+ acquisition?, possibly new country);
Argentinian base gas price to be set at $3.5 mmbtu?
News on Paraguay (possible exit?).
Just the neg head posters ha
For a little run by the looks of things... Nice to see an investor presentation in the near future as well. It should maintain interest while we await news. Can't believe we're still below placing price given we have little debt, low cost production, oil price hedged at $45 barrel (at which we're quite profitable), soon to be announced production increase, imminent spudding of exploration well opening a new play, Trafigura as off-take partner plus now a major shareholder, CEO with all his skin in the game....And we're below the placing price! Have I missed anything...?