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As JWBelle-ende loses all his money on his short, we gain lots of money by buying!
A transfer of wealth from a loser to us - the winners! :)
By way of Executive Decree 79/24, of 11 April 2024, the Ministry of Natural Resources, Petroleum and Gas (MIREMPET) has approved the Declaration of Marginal Discovery of the Punja Development Area in Block 3/05-A.
The Punja DA will enjoy the following tax incentives:
➡ Depreciation of Development Costs – 3 years
➡ Cost Oil Cap – 80% during the first 4 years and 65% from year 5
➡ Petroleum Income Tax – 25%
➡ Investment Premium (uplift) – 1,20
Block 3/05-A is located in the Lower Congo shallow waters and is operated by Sonangol P&P with partners Maurel & Prom, Afentra and Etu Energias.
They said “weeks” and once again it’s not happening, clearly delayed
Can you explain further Rift. What relevance this has?
Yeah, the good thing is tho that the sell price is consistent, so not many sells, just the buy price moving down to make the spread smaller.
We need news now. Would love an update regardless.
91.39 USD +1.69 (1.88%)past 5 days
46.90 GBX +5.90 (14.39%)past 5 days
Another great week Azule / New lifting / KON blocks / new deal / Buying TR1? /
Something next week be nice
AZULE DEAL approvals on Monday hopefully! (or late this afternoon even better!)
If its Azule's turn to get the lifting which i suspect it might be, then you're looking at a $93 lifitng price as Palanca is +$2
Marine Traffic app is very good for ship movements
This is really useful - thanks for that. (I don`t doubt you btw)
You are here. So your judgment is as good (or bad) as mine!
Good to see further consolidation and slow share price appreciation. Institutions and family offices definitely buying now
Tanker Delta Blue is the name track it and see its destination for yourselve.
Wait and see Quig if iam right or wrong!
Magnificent - Azule deal closing is due. Oil price strong. Company and management positioned as partner of choice in the region. Market cap growth now unlocking new investment keen to benefit from significant likely cashflows. Barrel growth ahead with major next deals enabled by cashflow and credible team fits the strategy.
A rare institution in the making with legs ahead of it imo.
Where do you get this intel from?
it is like you are a fly on the wall talking about tankers docking into Palanca and McDade and co putting in orders for his next Mont Blanc pen lol
Keep it coming and I hope you are 100% on the money.
This rise mainly due to the incoming next major deal.Mcdade et al have spent 80% of their time on it .And hopefully its a beaut.
Damn, someone going in super heavy here!
JWBelle-End must be getting desperate, lol!
McDade said "weeks". That could be 2 weeks, it could be 10 weeks, it doesn't matter. Either way we're putting hundreds of thousands of barrels every month at record high prices - right now.
May your shorts burn bright and long. Hope it bankrupts you Belle-End.
As the saying goes, I would not want to be out over the week end!! 3.53% up this morning atow.
I mean look at that, 0.7p higher high than yesterday again.
these delays, cor bad aren't they. hope you didn't sit around expecting it to fall on this hoping to cover your short
baw heid ******* jist day wan yah pal ,cheers
We're hitting new 52 week highs on a daily basis, it clearly isn't a massive baring right now.
another ship off for a lifting, means more money (less to pay) for AET when the deal completes.