Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Leaving the 30s behind? Looks like that could be about to happen
The UT trade closed the price for the week at 4.10 when the last mid price trade was 4.55, so hopefully this will resume.
Nice close to the week
Their entire production base is in Asia (yes there are some assets in Africa but they aren't as yet in production or managed by Ophir).
It makes sense to have the people closer to the assets and real estate is cheaper and people are cheaper in Asia - one of the smarter decisions made
Cuzo They are moving some seats and people to Asia not cancelling the listing!!
No relevance to the FTSE 250.
If they move their HQ to Asia, does this mean they have to leave the FTSE250 and we have to sell our shares (at whatever price?)
Thanks for the read, I did see something similar on twitter,
Copied from other B.B. (thanks Ohisay) This is what he tweeted re Fortuna. Re Fortuna, it remains to be seen whether #OPHR concludes EOY. Price action, consensus says 'no'. It's priority for BoD & previous deal broke down in May. Company advantage = a c$600m cost recovery pool that isn't transferable to any new licence holder And that references the discussion after the results by Oliver Quinn https://finance.yahoo.com/news/edited-transcript-ophr-l-earnings-184207953.html?.tsrc=rss Of course, the PSC itself, as you know, has significant sunk cost into it. And that's quite a -- it's not a key, but it's an important driver of the economics going forward. So for anyone coming in now, whatever deal that we may agree with them, the project has access to that cost pool. The government, of course, is a partner in the project. So the government loss, on one hand, is a negative on the cost pool side. On the other hand, they realize it gets the project away in many respects because it's a big amount of money that gets clawed back. So I think people see that, too, on this point. They recognize that, yes, there's a scenario where people can see us. They can wait for this license to time out, but they have to make some big assumptions there about that. I think the other thing, which is not to overestimate our own strengths here, but we're several years into this in terms of project negotiations, project agreements with the state, with other parties and, particularly, in terms of gas terms and getting classic LNG agreements with the government to do a project. Now if we go away, those agreements, in theory, are floating out there, but there's a significant amount of work for anyone who would come in cold to have to do those. So I think our judgment is, when you balance that up against the potential opportunity for someone to come in "free" next year, I think the level of engagement we've got suggests that people realize that the intrinsic value of dealing with the current holder is actually quite high Again, no guarantees. We're being very clear on that. We don't have a deal, but we are engaged with multiple people. I think that thematic across the mall is quite clear as a driver to engage with us. So in that sense, that's why we remain engaged with them.
Loads of them after hours, blue day tomorrow
...Then another 250k taken after the 1st 250k and 1million.
late 1m share purchase, then a 250k... someone is confident, as am I...
It’s got legs today....
Bull run on Brent
Moving now
A sudden step up on the book.
The director buys where the 2 new directors. The buys are to bring them in-line with the BoD.
I have sold all my premier oil shares which I had bought at 61p to get into ophr. Hope this will be as good to me as was premier oil
Say it all, I just added. Anything under 40p a bargain
If this gets back to anywhere near previous levels it will be quite something.
Brent at $86 - seller shenanigans almost done here - swift move up to a more sensible valuation is in short order
Sells vs Buys???
Well that was a sh••t finish
This is not dead yet
Could well be xmas surprise
Use it or Lose it! http://www.petroleum-economist.com/articles/politics-economics/africa/2018/use-it-or-lose-it-equatorial-guinea-tells-drillers?utm_source=dlvr.it&utm_medium=twitter
I wouldn't have thought so, the legislation is a year old,