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to add some back here around now.. did one top up around 1.55p recently and another one today at 1.57p ish .. but my position is still small here.. and I don't really want to have a decent position here .. BUT... if this goes under 1.50p I'll absolutely add back more again.. and maybe plenty more again..
Including all the bad things i've said about this share over the years.. altogether, 1.55p ish seems awfully low for this around now to me..
IMHO and DYOR
Lowest value in trades i can remember , this must be the low. FYR next month might get some interest.
There has been a zero shares traded day in the last 6-12 months, so close but not quite! Been saying it for a while but I think this needs to have the figures (production and cash arriving into bank) spelt out once there is good news. When that will happen though is the million dollar question..........
Totally agree! I think this share needs all the good news being highlighted all the time. There are a number of potential good things in the company's strategy but personally I would like to see them pick up some assets, even away from Argentina and start to get revenue coming in from those. Some time ago reasonable size acquisitions were talked about but more recently the focus appears to have moved to very slow organic growth. Maybe the right time for a change in strategy . I appreciate what they have done with Atome but that's going to take about 18months before we see meaningful progress - would be good if they can get some more deals in the pipeline too which is probably very achievable.
Atb,
Northern
Needs cash 4 acquisitions, and be in good financial position, as krth said let's see there financial position
Personally i think we have plenty to go for in our existing acreages and this years accounts will finally move us forward.
Paraguay drill Q4
WATER FLOODING PROJECT RIO NEGRO
This important project has been planned in detail and discussions with the relevant province are expected shortly whereupon, subject to the Province of Rio Negro approval, commencement of the initial work can be programmed. At the same time the management team, has implemented cost saving initiatives to improve margins in parallel with a fresh look at the principal fields in Rio Negro through external consultants. Whilst this work, as with the water flooding secondary recovery programme will take time for the effects seen, it is believed that all of these efforts will be rewarded in the future and are in the medium to long term interests of the Rio Negro Concessions.
MARTINEZ DEL TINEO EXPLORATION, ARGENTINA
an updated Company internal estimate in 2016 after further geological and geophysical work upgrading those figures to approximately 2.8 Tcf of gas and 69 MMbbls of condensate from two independent formations.
the Martinez del Tineo gas farm out process is now being re-activated with steps to be taken to update the offering and data room and promote the same to the market with such marketing both domestically and internationally likely to commence before the end of Q3 2022.
Profit before tax for the first three months of US$5.3 million, after tax US$4.5 million