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Https://x.com/SwazersC/status/1765664103698174413?s=20 https://www.tradingview.com/x/SO7kQFX4/
Https://stocknews.com/news/bp-eqnr-am-accelerate-your-returns-with-3-lucrative-gas-stocks/
Gas very much in demand
Https://x.com/SwazersC/status/1772939160678007239?s=20 https://www.tradingview.com/x/oYzxF7pG/
NOT A SHARE that is about charts. It has strong fundamentals and will change on the rubber stamping of permits in Italy and Spain. Charts will not tell you when.
Thing is theres no way of telling when the permit news will drop.It could take weeks or it could as easily drop tomorrow.Did MR not say Q1 in one of his interviews?
Yes but it's going to be end of Q2
How do you know that?
It's a guess - it was just 3 weeks ago Oilboy said May so no idea. I think the End Q2 is the upper limit as per the most recent presentation - but drilling also overlaps that period if I recall correctly. Basically anytime between now and then
Allegedly CA is going to publish his article in May so I conclude that this will be the start of the rerate with the news to follow. Also KB has hinted at this.
MR definitely said the Selva drills will be underway in Q4
The permits are in the hands of the Italians and no one else.They could easily drop any day as much as any week now
Andin the meantime we now have zero debt, and decent profits building up the balance sheet.
It is nice to have at least one company in my portfolio that is making waaay more cash than it spends!!
GLA
Aye surely that is the end game of all companies.Debt free and generating profit with increased revenues within sight.
"The permit process is hopefully going to be completed by at least the year end, if not a bit before"
09:00 onwards
https://audioboom.com/posts/8478910-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen-pxen
For BOTH Spain AND Italy (as it was not specific and the use of the words 'permitting process' was only mentioned in the case of Spain specifically... Grammar wasn't so good or clear but i tak ethat to mean both sets of permitting because that was the semantic field, it wasn't split out to IT and ES.
Therefore IT likely much, much sooner as we otherwise have already been updated with RE most recent presentation.
Good news that Spain will be completed by year end!
Yes, very good news!
Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
Mark said early 2024 for permits.Funnily enough from 9mins...timelines have kinda slipped if hes talking 6months later now
2nd July 2023: Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
---> Italy permits Q1 2024 (also in presentation https://prospex.energy/wp-content/uploads/2023/07/PXEN-Corporate-Presentation-Q3-2023_v11.pdf However here i am sure I saw a more recent presentation with Q1-Q2 timeline).
9th Feb 2024 Po Valley https://wcsecure.weblink.com.au/pdf/PVE/02771027.pdf
---> Slide states Q1-Q3 for permitting for drilling for Italy - UNCHANGED since Sept 23 presentation: https://wcsecure.weblink.com.au/pdf/PVE/02708235.pdf Q1-Q3
27th March 2024: https://audioboom.com/posts/8478910-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen-pxen
---> 8min55s "... and that cash is accumulating in order to fund the 3 wells that we want to drill in italy and the 5 wells that are going through the permitting process in Spain. These wells will increase the production several times over and they should be producing and I hope before the 18months as I said earlier. It does take time to get these permits in place and the permitting process is hopefully should be completed at least by year end if not a bit before."
Additional question is if all 3 Italian permits arrive on the same day or if this spread of time is to assess and confirm each permit as standalone (imo more likely and better for our drilling program).
GLA
Mark also stated:
""We can grow company way beyond double the valuation of the company"
Strange thing to say really only 2x, if it stayed where it was with TTFs at 30 its on a prospective PE of 5 at the moment. If as he states 8 more wells equals c400% more yield then at a PE of 5 its worth/ your looking at 26-27p.
All your crowd think its worth Quadruple MK cap already!!!!
Maybe it'll be double the market cap when it's sold
How many would be happy to be bought out at 10p?
Doesn't even move on this great news. It does have one thinking what am I missing. Maybe something is wrong after all. People worried still that he'll raise for a new asset? Permits in Italy not going to be forthcoming? Any volume just gets sold into.
The news that Italian permits wont be hear till the year end is very disappointing and considering it was permit news that was meant to shift the price it looks like months of a static share price.