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I entirely agree with you , Ed’s demeanour gives a certain impression .That says more about us as investors regarding slickness and confidence etc in interview.
Again , I agree this week could offer a good output .
Here’s hoping !
Well italy and spain are slowly lifting restrictions so see what the ceo in the close period has done hey .
Could be interesting this one
I’ve spoken to Ed several times after emailing him and him quite promptly calling back .
Very honest , open and accommodating .
His Job is to do deliver and he has said he has done exactly what he said he’d . He’s unduly criticised for his appearance and delivery
Sorry found the info 'dec RNS ' derisking
Reading the RNS's cant see much about the Tesorillo play , seems massive at 830 bcf with potential 49.9 % options .
Has this been put on the back burner?
Good to see some chat over the weekend on this one, a fantastic opportunity for PXOG lets have a few updates to really move us on.
Regarding Ed a lot of people including me find him a bit of a ditherer and looks like he has had no sleep at times but he was instrumental in building up his last company and selling it on for a whacking good profit, this is the plan with PXOG
And after all this time it is finally all falling into place
Massively Undervalued + Lots of New Flow Coming + Diversified Portfolio + Herd Arriving = Huge SP rerate.
Fill your boots at these cheap cheap prices - I have …..
Happy Days to come … Tick Tock...
Of course the spread was "appauling" hence my suggestion that a share consolidation would help PXOG.
Please make allowances for the CEO! He has a lot on his plate.
...but we have a lot to look forward to. PXOG has to be the easiest 10-bagger there is. DYOR and stop buying and selling for a quick 10%! I'm not normally in favour of share consolidations but PXOG might actually benefit!
Yes, producing @ 22% capacity (could be lower in ‘lockdown’?) which generates revenue of ~€800k pa (49.9% to PXOG) – though small net cash. Good opportunity to increase generation through combination of more days / more hours per day / fixing generator / more gas. Think the supplying well might struggle to produce too much more gas flow and hence will need to drill others – see WGO quarterly report where they indicate plans to drill new wells at El Romeral.
Remember that the ‘effective’ transfer date is July 2019, so would expect the revenue and asset value in the PXOG accounts for 2019 later this year. Should make a difference in markets perspective on the co.?
As always with PXOG progress will be incremental and is dependent on partners aligning! Having said that, IMO of course, we are significantly undervalued – Selva reserves ~£4m alone. PXOG corporate presentation gives hint at true potential on the assumption that Tesorillo ‘Prospective Resources’ (2U) are proved up, hence interest in revised CPR!
GLA and please DYOR
correct me if i am wrong but El Romeral is currently producing, allbeit at significantly reduced capacity,
once it is officially part of the pxog portfolio that should give us a second income,
i know the plans are to increase the capacity, but first things first...
once edward announces it, that should give the sp a significant boost!
El Romeral now on Tarba web site. Did post on this a few days ago, but now also checked Twitter. Maybe worth looking at the words in the Twitter post (pinned tweet, but 20h old?) – “We incorporate on our website a new section on the El Romeral Project …”
https://twitter.com/energiatarba?lang=en
Why would Tarba post this just now if the ‘transfer’ wasn’t a done deal?
Looking forward to news soon. Please DYOR.
GLA
I made a small 1k investment here at 0.12 on Friday, it’s mainly gas rather than oil and the directors have bought a bit so better than most junior prospects
ive stopped all investing in junior oil at moment the way I see it in my opinion is that by 2030 we will be driving electric/hydrogen vehicles and the demand for oil will be as it is now 20 bucks barrel brent if that so im only doing oil that producing near too or gas the same as in this one and ive got a bit in angus
IMHO
Some decent gas plays
Directors got skin in the game
Recent placing for finacing seems to be for 49.9 percent of a project in spain.lots of gas in this project.
Looks cheap on the SP
Lockdown in Spain and Italy lifting potential upward movement in SP
Only you can make that distinction
I hadn't thought of the fact that people will need gas more than oil at the moment. Interesting...
I have read through news looks ok but many AIM compa ies nothing more than lifestyle soooooo
Taking advice from notice boards is a remedy for disaster do you own research
It reads better than some AIM companies , share price has dropped alot over time like most .
Is this a lifestyle company ? I see it use to trade alot higher
It has a name oil and gas but is a gas play so a lot safer investment. if ya stuck at home you still need to cook and heat the water
but you wont be driving so no fuel use and a massive glut of oil now around the world.
New potential investor here. I am keen to invest in oil stocks as I beleive that the are undervalued with the oild price so low during this crisis. This has shown a nice rise today, but what will make it stay up and go up further in future? Anyone got any advice for me as to why I should invest in PXOG?
Maybe outside MM’s control if someone just wants shares badly? Current ‘batch’ of round number (1m, 2m, 3m) trades look like ‘Automatic Trades’ . Can’t see L2 personally, anyone who can - are there orders to fill?
GLA
Will the MM's try and put the breaks on this time or let it fly …………………...LET IF FLY FFS
Singer, Your not on your own there, me too, but have averaged down to 0.23 now lol fingers crossed