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Managed 200k at 0.055p that's my lot
At 0.0549 went in sell column its below mid but is a buy.
More added 2 million extra ;)
bad move for a mill. Maybe long term good. Short term you could of got 500k extra
https://www.asx.com.au/asxpdf/20200318/pdf/44g55ylb4fmq5n.pdf
Good one broad, direct link to ASX pdf above, a few highlights …
Slide 24 – re Tesorillo “potential to spud by year end” .
Slide 25 – re El Romeral “planning to drill up to 3 new wells”.
Slide 26 – re El Romeral “Potential to resume full [power generation] utilisation possibly with only 1 new well”.
Slide 30 – re El Romeral “Targeting 1H 2020 for El Romeral acquisition completion”.
Focus on El Romeral for revenue.
Positive update at difficult time.
With no travel and Ed and team ‘confined to barracks’ might be a good time to be pulling together an updated PXOG investor presentation, maybe waiting for Italy approval and El Romeral transfer ‘trigger points’?
GLA
scotlouie, just topped up with a million @ .074p, now that's what I call a bargain :O))
incredible to think that when italy revenues eventually kicks in we'll be bringing in revenues from all our operations well over our current MCAP!
although italy is on lockdown its hard to say how much of an impact it has on our selva operations! possible delay it several weeks. i dont know. what i do know or would hope ia that when it finally kicks off and producing. our mcap wont be £2M!! and we'll all be wishing we bought more are these crazy levels!
great opertunity for a entry for new investors or us long term suffers who's still waiting on these value triggering events from years ago!
im seeing a huge bounce when this corona virus malarky dies down and everyone in the world stops the panic!
0.08p to the 2p fair value (based on previous broker valuations).... yes please haha!
https://seekingalpha.com/article/4330763-natural-gas-producers-will-receive-biggest-benefit-from-latest-oil-market-craze
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/031220-italian-refineries-oil-distribution-networks-working-normally-during-lockdown
That's the spirit! Why did I ever think the only way was up? Saudi Arabia is shooting itself in the foot and could go bankrupt if they insist on cheap oil which, of course, does nothing to save the planet. More joined-up thinking required on all sorts of levels. I remain confident PXOG is very under-valued. Good luck!
The mm's have done it again and dropped the bid to 0.7 on a trade at £12.00 - naughty boys !
Got another 300k at 0.075p
Indeed Destit - never happens the other way though !!
probably not clear as most their are old and most venerable well at least it wont affect their work to much as most don't work anyhow
Italy is in lockdown which is perfect currently as in a couple of weeks time , hopefully there clear of infection and ahead of the game
Oil fu**ed at this time and gas prices moving up, and we are awating Italian production that will now be delayed for a long while.
Most likely when gas drops through the floor.
Worth keeping an eye on PVE (ASX, Podere Gallina permit operator, PXOG 17%, UOG 20%). The rest of PVE’s exploration permits are in Italy. PVE SP @ 5.4c (Aus) holding up, also note they are >50% owned by board. The last quarterly report showed only €46k cash, but a loan facility of €150k. Also indicated that the final EIA decree (‘green light’ for production) was expected in Q2/2020 – we’ll see. While they may need some working capital to continue, would expect they will wait for the approval before raising the final capex required of ~€2.3m (€400k to PXOG). Guess there is a good chance of a delay as things stand, so hopefully we’ll be ‘running lean’ on Italy (no flights anyway!). Let’s hope that the folks over there get through this CV crisis as soon as possible – not just self-interest.
In the meantime expecting to hear about the final transfer of El Romeral and plans to ramp up electricity generation and drill new wells, not to mention an update on Tesorillo. Again, worth watching the other Aussie partner and 85% / 50.1% owner of Tarba (Tesorillo / El Romeral respectively) with PXOG holding the balance. WGO are asset rich (50% of 1.2TCF West Erregulla), have some cash, but speculation that not enough for more drilling. They are also >50% owned by board, one of whom – Dennis Donald, is moving to Aus to ‘manage’ (maybe sell?) the business there. Duncan MacNiven, the other major shareholder and director, was one of the guys pictured with Ed on a visit to Spain in May last year – maybe he’s running Tarba? You can see on Twitter that Tarba are very active in building the ‘Eco gas’ concept (along with solar, hydrogen, etc.!), no doubt all good for the cause.
Shouldn’t come as a surprise to anyone that progress will slow down for a few months, we are not unique in this respect. On balance, IMHO, onshore gas looks like a better fossil fuel play than most. I’m in for the long run.
GLA and please DYOR
Any thoughts on the Virus implications for us in Northern Italy?
Bought this afternoon not thinking i would ever pay 0.095 again holding 5m now.
People are holding on to their hats and money in a global market wobble , we nearing a new Tax year .
Why would they release news now , it wouldn’t benefit !.
Some sort of update would be nice Ed before we move out of Q1 - hope you've got your PR sorted a lot better for this year as once news starts flowing we are going to need a lot of momentum to get the SP back to where it should be ………….. the wait goes on …….and on ……….and on ……..
Couple of trades missed on LSE today (I think XOFF means ‘off exchange’, i.e. party-to-party?) …
16:11:32 03-Mar-2020 0.11 GBX 3,200,000 3,648.00 Off-book XOFF
16:11:08 03-Mar-2020 0.11 GBX 3,200,000 3,552.00 Off-book XOFF
With 5m sell yesterday, just wonder if some of Ed’s HNW mates that took placement shares @ 0.12p are thinking they can make some money more quickly in more ‘mainstream’ co.’s given current market volatility? Might explain the recent retrace?
As far as I can see, nothing has changed – just waiting for confirmation of El Romeral transfer and final approval on Italy, not to mention an overdue update on Tesorillo. (Oh, and Spain and Italy continue to import natural gas).
GLA
whatever the price is its read in pence. so pxog is 0.14p. another company say tesco (TSCO)is 228 which is £2.28.
Thx should it not say 0.0014. I wld be over the moon with 14p. GLA