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Thanks Trellis for your info and your's K3VMC. Sounds as if the CORO shares won't be dumped early doors. I've been discussing with Andrew how great attaching warrants to the OO would be and he's finally stated they are still a possibility. I've emailed JP congratulating on his Chester performance and asking him too, if he could still consider attaching warrants.
Mr Masterman, Dr Pirola, Mr Bailey and their associated entities account for over 70% of PVE shares. They are definitely behind CORO.
New era of oil and gas in Indonesia March 9, 2018 Prahoro Nurtjahyo, adviser on investment and infrastructure development at the Ministry of Energy and Mineral Resources, explains the new gross-split regime, the legal framework behind it and its expected impact on Indonesia�s oil and gas industry. The terms of PSCs were overhauled when the government opted to switch from a cost-recovery model to a gross-split model, removing the burden of cost recovery from the government and courting foreign investors with more attractive terms. http://www.theoilandgasyear.com/articles/new-era-of-oil-and-gas-in-indonesia/
One thing, PVE have 100m SRON shares which will become 100m Coro shares. However, their percentage will really lower from 50% to less than 20% I think (haven't got figures to hand of initial Coro shares) - so, less of a problem perhaps
Exactly a major concern on the Australian PVE holders who I reckon will not be interested in Coro. The mgmt has pushed the fact that PVE have agreed to a 12-month lock-in and then with their next breath they say but they'll be divesting them (all?) to their shareholders v.soon. Most disturbing - interested to hear your mgmt response
Thanks for info...I knew there was number 9 in the the date LOL
There is a General meeting on 29th March, that would be when the name changes if/when all the resolutions pass.
Dose name change today to Coro? If yes I can not find new epic
Andrew Denhem said big news could be potentially tomorrow, could be up to 6 months...obviously he can�t give anything away. Hope we won�t have to wait six months though.
Agree obone, SOU3 in the making, the business plan/model/fundamentals are based on SOU and ECHO. 100-150TCF is a nice catch for CORO stakeholders and the Indonesian domestic market. A firm bet here is once SOU is sold, ECHO and CORO are to follow suit and will come with much higher returns. The overwhelming confidence of JP and the team and the upside potential being massive here. Very encouraging. All the best to everyone, especially to the shorters!!!! Deepi
Thanks Deepi. She is easy to listen to. 3-5 years horizon: build & sell model on SE Asia; Justin always asks 3 reasons to follow: well funded, access to deal flow, motivated exec
I just want my money back - not sure what Parsons is doing. very slow process here.
bit.ly/VOXPOD1012
https://www.**********.co.uk/blogs/saffron-energy-sron-john-meyer-pgm-bmn-bmv-chris-bailey-cwd-rrs-gkn/
my alter ego is Spanish not Italian lol Que ?
for an italian waiter,you sure do get around.lol
Jp was in Chester for SOU presentation, BMD wasn't at the presentation. BMD comes from 'up north'. They've done a Selfie on Twitter at the Chester FC ground BMD replied to me he's going to write up his little chat with jp at the weekend now "I'm going to write it up over the weekend just having to check out a few things with my Indonesian contacts at #Pertamina #SRONCORO" He also Tweeted today "Keep the faith on #SRONCORO It's going to play out very well post #AGM. Lot going on behind the scenes...."
you really believe that? most prob they went together for a meet up Haha! Lol
You'll never believe this... I only bumped in2 this man at the @ChesterFC game last night.... What a small world it is!... Anyway I've interviewed JP will write it up today. Buy #COROSRON
The price dip further -- even if it does this is good price to get in :D
I agree if its below 4.38 but think il wait for now until end of march end date. it might dip back into the 3,s from now until then but who knows? could easy do a #ECHO ( DIP) Lol I don't fancy paying out on a 00 so hope it dips down
Not saying there won't be an OO but I heard chat at the Chester SOU event yesterday where Andrew Dennan went, because it's his home town apparently, that the OO would probably be delayed. Anyway, it's a non-starter if they don't relent on no warrants attached and the sp is below the OO price of 4.38p
what no oo offer? have they put that in writing for people see ? cus I don't see anything
No use in having a zillion cubic feet offshore if: A) it's nothing to do with us any more And B) it's currently illegal to drill offshore anyway
OHANNESBURG (miningweekly.com) � Australia�s Po Valley Energy, which is in the process of selling its Italian operations to Aim-listed Saffron Energy, has declared a maiden 2P reserve of 36.5-billion cubic feet of gas at the Teodorico gasfield, offshore Italy.