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Interesting to see what happens today. I think news generally ok. Put8 was always a buy on behalf of Oxy. Think very positive and highlights the value of average in the region. Sol - let's see. I suspect that may give gross of 700-1000 which is about right for well in Llanos. Cpo35? Which had been prolific has only been so due to having lots of wells I think mariposa/indico are outliers. If they can get lots of wells at 1k then it's good

Interesting response today. As someone else said below, if we'd have gotten 700 from a share of a new well in cpo5 would have been very happy - and our share of mariposa is not a million miles away. Odd how the market works. For me, the increase in production from the infill well and workovers is excellent news. More so because the company has demonstrated an ability to set a plan and then complete it on time. Hope for good progress on cpo5 to give us the kick on we need.

From what I remember there is a tender on the ongc website for civil works related to Águila which only closed very recently. Irrespective of what happens with sol-1, I think the plan would be to move back Into indico while these civil works are finished.

With IIs selling very easy for competitors to be building a position to do a hostile. Management need to be taking steps to protect against this. We're horribly exposed at the moment. If platanillo work not gone well expect a delay in news - they'll wait to try and wrap it together with sol stuff

Bit of a kick in the nuts to get rns on a weds - day on which we've historically gotten news and have active drills! We just have to see how this plays out. The drill results are going to be important in the near term. My interpretation of the two broker notes this week is that the second was a response to the first - indicating that mgmt see the minimum price as 35p for any offers

I think they're also starting to take on the notion of setting realistic targets and then beating them. Could argue they've gone a bit too much the other way. Good that message getting through at least. The two extra appraisals on Indico alone should give us quite a boost.

Nice tweet indicating that approval has been given for lolar. Good news. https://twitter.com/Europaoilandgas/status/1133129101127094274?s=19

Thanks for the info on the extra wells. Good stuff. The more they do, the more they learn. I still don't know why they are not targeting the area NE of indico towards Llanos 34. Would seem the most obvious place to get the continuation of that play. I also think it's an odd decision not to go for the extra Indico step outs. Rake in the cash and then use this to fund extra rigs. Must be a reason - perhaps as someone has stated here before - due to broader licence obligations. Would be interesting to know what these are in more detail. ..or perhaps rig availability..

The II list presented in the Feb investor presentation (and given dated as of November) and the current one on the website dated 29th March are pretty much identical. Very difficult to square this with the notion of major holders selling out. Not sure what the obligations are re reporting ii's. Perhaps there are some that have under 3% reporting requirement that are exiting or playing with the share price. Certainly does feel like it is being walked down / controlled.

It's all down to the drill. Just need to be patient now and see where we are at the end of the year. I think half year results will be positive and then next year if we move to paying dividends it might open the door for more ii's.

I think the GTE stuff implies that they are going their own way. The implication is that our future lays with oxy - they'll buy us out in due course. Still expect further farm in to put8 and this is perhaps why no new director buys. Share price frustrating but nothing really changed. Lot of volume today and for every seller someone's buying. At an excellent price. News on the drills, new Ned appointed and further tie in with oxy will see us recover lost ground. Will be nice to see an updated ii Holdings on the Amer site. Any ideas what their obligation is to update - quarterly or just as hoc?

Think you make an excellent point here - we only got the cpo5 op through a combo of the downturn and them being slow. The fact that they are now pressed for time to meet obligations should work in our favour albeit we may have a few dusters along the way. The recent tenders for seismic and the number of recent tenders in general suggests they are moving ahead at speed now. I think budget allocations end of year would've played a factor recently. Hoping for more signals re scale up. Multi rig announcement would be the one.

If you're going to criticize someone's grammar, best check your own post doesn't contain any errors. Bless the t'internet.

Think the broader moves re climate change will see a reduction in demand and shift to gas. This is still some way off though. It's certainly a headwind. I also would expect reduction in high cost production. Reduction in offshore - i.e a shift onshore. We're already seeing this with shale - oxy and bp investing heavily. Also high cost breakeven countries will suffer. For Amerisur and putamayo this is good news - onshore and low-cost route to market. This is why the OBA is so important. Amazing that the SP didn't jump more on approval for third party oil. Even with no oil of our own we have guaranteed profit from this infrastructure. Obvious to me why Oxy invested and clearly part of their bigger plan and broader industry moves

Just posing the question really - wondering if we can exit from the weald profitably whether could have positive implications in opening up ops with more IIs. Not sure though j- ust a thought.

I know they've spent a bit on HH and brockham but given current portfolio and issues re climate change I think they might be better off ditching them and using cash to keep us going for a bit. May attract II that have issues with fossil fuels. Minerals much more palatable for many. I came in for the weald play but giving how other ops shaping up think they might be best long term.

Thanks for the update. Great to hear those insights. I hope the constant interruptions don't prevent us from getting a video. 800km road seems a hell of a lot - will cost a bob or two. I'll still expecting oxy to come in on Put8 once all the approvals are in place. Thanks again!

My main recent issues have been lack of implementation scale and the LTIP. Would've liked to see the latter rejected. On the positive side does seem like the work at platanillo is moving at pace and good to see that ongc have not delayed moving on to Sol. Nice to have multiple things happening. Would've liked to see progress on civil works but generally pretty good update this morning.

Wish they'd give the voting details and comment

But quiet on forward plans. Any new on the LTIP and GC filtering out yet?

The fact that oxy are selling down assets in other areas but investing in Colombia has to be a good thing imo.