Member Info for ADT1

Interesting listen Doc Holiday backing pxog and also saffron interview.

The nearby Selva-6 produced at a rate for ENI of 4.4m to 6.0mmcfpd constantly over a decade and at 2.6-3.5 for another decade after. The Podere Maiar 1d will be a cash cow for PXOG with 2 sands at 4.6 and 5.2 mmscf/pd respectively.

Will be no shortage of focus going ahead with Saffron.

With Saffron being back today and very Italian Gas focused this should bode very well in terms of focus, PR, news, production, CPR, development etc

At £6m plenty of headroom to multi bag from the current portfolio, so hope no takeover.

They could well be interested in a purchase, but for me I hope they dont as the production will be a massive boost.

Jostling between those who feel this is a good price or not and a tight real spread 0.5435 - 0.5548. Hopefully the JV update following their meeting will kick off an uptrend.

Should be out any day on the asset, inc production permitting process and updating reserves and resources estimates. This is a big asset for pxog and its tiny market cap.

Potential PXOG near term news: 1. Italy JV update imminent re Production Permitting 2. Romania Production 3. Spain - commencement of the work programme at Tesorillo to de-risk further 4. Updated CPR 5. Possible (hinted by Ed) additional portfolio asset (Cashed up, Debt free, low Market Cap)

Oversold region

I reckon there are a few watching PXOG like a hawk to pounce before the expected news flow

Looks like the dipped for a minute sub 55, did a dummy buy quote for a top up got 54.5 then a minute after back up. I think sub 55 got gobbled up quickly or dropped for mates!

Italy - production, 2 sands at 4.6 & 5.2 mmscf/pd & updated CPR Romania - Production 50% share Spain - Value will soon be added, CEO notes Spain valuation alone potentially upwards of $500m Debt free & cashed up for 2018 Market Cap £6.6m

I have a feeling that they may add another asset to the portfolio in the same mould.

Mornig squire

It is itching to move.

Once the churn is done, and I think it could be close we will move, if like me its a load up, sit back and relax. Edward and the Prospex team have been astute in their acquisitions and are delivering, the sp will catch up.

This will re rate sooner or later and the value will come through. Italy - Podere Maiar 1d will go into production with 2 sands at 4.6 and 5.2 mmscf/pd respectively. Italy CPR update and further development Romania - Production 50% share & further development Spain - Value will soon be added, CEO notes Spain valuation alone potentially upwards of c.$500m. Company has no debt and low running cost. PXOG is well cashed up for 2018 work Market Cap £7m Edward / Prospex have been astute in their recent interest purchases, I have a feeling another on similar lines may well be added soon and at any time.

The nearby selva 6 produced at a rate for ENI of 4.4m to 6.0mmcfpd constantly over a decade and at 2.6-3.5 for another decade after. The Podere Maiar will be a cash cow, 2 sands at 4.6 and 5.2 mmscf respectively.

This from one well will be a company changer alone