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Brakes coming off! Looking good. Burn shorters burn.
Someone just did, 0.5388 to buy currently. Buys showing as sells.
Interesting! Let’s see what comes of it.
Rough numbers on production based on flow rates: - Romania. - c197boepd, 50% interest = 97boepd. - Revenue of $2.12M pa based on $60 barrel. - Italy. - c900boepd, 17% interest = 153boepd. - Revenue of $3.35M pa based on $60 barrel. - Total $5.47M (£3.92M) pa! https://twitter.com/aim_bagger/status/968236414415536128
DLC today mentions PXOG again. “I think there is a real trade on Prospex Oil & Gas. I think it’s a little gem and a missed opportunity for some” Surely the market will wake up to the disparity in assets/Mcap sooner or later with near term production due.
Agree faze, company need to do more to get the message out there. I’ve suggested to them about doing more interviews, setting up a twitter page etc to increase exposure.
Was quite surprised they didn’t RNS the fact a new presentation was on the website. I know it costs to RNS but still, best to make PI’s aware. News soon IMO. Would be surprised if we didn’t have an update of sorts this week.
No probs, appears most trades are going through NEX today.
23/02/2018 11:01 250,000 0.52 - 23/02/2018 10:29 357,482 0.528 - 23/02/2018 10:29 200,000 0.528 - 23/02/2018 09:46 200,000 0.519 - 23/02/2018 09:35 283,179 0.519
Could be on NEX
You�ve just hit the nail on the head, Bear. Too many are losing patience expecting 50% gains in a week or so, as a result they sell up and chase the next rainbow. Personally I think in the �short term� within the next 4 weeks the sp will have seen a nice reversal. Lots of news to come and once it starts I expect it to come fairly thick and fast. Patience is key when investing in AIM. Sometimes difficult but ultimately rewards if you�ve invested in a company with solid fundamentals.
Over the years I�ve seen many O&G explorers targeting smaller plays in riskier geopolitical areas of the world with higher market caps than PXOG. 3 European assets, 2 commercial discoveries already under their belts... �6.5M Mcap. Trust in your research, value will out.
Agree Gunner, currently valuation is a joke. As soon as the newsflow starts kicking off again the story will start getting out there!
If I’ve got my fag packet calcs correct, UKOG have released flow rates of 10-72 bopd... PXOG’s Romanian asset achieved 194boepd, they own 50% so 97boepd. UKOG Mcap is £70M, PXOG Mcap £7M!! Romania going into production Q2. Plus Italy... Undervalued.
Doc Holiday on Twitter is posting about PXOG again which can only be a good thing! #PXOG Offers decent value down here, the interesting angle is the recent promo by #Coro on the sweet gas, additionally to Spain sizing. https://twitter.com/dds_docholiday/status/965937413041410048
Ultra tight spread, 0.54-0.55p, ask being paid. Feels like a move northwards on the horizon.
It is a monster, yes! Best case 830BCF worth $500M to PXOG!! High estimate 2.3TCF
Stage 2: option to buy another 12.50% for EUR280,000 (increasing stake to 15%)
Apologies, meant H2!!