Member Info for AParky

15% of Atome has disappeared to a company that has supposedly done some research on the future of hydrogen god knows what.

A good performance by the company in the drilling campaign with some positive results, will it transform the sp ?

With one swipe of the pen all the disgruntled investors over the last few days have been proven right, 15% has just been gobbled up by levine and once again he is taking control of a company also owned by others. By a so called company that's suddenly appeared out of the blue that we no nothing about, stinks rotten.

A bit harsh that Kid1, 4.5p at open 2.5p by close. :(
We may get a lift when we drill in 2022, but then again it might be 2023 when we drill..

We would be surprised if there were any customers, Harley st isn't fitted out yet and we don't have a working machine. The way the sp is going we may be in for another fund raise in the not to distant future.
Rutherford are using expensive equipment in their clinics which pushes the treatment costs up, once we are up and running Rutherford will struggle I would think

We all have our views of the company and its management and we all have our own agenda, sometimes we come out and defend those views.
Next news we can assume will be actual production from the final two wells and then on to farm out in Paraguay. What are we all expecting from the farm out deal, it would be interesting to get some views ?

My view is that all we will get is the cash to drll one well for fifty percent of the immediate concession, the reason being is I think we would eventually have walked away from Paraguay

It certainly is comeonvog and as you say plenty more to come one being the JV.

Would not high light the no funding required comment, that was once said in an interview a few years ago only for a placing to be announced very soon after, and days not months.
The constant dropping of sp prior to news isn't helping forward momentum

The rns's just get better and better let's hope it starts to reflect in the sp.

It was end of April and then early May, so this week with an operational update on EV1002

Setting up Atome may well turn out to be a very shrewd move going forward. Had an interesting conversation with the owner of garage where we have our car serviced, asked him about EV cars and he said dont bother they will disappear at the same time as petrol and diesel cars, hydrogen fuel will be the way forward. To many issues with EV's, range, charging and disposal of used batteries all relevant points, but like always we are being forced into something against our wills. We were told get a diesel years ago and look at the end result.

Data room
The process that YPF has now designed aims to contribute to the development of operators that have this type of expertise . The company created a kind of data room with the most relevant data from each cluster . “In general, the secondary areas of YPF are under-exploited because they do not make a fix with a company of its size. Many, in addition, are oversized in structure. You have to have more creativity and more discipline in costs in order to be successful, ”explained an entrepreneur who is in talks with YPF, who requested confidentiality.

The next few weeks will be key to knowing that YPF's asset sale process is strengthened. It is not the first time that the company faces an initiative of this type. On previous occasions, disinvestment in marginal areas - a measure agreed upon by most of the industry, including provincial governments - ended up being frustrated because it did not receive the approval of politics at the national level and also due to some internal resistance from the Upstream area. of the oil company, which is always reluctant to give up the asset operation.

This time, there are different incentives: YPF needs to focus its efforts on more profitable projects. Its cash does not allow to continue covering operations in conventional fields that do not add value to a structure as large as the company's. With little chance of obtaining international financing, the association with smaller companies in which the development of secondary areas can be delegated is a reason for recurring consultation by international investors, who have long demanded that the oil company focus on the most profitable assets of its portfolio.

N SEARCH OF MORE EFFICIENT OPERATORS FOR THOSE FIELDS
Exclusive: YPF negotiates the sale of mature fields with independent oil companies
By Nicolas Gandini

April 30, 2021
The state-controlled oil company designed at least four clusters made up of secondary areas in different provinces. It is committed to divesting in these fields to focus on developing more profitable projects, mainly in Vaca Muerta. Although the process is incipient, YPF has already signed confidential agreements with several independent oil companies and also with service companies that could re-become operators.

YPF, the state-controlled oil company, finally launched in April a divestment process in mature fields or secondary areas in different basins of the country. The CEO of the company, Sergio Affronti , had advanced the measure during the presentation of results at the end of last year. For YPF, it is a decision that makes sense with its strategic vision : the oil company aims to more efficiently house capital —which is limited by the general situation of the country and the particular situation of the company— in projects with a more competitive rate of return. like those led by the oil company in Vaca Muerta.

YPF operates 98 hydrocarbon blocks throughout the country, of which about 60 produce less than 200 cubic meters a day (m3 / day) of oil , according to statistics from the Argentine Institute of Oil and Gas (IAPG) for February. The Special Projects area, led by Fernando Giliberto, selected some of those from fields and formed at least four clusters of areas in different provinces of the country.

Private sources explained to EconoJournal that YPF signed confidentiality agreements with at least five companies interested in operating those blocks . The list includes independent oil companies such as President Energy , a small British oil company that controls eight areas in the Neuquina basin and another three in the Northwest basin; as well as some service companies that are already in charge of the operation and maintenance of oil fields are interested in going one step further and taking over the operation of those blocks.

“ Different forms of association are contemplated. From traditional farm-in and farm-out contracts to franchise schemes or partnerships for incremental production. The process is just in its first stage, ”explained sources close to the state-controlled oil company.

Better costs
The transfer of marginal or secondary areas to smaller companies, which can reduce operating costs and put a greater focus on the development design of the fields , has been a pending issue for YPF for years. The company chaired by Pablo González manages OPEX (operation and maintenance) and overhead (structure) costs that, in many cases, make the exploitation of these areas so expensive that it is uneconomical .

Thanks ecclescake, I was just nipping out to cast my vote. It does look interesting but would prefer some investment outside of Argentina.

It has been mentioned on the other board that YPF are trying to bring smaller companies in to take on their lower producing fields as they are no longer cost effective, an article suggests an entrepreneur who keeps costs down and ppc are mentioned as well.

NorthernMagic that's the figures for the whole of ppc acreage in Paraguay, one part of which we had a go at in 2014 and failed to get anything to the surface. Yes we are going for what they consider the best chance of success, why we didn't the first time is now history and better forgotten. Its as good chance as any being close to the Argentine border where there are producing fields, but also a word of caution, many have drilled without success in Paraguay over many many years.

Is that not the norm on the aim market Rogueriver, in out in out u shake it all about :)

PL invested in Hur a few yrs back through his PLLG investment arm,

It does and hopefully it will, apologies if I sound a bit/a lot glass half full but having been through the ups and downs since 2012 ie:- made some lost some it's been a tad frustrating. But alas 1p more and I'm back in profit after avg down my present holding

Comeonvog that would be icing on the cake but lets not forget the salta concessions are old and tired and will take some digging to find a sweet spot to produce a major find

Good rns again today with another 3rd well ongoing and projected to produce a similar amount as the first. Not like PL to take advantage of a situation, $200,000 pcm at $4, summer months won't be anything like those sort of figures.