Member Info for AParky

A bit of info on recent acquisition and maybe more possibilities

SOCIETY ��Saturday | 04-02-2017 | 00:01 | Reading time 01:53 (377 words) OILSTONE AFTER BUYING A RIONEGRINO BLOCK The Argentine firm is leading a kind of competition that Chevron made to sell the Rio block Estancia Vieja-Puesto Flores, after the withdrawal of Central Resources. The independent oil company is advancing in the purchase of the Estancia Vieja-Puesto Flores rionegrino block, an area that Chevron put up for sale in 2016 and of which it still could not get rid of. According to official sources, the Argentine firm is heading a sort of competition that the American made to sell that block, the only one of which owns 100% in the province. From R�o Negro. This operation of rights has the peculiarity that the license of concession of the area expires in 2017, reason why the firm that finally acquires that asset must renegotiate a extension of 10 years with the Secretary of Energy. This is a process that will be done concurrently with the purchase, according to the newspaper "R�o Negro". The entry of Oilstone in the negotiation comes after the failure of the intention of purchase by Central Resources, an independent oil company of the United States that has participation in the Neuquen Basin but that is in a process of withdrawal. Sources close to that negotiation said that Central had signed a memorandum with Chevron to negotiate bilaterally for those blocks, shielding the possibility of another company getting in the way. In the sector, many have taken that preference to the friendship that the owner of the smaller firm, Paul Zecchi, has with the outgoing business manager of the oil giant for Africa and Latin America, Ali Moshiri. However, the withdrawal of Moshiri, who will step down in April 2017 and a reevaluation of the value of those blocks would have led Chevron to withdraw from the deal. In addition to Chevron, other companies want to get rid of blocks in the province of R�o Negro. YPF is also trying to get rid of a number of marginal areas such as El Medanito, Barranca de los Loros and El Santiague�o, which already have an offer from Aconcagua Energ�a, founded by Diego Trabucco. In addition to these fields, YPF will seek to leave its holdings in Loma Negra and La Yesera (controlled by Chevron) and Agua Salada, managed by Tecpetrol.

NM I was thinking the same, unless there is news coming between now and Wednesday they can only go over old ground, seems a bit pointless when as you it was only a couple of weeks ago

It's amazing what a quality bod can do with a sp

Apologies 2 + 2 made five.

https://www.rolex.com/watches/yacht-master.html

YM I was putting 2 + 2 together the other day by calling you Rolex assuming your title came from the watch, Richy was just questioning it :) A nice steady rise from here on the cards hopefully

Yachtmaster

Yatchmaster

Who's not supposed to buy in , J Wardle has nothing to do with kenv

Well this is nice to see, let's hope it keeps going. Add me to the wished I'd avg down list. Well done to those who bought in the lows

Rolex he's not going to rise to your well placed fly, I wonder why

There is one thing guaranteed for the next results from ppc, they are going to look a lot better than any we've had previously. We are like team land rover-bar we were starting pick up speed and something went crack and we missed a race or two, but now the helmsman is getting us back up onto the foils and away we go, just hope we don't get knocked out in the semifinals:)

Lol nice to have a chuckle over coffee and toast on a Sunday morning, if he comes back ramping the hell out of his fictitious visit then run for the hills, they may even have lithium in them.

No it's fixed, it used to be a lot higher until the new government came into power ( thank goodness) last year or the year before. In return for dropping the set pricing they changed a few things which offset the loss and freed up how much money could be taken out of country. Eventually we will fall back onto Wti prices

I don't think tricky Ricky likes shorters. Why hold shares in a sector that's not very popular at the moment and blame everyone else but yourself, take a look Amer,Pmg and other small oilers that should be a lot higher. The tide has to turn, when is anyone's guess

Half year report not results

Results are due anytime, we could get an update on Harley st, long term funding and any further progress on the light machine, personally I think it's the long term funding expectations that could be driving it slowly forwards.

I'm of the same opinion rns saying quite a bit of interest in Para but nothing more, wouldn't be surprised if it ends up being our Chinese neighbours in Arg. Bopd may come in but wont be surprised or disappointed if uts in the next few weeks or so

A decent percentage gain over the week with results and arg update still to come at the end of next week or into the week after