4 Events BOD Can't stop the news23 Jul 2018 20:35
Whatever the games, tactics, weather, delays BOD Manips -- four mega news events will happen beyond, their control:
1. Ecuador Bidding Round - minor fields Mid August - as part of Intra campos block awards will be announced
2. Vetra\ New Stratus Acq'n - Deal deadline 31st July 18 - structural change, could involve Put8 & GTE
3. Indico - spud will start in August 18
4. Put 8 Spud post deal - economic necessity to support acquisition.
We've lived through the worst, this SP has been tested and so the patience of every shareholder, I think the RH RNS is the starting position and over the next 4 weeks, draw a line under the H1 performance, for If they acquire producing assets they win with the City and increase reserves massively, their drilling on top becomes gravy. There's more to Ecuador than has been announced, be great to get an insight into how this truly pays out. IMHO RH new the delays, i.e lack of roads for N Sands, then Low POO, Ecuador NOT Attractive for investment 2016 - old tariffs. the limitations of the RODA system. Since then POO +$70, Vetra structural change for Put 8, The Ecuador Govt Oil profit sharing change/tax - attract investment, Chiritza deal to strengthen RODA, it has taken 2 years but the majority of the pain is in the rear view mirror now, the hard yards are nearly over, acquiring even lowly producing assets that can be advanced - ideally in Col & Ecu pushes us over for the try. We need to increase scale, in all areas, with disruptive investment and debt finance, we're playing with the big boys now and GTE PetroAm, Ecopet $5m a pop does not cut the mustard, we need scale for credibility and negotiating more robust deals. GLA News soon, on that front then our drilling on top. In Cuba they say it can't rain for 100days, but it's Fecking trying. GN GLA