Member Info for BumblingFool

Supply and Installation of Wellhead & Services for Two Exploratory wells in CPO-5 Block

Tender No. ONGC-VL/COLOMBIA/MM/Wellhead/ 161/2018/26
Last date of receipt of request for issue of tender
(along with documents evidence meeting PQC) : 18.07.2018 upto 17.00 Hrs COT
Last date & time of bid submission : 30.07.2018 at 14.00 Hrs COT
Date & time of technical bid opening : 30.07.2018 at 15.00 Hrs COT

Feels like lost that positive momentum we had, drifting a bit. I find it hard to be as upbeat about the high levels of shorting. I expect the SFO is a leaky ship and there is chatter about negativity in the future. I have no real evidence to base my concern on but it does worry me somewhat. Think some bumper contracts are needed here to send the shorters scurrying which could give a lovely spike! I’m holding but wishing I’d reduced my position a bit in the mid 6’s.

Think ochziff are suffering some big losses here AQR reducing too. Also in the news today new satellite launch pad to be built in Scotland and sites shortlisted for horizontal take off development. Watching this with interest wishing I hadn’t sold!

On 5th July RNS they said 2 more weeks of civil works then rig mobilised, so no news till August update most likely. ONGC haven’t awarded contract for staff to oversee drilling yet so no news there till August maybe longer. Vetra are being bought out, so who knows how that’s impacting there program. Q3 guided for both Vetra and ONGC. What is it that everyone seems to think we should be getting now?

Reads very well!

DT

Thanks for tip, looks a bit volatile here for me just now put it on my watch list.

Thanks DT I am terrible at keeping money in my trading account, I get so itchy to get it back in the market! I made some of my ISAT losses back on this last trade so not so bad. No point worrying about ‘could have, should have, would have! What’s done is done. I’d have been much unhappier if I hadn’t sold and it had dropped.

Any way I think PFC is due a significant uptrend soon £6+ by August.

Roles & Responsibilities
(a) To work as the Day Drilling Supervisor during drilling of the well, acting with high responsibility, playing operational role as the company representative on the drilling rig, managing a team, planning and prioritizing activities and using his expertise to resolve any operational problems safely and efficiently.
(b) Ensure optimal allocation of resources and logistical support to the Drilling rig by advance planning of work
(c) Supervise the daily activities of the personnel of the Service providers at the Drilling rig during drilling operations, as well as during well testing;
(d) Coordination, management and evaluation of the activities of Service companies
(e) Monitoring of the cost of well construction and optimization of construction cost;
(f) Maintaining records and preparation of Reports
(g) Must hold a valid Rig pass & IWCF well control certificate during drilling and well testing
operation.

So drilling not starting for a while yet by the look of things!

Hiring of Agency for providing ‘Day Company Man’ and ‘Night Company Man’ for three wells (Indico-1X, Sol-1 and Aguila-1) in Meta Department in CPO5 Block, Colombia

Tender No. ONGC-VL/COLOMBIA/MM/Company Man/ 160/ 2018/25
Last date of receipt of request for issue of tender
(along with documents evidence meeting PQC) : 11.07.2018 upto 17.00 Hrs COT
Last date & time of bid submission : 23.07.2018 at 14.00 Hrs COT
Date & time of technical bid opening : 23.07.2018 at 15.00 Hrs COT

You could be right Blue, but it’s just hit 12month low it’s been in down cycle for a while, calling the bottom is always hard but I’m confident I’ll maintain a divi and a return there by going long from here. PFC remains my biggest holding, just waiting on some big contact news to send the shorts scurrying. The right thing would have been to leave my funds in ISAT up nearly 7% since I sold out this morning! Doh!

Hi Mark

Not seen you on PFC board for a while, did you sell up there? I was very tempted to half my holding at 650 but spent to long pondering and missed my chance! Hopefully this will prove a good entry point for me here. I do like the lack of debt!

I’ve stuck it in BDEV instead, similar potential upside and good divi. About time I spread my risk a bit more!

Bought in today for first time, hopefully results will be in line or better than expectations. Looks over sold to me hoping for a decent recovery from here.

Well if it gets below 550 think I’ll be putting the funds I freed up with my poorly timed sell in ISAT this morning

I sold this morning expecting a drop. Looks like I got this one wrong!

Yip disappointing.

Steady progress towards permitting!

A negative news article to coincide with a fairly positive trading update, bit of luck for the shorters!

Thanks Anapa, do you remember the good old days when RNS used to appear on this site!

I still have away to go to break even on this share but having now recovered a lot of my losses I’m tempted to cut and run. Feel a short squeeze is on the cards, might explain this afternoons jump up