Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Chiritza definetly could be the explanation. However the company could have made a statement saying that oil will be stored during the process and exported a few months later. I don’t think anyone would have an issue with that so why not be transparent.
One thing that concerns me is that every Rns from jan to sep gave specific oba figures. In October it changed and said “with platanillo crude exported through the Oba”. If they had released the figures it would have indicated production had dropped further to the 3.8k region
They have never responded to any of my emails
lets not forget, the figures published are throughput and not production. It is possible that oil is being transported via truck or stored whilst RODA debottlenecking is taking place.
It cant be a coincidence also that no update on the pumping station has been made.
I agree IIs are still holding according to the latest register. However, the source of the data looks reliable and it coincides exactly with a change in production reporting.
It cant just be ignored because it is negative.
Moneylender - you have managed to get replies from Nick Harrison in the past. Would you be able to question the OBA throughput figures as per link with him
Either production is down significantly, or is being trucked due to debottlecking of the RODA.
This morning when trading opened after the opening auction call, the spread was 15.8%. That was a clear sign that something was going in the background.
Shortly after the market maker CNKS dropped their sell offer price to 10.3p and BMCM dropped to 10.5p.
They were either trying to fill an order for a big buyer or there was a big seller in the background. Who knows.
10 minutes ago CNKS moved back to 11.3p, so hopefully BMCM will do the same shortly and the share price can move back into the 10p-11p range.
If JW can do with AMER what he did with Emerald Energy and sell to a major for a good price, then all will be forgiven from my perspective.
He bought a second tranche a few weeks later at over 20p. If he saw value at 20p and Cannacord Genuity and Hargreave Hale loaded up between 15p and 20p, then its all good from my perspective.
Agreed Colonel. I see Hermes Investment Management updated their data last week and have added another 800k shares.
I may be wrong but I thought the 149 fields are all domestic and part of ONGC India, not part of ONGC Videsh?
https://www.khabarindia.in/ongc-videsh-plans-scale-oil-production/
Hopefully when NSE update the market next week or the week after, they have secured the funding to acquire Vetra, so things can move on with PUT 8. If not, hopefully the deal has fell through and either AMER or GTE have stepped in.
I still cant believe that NSE stole the march on GTE for the Sur Oriente block
I agree, but you seemed to be under the impression that AMER told us in Sep that PUT9 & 12 were still happening this year
BF. In September we were told PUT 9 will be drilled in Q2 2019 and PUT 12 Q3 2019.
The other drills you are referring to this year are PUT 8 and have noting to do with the articles
BF. This was discussed a few days ago. Since the judges ruling, Amerisur have commenced and completed the seismic. They are now analysing to decide the drill location
Given Peel Hunt are the one broker that has been giving buy ratings for months and months, they are also the MM that are always selling shares. Now on the book selling at lower than all other MMs
They must be the MM acting for Rex harbour and trying to convince people to buy his shares
This is about as serious as the meeting at my local council hall this week to discuss proposals to turn my road into a one way system.
To put it into perspective Sirius are building a massive underground mine in the middle of a national park in the UK and you think this local protest about work that has already been completed is going to achieve anything more than a backhand.
Poor attempt at scaremongering.
Baysil will be signing that all night now lol
"I don't know anything about takeovers but I would imagine"
The first line says it all really
plus the circa 600k barrles produced during July - Oct worth another $30m cash.
Should get us close to $100m
dont forget to add
1. $10m receivables due from shell.
2. 200k barrels inventory already produced at half year, worth $10m at $50 net back