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Must be something happening, otherwise why would a wise old sage like you be here ?
I am of the opinion this is a red or black gamble and happy to take that risk plus you are good entertainment value, piping up at the slightest opportunity, have you no investments to look after?
Uruguay's state-run oil company Ancap has awarded all seven offshore oil and gas exploration licenses open for bids to four foreign companies: YPF (Argentina), APA Corp (United States), and Shell and Challenger Energy Group (CEG) (United Kingdom), it was reported in Montevideo Seven offshore blocks became available to bidders in 2019 with an average area of 15,000 square kilometers each, located between 100 and 300 kilometers from the coast. Ferro also said that in May 2022 a first contract was signed with CEG, while five more are expected to be signed in October and the last one is expected to be signed by the end of the year.
This is the interesting bit…….
Other bidders were Brazil's Petrobras, France's Total, and Britain's British Petroleum (BP), British Gas (BG), and Tullow Oil.
Its time to chill, more progress made, the CEO in fairness did state in his interview that he can only control things within CEG, he can't control how long the Farm in partner takes to do its Due Diligence etc. So if it Q1 then so be it, he was just a bit naive putting the "complete by the end of year comment in"
Can someone just explain to me why you would spend your time on a share discussion board if you have no investment and no intention to invest? Is it for some kind of sexual gratification ?
Me personally I have been in since BPC days, my investment went down (I didn’t lose because I didn’t sell) I watched and decided , of my own volition that there was a new direction here, I decided to invest some more and now I am overall in profit, (I haven’t gained money yet because I haven’t sold) this still has plenty of legs over the coming 18 months I am sticking and I MAY throw a few more quid in
Anyone providing funds for O&G exploration is going to want a significant discount, as we all know on here it’s red or black, would you gamble a significant amount without a deep discount? The interesting part was the farm out process is progressing well and they are hoping to conclude in 2023, now its funded beyond that they don’t have to accept the first offer