Member Info for DugWalker

Takeover target if SP lingers at these levels.

About 12 minutes into the recent interview with VSA capital Mark Routh comments that permits for the two concessions (Spain and Italy) are a question of 'when not if' and that he's planning to be drilling both around Q2 of next year. That implies permits are anticipated in the near term future.

I wish we knew when things might get moving in Spain. I haveca feeling Mark Routh has recently hinted that he thinks there will be progress 'soon' but I'll need to find thd article/interview to be sure.

Which would be correct if they 4th July marked the end of the first day of production. I don't think that is the case and I interpret the PVE RNS to indicate production commenced on the 4th July so the first full day of production ended on the 5th. So by my thinking the end of day 30 is today and an RNS mY be imminent. Regardless it is possible they will withhold the news in order to start next week with a bang.

GLA.

The definitive po Valley RnS states that first gas was delivered on 4th July. That suggests that the first full day of productionended on 5th July. If that is correct we won't get an ip30 RNS till Friday or possibly Monday. The PM1 well was flow tested some time ago and the flows on a reduced choke were in excess of 100000scm/d.

Money in the bank for Prospex, reducing interest payments on loan notes and directors stating intent to hold the equity and increase their skin in the game. All just ahead of IP flows from Selva. What's not to like?

From the pxen first gas rns:

As part of the gas production process, Po Valley Energy will actively monitor production parameters in order to determine the optimal flow rate and ensure sustainable production levels from the Podere Maiar-1 well. By settling on a sustainable flow rate, it aims to maximise the production potential from the Selva Malvezzi concession. The Company will update shareholders on the production rates in the coming months.

If the intent is to report iP 30 flows it will bevearly August.

In the meantime TTF is co.fortably back in the 30's and today's Dec contracts settling in the mid 50's. Should be nice revenues coming.

The only certainty re Tesorillo is that it will require patience and perseverance. A cold winter is as likely to change the regulatory outlook as a change of government.

Centrw right party from Catalonia looks like they could be the kingmakers. Can see another election in a few months time.

McGonagall reincarnate!

Those 'sticky hands' have seen six months of continuous selling.

TTF for short term contracts back up a little this morning and year end winter contracts still settling around 50.

PXEN income expectations remain fantastic for the current mcap.

From the horse's mouth

'We will make money at gas prices far lower than 30 euros'

https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga

13 minutes in.

Nymex up 10% yesterday as Europe's largest gas field set for closure due to geological instabilities.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bloomberg.com/news/articles/2023-06-15/dutch-government-set-to-close-europe-s-biggest-gas-field-in-groningen-this-year%23:~:text%3DThe%2520Dutch%2520government%2520is%2520set,it%2520heads%2520into%2520next%2520winter.&ved=2ahUKEwiLvLyzmsf_AhVNEsAKHSl6AEwQFnoECBQQBQ&usg=AOvVaw3MomuJhicW0UTnunSLmLWe

European gas prices have douled in the last 2 weeks as Asian competition for LNG has increased. SOUC sell into southern LNG plants. A global perspective is key given what is happening in Europe.

European gas prices all but doubled in last couple of weeks. Futures comfortably back above 50

....bad weather..

The news is that the ad weather in Italy looks to be finishef and the TTF is back in the 40's following another jump today. Sheer idiocy to be selling.

Forecast for Po valley much improved from tomorrow. Should ease pressure on Fire Brigade and see a return to business as usual. Bodes well for first gas soon. Just in time to benefit from rising gas prices.

TTF up 13% so far today anð 35% in a week . Nymex up 2.5% in early trading today and looking liikely to be back above 2.5 soon.

With gas prices climbing we leave shoulder season and SOUC just waiting to open the valves on the DUC wells, the shares look a bargain at this level.