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"With regards to Paraguay, the farm-in discussions continue with the previously identified party, a substantial national energy company from a non-Paraguayan, democratic, economically stable and technologically advanced country. "
So it's not Petropar. Guessing begins again
Selling part of your holding whilst retaining the rest
You can well understand top slicing especially this morning when it was up at 2.8p. I have certainly top sliced today and very happy with returns since Nov. It is going to be volatile this week. MCap has virtually doubled since PL's blog on IFC and Berenberg. If it's Paraguay on Monday then this goes stellar. However, enough of us have seen booby traps in some of these PPC announcements. It's going to be very interesting and is certainly good fun to watch unveil
2.9m trade delayed from yesterday is what got the market moving I suspect. Decent position
When spluttering into cornflakes this morning having read the reserves update, who amongst thought that we would be 12% up come 4.30!?
Dropping Paraguay 536 MMbo undiscovered oil-in-place into an Arg reserves RNS for no obvious reason and not having done it before is, well, thought provoking at least. Especially when you are in advanced talks with a NOC.
Brilliant incremental enhancement to the bottom line. $4 is significant. What are the net backs at Puesto Flores/Estancia Vieja now and after this?
I thought you were out of this following your last few posts before the rise
That is not enough. A good farm out deal and you are looking at 4p IMO
One bit of news confirmation in the RNS is on domestic gas prices in Arg. Welcome confirmation in my opinion. In the 7 Dec RNS they were getting $2.1MMbtu. This is now confirmed to have risen to $2.3MMbtu. I would have liked confirmation on domestic oil prices.
i suspect they are buys but if they are sells then they aren't having much of an impact which is good
Nice little USA video up on twitter. Not seen anything on Louisiana assets before now
Market Makers are running for cover today. Bidding for stock but ****ing in the wind as there's no holding it back. Sellers strike and buyers clamour for more
Surely Levine is out on the lash tonight having cancelled JBER and IFC in his melt down podcast at 1.2p the guy must be loving it at 2.05p. If you think Brasso has gone big then Levine is well and truly balls deep in this share price.
No holding this back now. This is re rating
do you have a link to the source?
not seen this before. what is it actually telling us
Brasso - Not easy to find and I am not claiming this is the price but i often look at megsa.ar which is a price exchange for nat gas in Arg. They release results of auctions. Gas prices internationally are freely available and rising fast but of course Arg is in summer. Would like the company to update us. Structurally there are factors in SA which in my view point to higher gas prices locally
A lot of chatter on oil price which clearly has a massive impact but gas is flying as well which should not go unnoticed as gas is now a sizeable part of current and future production.
got your ear to the ground as always Northern. Things looking good. Hope the tortoise is not a metaphor