Member Info for panman

From wion news..

"Right-wing coalition making efforts to form govt

On Monday, the leader of the PP (People's Party), Alberto Núñez Feijóo, acknowledged that their party had not met expectations but revealed that discussions had already taken place with Vox and three regional parties - the Navarrese People's Union, the Canarian Coalition, and the Basque Nationalist party - with the aim of forming a "stable government."

Not seen any news outlets online giving the right much chance so thought that one interesting.

https://www.wionews.com/world/spanish-elections-pm-sanchez-says-no-to-another-poll-amid-fears-of-impasse-619133

"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, Po Valley Energy aims to

maximise the production potential of the Selva Malvezzi concession. Po Valley will update

shareholders on production in the June 2023 quarterly report."

Their March Quarterly update came out end of April so perhaps in July for the June quarterly?

Shame about Spain, thought the right would do better. See where the dust settles there in a few days I guess.

Meanwhile TTF is back over 30 which will do for today imo.

MSM seem to believe the far right are to gain power in Spain.

Can see why it was mentioned in the latest interview, Telegraph says they "deny climate change" so would have thought permits to drill for gas with them in power would be far more likely than with the global communist movement that's building elsewhere.

"Pedro Sanchez, Spain’s socialist prime minister, said he had “good vibes” as he cast his vote in a snap general election that could bring a Hard-Right party into government for the first time since the death of Francisco Franco.

34.7 million Spaniards face a stark choice between the incumbent Left-wing coalition or a new Right-wing alliance because neither Mr Sanchez ‘s PSOE or the conservative Partido Popular (PP) predicted to win an absolute majority in the 350 seat parliament.

The final polls before Sunday’s vote said that PP leader Alberto Núñez Feijóo will triumph but need the support of the hard-Right Vox, which rejects abortion and transgender rights, attacks PSOE policies on domestic violence and denies climate change"

https://www.telegraph.co.uk/world-news/2023/07/23/spain-election-left-vs-right/

Take it no one knew the answer?

Very promising update earlier in the week. Forgotten stock or little interest due to it being Aquis listed?

TTF knocking on the door of 30 euro's again and this is meant to be the cheap time of year for gas in europe?

https://www.barchart.com/futures/quotes/TG*1

Looking very positive for prices over the winter period imo.

Well if 6.2 got a WOW then 6.4 deserves a Whoopi Woo!

TTF gas is starting to make a nice recovery imo. looks to ave double bottomed?

https://www.barchart.com/futures/quotes/TGQ23/interactive-chart

Would be handy as believe in the interview he stated that ttf needed to average 30 euros for them to be able to afford the 7 drills they have planned across their plays once permits are in next year.

Hoping for a strong run from TTF over the winter to make things easier for them if that's the case.

5.775's are buys too. Hoping blood on the streets time is best time to top up.

Agreed but sentiment is fickle and can turn on a hat.

Yes seen its rising. On advfn they're still talking of 25 and are very bearish.

Was wondering if it would continue to bounce and be worth a long before the market notices.

Ttf gas price has dropped from nigh on 40 euro's to 26 last nine trading sessions. Think its fair to say PXEN look to be a play on TTF now which seems about right since their revenue stream is governed by it.

https://www.barchart.com/futures/quotes/TGQ23/interactive-chart

Thing is they haven't actually fully opened the taps yet. Round about 7.30mins into the presentation he states that and also that Po Valley have to RNS final flow first as they're the operator.

Could well be pleasant surprise ahead with Italy even before european gas price rises again.

Where does it say management have sold any? I can see they've converted and that the ceo and finance directors holdings in the co. have risen accordingly but can see no indication they've been selling.

Am I reading it wrong?

270K sounds reasonable to me too on the Italian revenue stream with the obvious caveat that he stated the taps were still being turned on progressively on the well so presumably if they finish up with what 12% higher flow than they have today they're right back up to the 300K/month at these gas price levels anyway which sounds a very nice return imo.

Gas price seems to be the fly in the ointment. He quoted strong flows as expected and gave fair indication that the 300,000 euro/month revenue stream was based on a TTF level of 30 euros.

TTF is currently 26.7 and looking weak (imo) so could do with a rise from here.

I had a look first thing and wondered about jumping onboard for a trade but they did only state $4M USD (£3.1M UKP) in revenues and with 674,306,055 shares in issue they seemed quite fairly priced already at this 4.1p level being a marketcap of just over £27.5M UKP.

Noted they expect to meet market expectations for the year are they expecting further growth 2nd half?

Apologies PrivateTesla I missed that.

Market will likely be disappointed as its not a blow out RNS and they weren't "pleased to report."

No still in. Was in when they RNS'd first gold sales of 10,000 oz's/year were around the corner and am still in now as first sales of 20K/month of coal sales are just around the corner...