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Gas Plan 4 is now official. The Gas Plan aims to promote investment into gas production in Argentina by giving financial incentives to the industry #gas #Argentina #PPC
There is only one logical reason for the share price to be held back at the moment
The 90 million IFC shares have been taken up by the Market Maker JBER, as they see this as an easy way to make money on the shares they hold, considering they got them for 1.1p
The share price will stay at these until they have moved on their shares to new buyers
Its a dirty tactic by the Market Maker considering Peter Levine said that a third party was willing to buy all those shares from IFC, but it never happened, and we will never not what went on behind the scenes.
Annoying....Frustrating....Manipulation.....Welcome to AIM !!!!!
Sell 100000 shares at 1.6276p
Buy 100000 shares at 1.625p
someone figure that out lol
Interesting new holder of PPC shares as of 2nd Nov
West Yorkshire Pension Fund -- 7.81m
(Leeds United Football Club exposure ?)
This is one that is still getting out of PPC
Norges Bank Investment Management 8.09M remaining as of 2nd Nov
which could be the reason why JBER marketmaker has still got shares to offload
IFC's remaining shares have found a new home
time to buy
seller out
Norges Bank Investment Management -11.41m / -58.52% 8 million left since 8th Oct
Not many left , so could be out of the equation now
Problem is we have a shareholder who wants to get rid of 98 million shares currently (IFC)
Lol the buy and the sell price is 1.45p
They still need to shift around 80 to 90 million shares which belong to IFC
It's pretty obvious that there is a seller about, hence why all the buys were being soaked up today
It is most likely that IFC are looking to dispose of their entire holding of just under 5%
the fact that they have not sold any shares since they were originally purchased and the RNS issued the other day with a decrease in their holdings leads me to believe that is the case
19-Oct-20 16:07:06 1.50 5,000,000 Sell* 1.45 1.60 75.00k
most likely their trade from yesterday
Not at all, its just that someone interpreted it that way - as they have been selling shares, which is not the case as explained earlier
Schroder Investment Management Ltd. -22.42m / -11.09% 179.71m
they still hold 8.95%
its only because more shares were issued to trafigura they have a smaller share of the pie
the rest on the list only account for 1.5%, so hardly a cause for concern
BUENOS AIRES, Oct 14 (Reuters) - Argentine President Alberto Fernández is readying a sweeping plan to encourage local producers to increase natural gas production, the government said on Wednesday, hoping to ramp up output from the country’s massive Vaca Muerta shale formation.
Fernández will travel to the remote region, thought to house one of the world’s largest unconventional oil and gas reserves, to officially present the plan on Thursday, the energy secretariat said in a statement.
“The aim of the plan is to encourage the growth of gas production in the coming years,” it said, adding the scheme would also push to involve more small firms, boost job numbers and increase value in the domestic production chain
8,722,213 new Ordinary Shares to CGC at a subscription price of 4.45p
5,644,599 new ordinary shares to CGC at a subscription price of 4.05p
12,298,153 new ordinary shares to CGC at a subscription price of 1.315p
7,073,856 new ordinary shares to CGC at a subscription price of 1.825p
not much to sell and most of them have been paid at a much higher price
That was very generous of them
10:59:42 1.70 100,000 1,700 O
10:15:57 1.70 114,312 1,943 O
10:05:33 1.725 150,000 2,588 O
09:36:28 1.725 112,350 1,938 O
09:01:31 1.725 57,971 1,000.00 O
08:25:15 1.78999 111,064 1,988 O
08:16:53 1.78999 138,997 2,488 O
08:01:27 1.75 50,000 875.00 O
08:00:38 1.78999 55,312 990.08 O
all put down as sells, 3 of them are buys
1.75 and below are all sells
RNS was out yesterday on Paraguay
https://twitter.com/PresidentPlc/status/1296807133036654592/photo/1
Their twitter account is working overtime lol
1. Workovers of two wells are now expected to commence by end August 2020, both at the Estancia Vieja field. The wells being EV-20 and EV-x1 are not currently producing and the workovers are targeting total initial production of 3.5 Mmscft/d of gas and 50 bopd.
not long to go .......