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Would the general consensus be that we have participated in the Argentinan governments' auction of $3.70 BTU? The auction was planned for this month. Seemed you had to gamble a bit as to how much you could guarantee to increase production

Yes completely. Finland has been a footnote in all operational updates for some time. Rio opened applications for a Field Project Manager experienced in exploration on a permanent basis in Finland last month, applications now closed after 71 submissions.

Key aspects of the role;

Tasks And Responsibilities
-You assist the Chief Geologist and participate in decision making that enables planning and execution of field campaigns in a safe and efficient manner, which is compliant with regulations
-You are responsible for and manage all field operations related tasks according to relevant Rio Tinto processes, including field camp design, contract management for drilling and other service providers, budgeting and work estimates, scheduling and logistics, acquisitions and supply chain management

What a great few days and still the biggest 5 pieces of news yet to come! Looking a strong finish to the year.

They've had a position in PPC from at least Feb this year as per their portfolio announcements. I'm sure this was before any tie-up with LUFC?

I think the JV with Paragraf looks key and this has the potential to have a marked difference in performance. Otherwise now if I'm an FD/CFO and looking to make a significant investment in this area and there's no clear differentiator in performance then I would be looking at aftersales and who's going to be around to honour the warranty on the product if needed. Verditek have a number of risks associated with them but the market is massive and the lightweight/flexibility aspect of the product is quite cool, throw in a real boost to productivity then you really have potential. I'm in for more at 8p, worth another 6 months of a gamble for me.

Unless these are professional portfolio level executives and did this type of engagement regularly, then yes, perhaps this would have a chance of succeeding if they have enough clout and C-level contacts in their pockets. If on the other hand these people are not at this level and in fact looking for a full time paying role to cover their monthly bills, then I would not hold out so much hope for them producing results quick enough. I guess it depends on how you see it. You get what you pay for generally.

I think right now Argentina is a very high-risk country in the eyes of the World Bank and IMF - aka the USA, and therefore the markets are placing any value in the country very, very low. Also, there is a risk of nationalisation of companies and assets which has happened recently in the last global melt down. Until Argentina bends to the will of the US and gives them more rights/profits to their natural resources I fear this SP is going to not move positively for a while.

disappointing but predictable. There was no way in hell that they had generated enough income. They need to hire full time sales pro's. People who are working commission only are not fully motivated, they are not 100% focused on pushing this product. If a good proportion of this raise does not go to funding proper staff the company will wither away.

Are you suggesting then that a significant order should be near ready to announce in the next 3-4 weeks? Would this be a fair timeframe? I would think they have by now set up a fairly robust coverage of re-sellers and for small orders to have been trickling in for the last 5 weeks. As Aus is now opening up internally this does help, if they had Rep's with good O&G/Mining contracts, and one person in each state they may have been close to making an announcement. As they don't I would think nothing to note until early next year, probably Feb. Australians are widely known for taking a good long Christmas/Summer break.

external/high interest debt you need to use actual cash, internal/low interest it's just accounting.

it really feels like these kinds of results are going to have no bearing for a while on the SP.

with the downward spiral of this SP over the last few years I think the BOD now more than ever need to be updating on every single aspect that can build it back up. They made the announcement off their own back, they should follow it up. I also thought we were hoping for 4-5,000boed? I would think H2 will bring us there though on all this positive news today. Interesting that there's a figure now on Para, don't think I've seen that before.

that's actually barrels of crude
Vaca Muerta, located in the Neuquen Basin, with an estimated 308 Tcf of dry, wet, and associated shale gas resources

tied to what the Argentinian government will do with the price fixing of oil, if they allow a higher $rate that is good but they have also tied the Argentine Peso being worth 46 to 1USD for oil, currently, it is sitting at 78/1 on open exchanges. Lots going on politically and with current restructuring of debt to the IMF you would have to think they've made some major concessions for O&G, historically of course Argentina has often chosen to go the other way. I think the Majors are still ploughing ahead at this point unless someone else has more of an update?

No matter all above and how it will transpire, the company made some pledges that can be looked at to really guide performance outwith financials

Increase production to 4-5,000 bl doe, up from 2,600
Stay on track for an increase again in 2021 to be 6-7,500
Also pledged to decrease external debt by a 3rd by end of H1 2021

As the Vaca Muerta formation has around 16.2 bn barrels of share oil reserves being technically recoverable, it would be nice to see some increase in our proven reserves too. Optimistically, hopefully, this can get to 4-5p in the short term.

this company has struggled for the last 4-5 years with a need to raise funds to find their next patch. Having lots of shares = liquidity but it also makes it very hard for the SP to rise, and the board know this. So unless they start to produce a dividend they need to the SP to rise otherwise why would people invest further?

there are currently 2bn+ shares available in the company with a MCAP of just £30m, would seem reasonable to take out 10% of the share base for £3m, either with cash through sales revenue, or cash through finance, which should be low just now.

would there be any chance that the company is buying back shares, or would they have to declare this beforehand? Seems like a good return for a current £3m on their part and every shareholder too. Should have plenty of $$ flowing right now.

Agree with the 2nd half of your post but the 1st? This is not new tech, nothing really groundbreaking at this point either. It's light and quite flexible, what else? Aussies have been powering homes and businesses with solar for quite some time you'll find, as have lots of other parts of the world. I am a holder in the company and have been adding of late so I'm definitely aligned to an increase in share price but it seems logical now to hire a full-time sales team and capitalise on the product you've brought to market. Or not I guess if you are soon to announce imminently a much better version of your current product.

If ever there was a stock that needed an update from the Board, it is this. Silence is deafening, apart from the twitter highlights of deals we are not involved in. Yes the market is big, the world knows this, what it doesn't know is what part this company is going to play in it. Time to hire full time, fully engaged, B2B sales professionals. Speculate = Accumulate

he comes across as a jilted son-in-law...