During the last 2 years, further detailed geological and geophysical work has been conducted which gives strong support to President's view as to prospectivity of its Licence areas.
President's management estimates that its Paraguayan prospect and lead portfolio identified to date contains a combined mean unrisked Prospective Resources net to President of 3 Billion BOE. This includes 10 Tcf of gas resources and 300 MMbbls of drill-ready oil resources in the extension of the light oil play proven by existing producing fields 30-70 km away across the Argentine border.
We look forward to providing further updates on our portfolio of assets in due course." April, Patience, easily see double digits 20p plus year end, HAS RISK.
Assumed was spreadex selling, gold project news well over due, coal news this 1st half this month. Has risk due countries his dealing with and carl esprey has some history, news on both projects I'm sure this month.lets hope it's good,notice lots share locked in till June,
Yes agree wasted too much time with P C, must get right people in too get job done,same with kzg formally Kennedy ventures Peter Hibberd then in charge,all GC old cronies that were not up too the job.
With production, construction and exploration news flow expected on these gold assets in 2021, as well as further progress across the broader Contango portfolio, we expect to generate substantial value for our shareholders over the coming months." Let's hope keeps too his word
What a result read RNS Gas well LB-1002, Las Bases field successfully completed with initial production levels 30% better than anticipated, reason 4 rise yesterday pre RNS. Paraguay will come patience, well done PL.
Cheap stock too be had at these levels, any positive news on off take coking coal or gold project and I feel will be buying double digits has risk but rewards could be high.
RE: The fundamentals may well out29 Apr 2021 19:19
No mention of paraguay deal in this rns, separate rns coming mayb anytime soon,done deal anyway just details of the deal, great move today on minimum volume,imagine if big volume could really move,