Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The true Matadors are saying Mr. Buck has delayed drilling because of possible oil strike at SL or a farm in deal.
So really, they are saying that Mr. Buck planned the delay and is actually lying in the RNS by saying they couldn’t reach an agreement with the rig contractor.
True Morons.
To all true Matadors:
Spin it all you want. Block XX not going to be drilled this year because they can’t reach an agreement with the rig contractor. You have it in black and white.
They didn’t say we have decided to drill next year as we’ve changed the drilling schedule and they’ll further update. Would give you cause for hope. Nope. They don’t have a rig......period.
Why didn’t they report that the well site preparation has been completed at Wild Horse. Instead we get that “community relations” are at the site awaiting the rig. Another red flag !
What Matad says and what they do are two different things.
Re: Chariot
It is the same. Posters were surmising that because the drill was to take 50 days and they hadn’t heard by eg. Day 44 or 45 (or earlier), then there was a discovery as they had reached TD already.
Turned out not to be true.
Posting conduct ? Hahahaha.
This from a poster who posted about possible assassination attempts on PM shareholders and then “adjusted/modified “by deleting the post when they couldn’t take the heat.
Grow up.
Mr. Positive/Mr. Fantastical,
I have not “passed judgement” on Block XX. I said it’s possible it is not going to be drilled this year and the more time passes without an update, the more likely this becomes. That’s my opinion.
You have been spouting for months and months and months that the SP is going to rise, going to rerate, going to be 30p next week, last chance to buy below 12p, etc, etc. You are a fantasy merchant.
Mr.Positive/Mr.Fantastical,
Has it not occurred to you that you might get an update on Block XX advising that drilling has been delayed till 2019 ?
Original guidance for Block XX was as early in the second half of the year as possible. This got changed to Q3/earlyQ4 in May. They have had to stop drilling previously due to severe winter conditions starting 30 Oct. These are facts.
It is possible we will get an operational update tomorrow saying they have signed a rig contract and they are prepared to drill end of Sept. But it’s also possible we won’t.
People who post the possibility of a delay are not panicking.......they are looking at the pros and cons. Unlike some here who are like children - they want to clap their hands over their ears and scream don’t say that, go away, I’m not listening.
"An accelerated tender process for a drilling rig for Block XX is nearing completion. Based on the progress so far, the Company expects to secure a good quality contractor with a tried and trusted rig and crew for drilling as early in the second half of the year as possible"............12 April 2018
"On Block XX, the rig tender process has been completed and results are under review.".........."we are on schedule to drill late Q3 or early Q4 2018 depending largely on the exact timing of rig availability."...........14 May 2018.
What PM says and what they do seems to be two different things. 7 months to find a rig ???
Facts:
"Making progress to source a rig"..........13 Feb 2018
"The tender process for a rig for Block XX drilling is near completion"......12 April
"The rig tender process has been completed and results are under review".......14 May2018
"Negotiations on the rig contract for Block XX drilling are at an advanced stage"........."Formal award of the contract is expected at the end of July".........25 June 2018
You would have to be brain dead not to wonder why we have not heard that a rig has procured.
Ojay,
Your response makes no sense - please clarify. I
And please reply to the question - when posters repeat ( ad nauseam sometimes ) that the SP is going through the roof, do you ask them about their investment strategy ?
Ojay,
Even though my investment strategy is my own business, I will say that I haven't added any shares based on this. I should be like you and ignore direct questions put to you.
I shall continue to offer my opinion - guess what - it's a discussion forum !
Florida,
What news delay ? Telling every detail ? The awarding of the contract is a rather important part of the process. The company said in February they were going to source a rig for Block XX. This is the end of August and no word.
All you can answer is that I’ve invented something or are a purveyor of fake news. It’s a discussion forum - get over it - not everyone is going to agree with you.
As for gender - I dont preface every name with his/her/they.