PC43,
1. Still to be sorted. Delays.
2. 30 days??????????????
3. Gunna be a wait.
General comments.
Its a buyers market in the abstance of news.
Sellers are taking trades of the bidders as in the last 500,000 at 5 cents today. In Matchouts at end of day auction trade I am seeing sellers in control trying to reduce or increase amount they wish to sell at a .01c premium
VPE has almost always been optimistic re time frame re oilwells to be drilled. I am sure nothing has changed for the next 2 months. Nothing.?????
I am also sure that Santos and Beach and Origin are going to continue drilling the Charo field. 7 etc. Next week Bpt will report on Charo 6 as cased for production maybe. This year they will have to talk re a common field. ?? Impress still have a overhang of the 3 cent rights issue sellers. I will be to a seller of some but not until the fundamental price value matches the traded price. ITC have 1150bopd with severe chokes and little water from Growler. I am a constrained buyer at 5 cents as what oil stock can you find that is cheaper on Fundamentals. 247
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