Prospex Oil And Gas Share Discussion Threads

[vauch] 09/7/2020 12:48

Why has natural gas near doubled an a couple of days now at 2.55

[tasty1] 06/7/2020 19:50

Pxen thread started broad

[broad] 06/7/2020 16:03

Could someone start a thread for new ticker pxen

[tasty1] 06/7/2020 13:17

El Romeral money put aside for purchase so that's done!!! no placing there as last in last over subscribed placing rns

hxxps://www.voxmarkets.co.uk/articles/prospex-oil-and-gas-raise-720-000-to-fund-el-romeral-acquisition-a8994b5

[tasty1] 06/7/2020 12:59

hxxp://www.prospexoilandgas.com/cms/wp-content/uploads/2020/06/PXOG-Notice-of-AGM-2020.pdf

[soulsauce] 06/7/2020 12:04

Thanks tasty.

[tasty1] 06/7/2020 12:01

Consolidation resolution 9
The board at present has no definitive plans to issue further new ordinary shares
Waiting on Selva news and whether they resource based lending against commercial gas as alluded in rns we also have small revenue to go at guess it depends on what crosses the line first, but you can never rule out placing as this is aim.

[soulsauce] 06/7/2020 11:53

Ok cheers Vauch.

[vauch] 06/7/2020 11:45

Yep, as they stated in the consolidation that it needed to be done to allow them to do future placings.
So i fully expect another soon

[soulsauce] 06/7/2020 11:34

tasty do you think now they have consolidated that they will be raising again?

Seems to me the market is discounting for such a case.

[tasty1] 06/7/2020 11:31

We are well undervalued on commercial gas alone on selva with more wells to go at there in Italy just imagine when El Romeral 95bcf potential with electric power station 50/50 split now with Warrego plus revenue in a already gas commercial area and tesorillo 837bcf + 3 more potential gas finds come into play 15/85 split now potential 50/50 split with Warrego wow just waiting on news all 3 projects but chill till news

[spangle93] 06/7/2020 10:57

FYI, Cenkos in their report on UOG issued today gave a risked NAV for UOG's 20% of Selva 2P reserves as $2.9MM

The Risked NAV for the Selva 2C resources is $1.6 MM.
The Risked NAV for 4 of the exploration targets in the Selva licence totals $4.6MM.

Adding the core NAV and exploration NAV is therefore $9.1MM for UOG's 20%, which would pro-rate to $7.7MM (£6.1MM) for PXEN's 17% stake

So on that basis it's well underpriced.

[johncasey] 06/7/2020 10:49

JUST chill..all will come good ..ED the man

[tasty1] 06/7/2020 10:34

first part of seismics 15% and are on with 2nd part of seismics larger area

[tasty1] 06/7/2020 10:31

probably because they are on with their own cpr to de-risk the area we hold 15% from the first part of our cpr where the certified area is wow and are doing the larger area with 3 further potential gas finds just waiting for long overdue results hope this helps

[spangle93] 06/7/2020 10:14

Thi tasty1 - yes, I can find the table, it's the report from which it was taken that doesn't seem to be available anywhere, and for which I was searching over the weekend

[tasty1] 06/7/2020 09:46

spangle93
hxxps://warregoenergy.com/assets-projects/spain

Resource Certification

Netherland Sewell and Associates (“NSAI”) have independently certified an unrisked Prospective Resource of up to 2,289 BCF* (2.3TCF) (1,946 BCF 85% net to Warrego reducing to 1,147 BCF 50.1% net to Warrego upon completion of Prospex Share Purchase Agreement) for the Tesorillo Project as outlined in the adjacent table.

[spangle93] 06/7/2020 08:19

Request for help - does the NSAI CPR on Tesorillo full report exist anywhere on the web. I've found a single page/slide highlight with the volume figures, but nothing with their underlying report.

[soulsauce] 02/7/2020 18:17

And as happens after most consolidations the price continues to go down some more.

[semaj2000] 30/6/2020 15:25

Prospex Oil & Gas ‘confident’ in becoming a diverse energy company -

[tasty1] 30/6/2020 15:18

Change of Name

The Company's shareholders also voted to change the Company's name to Prospect Energy PLC. An application has been made to Companies House for the name change, and, once approved, Prospex will trade with the revised TIDM of AIM:PXEN. Further announcements regarding the change of name will be made in due course.



The Company's website will become www.prospex.energy.

[kibes] 30/6/2020 13:09

PXOG ticker will be replaced by PXEN tomorrow as I understand it. Market makers will probably pull the price down hard first thing so it could be a buying opportunity for those brave enough. Current price around 0.07p will become 1.75p in the new shares.

Vauch - there will no doubt be a placing at some point, however they will try to get the price up first if they have got any sense.