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Spdr S&P Oil & Gas Exploration & Production Etf V.XOP.W


Primary Symbol: XOP

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas exploration and production segment of a U. In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index (S&P TMI).


ARCA:XOP - Post by User

Post by oilsupporteron Oct 16, 2017 4:09pm
85 Views
Post# 26818483

financing

financing

I am encouraged that the release related to this share issuance at least stipulated that now we are only looking for the ministerial approval of the purchase of OPL 226.  If you read that release carefully, it is saying we are waiting on that and then we are expecting to drill under tightened timelines, as we don't potentially drift into 2018.  They didn't say anything about the progress of financing, which in my OPINION, means it is done and they can't discuss terms yet, so it cannot be disclosed.  Nigeria wants companies working and paying royalties, so they wouldn't obstruct a company from drilling and adding to royalty revenue.  So based on that last release, the company seems to be telling us they are going to meet their 2017 appraisal drill target date.  DYOR and make your investment decisions accordingly.  Personally, I am adding to mine.
 

GLTA

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