Dear Maglan
I would like to open a discussion with you regarding the drivers of the future increase or share price.
The approval of the CASE drilling program was communicated on September 18; no price movement. I noticed that you mentioned that Pilot Plan would be financed ba the JV partner, in the press release the Mgt mentioned a shared financing.
MERVAL listing; I would agree with the Mgt that there is no hurry to be listed in the actual volatile and stressed context of Argentinian market. My opinion is that I would prefer a quotation in NY or London. Secondly, the quotation should not have an impact on the value of a company, it is just a question of visibility.
COIRON Amargo Norte; an update is welcome.
Acquisitions; in theory they can make a good deal but we will need 3 to 4 years to have an impact on value
JV Curamhuele, still pending but same remark as above, time to have an impact on value
The real short term impact would be :
-price of oil and gas
-increase in production and reserves
-improvement of situation in Argentina
-visibility of share
-etc.
Your comments are welcome.