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).

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Spdr S&P Oil & Gas Exploration & Production Etf > Update

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Comment by good40on Oct 26, 2020 12:10pm

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Post# 31781668

RE:Update

Sounds like your " done deal " now has a finalization date of Jan. 29/2021. The agreement finalized on Aug.4th did not have any time limit.

The Aug.4th agreement between Shorecan and Essar , required NNPC approval of a license extension, which expired Sept. 30. So the PSC extension is the key.

Today's announcement shows the same. Requires PSC extension from the NNPC but now with an expiry date of Jan. 29.... Why ? Who has control over Essar Nigeria if Jan.29 passes by without a PSC extension ?

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Sirios Resource discovers visible gold in Quebec