EGY-New Floating Storage Vessel arriving at New Well (approx latest date*)

We estimated the latest possible date based on the non-specific language used by the company. This is expected “early August” according the the most recent 8K filed (link: https://www.sec.gov/Archives/edgar/data/0000894627/000143774922016827/0001437749-22-016827-index.html).

It coincides with the successful start of production of 2 new drilling sites. The selloff after this announcement, yet before the date of the storage and offloading vessels arrives, suggests short term manipulation. Runup traders may likely take advantage of the dips leading up to the PR that will come out.

The date of “early august” is based on the fact that both vessels are already in transit. It would not be unlikely for PR to come out in the first week of August even.