I took a look at LNG landed prices in Brazil. Over $12 this fall.
ALVOF contract price cap is $2 cheaper for Bahiagas.
New update should be out tomorrow. Gomo exploration wells to be spudded, and Gomo development wells will follow the new pipeline connection. Second quarter of $0.06/share dividend about to be paid.
6.57% yield at current price.
Looking like they are going to grow this small cap gem into a mid cap success just like they did twice before in S America.
Not wanting to sound promotional, but ignoring the illiquidity in this and treating it like a Private Equity investment has worked out well to date.