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US$670k a figure iv found unsure if this is correct which if is true is huge wage 4 company of that size
Any1 here no what P L pays his self, not mind high wages aa long as company is success which its no yet.
Interesting has now admitted mistakes were made and takes full responsibility unfortunately so do us investors in share price, still think this could turn and will continue hold, very low market cap, unfortunately gas oil fixed so not benefiting from higher gas oil,trafigura export some at higher prices, GLA he may surprise us yet solid company.
Rio Negro quite clearly has not been the success they hoping 4, why he left the best 4 last paraguay i not fully understand, atome there hoping get listed by year end, interims this month,only positives I feel much of this now priced in so hopefully not much more downside, at least P L admitting too mistakes which have in turn affected share price.
Hi Seawolf,
Is there somewhere I can listen to the Presenation and Q and A. I cannot see it yet on President's website?
Atb,
Northern
Just listened after the event, and noted PL’s comments about the bashes idiots on the BB’s in general.
I don’t doubt that PL and all of his employees are working hard to make the company successful and I am sure we are all grateful for their efforts. However, PL has and continues to do well out of President, unlike the shareholders, just look at the chart it doesn’t lie. That is the problem and the next 12 months will be pivotal.
Just a last note, look's like Paraguay will be a free carry to PPC with lower costs to drill because of weaker peso.
Personally , and i have been both bull and bear , i think now is the time to buy. It looks like the gas wells did not preform as was hyped up by Levine (what's new) and Louisiana has not been producing for at least 3 months. We could be in for some personal gain from ATOM through holding stock and to PPC directly. As has been stated it's all about oil from here and i would think the market will like that ( it never did give much credit for the gas ) I think the forward statement will look good and as he stated , "the cash flow will be significant". Going to listen again over the weekend , but looks like Paraguay will be all set to go next month and ATOM ipo before year end. Bridgedogg1 i think you will miss a good % move before end OCT as the market will be forward looking by then. IMO Right off to work to pay for more stock next week.
I couldn’t quite interpret the vague hints about the interim results due this week - I assume they are not going to be great due to known issues with a number of well. Future looks bright though, spud in mid-late October then continuous drilling into 2022, up-to 5 wells I think. I’m going to sit out until late October, prob miss the boat as usual.
Really enjoyed the presentation. A few things clarified that were left to BB chatter to try and come up with the right answer but get wrong.
Glad i held, all about oil from here (and ATOM) . HYR next week??