The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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75p to 1.5 p in 10 years might see some long term shareholders here having to rough it too, alas.
The first PL interview I saw a few years back had him in a pair of cowboy boots and I then looked through the accounts and saw the extent of monies that had been blown here and thought how apt.. I was cautious on this off the back.. and I've not seen him wear cowboy boots again since in interview, thankfully
(I do think the penny dropped for him a while ago that the post 2010 shale world is universes away from the pre shale world.. it took far - far - too long for that penny to drop .. but the future should be bright from here now imho )
I'm sure Peter doesn't mind roughing it from time to time. Video does also show a nice sunny day and sparse vegetation - potential for some solar panels I would have thought?
The living quarters at the end of the vidio look a bit sparse . ;-)
Nicode Peter created this low risk with the debt pay down, getting Traf onboard and taking advantage of the current climate of covid. This will rise out of the ashes very soon GLA
Indeed. Good to see those facilities up close in a video. I'm liking the updates PPC!
More great updates :)
https://t.co/nAtjasab1z
Ok thanks all. Almost 50% in very safe hands. It amazes me how there is a huge flurry of sells whenever we move up a few points of a penny, particularly as we are pretty much at bottom so no one's really turning a quick buck here.
In terms of practically zero risk now and huge reward potential, PPC has to be one of the best small o & g plays on the LSE yet the price seems affixed to the floor.
Still, patience required, I have lots of faith in P Levine and Trafigura. What's not to love about this company and such an opportunity to get in/average down so cheaply..
Our Day Will Come...
Trafigura will hold approximately 18.3 per cent of the entire enlarged issued share capital in the Company and Peter Levine (through his investment vehicles) will hold 29.95 per cent
It is disclosed on PPC website, 16.67%
I totally agree Steven49 I believe P. Levine will produce the good and have always implied that. The market obviously doesn’t buy into the RNS the moment. Just keep purchasing shares when you’ve got an extra few quid available. All good things come to those who wait.
Aprox 19% I believe
Does anyone know how many shares or approx % of PPC Trafigura actually hold? I've tried looking but couldn't work out, need to try harder but hoping someone could save me the job.
Things are going full steam ahead and im sure President's SP will come good very soon
Mr levine holds near on 30% of companys shares along with trafigura which I believe have substantial amount purchased at higher than this share price.so in there interest 4 company to progress
The problem PPC have is P. Levine word doesn’t wash with the market based on prior RNS. That said I’ve always held shares in the company because I believe there is very good upsides. Unfortunately that’s not going to happen until there is confirmation that the wells will produce and not on a 75% prediction. We have to be patient and see what news Mr Levine forwards to the market.
75% drill success is huge
With regard to the drilling programme, the LB-1001 development well has spudded and as previously announced, the intended target is attic gas in the Las Bases structure with a target depth of 1,700 metres and a high chance of success. The P50 estimate is for 6 Bcf of recoverable gas and an initial production well rate of 100,000m³/day (588 boepd).
75% drill success is huge
Believe has high chance of success on this drill 75% all no I remain too be corrected
those pictures looks awesome on twitter. I could PPC hit substantial reserves? sp would double.
anyone thinking different please comment