Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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No worries CoV. Let's keep the discussions robust and keep the personal sh*t out of it. My portfolio would suggest I'm significantly overweight PPC so I'm hyper keen for this to work and I do think PL has the beans to do it but the frustration is palpable here, especially when Paraguay news is not forthcoming when it's seemingly so close. GLA
We all have our views of the company and its management and we all have our own agenda, sometimes we come out and defend those views.
Next news we can assume will be actual production from the final two wells and then on to farm out in Paraguay. What are we all expecting from the farm out deal, it would be interesting to get some views ?
My view is that all we will get is the cash to drll one well for fifty percent of the immediate concession, the reason being is I think we would eventually have walked away from Paraguay
very balanced and good post imho Drichi ...and fair play to comeonvog for apologising to KRTH
KRTH Looking back perhaps my comment was a little harsh and i apologise. I am prepared to give PL the benefit of the doubt at this stage , but that is my opinion. I still think Trafigure are behind more of the decision making that we are privi to .
I'm sure we're all frustrated at the huge dilution which had the impact of destroying a lot of value of investments here. As a result of this there is a long way for PPC to go to gain market trust. So far this year, we have been told good news, gas production increasing, but we have not been told the full production figures, so we don't know if these increases all increase the bottom line, or if there are offsets vs depreciating wells. Past experience suggests that there will be offsets. Also, the SP has risen since 1.5p but is still in the 2ps because it is only gas at the moment. For the SP to take off will need a lot more gas, and some more oil added to production.
Atome, the drilling campaigns, the refinery overhaul, even Paraguay, there are reasons to be optimistic. Unknown total production figures, more potential share dilution, past failures meaning that we shouldn't count any deal until it's signed and delivered, all reason to be cautious.
It's a bit like when Sven was manager of England, "1st half good, 2nd half not so good". I'm invested here, I want the SP to go up, so I write about the positive aspects, but it does help to take the full picture into consideration and have a balanced view. All that being said, I expect Atome to become the worlds leading hydrocarbon green energy producing company, PPC to find more oil in Paraguay than they have in Saudi arabia, PPC's existing assets in Argentina & USA to increase production tenfold, and the SP to be 4p+ by Christmas! You never know...... ;-)
Good morning all, seem to have caused a bit of a stir here. Thanks NtM for wading in on my behalf, water off a ducks back to be honest. Google DILLIGAF and watch/listen to the video if you want my honest opinion. CoV - unfortunately a comment like "Like we're bothered what you think." does detract from what your message be it ramping or just positivity. Let's hope for some news of Paraguay soon (seems to have gone quiet?) then we can all feed from PL's trough from here on in.
" arrogant attempt at bullying KRTH " on a day we are told of the Gas sales price. I get people are hacked off with PL and i am not adverse to agree in that fact when appropriate , we move on. Most stocks have an inflection point , perhaps we are at that point and it's time to get behind this investment / punt. I will support my investment when i think it is warranted .
"Notwithstanding this and for the avoidance of doubt what we can state is that in respect of the prospects currently being considered, it is not currently envisaged that funding by way of equity issuance would be required"
test message only ( to try and push my last post thru to display here)
It was your arrogant attempt at bullying KRTH that upset me comeonvog.
Your continous / samesey ramping here I didn't bother previously commenting on, until I felt the need to come back on that post to KRTH
I didn't start off with the intention of range trading this.. it was a place I had to go as a survival technique.
For the long suffering here, I very much hope this share price performance changes from the disgraceful going forward.
(but I'll not not change my feelings about Peter Levine whatever, I expect: he has been and will remain conceited as a human being imho)
NicetoMichu So my over exuberance at the fact we are getting a very good price for our gas upsets you ( 100% more than last year) Then we have to endure your inane posting about how bad PL is but you have managed to break even, interesting. No wonder the stock never get's a chance if people like you are constantly trading the range. Perhaps it's not all down to the company's performance but traders like you.
Yes , I totally agree. After hosing investors with mega dilution, it is absolutely no surprise that Lifestyle Levine is not on many people's trusted trader list. When you have a company with 2 billion shares in issue, it is no wonder that market makers and investors are reluctant to commit themselves, and Levine for all his bullish talk has not delivered anything meaningful in share price appreciation because he has dilutes us all to hell over the years.
I think you have a point , NicetoMichu. The unpredictability of PL and the unpredictability of the Argentinian economy are the biggest impediments to sp progress. PL is currently ‘on probation’ with many investors. Let’s hope he continues to behave responsibly, so that we can all capitalise on recent successes.
you're ongoingly trying to ramp the a+se off this comeonvog.. posting endlessly too... and KRTH gives an opinion that doesn't suit your agenda and you immediately jump down his throat.. straight up arrogant bulling imho !
I've been in this companies shares for many years and it has been, in a bottom line performance and constant dilution sense, an utter disgrace in that time.. and the only thing we've had more of than false dawns here is punk rampers .. great if this is the genuine deal this time but, alas, it may once again not be .. and in spite of all the recent 'good news' I'd suggest the s/p is so slow to go up is because Peter Levine is trustd by so few any more.. and who could blame them.
The market is saying lets just wait and see the detail on this Paraguay farm out /JV or whatever .. whenever - late again - it eventually gets announced (imho)
DRichi I also feel that change , starting to build something much bigger than was the case 12/18 months ago. Time to take PPC seriously once again , we wont be the only one's running the numbers on this . IMO
Personally i would like them to take advantage of the peso depreciation as they did with the loan for the treatment plant and Banco Hipotecario. That seems good business to me.....
"As announced on 22 December 2020, the project has been funded by an Argentine peso denominated loan of US$5 million meaning that it is repayable in pesos in the total amount of that currency using the exchange rate applicable when the loan was taken out. Due to changes in the peso dollar exchange rate, the amount of the outstanding loan in dollar equivalent if it was repaid as at close of business yesterday shows a reduction of US$270,000 resulting in US$4.73 million dollar equivalent as the outstanding principal sum. Interest paid/accrued to such date on the loan is approximately US$160,000 giving a positive differential of over US$100,000 since the loan was taken out in late December."
The frequency of the RNSs, so far all with good news, on time, within budget, flows greater than expected, selling for higher prices than anticipated, lots of different workstreams and opportunities. This feels like the company is in a very different place to where we were a year ago.
It certainly is comeonvog and as you say plenty more to come one being the JV.
AParky It's all starting to stack up nicely, no need to over extend at this time PPC have plenty of options.
" Later in H2, there is a planned 3D seismic data acquisition programme over a formerly prolific Canada Grande field within the Puesto Guardian Concession, Salta Province to find new well locations to target and drill the productive A6 sand there. An initial land survey by potential contractors is currently underway. The best wells in Canada Grande produced initially as much as 1,000 boepd from the clean A6 sands. If the data indicates commercially viable well locations, then it would be President's objective to drill in Canada Grande following on from the H2 drilling in Salta."
KRTH when PPC has just announced a 100% improvement on the price they are selling the gas lets think a little before posting negatives. We are now mobilising to start the oil wells in H2 , i think they will have plenty of cash.
· New treatment plant and infrastructure set to start first phase operations in Rio Negro by end June bringing immediate cost savings of $4/boe.
Easy tiger - just an opinon
KRTH Like were bothered what you think.
Given the rise so far this morning, the (usually sceptical) market would seem to be reassured by PL’s words.
"it is not currently envisaged " I would be more tempted to highlight this part of the sentence I'm afraid. Doesn't take much to change this to "is has become apparent that...."
Sorry but I'm not joining the party on this.
Would not high light the no funding required comment, that was once said in an interview a few years ago only for a placing to be announced very soon after, and days not months.
The constant dropping of sp prior to news isn't helping forward momentum
Notwithstanding this and for the avoidance of doubt what we can state is that in respect of the prospects currently being considered, it is not currently envisaged that funding by way of equity issuance would be required, LOOKS TOO ME THAT AN acquisition is looking likely all no PL is playing down sightly,just keeps banging out positive RNS.