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Ohmetoe- Absolutely agree with you. And actually that's just the Change Portfolio that we are talking about. I would like decent Monthly MI updates on all the projects underway, but also, there should be some decent Quarterly reporting of Production figures. Total # of barrels of oil from each well. Average figure per Quarter, maximum BOPD. Netbacks per region, total Monthly and Quarterly Costs, Income, Profit.
I think PPC will do a very good job, and ramp up Production this year and next and grow. But, as an old manager told me years ago when I was starting out; what you do is only half the job, the perception of it is the other half. PPC need to up their Comms.
DRich
That's my point why are we not receiving updates?
You read through the list of work they are undertaking and it makes a good read and it looks good value. Then we have PL moaning about where the SP is ,whose fault is that !!!
From what I can see no market buys nor sells today so that shows level of interest here.
Re-reading the Feb Presentation detailing the Book of Work for 2019. https://www.presidentenergyplc.com/wp-content/uploads/2019/03/Presentation-Final-25022019-website-version.pdf
Puesto Flores- Drilling Development, Drilling Exploration, Workovers
Estancia Vieja- Drilling Exploration, Workovers
Puesto Prado- Drilling Development, Workovers, Reactivation
Las Bases- Drilling Development, Drilling Exploration, Workovers, Reactivation
Paraguay- Drilling Exploration (Now pushed back to early 2020)
Louisiana, USA, - Drilling Development.
I would really like a monthly update on all of these. Some kind of status scorecard perhaps. One page on each. Key achievements in the last month, key activities planned for next month. Some basic project management MI. Still, there's plenty of irons in the fire, hopefully get some (positive) updates soon....
No major news expected but still news expected.
We already have the figures for the fracked well it was a case of seeing how it performed afterwards and what they could learn from it, so no major news expected
If they dont release something of note then this SP gets slaughtered, they released an RNS about fracking telling us that in a month we will get an update. Well that was over a month ago so we are due news on that , what about the sale of gas and the electrification upgrade they were selling back to the grid.
IMO we are due news and if it isnt decent then i can't see where this company goes with Argentina hanging over it like a rotten apple
If they dont release something of note then this SP gets slaughtered, they released an RNS about fracking telling us that in a month we will get an update. Well that was over a month ago so we are due news on that , what about the sale of gas and the electrification upgrade they were selling back to the grid.
IMO we are due news and if it isnt decent then i can't see where this company goes with Argentina hanging over it like a rotten apple
Ohmetoe- Workovers are not a news barn stormer. Never has been and never will be. Because they are reported too few in numbers and too slowly over time. Even though they have a cumulative effect over any given time. Argentina elections are coming in October. Lets see what happens. At least there will be a greater degree of certainty after the elections no matter who wins. Political uncertainty is ruling the poor SP now and until late October. Then there is Paraguay coming. imho-
If the next RNS isn't a barn stormer then I'm out !!!
Cant believe this SP is where it is , should be due something decent news wise for the workovers now .
There is so much planned for H2, that there really should be a steady stream of RNS's. How about one RNS a week giving a positive update? Workovers, Flowrates, Exploratory drilling, Gas coming online, Louisiana, Argentina, and maybe even a bit of Paraguay. Lot's of RNSs please. Lots of good news. The SP needs it!!
My Expectations are getting higher for a block buster RNS landing anytime.
So much has been started for completion H1 let alone H2 and beyond.
The RNS then goes on to say, "President, remains confident as to its future prospects and success as an energy business and is examining initiatives to deliver value for shareholders."
I wonder what these 'initiatives' are....
Ramping up Production, meeting the 4900 BOPD goal which increases Production 150% YoY would be a very good start. 'Initiatives' suggests to me that there might be something else as well. Maybe, hopefully....
Northern- In the 1/2 Year Mgmt Report RNS earlier this month, PL made the same point as you. "In the space of only some 20 months President has enjoyed a period of transformative progress including the successful integration of four valuable acquisitions, a strategic pan-regional pipeline, the bringing on of new production, generation of positive cash flow and attaining good margins. Despite this, President's share price, uncoupled from such progress, has dropped some 35% in value during that time."
That's PL having a dig at the SP and the Market and I can understand that.
The way I see it, is that it will take a string of good results, or a majorly good result to bring heavy buying here, but when that does happen the effects will be compounded because of the current low SP. I.e. SP is 6p now, production increases come in which should move the SP 2-3p, but because the fair value at the moment is say 12p rather than 6p the good production increases will see the SP +3p from 12p to 15p. Maybe I'm being wildly overoptimistic, but you gotta have hope....
company transformed itself in 2018. Is increasing production and has this as a stated aim over the next number of years. It has diversified it's portfolio, is increasing profits, is building a great team has a large potentially transforming drill next year and it's price drops from around 10p in 2018 to 6p now. Is this not a bargain or have I missed something?
Atb,
Northern