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R infact ppc building cash, trying find out there cash position, lot money being spent,
PL owns 28% in Atome but actually via PPC he owns 28% of another 28%!!!!!.
Interesting is it not
I don't think a buyout is on the cards in the near future and not before Paraguay is drilled. Trafigura has its own problems at the moment as it was one of the main exporters of Russian oil and commercial ties with state-aligned Rosneft Oil.
Now PL has UK stock market presence with ATOME and a near 30% personal holding - maybe this is the best time to take PPC into private hands working in partnership with Trafigura.. The markets clearly have no love for PPC with whatever is announced, in fact it seems mainly go in the opposite direction with any updates (although sometimes it feels like a guessing game to find out what is actually happening with commercials within some of the business areas)
With the recent farm out agreed and drilling costs taken into account with no need to raise new funds (hopefully).
PL already has a substantial % holding in PPC with supposedly strong cash flow/income . If there was ever a time to buy PPC off the market surely now would be the best time to maximise the best value for him to take this off the market
Any thoughts please...?
Good Luck
I have not post hear for a longtime now. I first invested here over 10 years ago own millions of shares and have lost a lot of money. I said quite awhile ago that this was now a zombie stock that has been proved . I believe that PPC is not necessarily badly run quite possibly the opposite I think costs are managed well. However geographically it has been a nightmare ever since the Repsol debacle, we haven't really made any progress with the drill bit and it's I'd say it's impossible to raise capital via share dilution anymore.
I believe the only future for the company is in private hands. (So what's that worth)
Today Atome has a greater capitalisation than PPC
Atome is a clever setup with minimal risk attached to it and the ability to grow exponentially. PL is going going to make a wad of cash out of this company.
So should this now be the only topic of conversation I ask you?.
comeonvog is one of the leading 'happy clappers' here and he says 3.5p would work for him, excluding Paraguay.. that's ambitious imho but far from ridiculous.. parking paraguay, 20p seems a genuinely ridiculous target to me here.. but everyone is entitled to their opinion and anything is of course posible..
(it's not just about achieveing growing production , but AT WHAT COST.. these latest three wells could be a text book eg of Ppc.l doing what ppc.l does .. eg they might end up costing $13 to $15m all in.. and also come in at under previously outlined target production levels... including that very high O&G prices - which if we're lucky may lasy 2 to 3 years anyway - don't feed through nearly as much as they could for domestic Argentina sales, this might mean plenty of years just to get that investment back.. not to mind make a profit.. that's not even including any future production outages from them, and the additional costs of fixes that PPC.l, seem as a rule to have FAR too regularly across their production portfolio )
I used think the market was dumb in its pricing of ppc.l.. the more times goes by, the more I'm realising that it was me and not the market that was dumb..
BOPD? No Idea!
Cash position? No idea!
so two questions
what is PPCs actual present BOPD and what is the cash position
oh and question 3 what is the value of their stake in Atome..
At this moment in time - ATOM MC is worth more than PPC!!!
The ATOM stake has increased significantly in value over the last few weeks which means the sp here should be 5-10% higher for that reason alone imv.
Argentina many funds investors r not interested in risk with countries like Argentina there high risk countries will always have disconnect with other oil gas producers in more stable democratic countries,
I agree completely that PPC is significantly undervalued. Unfortunately however, there is guarantee that PPC won't still be undervalued in six months or even six or sixty years time.
I'm hoping that some production increases in May will pick up the SP a bit, and then really I'm praying that the 17% chance of success in Paraguay is actually a big success.
Argentina interest rates 44.5% this is why country uninvestable basket case.
Afternoon folks, i would be happy with 3.5p and i will walk and leave the rest to future investors. If they strike in Paraguay game changer and i will stick. ;-)
Agreed
20p far fetched unless Paraguay is a gusher lol
5p should be achievable - but looks like there is a seller in the mix, hence why the struggle
Is it me or have I got this completely wrong? PPC is significantly undervalued and no matter what happens the SP seems to be stuck at around this level, and has been for some significant time. In reality, I believe that this has the potential to climb towards 20p. This is based on assets and production potential, coupled with the recent rise in oil and gas prices. We have been exporting a significant amount of oil at higher prices which should add value. Yes or no? I’m interested in other investors opinions.
GLA
Plenty with this stock, but then i look at TRIN, CASP, SDX, TXP and many others that are also struggling for different reasons . But i do believe we are in a much stronger position than the last 2/3 years so i will stay invested and buy more stock as and when i can, this could be the year we finally get our rewards.
Takaru Takenosh-ta might be allowed, perhaps
has got to be one of my favourite poster names on the LSE BB.. I love it !! .. and it puts Tommy Tomato in the shade.
(Btw If I had my time again I'd have gone with 'Takaru Takeno****a' instead of Nicetomichu)
I braodly get why this s/p is 1.70p as i type.. i'm gutted by it but I mostly get it... spending a lot of money on drilling for new production alongside far too much spending on production outage fixes while adding little production has been the problem for many many years here now.... poo&g being super strong here should help the s/p a bit more than it has granted.. but given the awful delivery track record here versus targets, there seem many many better opportunities in the sector than this to bet on, even at 1.7p a share.. all imho and alas..
Bought a few more today as still under 1.7 ( and will continue to add as this trades if the SP remains at or under this price!) market not too impressed by the update yesterday but also not a disaster either. I am focusing on the fundamentals and there is clearly lots of activity over the next months and this is clearly very undervalued!
I have history here myself so I understand the frustrations, but I sell when not happy with the company/management and take a new position when I feel things are going to improve. I feel PL just cant believe the SP for PPC and has probably given up trying to boost the SP. The market is not fan of PL it seems... will need to see the actual delivery numbers which will hopefully be communicated in 4 to 6 weeks. Happy to wait this short time to evaluate my postion
Good Luck!
Atom stake now worth 25% of mcap and every 4% rise there should lift this by 1% , i reckon!
Well layed out Drichi, well put, I really think this will pop soon and start push higher over coming months
Yes atome right sector doing well after initial drop, now getting + 90p sell, glad held, news flow coming on this, can see pound plus over coming months.
And don't forget that we own 28% of ATOM, which is rising nicely.
Lots of questions there Brasso. Re: Argentine production, reading the RNS it sounds like there should be a significant uplift in May, so maybe we'll get the numbers then?
Salta DP2001/2003 are still in testing(!?) to find their optimal levels, but are both are already making solid contributions to Salta oil production. My reading of this- both are less than the 250BOPD that was aimed for but PPC are still working to increase flow rates here.
PG13-1 looks like proving to be a sound commercially producing oil well which will, all being well, be on stream before the end of May.
PE-8 has now been worked over and cleaned of accumulated sand, Swab results showed oil and gas production. The well is now being placed on production also for May.
So that's four new wells producing oil in Argentina. That could be anywhere between 500 extra BOPD to 1000 extra BOPD. I've contacted President before about confirming production numbers and the answer about these right now would be that due to fluctuations there is no point publishing BOPD figures until the wells have stabilized.
Still if I was running PPC, I would publish the Quarterly figures. Us investors are calling out for them. If you want the SP to go up you need to listen to Shareholders! Still, at least May's numbers should be a good improvement.....