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Got to say i'm happy with today's update on financials, I will now be looking forward to our FYR in June.
· The results do not include any beneficial impact from the successful new wells in Salta. These are expected to positively impact results from this current Q2 (see below)
Louisiana 350 boepd , impressive.
Think we are finally on to a winner. Now Peter do a buy back with some of the cash .
Seems to have been largely ignored by the market because the 14% rise in Atom accounts for much of the rise in PPC alone. One day the market will cotton on , probably needs a divi or a buy back.
Could have done with this update two weeks ago , markets have gone very quite with current global conditions. That said if your buying stock this is a very good price to get in/build a position for the next 6 months. Personally i'm happier today with the financial position than over the last 12/18 months and we have plenty of projects to be getting on with to keep an interest.
More than happy with the update and glad it didn't shoot up too high as I'm still working on building my med term holding number
It is very clear this is so undervalued but while it remains at this price it certainly helps me personally in buying under my target at 1.7.
I have already managed to purchase just under half of my target and I will try and secure this before the end of this month but only if the price is under 1.7
Good luck!
grsshaw i think perfect timing , genuinely looking forward to June FYR and more details of this years drilling campaign. Think were on to a winner here now IMO.
Morning comeonvog
I hope so on the timing front as it always nice to buy at low prices but I'm looking for a minimum of 4p before I start to reveiw my position as will always top slice a few when 1 or 2 bagged my investment. Purchased a few more this am @ 1.67 but waiting to see what the general markets performance is over the next few days before any more buying.
Good luck!
average brent price in qtr 1 2022 was over $115 per barrel and PPC get only $54... that is a total rip off
Not all the production.
·"President has received approval from the regulatory authorities in Argentina to export approximately 19,000 barrels of oil being part of its Argentine production this month at or around international prices;"
Also Louisiana is closer to international pricing.
If we were receiving $110+ bopd we would not be priced at 1.7p. :-)
Also ...... Average oil price received in Rio Negro of US$54 per barrel which has since the quarter end increased by 8% and is projected to increase further this year. Every little helps as we move into the winter months where we tend to get paid more.
That's why ppc not get valuation it should as argentina pricing is not in line with oil prices, more they can export out better
The USA must be pulling in nearly £1m per month alone at these prices and although the Argentinian prices are lower, I’m sure it is a significant revenue stream. It’s all rather positive and not reflected in the SP. Figures later on in the year should yield some improvement.
GLA
louisiana is heavy crude at WTI prices less 10% . so around $100 x 300 $30,000 per day. not bad for a few nodding donkeys. thats $10mill per year... Im thinking 50% nett. that alone is worth $15 mill on market cap... this is defo undrvalued