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Odd situation from Texas LNG terminal fire, prices fall in USA because terminal unable to export gas. Prices rising elsewhere due to shortages caused. Possible knock on demand for Argentinan supplies, hopefully outweighing lower prices from Louisiana.
Sabotage maybe
Group revenue to 31 December 2020 of US$27.8 million (2019: US$40.8 million) largely due to significantly lower average realised commodity prices, with a reduction of 40% in Argentina to US$30.0 per boe (2019: US$49.9 per boe) and 34% in the US to US$29.9 (2019: US$45.5 per boe)
Share price August 2021 1.85/1.9p
We now have stock in ATOM, Louisianan back producing since 25th February and Salta new oil well's production.
Another email sent today, Nikita pull your finger out WE NEED NEWS. nikita.levine@presidentpc.com
Peter, time to slap on the makeup and do some fecking PR
Brilliant question - this is what frustrated me - especially with all the increased revenue.
For whatever reason - and they seemed to have been advised to do this they are communicating less. Imho I don't think this is a good thing.
Atb,
Northern
Thanks comeonvog. That's exactly how I've felt for the last couple of weeks.
We seemed to have disappeared off lots of people's radar and volumes and trades in the share seem to have really dropped off.
Atb,
Northern
Sent an email again today stating they need to up the PR, we need to let the market know we exist.
How are we priced at the same level as at the height of the pandemic when we were only getting half the revenue we are now.
I've been pretty patient for about 5 years now lol!
Atb,
Northern
It would seem we are over looked by the whole market even with oil at record highs , ye i know we get paid less but we are starting to export at international prices and we have Louisiana . I think we need to see the accounts to get some spark back into this stock.
Managed to pick a few more up on Monday - looking forward to an update maybe this week or next!
It appears there is very little market love for PPC!!
It's all a bit strange how investors/traders will buy into a high risk wild cat drilling campaign but don't see the potential value (less risk) in PPC - more than happy to wait to see how this performs over the next few quarters leading up to the end of the year!
fantasic news on the way, be patient
I sincerely hope it's an improvement in last year. The thing is though that presumably is due to better prices this year. It would be good imho to see increased production. Ways of doing this could be e.g. acquisitions or the farm out later in the year might get things moving - but still a mystery to me why they can only start looking at the farm out in Q3.
Hopefully we will get some good news before then.
Atb,
Northern
NM though it is painful we now have all the recent oil well's producing, how much we don't really know but i believe it will be an improvement on last year.
4. Whilst the total Group production showed no growth in the year due to natural declines and the Louisiana wells shut ins for most of year, the financial performance for the year is expected to show a significant improvement on the previous year with materially increased operational profits, adjusted EBITDA and free cash generation. Group oil production in Argentina promises to materially increase in Q1 2022 augmented by the drilling of wells in Salta.
company - seems like we've had roughly one RNS a month for each of the last three months and not much use of twitter on the website.
I cannot see any evidence over this period that the less frequent but more substantial RNSs is making much difference to the share price. Still stuck where it has been for some time now. No increase in volume on the shares being bought and therefore little interest to drive the sp higher. Not sure what but I think some aspects of the strategy will need to change.
One thing I find hard to understand is they told us about Martinez del tineo and the reactivation of a farm out process in April this year but why is it going to only start in Q3. Surely they had all the info available from the last time the farm out was attempted - not that long ago - 2016. Why couldn't they have started it in April, May...? why does everything seem to get dragged out with President - I'm probably wrong on this but it gives the sense to me that any sense of urgency has gone.
Hope they can start to get thigs turned round in the second half of the year, as far as I can see the first half hasn't achieved much.
Atb,
Northern
DRichi if they did it would show a real intent to open the country for business and investment. We are worth way more than £32 million MC and when you look around the small cap market this looks a safeish bet, just need some volume.
Accordingly, the Martinez del Tineo gas farm out process is now being re-activated with steps to be taken to update the offering and data room and promote the same to the market with such marketing both domestically and internationally likely to commence before the end of Q3 2022.
The prospect is situated within the long term Puesto Guardian Concession expiring in 2050 and has significant infrastructure already in place due to President's existing oil production operations. In terms of size, an independent Gaffney Cline and Associates report in 2012 best estimated Unrisked Recoverable Resources at 570 Bcf of gas and 14.5 MMbls of condensate with an updated Company internal estimate in 2016 after further geological and geophysical work upgrading those figures to approximately 2.8 Tcf of gas and 69 MMbbls of condensate from two independent formations.
There's an interesting article in the FT from a few days ago- link posted by Steven49 in a different thread that argues that because of the current Russia/Ukraine situation that Argentina will/should/could have a step change in their oil & gas policies, and open up the Vaca Muerta gas fields and loosen controls on oil production/exportation/prices. The FT's argument was that if that can be done companies operating in Argentina are sitting on a cash cow.
Hoping that the Argentine Gov will change it's policies is a pretty big 'IF' to be fair, but a cash cow would be better than a dead cow
Ecclescake yes if they can export more at international prices that would be a real boost.
Ref RNS 15th March Positive production Sales news
Argentina's oil production is breaking records according to news reports. Output hit 11 year highs, exports to USA hit 4 year highs and they have launched a tender process to build a new gas pipeline out of its huge Vaca Muerta. Hopefully all this will lift all producers and PPC could be exporting more of its production.
now pee'd off , there should have been an update today. this company is a vanity project for the MD. his ego is what matters he likes his ego being stroked and doesn't actually give a toss for the investors. It's always bout him and Malcy sucks up to him... its exactly what he wants... try some difficult questions Malcy..
Good point about the volume comeonvog,
It's the volume we don't have and the management going quiet for prolonged periods based on new advice I don't think helps matters. Need something to change to make investors interested and believe in the shares prospects.
Atb,
Northern
Some1 still dumping gone through 1.5p
CASP was up 24% today with only 60 trades , we just need some volume and were good to move north. IMO
O.k. i know i said no more , but had to have a small top up today ( showing on Aquis ). FYR this month and i would expect a good summery of where we stand and upcoming opp's .
Brasso3 We will soon find out if it was all worth while . I remain positive as by luck this sector should gain more interest over the next 12/18 months as prices look to remain high , even in Argentina . Thank goodness for Louisianan production.