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Q3 stars tomorrow and we move into the news rich period . This small cap O&G has been forgotten by the market but with our PARAGUAY DRILL ,WATER FLOODING PROJECT RIO NEGRO,MARTINEZ DEL TINEO EXPLORATION , ATOM and winter pricing plenty to look forward to . IMO
Don't forget June! Month of strawberries & cream at Wimbledon, mud & music at Glastonbury, and if FIFA wasn't so corrupt it would also be the start of the World Cup in one of Australia/Japan/US. Anyway.....hopefully in June PPC can give us an RNS confirming the 4 wells in Salta that were coming online in May are now up and running and tell us the flow rates. An update on Paraguay would also be nice, no news there makes me worry the dates are drifting. Hopefully some good news to come....
Dissappointed no rns today, but this lot continually dissappoint , as much as they come over as a profesdional crew they are in fact carpegbaggers
I'm pleased we didn't get an update today. A quiet week with two bank holidays would not be good timing.
I'd rather see an update when the markets are in full swing.
Dill
I wonder where the share price would be today if we had of just paid off the IYA loan instead of spending $12m+ on these 3 Argentine wells?
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.
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 .
CASP was up 24% today with only 60 trades , we just need some volume and were good to move north. IMO
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
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..
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.
Ecclescake yes if they can export more at international prices that would be a real boost.
Ref RNS 15th March Positive production Sales news
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
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.