Pennpetro Energy Share Chat (PPP)

I don't know if it's desperation or just the same people who like to start preparing for xmas in august :)

No one will lose, this will double on re list at least.

One gets the feeling that some folk here have invested more than they can afford to lose and almost come over with an air of desperation. Here's hoping it returns sooner rather than later for us all but there is nothing we can do or say to change things right now. A red dot in the morning would be nice though !!!

Comparison between what happened at WRN and what happened here is disingenuous, as was pointed out to gregorio when he came up with the same nonsense some weeks ago. WRN is not suspended - it was liquidated on 21 November 2016 after the company which was going to take it over went bust.

Its not a ridiculous post. Everyone is second guessing when it come out of suspension. I acknowledged, if you look again that 6 years was extreme, but it COULD be 6 days, it COULD be 6 weeks. Unless of course you are aware of an exact date??

Gregorio pointed out WRN was over 6 years ago. It Happens

Oscar what ridiculous post .. why would it take 6 months , if Ben 6 weeks from now is impossible. Omg there are some really disillusioned here ..

Very exciting but I still think late sept/early Oct. Let's see. Patience required imo

An update is coming soon

Greg ya numpty. Ya must of missed the whole wrn to whetstone capital.

I was also in wrn and it has no similarities at all to PPP.

Ps fook Douglas ware

It’s this month…

I agree However the death is even worse.

Imminent IMO

Pennpetro is pleased to announce that it has it has raised and an additional £300,000 by way of a firm placing ("Placing") to an institutional investor of 5,000,000 new ordinary shares at a price of 6 pence per share ("Placing Shares").

The placing is expected to close on the 16 August 2024, and the shares will be issued shortly thereafter and an application will be made for admission of the Placing Shares to listing following the Company's ordinary shares return from suspension.

Everyday gets us closer to suspension being lifted - but that could be 6 days, 6 weeks, 6 months, SIX YEARS.

Last one is extreme, but point still stands- tomorrow is one day closer, so will Thursday be, and then Friday.

And the beauty of the exploration is the access and option to cherry pick from the masses of seismic data , that is going to save some time .

Getting closer to suspension being lifted.

GLA.

Guys exciting times ahead .. every morning I am up without the alarm clock ... 7 am , thinking could this be the day ...

this is a life changing opportunity no doubt ... its waiting and not knowing when we will be alive again is the hard work .. hard work always pays off

MattK6, The thing is if ppp had nothing going for it i would call it ramping. Completely ramping or hype as you call it however PPP have signed a done deal a 30 year ROYALTY revenue stream, so with every single well that gets added on, the MCAP in theory will just keep growing as well, we have all of the AMI yet to explore and drill, we are talking huge numbers here and HUGE potential here. I agree the MCAP could well reach 100m mcap but i dont think it will be a fluke getting there if you see what i mean? I think it will be pretty justified.

But i do see what your trying to say overall, we definitely are not a 10m mcap company anymore that i am certain of. EUA went from 0.35p all the way to 47p, xGGP - 38p, NCYT - Into the £pounds! EUA didnt even have a great deal at the time and had shed loads more shares than us before going upto 47p EUA came out of suspension circa 3 times the value and then went higher and higher from there...with over a billion shares in issue went to 47p!

PPP currently have 110m shares in issue with absolutely bounds of potential and current existing wells and AMI and the thirty years of royalties in bound... so when i see all that then a 100m mcap doesnt look a million miles away, dont get me wrong might take few months but i think it could get there.

Put it this way, the bare minimum id say for us is 30/40m mcap...30-60m is a fairer estimate. As MyIPA said earlier 5 wells is worth 155m approx, so even half of that is excellent.

I was meaning an increase in wells and production over say 12months , but to be honest i would accept an avalanche of hype and ramping , ;)

Of course it can get to £100 million MCAP based on hype/ramping if nothing else. Look at NCYT - MCAP today is approx. £60 million. During Covid it was up to about £800 million . Same with EUA, GGP, UFO - all had spectacular rises in a short time period. The thing is, they are nowhere near the same share price/MCAP today, except GGP, where the MCAP is about a third of its peak but that's with huge dilution to the share numbers (at peak 38p per share, today under 7p). The danger with PPP is expecting it to keep going up . I think after the early rise it will reverse quite a bit. I guess it all depends on their future plans and where they can actually grow the company rather than relying solely on the ORI for income.

Affrm, yes i do agree the potential here is huge .If all goes well with the rollout 100m mc is easily within reach , this could be the company that copl should have been , good posting here today , good luck to all .

The silence is deafening.

Looks like it will be relisted very soon IMO

What a deal they delivered looking back...

So much potential with the partnership and Oil wells

Then the Gas and the Lithium,

RIGHT PLACE RIGHT TIME....

Rocket boosters on when this relists IMO....

If you read my comment I never said it categorically will get to 100m MCAP or more

If everything goes as it should and they keep building adding wells etc then it will be. Low number of shares is a driver too don't forget that.

ThisShareisFubar - ok tell us all why it can't or won't get to a MCAP of 100m?

Genuinely would love to see your reasons why it won't even if you have just read the below comments from other posters ?

So if Globalvision drill loads of wells and retrieve loads of oil, gas and lithium then why won't we get to £100m MCAP and beyond.??? If your so sure of the failure then let us know why.

AFFrm - please calm down, where are you getting a value of £100million?

It will defo go higher than the current Mcap of £10milion, due to all the hype, but there is not a cat in hells chance of an Mcap of anywhere close to £100million. Unless you know something i dont, please let me know or is this just another figure plucked out of thin air.