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1.92p to buy online so ignore the 1.9-2p spread you can buy below mid price
They will now proceed to put the down ESP Pump in to the well. Looking forward to flow rates :)
This what i meant to post.
Coxonopolos
Posted in: PPP
Posts: 406
Price: 2.50
No Opinion
RE: DL new tweet.15 Jun 2023 16:01
Its the flow rates that matter! We need an RNS. If good, it will go bananas
Coxonopolos
Posted in: PPP
Posts: 406
Price: 2.55
No Opinion
RE: DL new tweet.15 Jun 2023 16:00
Just took another 140000. Taken nearly 400000. This is going to blow if the flow rates are right
Coxonopolos
Posted in: KAV
Posts: 406
Price: 0.95
No Opinion
Recover losses15 Jun 2023 15:52
Oil shows at PPP. Thank me later
🙊
Ignor sorry wrong board
Zzzzz so Cox has sold out and is deramping again. Give it a rest. Nobodys listening.
Awkward!
Coxonopolos
Posted in: VAST
Posts: 406
Price: 0.34
No Opinion
RE: Has the “into admin” been logged? $8.4m owed to creditors19 Jul 2023 18:12
Even tho I have bought in today l, I do believe there was a lot of pumping to get placing shares through. But I have bought in due to increase in Insti holdings. Probably I'll times my buy but do expect some catalyst news in the not to distant future
Def still a seller, 1.92p to buy, buyers all over it yesterday at 2p but looking like it could drop below 1.9p again, do not mind if it generates buying volumes to clear the overhang
Still time to get in while imo distressed placing sellers off load their last few shares? News rich period is about to begin imho.
Wow it's getting peppered, must be one mm with some stock to shift but it's getting cleared fast
Https://twitter.com/DavidLenigas/status/1681611365343977473?t=Yibet40kMKKzkCZaKB9weg&s=19
As the Chairman of @pennpetro I can advise shareholders that now we have 100% operating interest in 4 Texas #oil wells as from today, we expect quite a lot of news to come as we gear into this busy phase of bring on 4 wells. And soon also - start work on the U.K. #HorseHill
Think a big overhang has been cleared here. You can only get 250k max online now but it is available at 1.95p mid price. If it gets back above 2p then game on
I understand your frustration. You might bought around 5p+ or more.
Anyway, is good entry level now , as of us fresh trader/investors is good opportunity. The share price been depressed for long time and i feel it is time to buy
Go back to being positive on ITS jimmy. I am in both so don't need negativity here thank you, it has been bad enough without it.
Company fully funded to bring all wells into near-term production
I hold and think it’s gets ramped with Lenigas and some of the big twitter accounts. But they’ve got lumpy debt on the balance sheet for such a tiny producer
I think so too, I sold this at 3.3p and have just returned below 1.9p which to me is good
value.
I am in today morning for 25K + 25K to start off
19/07/2023 7:00am
UK Regulatory (RNS & others)
TIDMPPP
RNS Number : 4376G
Pennpetro Energy PLC
19 July 2023
Pennpetro Energy PLC
("PPP" or "Pennpetro")
Completion of transaction to increased interest in oil leases in Gonzales County, Texas
London, 19th July 2 023 - Pennpetro Energy PLC (LSE: PPP), an independent oil and gas company focusing on production and development in Gonzales County, Texas, USA, through its 100% subsidiary, Nobel Petroleum USA Inc. (" Nobel "), has now completed the legal processes in Texas to complete the transaction with Millennium PetroCapital Corporation (" Millennium "), as announced on 27 June 2023, to increase its stake in the Whistling Straits 5H well from a 25% working interest ("WI") to a 100% WI with 75% net revenue interest (" NRI ") and to assume operatorship of the well with immediate effect in addition to 2,036.38 acres of oil leases.
Highlights
-- Completion of acquisition of 100% Working Interest and operatorship in Whistling Straits #5H well
-- 100% acquisition of 10 tracts, increasing Gonzales footprint by 2,036.38 acres
-- Giving exclusive rights to 100% WI in two other adjacent developed wellbores (Chalk Talk #1H & #4H)
-- Engineering studies to commence to bring back on the City of Gonzales #1 well which Pennpetro drilling in 2018 and shut-in in 2020
-- Company fully funded to bring all wells into near-term production
Tom Evans, Pennpetro Energy 's CEO said:
"Pennpetro has fortuitously gone from having a minority interest in just the Whistling Straights #5 well, to now having operatorship and a 100% interest in four (4) potential oil production wells in Gonzales County in Texas. This is a big game changer for the Company."
"Yesterday we completed the legal transfer of the oil assets in Texas with Millennium, giving Pennpetro the operatorship of the Whistling Straits #5H well and access to 100% working interest in two nearby oil wells. Over the coming weeks and months, the Company will be working with its management and consultants to bringing the Chalk Talk #1H and #4H wells back online, flow testing the Whistling straits 5H well and potentially bring back online the 100% owned City of Gonzales #1 (COG #1) well that Pennpetro was forced to shut in over the Covid period."
"Chalk Talk wells initial production rates ranged from 100-400 barrels of oil per day, so we are optimistic that we could see the Chalk Talk # 1 H and # 4 H wells providing PPP with some good oil production numbers in future. The recent placings have also brought forward the possibility of us putting our COG #1H well back into production since it was shut-in over the Covid period . "
"As we previously reported, Millennium, the previous Operator of Whistling Straights #5H well unsuccessfully installed a jet pump to clean up the well and until now has yet to recover all the load water used during drilling and completion, from the well. Our plans are to change to an
I think this has bottomed out. Buy time imo before news drops.
Needs to be a bagger from here Desree just to get level
Looking forward to DL tweeting or RNS news about the new esp pump . Bagger coming if you get in low here imho!
Am waiting a DL tweet or RNS to say the new Electric Submersible Pump on its way / being fitted etc.
Not good at all
you can't sell this ****. i couldn't sell 9,000 shares over 2 days and had to do it in 2 instalments.
Too damn right. I never understood why they tried to use a JET Pump in the first place. I’ve never had them work properly. And I want to bring back Chalk Talk 1 or 4 as well in the coming weeks or both. #PPP But I’m probably more excited about potentially drilling Horse Hill 3. @pennpetro
I am not sure why this has gone down. It is all good for the company to continue to work and improve what we will be getting at a later date.