Pennpetro Energy Share Chat (PPP)

I guess you are referring to a Lithium funding deal Tiger, with a third party. The rest is already signed and sealed.

HE1 share price is currently 1.1 pence not £1.20.

When i look at companies like HE1 , where i am invested and it is at £1 . 20 even after a great RNS confirming Hellium in africa , and then think about PPP , one can only be very convinced that the price it suspended on was a joke now the deal is signed and sealed ... hence I am very excited just to see what it opens up at when it comes out of suspension ...

Zag we are nearing the end of first week of sept. Primed for an update By Friday id say

We just need to re-list and let the journey begin

Yes Stuart that is right. We aren't in a dangerous cartel area of South America or Africa but in a very stable and open mining and drilling area of Texas. Luckily we are located within the smackover which contains a lot of lithium and gas and we are in a proven oil flowing area too. Global should with their experience of the area and the latest tech be able to find extract plenty of oil, gas and lithium.

Stable

Affrm amongst all the positives you have listed you omitted to mention that PPP’s patch is located in a very politically and well regulated environment.

PPP doing it bit to help out.

https://www.drive.com.au/news/oil-industry-warning-bells-looming-crisis/

I’m still of the opinion that Lenigas is not a good look for a company trying to make a name for itself imo !

September

Guyswonga, PPP will come out of suspension when the company tells us it will via an RNS.

This will relist on......any day coming ending with a y...excluding weekends, xmas day and boxing day

An update coming in september

To be honest coming up with a date is guesswork. Last year it took 3 months. Just to add though with the deal PPP have just secured they will be significantly better position both financially and operationally than they were back in 2023. It is also a major positive that the company have now outsourced their admin functions to professional accountants. Hopefully the same problems won’t arise next year - gawd forbid.

What is the consensus on when this will relist?

Global taking on PPP’s Texas liabilities is a big win. Not sure how much of the % of the debt is linked to Texas. I expect it’s a significant proportion of the 4m.

So Affrm,

You have zero concerns on anything here then?

Just asking fwiw

And....let's get more investors on board such as ii's and pi's and the SP should do very well indeed. They are going to want to attract as much investment as possible.

Lots of news to come.

Ok so let's clear a few things up. This whole situation that it's quiet, guys they have just taken up a fantastic deal, they are doing workovers on wells and re opening shut in wells and using the new fishboning tech, give them a chance!!!! Drilling wells takes 6-8 weeks that's a fair amount of time, all the doom and gloom sods need to get a grip. It's not like drilling into a wall at home lol. Calm down! News is coming just be patient. An operational update will be announced asap.

As for accounts these will be published when the company gets the green light from Westend and the company believe it's time to release them. We all know after the deal it's put PPP into a very strong position compared to prior to the deal.

2038 acres of land - global vision will extract a lot of oil from this, circa 30 new wells have been identified as drill targets! Busy few months and into 2025 here.

250,000 acres of land as part of the gas and lithium JV ! This is crazy AMI guys. They could also find oil within this AMI too. Just FYI $40,000 per ton of lithium...... Standard lithium from one well area are extracting 5000 tons of lithium that's $200m

We have 250,000 acres and big drilling beasts Globalvision at the wheel!!! They will find oil, gas and lithium and ppp should prosper from their deal that's the beauty of the deal

Would global have done the deal if there was zero lithium gas or oil??!? Come on folks ! They have looked at the ESGY seismic data and looked at the area and they know something that we don't right now! They are happy to part with 30 years of royalty in such a large area to PPP

You only do that when you are sure of recovering a lot!

They wanted those acres! All we do now is wait , with every new well you can just keep adding to the market cap and put revenues. Give it some time to see your investment flourish.

There were some workings out yesterday on five wells doing 1000 bopd our market cap would be approx £155m!

Even if they only get half of that it's still 77.5m MCAP - that's superb. So imagine with the new wells being added of oil, then add the gas and lithium !

We are sure of one thing - we are not a 10m MCAP company anymore. If PPP release good news and come out of suspension soon after then I'd expect a big re rate from here. I was expecting a re rate anyway but it could suprise us all. 110 million shares in issue about to join the prime market!!! We don't have much stock as it is. If EUA could reach 50p with over a billion shares in issue and no deal like ours then where could this go?! How high?

RRR were low shares back in the day - from 8p to 400p

NCYT had 95m shares - upto £pounds per share

GDR

SOLG - billion shares and hit 48p

GDR

GGP

And more.

Ours is not a fluke, it's a fantastic deal landed but Tom and co. We would deserve any rise we get.

The bare minimum re rate we should see is 30/40p imo but even then that's conservative

Let's get the updates and the JV's firing and

Tick tock one day closer

ATB

De ramping a suspended share that won’t move 😂 Brilliant, just shows the intelligence of these trolls.

Derampers starting early today.

If it take too long to publish. The next account period will be them which is published in December Look up last years December RNS

Hopefully not much longer to wait. A bit like going to watch a footie match and the floodlights fail. They are being worked on but the wait can be frustrating. GLA