Pennpetro Energy Share Chat (PPP)

Afternoon All !

Been working hard the last few days so not had much involvement here or telegram. So pretty much the same messages being said, we are all waiting on news and an update....

So if we compare it to last year we had an update yesterday/today so week 6 into suspension. No fear, we know from the telegram group and email shared that there is a lot going on in the background, we know they have done work overs and i believe they will be potentially either targeting or drilling new wells or maybe just working over five existing wells for now...

We have loads of news to come, massive news, Lithium JV updates, Gas updates, Oil updates, Revenues updates, we still have the re rate post completion that we never ever even had the chance to have due to the suspension. I believe we are looking at September/Early Oct return, i would rather them delay and come back with loads of share price catalyst news, we want maximum re rate possible, then with every milestone passed ie new lithium wells drilled or oil wells drilled etc it will only add to our MCAP. Patience is required for now but i believe we will be rewarded handsomely. It has gone pretty quick, i know we want to be back asap but sometimes things are best waiting for, another reason why it might be very quiet is a lot of cards close to the chest, we can all bet theres a lot going on with our JV's, they will want to surprise the market and give Shareholders and future investor's / ii something to get excited about!

Tom promised us the deal end of month and he delivered, there's so much more good stuff to come, not only imminently but over the course of the next few months to a year. I am happy to wait to get maximum return on my investment, the future looks bright for ppp based on the deal alone let alone adding all the good stuff on top.

Not long now IMO, at least for an update officially by RNS, then suspension lifted by end of sept/early oct IMO. We know the new market awaits our arrival, as does some hefty buyers, ii's and it will be amazing to be back.

Theres been a bit of talk about charts, the chartist from a couple months ago that said resistance points at 35p, 67p, 104p probably will not be far off, remember fair mcap for ppp should be 30-60m mcap now post deal, if all five wells are firing at 1000bopd then we are looking at 155m mcap, imagine when Global add more wells, lithium, gas, oil = more revenues....

GL All, keep your chins up, good times should be headed our way soon!

Couldn't have put it better myself. August went very quick, where did the summer go!

Anyway someone mentioned Indus whilst we wait, researched and had a few bob there

Mmmmm, indus , bit of a sleeping giant that one , gives me the same sense of anticipation as PPP ;)

I haven`t bothered posting for some time simply because I have nothing to add to my earlier posts .

As usual Affrm , I can`t argue with any of the points covered in your post .

However , I do have a slightly different view regarding the reasons for the `Apparent` delay in relisting .

I mentioned before that I would not be in the least surprised to see the Lithium operations spun off as a separate business .

In reality it IS a totally different business which will require different expertise , development and funding .

IF , this is what they are working on the delay is hardly surprising and has nothing to do with the accounts , it also explains the reason for a total information blackout .

Fingers crossed for a one for one split ! ~ NO guarantees there ~ but :

I`m totally relaxed about the future prospects for PPP and look forward to PPP`s return to the market ~~~ Sooooon ~~~

VGLA ~ Investors .

V111jas .. good point , my question to you is , if your hunch is correct and the lithium is spun off as a completely different business , what does that mean for us ?? many thanks in advance

As a newly formed, independent entity, the business unit will have its own set of new shares (and ownership claims). The existing shareholders receive shares in proportion to their original ownership percentage in the company, i.e. on a pro-rata basis, and in the form of a non-cash special dividend

Staut TV many thanks.. so in- other words it like wining the lottery .. we would own two companies shares for the price of one and if we sold out it would be twice the cash ???

LoL Tiger ! Not quite . Stuartv is basically correct .

You would have shares in the original Company which `Might` have a reduced valuation having lost its Lithium , but frankly we do not know what value is to be given to PPP . Even without the Lithium pearl , I doubt PPP will have lost ANY value pre suspension . I still think 18p is a conservative relist price ~ for 110 Million shares ~~~LOL !

A split `Might ` not be 1for1 , and the `New ` Company will likely have required a cash injection to provide liquidity .

It may or may not have an interested party with a %age holding and all this (Among many , many other variables ) will determine a value for the `New Company` .

I`m afraid it is not as simple as 1 + 1 = 2 . Etc etc.......

BUT ~ On balance I believe such a split would be hugely advantageous for current holders of PPP shares .

Just my thoughts . Absolutely NO advice intended , and I might be very wide of the mark .

VGLA ~ Investors .

( Should not be much longer before we hear the fat lady singing her heart out , imo !)

V111 jas many thanks for your post and advice ... There has to be something going on in the back ground , Tom is a share holder himself with a significant holding .. he would not want to delay re listing on the basis , we al know the market in the USA is not looking healthy and fear of recession is not good for investing ...

I Have had this feeling all day that we will be back in action this week ... i really do .. the anticipation is killing me lol

Chill Tiger - you’re bouncing off the walls like Tigger ;)

Tomorrow is the day of reckoning Megan .. be up early .. 7 am bang .. the ticket is about to come in .. I just have this feeling ..

You could have IBS ? ;)

Some will be nervous but now the deal is done we should see Globalvision add to the portfolio now for both companies. It's hard to fathom that we are in a better place when our money is "tied" up but they are cracking on and we can now just hold fire and let the companies crack on, they will be working hard to succeed themselves, I believe Tom/PPP are doing everything NOW to be professional, they have done a fantastic deal which secures future revenues and stability through a 30 year royalty deal, they have hired Westend LLP for all accounting and company secretary needs, they are joining the prime market,they have an ii on board and I'd guess we get more ii's in the coming weeks and months, a new website is coming, new JV deal has now begun, with thousands and thousands of acres of oil, gas and lithium all to be explored, drilled, extracted, 110m shares in issue, about to embark on a new start, i personally believe we are at the beginning of something rather big, something very good and we will be rewarded for our patience in due course.

I have noticed Tom has been online on telegram and has liked some of my posts and some others so I think when Tom is active it's a lead upto some news imo on recent form anyway. ...

So let's see what happens but I'll just list some bits below for everyone including MM's to read!

1) 30 year royalty deal was struck, signed and completed on 31/7/24

2)We had five existing already producing oil wells, these were being worked over on the start of August so am update will be imminent.

3) New accountants and company secretary appointed (Westend LLP) very experienced in the stock market

4) brand new website will be released imminently

5) 100m shares in issue! Nice and Low for maximum boom when big buys come in.

6) ii on board and more will invest on relisting

7) 250,000 acres lithium gas JV to explore drill extract

8) 2038 acres of oil JV

9) Globalvision Intl heading up all drilling and taking the costs

10) as far as we know PPP are now free of all debts

11) revenues were incoming in months

12) our acerage is in a safe, oil, gas, lithium laden area of Texas! Lots of majors close by such as Tesla and Exxon and Standard Lithium!

13) We are joining the prime market with 110m shares (currently) and sharing the market with Vodafone, persimmons, etc ! There are huge buyers on that market, imagine we start getting buys of 50k, 100k, 150ks etc our stock will run out and this will push up massively

Our fair BARE MINIMUM MCAP ON THE CURRENT DEAL IS 30-60M MCAP! That is conservative if you ask me but we have to start somewhere!

5 X wells at 1000bopd is approx 155m MCAP plus gas plus lithium on top!!! Even if the wells only do 500/600 bopd each then that's still 75/80m MCAP!! Just oil alone.

What this suspension has allowed is a lot of research and I / some believe and can see the fantastic value in ppp's deal, yes there are some risks but tbh I am very confident going forward. I think we will get an operational update soon and I reckon we relist in October imo.

The guys who are just waiting to trade this, this is the sort of shares that will give a lot more value once every new well is added or drilled or lithium gas added, over the course of a few months we could see the SP value upgrade massively.

Goodluck all ! If I missed anything feel free to add!!! 💥💯📈🎉🤞👍🏼🤝

Response from Tom on telegram - they are believing!

" What I can say is that the senior active management of PPP - caveat this with in my honest opinion - do above and beyond 24/7 365 work ridiculously hard to make PPP the success we believe it can be. "

Real Tom 😂 what’s he said this time.

A company that thinks an annual suspension is fine has to up its game.

Affrrm

How do you know its Tom and not one of the over eager Telegram group?

Didn’t ‘Tom on Telegram’ also state that there would be no placings? I’m not at all convinced that ‘Tom on Telegram’ is Pennpetro’s Tom Evans, rather just someone just pretending to be him.

To be fair Megan, every CEO says that abs then puts their hand out more. And IN PPP case, they didn't go crazy.

Zag your right, I don't know if it's the real Tom on the Telegram group.

He has however just asked for a link as other interested parties want to join the telegram group. Not sure who, why or when but he's just asked the Q