Member Info for affrm

Tom Evans (is not the villain people think he is) I'm quite a good judge of character plus a lot of us have been told about him and the ppp history etc. he loves ppp and would never want ppp to go private allegedly.

He doesn't want or agree to any crazy finance schemes. He sees the value of the company and millions and millions (the assets s must be good, otherwise why would RM be desperate to make this succeed)!

Lenigas on the other hand is a right rat. He needs looking into really quickly. Too many businesses and web of lies and tax dodging imo

I have seen it hat Delta. I believe there have been. Advances since then. I believe the delays are the audit but also due to some permits and leases. I believe all of this will be ironed out soon.

End of Q2 is approaching so we will know a lot more soon.

Before people write the company off I think we need to see what's been happening for the last 9 months behind the scenes, also to see what potential there is because all of this is still there to be released.

Delta you are more cautious right now but you might be pleasantly surprised .....remember...main market, new list of listing, big potential, this could well be absolutely electric if executed correctly.

Any later than Q2 and heads are rolling...

I understand what you are saying delta and yes they might make money by the raise however

More to this than meets the eye. Revenues will be incoming and the big thing here will be the lithium and gas. The oil ain't too shabby either! You / we will see soon. They are gearing up for a big comeback.

I'd like to add to that actually.... When ppp do come back, I believe the news that will be released will be very good indeed. RM has not allowed GV to do nothing on behalf of the JV. The acreage has been researched and tested ..... iMHO ..... Technical studies have been completed as per RNS before Christmas.

.. which is true.... Imho.

So whatever we have beneath that ground is worth fighting over (otherwise none of these people would be about). I'm excited to know what exactly. Not long now, Q2 latest for audit to be completed otherwise that's it........ That's the cutoff....

I think the general consensus is that give them until end Q2 as that is what was said, audit due to be completed in Q2. Shareholders will not wait any longer and will take matters into their own hands.

Imo they are fighting for the money so to speak.

RM - has stuck around so far, why? Because he must know that it's worth Globalvisions time and effort to stick around and be a part of the future here.

SL - probably cares about the loan above all else but he must also know ppp assets are worth something

GEM - they now must know what the assets are worth / understand that investment in ppp will make them a lot of money in the future

To me it shows that whatever is in the acreage is worth fighting for.

IMHO

Yes Globalvision are footing all the operational costs such as drilling etc for 12% on existing oil wells and 10% on new wells

The lithium and gas is a 50/50 venture.

Solstace I guess they don't want to use all that debt if it's not necessary and also Globalvision are footing the bills and it's passive income on the oil and then we have 50/50 on the lithium and gas. That's where the real money maker is IMHO

But Delta your always choosing the doom and gloom path, I've called you out on this before.

At the end of the day the money is there now if we need it and I guess they will dip into it when the JV is in full flow. £21m available (should we need it)

The £150k is only an initial tranche and the rest will be able to be drawn when milestones are hit such as re-trading again.

Just a recap -

"We are delighted that GEM has continued to support and share our vision for the Company. The new Convertible Loan Note Facility, coupled with the reinstatement of the previous Share Subscription Facility will ensure the Company is able to access the funds it requires for the foreseeable future", commented Stephen Lunn, Chairman of Pennpetro Plc.

Delta

You have picked what you wanted out of the RNS again. To suit your agenda? Get in cheaper? Shorting/spreadbet?

This is what it was actually for

"Pennpetro" or the "Company")

Company Accepts a Convertible Loan Note Facility for £1,000,000 and Extension of Previous £20,000,000 Share Subscription Facility

So a total of £21m should ppp need it.

Tiger, thats a good point made tbh, what else have they got up their sleeve, for GEM to want to part with millions of funding (regardless of 4p warrants) they would have had assurances that something big or worthwhile within the GV/PPP acreage.

If they can get everything together, finances in order which looks to be by Gem??? Accounts signed off and an AGM then we are onto the good stuff ie JV/Drilling/revenues/Lithium /Operational updates etc, there should be a lot of good to come soon. Hopefully we are getting a move on now after the RNS last week.

So then what's next? We cannot be far away from the accounts and audit completion now. It seems finances are now ok, so surely not long now.

I guess there's lots of news to come in the next few weeks.

I'm still very hopeful that ppp will come back in a much stronger position than before, money available, new JV, many prospects of drilling and income too. We are getting so close now IMO.

right guys good morning!

erm about yesterday, firstly it's not a traditional raise, i see it as in a roundabout way a bit positively only because it means ppp will have funds to draw from as and when they need them, to use with any operational work within the jv acreage. personally i'd say gem have warrants at 4p however i bet they know something more than we will right now and signed nda's.

i get that when they sell then shares will be added as and when they sell but it's a total of circa 180/190m shares all sold off, that's still really low!!! i know it's a kick in the balls but imagine a big operational update or two and only 110m shares (currently) in issue on the main market with some pretty exciting prospects and acres, the share price could go ballistic.

it's so hard to see it right now but if eua are getting to 48p with over one billion shares then how much can ppp reach with some good operational updates and low shares in issue, as soon as big buys flood in it will be just like before, it was going up massively and quickly and i doubt it would be any different tbh.

imo going forward none of the ****e will happen again, accounts will not be filed late, no more suspensions, a new website will be released, good operational updates to come too, i'm looking forward to the next few months as a ppp shareholder, particularly anyone that stays in i think will be making good money here.

depending on news and amount of buy orders this could jump up massively on open. yes it's been a hard ride but hopefully all the pieces are starting to join up.

just my view on it all.... i hope it makes sense what i'm trying to say about ppp and it's future imo.

Agreed 👍 we are coming back and there's a lot more news to come that's positive

Yes I he CLN isn't ideal but they'll only exercise when they feel it's worth it, GEM must be pretty confident of decent returns imo. More news to come.

Showmethenoney - I understand but this update is completely separate, the operational news will follow soon.

It's GEM that will want the share price higher as well as us because the higher it goes the more they'll make, they must be sure that ppp and GV are onto something decent, something we will find out about soon.

Rigs are onsite as per GV website, don't forget GV can drill on behalf of ppp under a different name and license names etc.... there is more operational news to come (that is not a guess either)!

I bet this is the start of news rich period IMO. Now it's coming back and access to funds etc of course it's not all Rosey but GEM will believe the SP to be much higher than 4p IMO, they are probably expecting big profits (they must know something we don't)!

I wouldn't be surprised if we get another rns or two next week, perhaps another today?