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Delta thanks for your input but 51% of profits in the JV for the foreseeable future and completely debt free. There must be something within their knowledge that are expecting much more than £5m of recovery and profits. Hence why I keep saying watch this space. Much more than meets the eye.......

Much more. Potentially a 3 figure mcap company.....

This JV is far more favourable than a 10% stake with Globalvision

REMEMBER!!! We should be joining the main market! Big pockets investors there where £50k buys are small fry. With our low free float and shares in issue this could rise up very fast indeed. I'd hold off any raises until the SP has risen and settled. They could raise at a much higher share price once it's , traders, investors pile in and this goes ballistic.

I cannot wait to hear more about the assets and I think we need to ensure that the best return is prepared. There will be far more about Texas than we know about now! Potentially a three figure mcap company watch this space.

Guys I think it's worth spending time thinking about what this view this means for us. I know there's a lot of petty going to throw here but I think we should concentrate on PPP and where it's heading. I potentially see huge volume here when we resume trading I mean if we were hitting 12.55 pounds when we had 10% of royalties then 51% of any profits will be in shareholder's hands and I think that is you because I think Texas will be huge the USA will be huge and any other assets like Canada or Poland or Ukraine will all be icing on the cake and could potentially be really good themselves so I think if it hits 12.55 pence before then I think this could multibag from here

Something is definitely cooking in Texas. I think and hope all impairments are reversed and there are new wells to be announced shortly.

It will be expedited especially now. Also having the grans chief - a man with big links in business and in land will probably get the best out of ppp. I hope when they raise it's fairly and not too low and only when we need funds etc.

Exciting times ahead here imo.

The RNS is good really, I'd say on paper it's much better for shareholders than 10% royalties. 51% profits in the jv for the foreseeable which I think will be big imo. More Texas and USA asset will be added plus the other assets too.

I think we have billionaire backer. Not many can say that at 10m mcap!

I'd say this is a strong buy now. I think there will be news on assets thick and fast. With what's going on in the middle east, ANY USA OIL AND GAS COMPANY must be absolutely in prime position for max growth. I mean I think we could get government funding as well as private.

This could be huge for us 👍🏼📈🙏🏼

Multiples of 10ps*

51% instead of 10% royalties - we rose to 12.5p so I think if dilution is not stupid then we can be looking at multiples or 10ps

Bring on the next chapter of PPP. I hope we have lots of exciting assets to be added to our portfolio. Texas hopefully they reverse the impairments and imo we could be a three digit mcap company. Lots more assets in USA to be announced imo watch this space......

i must say, that rns is ******* brilliant

absolutely huge things coming. 30p may be blown out of the water!

What ever happened to our poster Robert00? I haven't seen him for ages he was always positive about ppp

Depending on news it could be 25% up or more. Just depends.

If Texas gets the impairments reversed we are onto big things.

The original Texas assets plus others to be added imo plus the Ukraine, Canada and polish asset will send this sky rocketing. What we need is as much news like that as possible. Things can be added over a period of time but the mo e we come back with the bigger and better our return will be. I think the prospectus is going to be an interesting read. I bet there's some exciting prospects on there!

I hope the board take Gregorio and Tuan to court.

I wonder what will be the next news release?

Your right casper, well said.

If Lunn is happy writing off $5m for 50% assets then rest assured there's much more value than we know about YET.

I think much more will be known soon and I think now its $114 per barrell of oil they will expedite all operations imo.

I missed this RNS, so the interims are now out which has to be another tick and move in the right direction.

I understand posters here that are frustrated about no mention of resume of trading but I think that can happen anytime & it might be as soon as next week for all we know.

One key thing is Texas, not to sound like a broken record but Texas is a major coup, look at the RNS wording, it sounds like they are going to full reverse the impaired assets imo or as many as possible plus fast tracking more USA assets and Canada too as well as Ukraine, I mean that's a good thing right?

I don't know if we have to wait until after the AGM to resume trading, I don't think that is the case imo).

Good news about the prospectus in its final stage, I think we could hear more news and rns next week tbh. The first Texas oil well to be ready in a matter of weeks and straight into production - that's pretty exciting tbh.

Maybe they are trying to get as much going before resuming trading, perhaps it's required as milestones before RMD will stump up the cash for each milestone? I'm not sure but you know what in the grand scheme of things I think this has been a positive week for ppp shareholders.

IMO there's more to come with Texas, big things can happen there and let's hope the other assets are good. Oil at $106 per barrell - we are in the right business for sure!

Plus the gas let's not forget! Anyway I know we aren't out of the woods yet so to speak but I think we could be on for a big return imo. Hopefully dilution isn't too excessive and that helps major growth 📈 and stability for ppp share price.

Solstice I think we do or at least 50% or them plus others still yet to be announced. Work must be ongoing on securing leases. There's much more usa and Texas assets to come imo.

They will need some investment but they'll secure funds.

I have big hopes for ppp and I think the well will be up and pumping oil and gas very soon. I think theyll be fast tracking oil and gas wells in Canada and America and Ukraine will be a big coup for ppp and EU oil and gas sales. Think a bit more mid to long term, this could be a pretty good high mcap company tbh. The well they are going for immediately was flowing at 510bopd initially but if they can get that oil flowing at its peak at today's oil prices is $54000 per day! One well! I think ppp will be literally drilling their hearts out, I think they know more about assets than they are letting on at the moment but it's all moving in the right direction. Hopefully dilution is kept to an absolute min for max impact and SP rise and I think plenty of new investors will be onboard Inc the grand chiefs mates no doubt $!!!!

Bobrad is worried sick this is coming back. He's obviously shorted it. Gregorio and Tuan are all silent and worried now 😂

Anyway, big things coming for ppp. It all takes time but things are moving back in the right direction now. Texas well start giving immediate production and I think as the time goes by they will be announcing more oil and gas wells and prospects in the other areas of Texas and USA mentioned yesterday. The chief will have a hand in securing leases and land mark my words.

Ukraine could be big, it will need

So we should be cash generating soon. I think there's more to texas and USA that is being released to us. I guess they want to release news as and when they see fit. The prospectus should make for good reading.

Pennpetro Energy PLC - London-based developer of "strategic traditional and transition energy projects" in Ukraine, US and Canada - Decides to resume production at one of four wells in Texas, known as the Chalk Talk A-1H well, "subject to necessary administrative and protective processes". Aims to generate near-term revenue as a result, and in parallel with the development of other projects. Chair Richard Spinks explains: "Our interests in Texas do not divert attention away from Ukraine, or other opportunities we are exploring but with the strong oil price currently, we felt this decision was in the best interests of the company." Should production at the Texas well resume, Pennpetro expects a partial or full reversal of the impairment loss previously reported for this asset. Expects work towards production to start "within a matter of weeks", with the asset becoming operationally shortly afterwards, subject to any time required to renegotiate the lease, which former management had allowed to lapse. Adds that it has secured funding for this work with RMD Group, and that: "This move is intended to transform the company into a cash-generative business while current global geopolitical landscape creates opportunity for higher returns on production." Says it is targeting "the Limnytska license in western Ukraine as the prime, large-scale asset for acquisition, whilst also evaluating other Western Ukraine licenses to leverage proximity synergies and near-term production." Also continues due diligence on further opportunities in the US and Canada.