Member Info for AParky

Apologies, 500 bpd from the 2014 days

Comeonvog we've been told all sorts of things over the years and very few have become reality, most recently 4000 bpd made up of a 2000 split, where are we today and what was the point in quoting that figure. Yes we have moved on from the 500 bpd days of that era but at what cost, millions of dollars with very little return, well for most but not for some.

Salta province are old fields where we have had our fingers burnt once before with a failed attempt and other misfortunes.

Confidence in the management of ppc was eroded way back and hopefully will return one day, but they will have to pull some hum dingers out of the bag to get there i think, mere comments and the likes of Traffigura coming on board don't wash anymore as has been proven over the last 18 months with sp. It could all change going forward, we will have to wait and see.

Quality of partner and terms of agreement will dictate any sp movement i would think, the failed attempts in 2014 could hold us back a little until they are proven to have been the ground work for hopefully a successful well in a new location.

More tweets, work over rig.

I'm the same don't do social media, in some respects its changing the world and not for the better

DRichi new pictures on website twitter feed, all looks tidy just injecting a bit of light hearted as we wait

Morning Bimini, have to agree with max and mel's comments its going to be at least the back end of the year for build and testing completion. Don't know about the others but I was under the assumption the first patient and machine were destined for Harley st.
Sp is a bit up in the air really we've had two recommendations of £1.29 and £2.36 from companies doing coverage of AVO, I would think not much more than £1 for completion and then its down to sales till then I suppose value can only be attributed to how much has been spent on this so far. Passing the buck to the Birmingham hospital Trust for fist patient treatment was a bit of a curve ball for me and makes that milestone a bit vague going forward, but we are used to that with AVO.

Wow this is a shallow well, they're only using a JCB. That's a lot of MOT just for a JCB but if that's all they need it should be on time and on budget. All the prep work looks nice and tidy in prep for the drill.

Wouldn't be the same without a good moan off Meldrew, well placed moans though I might add. :)

Decent top Elland showing on the other market, trend is our friend at the moment so 3p could be on the cards by the end of March. Hopefully should hold steady after first well news with the follow on wells coming so soon after, assuming we get a good result of course.

It does look like they are trying to address production figures ups and down and get them more consistent, but its no good keep stating highest rates achieved only to be much less due to the wind blowing in a different direction.
Agree N2M reality is we've been well and truly banjaxed so far, things are looking slightly better but as always on the AIM market will WE ever see any benefits.

As they say, a few more wells to give stability to the avg production figures going forward and should take the guessing game out of our minds moving forwar

A stable democratic country mmmmmmmm ! CONGO, CHINA, VENEZUELA am I on the right track or slightly off.

To save Steven49 some effort oil is 67 pb and then 68, 69, 70 and then 71. That should take a bit of the weight off his shoulders. The covid jab seems to be working feeling a lot more generous today.

Berenberg

We have and thats a big mistake, sell before the news and leave some for someone else.

Comeonvog internal estimates for Paraguay have always been their it just didn't turn out the way it should have the first and second attempt so third time lucky maybe.
Came on board here in 2012 with great expectations of a repeat performance from PL and had some good gains early on only for it be partially whipped away by the 35p placing as many of the lth will remember. Always kept a core holding which is still in negative territory, not much but each trade in and out gets nearer to break even and then it will be adios and a lesson learnt along the way. Ppc is one man's baby and one man's profit, alas its for the few and not the many :)

comeonvog don't know about the tap being fully turned on, it sounds more like the taps been spluttering a bit and the washer needs changing :)

A good rule of thumb on aim is to remember is its not actually the people who are supposed to make you money actually do, ( they only make money for them selves, 12% plus wages ) its the new investors that come on board that unfortunately make you money.

That one statement in the rns i highlighted protects PL's loan for future income, be it in cash or part taken up in conversion, it has never been attempted to pay it down as long as I can remeber

Thats just aim in general fiveeights, thats what it has become. Take advantage of any percentage rise before it disappears, re group and wait for the next one. There aren't many companies on aim who will ever see true value on aim any more its casino betting sad but true. Gameshop is a classic example of what aim has become in this country.

At least we know 4000 boepd was achieved ( for an hour with a strong tailwind ) last year, whats a little concerning is they don't expect anything higher for this year after all the work is done. Are Wells dropping off as fast as they can drill them, if new Wells are the way forward why keep putting money into old Wells.

Full year average production projected to be between 3,600 and 4,000 boepd, based on Group capex spend of circa US$18 million. This is planned to be funded through own cash generation complemented by additional non-equity sources as required. The full benefit of capex will only be fully felt from the start of 2022 when all Salta new wells are expected to be on stream.

Non equity = more debt ?

Run of the mill rns from ppc as usual, some jam with a few cans kicked into the distance, at least they are positive cans.

Let's hope its not another jam tomorrow rns NM, we've had enough of those over the years.
We need production up no cash raises and a firm road map nailed down going forward and the farm out to be changed from a carrot dangled in front to a yes or no.