Member Info for AParky

Did the same myself 5/8 out of the ppc trading pot, had to many false starts with ppc not to take advantage ahead of updates.

Some may well be taking a slice over to panr DRichi, good testing results in the next few weeks could be a game changer for them.

Nice to see it blue on a not so inspiring rns due to the way things are regulated in Argentina.

It was a big thing when the ifc came on board taking the sp vertical at the time, something trafigura coming on board hasn't managed to do, yet. For what ever reason ifc have gone.

Yes we all know that Steven, we know everything PL has said over the years, what he's got to start doing is getting it consistently right instead of consistently wrong out in the field. Words mean nothing at ppc ( P Levine plc ) and only successful actions will bring back confidence.

The market isn't going to let him off the hook any time soon, his one step by step approach has taken the form of 1 forward 2 back, maybe he's got his shoes on the wrong feet.
Seriously though I think his near thirty percent holding is a big negative and I think we can be certain he will be topping up through his loan fairly soon now that the recent uptake has been announced.

Easyroad spot on i think we have been here long enough not to give Levine to much if any credit, it only gets knocked down by his next move or failure. We are where we are because of his leadership and the market values us accordingly so its going to be a hell of a come back if he ever achieves it.
Don't think he would still be around if he wasn't making a killing from his loan agreement.

Lol you asked for that one easyroad. A step in the right direction but not for the sp, it would have been nice to know how much the transport costs we are roughly in line for, as it won't be cheap hence the plan to link up with a pipeline

If he doesn't produce the goods soon I think we can all put him into the same category as the tom cross and Giles Clarke club, past performances are no recommendation for the future. But are quite happy to make a very good living stringing investors along :)

Now that would ruin a good whiskey, omit the cornflakes, more room in the bowl. :)

Anywhere up to £1 which would put us at a mkt cap of £342m, a bit lofty without any sales. Still of the opinion this will be snapped up before it gets to expensive to be taken out.

Its a significant step forward for Paraguayan oil and gas and can only be a plus for ppc, whether it involves us we will wait and see. Where it could definitely help is in the infrastructure department if any significant finds occur be it us or any other company.
Two of their blocks border our blocks we are surrounded by them the others being old amerisur blocks, a farm in well may be drilled by a third party for them as they are looking for companies to get involved in the drilling process so puts a bit of a question mark in the mix.

Paraguay’s state oil company Petropar has budgeted 5.04bn guaraníes (US$700mn) for 2021, part of which will seek to add new impetus to upstream development.

The NOC’s head Denis Lichi Ayala provided the information during a presentation before congress’ budget committee.

The plan includes hiring specialized consultancy and advisory services to evaluate the potential of acreage granted to Petropar, design exploration programs and draft an action plan for the involvement of the private sector.

In June, the executive branch granted the state operator two blocks in the west of the country that took the number of blocks held by Petropar to six.

A seventh block is in the process of being granted, according to the presentation, which adds that “for the first time in the history of E&P in Paraguay,” Petropar is taking charge of exploration as outlined in the company’s law.

BNamericas has highlighted that the country’s efforts to tap its hydrocarbon resources have not moved beyond exploration, which would be due in part to the frontier, high-risk nature of the country’s plays, and well-established, neighboring upstream markets, further complicated by the current operating environment.

A map featuring Paraguay's hydrocarbons upstream areas, including acreage holders, as of this month is available here.

Petropar information shows that the country spends around US$240mn/year on the import of crude and derivatives

Petropar have also been given the go ahead to invest $700m in oil and gas production, interesting as its the national oil company.

Paraguay’s state oil company Petropar has launched an international upstream call for three blocks which will be offered under production sharing agreements, following a process that fell through in 2018.

The areas are Petropar II, IV and V and are identified as 9, 18 and 5, respectively, in the public works ministry’s hydrocarbons map (see below).

The minimum exploration program includes the reprocessing and reinterpretation of existing geophysical data and the acquisition of 500km of 2D seismic.

The winners would have one year to carry out prospect work, four years for exploration and 20 years for production, which may be extended by one, two and 10 years, respectively.

The NOC will accept letters of interest and qualification documents through February 28 with offers due next month and a decision expected in May, according to bidding information, available here.

The country’s efforts to tap its hydrocarbon resources have not moved beyond exploration, which would be due in part to the frontier, high-risk nature of its plays.

Changing regional energy dynamics, such as natural gas growth in Argentina and Brazil, and an associated potential gas glut in Bolivia, also would be curbing interest.

Among the few international operators with acreage in Paraguay is President Energy, whose chairman Peter Levine recently told shareholders that Paraguay “is very much still on our radar.”

It certainly is, and it never usually favours/benefits the small investors

RogueRiver ooh was that a dig at someone who has spent months posting negatives about the company to now seems to be ignoring most of them.
Until we get further positive updates with sustained production and a possible increase nothing has changed here we are still only around historical production forecasts so things need to happen this year to address that.

As for PL being balls deep in ppc as someone recently commented, that has only come about off the partial use of the exorbitant loan that he has set up with the company.

Not really NM, the last time we were shown one of Zaks charting skills the price went lower. At least this time there is some positive sentiment behind the sp (ramping) in the form of some half decent figures, all bodes Well for a short term spike.

You never know with PL if he gets exited about a new project on the horizon or traff want some more cheap shares. Still we may be lucky and he will be recovering from the Crawley Town shocker for a while yet

Its amazing what a 1p rise from all time lows will do for some, some decent news and we could add another 1p so be prepared it could get really silly.