Member Info for AParky

Or even secondary, both use gas u plonka

Ho ho smart arse have a look at EOR recovery, it's a method that could have possibilities if needed

May be wrong but gas could have been kept back to stimulate oil production when when flow rates drop off

Looking after shareholders interests (yeah right) and doing shrewd deals and sinking the ship for an ha'porth of tar springs to mind ie chinese pumps and failure of some drills. Pay peanuts and monkeys will arrive all be it so called industry leaders.

Maybe it was taken off the table, who knows it's not been mentioned for a year or so as all to often happens.
I'm haven't mentioned this as some sort of ramp I've done it to highlight it to other investors that asked questions or weren't aware of it. They can take their own veiw on what it's worth to the company, I know what mine is after being here all these years and good luck to all the new investors and dont see any harm in pointing out the past be it good or bad.

Its there for the future though when the time is right providing they don't loose it because of inactivity as happened to Repsol etc, a story we are all aware of.
Going forward if we can build up a war chest off the back back of the Vaca Mueta concessions it could happen. But then again unless we avoid the headwinds of the last pp performances we aren't going anywhere.

Its amongst the RNS's and if my memory serves me well I think I compared it to a mega find off the coast of north Africa at the time and they were saying a trillion cu ft or mtr were worth a billion $. Obviously things are tad different now, I will try and recover the figures to confirm, until then dont hold me to them, i might have turned into a rambling old man in lockdown.

Before the grim reeper creeps up on us again that was based on approximately double the gas price that has been set by the Argentine government .
Better get their skates on though they have had to apply for one extension already

No problem NM, if we ever go down this route (a big if) with Trafigura on board and its a success it would be transformational.

The Martinez Del Tineo (MDT) Deep Gas/Condensate Prospect

GCA had previously assessed that President had unrisked recoverable Best Estimate Prospective Resources as of 31 October 2011 of 570 Bcf of gas and 14.5 MMbbls of condensate relating to the MDT deep Paleozoic gas/condensate prospect. The GCA economic evaluation of the unrisked Best Estimate Prospective Resource gave a NPV10 value of US$1,028 million calculated at a gas price of US$4/MMBtu and a condensate price of US$65/bbl.

As a result of recent technical studies, including studies undertaken by President on previously unrecorded nearby out-crop sections, re-processing of all regional seismic and incorporation of recent knowledge from the exploration successes across the border in Paraguay, President has now high-graded its management estimates of the Prospective Resource and included associated prospects in President's adjacent Matorras Licence area.

President has now assessed that the unrisked recoverable Best Estimate Prospective Resource for the MDT prospect as of 30 June 2015 is 2.3 Tcf of gas and 59 MMBbls of condensate, with an overall chance of success of 25%.

With the inclusion of the Prospective Resources in the neighbouring Matorras Licence, the aggregated, unrisked recoverable Best Estimate Prospective Resource for these Paleozoic prospects as of 30 June 2015 is 6.6 Tcf of gas and 166 MMBbls of condensate.

The MDT prospect can be explored by the deeper leg of a development well at the MDT field drilled to intersect and produce the shallower proven and probable oil reserves, thereby saving costs of a dedicated exploration well. The deeper exploration leg in MDT would also act as a test of concept for the Paleozoic Prospective Resources in the Matorras Licence which are dependant prospects.

Current gas prices in Argentina are running at US$7.5/MMBtu and in excess of US$70/bbl for condensate.

Armed with the new long term Concession, President is continuing discussions with potential strategic partners relating to this prospect.

A new presentation on the MDT deep gas and associated prospects is now available on President's website.



* The GCA figures reflect the current 100% ownership, gross of royalties and are estimated on the SPE (Society of Petroleum Engineers) standard.

** The unrisked recoverable Best Estimate Prospective Resources as of 30 June 2015 of 6.6 Tcf of gas and 166 MMBbls of condensate is the aggregation of the individual Prospective Resource estimates of the deep Paleozoic gas/condensate prospect at the Martinez Del Tineo field and the associated prospects on President's adjacent Matorras Licence

Someone asked where and what MDT is so I provided the information with a copy and paste and a further post, with a note on sp and the number of shares back then

Read my post again thought u were having another negative dig.
What does it say at the bottom?

And your point is Brasso

dentified exploration target Martinez del Tineo with gross unrisked best recoverable estimates of 570 BCF of gas and 14.5 million barrels of condensate (Gaffney Cline January 2012), valued at 67 pence/share risked (253 pence/share unrisked

Hope this helps but please ignore the sp valuation there were a lot fewer shares back then

I can remember them saying it was to big to take on at the time, very deep and very expensive. I think it was oil first to derisk it then carry on drilling down further for the gas

Sorry dasbig busy decorating at the moment.
As 5/8 says its in the Salta province and its absolutely humongous if its ever drilled, bilions of cubic ft of gas and a bonus of oil as well if all goes well. Makes what we doing now look miniscule in comparison and was also rolled out as a possible farm in play but never came to anything.
Its banked for the future when or if we are ever big enough to take it on

The best left foot in football, Messie comes in at a good second place.

We need to produce a lot of gas to make some serious money going forward, every bit helps though. Wonder if the shift towards gas production will ever lead us back to the massive gas prospect in the MDT concession

I think we need the hand of God

If u type a search for ppc above it will bring up the nex listing as well as lse

Actually its not as bad as it seems, they've got 12 months to get the sp below 1p. The way they've performed in the last 5 or 6 yrs years thats easily doable.

Agree with both sides of this mornings posts, but this is starting to feel very much like a repeat of Amerisur. Gravy train.