Member Info for BaysilHope

Wild guess, could the third drill going to Petro AP - give time for processing and analysis of their results before the Matorras term deadline & negotiation>? or they have to drill before their term deadline??- If 1st 3 drills were PPC Pizarro 4th drill results too late to benefit a Matorras drilling decision 1st Mar 17. Placing Pizarro 3rd should get it drilled by 31st Dec early results an plenty of time to share findings ( Matorras would be important to any Petroap/PPC JV discussions) - it adds critical mass to any gas project - I have no info on Pizaaro prospects which should look good at $43m!!. . Also note, Quote' 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. Bottom line - the Petroap Pizarro drill is very important for PPC , if successful it could de-risk our Gas Prospects and assist in planning our next drilling prog - the economics would suggest a JV could maximise both companies investment. PL does state he will review 2017 drilling plans after these 3 drills. March 17 could be a different corporate landscape, if drilling results deliver.PL has proven his concession negotiations skills upon which the Chinese might want to piggy back thereon. I am unaware of the Pizarro concession terms but we know 100% they are not as generous as PG . So A potential win :win in 2017. Only a guess - why loan drill on 3rd ? must be timing deadline both of us maybe.. Anybody has any info please help thx GN - In an ideal world - drilling results dependant - objective both Matorras & Pizarro concessions get co-terminus and Analogous resource profile to PG - wild guess.

Does anyone know what the 18mth Extension terms were from Sept 15 - See Investor Pres as at 30th June 15 for ARG published 25th Sept. One PPC weakness is incomplete info, the Concession for Matorras is on their web in Spanish!! but the original, can't find mention of any Drilling commitments.2 Problems - 1. Matorras so far is conventional only and Pizarro I think. 2 - Next term is 5 years too short for a $200m project - the concession is out of sink with PG 2050. There could be a need to drill in M Block before Mar 17. Hence keep PG 1st phase 3 wells only.

It seems Petro AP cover their news well enough for us to keep up to date when the drill. So really PP faithful are treated to a drill every month throughout 2016 our 3 production wells & an Exploratory well paid for by the Chinese in Pizarro into our shared structural trend. As Brasso3 says any significant finds only help. With the operational disruption - still seems strange to chop & change once the boys are in horizontal Rhythm - so to speak.. News will out & our SP should have reinforcing news hopefully every 4-5 weeks from here on in 2016 - hopefully!. GL There loads of historical info on PPC news RNS in 2012 which give greater depth and meaning to what's happening now- worth a read again.

Slide 26 shows the trend thru the concessions & what IF we (lend the drill for) the Cash rich Petro PA to - see below a Deep drill into the structure - I know MDT GCOS 26% but both companies seem to be moving together in ARG same pace - It would be nice to know where they will drill - Map slide 26 gives a clue. Quote Slide Matorras (1,469 km2) – awarded Aug 2012 Largest structure in Basin – (on trend with MDT) Tested by YPF during 1970s / 80s Minor Cretaceous discovery Untested deep Palaeozoic potential - El Ocultar 734 km2) – awarded Aug 2012 Small scale Cretaceous potential - Pizarro (3,364 km2) – outbid Competing bid of $43 million (on trend with MDT) Scout data (deep Palaeozoic well test) End so Why mention Pizarro?? unless it was a 4 year old hint!. GL GN

It's like 2012 PPC in ARG frozen for 4 years, conditions change we get 100% Currency Control lifted ARg emerging status, POO in recovery - go again. RNS 16th July 2012 – Bidding process - These areas cover a combined area of 5,948 sqkm with two of the blocks (Matorras and Pizarro) being on the SAME STRUCTURAL TREND as the Palaeozoic prospect under the Martinez del Tineo field at President's existing Puesto Guardian concession. Petro AP & PPC are joined at the hip with Pizarro & look at their Petro Arg Concession map (8) and commonality with PPC even in the Northern boundary with Paraguay next to Pirity. The potential for JV is huge. PL’s played this down big time. Quote ‘ After a series of negotiations, Petro AP signed two cooperation agreements with President Energy and H&P Drilling CO. regarding activities in the Northeastern Basin of Argentina, which started a new era of cooperation for involved parties'. Finally where are Petro AP registered - DUH! The British Virgin Islands! The yacht makes more sense every time. GN. Thx Brasso3 - you still gave us the info and what a deeper insight for ARG oppos it reveals. The GAS production options are staggering - viewed from the 3 concessions above - multiple TCF of magnitude to be company makers for both companies. So yes watch their website for news Dec I agree - I couldn't work out why lend the rig just get the 3 done and move on. There are deeper layers going on here and our Reserve report on MDT( Including Matorras same trend)- is a beauty parade to the obvious.

Agreed as you state - It's about time - not with an underweight PV holding us back a year thru weakness - we could catch that up IN ARG developing MDT Gas huge opportunity & diversification away from Oil stronger business model - but with a partner with financial & operational muscle & expertise - totally agree. GN. Cheers.

Quote 2016 RNS - The first well will be at Dos Puntitas with a 500 metre horizontal section. The subsequent two wells will be at Pozo Escondido Este and Puesto Guardian. Feb 12 RNS Well PEE-1001 The drilling of President’s first well in Argentina, PEE-1001 at the Pozo Escondido Field, has now been completed. The well successfully encountered a 32 meters gross oil column at a depth of some 3,420 metres, predominantly in limestones, which currently produce in an offset well. Based on logs and data from the offset well, President estimates that there is 28 metres of net pay. The hole has been cased and will be suspended pending fraccing as part of an extensive frac programme to be carried out at PG in the Spring. End Quote - If we can’t get 300bpd out of 32m Net Play we need to call Linda Lovelace FFS! The plans were laid 2012 – we now know the play – first heavy duty cost expended, kill your partner, help rationalise a Nations Credit rating – that’s why PL employed Jorge and we are now running hot for next target PEE1001 with 2016 New Tech with Chinese interest – thanks to Brasso 3 post did not know - Petro PA is a global – Chinese Unit & PL keeps his gob shut on the Imperial Princess – with a couple of Killer Garlic Prawns - & A cold Chablis 78 fracked but not stirred and swilled - pre drill – obviously. As Lou Reed said you gonna reap just what you sow – with PL that’s 4 years mind you not 6 weeks. For the patient. As I said these wells are DUCs drilled but uncompleted less 2016 capex high impact return known play minimal risk.. Sorry I had to post excited!!. GN T minus 20 and counting & I'm brushing up on my Chinese, food that is. GN

I search a lot but both the last two posts I've not come near, thx where the 4X did you the contractor Brasso 3! with PL signing in camera and if Sound Oil are getting our Gas rates $7.5 - your earlier post stands even more ground of £1 per TCF The MM reticence has been (historically) can you get the profit out of ARG - every qtr this macro improves until we get - Fingers Crossed a proper Emerging Market status for ARG. Thx I've really enjoyed the updates cheers & and are totally new for me. Last post. GN

Small point - Gaffney report - we produce gas ARG obviously but its either vented or re-injected into producing wells and does not form part of the Sept 15 reserve report - Developing the Gas side of the business over the next 2 years will be a huge profit & added value play in conjunction with Oil price recovery as the $250bn cancelled investment hits global output 17-18. We are re-balancing our portfolio at last. GN last post. For the patient.

Great point AParky - plus we are guaranteed a higher fixed premium rate for Gas > Mkt rate, most of the infra structure is there in ARG ( ARG Currency Controls Drastically improving so its becoming more bankable) unlike Sound in Morocco pipelines - still Sounds find is brilliant - and we've not looked at Paraguay yet & we get no press - plus also we have a BOD that's buying in - not selling. Drilling results +21 days and counting fingers crossed. GL GN. Once we're thru 1kbop our options increase so does profits and cashflow on an incremental basis. PPC Mkt Cap £55m Sound £270m which would give us +50p per share.I will top up on weakness. When prodn hits a safe level - a wildcat MDT drill is affordable then watch out. Not far away.

Dim point to encourage the faithful. Pl Yacht probably 40% PPC Mkt Cap ( Measure of ambition) . You can't persuade suitors from such a low PPC corporate base to wade in with the big stuff. PL got the Class1 Boat licence and as we drill I think our rating as for a destination Latin American share will blossom for overseas funds . Not a ramp - we've all lived thru 4.5p FFS For the first time in the last 3 years the DUCS are lining up in a row and momentum, Cash, Prod'n , JV's we are starting to look good with a very clear LOW RISK progression Output next increased Volume New Reserves - & New Blue Sky drilling - I wish I was 21 & I did top up but not enough! . GL Last post.

Quote -The daughter of Captain Pugwash creator John Ryan has revealed how her father was traumatised by urban myths Quote - about rude character names that never existed. Isbael Ryan said her father’s childlike innocence was lost after student newspapers in the 1970s created malicious rumours about the supposed smutty names of the TV show’s characters. While it did feature a - Master Mates - ! and a Pirate Willy ! , characters like Seaman Staines ?????, Roger the Cabin Boy (Tory Eton stain parallel ) and Master Bates ( Hommie) just did not exist on board the Black Pig pirate ship. “Yes there was a Pirate Willy, but back in those times people didn’t think that way.” Pete, Keep a tidy Helm and true West & Avoid Captain Ahab Gonzo. GN I'm mixed up now. HNY

DRichi had a look at the photos - the dining area a bit small for a Govt Cabinet meeting or IFC PLacing and MBO review . PL has done mega well - & shows the measure of a very great man (Seems so - Yacht Unfinished in terms of Ambition next is a 50m and applies to PPC)- I know very small little of Yachts - only cruises from TBI holdings modestly - the power of a Super yacht from marketing and sales significant. From my point of view - I love the ambition, Me I'm backing a winner - he's earned it through skill and endeavour - let that continue and bless our investment faith or I'll sink the Boat - joke . TBH - I would not be interested in this share unless I connected with that PL Drive - Conflict over territory FU attitude and do it my way, hard negotiator -delivering however long it takes. For when the walls of resistance crumble we fly. Last point - we are drilling our LEAST attractive well in terms of Reserves - look forward to the wildcats next 12 mths - potential Beserk.. GN.

Lapacho Paraguay Duster Now Makes sense - it wasn't the drill string failure in Lapacho Dec 14 nor the Mud selection nor Schlumber testing - It was PL pXXXing about with somebodies Imperial Princess 40m design FFS BEFORE ANOTHER placing Jesus. . No wonder Gonzo was in a state - PL was lazing on a Sunny Afternoon, feet up and the Tax man has not got all his dough- Virgin islands ! Seriously a Mega tool like this must deliver huge 'Offshore' Sales & Marketing etiquette & Brand - new class of venue at the highest level & good investment Yachts rarely depreciate would you believe! What I noticed PL is cheap - he screwed this 40m a discount to the more established brands & he has a huge experience in construction Pre Oil - so his contract negotiation skills has earned him the right. Request - Next AGM on Water Pete - for the brave? !! DRichi 11p All night long!! One good thing Paraguay is LAND LOCKED - until now. GL F-um. It has the only navy with one Boat - may double soon! End

There we are full circle PL FXXX the Flybridge bang in another 3 shut in wells sweet pea - Kick ass and use the 40m to good use - no doubt mega sales & marketing affect in Monaco. GL GN HNY

Unkown News.Imperial Princess: the new British 40m superyacht 2015 Princess � based in Plymouth, UK � has established a reputation for building solid and top-quality production boats, but has never been a company that likes to shout from the rafters. This relatively low-key approach has served the builder well, developing a devoted following of owners who have progressed through the Princess range as it has grown. The 40 metre project began at about the same time as the 32 metre, which was launched at the London show in 2011 to wide acclaim. But even so, there are significant differences between the two � not only in length and volume, but also in the systems, build methodology, layout and regulations that have to be met. It was an ambitious project. Key for Princess was that it had an existing Princess owner on board from the outset, and with Peter Levine (serial Princess owner) it found its man. Princess Motor Yacht Sales sold Imperial Princess to Levine, who had early input into the project, which took over two years. During this period, Princess were able to take his experience as a previous Princess owner and a client of Princess Motor Yacht Sales to integrate some of his ideas into the design of the yacht. Princess Motor Yacht Sales maintained a close relationship with their client from inception to ownership of Imperial Princess. �My primary concern,� Levine says, �was that I didn�t want a flybridge on steroids. Princess are extremely good at flybridge boats, but the step change from a fly, even with a raised pilothouse like the 32 metre, to a true trideck is a fundamental change in all areas. My primary concern was to make sure it looked modern yet wouldn�t age, and that it would have all the qualities and characteristics of a boat of this class.� It was an ambitious project. Key for Princess was that it had an existing Princess owner on board from the outset, and with Peter Levine (serial Princess owner) it found its man. Princess Motor Yacht Sales sold Imperial Princess to Levine, who had early input into the project, which took over two years. During this period, Princess were able to take his experience as a previous Princess owner and a client of Princess Motor Yacht Sales to integrate some of his ideas into the design of the yacht. Princess Motor Yacht Sales maintained a close relationship with their client from inception to ownership of Imperial Princess. �My primary concern,� Levine says, �was that I didn�t want a flybridge on steroids. Princess are extremely good at flybridge boats, but the step change from a fly, even with a raised pilothouse like the 32 metre, to a true trideck is a fundamental change in all areas. My primary concern was to make sure it looked modern yet wouldn�t age, and that it would have all the qualities and characteristics of a boat of this class.�If Imperial Princess is a measure of what Princess is

Hi Pdes, I'm sorry to confuse - note this next one update is a Hummer - maybe why PL buy's in new blocks support SP supress jealousy - followed your old Meridian Pet 2006 made me look back. Outcome maybe well known to the longer PI's - new to me so sorry for the following ( Imperial Princess 40m!! YACHT) - Firstly I'm not knocking the man - Secondly it helps business negotiations on a galactic scale Third I'm jealous - fourth Mrs gets sea sick, fifth works in the British Virgins islands. Sixth Luv it. . 7. Competition don't have it !! Quote 'But what do you do for the owner who, having reached the top of the range, wants to move onward and upward? As it is for so many other production boatbuilders, the answer for Princess Yachts was easy. You build him a bigger one and enlarge your range at the same time. So it was with Peter Levine, the 55-year-old chairman of a London-based oil exploration company whose main area of activity is in Siberia. His first Princess was a 66-foot model purchased in 2000. In the 12 years that followed, he has worked his way through five Princess yachts, each one bigger than the last. It was in 2009 while he owned a 95-foot Princess that he first saw the plans of what the builder was calling 40M, a 132-foot semicustom boat. Flush with money from their then-new owners, LVMH, the yachtbuilder had the investment it needed to enlarge the range and, with a customer ready to sign, they had everything they needed to turn planned construction into reality.Based in Plymouth, in the southwest corner of Great Britain, Princess Yachts began work on its superyacht range, building a new 105-foot boat at the same time as the 132. The smaller boat, the Princess 32M, was launched at the London Boat Show in 2011 and the bigger yacht�by then christened Imperial Princess after the owner�s oil company, Imperial Energy�was first publicly seen at the Cannes boat show in September 2012 and later that month at the Monaco Yacht Show. On deck, Princess gave equal attention to spaces loved by those who enjoy the outdoor life. The huge transom door opens to reveal the tender garage, which is decked with teak, creating a fun beach club at the stern, measuring some 170 square feet (easily big enough for deck chairs and loungers). Upstairs, the cockpit has its own bar, as does the upper deck, which also hosts a private salon and a spacious alfresco dining table. Capping it all, the sun deck boasts a bar, sunbeds, wonderful seating and a hot tub. At 10p I'm OK at 30p can get another one - It's Southern Hemisphere tactical edge - Corp Hospital did it with Bargoed Seniors �30 all in HNY - He's Branson without wings - I'm in - charm the pants of Stakeholders by PL. Factor 50 son don't take a risk. HNY FFS

Drilled Uncompleted Wells - DUCS the fear of the US Shale - future output backed up so to speak - but that's what PPC has done last 4 years - DP1002 is really the same - a DUC - JAC 1 - Lap1 - MDT before lower leg and maybe PPE so the hard cash is in the ground already expended - the upside ready to exploit in the fullness of time less cash - but this is conventional E &P - we are ahead of the Dev Cost Curve given the belief. GN HNY. Lets get the DUC's in a row and have a feast - not a blast!. The SP attributes Nil to this capex.. So the cash to unlock these are less and becomes attractive to funders or JV partners.

Argentina’s Central Bank Relaxes Foreign-Exchange Restrictions Argentina’s central bank moved one step closer to allowing the free flow of foreign currency when it removed a limit on how much of their savings individuals and companies can convert into dollars. Why ? Helps liquidity to attract buy ins/partners opens up ARG to Global investment brave new world and not in our SP valuation. - growing attraction to world Capital markets helps revalue our ARG assets from illiquidi depressed levels and on the target of US fund managers. IMHO over time. Compare 2016 ARG - 2012 4 yrs ago only 50% PG + dollar clamp can't lend into developing ARG assets - cash trap . Albeit Oil $ much higher not a bear market & PPC had less shares yet SP 39p ish - Then NO PARAGUAY . +4 yrs, later 2016 100% PG PLUS 2 other concessions +100% owned helping MDT gas potential reserves 2TCF - ARG money in & out relaxed - ARG now an investment destination, yes ARG Oil price down to $58 still above Mkt, Peso devaluation helps US$ Oil Income +50% GP 15 compared to 10 pesos improves profit margins but asset write off Balance sheet 2015 and we are 10p & PL buying into & loans like Rasputin before 1917 - his personal Risk Money thru roof not like Sound Energy today - PL learned from Imperial on cashing in. We are good to go Houston, the fundamentals are returning and what a great team to buy into . The wild card Jorge? Where is he? - up your sleeve! - we are in the semi's in Rio and not yet played a first team player Sweet pea. When we start with the big stuff look out ( and its not Man U rebuying a former failure for $100m what a joke- its all about the fees & commission) - My 50 day moving average will get me into trouble. GL

Thx for the posts - learned a lot esp - barchart website. Out of my depth on this - keen to learn though. DRichi - will read that a few times to sink in. Cheers & GL Will read on.