Member Info for BaysilHope

DP1001 We hit 300bpd but obviously in 2012 we only had 50% of PG= 150bpd - a vertical column is what 10-15% exposure to the Oil window compared to 500m side track. In that RNS May 12 they did state prod target 1300-1500bpd. Late last year PL did state an initial 6 well Prog before Oil collapse Feb 16 - if these 3 go well a further +3 would be a major leg up and less trouble as the ARG A team are already there and experienced at side track - increased Output Vol but G&A relatively fixed = Increased profit and cash flow before Capex. . GN

As you stated Brasso3 - PL under playing this - your RNS clearly stated 300bpd DP 1001 Vertical well + new well 2012 parked up- what can 500m side track achieve with a more powerful drill !! (it Frightens me - keep it under control) as DP1002 is a new well really - shut in 2012 at 1600m 9 5/8inch casing going for new targets we could be in for a nice surprise hopefully. Solid RNS as you guys state - good to see the US back in the frame - 22% should yield $4- 500k cash contribution @ say $45/b full year all helps . Fingers crossed - the worm is turning, we should start to gather momentum hopefully late Sept and build thereon- step by step - I've got that tattooed on my bank manager. . GL

Quote today ' In a race against global superpowers, Moon Express — a private venture founded by billionaire entrepreneur Naveen Jain, space technology guru Dr. Barney Pell and space futurist Dr. Bob Richards — has cleared a path for private U.S . companies looking to explore and commercialize space. The moon is a treasure chest that has vast amounts of iron ore, water, rare Earth minerals and precious metals, as well as carbon, nitrogen, hydrogen and helium-3, a gas that can be used in future fusion reactors to provide nuclear power without radioactive waste. Experts concur that the value of these resources are in the trillions of dollars. End Don't affect us Paraguay Arg but major countries solely dependent and export upon Oil giving it Away FFS - They don't have any innovation. GN Helium3 1kg could power New York for a year remnants of Solar wind on the Moon a by product of Nuclear fusion on the sun - ideal for recycling on earth Technology 30 years away - clean infinite energy - if used properly. GN

Quote “With infinite complacency men went to and fro over this globe about their little affairs, serene in their assurance of their empire over matter.” Until & Especially Earth short term needs Oil- its one of the few binding economic necessities that grows in a crisis. Yields may fall, BHS will crumble but until we conquer sub atomic particles & nuclear fusion - Oil will persist. A strong $ will depress Oil, The Saudi's are in a business plan few would fear to tread, mind bending suicide when US ingenuity lowering cost will mean one winner long term IMHO something must give next 12 mths as this over supply is a macho game of Russian roulette - we all lose through lack of Oil sobriety, as the consumer does not spend fuel saving - as the economic insecurity it delivers forces the opposite. After 2 years there still is no guidance for 21st economic global affairs - J R Arthur Rank IMO GN

Yes YP slowly but surely. With 86% water content in our Dos P new drilling outlook - it sinks in - the massive Tank installation and a delayed RNS can't be for 1k bpd FFS - It's Rio water is unsafe after seeing the rowing team today moving debris from the practice lake and taking max HSE precautions. Guess - I think Tom Daley will test our tank pre- production with the team in ARG - in a guaranteed Petro-Chem hygiene envro and acclimatise before completion as a post Brexit ambassador to Latin America. I knew I missed something.GN. GL Team GB really great luck truly - this post is only a joke - the delayed RNS or the lack of Paraguay prep are not.. FFS

Sorry, while its in my head. Gonzo has had P & D block cash and back costs AND taken litigation against the Paraguay govt 2008-9 & and again in 2016??!!! . PPC has fulfilled the Stage 1 on seismic and we are in good order with all concession obligations IMO Mr G needs to come to the table or lose the rights. Mr G with 90% of the concession remaining and $30m drilling liability will face tough cross examination as to his use of funds post farm out - we need a result but back stop previous thread the Govt in the public interest can sway the vote. Lots of coffee I think. - 3- 6 mths sorted.GN It is in the Paraguay country interest to get oil going and as a patriot Mr G should reflect on this and negotiate the right thing.

Footnote ' Quote In contrast to President, both Pirity Hidrocarburos and Crescent Global Oil Paraguay are private companies and are unable to access the public markets for capital. Liquidity and cash flow problems encountered by the Company’s farm-in partners and/or any non-compliance by the company’s partners may lead to a delay in the agreed work programmes which could have a material adverse effect on the Group’s business, financial condition, results of operations and prospects. Last point - quote 'Native rights of landowners' The Paraguayan Concession Interests are in relation to the Pirity Block and the Demattei Block are made up of large privately held ranches. The operation of the agreed work programmes for each Paraguayan Concession Interest requires the approval and cooperation of each landowner where the blocks are located. Each of the Company’s partners have maintained working relationships and dialogue with each landowner and the outcome of early discussions regarding the seismic and drilling programmes have been positive. It is normal practice to not have formal written agreements in place with landowners at the current stage of the work programmes, and obtaining approval is considered a straightforward process. There can be no guarantee, however, that the approval and co-operation of each landowner will be forthcoming, if required. NOTE - Should this occur, the Paraguayan government can be requested by the concession holder of the relevant Paraguayan Concession to expropriate private properties where the prospection, exploration and exploitation of the land is declared of benefit to the public - If Gonzo fails . If applicable. PL Corporate Lawyer. GN Much afoot. Last post.

Just Background info relevant to today - Title, rights and interests' Both of the Paraguayan Concessions have been the subject of litigation over recent years, although this litigation has now been settled in full. Following disputes which arose between the Vendors of the Paraguayan Concession Interests and the Paraguayan Ministry of Public Communications and Works, the Government of Paraguay issued Decrees in 2009 and 2010 declaring that the Pirity Concession and Demattei Concession had expired. Accordingly, the Vendors of the Paraguayan Concession Interests initiated legal proceedings to revoke the Decrees and re-instate the Paraguayan Concessions and thereby bring them back into full force and effect. Earlier this year, settlement agreements were entered into in relation to both of the Paraguayan Concessions, pursuant to which the parties agreed to settle all outstanding claims and thereby settle the litigation proceedings between them. In August 2012, Court Orders were issued by the Supreme Court of Paraguay, pursuant to which the settlement agreements became final and binding and all outstanding litigation was settled in full and is no longer subject to any right of appeal by the parties. - Key here is D block P is sorted. see link

Reworking calcs over 1kbpd (I think lower limit)$58/b GP 65% more really deval = NPBT $9m eps calc $01.7 @ $1.3 sterling forward 15 p/e gives 19p the ideal equity rating for share based theoretical transactions limiting dilution for us but value for money for the 3rd party. Sorry for the repeat but this option will be available in 2 drills and end on Oct 16 fits the timing ( I've assumed US same $2.5m free cash as a buffer) . Then - Our SP dynamics materially change for the positive - we re-rate. GL

Any deal should reflect $133m Net Assets - 1.3 = £100m or 19 per share undiluted - so at that level there is total upside for all the Blue Sky price in our future SP which in the Corp pres is 68p so there are big carrots to dangle and get a capital deal done, (every % concession saved is multi millions and helps a farmin or RBL) - especially when you are profitable and CF -ve after the ARG output campaign sound logic cashflow but frustrating for us PI fund managers but the wait I believe will be well rewarded and top up on weakness. GN. I think the majority of the wait is over since Aug 14. Please.

Last point - 2015 A/cs there were 76m warranty O/s 19p I Think. There is the option of using a discounted SP maybe to win over Gonzo/ Wiens & ANO with part cash - using its weakness as a strength in controlled solution eqty/cash /royalty mix- So their aspirations are met out of future SP growth and less cas$ Only an idea - not worked it out yet but SP needs to b in the 18p range aligned with earlier fund raising Warrant & Director Bonus share awards . GN GL. Plus ARG is now attracting serious external investor interest with few E & P local companies. YPF are there - they need gas (non fracking) and have raised bonds on capital markets. In the pipeline I guess- needs US based broker - or am I forcing the double entry - as they say -Accounting term - nothing else. We are waiting on a more MArco economic RNS next 3 mths I hope after the very important drilling is done and much needed +ve cashflow. which means we stay in the ring unaided on our own steam without eqty support for working capital and drive negotiations harder with others who c/fow -ve and limited resources or time window. GLGN

New ARG production funding round increased the convertible loan to $5m @ 9.19 share $/£ rate 1.30 = 38mshares there' your 30% although postponed to 2019 - so why? PL could have converted $4m 2017 - PL is maxing the low SP - In Paraguay Net Unrisked MMBoe Lapacho 1.1bn Juruami .3m and H block 0.12, ARG MDT & Other gas 1.4B yet we are drilling for production in the least attractive site. Why? Unfinished business. This is why I find this share intriguing, our SP is supressed by on going management territory & concession tactics, when these battles end, thgis will flip. Look at Sound Oil they concentrate on +1TCF gas Morocco and capitalise on it, we don't so there's unfinished business IMHO - note on Lapacho a 5% Gross royalty on say 400m @ $50 = $1bn -as I said before we are a slow burn, I think PL buys to support the SP and keep our faith, that's it he can convert and get 30% increased CLN, only when the concessions are properly secured will we fly. The poor SP and outlook help his negotiations in limiting upside potential with low Oil and his cheap buy ins. Time is running out on D block and it is stated H block next drill - why not your 2 largest prospects Sweet Pea. GL HNY I'm done. There are territorial issues yet to be resolved, but I think sooner than we think - wild guess New Broker appointment on a more global funding basis. Once we evolve from dispute to true E & P we will soar, the reserves are potentially massive but are carefully managed down. No doubt there are considerable plans afoot - will I be alive to witness them ? God only knows.

I thought I missed something - We need Wiens on board -H & P block - you can think of a one off concession payment for New MBO brokers to deliver - who knows something is moving - you can see playing ARG 1st investment protocol then negotiating Paraguay longer burn. Thx appreciated - need another pair of eyes. Patience for the next 6 mths GL All. Thx. GL NorthernMagic welcome to the jungle and a great patient BB. HNY. GL with your investments.

Apart from dilution, I think PL could be testing MM's and brokers for some moves down the line, the new advisers are very big based in the US seems IFC could be involved and Dr Wiens. in some shape with Gonzo attached. GN

Dr Fernando Wiens with Klassen did have A 5% Gross royalty clause on Pirity, despite our PV buyout - can anyone help check this from Gaffney Cline 2014 report - nothing in the RNS data - he is also our only partner in H Block 20% if we hit the 80% Farmin conditions - one drill . Point no news form Paraguay since 22nd Jan 16 - there must be a lot of negotiating + positioning happening - I think news will out soon, whilst our reliable ARG sites build on production. GL Bottom line - with PPC leaving the D concession with years 1&2 conditions were filled Siesmic - but the 15000metre exploration drilling condition was not - if a 2 yr extension an further 5k metres drilling . SO Gonzo is potentially sitting on a $30m contingent liability to keep his seat on the D block with no guarantee reinforced by Amerisur Paraguay drill results last month - timely ! , as I said before D Block has already been extended by 4 years in 2008. Plus No news on the new concessions applied for in country - think PL is stake building up for a Paraguay update over the next month. GL Which I hope is ground building. GN

From March - July 5 mths= nearly 5m shares or 1% of total issued and increased funding +$6m in a bear Oil Mkt - the Bearcast article in SP does not appreciate this commitment. RNS soon of drilling commencement. GL Nice one Pete. When production news hits Mid Sept expect gains. Hopefully.

Cheers Guys Thx - as you rightly said B3 so much to be decided. . GN GL Thx for your reply fingers crossed.

No one would have believed in the last years of the OPEC economy & Bear Oil world 2016 = PPC was being watched keenly and closely by intelligences greater than man's and yet as mortal as his own; that as men busied themselves about their various concerns they were scrutinised and studied, perhaps almost as narrowly as a man with a microscope might scrutinise the transient creatures that swarm and multiply in a drop of water.� Then Came BMO appointment. �With infinite complacency men went to and fro over this globe about their little affairs, serene in their assurance of their empire over matter.� Especially ARG Oil & in Paraguay on land Low Cost. Yet across the gulf of space, minds that are to our minds as ours are to those of the beasts that perish, intellects vast and cool and unsympathetic, regarded this earth with envious eyes, and slowly and surely drew their plans against us. Share Prophets Placing No Doubt !!! And early in the Brexit Campaign came the great disillusionment� A devaluation of sterling makes our US$ Net Assets more valuable especially income cash in US $ so why the -ve SP PL you must - expose the plan let rip Sweet pea. GN GL HNY

Has anyone seen Share prophets article today on PPC - suggesting a future placing because of New Broker appointment? I know Jorge in Arg this is his job BMO are more global than local Peel Hunt. Quick rise in SP - limited loan increase by PL who knows? I sense this time (If there is a raise it will be backed by a game changer Income project) and will be a joint with IFC on a large forward momentum project if true. I thought IMHO PL could wing it alone on a slow burn course - he has the Net Assets. News will out - when Peel Hunt were in 18th Sept 15 a placing was 7 weeks later in Nov 15. This time we are on the front foot - it could be great news - we are cash flow +ve and no bank debt so a placing is for real earnings growth - if true!!. GN GL Q Why appoint?? a US firm.?? Maybe the prophets have a point. My jury is on the fence - could it be an RBL?? Something is afoot.

How dull, thx for showing - must look at whole website not just words. RNS due next 2 wks info on 1st 2 drills should help - nice to see 10p if only for a while, we've turned and that mobile tank image does serve to underline serious investment is a foot and still waiting to hear from Jorge - who is no mean Arg In Country Asset. GL. Cheers.