Member Info for BaysilHope

Press article - 'Seated from the left: Dr. Federico Franco (President, Republic of Paraguay) Richard Gonzalez (Country Manager, President Energy Paraguay) Peter Levine (chairman, President Energy PLC)' I did not realise Gonzo was country manager - I understood the Crescent link . Wow, how working relationships change. GN GL PL must be in any conspiracy theory book - reading various political Government changes.

PL would not advance $20-30m unsecured on NEW Production (first time raw cash for output & not exploration) - unless all the figures/Profits are in place and sending a clear message to the market and the patient majority PI's of faith & patience -- he waited last minute to publish 2015 and covered it with an ARG update to soften the blow.... The work-overs were the start of real business building in Argentina - & an In Country team, Jorge must have a much bigger role as a recruitment conduit , adviser, banker & experienced local expertise and Bob is a young energetic team builder. Savings in the BOD & London allows+$1.5m for an Arg team necessary to take on GAS, the mother load MDT. We've cut our teeth on work-overs, Phase II embrace and invest in modern techniques 3 Drill new wells, crank up production and then when the team has confidence Phase III with RBL - go GAS $7 margin huge - prove reserves and away to go. Paraguay PL has dumped Demattie on Gonzo which could blow him with contingencies & struggling Petro Victory, he's now split H block 18.5ksqkm into 2, H block now 8ksqkm 80% oppo & Don Q?? are we 100% 10.4ksqkm is this another mega deal kept low key. 2015 accounts and figures are terrible but not all physical improvements can be immediately expressed in those financial terms. The tenure deals IMO out- strip the considerable short term decrease in Net Assets, as long as PPC pursue material increase in production cashflows. The Balance Sheet at $161m net assets are say +£100m and are no longer blighted by currency controls in ARG. Bottom line 'Ben Graham the Intelligent investor' loved deep discount SPs and way below Nat Asset valuations. Well here we are Mkt Cap £38m, and only debt is the major shareholder for FS-W-Up. I've topped up HNY FU-um. GL.GN

Research ' With discoveries thinning out, oil producers face an age-old problem: new, profitable wells are in decline just as the financial resources needed for increased production are on the rise. A potential solution for producers, which bypasses the uncertainty of making new discoveries, is to boost production from existing wells. Average recovery rates in conventional wells worldwide hover around 34%, meaning that two-thirds of all discovered oil remains untapped. To that end, producers are turning to hydraulic fracturing and horizontal drilling to increase output from low-productivity conventional wells—and seeing substantial increases in recovery rates. The Canadian Cardium play in the Alberta Deep Basin, for example, has been in production since the 1950s— but with steadily diminishing returns through the first decade of the 2000s. Since 2009, horizontal drilling has increased production from 33,000 barrels per day to almost 114,000. GN GL Keep the faith.

My Gran said Unsecured loans are quasi capital, they leave space for a secured lender to enter when conditions permit and debenture the assets. The 6 drill is limited to 3 with PL backing and no drilling in the deep gas MDT. So Phase 1 PL going to max output and leave the higher risk (next 3 drills) to an external funder IMO. It's all about our exit rate production Dec 16, guess 1500-1600bpd. we make money at that rate and the SP up.. GL

I tried to put a brave face on but as I read thru the grim 2015 figures (teeth Clenched) the only thing that's not provided for is the Zika virus. In a classic trading turnaround get to point zero, blitz everything (Write it off, provide & make provisions) and then - one day - the only way is up, if the fundamentals are in place. I understand why PL's left Paraguay alone short term, Gonzo ie.e Crescent Global Demattai would shoot him, needs time to simmer down. Deep breath.

Sorry to go on, we were 7p before the San Pedro drill event and the SP prospect & so on, maybe after or lower if DRY - don't panic - I hope PPC & AMER work together in whatever form and tackle a vast and maybe last ONLAND LOW COST HYROCARBONFREE POSSIBLE PRODUCING COUNTRY IN SENSIBLE AREAS. GN GL HNY.

Love AMER - have a small position but I'm racking my brains why a so out of position wildcat deep drill San Pedro Concession isolated - high risk with low POO. In my mind 4 things leap, 1. High Valve target - but no production Capture means but proof of concept tick keep all concessions alive . 2. PPC have extensive Pirity data - No Addition - AMER close to Pirity (But Not planned drilled there) a drill here could alone tram ride the results for a super Pirity block??? Why not?? . Or Failure save costs by shutting the San Ped concession/Paraguay brings Amer to PPC. 3. Elimination of Concessions Amer Downsize - Assess possible PPC /AMER JV approach to Paraguay whether San Pedro is a good or not Dev as part of Amer 4.8m presence so it does put Paraguay really on the AMER map as they have left it to PPC 2014-15 - this is frontier E & P high rsik. 4. New JV Strategy on Evidence Based Testimony - Most likely is possible shared Increase in the Geological Database post drilling PPC & AMER GUESS - we shared data and get a better Paraguay Country wid geological map for forward planning over 2-3 years Market leaders - mind you in Data capture . Bottom line if San Pedro is Nil the data capture is priceless - not wasted time . If positive here we go & PPC I think pre drill PPC nothing to lose. HNY Thanks Be. Deadwood Stage is coming on over the hill. Only IMO. $9m wildcard is a low risk play lights up the by 20 times larger regional or NOT E&P plays in the area with more certainty. It is a very Volatile period next 2-3 months. The Jury's out 4 weeks and Bingo plus a Country Oil prospects on hold - we forget this is not 7p a share but the life blood to an economy - yes as investors we could make returns but AMER & PPC are changing the balance for the better and I'm happy to be part of that even though I'm in a loss & bloody frustrated. GL

DRichi Spot on. Great post. Will read again. GN. Fingers crossed. I'm glad you like the brew!

Last Point just checked POO $49 - Goldman Sac's going bullish & long - as a consequence there's an outage & Massive Draw Down on Abbot Real Ale (Cold in the fridge 5% ABV Light crude - earlier this week) - Brent's up so is the fridge - waiting for the 2015 Accounts for PPC and a working permit to Paraguay. GL & AParky the scratch is slowly fading on News soon. GL

Firstly never be ashamed of over exuberance - we need it PMO has risen 100% with $2bn debt and we've gone back with Oil up +20% and the increase oppo of a farm Out. Please keep aspiring & checking our flagging brow. Nothing wrong with a bit of Rose in the afternoon, me its Real Ale when she's gone to bed. HNY is Happy New Year to mean - it never will occur - Sarcasm the silent football dismay type jolt - always a let down and my gran was always saying - be prepared because if you can't shoot the Basxxxxs they will have you, local family thing. One day hopefully - enjoyed the company - at 7p I'll tell the dog we are Not alone. GL

As my Gran said its not the spears that will kill you - its the lack of ammunition. GL HNY We'll fight this all the way. GN

Sorry for the rant, yes I agree news soon its been so long for a re-rate, we've held out not too long to go. GL thx for your post - tough times.

I've rang Judith Chalmers - scrap Costa Rica Cruise. Why the PPC faith? Quote Edison as in th elight bulb 19th C - 'I have not failed. I've just found 10,000 ways that won't work. Know the feeling WOW I only made 10. Quote Many of life's failures are people who did not realize how close they were to success when they gave up. & Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time. Just because something doesn't do what you planned it to do doesn't mean it's useless. Except my ex wife last 2 point *****! . Why the pain? - Dickens “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.” 7p a Fxxxing Share Come on PL we need a Tsunami. By the way Brent is north of $49 our SP was +8p 11/3 @ $ 41 so we are relative at 5.5p SP ignoring Arg Bonds grade B, Goldman Sachs talking upbeat on Oil rebalance & UK & Arg new working relationship. 16 ton what do you get another day over and deeper in debt - Peter Levine don't you call me cause I' can't go I owe my portfolio to the company share. GN Hang tight - remember Jesus was only in the desert for 40 days and was a better man for it. I'm struggling after 32.

DRichi you slipped up last post 'Strong Buy' get a grip and quote - 'FRANK TURNER And I still believe (I still believe) that everyone, Can find a song for every time they've lost and every time they've won'. As they say in construction the 'Slab' is in - now be build above ground. As Brasso3 says news soon, we are lucky no $2bn debt - & another $ 1bn offshore Capex - but we have direct access to major players with funds makes us an interesting proposal. I feel sick when I see 7p SP - I'm training the British Triathlon team on patience techniques.GN. I'm using a new SP resistance formular - it special forces stuff - the more you top up the less you get. GL.

As CJG said - something is afoot IMS( Stupid) FM - PL's Latin Amercian reach is formidable and pockets deep for investment support - so Quote the Santorini effect 'The Minoan eruption of Thera, also referred to as the Thera eruption or Santorini eruption, was a major catastrophic volcanic eruption with a Volcanic Explosivity Index (VEI) of 6 or 7 and a dense-rock equivalent (DRE) of 60 km3 (14 cu mi), , the eruption was one of the largest volcanic events on Earth in recorded history. - I'd settle for a VEI index of 6 and then +7p on the SP and no global warming. HNY Quids in and we're all OK. GN Medication Time.

Totally Agree - thanks from the BB for your efforts to contact PL. I can't on medical grounds. Cheers - input gratefully appreciated. I also cover AMER - mainly for the Paraguay upside - they lack reserves - we lack production - Song I've got 20 acres you've got 43 I've got brand new.... GN I really need a RNS now and sleep. I can't wait to read a fully integrated business plan for PPC - there's very few left to write it. Come on Bob & Jorge.

What a man, knows his John Fogerty days very impressed thx. I'm now researching Argentine Planning law (pipeline conditions Health & Safety in a high inflation environment but improving) - Amer is WIP in a frontier play Davy Crockett & Jim Bowie times ahead , glad you guys contacted PL - he's been so quiet I though he was in N Korea - head hunting. Just checked longest break with no news PPC 47days - we've 3 weeks according to my calculator. Our SP is range bound by a cash flow (Upside retractor) lead coffin limiting our perceived options - no liquidity in the share, we could be in for a Santorini moment. The back-ground commercial pressure is building on the SP and so is my blood pressure - Oil is way ahead of our 7p FFS , Don't Cry for me Ali al-Naimi is gone, we can feel our SP is locked but matters are slowly moving against the deadlock. PL needs to uncouple the business and let it lose - can't hit Paraguay with Farm outs too many legacy issues to resolve. Arg Funding & Output. It is the one with the weakest bowel fails. Hold tight - we could be in for a Caldera moment!. Good Luck - one day!!!

Last post - Look at tech Analysis Graphs Moving Av . GN

Underrated US genius - Parallel with us - Have faith point being our PPC time will come - - Supportive quotes , Feynman - The first principle is that you must not fool yourself and you are the easiest person to fool. For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled. Physics is like sex: sure, it may give some practical results, but that's not why we do it. ' End We need to fight now - no Chewbacka big screen - real on the money go forward. GN GL

2015 Acs due soon - SP volatility weird looks IMHO someone mopping up any weakness to order - AT's triggered . Mouth shut. GL PL faithful. By June should have some news, especially if Amerisur hit pay-dirt in Paraguay mid June, something to review hopefully. GN