Member Info for BaysilHope

Down on the Corner Track Early in the evenin' just about supper time, Over by the courthouse they're starting to unwind. Four kids on the corner trying to bring you up. Willy picks a tune out and he blows it on the harp. Down on the corner, out in the street, Willy and the poorboys are playin'; Bring a nickel; tap your feet. Sorry GN

Merger ? Its difficult for all concerned on all levels but not a bad idea.. At the end of the day it's down to senior management personalities & Governments as much as business fundamentals when we are dealing with Frontier Developments I will shut up - mainly because no one is explaining this to new investors!!! FFS. Luv Baz

Worrying PL no interviews for +7 mths, after a Marathon Negotiating triumph where he emulated Wellington's Peninsular Campaign Scorched earth - In Paraguay & Argentina (Mar 15- Jan 16) & then Jorge RNS IFC after the blood shed - He Has NOT been concentrating on Workovers !!!!!!!!!!!! at a salary of +£750k pa and has sacked every bugger - he had to be busy or clearing the deck - simplifying negotiations!! - Last RNS with negotitaions Paraguay deferral Cap Exp RNS 3mths ago - Something is up as I said mid April. When the time is right - News will Out. GL 2015 A/cs Due this month. I'm off for 2 weeks Job seekers PG work-over with the Rugby & a few Pesos.

In a year what's basically moved - Oil hopefully floored $26/b Feb 16 - can't make a material Investment Plan with falling Oil. Amer nearly finished OBA and drilling Paraguay big +ve Opex down to $15 defensive with OPEC suicide pricing - So PPC Arg $57 medium term guaranteed price and better for Gas nice balance - starts to look attractive to funders. PPC Arg assets way undervalued now Macri liquidity can attract funds. Outlook Amer & PPC 1- Merger complicated Amer - Colomia PPC - Arg, 2. Acqn Amer £350m PPC £45m unlikely PL & IFC considerations. 3. Joint Venture Amer & PPC common interests in Paraguay - with Petropar strong contender IMO. Farm in/Out - cash out leaves less capital to develop a massive +6m acres - Govt considerations - Funding - Shareholders - IMO PL brings massive negotiating skills - I want him to negotiate with my funeral director I'd get a rebate & he#d get the freehold. Amer are doers and have great expertise in pipeline tech & prod'n - there is a marriage of some kind here - it needs capital then RBL - 6 months off a combined entity could have exit prod'n in 2016 of +11k per day with strong margins. PL is the Man from Uncle govt expertise Amer are awesome lost cost developers - The Mkt should value us both +vely. GL GN IMO Last - most important point - Paraguay! What do they Need !! Petropar strengthened, jobs infrastructure and self sufficiency with Oil & export gas - what's best a tripartite JV IMO dictated to by the IFC which should be the major funder - which Amer need also > Britain & Paraguay.

See The 200 page post 23/5/15 - to save on the printer look back. Before the read ' New Point Since then - What does PL, CEO AMER, Michinko Bank (common shareholder +9%) & British Virgin Isles, New placings Increasing Shareholding, reduced Directors , Reduced Directors !!! have in common - Paraguay& a few Mill!. Quote my well publicised paper - 'Paraguay blocks 5,7,19 are PPC+34ksqkm and are contiguous with Amerisur blocks 14,15,16 + +62k sqkm East of PPC and central block 12 Petropar 8k sqkm central (7 Blocks). Combined make for One Pirity super block amalgam +100k sqkm. Amerisur have mothballed their Western Block above - importantly as a company AMER lack substantial Oil reserves, holding back their potential value - so unlocking these reserves is a big gain. PPC & AMER are all de-risked - IMHO just a wild guess but DYOR, and guess again - then out the Pirity basin super block in 3-4 years all drilled out and explored to a mega major +?? Bllns of reserves of Oil +100sqkm . HNY sounds so easy - then why not done before? PPC & AMER have moved on so far between 2012-2015 - they are now capable of this kind of deal making & it could be company making opportunities for both - if a JV approach was possible- at 23/5/15 ?? perhaps guess this is what Michinoko is thinking - fingers crossed. GL End Wow !! Now-04/05/16 what's changed If nothing, this is an option the markets should look +vely on ' Notice I included Petropar which needs a JV refining capacity & Block 12 contiguous - I'm wasted or as CCR is in the lyrics Proud Mary - Rollin on the River. I'll list the changes after Masterchef!. GN HNY

Leaving on a Jet Plane - sorry. Before they put the jacket it on me. One Thing. Amerisur - Courageously built a pipeline under two countries and a the wrong (joke) river no borrowing low Oil & now Drilling in Paraguay as we speak 40 day outcome. We have a $400k Hand job! sorry Work-over no difference feels great but in the morning little to show for it, and we have a global Finance Partner IFC ( A Continent Shaker) and Oil up Arg Bond etc - no retracement -Oil is $48/Barrel all the Macro Limiting factors are being eroded, where is the commercial Blitzkrieg! Where is the E & P spirit - Pete get a grip This is starting to feel like an annuity investment not a risk E & P rocket. 2015 Stats due & AGM lift my spirits sweet pea FFFFFFFf. GN. Thanks DRichi Aparky for the analysis. Way ahead of me I thought a 50 moving average was a bowel complaint. HNY F/um.

Girls - to be sung in Proud Mary CCR & Fz Brexit I am having a Senior Moment - Away!! Left a good job in the city Workin' for the man ev'ry night and day And I never lost one minute of sleepin' Worryin' 'bout the way things might have been Big wheel keep on turnin' Proud Mary keep on burnin' Rollin', rollin', rollin' on the river Cleaned a lot of plates in Memphis Pumped a lot of pane down in New Orleans But I never saw the good side of the city 'Til I hitched a ride on a river boat queen Big wheel keep on turnin' Proud Mary keep on burnin' Rollin', rollin', rollin' on the river Rollin', rollin', rollin' on the river If you come down to the river Bet you gonna find some people who live You don't have to worry 'cause you have [if you got] no money People on the river are happy to give GN M fault

I'm trying to model the Sp using Max Planck, but we are in the AIM Market Quote' The central assumption behind his new derivation, presented to the DPG on 14 December 1900, was the supposition, now known as the Planck postulate, that electromagnetic energy could be emitted only in quantized form, in other words, the energy could only be a multiple of an elementary unit , where is Planck's constant, also known as Planck's action quantum (introduced already in 1899), and is the frequency of the radiation. Note that the elementary units of energy discussed here are represented by and not simply by . Physicists now call these quanta photons, and a photon of frequency will have its own specific and unique energy. The total energy at that frequency is then equal to multiplied by the number of photons at that frequency. Now when I see Oil & the World Bank going +ve $41 Mammy and our SP AHH Why - Its as good as its gets. End MM's What a load of XXX1 GN. GL

The -ve 53% SP is on the net and a joke (only worrying when I think of my kids) , my deep concern was you were talking in code, in Spanish about the next drilling campaign in Arg and had insider IEA/Saudi/Russian info - and I did NOT want you going to jail or Jorge doing a Bourne Identity thingame in due process. Now I know you a football thug I can sleep. There is a time and purpose under AIM - and one day Bungel!!

Has anyone seen the Monkey report on this website - my maths maybe slightly creative but not fundamentally wrong. Quote ' This website 25th Apr Canaccord Genuity Indicates Potential 53.09% Decrease In Shares Of President Energy On Monday Canaccord Genuity reiterated its broker consensus on shares of President Energy (LON:PPC) giving the company a ‘Speculative Buy’ rating. Canaccord Genuity gave shares of President Energy a price target of 12 indicating a potential decrease of 53.09% from President Energy’s current price of 7.84. I understand a little quantum dynamics - Heizenberg uncertainty principle, Pauli exclusion principle for dummies, negative matter, dark energy but I ain't seen anything til 7.83 to 12 is a 53% decrease. I'm getting my lawyer Misrepresentation Act 1967 S7 and the Ways and Means Act 1954. What a Fxxxxxx Liberty. Monkeys on a keyboard costing PPC - I'm calling PL. What the Peel Hunt is going on. GN!!

I'll get this translated next - and blown away by your comments - positively & sports prowess for Maradona. You rightly point out more work-overs in progress will deliver output increases no doubt. I think all our frustrations revolve around - we haven't had new well drilling since Oct 14 Lapacho - all efforts have been on tenure & % concessions plays/terms. A new drilling prog IMO will be a game changer,spark PI interest and more dynamics for the SP and trading outlook. Although ARg is back in the bond market with tangible liquidity gains, our Arg assets still at heavy discount with no reference to 'In Country' Game Changing opportunities. Surely sentiment must relax at some stage.GL Bottom line PL has been very shrewd with the drill, first proving prospects, then pulling away from commercial dev to choke off weaker partners - PG & Pirity classic similarities. Reminds me of Cecil Rhodes in South Africa 19th Century. So production income (IMO correctly) was sacrificed for massive territory gains & potential reserve gains i.e PV's 36% of Pirity +300MMB Unrisked - so the market is sceptical about production promises after many let downs we need successful drilling - get up to +3k bopd as fast as and supportive cash flow and get re-rated. Ahora por favor necesitamos la mano de Dios Jorge. Ahora. Baz

RNS May 12 ARG ‘Results of DP-1001. Firstly, it has demonstrated 380 bopd can be exceeded. Test results from one of three intervals without stimulation is clearly satisfying with further improvements –drilling/completion techniques/fraccing, considerably more can be realised from both existing/new wells’. End. Employ modern directional drilling techniques now with 4 yrs Eng advs and much cheaper costs - PPC with funding can now: A) Hit targets that cannot be reached by vertical drilling. B) Drain a broad area from a single drilling pad. C) Increase the length of the "pay zone" within the target rock unit. D) Improve the productivity of wells in a fractured reservoir. PPC should IMO guess - be targeting say +500bopd per well – 1 well could double our Arg Prod’n in 3mths i.e Re-enter DP1002. See RNS 28 May 12 -The oil column was penetrated too close to the oil water contact. DP 1002 has been temporarily suspended and shut in pending a sidetrack. Bottom line 2012- PPC had 50% PG, a 7 yr term (can’t recoup Capex) + $ clamp made Com Dev impossible, so to Paraguay & Nuke Arg partner, revisit when conditions materially improved. Apr 2016 PPC has 100% of 3 concessions PG terms out to 2050, currency restrictions $2m/mth out $4m June and so on, proven targets prior drilled & ready, country economic climate rebounding. IMO Must re-rate H3 2016. Mega CF +ve in 6-8mths at $57Oil & Gas $7.5. DRichi 12p lacks fundamentals, kid with Excel and never spudded in a lifetime. Funding will unlock this share very quickly. $30m RBLS can do it PL $10m IFC $20m 5 yr . GL Come on Jorge baby - we need a hand of God moment!

Just jumped up at me, with a well funded well managed 2 country drill prog we could have more reserves than Man City Mid 2017. PPC Mkt cap 1/3 of Messi at £43m Amerisur a very respectable £313m and PMO trading thru its woes successfully £280m. Our SP 8.5p when Oil just sub $40 in turbulence and I know Arg fixed but Oil sentiment not in our SP . Our SP - We are range bound by production and cashflow constraints limited by 500bpd and the fear of a placing to fund development as we are cash flow neutral. IMO Strong PL & IFC funding Project commitment get prod'n +3kbpd 6 wells (and the PR trimmings) to Start move to Paraguay etc etc !! and we then break free. Turn our contingent reserves slowly and surely into proven and its like trading in a Sinclair C5 for a Masserati in 18mths. Just topped up £275 all in sweet pea - Fxxx going to bingo - Smoking!

Thanks DRichi & all for very interesting posts on Oil & FTSE am learning a lot. last point Willy & The Poor Boys CCR song 'Fortunate Son' bit of Donald Trump in there in the lyrics. Please keep your insights flowing greatly appreciated. Enjoy the read as this is unchartered territory OPEC & all - hard to forecast - challenging times need to get all the insights we can. Thx. GL GN

Credence Clearwater Revival as of Bad moon Rising - Says where we are at with Oil. Quote ' Someone told me long ago There's a calm before the storm, I know; It's been comin' for some time. When it's over, so they say, It'll rain a sunny day, I know; Shinin' down like water. I want to know, Have you ever seen the rain? Comin' down on a sunny day? End - Great news earlier but its now about US Oil inventories Tmz & Kuwait Oil Strike - length on outages for short term stability longer term no problem. GL

It breaks your heart in two, To know OPEC’s untrue But oh what will you do? Then Iran said to you There's someone new We're through We're through It's over - OPEC - It's over All the Russians in the sky - Start to even say goodbye You won't be seeing $40 Oil any more Doha Silence before Oil falls, Echo to you that's all that's all But you'll see lonely sunset after all. Its Over OPEC’s Over …June 16. Cabin Fever Sorry **** Day.

Early indications suggest Argentina’s plan to sell up to $15bn of government bonds has been oversubscribed, with 10-year bonds in particular demand. Initial pricing puts the yield on new 10-year debt at 8 per cent, with shorter dated three and five-year bonds yielding 6.75 per cent and 7.5 per cent respectively. Its 30-year bond is slated to yield 8.85 per cent. In 2014, the country defaulted for a second time as a result of the legal battle, which prevented Argentina from paying creditors unless it also paid holdouts. Argentina has one of the best economic policy teams in emerging markets and they have the potential to transform the economy,” said Anthony Simond, investment analyst at Aberdeen Asset Management. “They are still unproven so at the moment the country has to pay up to borrow, but we are positive.”

SA - one option keep pumping - world rig count check is collapsing - one Option to save face blame Iran, - IMO keep quiet 6 weeks to June meeting - US shale output falls -120kbp - Russia gets involved to smooth it - but that's it Saudi Arabia are really a One Trick Pony ^ played by hedge funds mercilessly . HNY. Biggest transfer of Wealth since a millennium from Oil exporters to Country Importers, Not very clever really Sweet Pea.

SA _ Advice - If you are an economic single cell organism Amoeba - make the most of Master Chef - I am Oil make a fuss of me cause I do very little, but as the world around you innovates what we are left with is a sticky desert or dessert and are increasingly left behind. Echoes of the British Empire here. OPEC are at a crossroads - They really could be economically irrelevant soon as a group player with such a bitter divided audience - especially with modern Oil extraction technology - they lost the bet really - they need $90 for a inefficient economy - shale producers less even with debt, although hurting - going forward will need more sophistication by all, as BOB Dylan said the 'Times they are a changing' and he was first will later be last - sooner than we think.. GL.

Firstly - Doha diddy diddy dum diddy do - novice - guessed the Theatre Saudi & Iran squabble looks great - squaring off -keep it simple Russia balances the agreement IMHO pure guess - so Russia SA & Iran look great for hold out and appeasement. Oil fundamentals are more key drivers. Is PL & IFC waiting for a Green light on Arg return to The Int financial world before a commitment & the Doha results. We know drilling costs are the cheapest now for a long time so God willing % $$ we can get beyond our financial restraints & range bound trading prospects & SP. GL. I'm watching Bloomberg 3am tonight got £50 on the Kuwait Oil Strike taking 2m off the system HNY>