Member Info for BaysilHope

RNS Language - 12th Apr states up & coming drill prog - and downgrades workovers to production overviews not future RNS which implies future increased capacity. Agreed 500 bpd is a cashflow/trading & SP limiting factor no critical mass - we are constantly confined and can't build with natural depletion set backs - need to break this physical/ commercial barrier - it also delays the eventual move to Paraguay. So Funding to release new drilling needs to be sooner not later especially max the weather window May - Aug . Last point why negotiate with suppliers if you DO NOT have funding organised. IMRO R=Ridiculous I think next 3 weeks. GL HNY Must sing MDT in the tune of 'here we go' MDT MDT MDTeee in the key of G.

Yes totally agreed just got ahead of my self. Rig count down - Doha dominates so we wait. Still think by the end of April some news. Maybe my Clutch is gone or we have drill funding. GN Loved Florida mind you - lucky person enjoy. GL GN

I've watched your posts well done to flush it out - PL Ain't thrilled at Amerisur stealing the Paraguay lime light - short term - long term great. That's why I think the last RNS was rushed note same date as Amerisur Spud - he's spooked/pride - IMO to flush more news out and accelerate investment. 2 things ' Note work-overs News/ Updates - in future downgraded to Production reports (Bigger things to come) - PL understating - Maybe funding for Arg & Paraguay ??? - you have to watch this person - a wounded tiger is very dangerous & now a serial under - stater. GL

Quote - Investors are betting on a surge in investment into South America’s second-largest economy after the U.S. appeals court upheld a ruling allowing the nation to repay its overseas creditors, "The decision clears the future for Argentina and its long-term panorama," said Christian Reos, the head of research at Buenos Aires brokerage Allaria Ledesma. "This is a milestone that will allow the normalization of dollar flows into the country. We’re already seeing the positive effects on Argentine stocks today." Must be +ve means we can get Funding in and then profit out. GL - -and Must be a game changer in any future potential Farmin negotiations - YPF. GL

When PL said Arg more stable - was under cooking it. Quote 'Argentina cleared by US court to make debt payments A US appeals court has cleared the path for Argentina to begin making payments on $9bn (£6.33bn) in bonds. The decision paves the way for the country to re-enter bond markets after more than a decade. A panel of judges rejected claims made from holdout creditors who had not accepted any of the offers made by Argentina to pay its debt. The country will now be allowed to proceed to pay those claims that have been settled. On Thursday it is due to pay off four of its biggest creditors. However, first payments are only expected next week, when Argentina plans to start raising $12.5bn in new bonds to be issued internationally. End This is a Milestone not a Gaul stone PL. GL Great news. Re-joining the Int Monetary Mkt massively improves liquidity over time and starts over coming the Historically negative sentiment overhang over Arg - which is well understandable. If you repaid - clear the slate. Another tick.

US Prod below the Niner Quote - U.S. Oil Production Nears a Key Psychological Level U.S. production was last below 9 million barrels a day in October 2014, when oil cost more than $80 a barrel, according to the EIA’s weekly estimates.' - It's not falling off a cliff but - As my Mam said Son 'Depletion Rates always get their man and no regenerative capital reinvestment kill you in the end. Trade Union girl. PL has IFC backing - John the Baptist didn't have that - so at some stage the right people will sit up and take note - not like that Proactive investors - PPC Arg not convinced padobabas - couple of kids on Excel again when Arg new bond release in 20 years $15bn - I must go now need to recalibrate. There are doers & the Charlie Uniforms - glad we have the former because the November Tangos aren't worth it. GL.

FYI Quote - The heads of the world's largest oil trading houses sought to draw a line under nearly two years of falling prices on Tuesday as Brent crude rose to its highest level so far in 2016. Vitol, Trafigura, Mercuria, Gunvor, Glencore and Castleton, which sell enough oil to meet almost a fifth of global demand — were all but unanimous in telling a Financial Times conference in Lausanne that oil prices were unlikely to revisit the sub-$30 lows they hit in early January. Brent crude oil, the international benchmark, climbed by nearly 4 per cent to hit a four-month high of almost $45 a barrel on Tuesday amid mounting expectation of a deal to freeze production at this weekend’s Opec summit in Doha. Igor Sechin, the head of the Kremlin-backed oil company Rosneft, echoed the traders’ view, and argued that a price of at least $50 a barrel was needed to avert future supply shortages. Thank you Lord. GL

I thought concomitant was after being serious in a relationship & just before you got married. The MMs never picked up on PL free cash flow point - Oil is doing well but with the US Bull/Bear parade ?? - they keep throwing curved balls - Doha up down? !! As my grandfather said - Drink lots of water and walk slow son. Done deal. GL

Last week US Oil Field Prod'n see Y charts was 9.022m falling at say 20k per week, rigs falling 2% per week should see this news headline tmz - the US emotional Pre Doha output falls under 9mbarrels - the US doing their stuff for the Global Market. Surely the US Shale output cumulative decline curves should observe and conform to some kind of economic gravity at anytime soon? GL All depends on the US Stock pile reserves - the only true measure as Demand & Prod'n data timing lags!!! Buttocks crossed. We are in for a ride.

Thanks for forgiveness AParky appreciated and I agree with your comments - good value work-over investment. I'm a junior investor with limited funds ( I have a long term holding and building it up when I can) but today I tried a CFD go long on PPC (small £££ on gut instinct and they'd stopped covering it - liquidity?) Was OK in Feb/Mar don't understand our Mkt cap up from £26m to mid 40's million since then. Wrong broker prob. I know the shares are tightly held relatively - gutted but did buy small. Wait for next pay and top up again. I feel like Mel Gibson in the film 'Signs' - something's up +ve I hope obviously. GL Need to walk this off. This is not a ramp - don't know enough about these issues. Need to check if Amerisur has spudded its first well in Paraguay - due date today I think, lots going on here great time to be in after surviving all those torrid bear trap times and many false dawns. GL

Wouldn't it be very welcomed DRichi - an Investor Presentation of the 6 well prog & production potential in April (Throw in a bit of MDTdeep leg drill inclusion - prove gas field) and a SP thru 10p - I could then start learning the lyrics to Jazz 'The only way is up' I sound like ramper., sorry. GL

March 29 update stated work-over news end of April, why rush this out so quickly, although it is great news- very +ve for us? IMO guess something more important is due to break - I just sense that after each RNS the drilling appetite increases, first caution, then evaluation - now side track drilling 1st time in P G - maybe a funding deal has been brokered and securing 6 wells will be a game changer for Arg output & PPC inject massive forward momentum. My guess but the RNS seems (guess) rushed to make way for something bigger. Maybe I need to get out more. GL.

Sorry Apt with North Sea Oil & Welsh Steel failing - Bon Jovi Song says it to me. Shortened Dry County'You can't help but prosper Where the streets are paved with gold They say the oil wells ran deeper here than anybody's known I packed up on my wife and kid And left them back at home - Now there's nothing in this paydirt The ghosts are all I know Now the oil's gone The money's gone And the jobs are gone Still we're hangin' on Down in dry county They're swimming in the sand Praying for some holy water To wash the sins from off our hand Here in dry county The promise has run dry Where nobody cries And no one's getting out of here alive Bril words Luv JBJ Gn Men spend their whole lives Waiting praying for their big reward But it seems sometimes The payoff leaves you feeling Like a dirty ***** If I could choose the way I'll die Make it by the gun or knife 'Cause the other way there's too much pain Night after night after night Down in dry county

Just looking back -first step into Arg Jun 11+ 50% PPC - have had 5 yrs & drilled - to cover every operational inch of these assets. In Dec 14 when no one wanted to be in Arg - finalised the remaining 50% with $5.8m and cancelling a retrospective contingency deal of $12m for $800k. These Proprietary land deals are executed at such deep discount - revise now with massively improved Arg country liquidity our Arg assets surely must be re-valued by the market post Default repair 31st Mar - IMO our Arg asset values can only go one way. PL has performed a Warren style purchase - and the faithfully patient should soon see the fruits of that labour and very brave acute strategic business dealings. GL Book value $300m that is now +20p a share excluding Paraguay IMO GL

Great News Quote' Argentine Congress Approves Deal to End Debt Standoff in US' After 13 hours of debate, Argentina's Senate voted early Thursday to overwhelmingly approve a deal with creditors in the U.S., putting an end to a years-long dispute that made the South American nation a hard place to do business and kept it from accessing desperately needed financing. The deal, reached in late February, had to be approved by Congress. The House of Deputies passed it earlier this month. The Senate began debating Wednesday morning and around 1 a.m. Thursday passed the measure 54-16. Passage puts an end to a bitter chapter that made Argentina a financial pariah and was often a point of sharp political clashes. It's also a boost for President Mauricio Macri, who campaigned on promises to restart the continent's second largest economy, in large part by solving a dispute so thorny it led to changes in how debt contracts are restructured worldwide. ' Must be great news for IFC & PPC opening access to International Funds. GL

Forgive the puns - Jorge BJ mission take us from 'Livin on a prayer' , make sure Arg & Paraguay are NOT Dry Counties, steer us through the 'Crossroad' and Someday all PPC PI's will be 'Saturday Night' GL - IMO what better guy to assist in a Farm ins' that abound (MDT we must drill it for gas) and network in Latin America. My wallet's gone form Defcon 2 to 3 and rising. GN HNY

RNS - seems a sound move to me- increase Arg Oil personnel expertise in country and an ex IFC employee & consultant - IMO guess an indirect conduit that could help support maybe an IFC RBL loan and get Arg production cranked up with 6 new wells H2. The old NED role - Jorge Ex Washington based - luv it. GL As PL says News will out soon..

From little seeds......Quote EU boosting Argentine sunseed imports 10-fold on currency play. The European Union is buying more sunflower seeds from Argentina, the world’s fourth-largest producer, as a cut in export taxes and a weaker peso make imports cheaper. Shipments into the EU may be up to 10 times bigger in the 2015-16 season ending in July compared to a year earlier, said Veysel Kaya… Fitch Upgrades Numerous Argentine Corporate Ratings - the recent upgrade of Argentina's Country Ceiling to 'B' from 'CCC': - Inc YPF S.A. A bright sunshiny Day.

I agree with your comments - a slow pace 'Hopefully Improving ' situation over time is only constrained by free cash, should nudge the SP gently until - as you say, when we go back into Paraguay drilling or get a real Farmin Deal with MDT - total guess but supplemented by a more proactive Arg & a rejuvenated YPF! & maybe a fillip from Obama visit in trade deals opening up- so forth and so on - undoubtedly the macro economic direction is now a 'Tailwind', not the headwind we endured for too long.. . Please forgive me but the Oil Price Betting mockery - I had to pen a ditti for Baker Hughes- 372 Rigs on my wagon and I'm still rolling along, the Saudiiiees are after me, record reserves burn my shares, but I'm singing a happy song. GL Have a Good Easter to all at PPC. I'm going to put in a few additional prayers, so I can top up!

Read a lot of AIM CEO /BB's accounts & RNS, for PPC we are lucky - PL focuses clearly on the macro strategic challenges and unusually wins the collisions which can (Mkt accepting) deliver SP growth. Some other AIM's squabble over trivia, lack focus or are just not in control. Despite a 15 mth SP kicking, I really appreciate this mans quality - the sign of a leader is to get things done, even more so in mega difficult circumstances. No doubt world bank IFC are holding their breath on the opportunities to be unveiled in the next 18 months and support it with a strong RBL> GL Come on Arg prod'n - need to have a fun bet I say by end of May 16 +600bpd from Arg before H2 new drilling. HNY