Member Info for BaysilHope

Oil volatility - understand the need to trade & make profit - on one hand you have half the world (maybe coming together to cap production Russia/M East) US Dollar collapsing - half the reason - i.e strong dollar killing Oil lets drag it down to $26 - now reversed!!!! - then now + 1 Rig Oil down $2. As John Mac said You cannot be serious - This must be one Mother of a Rig!! Utter Cogones. Need to see May workover results. GL.I'm glad this SP doesn't fluctuate like other independent Oilers I'd be in care.

Simple Obs, please forgive my assumptions - Russia/OPEC took it to a bear Oil mkt Prod't Increase freeze not cut back - Oil up from $26-40 - plus $50 Oil Shale rears its head. 1ts Phase achieved destabilised bears. 2 Iran pipes up 4m per day - oil now also falling postpone OPEC meeting gives + 2mths of low Oil to squeeze US Shale hard and get real casualties in bankruptcies or inflict debt wounds slow to heal, allowing US output falls accelerate to start to rebalance. We are fortunate +$57Oil and a properly focused business plan - an increasingly business friendly Argentine Govt and majors are chasing to get in - after the currency Devaluation risk for investment assets now has gone and the currency clamp fading in real terms lookin good. Obama visit to Argentine next week could accelerate Mkt interest & a new CEO of YPF - could get bullish with access to funding and farm ins - all policed by US advisers no doubt - so low oil for a few months not a worry, IMO we have survived the Perfect storm and lived to tell the tale, especially Petro Victory risks with Oil collapsing , no recognition of Arg potential and a drill bit stuck in Paraguay. HNY. GL

Ambition - I have a position in AMER I love the Co, I never understood the choke throttle 11k max the fields will make this Co great - hard but I think it has eyes also elsewhere - a total guess. GN

Quote ' AMER It is also the largest holder of exploration acreage in Paraguay with 6.2 million hectares covering two 100% owned oil and gas permits in the Paraguayan part of the Chaco and Parana Basins ( and has done very little!!! acerage next to PPC) . The company, which employs 83, has a turnover of £131m. PPC understands & Govt politics - plus Paraguay seismic and all, synergy. Quote David Coverdale, ' Es Esto Amor?. Lo que Siento. Es Este El Amor, que he estado buscando, O Estoy Sonando. Sorry for any hiccup. GN And Michinko 9% AMER & PPC Quatermass ish.

Last point - having my brains kicked in for PPC falling Share Club - 18 months by mid Feb I did a CFD out of desperation a small amount 4.99p long - the family ignored me I was sent to Coventry at work for Low Oil prices,in the pub I was Britex- I was scared. Lets hope for growth. GN Quote Adam Smith ' What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience? As the song says One out of three ain't bad. GN

Fantasy football - Quick note to the BB - Amerisur great Co $40m cash in hand great plans - BUT does not go the Debt route other than an equity placing $35m did a wet wet wet retake - in a Polar Bear Market ?- whilst PPC is the opposite !! both with common interests in Paraguay. Is there something afoot?? Gives Amerisur huge Debt leverage potential for future muscle farmins - must be me with wild Leonard D'Caprio Reticent lurch- bismal assumptions. Please ignore GL GN. We've bottomed. Amen.

Hi Kums, No doubt you are mega experienced - GL if you want to share any of that huge wealth of experience with the BB - please do so for us lighter inexperienced travellers - especially me who thought a shorter was an outside half, with no caps . GL This SP I think will take time, admire your front purchase , my other half checks my posts so I'm on the fence. In +3-4ths hopefully we will have turned the 'Sentiment market ' & hopefully Oil moves +vely at a modest pace.. Baz

Lets we forget' 3rd March 2015 ' President Energy notes the announcement from Petro-Victory Energy Corp. ("Petro-Victory"), the Company’s 36 per cent net working interest partner in the Pirity Concession, relating to certain court action which has allegedly taken place (without any notice being given to President) in the Republic of Paraguay on 2 March 2015, in relation to that concession. Note Oil +$55 and we are NEARLY getting kicked out of Paraguay whilst Arg is currency locked baby but SP +12.5p (forgt recent dilution) . The whole PPC world heading south. Since then last 12 mths - PV sorted 100% - H Block sorted 3d seismic MDT Arg concessions sorted +25yrs - IMO ish PL help sort the Arg Dollar clamp removal and currency flows, his next job is Arg inflation with Ben FD gone give him 6 mths and then the simple NON MARCO issue increase Arg production - Surely must be the minor business PL Mirco Task after the game changing events. To boot chuck in +4m @5p buy where else is a CEO doing backflips in a low Oil Enviro. Arg drilling +June - me & the boys out there laying pipes in respect. GL HNY. At 7p what good value - Oil will find its level no doubt but for the PPC faithful - the very hard yards are over IMSFHO - we can live to tell the tail. GL. When we start hitting +1000 bopd & and then Paraguay & then farm in - look out PPC could drilling your neighbour!

Thanks Drichi - More on Arg quote "Under the Macri leadership one can see a path whereby the economic imbalances are tackled and it just becomes a much better investment destination," Culverhouse said, adding that part of Argentina's appeal lies in its underleveraged status. Implied yields on Argentina's restructured debt would fall from 8.25 percent now to between 7 and 7.5 percent, he forecast. That would drag down borrowing costs for provinces and corporations whose debt profiles were hit hard by the sovereign default. Economists expect increased issuance on both fronts from the second half of this year. One prime candidate for a new issuance would be YPF which has a debt portfolio of just $6.25 billion and has said $200 billion is needed over a decade to exploit Argentina's vast Vaca Muerta shale formation.' - A step closer to Farmin prospects? - we are now slowly falling on to the map and maybe our $300m proven Arg Reserves could get a re-rating if this macro economic climate keeps improving.. Great news PL 4m - it is becoming the equivalent of a share buy back scenario - less in circulation supporting the SP - keep it up Pete, your still lower than 28.89% in May 2012 but with 20 times more potential in 2016. GL the faithful.

Having watched the 1995 World Cup and how marvellous Nelson M was - I drew inspiration from the Invictus poem now meaning slightly angled for the PPC Oil Bull brothers. quote. Out of the night that covers me, Black as the Pit from pole to pole, I thank whatever gods may be For my unconquerable soul. In the fell clutch of circumstance I have not winced nor cried aloud. Under the bludgeonings of chance My head is bloody, but unbowed. Beyond this place of wrath and tears Looms but the Horror of the shade, And yet the menace of the years Finds, and shall find, me unafraid. It matters not how strait the gate, How charged with punishments the scroll. I am the master of my fate: I am the captain of my soul. Brilliant draw your strength - we've bottomed!!!. GL Baz

With Brazil economy ini China exposure t!! Arg with no recent debt overhang/nor China over exposure - plus old holdout defaults could be sorted - resource rich and more than $200bn capital sitting abroad too historically frightened to repatriate - could change if default deals are complete. Some how I think Levine with his advisors foresaw this many months ago - to some extent especially in the new Arg lease deal - 25 years- My guess IMHO PL well ahead of the game now but needs solid Arg production - we have the assets and timescale. Arg was a rogue black sheep - under Macri - capable of becoming a Latin American investment White Knight. SP Impact anyone in next 6 months at this speed of reform??? - IMO DYOR HNY.GL

Quote the press: Fundamental change in Arg to attract overseas capital going forward major fillip to PPC - settling Paul Singer Hedge Funds blocking capital markets and growth. " - Paul Singer versus the republic of Argentina is over. Some 15 years after the country carried out the biggest sovereign default ever, and 13 years after the hedge-fund billionaire first sued for repayment, the two sides reached a settlement late Sunday. The deal marks a major milestone for Argentina and its new president, Mauricio Macri, restructuring the lion’s share of the debt remaining from the default and freeing up the nation to tap international markets for much-needed financing as its commodities-rich economy falters. It also brings a close to a bruising, at times ugly, conflict that cost both sides dearly over the years -- in legal fees, lost investment opportunities and countless headaches. Argentina had even become something of a pariah state, unable to fly its presidential plane or dock its naval ships in some cities abroad out of fear they’d be seized by Singer’s lawyers. The accord, which triggered gains today in Argentine bonds, calls for the country to pay $4.65 billion in cash to Singer’s Elliott Management and fellow hedge funds Aurelius Capital Management, Davidson Kempner and Bracebridge Capital, according to a court-appointed mediator. The amount includes $4.4 billion for 75 percent of almost $5.9 billion in principal and interest of claims in New York, as well as $235 million for claims outside that jurisdiction and some of the holdouts’ legal fees, the mediator, Daniel Pollack, told reporters Monday in New York. The nation will raise the funds it needs in overseas bond markets and the agreement will expire April 14, he said. The accord with the holdouts is the final step to allow Argentina to return to international credit markets. The country, which hasn’t sold bonds abroad since the default, has settled arbitration cases at the World Bank, paid Spanish oil company Repsol SA for the expropriation of YPF SA and negotiated with the Paris Club of creditor nations. The holdouts, who have tried to thwart Argentina’s past attempts to raise funds internationally, won’t interfere in the nation’s attempts to raise capital for the settlement, Pollack said. Great news this worm is turning asset valves soon will rise when access to finance is complete. .

Did you notice in his Speech Saudi was quite modest - in tone - not what the Bloomberg Oil bears were stating, very measured I thought - meetings in Mar & then June 16 volatility throughout. GL Thx for the post. Did state not a Shale war and room for modest shale - so there is a recognition of hurt.

US Billionaire 70 seen Oil up & Down quotes. 'Don’t rush the monkey, and you’ll see a better show'. My favourite & the man T Boone Pickens The first billion is the hardest. A real leader never leads by fear. GN I Will sleep under the Boone blanket. GN GL.

Interesting - my ignorance didn't realise BP owns 60% of 2nd largest ARg Oil producer Pan American Energy which took out an IFC loan in July $520m backed by Arg wealthiest Bulgheroni family with Chinese interests. Quote BUENOS AIRES, July 31, 2015 – Pan American Energy has secured a $520-million loan from the International Finance Corporation (IFC), a member of the World Bank Group, for drilling activity in Argentina. Under the deal, the IFC will contribute $120 million, while a syndicate of banks will put up the remaining $400 million. The agreement marks the second collaboration between the IFC and Pan American. In 2007, the IFC organised a $550-million long-term debt package for the Argentine energy giant. While investors have typically been wary of the Argentine market due to the country’s shaky financial history, Pan American is aided by the backing of super-major BP, which owns a 60-percent stake in the company together with Argentine independent Bridas’ 40-percent. Bridas itself is 50-percent owned by China National Offshore Oil Corporation. Bridas 20% The Bulgheroni's. FYI only.

Falling oil prices haven’t scared Berkshire Hathaway from stocking up on an out-of-favor commodity Oil, oil everywhere — and Berkshire Hathaway is quickly moving to control an even bigger share of the out-of-favor energy commodity. - Plunging oil price brings Saudi Arabia and Iran together in alliance of enemies The rivals have severed diplomatic ties and are fighting by proxy in Yemen. But revenues from crude are now so low that they have been forced to act in concert. GL GN AT 5p silly bargain.

Quote ' As crude oil prices stubbornly remain around $30 per barrel, new drilling activity continues to fall to levels that have not been seen in nearly 17 years. Figures from the Baker Hughes Rig Count released on Friday show that new drilling activity in the United States has fallen to levels that were last seen in May 1999. In the Eagle Ford Shale region just south of San Antonio, the rig count fell down to 54, which is well less than one-third of the 180 rigs that were in the oil-rich basin last year. The Permian Basin of West Texas saw active rigs fall down to 165, compared to the 362 rigs a year ago. Overall, new drilling fell down to 236 active rigs in Texas. Soon Us Shale losses > than Iran new supply. Iran lacks recent investment and is limited at gearing up. Iraq understand talks.

When is a prod'n cut not a prod'n cut. Russia Saudi can't say cut or lose the Oil war - If demand is rising then their joint agreement to limit cap output - is IMO a quasi cut - US hedge funds gambled to short 2016 - have to re-surface gloomy news (agreement insufficient with the supply glut) to settle positions - where uncertainty sat. BH rig count is falling off the charts - 26 today pro-rata % inc. Iran/Iraq playing ball - Iran has dismantled output infrastructure. Deloittle report 35% US Shale going under huge debts next 6 mths - petrol cheaper than bottled water. Time for the Shorters to re-think or get tanked when the Hedge funds change course for a long upride when all -ves are exhausted next 3 mths IMO & going forward they all want in and pump it up double whammy. GL

Getting funding into Arg - Short term volatility in the POO IMO is less relevant to PPC - the proposed ARG prod’n immediate investment plans, yields +$60 – surely on fundamentals its getting FINANCE to the operating field to expand production and become self-financing is the most important strategic aim in the next 6 mths business model hence Bob Shepherd hopefully getting funding (Not been possible before even with the IFC - Re Dollar Clamp/currency control) needed a placing in the past. Maybe the Market believes we need a placing to do that again – my last post intimated that with currency restrictions lifted-Independents can gain access to friendly debt i.e. IFC or PL with a $2m/per month permitted pull out as PL 7th Jan RNS, this is WIP. If we are cash +ve in Arg prod’n and can invest in E & P short term the POO is less relevant in the short term our guaranteed income can fund Arg & Paraguay E & P verbatim surely and prove Massive reserves within next 18 mths (Adding Value) – and the IFC suite of support gives us Two Financial Pillars of support (PL & IFC) and massive leverage with government negotiations which has been born out with impressive concession deals both countries. Make no mistake the IFC have massively elevated our importance in negotiations with their Oil & Gas $50bn & specific Latin America fund. IMO getting finance to Arg is far more important than being distracted by PPO temporary- medium term fluctuations and with the right fundamentals the SP will eventually follow - in time 6-9mths before a proper re-rating. GL

See IFC presentation it has the PPC 2013 deal there in the Latin Amercia section. We need funding to exploit production we have tiny funding Bear PL and Mam funding bear IFC for example look at Geopark - the suite of financial products are immense, PL had to get the ground interests right in terms of % and tenure done, push back competing Capex and slowly squeeze out production. His timing is immaculate i.e. now increase Arg rev when you get access to it to repat debt and hopefully repatriate dividends. Arg is opening up for RBLs and other products with the relaxed currency issues, it is very early days , IFC long term view partnering - see below extract Geopark Latin Amercia portfolio ' IFC FORMS LONG-TERM PARTNERSHIPS WITH ITS CLIENTS GeoPark is a growing Latin American oil and gas company with operations in Chile, Colombia, Brazil, Peru, and Argentina. February 2006: IFC invested US$10 million in early-stage equity (pre- IPO) in GeoPark Limited, a junior independent exploration and production company with limited production focused on development of marginal oil and gas reserves in Argentina and Chile. May 2006: GeoPark was listed on the AIM market of the London Stock Exchange. December 2006: IFC disbursed a US$20 million loan to GeoPark. This capital was used to expand operations. By year-end 2006, GeoPark had established itself as the first private oil and gas operator in Chile. 2008: IFC helped facilitate a gas pre-sale financing agreement for US$40 million with Methanex, a methanol producer in Chile. Methanex was looking to pre-order stable gas off-take, which enabled GeoPark to accelerate its Fell Block debt. 2008-9: IFC participated in 3 additional equity rights issues, the proceeds of which helped GeoPark to further expand operations. 2011: IFC acquired 12.5% working interest in the GeoPark-operated unincorporated joint venture in the Otway exploration block in Chile (has since been divested). February 2014: GeoPark was listed on the New York Stock Exchange under ‘GPRK’. Although GeoPark has now achieved financial independence, the company continues to seek IFC’s advice on topics ranging from expansion into challenging markets to how to devise a environmental and social action plan for maximum development impact. Add this to PL's courtship skills and a deal is in the offing $20-30m loan will do it - short term. GL