Member Info for Brasso3

Some of us have been bitten many times over the last 12 years with PPC!

The last time PPC was tipped by the DM it rose by 2p I think.

https://www.pressreader.com/uk/daily-mail/20200215/283970359458026

The person who just dumped 18k GBP does not agree! :(

13-Feb-20 13:56:34 3.8001 481,184 Sell* 3.80 4.00 18.29k

Mike
@Micrilstocks
·
58m
This is a short report covering President Energy's recent General Meeting. It faced serious headwinds in 2019 but with the commissioning of a new pipeline, a major uplift in gas production could be on the horizon.
hxxps://linkedin.com/pulse/president-energy-briefing-note-michael-crilly
#PPC #PresidentEnergy #TRIN #TXP #ECHO

Maybe not a perfect inverse H & S but still a few strong buy signals. The 20 day MA has crossed the 50 day and should cross the 100 day in the next few weeks. Almost in line with confirmation of 1000 BOEPD of gas coming on line which is due in the next 18 days.

https://www.edisongroup.com/publication/maximising-value-from-conventional-assets/26129#

The chart is telling me that we are going to move up soon. The inverse H & S formation plus the recent golden cross with the 14 day RSI now settled suggest this is a good entry point for any new investor. We also know the share price was suppressed by JP Morgan selling out. I think once we get confirmation of gas flowing then this will re-rate to 6p. Where it goes after that will largely depends on the drilling activity.

NM

Whilst acquisitions sound interesting they come with dilution. We have made 4 acquisitions in the Neuqeun basin (Argentina) and in the 2 - 3 year period the share price has gone from highs of 12p to lows of 3p. I think we are already far over committed to a country that is widely considered to be a basket case by the international investing community.

I would much rather we directed money towards USA and Paraguay to remove the 'tag' of PPC being solely and Argentina play. What also concerns me is the short license duration of the assets in Neuquen basin. I think Puesto Prada and EV (cannot spell) are now below 8 years on the license. Whilst in production terms this is not such a worry it does mean that the P2 reserves will have very low valuation.

In summary, I am sick of dilution and acquisitions which bring more jam tomorrow promises. Its time to increase the share price and start meeting targets and delivering on promises.

Thanks Claudereff/ NM

People think I am deramping but the negativity within my posts comes from being invested in PPC (MRP) for 12 years and have seen so many targets missed and changes of direction/ strategy. What I hate the most is the hero worship of PL as IMO he has made lots of mistakes over the last 10 years and his stubbornness/ arrogance seems to have cost investors.

At the end of the day I have 1.8m shares in PPC. I never intended to have this level of funds committed to PPC but the constant dilution has meant that I have felt the need to average down several times. The share price usually tells the story and we cannot escape the fact that we have gone from 98p to 3p.

Yes I am shorting it and work for Panmure! Jesus!

Was I note just stating facts in my last post that EBITDA for 2019 was $12m?

Maybe some posters on here cannot handle the facts!

If PG had a 'hold' recommendation with EBITDA forecast at $20m surely they are correct to change to 'sell' on confirmation of EBITDA reduced to $12m?

Someone selling 572,282 shares at 3.81p (£22k) did not help!

Its quite obvious!

- We have just had 2 placings at 4p with CGC and Trafigura within a few weeks.
- EBITDA should have been $20m for 2019 and its come in at $12m.
- WTI has dropped 15% in the last month.

If there are any certainties in this world, one is that PPCs share price will always go below the last placing price!

Sells going through at 3.75p - 3.8p today!

PPC also know as the most depressing share on AIM!

Now that the share price has touched the 3.8p level that looks like the reverse head and shoulders is complete on the chart.

"Its a beast"

Blown away by this RNS (on holiday in Florida).

This is our GKP moment. 100p by end of February in my opinion with a fund raising around the 80p level.

I have seen other companies re-rate over the years and this kind of news takes days/ weeks to sink in. This is a one way bet now. The longer you stay in the more money you will make.

I am not sure how you all interpret these results as positive!

The H2 2019 EBITDA is down to $4m!

PL told us 5 weeks ago that 2019 average production was 2600 BOEPD and not we learn that in fact it was 2414 BOEPD!

You have to pay for the drilling rig/ crew up front so there is no way the expense will fall into 2021 if the drilling starts in Q3 2020. I have lost hope with Paraguay as it was planned for 2018 then 2019 so its clearly not high priority. I am sure they just keep penciling in dates to try and encourage farm in partners and create urgency.

Drichi

We should get the unaudited report for 2019 by Friday which will reveal the end of year cash position. I think this will give us an indication whether PPC can really go it alone in Paraguay. I do not see how we can drill several wells in Argentina and USA and still have $10m to drill Paraguay. They seems to be more focused on debt reduction all of sudden rather than rapid production growth. I do not mind this but the conservative approach does not make sense if you are then going to throw $10m at Paraguay.