Member Info for Brasso3

If you are deep under water here with PPC then today was the moment to bring your average down. The market has not yet absorbed the Atome news. Atome is effectively 1p - 1.5p of the PPC share price. You get All of PPCs other assets for 0.8p - 1.3p

There would be no logic in selling PPC stock now this side of 3p. Just wait for the squeeze now...

History tells us the market is not so interested in the Argentine/ US assets unfortunately.

This is the clarity the market needed on Atome. I expect a decent rise today to the 2.5p - 3p range. The market will not be able to ignore the value of Atome now. If the market is slow to react to this new there could be some cheap shares available in 25 mins...

There may be a lot of interest but its not appearing in the PPC volume.

The tiny volume today tells the story. There is no interest in PPC or Atome from anyone other than those that are already invested.

The confusion and lack of detail about Atome is the reason why there has been no buying interest on the back of all the news flow and why the share price sits at 2p. The same confusion exists with the Paraguay JV and the Argentina production declines through 2021.

How can they possibly give 65% to share holders. They are listing on the AIM market to raise funds so the majority of shares will go to new investors.

The grey area is will the PPC shareholder divi come from the 25% or the 65%. I expect the divi will be between 5% of 10% of the total shares of Atome.

I keep hearing the positive vibes on here but the average volume of the last 2 months is still around 2m shares traded per day. That is a tiny £40k traded! There are many trading days when volume is below 0.5m shares (£10k).

There is no new buying interest despite what some posters on here would like to think. How do they get the word out about Atome? Proactive Investor interviews would be my approach as they have a big UK following.

Still here although not posting as often.

I see Atome as a life boat now to restore some LTHs wealth. I can see it being a larger market cap than PPC within 12 - 18 months. PPC has got itself too deep In Argentina and the strategy has failed. The Argentine production will keep the lights on but it will always require a lot of CAPEX to counter the decline rates.

The jury is still out on Paraguay but that is not about investing its rolling the dice in the Casino. I am bemused at the secrecy around the national oil company.

Nice to see you are still around Victor. We met many years ago at one of the AGM/EGMs before the Levine takeover. It might have been the last one Steve Gutteridge hosted. I agree that Atome has more potential than the PPC legacy assets. PPC has been a painful investment for most long term holders and I hope you get a chance to express your view to Levine at the AGM.

In the UK the kids use Etoro/ 212 rather than Robinhood. I do not think young people in the UK invest in stocks. They are mostly in the crypto game from my point of view.

Fincapp are behind the curve on forecasts. If H1 2021 production is running at 2648 BOEPD and EV-1002 came off line for at least the whole of July it looks very unlikely PPC will achieve 3000 BOEPD in 2021. Puesto Guardian new wells are not anticipated to come online until 2022.

Thanks to Piperpeter (ADVFN). It looks like EV-1002 has gone off line in July.

PPSA.RN.EV-1002 (this well came on stream at the end of May).

Mayo '21.....Petroleo 4,757 [m3]
Junio '21....Petroleo 5,555 [m3]
Julio '21....Petroleo 0,693 [m3]

Mayo '21.....Gas 403,429 [Miles de m3]
Junio '21....Gas 658,365 [Miles de m3]
Julio '21....Gas 0,000 [Miles de m3]

Gas

Septiembre '20......Gas 3.961,155 [Miles de m3]
Octubre '20.........Gas 3.791,846 [Miles de m3]
Noviembre '20.......Gas 4.950,256 [Miles de m3]
Diciembre '20.......Gas 7.568,065 [Miles de m3]
Enero '21...........Gas 5.226,979 [Miles de m3]
Febrero '21.........Gas 4.726,241 [Miles de m3]
Marzo '21...........Gas 3.841,369 [Miles de m3]
Abril '21...........Gas 4.159,609 [Miles de m3]
mayo '21............Gas 6.106,850 [Miles de m3]
Junio '21...........Gas 5.972,658 [Miles de m3]

Nice to Meet you

Production is starting to decline in mid 2021 so its unlikely that H2 will be better.

Oil
Septiembre '20......Petroleo 7.964,876 [m3]
Octubre '21.........Petroleo 8.124,927 [m3]
Noviembre '20.......Petroleo 8.044,593 [m3]
Diciembre '20.......Petroleo 9.137,939 [m3]
Enero '21...........Petroleo 9.203,441 [m3]
Febrero '21.........Petroleo 7.610,289 [m3]
Marzo '21...........Petroleo 7.904,337 [m3]
Abril '21...........Petroleo 8.283,923 [m3]
Mayo '21............Petroleo 9.053,542 [m3]
Junio '21...........Petroleo 8.323,987 [m3]

Why will the delay in publication of the FY accounts work in our favor? The share price was on the verge of breaking out above 2.7p and then they announced the delay and the Paraguay JV terms.

The CGC deal was terrible for PPC. They have effectively ended up paying double for the assets. The constant quarterly dilution has resulted in a drag on the share price. Do we even know if CGC hold the stock or drip feed it onto the market?

Lx-1 and Jx-1 cost more than $50m to drill in 2014.

The $150m includes the initial asset purchase and all of the 2D, 3D work that has taken place.

$150m spent on Paraguay to date by PPC!

I have not felt this positive about PPC for sometime. The stars seem to be aligning. We just need a solid update on the 22nd Feb and an aggressive drilling programme with production target in the 5000 - 6000 BOEPD range. That should allow this to make a move towards 4p.