Member Info for Brasso3

We have waiting a long time for this to change direction. I think 2.5p - 3p will arrive in the next 2 weeks. I feel PPC will be forced to provide more information on Paraguay at the next update. Hold on tight.

The FY accounts will not be published for 4/5 months.

I presume you mean a trading update?

I have been patiently waiting a long time for this kind of step change in production. If the market allows any buying under 150p this morning it is a bargain!

Things were starting to look rosy at 2.3p last week and now we are at 1.9p. Why do CEOs not realize that if you want to list on the AIM market then you have to provide regular communication or investors (traders) just sell and move onto the next thing. It would have been easy to provide an RNS in recent days to clarify several things and cement PPCs share price above 2p. PL runs PPC like a private company and does not understand that you have to keep PIs interested.

Look at XTR this month. There is a CEO that understands the AIM market.

Anglo Buy-back option

Under the terms the Bushranger Acquisition agreement, if a deposit of greater than 2 million tons of contained Cu equivalent (e.g. 450Mt @ 0.45% Cu equivalent) is ultimately identified, Anglo may buy-back 80% of the Racecourse deposit at fair market value as determined by an Independent Expert in accordance with the JORC and Valmin Code. Anglo and ProspectOre would then provide funding pro-rata to their interests, save that ProspectOre may decide not to provide its share of funding and be diluted, ultimately retaining a 0.75% net smelter royalty (NSR). If a "Decision to Mine" is taken by ProspectOre prior to the identification of 2 million tons of contained Cu equivalent, Anglo also have an opportunity to exercise the buy-back. Anglo have a once-only opportunity to exercise the 80% buy-back whether the opportunity comes through the discovery of 2 million tons of contained Cu equivalent or a decision to mine.

If Anglo does not exercise the buy-back and ProspectOre ultimately develops a mine, ProspectOre would hold a 100% project interest, less 3.5% in NSR royalties and a A$7.5 million development payment to historic holders (which includes Anglo).

NM

The rise is due to the overhang clearing and a reflection that production hit 4000 BOEPD in December. External factors like Brent rising above $55/ barrel have of course helped.

The next update needs to be positive and map out what is going to happen in 2021. If they fail to deliver I expect we go back to sub 2p as there is not much confidence in PPC based on history.

The chart is screaming 3p in the short term (2 - 4 weeks)

I expect any RNS confirmation that we are still at or above 4000 BOEPD will push this to 3p. A near term shallow drilling programme could mean we are close to 4500 - 5000 BOEPD by end of H1 2021. Its important to keep momentum now we are clear of this overhang.

We have finally broke the long term consolidation/ stagnation from the mass dilution last year. Monday would be a fantastic time for an operations update.

I am not certain those 1m trades were sells. Could be buys given the price action.

Brasso will only make money from share price appreciation.

Levine makes money from salary, options, share price appreciation and loan repayments.

Lots of small RNS keep the traders out.

I think if you look at the AIM oilers that go up then you can usually associate regular communication with them. TXP is a good example where Paul Baay is excellent at delivering regular interviews and good RNS to the market. If a new well comes online with 100 - 200 BOEPD I think it is news worthy.

There were two posts on Twitter 16 days ago that suggest more production has come online. If this is the case then it merits an RNS IMO.

President Energy
@PresidentPlc
Dec 30, 2020
Coil Tubing Operation at EV-x1 #operations #RioNegro #PPC

President Energy
@PresidentPlc
Dec 30, 2020
Work continues throughout the festive period - hot tap of LB-x1 into the battery and compressor station #operations #RioNegro #PPC

The BoD need to improve communication now we are through the overhang from IFC. This is the time to break free from the shackles of that terrible placing in 2020, low oil prices and the large institutional selling. On the AIM market you have to do that with regular communication via RNS. Twitter updates only satisfy existing share holders and do not attract new ones.

Best volume day for a while. Closing in on 8m traded. We need a few days like this now to clear out weak hands.

As said before this is worth 2.5p - 3p on what we already know. Any positive new on production/ reserves in the month then 4p looks achievable.

I do not see much resistance now until 3p. We need some volume to churn through any other weak hands.

What is a telling us?

Oil has been flat through 2020. Gas is up 300% for the year.

It must be from an Argentine government website but I assure you it is reliable.

I am forced to thank Piperpeter for posting these:-

REPORTE DE PRODUCCCION.
PRESIDENT PETROLEUM S.A.
NEUQUINA + NOROESTE.

Febrero......Petroleo 9.703,374 [m3]
Marzo........Petroleo 9.557,086 [m3]
Abril........Petroleo 9.159,468 [m3]
Mayo.........Petroleo 9.763,692 [m3]
Junio........Petroleo 9.047,035 [m3]
Julio........Petroleo 9.151,782 [m3]
Agosto.......Petroleo 8.129,736 [m3]
Septiembre...Petroleo 7.964,876 [m3]
Octubre......Petroleo 8.124,927 [m3]
Noviembre....Petroleo 8.044,593 [m3]
Diciembre....Petroleo 9.137,939 [m3]

Febrero......Gas 2.141,054 [Miles de m3]
Marzo........Gas 4.495,475 [Miles de m3]
Abril........Gas 4.444,754 [Miles de m3]
Mayo.........Gas 4.557,831 [Miles de m3]
Junio........Gas 4.210,455 [Miles de m3]
Julio........Gas 4.300,389 [Miles de m3]
Agosto.......Gas 4.215,116 [Miles de m3]
Septiembre...Gas 3.961,155 [Miles de m3]
Octubre......Gas 3.791,846 [Miles de m3]
Noviembre....Gas 4.950,256 [Miles de m3]
Diciembre....Gas 7.568,065 [Miles de m3]