Member Info for comeonvog

Flaberghast The window of opportunity to obtain stock at this level is soon diminishing, must remember we are not just an O&G producer we also own most of our infrastructure and have Trafigura on board .

The_Doc Let's not forget this whic helped insulate PPC from some of the sharp drop in pricing for POO through 2020 .

"On 18/19 May 2020, a Government Decree was signed and published inter alia setting a fixed reference price for Argentina standard Medanito crude at US$45 per barrel subject to local usual quality discounts."

Twice the production from 2019 and could be around 5000 boepd as we move into the Argentine winter months if they feel the time is right to pump all the wells at full capacity.

You sell now there is no getting back in cheaper , momentum is with this stock and rightly so as hydrocarbons take centre stage to help rebuild economy's. IMO

Got to say im looking forward to that and as we know it will be forward looking with an update on this years drilling scheduled. The market will like that as will traders with plenty of news flow should start to see volume pick up and any hint of Paraguay could put another 1p on the stock price with POO around $60. IMO

RNS 22 dec 2020..... "It is hoped to conclude matters before the end of Q1 2021 with a view to drilling an exploration well targeting a location in the Delray complex within approximately 12 months."

I would say that was a sell . will get plenty of them as we march north , it is a market.

My hope for this year was that PL would come out fighting and show some vigour , that i think has been displayed with our up and coming drilling campaign . If they can keep up this momentum their will be plenty to excite the market and keep us in the head lights , roll on the TU in 13 days and counting.

NT again on Barclays , has PL finally pulled off the Paraguay deal.

Cash position is low and why i have been mindful not to post here. I was looking for confirmation of orders but what we got on the 28th jan was a little uninspiring that is why i am out.

Now that should blow the doors off.

NT on Barclays again , we are moving 2.298p paid .

Starting to move , 2.172p paid andwith a little more volume were off . Investors will have time to digest the Group Reserves update and place bets ready for the TU in 14 days.

Buyers moving in , 2.1p paid and gone to NT on Barclays for only 1k £ , wont take much to move this now.

And also Paraguay is looking like a monster if they can get the farm out sorted. I now up my prediction to 1p on our SP on any positive outcome.

And this

"In Salta, where the long-term Concession extends to 2050, President is in the preliminary stage of planning to finally return to drilling later this year with three new vertical production wells as well as 3D seismic data acquisition. In the event of success these would be the first new producing wells at the Puesto Guardian Concession for nearly 10 years which is itself a testament to the long life of the current well stock. These wells would complement the already firm drilling programme in Rio Negro in the first part of this year with the four committed wells there within H1 representing the highest number of individual wells drilled by President in any year since the Company first arrived in Rio Negro in 2017."

What a pity, had really hoped for all invested this would come good.

Now that was worth waiting for, nil debt works for me in this environment. Well done loopup.

Starting to look very professional , are they going to grasp this window of opportunity with both hands , i think so . Drill drill drill is the new moto for PPC.

NorthernMagic The news is the POO .It was noted on Friday the MM were happy to up the bid with no real buying ( well not that the trades were declared ) witch makes me think we are moving into a new trading range. Plenty of potential to inform the market over the next few weeks

• Four well committed drilling programme in Argentina to commence by end March in Rio Negro Province

• Planning in progress for potentially drilling and 3D seismic data acquisition in H2 at the Puesto Guardian Concession, Salta, Argentina

• Further announcements on new reserves report and market guidance for current year expected by end February.

All going to get rather exciting and i would hope PL will be eager to get this show on the road. Who would have thought last year with poo at $30 we would now be at close to $60, very close.