Member Info for comeonvog

Hewhodares1 well said . £42,000000 net profit , with that kind of profit imagine what the SP would be.

Esrjm222 And what about the next out break / the next virus the next pandemic. Think people would like to have a stach of these just like we used to keep candles in the 70's .

Investmug We got a few here playing the news and position posting. Really hope they have sold and we move forward , it's a killer when you sell only to watch the share move up the following days. I still say end of this month we move up after confirmation of increased production. FFS this is a new prospect...." In the event of success, it would open the possibility of some 6 follow on wells of which 5 would likely target gas and the other oil. There are no current reserves booked for any part of this structure."

We have another 1000boepd+ of production to be confirmed and that was with out this well.
EVN-x1
· Targeting a new undrained structure with potential up to 14 MMbbls of oil in place and 26 Bcf of gas

AParky How do you know we wont get further news , we have production update and possible Paraguay. Sounds like a position post to me .

So they get this news out before the placing.

· " Cash £291k at 31 March 2020 (2019: £326k). The Company raised £301k from a placing in December 2019 with new and existing investors at 0.40p per new ordinary share. The Group has recently completed a new production run for Fruitflow+ Omega-3 resulting in a planned increase in inventory of approximately £90k; based on its current level of cash the Company will therefore be seeking to raise further funds in the coming three months."

"This is the first time that any hydrocarbons have been produced from the previously undrilled Estancia Vieja North"
This is big news for PPC , now they can up there reserves once fully appraised. Well done PL.

That will do me, "Whilst work continues in our fields, we are now getting down to plan for next year with drilling very much on the agenda during 2021. We expect concrete plans to be made available by the end of January."
NorthernMagic we still have conformation on increased production and perhaps Paraguay.

rtvk I am not authorised to give financial advice but if you don't need the cash i would hold, this is the low and they now have cash to move forward. People posting here want to get a price as low as possible that is why they are posting negative comments. Time to let the company see if they can finally get this mine profitable.

Now the officially cheapest gold/copper producer on the market. Time to buy IMO

grsshaw I get your point , its not like it's hard to understand is it. But i see this moving along nicely from here as the market will price it higher . Make no mistake PPC were not in a good place , but they now have a chance to build production, reserves and with the help of Trafigura will not have a problem with distribution. Cant see us going back to 1.5p now, sorry if you sold out.

You often see one broker working the book , nothing suspicious about that on a stock like this. I think we have till the end of this month to stay patient , then news on EVN-x1 and where they intend to drill next that alone could be a game changer. All that and we still might get news on Paraguay, think the long termers might start to see some real benefit from holding this stock.

grsshaw personally i think that is a load of twaddle, we have just gone through a market melt down and one of the biggest shocks for O&G operators. This stock like many other small producers has seen its stock value plummet and that along with low production numbers has not helped. We have had nothing but good news on opps this last 4 months and we are about to get another 1000+boepd production come on line and all that is with out what ever we get with EVN-x1 and opening up the Estancia Vieja field ( more well planned ) . Now is the time to buy IMHO.

I think that extra 1000+boepd production end of this month will be well received by the market .

A strong move north but have to say i am a little disappointed we didn't go higher seeing as we were at 5+ year lows.

jollyspeculator Have you been following this stock, and how can they close with this pitiful volume we have witnessed these last few months.

Obadhia Well said , rossannan tries to run the chat and is a position poster. Best ignored IMO and as you say why clogging up this board when only interested in a trade.

Are out, wonder who took them.

MarkBellUK As you say we need volume, but we haven't had that for weeks . Is this a different ploy from the ii as without volume the shorter's have no smoke screen to hide behind. Now if i had a big short here how do i close.

KRTH Personally that was a wow moment for me if IFC are gone, if the stock is now free to move on news then we will see investors/traders return now we are back to a normal market of supply demand. I have been trading a small % of my holding but now i wont as the possibility of getting locked out has increased IMO.