Member Info for comeonvog

robaich The previous reaction was because of the constant selling from IFC , now with a possibility of no over hang we might be free to move . I think an extra 1000 +boepd is material news for this company and a lot of hard work will have gone into achieving that but is still to be confirmed to the market. IMO

KRTH yes that's my thinking and especially after the last interview with PL.

robaich Plenty of things they can update us with , we will have another 1000boepd + production this month and that's without what we might have with EVN-x1 . And then news on future drilling/ work-overs.

"In the meantime, as previously announced, we are looking to materially increase our gas production around the end November bringing on line two/three new contributors, also putting back on line certain oil wells in Rio Negro which have been out of commission for several months requiring repair".
Worth looking at the last presentation, plenty to look forward to over the next few weeks IMO.

Last placing at 1.85p , it was only IFC holding this back.

Lets remember we have another 1000boepd hitting the top line end of November and flow rates from EVN-x1 to follow. buying at 1.51p now if your quick.

Is that IFC now out , has PL found a buyer and we are now free to move. Good timing if he has.

We could be waiting for this to hit actual production.......Thus, by the end of November, from the above wells, President expects some 175,000 m3/d (1,028 boepd) new gas production to be brought onstream. President's intention is to build into its gas portfolio the capacity to reduce or increase production flows to reflect seasonal price variations to optimise profitability and cash flows. I am now confidant we will move higher as EVN-1 has opened up even more potential, how much is yet to be announced but i can wait as money will move back to O&G stocks next year which makes now the time to invest. IMO.

Paraguay news on Farm out next. !

Very happy with that result and again a quick drill with no mishaps. “There are no current reserves booked for any part of this structure.” Worth posting again IMO. Well done PPC now back to planing your next move.

· Farm out discussions in relation to the Pirity Concession, Paraguay are continuing with a national oil company with a view to drilling an exploration well at the Delray complex of prospects next year. President's internal resource estimate for that complex is 230 million barrels of Pmean original oil in place

helu0104....As if.

there will be a race to sell when they announce the following....... . Completion of non-core asset sales and a concurrent Equity Raising sufficient to generate minimum net proceeds of US$ 15 million, when combined with the net proceeds of the Note Financing ;

nope.....looks like folks are getting out before the placing.

Mine still unprofitable and they need a cash injection.

Been NT on Barclays for over an hour, strange but perhaps not with impending news .

occur

Do we have any idea of a date this might accrue.

cleatclinger If i had still been in this stock i would support that action. It looks like fraud to me.

How about the debt repayments. "with £15.1 million of payments to be repaid in the 2 years period from 1 January 2020 too 31 December 2021. " Wont be much cash left . Covenants breached??

How about the debt repayments. "with £15.1 million of payments to be repaid in the 2 years period from 1 January 2020 too 31 December 2021. " Wont be much cash left . Covenants breached??