Member Info for comeonvog

What did you really expect , it is now about the future . We have from Jan/feb


• Current realised oil prices in Argentina are showing a small month by month increase. Prices in Salta province are up 12% since the start of the year with July realisations expected at US$66 per barrel. The average Rio Negro oil price for the first five months of this year to date, considering quantities we have been able to export during the period has been US$63 per barrel

• Oil prices received in Louisiana for May production were approximately US$109 per barrel

• Of the new wells drilled in Salta, all three are successful oil producers. The two in Dos Puntitas Field are slowly increasing towards optimum production levels, targeting after a final acid treatment and increase in pump capacity, some 190 bopd each. The third new well has come on strongly from the outset and already without need of fine tuning or stimulation is achieving over 200 bopd. Whilst capex was over budget due to unforeseen issues, the programme has demonstrated it has been economically worthwhile

This is PPC now not 2020/21

2021· Group revenue increased by 23% to US$34.1 million (2020: US$27.8 million) due to recovery in realised commodity prices in Argentina to US$40.6 per boe (2020: US$30.0 per boe 2020) and US$43.1 (2020: US$29.9 per boe) in the US

2022· Average oil price received in Rio Negro of US$54 per barrel which has since the quarter end increased by 8% and is projected to increase further this year

2022..Realised prices for domestic sale of President's Salta crude continue to increase with prices currently US$66 per barrel, an increase of 12% from the start of the year.

Look at all the O&G company's and they were all hit over Covid. Yes they have rebounded earlier than PPC du to international pricing . We are now through the worse and it is all about this year, production is through 3000 and prices are moving up and we have Louisiana production from February. We also have ATOM .

darientaylor This was the second year of Covid, lets remember that and no production from Louisiana.

As expected and priced in by the market and why we are at 1.5p. So we now know production is 2470 +190+190+200+Louisiana so we should be around 3300. Time to move up one would hope. ?

grsshaw Yes nothing priced in .It is strange they have not mentioned any drill's for this year, yep Martinex del Tineo looks a good move and would be a great target for early 2023. I wouldn't want a buyout at this stage , must remember ATOM should start to preform next year with plenty of news, i really like the Iceland connection. I am hopeful our new oil well's will keep producing at a decent rate along with Louisiana and start to see some real profit this year after all the expenditure over the last two years.

Everybody is fed up , not really how a chat board for a O&G E&P company should be , time for some action Peter.

"With a strong strategic and institutional base of support, including the international commodity trader and logistics company Trafigura, an in-country management team as well as the Chairman whose interests as the largest shareholder are aligned to those of its shareholders, President Energy gives UK investors access to an energy growth story combined with world class standards of corporate governance, environmental and social responsibility."

I will be quoting this statement in my future emails to Peter and Nikita .

No value for Paraguay ( when it happens) , ATOM , Louisiana back on line, recent oil wells , treatment plant with estimated $4/boe reduction in operating costs.Realised prices for domestic sale of President's Salta crude continue to increase with prices currently US$66 per barrel, an increase of 12% from the start of the year .Accounts to DEC 2020 we were getting paid US$30.0/boe (2019: US$49.6/boe) We have no value here for all the work PPC has done these last two years and in fact our SP is lower , i think Peter will be doing something this year.

rugs It's all over the market not just here , people selling out at any price causing the SP to drop disproportionately and lack of buyers. I feel quite positive here and await the next update.

"We continue to assess and undertake low-cost feasibility studies on additional projects, including a third commodity for which we believe we can leverage our existing infrastructure, logistics network and technical expertise. In addition, we have medium term plans to create a clean energy operation from waste material from both our Palm Oil Operation and Cashew Operation, which would underpin a biomass operation. Both projects are proceeding cautiously with current work being low cost and will remain so, at least until the Cashew Operation is up and running. We will provide further updates as appropriate."

Hope you can ask a few questions on this now they have an appetite for expansion, i like the cautious approach in this statement.

Got to remember results are for last year, it will be all about the forward statement and plans for the reminder of this year. I hope we are now at a stage with all the drilling these last two years to have a steady production that will put some cash on the books and we get some sort of corporate news. I remain hopeful that they have something to excite the market this is dire.

Lack of investors , nobody wants to hold longer than a day.

Well i'm happy to stay invested with these results.

"The Cashew Operation is now finally reaching the point where production volumes can be ramped up and we believe we will see net contributions to Dekel from this operation commence in Q4 and importantly we expect it to be a catalyst for a material uplift in financial performance of Dekel over the next 12 months."

They are just toying with us , we will go north with ease once the last of the sellers have done. This will be a beast of a stock next year.

The march north continues . I have never been invested in a company that can pay for a drill in 30 days , remarkable.

Diver69 Totally agree and would give the market a real kick up the @ss to get some governance over some of the real scum bag managements running these company's.

To soon, we are due a 10% move here at any time. IMO

grsshaw just a reiteration on our last RNS with a positive slant . Still a bit of PR that we desperately need more of IMO.

This is a turn around story, if you follow the stock it is not about the value but the doors that will open with every new contract. They have a great opportunity to make a real impact as we move into a period of investment for hydrocarbons in safer jurisdictions.

"With superior, leak-free technology at its core, escalating organic opportunities, strengthening blue-chip partnerships, dynamic R&D advances, our re-entering of the Jack-up exploration wellhead rental business, and with ESG goals on the agenda of governments worldwide, I am increasingly confident that Plexus has reached a tipping point that positions us well to rebuild significant value to shareholders over the next 18 months."

That's a big contract for this tiny MC company , could be the stock of 2023 as defiantly in the right sector.

This order is estimated to generate revenues of circa £500,000 for Plexus in calendar year 2023, and has the potential to lead to other similar work in the North Sea and internationally both with Oceaneering and other customers.