Member Info for comeonvog

Just sold some stocks i wanted 50% lift to get more here as i see 100% from here.

To not take advantage , 344.2p crazy

NicetoMichu not that i ever disclose my position on a chat board, but suffice to say i will have way over 30k when we get to 2.75p . ;-) That was my sell price but now looking for 3p+ and that might change if/when we drill Paraguay.

Cuda sorted , re-finance , start drilling and maybe seek a partner to move forward at pace. I anticipate a deluge of information from Art as soon as next week.

NicetoMichu yes i get all that and 200bopd might not be great but at $66 still amounts to $4.7 million a year revenue. Last year we lost production from LB-1002 and depletion rate from the Gas well's must be higher than we were told. People were saying here 2020/21 we need more oil , and this is what they have gone after and i hope they can get steady production over the next few years , time will tell. Heck we see small cap company's going after less than 1000 bopd with MC 20 million + and little infrastructure. Am i happy , hell no but i do think this year we gain some traction . Do i think they have a plan , yes i do and i wait to see Peters next move. ATOM has been a success up to now showing that he can push projects forward . Now i wait for his next move here with PPC. We have a route to export oil , even if only a small quantity of 19000 barrels sold this year at international prices , we have Louisiana, and our new appointment.
"Daniel Musri, our new CEO, has within the short time he has been with us, rolled up his sleeves, shown a commitment to detail by spending time in our fields and is leading by example commanding respect from our teams, partners and customers alike. A commendable start which bodes well. With the new Salta wells now coming on stream Daniel's role aligns with President's objectives of increasing average production and expanding our portfolio of assets."
Is now the time when we might go for that expansion now we finally have the production that is needed to move us forward, i will wait and see.

Louisiana

Production from the Group's working interest in US operations rose by 65% to 258 boepd (2019: 156 boepd). Production levels recovered in 2020 following extensive flooding in Louisiana and a workover of the Triche well in 2019 which had resulted in the shutdown of the wells and facilities for four months.

Average realised prices in the US fell 34% on the prior year to US$29.9/boe (2019: US$45.6/boe). Well operating costs excluding royalty related expenses and non-recurring workovers* fell by 33% to US$6.6 /boe (2019: US$9.8 /boe). Depreciation fell during the year to US$3.6/boe (2019: US$4.9/boe)* following an increase in reserves.

2021 Accounts
"Revenue fell by 32% to US$27.8 million (2019: US$40.8 million), depressed by lower oil prices in both Argentina and the USA despite higher overall sales volume. Overall Group production rose by 12% reaching 2,714 boepd (2019: 2,415 boepd). Lower average product prices for the year of US$30.0/boe (2019: US$49.6/boe) in part reflected the growth in gas sales but mainly lower oil prices through a turbulent year. Cost of sales of US$31.8 million (2019: US$37.3 million) decreased due to lower well operating costs and lower product price related royalty and production tax expenses."

How are we priced lower than August 2021

DBN just got the FTSE 7020 bounce , all blue now.

Few more in the pot today, the selling will dry up at some point . Had the same on CMCX when buy backs kicked in it took a few days to mop up the sellers.

We do not deserve to be at the same price we were during the height of the pandemic. Production is similar , revenue is higher , we have ATOM stock ( 28% around £10 million at today's SP) , we have Paraguay drill and we have Louisiana back on line receiving around $9 million a year. Crazy

If this stock starts to move tomorrow in this market it would bring in a load of traders, plenty looking for a winner.

All the doom and gloom, not really......we had an update on DP2001 on the May 13th......"The new well DP2001 has been successfully stimulated as a final part of pre-production testing and is now on stream to the battery. The initial results are encouraging with production estimated at approximately 200 bopd and higher than expected gas which is being used to partially alleviate diesel use and thereby reduce cost in the facility." why update again. ( not a dig at you NicetoMichu )

We have PG13-1 now on production at 200 bopd good news. 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 . More good news.

I like the bond , grab it while they can at 3.89% p.a. interest rate with payments deferred for 16 months. I remember some saying we wouldn't get more updates well that was wrong again. Well done all at PPC.

darientaylor.......Metaphor my dear chap .

Had a grand's worth at 13.49p . Got to be worth 20p+.

More than happy to trade a few of these.

Every day this company 's debt get's lower, we are talking millions every day.

SK Fight ya for her.

FTSE moving up now.

Can anybody help. Looked through accounts and can't see high debt levels. Looks manageable to me.

yep, time to keep a few quid under the mattress .

Had a few more , 350 crazy low .