Member Info for comeonvog

Brasso3 and the price they received for gas sales in 2014/16 was half what they would get now.

"In 2016, steps were taken to farm-out the prospect which with a background of the prevailing hydrocarbon market at the time ultimately proved to be unsuccessful."

Sounding like a broken record now Brasso3 , constantly griping.

Brasso3 Thought we were talking about drilling in Q4, so now it's just a general dig at the company.

Brasso3 The updated projected time to spud the well is now beginning of Q4 2022. The delay to the original timetable has been the result of needing to coordinate all logistics, consents and approvals and the projected time to repair and recondition the preferred drilling rig required.
Beginning of Q4 is October, i would assume all logistics would be in place before they spud.

Strange time to sell .

Brasso3 Same part of the world. Why do you think they can drill in northern Argentina but not Paraguay, strange.

cjgoldsmith We have a free carry on Paraguay , no stress. If they hit it's a game changer for PPC.

It's in the bin , so i have peace.

Brasso3 They spudded DP-2001 last November .....The first in the sequence of new oil wells at the Dos Puntitas field, Salta Province, Argentina, being well DP-2001, has spudded after having been delayed due to logistical issues on the 1,950 km journey to the well site.

Accordingly, the Martinez del Tineo gas farm out process is now being re-activated with steps to be taken to update the offering and data room and promote the same to the market with such marketing both domestically and internationally likely to commence before the end of Q3 2022.

The prospect is situated within the long term Puesto Guardian Concession expiring in 2050 and has significant infrastructure already in place due to President's existing oil production operations. In terms of size, an independent Gaffney Cline and Associates report in 2012 best estimated Unrisked Recoverable Resources at 570 Bcf of gas and 14.5 MMbls of condensate with an updated Company internal estimate in 2016 after further geological and geophysical work upgrading those figures to approximately 2.8 Tcf of gas and 69 MMbbls of condensate from two independent formations.

The updated projected time to spud the well is now beginning of Q4 2022. The delay to the original timetable has been the result of needing to coordinate all logistics, consents and approvals and the projected time to repair and recondition the preferred drilling rig required.

And here is our opps RNS. All wells producing in May , lovely.

When calling out there will be a placing on small caps your more than likely going to be right specially after a world pandemic and then a war in Ukraine . Price of hydrocarbons is on our side and 20p is the low , time to reorganise the portfolio and run with this. IMO

Bobbybullet That's a fair assumption and i would hope we get some sort of confirmation in the next RNS. H2 in 6 weeks , how time fly's.

No reason to not keep us fully informed with regular updates now he has all our money tied up at a higher SP.

Not really, do one if your not happy.

NicetoMichu The first two are commercial and producing. Louisiana is back on line . Why is it $12 million???? Drilling is expected to take 30 days at a cost of approximately US$3.5 million and mid-case targeted oil production on success is estimated at 40m3/d. ( 250 bopd). And lets not forget this was paid for using the Corporate Bond at 1.25% interest rate, very good move by Peter IMO.

Well DP 2001, currently successfully commercially producing in the first phase of testing will within the next 10 days undergo planned stimulation in two parts under the second phase of the production testing programme. Whilst each well behaves differently there is no present evidence to expect post stimulation anything materially contrary to the stated well performance expectations in this well of approximately 250 bopd.Well DP 2003 is in an earlier stage of first phase of production testing although it is already clearly commercial.

Brasso3 defiantly don't agree with that statement, we were still mid pandemic and PPc were doing there best to address production. I think ATOM IPO would have got away no matter what our SP, look at other Green Hydrogen projects ours looks at a more advanced stage and i like the Iceland connection.

ATOM stock ( approx value £7 ), Louisiana back in production, two commercial drill's in production, approaching Argentine winter months (higher prices for our hydrocarbons) Paraguay drill this year fully paid for with our farm out. Option to export excess product with the help from Trafigura. All our infrastructure and prepossessing facility's. What's not to like with a Market cap under £40 million.

Got to ask why the change in tack , on any good news last year we had an RNS but not now. Personally i think this is a move to stop the traders and see a more gradual rise in our SP as we move closer to the big drill this year.

grsshaw Well done on you purchases yesterday, i just got a small top up at 1.66p . Now lets get some news Peter.