Member Info for comeonvog

Share Consolidation....All change.

NicetoMichu Why bad, Louisiana back on line October . 3 drill's to come on stream by Jan.
Fevertreeman ....Read this about funding ..."We look forward to the drilling campaign in Salta. With current prices there comparable to Rio Negro and fixed opex already covered by existing production, the incremental production will make a good contribution to Group.

"Moreover, with higher oil prices mitigating the greater discount for Salta oil and all necessary infrastructure in place to cope with greater volume, there are potentially materially enhanced margin barrels to be had. "

Yes we are lucky POO has moved to the upside and we have a free carry on Paraguay and covid numbers are on the decline in Argentina. Some times you need some luck going forward and we could still have a good three months here that could define the next few years with PPC. Like i said earlier , we get more than 250 bopd on the first drill and this starts looking a lot better.

And worth remembering 62.2% of stock is not in circulation ( held by institutions and management )with plenty still holding averages of 3/4p + the free float is a lot less than people realise. The stock can still move fast with just a few trades , i have watched it many times. Could get interesting end of October and i'm in for another 500k Shares next week.

claudereff These are classed as development well's and we now have a competent drilling rig and crew.

This is the turning point have no doubt about that. If the first well comes in over 250 bopd then every chance they will keep drilling , and why not.

" The return to activity in Puesto Guardian is significant with the real beneficial impact on the Company only occurring in all material effects from the start of 2022 when it is projected all wells will be on stream. Puesto Guardian is a long-term concession to 2050 and 100% owned and operated by President. Current production is stable and showing good reservoir properties albeit low in volume due directly to the fact that there have been no new successful drilled wells there for some 10 years. Unproduced reserves of scale are unquestionably present and there is significant potential to grow. The hard lessons that have been learnt from unsuccessful drilling in the past has given President a determination to succeed with the Company now having the resource and a drilling and engineering design team that have proved themselves able to deliver in action. Moreover, with higher oil prices mitigating the greater discount for Salta oil and all necessary infrastructure in place to cope with greater volume, there are potentially materially enhanced margin barrels to be had. "

Has to go , share price destruction.

Not selling down here at five year low, lets see if we now get a steady flow of news.

Interms out the way as we move out slowly from this pandemic. All about oil now and i can see the possibility of us finally getting over that 4000boepd this year. ( three wells at 250 + Louisiana back on line 300) Plenty to look forward to and maby last chance under 2p.

£4 to 25p in three years. What a management team. ****@r-s

What an absolute disgrace of a SHI-T show management , now a laughing stock to the whole market.

Bunch of CU@T-S......

panamabob...I look every morning.

£38 million MC on this stock seem absurd at this junction. Good to see the covid number declining to a more manageable number in Argentina.

bigsmoke i think we will need it judging by the SP.

https://oilprice.com/Energy/Energy-General/Can-Argentina-Finally-Realize-Its-Oil-Potential.html

fiveeights Had to rec that , funny.

Crazy were down here, but i can wait for value.

Only way is up from here, ya can't be drilling 6 oil well's over the next six months and not get excited. Couple that and our ATOM ipo before year end will give us plenty of news flow.

Remember these are Development well's not wild cat, and Paraguay is on a free ride . ( They left the best prospect till last ) just don't ask why.

Bit of blue on a Monday and could be back to the 2p+ come Friday. It's all about oil for the next 6 months with the possibility of 6+ wells being drilled , they could drop news at any time and this SP will be smoke.