Member Info for comeonvog

Plenty of life in this old dog, We could be on the cusp of achieving what should have happened years ago and perhaps now is the time to buy the stock for maximum gains.

I agree the past has been a disaster and a lot of what has gone wrong lies with PL and his decisions over the years, coupled with endless placings. But at some point you need to move on , Pl could have left this stock in the mire with no hope of getting money back for LTH but he has ploughed on. Things are improving as i see it now lets see how we fair over the remainder of 2021 . We drill for oil in H2 .

I call that positive 5p, it would seem some agree this is way undervalued just need that spark to gain some momentum. IMO

I will reply later , just back from work.

· Full year average production projected to be between 3,600 and 4,000 boepd, based on Group capex spend of circa US$18 million. This is planned to be funded through own cash generation complemented by additional non-equity sources as required. The full benefit of capex will only be fully felt from the start of 2022 when all Salta new wells are expected to be on stream.

Then we have Paraguay H1 2022. (Some said it would never happen).

2019 full year Trading Update.....Average production of 2,414 boepd is 6% up on the previous year (2018 - 2,279 boepd)

2020 full year Trading update......Average net Group production up 12% year on year to over 2,700 boepd

Fevertreeman Hate to burst yopur bubble but we never traded at 1p . Think you need to take a break from this board if it is getting to you. Time to move on.

steven49 Sorry but i don't agree. We have been waiting for this news ( many said it would never happen ) and the Farm out is happening but not till next year. We obviously had traders who were going to sell on this news and that's what they did , only problem is we also had the delay in accounts ( another opportunity for traders to sell out as it's two months late ). We drill again in H2 , 3/4 oil wells. The gas well's were a good decision from the company and selling at US$6.5 MMBtu, much above expectations and a marked 182% increase from January 2021 prices. Do we have a lack of buyers , yes we do but that can change and no reason to believe they wont come back as we head into H2 next month. Paraguay is still a decent prospect and for outlay of approximately $4 million well worth the time and effort as a strike will be a game changer . Peter said the rewards from this year will only really be felt next year makes this the time to buy. IMO

AParky yes it has been all the people who have invested over the years that have paid for the chance to drill again. This is like a free ride for around $4million ,Paraguay is new frontier drilling and if they hit well we have something special .

NicetoMichu If you look at my posting history on PPC i am not always uber possitive. Yes it has been dire if you had been invested here as a LTE.

NicetoMichu What because i am positive towards my investment.

steven49 Couldn't be more obvious you have sold, talk about position posting. hahaha

"Sub 2 even" hope so.

AParky yes i think that is what they have done, taken advantage of the situation. We will have the treatment plant up and running and a couple of months production with the higher gas prices . In a way i can understand as we have had to endure all the bad news of covid over the last 18 months why not use this to give us a boost. When we do get the results we will be full steam into the 3/4 well drilling program and Paraguay news will start filtering through. I expect a nice build in anticipation to those events .

Well if the selling continues might get a chance to buy at 2p again.

Not a problem for me , two months is nothing.

elland look at the rest of the infrastructure PPC has built up over the years , what would that all cost to build from scratch.

Ecclescake Undervalued on all metrics , WTI over $70 , 4000boepd + the list is endless.

RogueRiver i agree we do seem to have a slow take up of available stock, would be good to see a new institution taking a position , perhaps they will soon .

Up and running this month ( cost $5 million ) that is 1/8th of our MC , crazy low valuation. IMO