Member Info for comeonvog

Could be in full swing this time next year ( extra barrels )

RogueRiver Always traders selling on news specially when you have over 2 billion shares. Yesterday was good news, plenty said it would never happen but it has and we no the drill will take place next year and projected to be in H1.

steven49 30% cos is about standard. Look at the prize for around $4million outlay , i like the it.

Brasso3 no wonder we got interest to drill if that's the case. As far as i'm concerned that money is gone, there is no accountability of that in our SP so for me this is a free drill .

Brasso3 is that from your calculations or from figures given to you from PPC.

President has achieved its objective. Significantly, current winter spot gas sale prices in Argentina are US$6.5 MMBtu, much above expectations and a marked 182% increase from January 2021 prices. This will help pay for the well.

We have the 3/4 oil well drilling program to keep us interested in h2 , time will fly.

thks Ecclescake.

risk reward is off the scale with this deal.

At last and at only around $7 million to PPC ( before the $4million ) worth the 30% cos .

DRichi Yes we wait, but that's the game were in. I still believe covid is having some affect here as the numbers are not good ....
39,652 new cases and 744 new deaths in Argentina , think that is a record high .

We drill for oil in H2. I said in jan we were 6 months behind , our time has come.

stew200 ye i'm pig sick of it , W-T-F are they playing at. We need some information to base our investment on .

"Under his directorship the Company has developed significantly in terms of its client proposition, its geographic reach and its resilience as a business."

Well we could do with more evidence that this is indeed happening, time to start emailing they need a good kick up the a@@ re PR IMO

Got to say i agree with both your posts , the history with this company is terrible to say the least but i do believe we are now moving into a totally different phase . As i have posted previously i think having Trafigura involved as a main share holder helps to that affect.

Well nothing is priced in now.

"The average gas prices realised by President for the first five months of 2021 are running 40% higher than for the same period in 2020. Spot gas as at today of US$5 per MMBtu is 100% higher than at the same time last year."

kld1 i agree , but just to have conformation we will be drilling put's us in a stronger position. We will no longer just be classed as an Argentinian operator ( i know we have the Louisiana ) H2 we drill for oil, three well's that's what i am looking forward to and news re ATOM.
"So whilst recently forming President Nuevo Energia SAU, a new renewables company in Argentina to consider opportunities in that country, President, after careful research has determined that it is appropriate to step out in a more concrete and definite direction."
"The Company has formed Atome Limited as a UK intermediate holding company focusing on developing a hydrogen and ammonia production,"

Later in H2, there is a planned 3D seismic data acquisition programme over a formerly prolific Canada Grande field within the Puesto Guardian Concession, Salta Province to find new well locations to target and drill the productive A6 sand there. An initial land survey by potential contractors is currently underway. The best wells in Canada Grande produced initially as much as 1,000 boepd from the clean A6 sands. If the data indicates commercially viable well locations, then it would be President's objective to drill in Canada Grande following on from the H2 drilling in Salta.

I wonder if they will contemplate using it here, that's if they can do it in the A6 sands.

I wonder how many wells they can apply the waterflooding to at the Puesto Flores field .

"The results to date suggest that a wider long term application of waterflooding may be successful in other areas within the Puesto Flores field and it is this that potentially could have a material impact on incremental production, the extension of decline curves, estimated ultimate recovery factors, in due course reserves and importantly field life."

"The pilot programme will continue and consideration will shortly be given as to the possibilities and practicalities of rolling it out on an extended basis with other old non-producing wells being utilised as injectors. "

Could you really buy for 2.1p yesterday, crazy after the RNS on Monday.