Member Info for comeonvog

As the SP move's slowly north , next rns..... well take your pick

1. H2, a further three oil well drilling programme planned at the Dos Puntitas field, Puesto Guardian Concession, Salta Province.
2. New 3D seismic data acquisition planned over Canada Grande ( The best wells in Canada Grande produced initially as much as 1,000 boepd from the clean A6 sands).
3. Paraguay Farm in.
4.New treatment plant and infrastructure set to start first phase operations in Rio Negro by end June.
5. Atome Limited, a new alternative energy subsidiary formed to focus on developing a hydrogen and ammonia production business.
6. Robust Group net 2P reserves of over 24 MMboe as at the year end with additional 9 MMboe of 2C contingent resources convertible to reserves on licence extensions.
7. Next drill results.
8. New gas well EV-1001 to be completed and projected to be placed on stream within 14 days ( RNS 30th April ).
9. President set to export oil at or around end April.

Nice to be invested in a pro active stock IMO.

As we now move into the fun zone , 3p before Paraguay is a cert.

This stock, and when we move into the 3's momentum will take over, It's not like we will be waiting for news like so many other stocks.

On what could arguably be one of the best trading weeks this year. The two year Historic graph starts to get interesting when thinking where we could end 2022, we drill for oil again Q3
" It is anticipated that the seismic work will be awarded before the end of June with work to start during Q3 2021. Discussions are taking place with rig contractors. It is currently anticipated that drilling of the three wells will commence at or around end Q3 2021 subject to all appropriate permissions being in place."

RogueRiver Calculators will be working over time as all this positive news slowly sinks in, we have been doing rather well. I still believe covid is having an adverse affect as with most O&G E&P company's , that could all change by year end with the chance of a return to global growth that you would anticipate happening after such a knock from the pandemic. PL could just have timed this right for once( more by chance than good judgment perhaps ) and plenty off bullet points to give us a boost at any time. ( think now would be a bad time to try and trade)
· Robust Group net 2P reserves of over 24 MMboe as at the year end with additional 9 MMboe of 2C contingent resources convertible to reserves on licence extensions

AParky Understandable and rightly so , least were not invested in HUR , what a disaster for investors ( though they have been warned )
Like this bit at the end....." that will deliver a substantial improvement in the financial position and prospects of President, 2021 compared with last year" Ramp ramp.

AParky Old concessions have been company makers for some, new drilling methods and 3D gives us an advantage to revive old fields. IMO

Nfortch The oil Q3 , treatment plant end June , ATOM news all infliction points.

AParky Oil wells next Q3 and 3D over Canada Grande and more possible well locations. Imagine a 1000bopd hit on one of those locations.

No wonder they went for the gas drills first, oil H2. "It is currently anticipated that drilling of the three wells will commence at or around end Q3 2021 subject to all appropriate permissions being in place."
And then we have this to look forward to......
"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."

Is slowly being released ....."Exciting and potentially transformational exploration is great and of value to have in our portfolio but it is this progress and the hard work of our people on the ground that will deliver a substantial improvement in the financial position and prospects of President, 2021 compared with last year"

Not long now, and we continue to see positive momentum from PPC the drilling never stops (EV-1001 ). I can go fishing now for a couple of days.

hopingforbags " Especially that freedom to just go , sod it fancy a couple of weeks in " That freedom was only obtained from generations of people who gave there lives so we could have a better life, something easily forgot by youth and the affluence of this generation. Plenty of panic spread by governments and press, it's really only science that have come to our aid. Nobody was predicting we would have our first vaccines so quick, and they will be improved. IMO

hopingforbags Like i said , we will learn how to live with this. The panic is over now to let science do it's thing and get the human race to comply with restrictions. Life will go on and COPL will come back strong. ;-)

wookiemonster But we will learn how to live with it that is more my point . High fuel costs will only add to the misery of third/second world economy's, POO at 60's is more workable to all. To low and no profit from producing country's to spend , to high , well we know what happens then. IMO

hopingforbags Personally i would not like to see POO over $70, last thing the world needs right now as we hopefully come out of this pandemic . Think we will be fine here with high 60's .

Tweets coming fast and furious, PL did say we will see the full benefit of this years work in 2022. Just imagine if the first well at Canada Grande pumps at 1000 boepd.

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.

We await Paraguay Farm Out and flow rate on the next well. Gas sales with price improvements to fund H2 oil wells drilling and 3D planned for Canada Grande soon to be announced.

Don't talk wet, the move will take years and fueled from OIL. hahaha

I just got some at 122.52, thks MM.