Member Info for DRichi

I think we could spend days complaining about the SP's movement over the last however many years, and moaning about the reasons for it. But I checked the T&Cs of my investment ISA and it says "past performance is not indicative of future results" so that gives me some hope!

I think Nice2Michu calls it right when he says there's no point exiting at these levels. Question is where can the SP be in 6 months, and in 18 months time....?

A couple years back PPC published a roadmap, I think it was beginning of 2019, and the prediction was that oil production would double from 2000BOPD at 2018YE, to 4000 BOPD by 2019 YE, then 7000 BOPD by 2020 YE. Well, they're still at 2000 BOPD oil at the moment (although plus 2000 gas), but the plans laid down then still could work albeit a few years later. There's E&P drilling in H2. Planned workovers, a waterlogging thingy to reverse depreciation, 3rd party debts nearly all paid off., and the POO is back over $70.

If a deal can be finalised for a farm-out in Paraguay, and the H2 drilling campaign is a success I think (hope) the SP will be trading in the 4-5p range by end of this year. I'll sell some of my investment then, but if there's a play in Paraguay I'll leave one million shares here just in case they do actually strike it big and it's a game changing amount.

One out though, I think I'll stick to blackjack down the casino, and the gee-gees, much safer investments than this wild west AIM malarkey!!! ;-)

Same principle as the Chairman of a football club appointing a 10th manager in 10 years, after dismissing them all. Or the chap now divorcing his 5th wife. There comes a point when you think maybe the managers/wives/brokers weren't completely at fault for the perceived failings

Definitely a waiting game at the moment; 18 months of oil prices north of $70, no 3rd party debt, production ramped up by workovers and waterlogging, a new oil treatment plant due to start operations in June and a few exploratory strikes in Argentina & Paraguay and the SP should be very different. How different, who knows, but, I'm hoping it'll make me a rich man by end 2022....

Well the Paraguay farm-out was going to be signed by end of April, then it got pushed back to early May and there's no news yet, so perhaps H2 does start on May 20th in PPC's irregular calendar! ;-)

Jokes aside, I am optimistic that the drilling campaign for oil will return good results and add some oil to production which will have a much bigger impact on the SP than gas. As for Paraguay- maybe the last RNS meant to say early June rather than May...

Oil up. It would make sense if the SP of an Oil & Gas company followed suit...

Traders bullish on ooil - https://www.ft.com/content/83b10e14-d143-4951-a315-cd4170320ac3

Fevertree man- if you go back another couple of years the SP was trading in the 60-70p range and IIRC it even reached 90p. So yes, in the last 15 years the SP has been destroyed. This is primarily due to share dilution.

On the flip side, production has gone from 400 BOPD to circa 4000 BOEPD. 3rd party debt is nearly all paid off. Production costs per barrel have been greatly reduced. PPC has diversified into Gas, and also now renewables (although we don't know quite how/where yet), there's a chance of exploratory drilling in Paraguay, and in the 2H of this year, there's drilling in Argentina.

Looking at the history the SP has performed terribly. But the company is now profitable, and has many irons in the fire to exponentially increase profits, which should make the SP rise significantly. I'm hoping in 18 months time this company is in a very different situation, and the SP is well into double-digits. Need quite a few things to go right for that to happen of course, but you never know, it might just all work out......

The waterflooding is a good example of a typical PPC RNS. Really good news that they can use waterflooding and increase production, this is positive for production which will become positive for the SP. The waterflooding will reverse the natural depreciation of the wells flows. But the RNS doesn't tell us how much this depreciation has been, so we don't know the full story. It's a simple thing, but it would be nice to have monthly production figures posted on the President website, split clearly between oil and gas.

I'm sure we're all frustrated at the huge dilution which had the impact of destroying a lot of value of investments here. As a result of this there is a long way for PPC to go to gain market trust. So far this year, we have been told good news, gas production increasing, but we have not been told the full production figures, so we don't know if these increases all increase the bottom line, or if there are offsets vs depreciating wells. Past experience suggests that there will be offsets. Also, the SP has risen since 1.5p but is still in the 2ps because it is only gas at the moment. For the SP to take off will need a lot more gas, and some more oil added to production.

Atome, the drilling campaigns, the refinery overhaul, even Paraguay, there are reasons to be optimistic. Unknown total production figures, more potential share dilution, past failures meaning that we shouldn't count any deal until it's signed and delivered, all reason to be cautious.

It's a bit like when Sven was manager of England, "1st half good, 2nd half not so good". I'm invested here, I want the SP to go up, so I write about the positive aspects, but it does help to take the full picture into consideration and have a balanced view. All that being said, I expect Atome to become the worlds leading hydrocarbon green energy producing company, PPC to find more oil in Paraguay than they have in Saudi arabia, PPC's existing assets in Argentina & USA to increase production tenfold, and the SP to be 4p+ by Christmas! You never know...... ;-)

The frequency of the RNSs, so far all with good news, on time, within budget, flows greater than expected, selling for higher prices than anticipated, lots of different workstreams and opportunities. This feels like the company is in a very different place to where we were a year ago.

Has to be good news on Friday really. It's going to be 15° and sunny, so a Paraguay result will make my lunchtime pint(s) taste that much better....

Resistance at 2.84, and then at 3.32 apparently. http://www.stoxline.com/uk/stockuk.php?s=PPC

Very much on an upward trend now anyway. Think PPC have been doing much better this spring with more regular RNSs and updates. Of course it's easier to talk about what you've achieved when it's on time, on budget and exceeds expectations. Long may that continue! Now, next up, let's see what Paraguay brings. ..

Great result for LB1002- with projected income from it of 200k pcm, that's 2.4M a year. Which is very significant as a % of PPC's income. 1st half of year for gas is going very well. If the 2nd half of the year when they are drilling for oil can be anywhere as near as successful as this the SP will be very different at YE.

Ps. Called an RNS today correctly, just got the topic wrong. Maybe next week for Paraguay....

Maybe the Paraguay deal has been signed by end of April??? Maybe a game changing super RNS to be released at 7am tomorrow and the SP can open at 5p....

Or not. Let's see. I reckon it'll be a done deal and an RNS out by next Friday. Maybe a few days of decent price rises 1st

At the moment the Atome page is empty, and looks likes it's been set-up in order to register the url. They have appointed people to the board though, and it states, "ATOME is a new alternative energy company formed to focus on developing a green hydrogen and ammonia production business."

Given they've stated a target, I would imagine they have a rough idea of how they are going to achieve this. Might be a total waste of time for PPC and just be a drain of money and resources, or it might turn into something big. Hopefully there'll be a few more RNSs to put some meat on the bones here so we can find out what's going on...

Another 12 million odd shares then to be issued across the 2 dates. There was a time when that quantity of shares would make a real impact on the SP . Now, not so much I guess

https://www.atomeplc.com/

Coming soon......

Is this the last tranche for CGC? The SP has seemed to hold back, dip a little before each subscription date. Be good if they're all in now, and no further dilution

The Atome bit, and diversification into renewal, green, ethical energy might help bring in some institutional investors who otherwise might have to steer clear of oil & gas. Although I expect O&G will always be the main classification for PPC, so maybe it won't help after all.

Too true, AParky, too true.

Still, seemed a decent enough RNS to me, increase to production greater than expected, and all's still set fair for Paraguay. Play on...

"Progress continues "Onwards and both upwards and downwards as the case may be". - PL having pun at the end of the RNS there. I think that 's the kind of thing that would only be done if there was good news in the pipeline for shareholders. It suggests that he has his confidence back. Or maybe I'm reading too much into it? Made me smile anyway.