Member Info for DRichi

https://www.presidentenergyplc.com/wp-content/uploads/2019/03/Presentation-Final-25022019-website-version.pdf

According to the February report the 1st half of this year PPC should have achieved:

Puesto Flores- Workover
Puesto Prado - Workover / Reactivation
Las Bases - Workover / Reactivation
Las Bases - Drilling Exploration

30th June is next Sunday. The lack of news suggests to me that progress has been delayed/going less well than hoped. C'mon President, let's have some updates, be good to keep us PIs updated.

Maybe PPC are saving some good news to release next week before the AGM? Some updates on the workovers would be nice. Need positive updates to change the direction of the SP movement at the moment.

According to the presentation posted at the start of the year on President's website; in the 1st half of 2019 there are workovers in Puesto Flores, Puesto Guardian, Puesto Prado and Las Bases.

I find the lack of updates on this very frustrating. Would be good if they could publish a Monthly Scorecard or something like that. Key achievements in the last month, planned work for next month. RAG it. BOPD figures etc. Some kind of basic MI.

Oh well. Half year and AGM coming up soon. Updates and news should come.... and fingers crossed there are some decent results to be shared.

Good note from Jonathon Wright at FinCap entitled, "The Transformation has Arrived".

It is noted that, PPC has the "lowest EV/2P barrel metric" (at just over 50% of the avg.) and the Conclusion is that "it is hard to reconcile these (positive) results with (negative) share price performance and the current valuation. We estimate President is trading at just 2.6x 2020 EV/EBITDA and over a 50% discount to our 20p/sh risked NAV."

Full article is here- https://researchlibrary.finncap.com/Research

Finals for 2018 and an update from PPC today and after a record year shareholders are entitled to ask why the shares have not risen substantially, this must be one of the cheapest, high delivering plays in the market and the figures show that in spades. Chairman Peter Levine announces a record year on all kpi’s with very impressive growth in turnover, adjusted EBITDA, profits and to nail the performance a free cash generation up by 500% to $21.7m.

2018 ended with net production of 3,300 boepd (1,900) with the average for the year up 103% at 2,279 boepd. With a production target at the end of this year of 4,900 boepd after a fully funded $50m 2019/20 work programme which includes 15 new wells, 20 workovers and pipeline and infrastructure investment designed to deliver a 50% increase in year on year exit production the future looks incredibly solid. The company are even putting a date on the drilling in Paraguay of late 4Q 2019 or early 1Q 2020 and are clearly excited by Jefferson Island in Louisiana which is deemed to be ‘very interesting’.

The report shows significant progress at the Puesto Prado oilfield and treatment plant as well as planning to increase gas production from Estancia Vieja and expansion at the substantial Las Bases gas plant in the ‘drive for material gas production’. Indeed, third party gas is already generating some $200,000 p.a. and is expected to increase. It also shows the net 1P reserves in Argentina rising by 6% to 15.4 mmboe with the higher value Rio Negro assets increasing by 83% to 8.1 mmboe.

There is no doubt that Peter Levine and with an incredibly strong team in Argentina is doing is quite incredible, not only building an asset base but putting together all the necessary blocks in a number of work streams. After all, from workovers to drilling, procurement particularly of long lead items and planning substantial jobs such as electrification, substantial gas plants and a huge amount of pipeline permitting and construction they are constructing real profitable and high margin assets. Whatever the market thinks of it at the moment and it has clearly not got the perception yet, a connected business is being built here for the future and it making a lot of money.

https://www.malcysblog.com/2019/05/oil-price-trinity-president-soco-sound-and-finally/

Agreed, the increase in volumes has been very noticeable (and most welcome).

Q1 Results due soon, plus 10 workovers underway that should be completed by end of June. I don't have any information on how these workovers are going but allowing for 100-200 BOPD additional from each workover should see Production at the end of June be 4500BOPD+

That should have a big impact on the SP. And actually the results could be a lot more successful that that....

There was a big seller all the way down to 6.9p, but looks like that stopped. Interesting enough there haven't been any Holding RNS's so looks like the it wasn't one of the major players.

Hopefully now, there not a lot to hold this back and the SP can really rocket....

GLA

expect the SP to tick up a little bit most days till then in anticipation of very good Q1 results, and then hopefully the results exceed expectation next Thursday and there's a big tick-up....

Let's see the Buy/Sell volumes today. Hoping for more Buys and another tick-up of the SP. Maybe PPC can have a comeback of Liverpool-esque proportions.....

Nice tick up, lots of news due soon. These should be the last ever days of PPC SP in single figures....

Roll on the £1 party.... (maybe).... ;-)

Thanks- Ohmetoe.

"23 May 2019 it will issue its 2018 audited Annual Results with highlights of Q1 unaudited performance as well as an update on current progress. The Company will be hosting a conference call for analysts and investors on the 23rd May to accompany the results, details of which will be made available nearer the time."

Hopefully the Seller has finished now, so that PPC can climb back up to 10+ this week and next, ready for a solid results RNS to send the SP north. Results out a bit earlier than usual. Maybe this is a good sign? Wanting to get good news out to market.....?

As at 28th Feb, Junior Oil held 4M shares in PPC (Information available on their Portfolio Statement). This is the same amount as they held as at 31st August (their financial y/e).

The monthly fact sheets don't give any details of Holdings, so we can only speculate about what has happened in March and April; but until end of Feb, they had not sold any of their Holding.

3 trades of 1,000,000 shares yesterday afternoon. Listed as sells, but who knows, maybe broker to broker trades, as I think if they were all Buys or Sells, there would've been a bigger impact on the SP.

Anyway, we should have another day of consolidation, maybe a few little more ticks up.

Confirmation of Production figures could add a penny or two.

Work in the Rio Negro basin detailed in the RNS posted by Stockable below should be worth more than a few pennies too. Plus Puesto Guardian, Pirity, and Louisiana too. All (if successful) should add significantly to the SP.

£1.6m's GBP traded yesterday. Was the Daily Mail article the only trigger for this? Maybe there were investors sat on the side thinking that this was a good investment but had to be sure the price had bottomed out before buying in, or more news to come.

Actually, we know there's lots more news to come. 1Q production figures should be confirmed soon. 2018 FY financials to come probably early June which will confirm PPC is profitable. Gas lines moved to production. Be good to see some RNS coming out on a regular basis now, telling us about the progress that PPC is making.

Fingers crossed for lots more blue days

Huge volumes of shares bought & sold today. Wait for close of business, but Id venture that this will be the most stock traded in a day since maybe back when President bought the EV/PG/PP assets.

Hoping for a strong finish....

Nice to see a rise. 17% looks very good. 8p is still completely undervalued IMHO. Will see some real rises when the production updates come in.

Good on the Daily Mail for publishing that! (And there's a sentence I never thought I would write).

For me, the frustration is backward looking not forward looking. After PPC went to 5p a few years back, it really was the bottom, then change of focus, purchase of PG in 2017 made a huge difference, took the SP back to 12p, the Dilution reducing it to 10p at beginning on 2018. Then a full year of good work overs, cash positive company, big plans, and further Dilution at the beginning of this year and the SP drops to where it is now.

Looking fwd, the plans for growth are fantastic, expansion in the US, Argentina, Paraguay, diversification into Oil and Gas, plus possibly further acquisitions. It should be all good, there are multiple chances with workovers and exploratory drills to add many pence to the SP, and go x amount of multiples from here.

Maybe it all works, and this SP goes flying high. Maybe this time. It might. But then again it might not. You pays your money yous takes your chances.....

Victor-I agree with your letter. Good work for being proactive. I will email you about joining this group.

Definitely don't want any more share dilution. Not 100% sure about share buyback though, as if that's mandatory would that mean all of us would have to sell back x% of our shares at todays SP? If so, that would you many (most) investors turn unrealised losses into actual losses. Anyway, all options to create SP growth should be explored before the best route is decided, so happy to contribute

Strachan, McAllister, Cantona winning the league back in '92
Radebe a few years after, with Tony Yeboah scoring crazy goals in his personal Goal of the Month dual vs Le Tissier.
Woodgate, Bowyer, Kewell early on this century having some cracking CL games (especially Barca away haha)

Leeds definitely have had some good teams over the years. Be good to see them back in the Premiership. We're waiting. Come down to Dean Court. We're looking fwd to the 3 points. ;-)

Maybe next week there will be some news and we can talk more about PPC. Till then, have a great Easter weekend. Cheers.

so I've had a little top-up this morning.

The plan was to be selling these shares at 70p+ now, not buying more at 7p. Oh well, pretty sure the opnly way from here is up, so should see a decent return soon....