Member Info for DRichi

President have been grossly undervalued for a long time. A lot of Buys coming in this afternoon, is this because with the 100k Seller gone, we've finally hit the bottom and the correction starts now, or is some good news coming, or will the SP fall back tomorrow???

News is due certainly. Let's see what happens....

Well, for weeks there was a 100k seller daily, but the last 100k sell trade was last Wednesday so hopefully all those sells have stopped. Decent Buy of 314,186 shares today. Maybe we are peaking round the corner....

Fingers crossed anyway.....

Agreed. And hopefully the news will come like London buses, quite a few in a row. PG, PP, Las Bases, Gasline, Q1 production, acquisition(?), Louisiana.....

According to President's book of work for 2019 we have a lot to expect. Ain't seen nothing yet though.....

Understood. Well, PPC is now se-ven pence!

Doldrums: refers to those parts of the Atlantic Ocean and the Pacific Ocean affected by a low-pressure area around the equator where the prevailing winds are calm. The doldrums are also noted for calm periods when the winds disappear altogether, trapping sailing ships for periods of days or weeks.

AParky- hahaha! Thank-you. First President message that's made me smile for a while now! :-)

It was a flippant comment. I appreciate that there are not 5 billion barrels of oil lying around the place in the Neuquén basin, hiding behind a bush or a rock somewhere. Anyway, it is good news that there might be that much oil, even if President's ownership would only be of a small % of it.

Also- what else is there to type about? Another 100k sell today; no news from any workovers, or exploratory drills. No news of acquisitions. No update on getting the gas to market, and no production figures for Q1 yet. Only news so far this year has been share dilution. I really hope PPC comes good, but this waiting is frustrating....

"Neuquen Basin cited as 1 of 5 super basins on Vox Markets–less risky revenue generating enterprises attractive for smaller companies–mentions @PresidentPlc as a player in Neuquen. IHS Markit believe super basins still hold potential to produce an additional 5bn barrels #Argentina"

Taken from PPC's twitter feed. If President were to find this additional 5 billion barrels of oil, then maybe the SP might go back up a little bit.....

Ps. If there really is as much as 5 billion barrels worth of oil in the Neuquén basin, surely it won't be that hard to find!!! Let's see.....

need some good news soon to change the direction that the SP is moving.

Hopefully the Q1 figures can do that.....

some workovers and Production increases would be nice to see.

Also, Monday is April- how hard would it be for President to release an RNS stating total barrels of oil produced per basin for Q1? I think that information should be readily available, so should be a very quick job to pull together and then issue a statement. Would be good to see some total Production figures.

President Energy (AIM: PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in South America, is pleased to announce the appointment of Whitman Howard as its Joint Broker with immediate effect.

- Now, I don't really know anything about Whitman Howard, but hey ho, the old brokers haven't done a lot of good for the share price, maybe this one can.....

The Production increase over the last few years has been fantastic. The plans going forward are impressive, and should see lots more significant production rises. And the SP performance has been rubbish. So with more production increases, no more share dilution, and a new Broker to help move things along, maybe President SP can get going soon.....

Important to remember that this refers only to Rio Negro in Argentina, and that there should be further good news from Puesto Guardian, And Paraguay and Louisiana.

"In addition to the above programme which relates only to the Company's Rio Negro assets, planning work will continue in parallel for the drilling of up to two development wells in the Puesto Guardian Concession, one exploration well in the Pirity Concession, Paraguay, (President 100%) all targeted for end 2019/early 2020 and up to four exploration wells at Jefferson Island, Louisiana, (President 20% and operator) currently projected to commence by mid 2019. It is anticipated that all such work will likewise be funded from the Company's own resources."

Agreed, roll on Q2, and hopefully workovers increasing Production, Gas going to market, and some exploratory drilling in Louisiana and Argentina. All of these should boost the share price, but hey, it's PPC and I've said that before and been wrong.

PL's ownership has been 29.9% for years now, and remains at that level so that he does not have to make a takeover bid. I think any talk of taking this company private is based on no more than hypotheticals so not really worth talking about.

Wales to win tomorrow. England to beat Scotland and finish 2nd. Best bit of news this week has been Tuilagi resigning for Leicester. Roll on the World Cup....

In the open offer Directors bought:
Peter Levine - 16,200,000
Rob Shepherd – 453,250
Warren Levy – 818,287
Jordan Coleman – 869,275

These are all substantial amounts and are adding to the Directors existing holdings. It means that the SP performance will matter a lot to them, and our interests are well aligned.

that may or may not have more chance of making me a profit that President today; Angels Breath looks a very good e/w chance at the 13:30 today.

44M new shares have been taken up of the possible 81M that were offered. That's not a lot over half of what President were hoping for.

Means there's more money to help speed up Gas to Market production and other workovers but not as much as President had hoped, so things might take a bit longer. Also means that the Markets appetite for more President shares is not that great, which hopefully will mean no more dilution.

Shares will be admitted to trading tomorrow.

Stockable- very good post, very balanced. I'm in the same situation & agree with you totally.

FinCapp have reiterated their target price of 19p per share. Wouldn't that be nice....

Disappointing. I really hoped that this year with President making significant cash each month, that it would have enough funds and not have needed to resort to this.

Shares will be admitted for trading 15th March. Maybe the SP will start to tick up by the end of March.....

NM- Good spot. Do you (or anyone else) have access to the mergermarket article with details on this?

Further acquisitions - there's two built into the 2019 presentation template. Be good if one comes soon. Be very good if it's fully funded from existing cash flows.