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I think the Argentine profits & Reserve figures will be a combination of oil & gas. (Mostly oil and a little bit gas). We should see a breakdown of what makes up these figures in the detailed accounts that will be released later.

Argentina 2022 profit greater than $19M. High interest debt to be restructured to bring interest rate down to zero. Green House child company gearing up well. Paraguay on target to spud in May.

That's four pieces of good news in my book, and the SP drops. I read the RNS and was expecting to see a decent SP rise. What a frustrating share.....

Another iron in the fire, maybe this one will turn white hot, and well now, Molecular Energy has enough sticky fingers in enough sticky pies for one of them to get hot and for us all to get burnt!*

*Sorry- think I'm getting my metaphors mixed up there

11 trades this morning. All Buys. 6951 shares bought. SP up 10p.

Today's trading so far:
Sold Vol.15,514, Value £20,530.76
Bought 11,734, Value £15,732.27

Sells outnumber buys by just under £5k, and the SP has dropped by 17.5p (11.67%). If a 5k Buy moves the SP up by 17.5p, then a £250k buy would add £8.75 to the SP, taking it over £10 a share. Anyone friends with a Fund Manager who would like to invest and give all a little helping hand?

Putting aside the fantasy Buying in, the point about today's trading is how even low trading volumes can move this SP significantly. Here's hoping the soon to be published full year results will be better than expected and the Buying volume can increase accordingly

Unfortunately I agree with most of Ecclescake's post, and to be fair there's a lot more disappointments, frustrations and bad news stories that we could recall from the last 10 years. To add my own quick review: in the last 10 years MEN (formally PPC) has gone from producing 250BOPD to 2500BOPD plus now also gas. Each year, us PI's have been given the message that this will be a transformational year, that this year the company will strike big and the SP will rocket. There have been drills, workovers, new acquisitions, last year a rebranding and spin-off companies and the SP has plummeted.

However that is a review of past performance. Looking forward, PortfolioPower is right to say that even with, "an exceptionally modest PE of 2 this could be 350- 400p+" Based on production, turn-over, EBITDA, this SP is significantly undervalued. But due to it's history of failures, the market probably needs to see significant and sustained performance improvement before it's reflected in the SP.

I really think the bottom has been reached, and there's a long road up. But I've thought that before and been wrong so fingers crossed this time it can work....

Up another 10p so far today, that's a week of 5p, 10p, & 15p a day rises. Long may this continue......

15p rise, 13% rise. What a nice blue day. More of the same tomorrow please. RNS tomorrow maybe?

Atom is up over £1 again now too. Nice to see Molecular Energy on the up. Next stop, up, then after that we can go to 'and away'

GLA

Maybe there's some news in the pipeline? Seems odd that you can't buy MEN. Hopefully this is a sign of a higher price to come....

so total profit for the year 2022 should be $22-24M. If that is the case when the accounts are posted it should give the SP a decent lift

For BP & other Oilers- https://www.bbc.com/news/business-64544110

Probably BP don't have most of their production in Argentina though. Maybe a lesson for the MEN BoD in there somewhere....

Let's hope so.... I think anyone investing at these prices should be able to make a pretty good return...

The commencement of drilling is in May and it's expected to take 40 days. So that's July. Also worth noting, the PPC board thinks today 3rd February counts as January, so could be further slippage....

We are not amused.

Update was promised by end of January. I was expecting an RNS start of play today, but I guess it's only just coming up 6am and the sun hasn't risen yet in Asuncion, so we may yet hear something before February.....

Although of course it does seem unlikely that a South American central currency could be set-up overnight, so this might not be a solution that MEN cold use anytime soon. D'oh!

Brazil & Argentina are looking to create a common currency, the 'Sur' similar to the Euro.
https://www.ft.com/content/5347d263-7f24-4966-8da4-79485d1287b4

If one of the challenges that has been holding PPC/MEN back is getting money out of Argentina, then this will solve that.

RNS update due this week. Expect it'll be a short, "everything is on time, and under budget" msg.

"MEN has been informed that the designated drilling contractor expects to complete the procurement of the drilling rig in Paraguay in the middle of next week and the drilling contract is being signed in anticipation subject to completion of formalities.
The necessary repairs and inspections referred to in the Company announcement on 7 December 2022, are expected to commence next week with the objective of the spudding of the well by the end of Q1 2023. The Company will advise the market as to progress at the end of January 2023."

Next update by end of Jan, hopefully spudding by the end of March. With the war in Ukraine and the price of oil, a new commercial discovery opening up a new country could be massive, could be an absolute game-changer, dreamt the investor sipping his drink in a saloon called Last Chance......

Paraguay spudding in Q1. Fingers crossed this goes ahead and is a big hit. We need this to go well.....

In Q1 2023, MEN will be taking steps to significantly reduce the interest and debt owed to IYA. - Well we've being complaining about the levels of debt and the interest rates being paid for years and years now, so if this can be reduced that will be a real positive for the company.