Member Info for DRichi

There's 1.07B shares in issue. PL, Schroders, IFC, Michinoko and JP Morgan hold about 75%. That still leaves over 250million shares to trade.

That's not illiquid. If us PI's here hold circa 250M shares, and the SP goes to £1 next week, then I promise you the MM's will understand what liquid shares are!!!!

The price will go when more people want to buy more shares. Whether these people are II's or PI's or even people's pets with a bank account in Monte Carlo is no matter. More Buyers will increase the SP. Hopefully the programme of work this year will be a big success and attract lots more buyers. PPC gets more oil, makes more money, and the SP will go up.

I think the SP is undervalued, and will increase a lot this year. I'm holding.

President was producing 450 BOPD a couple years back, now it's 3300 BOPD, with a road map to more than double that this year (depending on workover & exploratory success and acquisitions).

The SP is rubbish. The company is undervalued. Maybe we will all look back in a years time and laugh at how obvious this was and joke that we should have bought more shares.

A find in Paraguay would be a 1st in that country and bring about masses of publicity. Increasing production in Argentina and Louisiana and cutting costs puts President into a stronger position. This surely will come good soon....

Nice2Michu - agreed that it would be very good to see some more II's come onboard. That would dramatically improve the SP for sure, but I'm not sure how easily that's done...

Stockable worked out that the Paraguay shot would cost 6 months cash generated by PPC. With the SP performing like this, it makes me think that Paraguay could be the best chance to really help the SP increase.

Just checked a different conversion table that said flow rates of 160m3 = 1342 BOPD.

Still, if President spudded a well with flow rates of 1342 they would probably choke it back a bit and when the figures are released total group production would probably only increase by 1000 BOPD anyway, so the guess is close enough! ^^

160m3/día de petróleo = 1000 BOPD. So would be a decent sized acquisition. The location fits well with the existing fields, President have done good business with Chevron before, so agreed; if Chevron is looking to sell, and the price is right this would probably make sense for President.

An independent reserves report shows that in the Neuquén Basin reserves rose substantially last year, 1P was up 82% to 8.1 MMboe and 2P was up by 41% to 11.4 MMboe fully justifying management investing in the area. Overall Argentina was up 6% to 15.4 MMboe whilst overall 2P fell as the company concentrated its capex on the Rio Negro fields rather than the lower valued Salta Province.

These numbers justify the activity in Neuquén and the recent acquisitions and we can expect increases at the Las Bases and Puesto Prado acquisitions as well as significant increases in gas production. Overall this puts NPV 10 numbers up substantially and management estimates the Group’s net 2P reserves value on an NPV 10 basis of nearly $300m. (including Louisiana but ignoring any exploration resources) ‘This represents an approximate 200% premium to the Company’s total enterprise value taking into account its current market capitalisation and total gross debt of approximately US$30 million’.

The work that was put in last year is being franked by independent reports that prove the strategy at President to be working well. If this years’ extensive activity with the drill bit is anything like as good as last years then the President rerating still has a long way to go.

BigSmoke- The 1 share trade has happened at least once before with PPC that I know about. It happened end of Feb last year and was followed the next day by an RNS so maybe is actually a signal.

Very good RNS. We were expecting it, but still a 90% increase on the Newquen 1P Reserves is very impressive. Market reaction a lot less so.

It's 9:40 on a Friday, only 2 & half hours(ish) before I can have a pint, so trying to look at my pint glass half full, let's see this rubbish SP as a damn in a river and this RNS as downpour upstream that adds to the water pressure which means when the damn breaks it will start flowing freely and the SP will rocket.

Maybe news tomorrow; I wouldn't want to be out of this overnight!!! (Jokes).

I think the true spread is 8.85-9.05 at the moment so the 2x 100k trades that just went through are (probably) Buys.

Looks like the 1 share traded last night wasn't a Market Makers signal then. Oh well.

Sure this will come good another day soon.....

On a macro level it's Shale, and also many Fund Managers are moving away from Oil & Gas to more environmentally friendly and ethical investments. Whilst morally I'm onboard with that, oil will still be needed for a good few years yet, so be good to see some more big investment in President.

NicetoMichu- 100% agree, that sometimes selling up seems like the right thing to do. Huge progress for PPC since 12 months ago but yet the SP is lower. Really frustrating.

For me, I'm giving it 2019 as one last chance. The planned Book of Work for this year is massive (certainly compared to previous years), and the upsides in Production, Acreage, Reserves are all very significant.

Here's hoping that it does get a re-rate soon....

Looks a tough break for Echo, but probably unrelated to PPC.

I notice that PPC has just had a 1 share trade, therefore I am completely convinced that this means the MM's were taking down the SP yesterday to try get a few more shares on the cheap, before a 1 share signal today meaning super-doopa news tomorrow that will increase the SP 10x

Or not. ;-)

But a 1 share trade might mean something.....?

just checked in now and saw a 7% rise, so thought this was good, but off a 8.5 close yesterday!!! What happened there?

Back to 9.1p. Still rubbish price. Very undervalued. Hopefully one day we can get excited about some proper rises. Re-rate off the 1P reserves update coming in March, and some further boosts off successful workovers, gas going to market, a big acquisition funded from the free cash flows, and then some big hits with the exploratory drilling in Argentina & Paraguay later this year. Then this share can be like the Outhere Brothers and go BOOOM BOOOM BOOOM!!!

Wouldn't it be nice? It could happen....? Hopefully.....

Plans for works in existing assets are on page 10 of the presentation on the company homepage.

H2 2019 looks super busy. If President can do this then I will be very impressed indeed and the SP should go up significantly...

https://www.presidentenergyplc.com/wp-content/uploads/2018/12/President-Energy-Presentation-December-2018.pdf

Good point. So if the rumours are true, we can expect an RNS by Tuesday COB.

That's about 20 million shares. I would expect an RNS confirming once the selling has stopped.

Hopefully once Michinoko have stopped selling the price can start to pick up....

Brent (futures) not looking like it'll get to $67 a barrel anytime soon.

https://www.cmegroup.com/trading/energy/crude-oil/brent-crude-oil.html

But 100% agree with you - President's SP should be significantly higher than it is, and it is very frustrating that it's not.

Thanks- the trade volumes do look (a little bit) better on that market

What's the PPC.GB.PL page?