Member Info for DRichi

PPC lists in Argentina soon. As a UK based company, maybe Argentinian's could use this and invest in PPC shares to move their savings out of pesos and safe guard against high inflation. Or maybe the pesos depreciation means there will be a lot less cash to invest. Let's hope Macri sorts it out soon.

40% now! Argentina has raised interest rates twice in 24 hours. https://www.ft.com/content/af31b784-4f6d-11e8-9471-a083af05aea7 Now if my bank could do the same with my ISA that would be sweet! ;-)

in Argentina. The Peso has dropped about 25% in value so far this year. What is the impact of that on President? Presumably a lot of the Operating Costs (E.g. wages for employees) are in Pesos, so that would reduce liabilities on the Balance Sheet. Oil is sold in USD per barrel, so the impact is probably an increase in profit margins. Be good to see some figures. RNS soon pls.....

Be good to have some Operational Figures too. I.e. How many BOPD each field is producing, and the $ price it's being sold at. A very successful workover programme could maybe add 1000 BOPD. That's 25%+ increase in capacity, so hopefully a corresponding rise in SP.....

It's an interesting article, (got round to reading it after using lots of time reading about and discussing the Sainsbury's / Asda non-starter). Oil at $75, and I agree that the only way is up, at the very least, until Aramco floats. Political risk too- "Iran sanctions being revisited, Venezuela elections on May 20 and the situation in Yemen and Libya". Any (more) dramas there and there could be a huge spike in Oil price. Maybe then, PPC have sorted out the pumps in PG, and have a partner lined up in Paraguay, and are just waiting to release this news with an update confirming successful workovers in PF once oil hits $100 in late May. That would have a decent impact of the SP...... ;-)

some successful workovers would be good. Increase amount of BOPD. Then we'll hopefully get some nice tick-ups in the SP. 6-8 well program starts in May. Let's hope results are good, and PPC can deliver quickly...

3.5p maybe? Over 4p would be nice....

Mario Abdo Benitez was elected President on Sunday. Same party in power as before, but a new Leader. Same corruption, drug smuggling, open borders, inequality etc, but from PPC's viewpoint they are pro-business, and Mr Abdo, 46, is expected to continue a model championed by outgoing president Horacio Cartes to promote low taxation and foreign investment. https://www.ft.com/content/190f65b0-46a0-11e8-8ae9-4b5ddcca99b3

Is this just a correction back to 12p or is this something else? News leak perhaps? Deal imminent? Farm out in Paraguay? Acquisition in Argentina?

Brakes are off, good to see the SP rising. C'mon PPC c'mon.....

An update this morning from the Puesto Flores concession where PPC has been encouraged by the success so far and a combination of good production and higher oil prices, leading to increased cash flow, means that the company can move ahead with a programme �substantially ahead both of our original plans and our commitments to the Rio Negro Province�. This new programme of 6-8 wells starting in May follows a highly successful four well workover programme conducted at the end of last year which produced results �substantially ahead of management�s expectations� and increased both production from new perforated zones and reserves. The total cost of the workover programme is expected to be $3m with payback expected in under one year. In addition to this PPC has started an accelerated three development well programme, also at Puesto Flores, targeting proved undeveloped reserves in existing producing reservoirs. Each well here will cost around $3m and if successful have a mid-case payback of under 24 months. Finally, longer term tests are being planned for 3-4 gas wells at Estancia Vieja in June of this year with the aim of �determining the best way to monetise its gas as well and the extent of its gas reserves in that field�. President has come a long way very quickly with this portfolio in Argentina and should soon be able to have a significantly higher production earning decent money not long after initial investment. This is another play where the market has yet to match the share price with the continued recent success, let alone the increase in the oil price. With the shares still trading around the raise price of 10p there should be a significant move up before long.

" Six-Eight well workover programme at Puesto Flores to commence during May 2018". My expectation is that each successful workover = more BOPD = corresponding uptick in SP. Was hoping for an uptick in anticipation of this, but hey ho, if the Market needs to see the workovers being a success and adding to the dialy production levels before adding it to the SP, then so be it..... Agreed that Praguay drilling plus an acquisition would really kick start this SP. Keeping my fingers crossed for good news on both of these....

Solid RNS. Self funded. Company growing. All good. Onwards & upwards. Hopefully see 12p again soon...

It's been disappointing to see the SP drift down from 12p back to 10p on no news. Waiting for the next RNS now. Maybe good news on PG or PF or maybe even an acquisition. Hopefully some good news soon to kick start this SP....

Ps. The President Energy bit pf the interview starts at 9 minutes in. Good to hear his confidence.

Angelos Damaskos Fund Manager @ Junior Oils Trust discusses #PresidentEnergy sole exposure to #Argentina thanks to "transformative deal" Angelos Damaskos says #PresidentEnergy acquired assets at "extremely attractive metrics" and provides "tremendous #upside with relatively low downside" https://www.youtube.com/watch?time_continue=7&v=CJu71h8MiZs

200k shares just bought at 12p. Share price going up this week fo' sho'.....

Great RNS. - Live gas field identified with potentially commercial gas flows achieved � Three wells tested at Estancia Vieja field; two of the wells produced median rates of approximately 200 and 250 boepd each at a 6mm choke plus associated condensate with the top rates achieved at larger choke sizes of 300 and 520 boepd respectively � Pressure recovery tests were performed successfully indicating potential for good production � First gas production targeted for late H2 2018 The SP was still increasing due to last weeks positive RNS, this should add to it & increase the momentum. Maybe 5 days worth of steady SP rises this week.....

Re: SP predictions. I think the 2018 workovers will take it to 15p-18p depending on the success there. Acquisitions and any good news from Paraguay would also increase the SP, but there's too many unknowns there for me to take a guess at by how much by...

Today's Twitter- "CEO Peter Levine says the company will expand organically by exploiting the potential of its �highly profitable� assets and is looking for �the right� acquisitions going forward" My tuppence worth; there will be no Share dilution in 2018. The workovers are fully funded, and there is enough money in the bank for an acquisition comparable to Newquen basin purchase last year. Of course, if there was to be a bigger acquisition then more cash would be needed. Paraguay- PPC are looking for a partner there, so the partner should bring the cash. In short- PPC will be self-funded in Argentina, and a partner should pay for Paraguay so no new funding required from us, and no new shares issued.