Member Info for DRichi

Agree totally. Plus, don't forget the workovers; successful workovers in Estancia Vieja could add a significant amount to the Reserves, and increase the BOPD in Production. This might just all work out very nicely.....

"President's Neuqu�n Basin 2P net reserves increase by 66% to 8 MMboe. Argentine total 2P net reserves now 26.6 MMbboe." Good to see the impact of the workovers confirmed in the RNS today. Hope to see more positive news from the current workovers soon.

Generally a cross listing (on a secondary exchange) will not mean any new shares issued, just that the shares will become fungible so that we can buy or sell on both the London and Argentina Exchanges. (E.g Buy on 1 & sell on the other). I've seen this before but usually the other way around. E.g. a company based in a smaller marker from Argentina to Zambia say, takes out a secondary listing in in London or New York, as there are so many more investors here it will significantly increase demand, and therefore has a positive knock-on impact on the SP. P.s. 1 share traded yesterday- unexpected RNS this morning. Coincidence?

Testing of the shut-in Estancia Vieja Field is underway now, so maybe an update from there is due soon... Any good news would be welcome...

...at 10.47, this is very likely to be a top secret MM signal that means an RNS is imminent and that the SP is likely to increase 10x this week. Or not. Probably not I suppose. But still funny to just buy/sell one share.

Agreed- the SP doesn't make sense right now. Hopefully it'll kick into action soon. Maybe some successful workovers soon will be the trigger.....

Good that it made Malcy's bucket list. "The other inclusion was President Energy where I advised investors to buy into the raise but having gone well above that price have now come back to it, if it was good then it is better now. The acquisition of assets from Chevron has been a master stroke as workover success has already been announced from Puesto Flores and the new intervals tested have been every bit as good as suggested. PPC is seeing a significant increase in cash flow and margins and is well set for a very good year, indeed only last week I reported in the blog that their January numbers were a record."

I was worried that the SP had dropped on leaked bad news. This Op update is extremely positive, and I feel relieved after having read that. It even hints at PG getting to 1200 one day..... haha! Maybe.... Positive news, positive cash flows, and the next set of workovers commencing, surely the SP will take off one day soon.... maybe... if there's news of an acquisition too....

Good cash flow positive news. More cash = more acquisitions & more workovers = even more cash = No more placings??? PPC- increases growing with no share dilution. One can but dare to dream, and this share might just make me a lot of money yet....

The Neuqu�n Basin is 120,000 square Km. Puesto Flores / Estancia Vieja is in the East, whilst the Estacion Fernandes field that Gazprom might be buying is in the West. It looks like Estacion Fernandes has a history of producing oil, and has been used by several companies including Apache. The relevance to President? I don't know.

12.45p hey? That's a tick up. Two days now- every trade has been a Buy. Mostly small trades, but still, nice to see.

No? Oh well. Regardless of how the technical calculations are done then, if PPC could get oil out of the ground it would have a very positive impact on the SP. I am hoping/expecting the SP to triple here based on Argentinian workovers & acquisitions. Anything from Paraguay really would be a bonus. Also to be clear- when I said 7000+ BOPD by the end of the year, I mean the daily rate then, not the avg daily rate for the year, as that will be significantly lower due to current production figures.

Big Blue Sky thinking. PPC has 25 MMboe proven. That is what the company's NAV is based on. The 2016 drilling in Paraguay in the Pirity and Hernandarias Concessions was estimated hold some 3Tcf and 440MMbbls (equivalent to 940 MMboe). If President can work out how to extract that oil then the reserves go up from 25 MMboe to 965 MMboe. That's a big jump! (Think what that would do the SP). Also- EV used to produce 18,000, not saying that it can get back there again (obviously not) but dpo think EV can make a significant contribution to PPC's balance sheet.

I'm talking total group Production. PF, PG, EV, in Arg + Louisiana. Current PF- 1700, PG- 800, US- 300 = 2800 Workovers bringing more online PF 1000 + PG 400 +EV 1000 Purchases 2500 BOPD (based on PPC having aprox the same amount of cash in the bank earmarked for acquisitions as they paid for EV/PF) = 2800 current + 2400 more from workovers + 2500 from acquisition = 7700 BOPD. My figures are based on Operational updates, interviews with PL, and personal correspondence with PL; but I stress that these are just my guesses, so I could be wrong. It could be less, or well, hell, it could even be more!!! You pays your money, you takes your chances.... ;-)

Based on what we know about the Argentinian workovers- I think 7000 BOPD would be a par achievement for 2018. That in itself should push the SP up to 30p-ish Paraguay? Anything we get from there is a bonus. I'll cross my fingers and hope, but I'll need to hear definite news before I'll consider adding that into any of my prospective NAV calcs.

I particularly liked; "(PF) delivered in spades" "2018 programme fully funded" "once past 12p the SP will really start motoring"

I appreciate the SP movement is more news based than charts, but on the charts there's resistance at 11.25, past that it looks like a good run to 16p. Increased Production, increased oil prices ($64 per barrel for Jan I believe), gets on Malcy's bucket list for 2018. I think that there's enough wood in the fire to keep this SP moving upwards until the next news which should hopefully be another push up.....

Peakview- �5k profit on a 10% rise just on your top-up! That's a big top-up. Good confidence. I'm 100% certain that there's a much bigger profit to come on PPC this year, so keep holding, good luck & forgive my impatience.... Ps. 2-1 wasn't bad. The important thing was the 3 points.

from 9.5 at Close Weds, to 11.25p Friday afternoon. Decent I guess, right direction though, certainly, but still a little bit underwhelming nevertheless. Let's hope it can keep rising for a few more days next week. I predict it will stop at 12.5p-13p levels till the next news. I'm also predicting Bournemouth to beat Arsenal 3-1 on Sunday. My predictions don't always work out though! ;-)

Thx. Guess PG will get to 1200 in it's own time. Currently producing 800 BOPD so not bad. This RNS though, was great. Cost payback changed from 12 months to under 3 months. PF Production now 1700 BOPD. More workovers in PF in Q2, and initial results from EV at the end of Feb. Definite snowball effect here, successful workovers = increased production = more money to fund more workovers/acquisitions. Going to be a good 2018....