Member Info for DRichi

"Argentina, where recent moves by the government to ensure high prices have made the country perhaps the top place globally for E&P activity right now." - Well, certainly looks like PPC has it's Ducks in order. :-) Last years Results out on 26th May '15. So maybe this years on Thursday. Headline News to read "Better than Expected Results, Goldman Sachs re-rates PPC to BUY! BUY BUY!" Or not. Probably not. But hey ho, be nice if it brings some (positive) attention....

Stalemate is a daily rise of 18p!!???! I wish all my Investments could have a few more stalemates like this..... ;-)

Very good that the Argentinian Gov will subsidise Gas prices, and very good that Argentina is aiming to stop importing liquefied natural gas in five or six years. Hopefully PPC can boss this market. News this week would be nice.....

Friday 13th- 437p Monday- 456p Tuesday- 456p Wednesday- 473p Thursday- 459p Friday- 471p (Not quite at Close yet though) If it closes at 471p that's 34p better than this time last week. I hope to post the same msg next Friday, another 34p weekly rise= a closing price of 505p If only AIM was that simple hey??? We can but hope.... ;-) GLA......

San Pedro is frontier E&P high Risk. An M&A with AMER is definitely a possibility. Things could get interesting here then..... and even if San Pedro is a miss the data capture is still good because it will help map out future drills in the rest of the basin? - That's something I suppose. C'mon PL- let's see the plans. What's goin' on? Last night I dreamt of San Pedro Just like I'd never gone, I knew the song.....

Thx for the clarifications! Happy New Year! Haha! And Abbot Ale, not a bad call. Suffolk beer right? More of a Badger man myself, had a few Tanglefoots whilst watching B'mth lose last night. Still at least Monks Stand came in by a few lengths; win some, lose some. Yous pays your money you take your chances.... Price of Oil is up pushing $50 now. Argentina coming back into the World's economy. But one big macro story I've seen today that might have an impact is that, Fund managers shun UK stocks, and Allocations to British Equities fall to lowest levels since 2008. Good news will see more PI's invest and push the price up a little (hopefully), but for really big increases to happen I would imagine that we would need some serious Investment. I.e. By Fund Managers prepared to take a Risk. We probably need to see June 23rd before that can happen. And before that PPC should release 2015 Accounts, and hold it's AGM. So that's three things that might have an impact on the SP in the next five weeks. Or they might not. Would be nice to see at the AGM a Roadmap to Value creation. Schedules of well workovers, and a proposed timeline of new exploratory drills. I know we do know this anyway, but be good to see it reiterated and timelines updated/reconfirmed. Just re-read some of the research from a few years back: "Including the Jacaranda prospect, PPC have an inventory of 25 structural prospects and leads currently in Paraguay. If just one of those hits the shareprice will be 80p (according to the Edison report), who then state, "This value is indicative at this stage; success could see multiples of this value realised"." Since then PPC have taken a larger % Holding as well. It's not quite Wild West prospecting, but the principles the same. Might make a small profit with increased Productivity in Argentina and continued success in Louisiana, but to strike it rich PPC will need a decent find. Bring on Paraguay.... GLA..........

Plus.... Both the SP and the 50 MA are heading towards the 200 MA. Looks like they will cross PDQ (this week or next) and when this happens, normally things do take a pretty good tick-up (so maybe the £5+ prediction is possible....) MA(50) is 431.57, the MA (200) is 435.61.

Bid 497.50, Offer 464.25. That's a pretty big spread. Still Mid Price of 474 is a decent +ve increase today. Another 17p increase tomorrow and Thurs and this will be £5+ at some point on Friday. Based on the reading of yesterday & today's charts that seems a dead cert, no??? £5+ on Friday then is my Prediction. Simples. How hard can this investment game be??? ;-)

Should it not be, "it's not the lack of ammunition that will kill you, it's the spears"??? And bears of course. Bears can kill too (although I have it on reasonably good authority that they are rarely sighted at Rorke's Drift). Ps. What does HNY mean? I can't work that acronym out!!

Fair play for calling me out on last Friday's (slightly) over-optimistic view of the world. I do however reserve my right to view things through rose-tinted glasses on a Friday afternoon after one glass too many of red at lunchtime. Also, invested too much in here to lose, so really is a fingers crossed, glass half-full, pretty sure it'll come good one day, keep telling yourself that, type of thing.... Ps. Though, I do still think this will come very good one day. But then I also think B'mth will beat Utd tonight, Monks Stand will win the 13:50 at Lingfield, England will beat Sri Lanka next weekend, England will win the European Championships, the UK will vote to remain in the EU, and we'll probably have great BBQ weather all this weekend. So I do tend to err on the side of optimism...... ;-)

So Saudi, Russia & US all suffering. $3tn debt!!!! I'll re-type that; $3tn debt. Bondholders suffer $150bn oil price hit. Again wow, what a huge loss. I mean, probably they were numpties for investing in GKP anyway but still. Ouch. Huge debts, huge losses. And a move away from traditional Oil superpowers. In this context, PPC, cash on the Balance Sheet. Production Costs decreasing, turning a profit in Louisiana and Argentina will be profitable by end of 2016 too. And more (already funded) drill to come in Paraguay. Regardless of the SP now, this is a very well run company, and I feel confident that when things start ramping up that we have the right people in place to maximise possible opportunities....... I love it when a plan comes together! ;-)

Has just sent me articles on all the following. I'll just copy paste headlines, as (for me anyway) it's interesting in understanding the wider macro-economy. Who are the winners and losers in the oil price crash? The oil price crash started with acute concern about a supply glut after Opec, led by Saudi Arabia, faced down US shale producers in November 2014 by refusing to cut output. Now, amid China's economic slowdown and waning global growth, the oil price looks like staying lower for longer amid fears of weaker demand. Offshore rig operators reel from oil price rout. Seadrill, Ensco and others report losses as producers curtail costly projects. Corporate winners and losers amid the oil price crash. Airlines are beneficiaries of cheap fuel but consumer goods groups are not getting a big boost. Oil price: 'Shot in the arm' misses economic target. A lacklustre global economy is yet to reap the benefit of consumers spending less at the pump. Saudi Arabia loses oil market share to rivals in key nations. World's largest oil exporter suffers setback amid low prices US oil and gas sector reboots to survive. Groups have cut costs to the bone but some with large debts risk bankruptcy. Oil and gas: Debt fears flare up. The $3tn debt mountain following the sector's borrowing binge threatens further destabilisation. Amid the oil price crash, Rosneft is running to stand still. Russian oil sector badly needs to invest to maintain output. Bondholders suffer $150bn oil price hit. Investors have suffered losses of at least $150bn in the value of oil and gas company bonds

is what I just paid my Broker for some more of these. Jeez, one day this really better come good............ Well, I guess like Frank Turner, I Still Believe..... (although my patience is like my hair these days, getting thinner....) GLA!!!

Little fall, bounce off 7p, hopefully back up again. Waiting on results and news.... Wider marker seems to have minimal impact at the moment. Wild fires in Canada greatly reducing the amount of barrels of oil per day produced there, new Saudi Minister for the first time in a looooong time, oil prices look like they will continue North (in part helped by both those two things). Argentina's continued re-integration into world economy is +ve. Potential link with AMER, let's see but could be a big boost. Argentina wells getting workovers. Yep, big pay days are coming soon for sure, probably about to come just over the hill with Godot!!! ;-) So whilst we wait for that...... You don't need a penny just to hang around, But if you've got a nickel, won't you lay your money down? Over on the corner there's a happy noise. People come from all around to watch the magic boy. Down on the corner......

Up 4.06% back to 455p which is still a less than I was hoping for. Will continue to hold. Funny old share really, bounces around a lot. If you knew the right time it was going to turn would be quite easy to make a fair bit of cash trading it whilst it bounces around the £4something to just over a fiver mark..... Easier (and safer) just to hold did she goes North properly though. Hope she can tick-up 17.75p every day next week too......

Level I at 8p and Level II at 9p. Does feel like we are trying to test that barrier. At a wild guess, she'll break 9p once next week, then drop back, then break it again & the 2nd time it breaks 9p we'll be heading back up to 16-18p trading range for a while.... (before the next journey up).....

Merger?? Where is this rumour from? What details can you give us? Looking at Amerisur, it has 1208M shares in issue @30p a share = £362.4M to take it over. Not sure PPC have that much spare cash in the bank/down the back of the sofa!!!

SP now back higher than any time in the last six months. Hope it continues to climb, and gives us all something to sing about! Keep posting Baysil. - Appreciate your analysis, and CCR references of course! This is a slow moving Share so it's not like there's new news to chat about every day. I have a feeling this will be next seasons Leicester City of Shares. All solid Argentinian well reworkings,1-0, 1-0, 1-0, 1-0 points/price keeps going up, then Paraguay game changer next season, there she blows, oil oil everywhere, and PPC in the Champions League with Shares held largely by Institutional Investors (and PL), there's a lack of Liquidity here that means positive news will have a positive effect on SP multiple times. Yep, for sure all Investors here will make a very decent ROI one day....

That's two potential reasons for Tick Ups then. As Basil Brush would say... Boom! Boom! RE: Argentina Well workovers. There were 2 successful in Jan & 4 in March, so then expectation for any May RNS is confirmation of another 2 or so successful workovers, which are under-budget, paid for by cash generated within Argentina Operations, and result in a significantly higher # of BOPD being extracted from said sites. Which should all result in a little upside for the SP I think (hope). Oh, and Brent is now $48 and rising.... maybe a 3rd reason for an increase(?). The stars are aligning....

Looking at the Charts, the (Daily) MA200 is 7.97, and the MA50 is 7.03. If these continue on their current gradients they will cross in aprox 2 weeks time. I.e. That's the time to Buy/will be next decent Tick Up. The RSI is currently at 59.04 so no signs of Overbuying yet. But the levels of Trading that we are seeing on PPC these days are so low that it must reduce the significance of the Moving Averages. Any decent news here, and more could be traded in a day than in the previous six months, which would have a huge +/- impact on the SP accordingly....