Member Info for DRichi

The New Release yesterday said that the "initial two-day rate of 175 barrels of oil per day, substantially in excess of expectations" - So I checked back to PPC's investor presentation from November to see what the expectations were and the theoretical impact on the SP if those were met. But TBH, from the Presentation I wasn't able to discern what the expectations were, so am therefore unable to put a ££ figure on 175 barrels a day. It's another RNS then that has lots of positive words, but no positive impact on the SP. Dunno why but that usually seems to be the way with PPC. All investing is betting really, despite the SP dropping from 35p to 5p in the last 12 or so months, I still think this is a good gamble, even if I do wish I had gambled a little bit less and had a lower entry price! Also, I've heard a rumour about some impending good news: to assist with the drilling program PPC are about to sign a new manager who's great at taking teams down to new depths, Mr Jose Mourinho! *Groan*

"LONDON (Alliance News) - President Energy PLC on Monday said that its ongoing workovers of two wells in Argentina are progressing to plan and budget, with full workover results expected in mid-January 2016, and results so far are "very encouraging". The company said that production during well testing at intermediate steps in the workover and stimulation programs achieved an initial two-day rate of 175 barrels of oil per day, "substantially in excess of expectations". President Energy will make a further announcement at or before mid-January when the workover programmes have been completed and both the DP10 and DP12 wells have had a lengthy period of production." That sounds like good news to me. Or at least it is a statement saying that good news is now more likely in the future. Which is in itself still good news. And the SharePrice drops a little bit more. Funny how things don't always have the knock-on impact that's expected. Oh well, something's in life I guess are givens: like knowing B'mth are a better footballing team than Chelsea & Man Utd, whilst other thing are ponderables: Like if Pearl Harbour had been called Oyster Bay instead (not an unreasonable idea) then maybe the Japanese wouldn't have dropped bombs as they wouldn't have wanted to damage the vineyards, and the whole history of oil prices would be different and PPC would be worth £1 a share!?!?! Maybe. Or not. As the case maybe. ;-) Whatev's.... Results so far "substantially in excess of expectations" let the good times roll on soon.....

Lowest Closing price ever? PPC Shares on the cheap, roll up roll up, buy 'em now at a special discounted price. Buy! Buy! Buy!They're cheap as chips, cheap at 'alf the price, it's a deal, it's a steal, it's the sell of the ******** century!!!! Either that or it'll open lower on Monday.... I give up!

In 2016, with favourable results and a following wind the below could all have a real positive impact on the SP. The Argentina Reserves work programme will commence with the goal of achieving the independently assessed 2P field production peak of 4,500 bopd. In Paraguay- the Tapir drill is ready to go in the Pirity basin. And also there will be more exploratory drills in the Hernandarias block. Estimates of mean unriskedprospective resources for the 6 main prospects in Pirity and Hernandarias are 6 TcfGas and 482.6 MMBblsoil and condensate. I don't know the exact drilling timetable, so the SP may be static for a while for a while yet, but the drills have been largely derisked as a result of the 2014/15 drilling programme, (Eg. price can't drop anymore) and looking at the scale of the basins, and the amount of chances with the drills, one of them should strike it big & be a game-changer. Might not happen of course, but in the Oil Exploratory world this is a good a risk/reward bet as you could get. You pays your money, you take your chances. I'm all in. This time next year Rodney....... GLA!!

Dropped beneath 7p again. If as per the independent Fund Manager's analysis this share has a core NAV of 20p, with a big potential upside if Paraguay, Argentina etc ramp up, then why isn't this Share being bought up by Institutional Investors right now???? Also, it can't go any lower price surely? Thank-goodness Bournemouth smashed Chelsea at the weekend. Only decent Net return in my portfolio for a while....

but, still pretty confident I'll make a decent profit on PPC. Just won't be this year, and not looking much like it's going to be next year either. So moving away from risky Oil E&P companies, and investing my spare cash on something a bit safer for the moment.... got Bomo to win away at the Bridge tomorrow at 17/2...

"Following this transaction Mr. Levine's beneficial holding in the Company amounts to 117,834,586 shares representing 22.43% of the issued share capital of the Company." Is there a % when reached that means the majority Shareholder (in this case PL) is legally obliged to buy up everyone else's shares?

RBC have confirmed that PPC is worth a Core NAV of 20p per share excluding the exploratory work in Argentina & Paraguay which if goes well would see the SP revalued to 70p. It all seems so simple when you see it written down like that. Okay AIM, now follow PL's Presentations guidelines and let's have 20p a Share for starter and then let's see.....

Holding has increased from 60,599,671 to 65,262,405. Good that someone is buying! Funny old amount of shares though, I always buy my shares to the nearest 1000. Somehow it just seems neater.

As the subscription price is 7.075, and Bid is currently 6.5, presumably that means that although the Subscription comes into effect on Monday, none of these new shares will be sold as that would be at a loss. Which means we should see some stability around the 7p mark, and this SP really can't go any lower.....????? Would be nice to buy at the very bottom of a dip, but just a bit wary as I've called it wrong before. Any SP predictions for 2015 end, or 2016 anyone?

The Subscription is US$5.0 million non-brokered equity subscription through the issue of 45,801,280 new Ordinary Shares at a subscription price of 7.075 pence per share Following completion of the Subscription, the Company will have 525,320,628 Ordinary Shares in issue Application has been made to the London Stock Exchange for the new Ordinary Shares to be issued pursuant to the Subscription to be admitted to trading on AIM. It is expected that Admission will become effective on 9 November 2015

...22% chance on the Boqueron Prospect. C`mon PL & PPC, roll the dice, let`s play for big bucks; one huge strike and show me the $$$$$......

...but my investment here has dropped so much it`s not really worth much these days. Was half-thinking of topping up to bring my average down, but unfortunately I can`t afford to lose the cash if it keeps going down so no top-up for me. Still think this will come good one day though. Or at least, I still hope it will.....