Member Info for elland

Is available on their website and well worth a read. Covers Paraguay and also updated estimated financials for yr end 2020, 21 and 22. Eg they expect gross profit in current yr of £20.9m compared to their estimate of £7.4m for 2020. Updated figures assume Brent at 60USD /bbl but no increased assumption for gas price. Anticipated current year end cash 3.6m USD. Increased risked NAV and price target to 4.6p. Paraguay success over 30% and confirmation that any additional well costs will be met by internal resources with no equity funding planned. Well worth a read Guys.

Well Fevertree. Let’s start with an update of where we are as a company financially. I suggest with winter gas prices in Argentina at a high and Oil doing well, pretty good. Then there is a 3 well Oil opportunity planned for second half of the year starting soon. I will ignore Paraguay for now although that looks like a free speculative venture. And I do know we have spent millions on Paraguay before now but that spend is reflected in the current low share price. I am confident and so are Peel Hunt

Cheers Northern. Someone had a decent buy today. Not me by the way. So we are where we are. Historic mistakes and a business based in Argentina both holding back the share price. Eventually even the sceptics will notice an undervalued business and my guess is the updated financials will warrant the expected re rate. I am holding, buying at under 2 20 and waiting for the inevitable profit.

My point exactly in a post earlier today. It cost £5m but it’s worth going forward much more and this is a fixed asset

Hi Northern.

Tough response to a pretty positive RNS but this still has plenty going for it. We need updated financials which will reflect the increased productivity and higher oil and particularly, gas prices. The treatment plant due to start soon and that is a really impressive investment for the future. Three new oil opportunities in second half of the year. A re rate will happen and it will reflect the improved financials.

Agreed. Great value. Under the radar and ready for a rerate when we read the financials after increased production and higher Gas/Oil prices. Currently worth a far greater amount on any case. Topped again this morning 100000 more but down as a sell

I don’t think the current share price is even close to reflecting the value of PPC Northern. I don’t understand why particularly after the progression so far this year. All this extra gas volume at “winter rates” higher than projected and with additional Oil production in the second quarter, again at higher oil prices than we have had recently. When updated financial info is released this must reflect in our cash and a re rate is on the cards. Add Paraguay to the mix and I am still confident here.

Just topped up again. Can’t believe that prices getting marked down so close to Paraguay news. Do MMs know something we don’t ? All the trades here today are buys but price keeps falling ?

So quiet. Everyone awaiting the news re Paraguay. This week ?

The Paraguay deal and Production results and the affect of higher commodity prices will drive price going forward. This is so underrated and there will be a sudden increase/ revalue of share price reflecting the increased profits in due course.

Just bought another 200k shares at a very low 2.24. One day very soon the market Will catch up and realise the value here. In the meantime it’s fill yer boots time.

Well put Northern. From my perspective that was a very positive RNS. I will be very interested to know the impact on income going forward as this may result in an upgrade in future profits. Paraguay may be the catalyst for the shareprice move northbound. I am still confident of multi bag from here and 10p by year end

Result will have put PL in a good mood. Hopefully nice RNS Monday to celebrate this great win

Just been on the Fincapp site. Their comment on 31 March states that they reviewing their projection of future profits and buy price and that they expect it will be higher than current 3.6p. Of course now sole Broker.

We expect Paraguay farm out, Rio Negro LB - 1002 drill result, the go ahead for 3D seismic for Salta ( Canada Grande and Puesto Guardian) and possible update of the “ multiple project streams” at Atome. Plenty happening before month end and busy work schedule thereafter. Happy to remain and top up my holdings when I can.

That’s hell of an investment. Three times the current value of the company.

So guys what sort of amount are expecting from the impending farm out re Paraguay ? How much have we spent so far in Paraguay and will the financial input take into account our costs to date ? I believe that the figure maybe quite substantial and that this lengthy farm out process, when completed, will be the catalyst for a much greater increase in the present low share price.

Hoping for an updating RNS on Monday

Momentum is now on our side. News flow will be regular and positive for short to medium term. 5p on Paraguay news and I still think that with higher gas and oil prices, 10p year end.

An hour ago 225000 top up. Not snowing Earlier trades at 2.39 buys not sells