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Medanito has been protected at $55 but this should now be mirroring Brent as per "Further, the Agreement outlines that should international Brent pricing be reached and remain higher than $1.00 above the monthly Medanito floor price for 10 consecutive days, the Agreement will be suspended and international Brent pricing adopted. Should international Brent pricing fall below $45.00 for 10 consecutive days, the Agreement will be reviewed."

I too thought those tweets very intriguing and pondered the same question as you raise. I don't expect any significant announcement pre completion of the open offer. By significant I mean Paraguay partner or another Neuqu�n Basin acquisition. I did notice that in the latest Investor Presentation PL gave 600 - 800 bopd at PG last figure I had was 800bopd so not sure where the 600 came from as it is supposed to be going the other way. Also notice he said Paraguay next step was access to the Data room but I thought in the MGW interview he had already stated some access into virtual data room had happened.

I don’t think you were invited to take part in the placing.

Sounds great. You'll find me as the nearest to you on Grinder!

If PG gets to 1200bopd before the Argies are setting off their Xmas eve fireworks I will eat my sombrero

Macri can now move forward with business friendly reforms following strong showing in yesterday’s election. Should be good backdrop for PPC

The inevitable move down to the placing price

You have to take your hat off to Malcy. Called it at 6p when no one wanted to hear about out of favour PPC. I wonder if he still considers it undervalued at 12p. I do expect a drop from 12p with people profit taking on the back of a near 100% up lift over a few weeks. I still hate the fact that they promised and under delivered on Puesto Guardian. Where are my 1200bopd

Just rejoice

Lots more news to come on this. 16p before Christmas and another acquisition. Just wish they'd sort PG workover out. Don't like un-finished business. When they announce 1200bopd out of PG I am balls deep in - just on the reputational upside

Cannot paste a link but here are numbers Year ending December ($m) 2016A 2017E 2018E 2019E Data Sales ($m) 9.9 20.6 69.5 87.1 Adj EBITDA ($m) -4.9 1.3 25.9 46.9 Adj PBT ($m) -9.6 -4.8 9.7 27.7 Tax rate (%) 67 28 26 30 Adj EPS (FD) (c) -2.5 -0.4 0.7 2.0

That's great but you need a lot of flex and a very good bolt on to get to $50m EBITDA. Your calc is what $40m revenues. House broker forecasts YE 2018 $69.5m with EBITDA $25.9. Workovers alone will struggle to hit that. There must be another deal if the pipeline very near term. PL did answer YES and YES to that question by Malcolm

Interesting how he said there were majors in the data room re Paraguay. I noticed a move away from focus and emphasis on Puesto Guardian work over in his answer. Might be the right decision but I don't like unfinished business and failure to hit a target he set. To meet his stated aim of EBITDA $50 he will need to be adding acquisitions in the near future.

A good interview with a lot of insight http://www.corelondon.tv/busy-times-ahead-president-energy-announces-well-program-neuquen-basin/

Yes noted the omission of mention on PG operational update but this is encouraging news for PL. If completed this is outside the figures at time of acquisition and the new intervals is interesting as well. As always they have to deliver on the workover and again they have set a time deadline. Positive announcement today. Hope more comes out re PG when Malcy interviews PL on Weds

a lot of volume going through today for a no news day

Updated note out from Finncap this AM is positive. Workover success at a run rate of 1200bopd but not all wells on line due to time constrained commissioning of pumps. Talk of further acquisitions being considered and note Paraguay upside. Two other things questions from the interims. What is the collective view on the update given re legal disputes on DP1002? Also note they mention Paraguay period exploration due to expire in Q4 18?

Arg is as they implied at the announcement of 21 Sep ie 800bopd. Total 2300 to 2400 being 1200 P Flores, 300- 400 USA and balance P Guardian. They say a lot of strong works about PG but they need to get it on stream and optimal ASAP.

This is definitely poised well. The twitter feed gives off a confidence and swagger. Today's TR 1 announcement also curious in its timing. Last year they did an operational update and then the HY the day after. Remember the house broker has them at 21p target just on a discounted cash flow basis for its current producing assets only. They recently visited Salta ops with management 2where production is growing due to soon to be completed workover programme". Forecast adj EBITDA of $25.9m for YE 18.

Strange that PPC are officially tweeting this yesterday "Weekend reading, just in case investors have forgotten the potential of our Paraguay exploration blocks http://bit.ly/2wEKbYS (ppt d/load)" Is it interesting that they want to bring it to our attention a few days out from HY results?