Member Info for fiveeights

50% for a two well cost would be more than acceptable to me. The $150m spent is not coming back any other way. Assistance in lieu of further investment on PPC's part with the potential of proving Paraguay is all win for PPC - obviously strike the best deal they can but if the deal is$10m or $20m investment for 50% then where do we sign. Remember the entire Mcap is only £32 - £36m

When looking at where the price is now, it is helpful to look back to pre PF/EV - Summer 2017 prior to group production was at best 1000 - 1100 bopd.

The PF/EV deal was announced on 21 Sep 2017. The day before the shares closed at 7.2p giving a market cap of £74m. At today's price the and allowing for the issue of new shares the MCap is £36m so down a tad more than half since then.

Yes this is a long time ago but prior to PV/EV deal there wasn't much to write home about and being generous group production was about 1100 boepd, oil price was not too far from where it is today - not sure about gas. Producing assets in US and Salta which was far from plain sailing. Obviously it still had its legacy assets such as Paraguay but there was little hope of anything speedy happening there. Yes we can rage about dilution but Mcap accounts for this and as you can see, the company is unrecognisable from pre PF/EV and yet it's value has halved.

A valuation is a difficult business but very broad brush and based on what we know now I cannot see why this shouldn't be valued at £72m rather than £36m

It does feel like the battle of buyers vs sellers is at a turning point. JBER have been in control of this price throughout the back end of 2020. If that changes then it could run higher without news

Would not be surprised if this 2p or over on the offer tomorrow. Would not be surprised if the lion's share of the Berenberg rump has now gone. If there is other positive news early 21 on reserves, Paraguay and operational update then it will take some holding back IMO. Resolved not to sell a share below 3p

IFC rump now cleared from their book?? That would be a fantastic out to 2020 for PPC

JBER still the shop then

anyone know where Berenberg are on L2?

Growing strength to Farm Out negotiations. Just rejoice at that news. If it comes off and plans proceed to drill, there will be no holding this back in the run up and a successful conclusion is game changing by an order of magnitude.

wasn't it just. How could he not grasp that rather basic point. He seemed to know PL well so one can assume has been involved in Oil and Gas previously. The curtain slipped slightly there and exposed a void. He should come on here to brush up his knowledge.

Oh you must be the brains of the operation

Was anyone on this today? No link on twitter yet. - not a great sign. If PL didn't say something in Q&A about Paraguay I'm a Dutchman

I don't agree nothing is priced in for Paraguay. Are you trying to tell me that an announcement stating that discussions with
the unknown NOC have broken down would not result in a fall in price? I remain confident on positive a outcome - rising oil price and a looming solution to CV-19 doesn't do any harm to these negotiations either

I agree with that. By just sticking to the first 2 in your list and doing them well there is plenty of scope for a material recovery in the share price

Meaningful update. Should be higher. You have to say that their hard work on gas infrastructure pipeline and processing now looks as smart a move as they clearly thought it was at the time. If it's not moving as you expect at least the buys might be soaking up the seller. Paraguay update pre Christmas anyone?

not sure it's on the short or medium radar and they have enough on trying to get a deal away in Paraguay. Perhaps worthy of a question to PL at next Q&A or email

Salta, Arg Puesto G, Deep gas

Brasso - I think everyone knows the back story on this stock. I think everyone knows that if you've been in the stock for a number of years you have probably taken a big bath. The question is does the current mcap of £31m represent value. I think it undoubtedly does.

On the basis that posts outweigh trades by three to one, the market doesn't seem as concerned as here

I'm happy with his reply. I'd have preferred a price of 1.5p but support the incentive provided. The video post does give a comic insight into PL. Truly great salesman; listening to his robust defence of the modest employees working tirelessly for a greater good you could be forgiven for thinking there could be a red cross Christmas appeal on its way.

Comeonvog - if you are emailing PL might you also ask him to comment on the JBER / IFC mystery