Member Info for G_G_G

Bit of a tick-up in volume. Either there's a decent buy or sell order that is being worked at the moment given the amount of share purchased at / near 32p. Reckon it could be that Norwegian outfit still selling down if I had to guess. If it is them the selling will stop at some point, and there will be quite a run if good news lands. GLA

At least your moniker is accurate.

That 250k buy earlier in the day is what got the sp moving. Put some decent buying pressure behind this share (couple of +2m volume days) and it will move very quickly. Reckon it will sit in the 30's for a little while longer unless we get some good news on Casc decline rates next month. If / when Casc 2&3 get hooked up end September that's when this share will do one of its 30-50% moves in a matter of weeks. Good day. Feels like a few people are starting to wake up to the value on offer. GLA

Not much, but at least the company is buying back its own grossly under-valued stock with the huge cash buffer we currently have sitting idle. Would like to see minimum 100k purchases moving forward.

Also if we have a continued seller I don;t understand why the company doesn't use the BB funds to pick them up in an off market transaction. Surely this is a better way to do things, and will support the sp far better.

Nice to be back to break even, although some profit would be nice :) My O&G stocks have been battered the past 6 months.

SirMark, are you part of a boiler room crew? No worries if you are. Easy pickings here given very good story, over-sold, and low mcap.

Nice to see a few buyers returning.

I meant Diverse Investment Trust i.e. the RNS that I missed. Fwiw I was actually a buyer last week of 2 x 100k at around 9.25p.

I missed the RNS showing another II selling down. Explains weakness (on top of AECO). They offloaded quite a chunk as well.

Can;'t see this breaking out of the 9's for a while if they're still sellers. And if Premier are sellers then it could get a bit bumpy over the next few months. AIMHO GLA

Agree, I think we'll slowly start to creep up from now. Once we get a couple more pennies then it will start to climb up people's radars and there will be a greater appreciation of what comes next if Casc wells deliver near forecast. Problem is the whole sector is bombed out on the lse and AIM. I've got 2 x other AIM stocks on even more ridiculous valuations - i3e and PTAL. I'd say PTAL is the riskiest investment of the three due to country and environmental risk, but it's crazy where the sp sits right now given production levels, poo, and circa USD$100m net cash position.

If Casc decline rates stabilise somewhat and mgt can confidently state they understand the geology then back to high 30's. If Casc 2&3 deliver at / near forecast then mid to high 40's by year end. So I'm going with +50% withing 6 months. PB of course needs to deliver in this time without any f@ck ups. Easier said than done on this point. First hurdle cleared now. GLA

Great news. Another 2 months and everything is settled. We'll officially be a much bigger company, with a lot more cash from ops flowing. At today's sp we're worth USD$100m for USD+$40m from ops. Pretty good multiples given the cost and value of new Casc wells.

Hopefully some good news on Casc decline rates in a couple of weeks and we get a nice run up to 40p before we hear about the Casc 2&3 and future development plans.

Time to move onto the next milestone. Lots of news over the next 3 months.

Haha, god that's dumb of me. Thanks Ayecuramba.

What's the start of the link janedoe? Anyone know anything about today's vote?

Don't we have funds owing from Petroperu...?

Certainly good to see this back up and running. If they push hard with production over the dry season they can potentially add some incremental volumes via ONP and push deliveries above forecast 13kbopd. Surely worth putting a couple of thousand bopd via ONP...

Any news on today's outcome?

Exciting day coming up. Looking forward to having this acquisition signed and sealed so the company can move ahead with plans for the remainder of the year and beyond. Once this is done we have 3 months of waiting for Casc news. Hopefully the next quarterlies will show slowing decline rates and a better understanding of the geology. Acquisition first. Quarterlies in a couple of weeks. And then the big one end of September. Lots of news between now and then. GLA

i'm going with +50% in 3 months if trin closes and casc delivers near forecast. market will then start believing pb again and get excited about company prospects. year end i think we'll be in the 50-60p channel. what's guaranteed here is some good news on casc 2 & 3 and this is going to explode back to 40p. very little resistance and low volume the past month or so will see us get there immediately.

issue of course is we may get some ****house casc news wrt decline rates in the very near term. if we continue to see the same rates, and get a continued sense that mgt have no f@cking idea on the reasons why and how to address the issue, then we could stay here for a little while longer. worse still is we could drop further with pis ****ting the bed. not long until we find out. aimho gla

I also sent an email lse a little while ago but haven't heard anything back. I did have a go at them about the confetti shares mgt award to themselves, lack of PR / company promotion, and how they are not doing enough by way of increasing shareholder value, so that may have been a reason for their silence. Providing there aren't any more erosion control surprises we should be in for a good quarter. POO +$80, production comfortably averaging +18kbopd (inc 131), dividend +10% yield post withholding tax, +$80m cash. Struggling to see the sp issue here. Would like to see something new being announced as well - update on Ecuador transport route, drill plans for dry season, another acquisition surprise. Either way they need to remind the market of the investment proposition here. Even announcing when BBs will re-start should help. Got a nagging feeling there's something they are not telling us though. Some big sells going through lately. Better not be any nasty surprises from mgt in a couple of weeks. GLA

Agree on the divi. If you took the time to read my post Tony you'd see that's the case. DELT comment just another example of you being a small man.

3LBs, I think a divi cut would be the absolute worst thing they can do right now. They can afford the divi thanks to the recent asset sale, new loan facility (less restrictions), hedges, and buoyant oil price. They are better off announcing a lower NOI and Capex guidance, which I feel are already baked into the share price. They should also wait until Q4 to make any material adjustments to guidance, when they will have a better idea of Winter and 2025 AECO pricing. They def. won;t be getting above USD$70m NOI. But with a decent AECO re-bound they could get to USD$60m. Not a huge drop compared to the decrease in sp recently.

The market has re-priced the company based on lower NOI and production. It has not taken into account a lower dividend. Many are invested here for the income. If that gets cut the base falls from under the sp. And how big should be the cut? If they take 20% off the divi then expect the sp to drop by another 20% (re-pricing a 10% yield). Great for people on the sidelines with a lot of cash (like me hopefully). But you'll end up seeing a drop straight into the 7's if they do it. To be honest if they do cut the dividend then I hope it is done in August so I can then move cash across in the 7's (and not 8's). So I'd be very surprised if mgt go for the divi, but then again you never know. AIMHO GLA