Member Info for kld1

I am amazed that no one on this board thinks that today's RNS IS NOTHING SHORT OF A DISASTER, NOT BECAUSE WEVE MISPLACED 600 BARRELS BUT BECAUSE NO ONE HAS EXPLAINED WHY

Sucks PPC customer relations has fallen from 80% to 30% in one day bit like its decline rate

So comes in as originally expected ..........very sh*t news for start of year
PPC NEED TO TELL ITS INVESTORS BAD NEWS AS WELL AS GOOD NEWS
DONT TREAT US LIKE MUPPETS

I might be being stupid but can someone explain how

09/08/2018 Group production = 2700
Q4 Three drills
1 1000 choked back to 600 (540 PPC)
2 400 (360 PPC)
3 250 (225 PPC)
= 3300
SHOULD IT NOT BE 3825

Actually message for Rob Shepherd. Why hasn't flow rate been given for the secondary play.
Regards
Kevin

Would of liked to know the flow rate on the secondary play. Wonder what this new play will add to P1

Can someone who is a member get him barred?

No it is not all about Paraguay, Paraguay is the cherry on the cake for next year.
With a CAPEX spend next year of anywhere between 30 -40m of which possibly 25m is low risk it is quite possible we will be producing anywhere from 5500-7000 bopd. The shares are definitely undervalued, fair value more like 16p. Hoping for SP to be around 30p by end of next year without Paraguay. Success in Paraguay adds well who knows lets say 50p. Better than the bank.
In truth the reason for investing is all about management especially in this type of sector

AS above

For 6000 a day and a share price of 30 pence excluding paraguay by end of next year

Anything up to .125 is a huge buy as far as I am concerned

When all is done this 3 well programme could give us in excess of 1200 a day. Also give us new reserves and is moving P2 to P1. Fanstatic news

Great post Stockable. I have how should we call it played top trumps between these two companies and PPC WON HANDS DOWN.
Here and now given what will be occurring in the next 12 months you sell Amerisur and buy President ALL DAY LONG.

Please correct if I am wrong but
Although I doubt he does want to do it, in the core interview PL talked of the possibility of taking the company private.
My understanding is that to do this he needs 51% support
His holding is out of the equation leaving him requiring 51% of the balance ie 35% with II holding 42%.So almost all II would have to agree.
I'm not sure but would suspect that all things considered PL would by the end of this year have to pay somewhere between 20-30 pence a share (revenue/average of funding rounds)
Pretty sure he isn"t going to do it and I hope he see's no reason to in the future but how often do you invest in a company where the guy running the show owns 30% and has the ability to take it private if he so wishes.
Quite frankly and geo political risk aside people should be biting market makers hands off at 9 pence if they can hold for 2 to 3 years.
beats the bank!
Sadly I am long to the ying yangs and 50% down

That there is more to this than meets the eye!

In my opinion there will be no dividend on this stock for a minimum of 24 months and I don't want want one quite frankly until this company has a market cap exceeding 750m

Golden rule
Always invest in people first company second

I would rather it doesn't come to that and that we see the company grow as a public company and all make a good return

Was initially somewhat concerned but on reflection this is great it's basically an underlying bid for the company. If it were to happen cannot see for the life of me institutional holders agreeing for anything less than 18 pence. SO FILL YOUR BOOTS!

thanks guys your comments are much appreciated and i have to say the comments on this board are so much more mature than the rubbish i have been reading on adorn recently.