Member Info for Kong1

No doubt another 10m sell being worked

Does anyone know how many shares the seller has sold

My calculations suggest he holds no more than 270 m

We must be very close to the end of these sells

Hi zag

If you just google the question all the answers come up.

The average oil well produces 16 BOPD over the whole of Texas

Even if PPP does ok and each well produces 100 BOPD that’s only 10 for PPP

I think delta has put a post up with figures and they are not far away

V111jas

Unfortunately I don’t view your opionon.

I believe the reason why it’s taken over 7 months is because they can’t get any investment.

The accounts are done. But the accountants refuse to sign them off due to the legal issues and probably lack of funds in the account.

As I see this. The average BOPD by any company working in Texas is 16 BOPD.

PPP will only get 10% of this so that’s only 1.6 BOPD per well.

6 wells will generate aprox 10 BOPD for PPP not a lot is it.

So who ever puts their hands in their pockets, how long will it take for them to get their money back ?

And I believe this is the problem the company has.

It’s not really viable

Muldoon

That is excactly why the counts won’t be signed off

The looney Affrrm thinks the accountants are using their abacuses at speed to finish them

I’ve finally decided to green box Affrrm

The man is simply here to spout his narrative

He will not admit, to reality or the truth what sensible posters post.

He moves the goalposts to suit his needs.

He can not back up anything he states.

He’s totally in denial with himself

He’s here only to disrupt the more knowledgeable posters on here, proof that he has simply no idea or concept of the reality this company is in

Therefore a total waste of time trying to liase with him

affrrm

how mentally ******ed are you

yes nu was indeed talking about ntog but he was talking about how much the wells produced in bopd

absolutely nothing to do with how many shares they have.

you’ve completely tried to turn my question into something totally different.

you are seriously out of your depth and you refuse to accept proof of the reality this company is in

you are seriously one sick person

you tell lies and try to mislead people on here.

Affrrm

I’ve just googled average oil production per well in Texas

Below is what I’ve just copied & pasted

The average daily oil production per well in Texas is 16 barrels, but production varies widely. Many wells produce less than one barrel per day.

Explanation

Factors affecting production:

Oil prices: A decline in oil prices can impact production.

Drilling: A decline in drilling new wells can impact production.

Stripper wells: A decline in production from low-producing wells can impact production.

Historical production

In 2014, the average productivity of Texas oil wells was 13 barrels per day.

In 2010, the average productivity of Texas oil wells was 6 barrels per day.

In May 2015, the average production per well in Texas was 19.6 barrels per day.

The RNS that NU posted the other day is not far off the above is it !

Again PPP is only going to get 10% that means 1.6 BOPD per well.

How many wells are they going to drill ?

How long is it going to take ?

How much money will PPP need to keep the lights on while revenue comes in

The figures are not stacking up.

You are in a deluded bubble, you have no concept into the reality of what is happening.

There’s a reason why this has been suspended for 7 months.

The reality is there is very little money to be made considering how much debt the company is in.

No one wants to bail them out because reality says they might not get their money back.

Get real Affrrm and smell the coffee

Affrrm

How thick really are you

The accounts have done months ago

The reason why the accounts haven’t been signed off is because the company has serious financial and legal issues .

Hence why the auditors haven’t signed them off.

It’s got nothing to do with the fact they haven’t been done.

Are you really that stupid.

Secondly what the hell are you on about millions & millions to be made .

In the history of the company Theve never made that or even turned that amount over in revenue, but now they are only going to get 10-% of revenue.

You are seriously one deluded totally out of your depth, person. With totally no understanding or wanting to believe what utter mess this company is in.

You are living in your little bubble made up of your fantasy that this little company is going to be a world leader in the oil industry . NU posted the other day that a similar size company to PPP working very close to PPP acreage, reported that 5 wells were producing only 120 BOPD between them.

And don’t forget PPP would not get 10% of this.

Where the hell does your fictitious valuations come from, or are you spacing out on lsd

Affrrm

What the hell are you on about you muppet

It’s got nothing to do with the accounts

The accounts are done, it’s the problems the company has

Not the accounts

Affrrm

Delta is in another league compared to you on knowledge.

He is way way in front of you

You have absolutely no idea,

Affrrm

You know even less than delta

The seller is still here

Huge number of buys at excactly 9am

Spread looks big

Makes me think MM don’t want the shares

Is the seller out ?

If anyone can make sense of this share dealing

Can you let me know ffs

More buys and no movement in price

Hepran/zag 

Couldn’t agree more 

Evans is accountable without question.

Every single issue that has created this suspension was all conducted on Evans watch.

Having said that we’ve now had 3 months of Lunn in charge and we deserve knowledge as to what actually is happening 

If an EGM is going to be called ( which I very much doubt, because if there was issues with Lunn, they would have done it by now and removed him )

We need to know what to vote for

They must be working a large sell as it’s not moved from 2p

NU

i`ve been hearing for the last 3/4 months that an EGM is being called.

its not hard if you have enough votes and dosent take long.

I wonder what is stopping them.