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CTSFO

I really can’t see oil flowing until Q1 2025.

If I’m right then revenue won’t be coming until feb at the earliest.

It also seems only one rig will be up and running, so revenue won’t be massive with only 10% coming from one well.

Multiple rigs is needed and urgently

I’m still struggling to understand how they are going to finance the next 12-24 months

Burrows and the board will not stop filling the gravy boat up.

Why don’t they cut their wages by 80% and be given warrants to excercise at 35p if they feel the shares are worth 52p

Zag

Regarding the £600k

I don’t think anyone knows if the company has recieved the money or not .

If not, this could be where the sticking point is.

Accountants won’t sign off unless they can see a going concern.

Hence why smoke & mirrors RNS and time delays

Ssccss

It’s all guess work, but that’s my best shot at it.

Zag

For once I believe affrm is closer to the truth than your estimate .

For me I’d be looking at 2-3 weeks.

My thought on this is monetary and comments about rig being on site within weeks

NU

Most sensible post this week

Zag

You don’t prepare for 3 months

And then issues RNS to say they haven’t been on site

Zag

It clearly stated. The drilling company had been contracted to start work early August

If your a drilling contractor you expect to drill

Zag

You knew fully well what you was posting .

You just want to try and be smart and clever.

If you want to discuss pros and cons no prob

If you want to go down the same route as after that’s also fine

I presume having my post deleted you think your the leader of this little group now

F1Driver

That’s correct but ppp have to secure all deals and contracts and to reappear from suspension.

Until all unfolds there is a lot of uncertainty.

Especially after the RNS in July stating contracts signed and drilling rigs will be on site early August.

Zag

I posted that to pin my flag to the mast if it indeed comes true

The £600k may or may not be in the bank considering no shares have been issued

Y

RE: TRANSFORMATIVE upcoming 12 MTHS23 Aug 2024 22:08

I think the plan now is quite clear to see, the accounts are most probably completed but suspension has given PPP some time to sure up the ship, get their books in a decent manner, get the new website up, get prepared for the new market listing, as there will be lots of new regs to adhere to no doubt, it gives them a chance for Global to provide tests on current wells and improve flow rates, it gives a chance for our lithium jv to start, according to the RNS i believe there is already 300 shallow well targets, 28 significant wells from ESGY data and i believe the RNS stated there would be 2 or 3 test wells drills. There would be revenue within months, so theres plenty of good news to come our way, plenty of potential for us for SP re-rate and SP rise, from exploration, production, incoming royalties, future drilling programmes, broker notes and analysis etc.

I guess PPP will release a string of RNS leading upto coming out of suspension either in the days prior or all in one morning :)

This is an exciting time for the company and us shareholders albeit a bit nerve racking too. I cant wait for the RNS's to land but on the other hand its good as its giving them time to do all the stuff they need to for maximum re rate on returning.

If its what i feel it might be which is a lot of the above , with exploration targets and analysis, production etc, could and should be anywhere from 30p-40p upwards to anywhere it wants to go...

Given the new market is not aim and has massive buys, 250k, 150k, 100k etc it wont take this long before it breaks 50p and beyond IMO. Lets see.

I am excited though i must say.... !

GL ALL

there are many many posts like this from you affrm, how do you deny all this. a very sad man

Affrm

regarding me.

I am not a day trader. ( FACT )

I knew PPP was going to go into supension that was obvious.

you know nothing about my cards, no one does except 2 on here.

when a company makes an RNS and months later you get the feeling something is not right.

when the next RNS tells us the previous one is or was a lie, or misinformed us, you can feel agrieved.

But when a poster like yourself , posts hundreds of messages about what is happening with the company, and blatantly lies and forces his narrative on a board like this, then you need to be ashamed and be held responsibly for misleading information.

you Hammer your narrative and you dictate your thoughts and beliefs onto this board. you are the biggest ramper on any share chat on LSE.

a total disgrace who can`t admit his previous postings. early august you mentioned numerous times, suspension will be lifted in a couple of weeks, Mark my words you said.

Drilling has started,

revenue is coming in.

all lies with no proof. !!!!!!!!!!!!!

and this crap RNS has proved you have been wrong on every posting you`ve made.

This company has not had one oil well drilled.

has the person who said they will fund the company a few months ago, is he holding onto his money wanting proof the company will survive before he hands over his money ?

theres alot of mist surrounding this company in the last 3 months, and its not blown away yet. theres more to this RNS than meets the eye,

The two RNS contradict each other, thats a fact !!

what is actually happening behind closed doors, because something is clearly not right

Affrm

Posted in: PPP

Posts: 1,072

Price: 9.55

Strong Buy

RE: Re open 🔥🔥🔥🔥🔥🔥🔥🔥🔥12 Aug 2024 09:06

New Uncle - theres more than one well. Plus we have revenues for 30 years (Royalties)! We have REAL ASSETS, we have HUGE EXPANSION OF OIL WELLS and drilling started already! We have HUGE acreage with our new JV lithium deal (Watch this space this could be huge, already talks of big companies such as Tesla sourcing lithium locally, luckily for us they're new lithium and gas refinery is not far away at all! Nobody seems to get the potential here and the NEW deal just signed is fantastic....low number of shares in issue, this is going north.

I forgot to post this with my last message

affrm

your post from 12th august and trust me there are many like this .

you clearly say drilling has started, is that not ramping

you are so far up your own **** it’s embarrassing listen to your tripe

After

From day 1 I’ve questioned if any of the statement from the RNS has been completed

Not one person could tell me ( understandably )

But you have told us every day since beginning of August what you believe will happen.

Not facts, just your beliefs !

And the RNS today has proved all your beliefs wrong !!

That’s a fact !!

Since the end of March the company has been looking for bank statements,

What utter tosh ! The guy was still alive until June ?

But that’s been BoD excuse.

The bank will issue you all statements within days, so it’s a pitiful excuse.

So what is the real reason why the accounts have been delayed ?

Contracts were drawn and signed, we were told rigs will be on site within days .

They didn’t arrive, why ?

Excuse today total lies !

Contracts were worthless then ?

CTSFO keeps telling you all about money not being paid and shares allocated!

The BOD now says drill to be on site shortly , how many wells to be drilled, one ?

How long to drill, wire log and bring on stream ?

It’s got to produce oil for at least 5 weeks before an invoice can be raised,

Then how long before it’s paid, 30,45,60,90 days ?

Then it’s only 10% of total for PPP

March at the earliest before any payments, and that’s if they get their fingers out now.

But how much will PPP recieve in payments ?

Not a chance of £1m, the well will have to create at least £10m minimum the first month.

No way on earth is that achievable.

They will struggle for revenue until the summer irrespective of what they are going to drill

Affrm for Christ sake smell the roses

Sscss

The RNS in July clearly said

Contracts have been signed and rigs will be on site early August .

So which RNS is telling the truth, July or today ?

CTSFO

Your banging your head against a brick wall

Winning an argument against the stupid is impossible

Affrm

Total rubbish and ramping again

You’ve been ramping oil wells being drilled and oil flowing since beginning of August

Again telling us what you believe the board are doing when you clearly haven’t got a clue

Gregorio

Personally I don’t think it will delist.

But it’s been a shambles of publicity and stupidness from the BOD

So since March until now they’ve been looking for bank statements

What utter nonsense

And now we are told no drilling has been done, but we was told contracts were signed and drilling would take place in early August

Another lie.

Tom couldn’t lay straight in bed if he tried