Member Info for NicetoMichu

I've been in and out of this - mostly as a range trading bet, and done okish off back.. but always keep at least a small core holding - over a fair few years now James and certainly remember two ish of those big falls.. and understand this is illiquid and very volatile generally.. and of course this may have gotten way ahead of itself at 200p plus.. but 200 odd p to 40 odd p in 15 ish months is a pretty epic fall by most defs.... and I don't think there's been a raise in that time either, warrants exercised granted...and I may be wrong on that no raise, as i hold a lot of stocks at any one time and don't follow this remotely closely.. it has always been a small/smallish size bet in my p/f ... fortunately, perhaps :-)

I've only got 6k gbp in this and so am only mildly worried.. but the fall has been spectacular recently, even including bad to awful markets backdrop..

(I skipped topping up in the 60's and 50's.... and 40's likely too ..but would feel compelled to start topping up in 30's, if it goes there..and i'd really go for it if this went lower than 30p.. and then just be patient and hope they get good customer traction soon enough.. I've had to wait for a long time with versarien and Nanoco , but, like here too, I believe that all will get there in the end.. of at least two of three , and so, on average, I'll do fine over the - long - journey.. very hopefully anyway :-)

well posted trustlie.. but that 1st july exit date can of course slip somewhat as part of that game of poker.. still, even if it slips a bit, i'm still very hopeful of this deal completing sometime in July now.. which would be a great result imho..

So where are we at DP2001 and DP2003 ( and DP 2002.. whatever happened with it ) ?

The first two of these were live testing in Feb/Mar/April I think, and last update - I think - I saw on them was 20th April:

''Testing at wells DP2001/2003 continues to progress, with both already having demonstrated commercial production''

It's now two months further down the line again and they're not even mentioned in this Operations update RNS.

Instead I see a new bond issue for 3.5m usd more debt ??!!

In a ppc balance sheet context, these were expensive wells to begin with.. and are likely over budget now, perhaps way over budget?.. So what's the total expenditure so far on each of these at this stage, please.. and what have the production levels been per well in this - kinda endless - 'live test phase' please ? (And specifics on DP 2002 status too please)

These wells are very material - ie many milions- expenditure for a co the size of ppc.. So, again, what on earth is the current status on these Mr Levine?

Happy to stand corrected on any misunderstanidng / incorrctness in this post ( I don't follow this slock much nowadays etc..)

Generaly, my thoughts at this minute are please not another ppc.l cluster+uck... and thank goodness the price of O&G is high ( not very high alas, as it's Argentina) .. and why do I still even hold this stock.. (out of exasperation, I sold a grands worth at just over 1.50p .. it still feels a bit mad to sell some at this level, granted ....and for all sorts of reasons this could rally from here, granted.. but it could even fall further too, amazingly.... hopefully not for the loing suffering here.. but, at this second, I actually feel pleased to now hold only 3k gbp in this stock.. )

This is starting to make me sad and a little hopeless now.. At least I've only got 5k bet left in here.. thats now fallen to less than half that granted .. so I'm just going to sit and hope.. unlikely i'd add more back without seeing good news first.. but there can of course be plenty of good news in the next 6 months still..

( ps should have said Merger instead of or as well as 'JV' - as in Merger/JV - in my last post here, I've just noticed..apols.. I brought this up , as if no meaningful news in next 6 months, and after that interview i saw back then.. I'm guessing the CEO would be most interested in protecting his and his staffs jobs more than no 1 priority being his shareholders interests, shouldn't be that way but often is in AIM.. )

i'd want to buy it for a short ish term trading bet Davey.. the spike and then fall back that NoelS is talking about.. there have been a fair few trading opportunities like that here previously - I was in this for years and did some range trading within that and off the back minimised my overall losses significantly - if you're lucky/timed right you could even do 50 or 100% here and then cut and run..

oh deary deary me.. my position here is a car crash now.. oh well..

Pete has you feel like he's always been an achiever.... He's never actually achieved anything, mind you, but he's always been in with a shout.

We need something good to happen here asap, very please..

this BB is hilarious .. but a hatelful place too..

Still FK1 has been much more right - so far - versus anyone else posting here, and for such a long time now: Fair play

And off the back of his and NoelS's posting I've revised my re - entry target down here to under .5p now.. and am open to revising that down again too.. as the moon shot rocket might - seemingly - easily blow up on its launch pad, alas.

very sad state of affairs here.. but there's still decent hope of a licencing agreement on the nearish horizon here imho.. and that would be a total game changer..

(one - of a few- concern I have - from a previous CEO interview- is that if such licencing agreement doesn't happen in the next 6 months, they'd do a JV including delisting instead of looking to raise, wiping out shareholders completely.. although, if the s/p is catastrophic around then anyway, it could be academic to most shareholders every which ways at that stage.. so a licencing agreement in next 6 months is hugely required ..)

markets are awfulish generally and the timeframes on those two big - CC -deals getting over the line are slipping...

( But you've got to set punchy deadlines in Africa to get things completed even in a semi puchy fashion - that's 'punchy'/'semi punchy' in African time, not rest of world time - and it's more or less a given that indicated timeframes slip, whatever.. and even if far from punchy timeframes, they'll likely still slip, so the way save.l are playting this is the best way imho.. and these deals actually completing in July/August would be a v good result generally imho )

agreed that, versus fundamentals here, this fall is overdone, even allowing for punchy global markets sell offs..
If this goes to around 3.5p I'm going to start averaging down.... and continue, if further weakness again..

(this was very good to me last year.. I'm now a few k down so far this time round, but it's the houses money, and I'm happy to remain patient and am open to adding more here and elsewhere if/when blood on the street... )

-'i do remember quite a few years ago these rising 175% one day ,can't remember what for.''..
Probably the one time CB met a deliverable....

I vaguely remember that too Gixer, but would go with the s/p rise cause probably being some speil about something bottom line big going live imminently far more than achieving a deliverable :-)

I'll get my coat too..

I watched - via the posted link, thnaks - that presentation and the resourceS base here are of course appealing and progressive and in plenty of macro senses this is a great buy and hold bet imho.

But - for the nth time over many years - plenty of the same alarm bells I've outlined previously in my posts here went off in my head throughout that presentation.

So, towards focusing more on other stocks in my portfolio and less on this -after years of it going the way it goes whatever, I've finally come to understand it's not going to play out any differently whether I post my issues on this BB or not - I've now incrementally sold down to, more or less, the least I feel I could hold here - 60 per cent plus down from my peak holding here - and will just sit on that and kinda/mostly forget about this share, in the hope there will be a sale event at a decent premium to current s/p range whenever in the future.

So this is now a medium to low priority bet in my p/f and while that might change in the future it easily might not either.

Towards balance, I always like to try an offer something upbeat in my post too; so me posting a lot less on this BB from here on, will, I hope bring a smile to the faces of the -many - 'happy clappers' here...you're all very welcome ! :-)

And good luck to us all in our bets here and elsewhere, of course.

I hold zen too trojan btw.. and have plenty of hope for it .. especially at the current very low - imho - s/p .. but DYOR and all these shares are bets more than investments in my mind..

a nice chunk of their cash pile was paid to us shareholders in a - one off / special - dividend, a few years back in fairness ..

you need a longer duration chart Liquid1.. 12 iah years ago for eg this was over 300p ( and 10 years before that it was way - double plus - higher again )

PS: I'm in AEX too Trojan.. ( That's a Tanzania play ) I'm not the other two, so far at least..

very unusual mls.. and i had to double check my eyes weren't deceiving me..
momentum begets momentum...and here's to this s/p waking up from a far too low a level..

Thanks for posting that link, and there should be plenty of 'lonks' that stonk to post here in the coming months imho/hopefully..Trojan
(there are indeed a bunch of new opportunities in Africa O&G.. not least as many of their s/p's have been obliterated over the years.. )

Good for you if you're involved here now Trojan..

don't sell too early as there is now much larger potential for Bowleven becoming a very successful company over the coming years.. just getting to FID would be a transformational bottom line start for Blvn.. and that's only the start...

And nice to see the penny is dropping in the market this morning as to how transformational this Perenco move can be.. they're very serious players and not getting involved here for fun.... ( the s/p was so low that a big per cent rise today is barely waking up imho )

PS: Just look at a 10 plus year share chart for the potential of Blvn ..

full stop , in my mind..

and I look forward to this share price waking up now.. it's at an extraordinarily low level and has much potential to rerate substantially as we go from here now imho/hopefully..

And A strong start this morning and I topped up at over 3p near open..