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PL did not seem impressed with how the market values his company when asked the question by Malcy. You can't blame him either as they seem to be doing everything right, tbh i cant see where the rise is coming from either as the RNS today was good enough yet SP falls.

Total agreement here poor reaction from an otherwise decent RNS..
Majors are buying into Argentina lots of oil and gas and PPC is by far a better outfit tHan most small scale oilers and we go down ......crap

We also have an interview on core tv to look forward to as well and obviously the AGM today.
All appears to be ticking along ok but it does defo loom like the business end of all this work is September onwards.

Didnt read to bad second rig bought in by the looks of it to keep the drilling programme on track. President still on target for year end on 4900 bopd by year end , alot of this reads from September onwards things will start to get interesting imo.

Will the SP respond hmmm lets see.

Morning all RNS this morning

Probably be wearing her turn coat .

I see Malcy has done an interview with PL today so will prob be released tomorrow hopefully with an RNS giving an update o workovers.
I have a question tho which someone mentioned off twitter, does PL have plans to take the company private?

Well if we get a good RNS tomorrow and share price has a positive response then i will be selling just not getting the feel good vibes off this company.

Locked in on UJO when a rig is imminent here ,,,,,oops!

The 3.5 million funding is still a mystery

That is why the gas is being blended in on a test period this summer to see what effect it has on the network and end user as thus far its looking promising nothing as yet to be changed or altered.Thd testing has been approved by the HSE and if successful will be injected into the gas supply network.
Its also worth noting Worcester Bosch and Baxi are pioneering hydrogen boilers

You make hydrogen from water and the changeover process is quite simple. You don't need no natural gas at all to make hydrogen this country is about to mix natural gas and hydrogen to our homes to reduce our carbon footprint to prep for a full change over. That is happening now not next week or next year but now.

Read something somewhere that it's a super massive gas reservoir and can fuEl millions of homes.
Well they best hurry up and get that out the ground as of tomorrow morning.The gas industry are moving to man made hydrogen at a rapid pace ,it's about to be mixed with natural gas then progressing to full hydrogen boilers and cookers.
Personally thinking they have missing the boat with that boast.

Roughly how long is the timescsle from starting to drill to production on this sort of project?

If they are not ready how come they have said they are finalising the contract for the rig??

Hope so if not Monday then maybe this week , its overdue and when ig arrives the business plan will eventually start to play out.
Get that oil out of the ground get the money in the bank will all help in reducing risk of dilution.

2021 SP50 p if all that comes to plan

Pboo

I think alot of moaning here is due to the fact the rig should of been booked in way in advanced,SS knew what his plans for 2019 were yet somehow it turned a big shambolic.

Jusg a longer wait now it will all come together imo

Its not so thats irrelevant, we are at 0.9 through a mysterious placing for 3.5 million as yet undisclosed and poor organisation

The thing is the company doesnt have to release an RNS anout the rig just another interview with 'catherine' then had a chat about the plans at IoW.
Or why not an interview with Malcy?
Or some twitter updates?

They have options and chances to stop the rot in rhe SP but chose nothing!!
Just a longer wait now to top my pension up annoyingly