The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thanks to Piperpeter on ADVFN
The new Oil Treatment Plant coming into commission.
So, what would the savings be, based on May's oil production in Rio Negro?
Total oil production 9,055.542 cubic meters...
Rio Negro 7,845.383 cubic metres and Salta 1,208.159 cubic metres.
7,845.383 (m3) = 49,346 barrels total Rio Negro production for the month of May.
President's 90% interest = 44,412 barrels, or 1,433 barrels, average per day.
At US$4 saving per barrel this would equate to a cost saving of US$5,732 per day, going straight to the bottom line...
US$2,092,180 on an annual basis, if production remained at May's level.
Pp.
thinks it 90% for President interest in Rio Negro
REPORTE DE PRODUCCION.
PRESIDENT PETROLEUM S.A.
NEUQUINA + NOROESTE.
Septiembre '20......Petroleo 7.964,876 [m3]
Octubre '21.........Petroleo 8.124,927 [m3]
Noviembre '20.......Petroleo 8.044,593 [m3]
Diciembre '20.......Petroleo 9.137,939 [m3]
Enero '21...........Petroleo 9.203,441 [m3]
Febrero '21.........Petroleo 7.610,289 [m3]
Marzo '21...........Petroleo 7.904,337 [m3]
Abril '21...........Petroleo 8.283,923 [m3]
Mayo '21............Petroleo 9.053,542 [m3]
Septiembre '20......Gas 3.961,155 [Miles de m3]
Octubre '20.........Gas 3.791,846 [Miles de m3]
Noviembre '20.......Gas 4.950,256 [Miles de m3]
Diciembre '20.......Gas 7.568,065 [Miles de m3]
Enero '21...........Gas 5.226,979 [Miles de m3]
Febrero '21.........Gas 4.726,241 [Miles de m3]
Marzo '21...........Gas 3.841,369 [Miles de m3]
Abril '21...........Gas 4.159,609 [Miles de m3]
Mayo '21............Gas 6.106,850 [Miles de m3]
I still think there is an overhang of that 80+ million shares that IFC sold out out
The MarketMakers took all of those shares and been slowly drip feeding them into the market
All the good news has been offset by them selling into any rally as well as shareholders taking some profit along the way.
So its just a game of patience, it will come good
can some explain what this article means to PPC
2.376p and below are all sells
seems like they need to fill an order or just short of stock
LOL it was your order ;)
14:11:08 2.50 2,200,000 55.00k O
Large trades are usually shown at the end of play
Your trade kld1?
2.376p and below are all sells
seems like they need to fill an order or just short of stock
The Company expects to drill record number of new wells this year in drive to produce more reserves
This was a good catalyst too
President's principal focus has been on a contribution to well costs and finding a partner with sympathetic aims and ambitions. Inter alia under the terms of the deal under discussion, President will remain operator and retain a 50% interest in the relevant Concession. It is hoped to conclude matters before the end of Q1 2021 with a view to drilling an exploration well targeting a location in the Delray complex within approximately 12 months.So just 1 exploration well for a 50% stake in that concession at the moment
The gross proceeds of the Placing and Open Offer of up to US$50million (approximately £30.7 million) will be used principally to fund the three well drilling campaign on the Pirity Block scheduled for 2014.So where does this $150 million wasted in Paraguay info come from?
JBER STAYING OUT for now
1.8 25,000 WINS 10:01
1.85 20,000 CFEP 11:02
1.85 25,000 SCAP 10:09
1.9 20,000 JBER 11:02
10:43 PEEL 25,000 1.65 1.75 20,000 JBER 07:50
PPC consolidating !!!!
Of course
Since the 3rd of Nov 2020
Not 100% accurate but i'd say its fairly close to the mark lol
(All the buys were easy to figure out, sells were a bit more tricky as some of the sells were buys)
43 million bought
30 million sold
Difficult to tell if the sells are now being held by another MM to sell higher or all the books are balanced and JBER still hold a substantial amount
Anyone know where to find the trades that are not shown on the main markets
Doing a quick exercise to see where we are regarding the overhang
thanks
Unless we get some serious buying, this is where it will stay for the time being
Around 90 million shares need to be sold before we start to move upwards
I'm pretty confident we will see it between 2 to 2.5p before the year end on the back of Gas flow rates on 2 drilled wells and some news on Paraguay + news on the exploration oil/gas well
Lots to look forward to
Be great if peeps actually read the RNS's and posted the correct information
Drilling Programme
The exploration well EVN-x1 at the Estancia Vieja field, Rio Negro Province, has now been spudded.
As previously announced, the intended target is an undrilled and undrained structure within the larger Estancia Vieja field where the P50 success case for this well is oil of 40m3/d (250 bopd) and gas of 60,000m3/d (350 boepd) and where the structure as a whole could contain between 5-14 Mmbbls of oil in place and between 11-26 Bcf of gas
The results
The preliminary testing indicated that initial production levels can be expected in line with P50 pre-drill success expectations of over 200 bopd plus associated gas from this lower interval
Due to the success in this lower interval, the upper gas-prone interval in the well will be kept back to be tested and placed into production at a later date. Initial production projections in respect of this upper interval remain at 60,000 m3/d (353 boepd)
Incorrect AParky
They were expecting 500 barrels with the gas output included