Member Info for razoba44

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

Gas Plan 4 is now official. The Gas Plan aims to promote investment into gas production in Argentina by giving financial incentives to the industry #gas #Argentina #PPC

There is only one logical reason for the share price to be held back at the moment

The 90 million IFC shares have been taken up by the Market Maker JBER, as they see this as an easy way to make money on the shares they hold, considering they got them for 1.1p
The share price will stay at these until they have moved on their shares to new buyers

Its a dirty tactic by the Market Maker considering Peter Levine said that a third party was willing to buy all those shares from IFC, but it never happened, and we will never not what went on behind the scenes.

Annoying....Frustrating....Manipulation.....Welcome to AIM !!!!!

Sell 100000 shares at 1.6276p

Buy 100000 shares at 1.625p

someone figure that out lol

Interesting new holder of PPC shares as of 2nd Nov

West Yorkshire Pension Fund -- 7.81m

(Leeds United Football Club exposure ?)

This is one that is still getting out of PPC

Norges Bank Investment Management 8.09M remaining as of 2nd Nov

which could be the reason why JBER marketmaker has still got shares to offload

IFC's remaining shares have found a new home

time to buy

seller out

Norges Bank Investment Management -11.41m / -58.52% 8 million left since 8th Oct

Not many left , so could be out of the equation now

Problem is we have a shareholder who wants to get rid of 98 million shares currently (IFC)

Lol the buy and the sell price is 1.45p
They still need to shift around 80 to 90 million shares which belong to IFC

It's pretty obvious that there is a seller about, hence why all the buys were being soaked up today
It is most likely that IFC are looking to dispose of their entire holding of just under 5%
the fact that they have not sold any shares since they were originally purchased and the RNS issued the other day with a decrease in their holdings leads me to believe that is the case

19-Oct-20 16:07:06 1.50 5,000,000 Sell* 1.45 1.60 75.00k

most likely their trade from yesterday

Not at all, its just that someone interpreted it that way - as they have been selling shares, which is not the case as explained earlier

Schroder Investment Management Ltd. -22.42m / -11.09% 179.71m
they still hold 8.95%
its only because more shares were issued to trafigura they have a smaller share of the pie

the rest on the list only account for 1.5%, so hardly a cause for concern

BUENOS AIRES, Oct 14 (Reuters) - Argentine President Alberto Fernández is readying a sweeping plan to encourage local producers to increase natural gas production, the government said on Wednesday, hoping to ramp up output from the country’s massive Vaca Muerta shale formation.

Fernández will travel to the remote region, thought to house one of the world’s largest unconventional oil and gas reserves, to officially present the plan on Thursday, the energy secretariat said in a statement.
“The aim of the plan is to encourage the growth of gas production in the coming years,” it said, adding the scheme would also push to involve more small firms, boost job numbers and increase value in the domestic production chain

8,722,213 new Ordinary Shares to CGC at a subscription price of 4.45p
5,644,599 new ordinary shares to CGC at a subscription price of 4.05p
12,298,153 new ordinary shares to CGC at a subscription price of 1.315p
7,073,856 new ordinary shares to CGC at a subscription price of 1.825p

not much to sell and most of them have been paid at a much higher price

That was very generous of them

10:59:42 1.70 100,000 1,700 O
10:15:57 1.70 114,312 1,943 O
10:05:33 1.725 150,000 2,588 O
09:36:28 1.725 112,350 1,938 O
09:01:31 1.725 57,971 1,000.00 O
08:25:15 1.78999 111,064 1,988 O
08:16:53 1.78999 138,997 2,488 O
08:01:27 1.75 50,000 875.00 O
08:00:38 1.78999 55,312 990.08 O

all put down as sells, 3 of them are buys
1.75 and below are all sells