Member Info for robaich

Possibly 3,300, being the 2,700 and the 'hoped for' 600 boepd from the current/commenced drilling.

Won't have an effect on the sp though, well not material.

Hmmmmm Zzzzzzzzzzzzzz

Still on Malcy's website https://www.malcysblog.com/2018/09/core-finance-interview-peter-levine-of-president-energy/

And there hasn't been for months, so 9's we stay

Away today and won't be able to listen in , so If someone is intending to listen would they be post some snippets if possible Regards all

No volume,

We need need news and volume - end of

Possibly a freeing of market, PPC were (from memory) receiving circa $66-$68/bbl. The following article mentions a relaxion of the 'price controls'; https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL1N1TY0KW

DRichi,

There was mention on acquisitions but can't recall whether during discussion pre/post AGM or at the presentation itself. From memory more than 2 had been reviewed, but the deal wasn't right (my words not PPC's).

They are definitely looking at other acquisitions.

Regards

Good morning I posted the following on LSE after a couple of posts about PL (buying the Co) and what happened at the AGM - a 1hr open floor Q n A with PL, all very informative and at times uncomfortably tense, really good AGM), this was my response, in case anyone interested) Re: share buys and simple brief answer; PL - PPC needs access to the market to raise finance, get placings, commercial loans (as per new loan in Arg) No individual could say fund a drilling campaign - even if you could would you risk the families silver. Other BoD - personally I think they should purchase more, I've followed this since 2011/12 and aware of 6 individuals that own more than any other current BoD, ranging from 600k+ to 2m shares. 100k share purchase isn't significant in my opinion  AGM, was there, very brief summary; 1. Only RB and M-S on the top table, finance chap was also there. Always found them helpfull, even going back years John H, Dave W-Walker and Dr Jenkins (now with HUR) were approachable. Disappointed PL and Miles weren't there, they had valid reasons but it's the AGM and they choose the date. 2. Negatives = well DP001 @ PG - litigation ongoing and Chinese pumps @ PG defective again legals of some form. Also not drilling P'guay. 3. Positives = bopd increasing as such cash flow allows for Co' to grow via cash flows as opposed to fundraise (assuming any fundraise will relate to another project which i have no qualms about) Data rooms for both licences trying to be farmed out with NDA's signed  In my opinion the sp will languish here for months and full value of today's assets won't materialise until; They resolve the court case re:DP001 ---- They RNS that they were recompenssed for those Chinese pumps --- that bopd is at least 6k, but more likely 8k+ --- that we get the 2 farm-in partners (and that those are names, not 'Who the fXXX are they oil Co's' Lots of other bits at an AGM with about 20 attendees @ 50% suits 50% PI's. They are trying and we need a bit a luck for a change. Another wonderful sunny day here in Snowdonia - mountains on one side and the sea on the other Kind regards all Ohtaxes (migrated from iii)

Fiveeights at al, Re: share buys and simple brief answer; PL - PPC needs access to the market to raise finance, get placings, commercial loans (as per new loan in Arg) No individual could say fund a drilling campaign - even if you could would you risk the families silver. Other BoD - personally I think they should purchase more, I've followed this since 2011/12 and aware of 6 individuals that own more than any other current BoD, ranging from 600k+ to 2m shares. 100k share purchase isn't significant in my opinion AGM, was there, very brief summary; 1. Only RB and M-S on the top table, finance chap was also there. Always found them helpfull, even going back years John H, Dave W-Walker and Dr Jenkins (now with HUR) were approachable. Disappointed PL and Miles weren't there, they had valid reasons but it's the AGM and they choose the date. 2. Negatives = well DP001 @ PG - litigation ongoing and Chinese pumps @ PG defective again legals of some form. Also not drilling P'guay. 3. Positives = bopd increasing as such cash flow allows for Co' to grow via cash flows as opposed to fundraise (assuming any fundraise will relate to another project which i have no qualms about) Data rooms for both licences trying to be farmed out with NDA's signed In my opinion the sp will languish here for months and full value of today's assets won't materialise until; They resolve the court case re:DP001 ---- They RNS that they were recompenssed for those Chinese pumps --- that bopd is at least 6k, but more likely 8k+ --- that we get the 2 farm-in partners (and that those are names, not 'Who the fXXX are they oil Co's' Lots of other bits at an AGM with about 20 attendees @ 50% suits 50% PI's. They are trying and we need a bit a luck for a change. Another wonderful sunny day here in Snowdonia - mountains on one side and the sea on the other Kind regards all Ohtaxes (migrated from iii)

Sure Genghis, Catch up later, not quite Yul Brynner. You'll recognise me by a very thick Welsh accent. Been following this since about 2011/12, did my initial research on PPC on the train down to the RKH agm I'm just coming down for the agm and then straight back on the train See you later

Yes, I'm going Genghis Were you ar the HUR AGM?

Agree PMO will take this as long and as slow as they can FID @ December Sanction this time next year PMO to drag it along until they have generated sufficient cash, farmed-out or sold say a part appraised Zama I've grown a default negative setting ever since the PMO farm out

Probably one of the Co's that have signed an LOI

For those who've not read/seen Malcy's blog today - @30p; https://www.malcysblog.com/2018/06/oil-price-president-sdx-savannah-cabot-touchstone-and-finally

The continued increaes in bopd just isn't having an effect on the sp and no idea why. It's heading for 3kbopd @ an average (for quick calc only) net backs of say $30bbl, we have; 3k @ $30 @ 30 days = $2.7m/month or in sterling over £2m in free cash - annualised @ £24m - m-cap is still less than £100m No idea why As noted previosly needs 'New news' as the monthly summarises aren't having an effect Wait and wait some more Oht

Peak, Agreed, it'll be decades if at all before we all have electric cars. At the moment it's not just electric cars, some think Cryptocurrencies will replace $/£/€ etc or the usual trouble in the middle East. SL and the remainder will be developed, we need just something to happen at PMO for it to happen

Expected dates; FID - December 2018 Sanction - June 2019

Mucha', Your last sentence; Disappointing to hear Durrant talking about sanction for Sealion H1 2019. I think they want it all for themselves ie without a partner and the extra cash flow a further 6 months gives them makes it possible. Agree 100%, my take is that they can't find a farm-in partner. At the moment have covenants with current lenders that have to be adhered to be end of Q.1, 2019. They have lead bankers lined up, presumably????, but even if imminent, Durrant will drag this out until $/bbl's from Catcher start accumulating positive cash-flow. Sanction could slip, it's been slippinf for years. Not what ppl want to hear, bt true, Ohtaxes

Richi, yes agreed, but the BoD will have to be pressed PL's shareholding - yes but what about the others; Miles Biggins 437,238 0.04% Rob Shepherd 309,144 0.03% Jorge Bongiovanni 157,179 0.01 Not significant holdings, although JB did purchase recently