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All we can do is keep producing oil & gas while the prices are at a record high and the rest will follow (we all hope)!
The USA must be pulling in nearly £1m per month alone at these prices and although the Argentinian prices are lower, I’m sure it is a significant revenue stream. It’s all rather positive and not reflected in the SP. Figures later on in the year should yield some improvement.
GLA
In my opinion Sierra is in default as to milestone payments for SRA 737. All information I can find suggests that P2 has already been completed in some indications. What on earth is going on? I will be asking Tim at the next opportunity, while the milestone is not huge in terms of monetary value, it is significant in terms of progression of the compound.
Northern, you would have thought that in the current climate that this is a cert in terms of a project FID, and if PPC would be prepared to go it alone if nobody comes forward.
Interesting times, the global energy problem is not going away in the short to medium term, longer term it might be better if prospective projects make it to final production. As long as they don't ask Leeds United for help!!! LOL
Is it me or have I got this completely wrong? PPC is significantly undervalued and no matter what happens the SP seems to be stuck at around this level, and has been for some significant time. In reality, I believe that this has the potential to climb towards 20p. This is based on assets and production potential, coupled with the recent rise in oil and gas prices. We have been exporting a significant amount of oil at higher prices which should add value. Yes or no? I’m interested in other investors opinions.
GLA
Oh yes it is! The buck stops with Masterman. Please tell me the point in time where te whole plant has performed for a significant period without fault, and to its full capacity.
That’s right NEVER! It’s also another reason why we are in such a mess.
Well it looks like the final nail in the coffin, many people will have lost a great deal of money and that includes my other half. Masterman also loses a pile if this goes under and deservedly so. Sadly a catalogue of errors exacerbated by poor management and some circumstances beyond anybody’s control.
No , but flow rate at a premium price is not to be scoffed at!
I've tried to contact this bunch several times now without any hint of a response. this company is managing a bunch of assets on behalf of CRUK/CRT under the umbrella of the CPF allegedly a fund worth £70M. amongst these assets is our own SRA 737 which hasn't been updated on their website since 2018. it seems from the outset that this is not being managed at all on an ethical or finacial basis. what a complete shower of crap !
SOG, I have tried to find who has the other 72.5% stake and will happily take it up with them too! If Sierra are unwilling or unable to take this forward they should be made to relinquish the licence. If as you say the combo trial was already done at an earlier point, it makes it worse!
I have asked this question personally to TM and he just refers me to Sierra, where we all hit a stone wall of silence. There must be other parties involved, who are they? We need to apply some pressure.
SOG, 27.5% interest with no input or clout, would you really enter in to such an agreement?
If I was lucky enough to have that kind of stake in anything, I would certainly have some kind of say over its future development. It’s unbelievably incompetent and a complete travesty.
SOG, 6 years and counting! It’s just not acceptable under any circumstances! Nobody seems to want to take responsibility for this, Sareum, CPF/CRUK, SIXTH element or Sierra, it’s a shocking state of affairs. Needless to say I’m very disappointed.
Hopefully Sareum will not make the same mistake again with their latest compounds. Time will tell.
in all honesty a company producing what we are now doing, and the prospect of success in Paraguay, it should be around 20p. I have seen many companies that are really poorly run with SP's far in excess of where we are today. I am struggling to get my head around this.
What's not to like?
Gents, thank you for your replies, perhaps that is one for the BOD to answer at the next opportunity. The reason for my question is concern over SRA 737 and the lack of action by Sierra, they have already had it for 6 years and the patent was before that. Does anyone think this is an issue or can the patent be extended due to their delays?