Member Info for steven49

Took part too at much higher prices 4p +

The international commodity trader Trafigura has agreed to take a significant stake in President pursuant to a subscription to raise up to US$10 million, comprising an initial subscription of US$4 million for 75,997,775 new ordinary shares in President ("Ordinary Shares") at a price of 4.04 pence per share (the "Initial Subscription Shares") and, at Trafigura's option, potential further subscriptions of up to US$6 million through the issue of further new Ordinary Shares at a price of 4.65 pence per Ordinary Share. All subscription monies will be applied in paying down the advances made by the Trafigura group to the Company and its subsidiaries (the "Group") referred to in President's announcement of 25 July 2019.

·; IYA Global Limited ("IYA"), a company beneficially owned by Peter Levine, has agreed to convert up to US$4.825 million of debt outstanding under the existing unsecured loan facility between IYA Global Limited and President dated 2 January 2018 (as amended) into new Ordinary Shares in President. IYA has agreed to initially convert US$ 1.95 million of such debt at the price of 4.04 pence per Ordinary share. It is also proposed that the existing loan facility be amended so that up to a further US$2.875 million being part of the outstanding loan becomes convertible at the discretion of IYA at a price of 4.65 pence per Share, being on the same commercial terms as the Trafigura subscription to be converted at same times and in proportionate amounts to the further subscriptions by Trafigura.

IYA Global, a company beneficially owned by Peter Levine and trafigura took part in this taking large holdings

Oil us crude 52.61, up aprox 8% this week

Whilst work continues in our fields, we are now getting down to plan for next year with drilling very much on the agenda during 2021. We expect concrete plans to be made available by the end of jan 21

Oil punching higher,understand opecs largest producer going cut output next month.

Oil price looking good,profits will increase.looking good.massively under valued stock.should be nearer 50 million pound market cap+

Being well pumped by there Twitter account

operating costs per boe*in 2019, excluding royalties and workovers, reduced by 7% to US$21.1 per barrel (2018: US$22.7). These have now been reduced further in the core Rio Negro assets to US$13.8 per barrel in May. oil now sitting at just above 51

I'm assuming these are sells from midday 1.69 or are they buys.im out so unable check

Oil up nearly 4%

Looks too me still off loading stock, drip feeding stock,as iv said b4 much of rise of late is due too oil prices moving higher rather than positive rns.need clear this seller

Martin commenced work as a Commodity Trader joining Trafigura in 2008, where he is now General Manager of Trafigura Pte Ltd, Argentina.

Martin has been appointed to the board of the Company by Trafigura pursuant to the Subscription Agreement announced on 20 January 2020.

Peter Levine, Chairman, commented:

" We welcome Martin to our Board. He is widely respected in the industry and his positive contribution to our Company is already being felt.

"We very much look forward to working with Martin in the future."

Small amounts too buy 1.8 but anything larger want upwards 1.9

Back in June he brought trafigura on board pay lot of dept off and put some1 on the board at at a price of 1.85p and raise funds.personally I believe this great move by company too have trafigura on board.time will tell.takes time.understand many got diluted with share price suffering.really think this is under valued at 34cmillion pounds.GLA. DYOR

Company on many buy list 4 2021,well under valued company.

Argentina began to vaccinate its citizens against the coronavirus on Tuesday, administering the first of 300,000 doses of the Russian Sputnik V vaccine deliv

Seller still there drip feeding stock into market

Good buying today will let go at sometime.gas oil all higher.outlook bullish happy to hold

What brought me into looking into this company and researching has 2 very well known investors on board. Has massive potential but my worry is another placing may be needed.