Member Info for stuartv

Totally agree Froggy. All the best to you buddy.

It will keep you sane Tiger. I wrote mine off around mid October. If by some miracle it comes back brilliant. Highly unlikely though.

Because they basically don’t give a Donald Duck about their shareholders 🤬 Ssccss.

To be fair I only invested because of Tom’s RNS/s. Bought a Rolls Royce and it turned out a clapped out Lada. The sales brochure was somewhat misleading.

Looks like it’s still on linkedin but taken off X at least I can’t see it - below link posted by Rob

Rob-50

Posts: 3,169

Price: 9.55

RE: May 1st4 Mar 2025 15:12

Go to ppp twitter https://x.com/pennpetro?s=21&t=f93eHaOCuoluFyylJQiJ6g

Tiger 🐯 🤞🙏🤞🙏

Even more so now as RM is CEO for both Gobal and PPP.

You mean this Tebbin - amnesia springs to mind 🤷‍♂️

“This deal really does add very significant value to Pennpetro shareholders. Since assuming the 100% working interest over the wells and operations from Millennium Petrocapital Inc in Gonzales County in Texas back in July 2023, PPP have sought to add value to the acreage. It's been a rocky ride to date but this transaction completely de-risks any capital expenditure needs to increase production, but still provides us with the massive benefit and leverage of all future works undertaken on the licences for the next circa 30 years. Given the current estimated life of the wells at 20 years plus, it secures PPPs future for many years to come. Shareholders should not underestimate the material value of receiving a ORRI on oil production from these wells. There is a lot of oil in these 2,036 acres and we will rank equally with the landowners with this ORRI and receive monthly revenue income from all oil sales from Texas once production recommences. We are hopeful to see oil production starting within months."

"Globalvision will also clear or come to arrangements with Pennpetro's US creditors, which really does clean up our balance sheet. They plan to optimise all 4 x 12.5% ORRI wells to production as quickly as possible, which will be a very big step forwards for the project.

I can’t argue with your synopsis either Uncle. I changed my opinion back in October and stopped defending this shi- show. Just too many red flags for me. Nothing adds up. Good luck guys 👍

I hope you are right Townman. Hoping for the best 🤞🤞

Or deliberately misleading.

Yep guys - either head in clouds or naivety. There’s even more from Dr Spin below:-

Tom Evans, Pennpetro Energy's CEO said:

"This deal really does add very significant value to Pennpetro shareholders. Since assuming the 100% working interest over the wells and operations from Millennium Petrocapital Inc in Gonzales County in Texas back in July 2023, PPP have sought to add value to the acreage. It's been a rocky ride to date but this transaction completely de-risks any capital expenditure needs to increase production, but still provides us with the massive benefit and leverage of all future works undertaken on the licences for the next circa 30 years. Given the current estimated life of the wells at 20 years plus, it secures PPPs future for many years to come. Shareholders should not underestimate the material value of receiving a ORRI on oil production from these wells. There is a lot of oil in these 2,036 acres and we will rank equally with the landowners with this ORRI and receive monthly revenue income from all oil sales from Texas once production recommences. We are hopeful to see oil production starting within months."

I can’t disagree on that Affrm. Unfortunately for me the life changing element has been for the worst for me. Hopefully it will come good and you will have the last laugh 🤞🤞

There is logic behind all your points NU. It could just be the case with RM that he is getting his feet under the table. But like everything else surrounding this s-it show who knows as it will no doubt be shrouded in mystery. I remain pessimistic other than the documented 12p raise everything else has either not lifted or added to the justifiable gloom surrounding this share. GLA

Agree it’s all conjecture. We are all in the bloody dark.

I guess because he is not referenced on the last RNS Ssccss. Not my take I have stopped trying to second guess this s-it show.

Totally agree hopin. To be honest this situation was getting to me big time until I wrote it off in my head and counted the blessings I have in life.

Gregorio you are just here to gloat plain and simple. If it makes you happy or fulfilled in someway good luck to you. I couldn’t live my life like that but each to their own.

The reason I invested in PPP was because I believed Tom’s 3 RNS bulletins at the end of July 2024. Plain and simple. I not backing Lunn either but the bottom line is that I am here because I foolishly believed Evan’s RNS announcements. Appreciate with shares the is never any guarantees but blimey the way he worded those my money was safer in there than a post office account 🙈🙈

Only way to keep my sanity with this share. Expect the worst and hope for the best. It’s a ffing joke. Not even a contrite tone in the RNS. Also no mention of the new CEO.