Member Info for stuartv

Hence going forward they have now employed Westend.

It is also worth mentioning that there were a number of other big players in the Lithium game referenced in PPP’s RNS. This is a positive especially if they are competing for market share or just future supplies. Funding opportunities spring to mind.

Also as previously stated I just can’t see PPP moving into this area without doing thorough research. It would be inconceivable. It would be amateurish not to have sounded out their potential customers first. All reputable businesses do this. Focus groups, test marketing etc. Hopefully things progress at a pace. All looking positive.

Just a thought (what I know about Lithium extraction is virtually nil) but I would hazard a guess that that unlike reserves of hydrocarbons locked in the ground brine is more plentiful. Nothing is inexhaustible but logic would say that brine reserves would be much more plentiful and free flowing for decades to come.

They are listed on the attached https://www.lse.co.uk/rns/revenue-deal-signed-and-5050-lithium-and-gas-jv-y4ig0qt6fpgpdgt.html

Best keep in with JW guys. First class to NZ and free accommodation 😉😉. When PPP delivers 😂

Fair play JW - i’m Mr typo these days. Retired now but I seriously wonder how I held down my job.

Maybe he took the placing. Will issue when we com out of suspension.

Thanks for the update affrm. I’m sure PPP will have made some soundings with the big Lithium players in the region already. Quoting them in a RNS purely in wishful thinking seems implausible. It all sounds very positive.

On the subject of Lithium - steering the companies future strategic focus towards this resource it also gives potential future Institutional Investors wary of attacks from the powerful green lobby more of an incentive to invest.

I see what you mean Steve. Lots of discussion on this board. Agree many shares that are still trading have little or no comment. Lots of interest.

Trending, not trading I need to sort myself out

Steve not a trick question buddy. But where is PPP trending. I am very positive about this baby so not trying to catch anyone out. Knowing where it’s trading will increase my postivty even further.

I suspect a sizeable chunk of the revenue generated by the wells was eaten up by interest payments on the 4m + loan. They were servicing.

I seem to remember Soltace did some estimates yesterday.

Https://truflation.com/blog/why-elon-musk-calls-lithium-the-new-oil-and-its-refinement-a-license-to-print-money

Article a couple of years old but interesting nonetheless.

https://www.cnbc.com/2022/04/08/elon-musk-telsa-may-have-get-into-mining-refining-lithium-directly.html

Bob or Tom hmmm let’s think

“The signing of the SPA with Globalvision is a tremendous step forward in this deal for Pennpetro shareholders, it materially de-risks our involvement in these excellent Texas oil assets and gives us significant upside on oil production from a rich piece of Texan oil real estate. As I've mentioned previously, the last 12 months has been a rocky and difficult ride for the Company and with this deal, we can see massive benefits and leverage on all future works undertaken on these oil licences for the next circa 30 years. Given the current estimated life of the wells in the area at 20 years plus, it potentially secures and underpins PPPs future for many years to come. With our Over Riding Royalty Interest (ORRI) in this deal, we will rank equally with the landowners and receive monthly revenue income from all oil sales from Texas once production recommences. We are hopeful to see oil production and PPP revenues starting within months."

"I personally will be travelling to Texas in short order to assist with the Nobel asset handover to Globalvision and start work on our very exciting gas and lithium JV."

Well put Uncle.

I do understand individuals coming onto these boards to spout negativity if they are a) paid disrupters b) anti fossil fuels c) shorting and d) racked off because they missed the boat and want a lower entry point. I get it. But simply to come on here when you are obviously not holders just for the pure h-ll of it is beyond me.

Yes affrm many many positives. I would also ask the question as to why PPP would go to the trouble to formally contract Westend to undertake all their accounting and secretarial functions if they were not confident about the future success of the company. I note that Westend undertakes one off tasks the option which PPP would have likely undertaken had this just been about completion and publication of the accounts. To me it demonstrates that PPP are expecting to grow and any company that wishes to scale up needs robust processes in the to support that growth.