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Hi everyone , I went to the AGM today.

I will post a long report later this weekend as I am swamp with work.

I can already say that I was the only shareholder present (the reception did not even know there was at AGM at that address for PPC) , the Directors were all present, including the MAN HIMSELF.

I was allowed to ask questions under 2 caveats : only questions related to the sole resolution on the menu and that our discussion was audio recorded . I accepted those conditions.

This was to make sure that no one could accuse anyone of insider information and there was absolutely none.

Absolutely no surprise at all in the answers to my questions: they are all public information. I just asked for a few clarifications on several technicalities.

I was even caught out when I asked a question and Mr Levin mentioned ' as you can read in the resolution itself the response is...' obviously I had not prepared 100% the meeting. But it is always better to ask the MAN himself :)

Before I leave you this evening Ladies and Gentleman I learned something VERY IMPORTANT

I recently learned that someone new has been working at PPC for a while now that I never heard before : Nikita Levin.
Obviously I thought that maybe there was a family connection.

So when I went today I was thinking that maybe that Nikita would be present.
I had in my mind the famous Nikita from the cold Russia from Elton John's era and MTV video.
But to my surprise and I found it quite amusing as it happened, I was presented with the Nikita Khrouchtchev variation of that first name. Because yes , Nikita Levin is an heir not an heiress. ahahah
However he does not look anything like Khrouchtchev teh former Soviet Leader.

Anyway, on these notes, I have to leave you until sunday when I hope to review some questions people may have today.
also the Team at PPC has been working VERY HARD in the last 18 months and I would like to remind shareholders of this.
Mr Levin takes full responsabiliy of what happened in the last 10 years but his staff has a lot of merit and chatrooms must acknowledge this and be less acidic and unfair criticism towards his team and his family and Directors.

Overall it was a short and courteous meeting full of technicalities. But without coffee or biscuits this time... lol .. although there was a good canteen downstairs.

More this weekend.
V.

The truth is that I only new a few things about the current program due to extensive multi projects around and stocks to follow. I understood that the catastrophic results of September results of the drilling really made the company loose 1 year in its planning and ask the market for funds at the lowest of possible prices 6p . So it was good to have a good explanation of what is going on now and 2017 1- expect work-overs to bring 1400 bop by the end of the European summer of 2017 2- the dispute with the major contractors regarding the gross negligence from their part in 2016 is being discussed as we speak and the outcome « could » be a resolution. This would mean a restart of the drilling of 2016 My comment is , current shareholders should sue the contractors themselves and ask massive compensation against them as their errors cost this company to issue 250 million shares at 6p The program will be late 2017 what it should have been now, if the big big name contractors had not messed up! 3- PPC is back full circle to Argentina , as we are doing now what was going on in 2012 before Mrs Kirchner used a bit of the Argentinean karsher to wash out the oil industry in her country… Prospects are good and PPC is looking for new producing fields and opportunities 4- Paraguay , massive reserves there, unfortunate past drilling , Government support, more time given to PPC with the license and 2017 farm out. Cons: terrible oil industry context, costs from all sides, no exploration , low oil price and very low mood in the industrie, job losses etc etc 5- PEL 82 Australia, same as Paraguay: support from the Government with extension of licence , PEL 82 is completelyy written off in the books and PPC is looking for a farm out Overall, with the 20 million in the bank , the work overs production to come and the drill, PPC will be ready to jump start where it was supposed to be all along… MY ADVICE ----------------- Any share drop below 6p should be taken as a massive opportunity to buy discounted stock. The objective is now 30p within 3 years and if things go well 50p within 5 years All I hope is that the Management travels in South America in planes full of PPC oil And I have a special thought for the Brazilians , my cousins, who died in that awful crash where the plane had not enough oil. A tragedy ! But typical I would say Regards to all and good luck this time to all involved in PPC Best season’s greatings too :+) Victor from Portugal Ps: excuse any errors in the spelling of Anglicisms not 100% mastered. LOOOL

Hello everybody I just (literally now) returned from the EGM of PPC at Riverside, 2 Swan Lake, Cannon Street I was the only shareholder present. Also attending was a Director, a second one arrived later due to traffic congestion, a few familiar faces from the company, as well as a couple of Financiers. Mister Levine was on speaker phone, life from Argentina. I arrived just on time for the opening of the meeting at 11h01. The Board asked for any questions. I was glad to be able to ask 2 questions: 1- what is the 20 millions for? Peter Levine rightly said « it is well explained in the Notice » , however he took a few minutes to explain (see below for overall response) 2-the only question that mattered : « Dear Mr Levine, after spending over 100 million in the last 7 years, the only question I have for you today is « where is the oil? » I ll summurize with a z his response Mr Levine wakes up everyday with that question in mind. Despite all the setbacks, the unfortunate drillings etc, he is resolute in turning this company into a success, whatever it takes. He also invested and is down millions of his personal fortune, so his interests and determination is the same as the shareholders and his backers. Credit to him for that. It is the same Levine as I met in 2011 when we shook hands and he said exacty the same thing. The unfortunate series of bad luck is really that : bad luck , political, drilling, some recent contractors and political context and oil crisis etc All the resolutions were pasted by a show of hands, although I abstained as standard (I really hate private placements and this is the last investment I do in such a company), this fills the pockets of City advisers, mega dilutes shareholders and the last one to get in gets all the benefits, profits etc… I use to have 1 percent of this company with 100.000 shares, nox I have more (for which I paid) but hold 0.0000XXXXXXX well something like hat, like the depth of accumulated well write offs. The interest of attending a meeting where no one else attends (new location, midday and the writings on the wall)… is that you have exclusive access to the decision makers. And what they say is invaluable! Unfortunately I will be unable to transcript here what was said to me today, as that would be a terrible breach of trust and confidence. However, I can certainly write the following: Having asked a few questions, I now have a better understanding of the key dates for 2017 None of this is really new except… a few things The truth is that I only new a few things about the current program due to extensive multi projects around and stocks to follow. I understood that the catastrophic results of September results of the drilling really made the company loose 1 year in its planning and ask the market for funds at the lowest of possible prices 6p . So it was good to have a good explanation of what

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