President Petroleum Company Live Discussion

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poor_teacher 20 Oct 2017

RNS Looking for more cash. Hopefully PL is looking at something good with another mention of acquisitions to grow the production portfolio.

Nice to Michu 19 Oct 2017

Re: RNS some further nice movement up here yesterday and today I see.. PoO is doing nicely too which is important - granted PPC are in a sweet micro market of its own in Argentina now, but WTI north of $50 will underpin this nicely - and if PoO stays around these levels for the rest of the year 15p might well be doable here well before chrimbo..here's hoping...

theprior 19 Oct 2017

Re: Motoring nicely Sorry, make that 12.5p. +14.64%

theprior 19 Oct 2017

Motoring nicely Over 12 now on GOogle FinanceSeems the news re revenue stream is getting through. The importance of this aspect of the business can’t be overestimated, it’s the bread and butter that will pay down the debt.And then there’s the possibility of a farm out of the highly prospective acreage in Paraguay which is the main interest for me.Top up if there’s a retrace.But still not too late to get in.TP

Nice to Michu 17 Oct 2017

Re: RNS Very good to have Ohtaxes contributing here. It seems like after his journey here he will add lots of value in his posting. Indeed I believe we have at least three top quality posters here now : Brasso and TP and Ohtaxes; three eagles so to speak ( and one weasel named Nice to Michu too )From the recent Malcay interview and the opening words of his comments in todays RNS, PL is telling us he definitely gets that it has to be all about profit and cash flow in the now and in the ongoing future ( the jam tomorrow stories is not now where the investment money goes first as the oil industry is like the manfacturing industry now ie low cost large volume live production is most everything) First words from PL today : ''President Energy is focused on profits and positive cash flow.''I'm with Malcay on this being currently seriously undervalued and think this should be a very useful share to be in in the coming few months and years .. ...and this could be a good bb too ( plenty are not ) Good luck

theprior 17 Oct 2017

Re: RNS Market likes it..up a solid 10% and rising on heavier than average volume.TP

theprior 17 Oct 2017

Re: RNS Nice parrot, 0t.If your calls are correct the 1136 bold seems pretty close to PL’s target of 1200bopd for this new acreage.Seems like they are on target. Well done PL (and well done you for working it out ))TP

Ohtaxes 17 Oct 2017

Re: RNS RNS although positive - needed more info;1. What timeline does that $1.5m represent? 2. What's the bopd now?3. What's the $/bopdIf this $1.5m equates to the period from purchase it's seems just on the low side allowing for a -2 day?$1.5m ÷ 24 days ÷ $55 = 1136bopdSuppose, we're on the right track, but I thought that back in 2011 when I started researching this one going down on the train to a Rockhopper AGM - I'm allowed to be sceptical I've out lasted all the BoD and hold more shares than any of them (PL doesn't count), been to agm's, was even at John Hamilton's presentation yrs ago at Brewers quarter.Looong time, Christina fekkked up Argentina, God knows what happened in P'guay with the drilling - court case now draaaggiiiing.Still here but until we get farm in for P'guay, the court case settled and bopd at multiples of today, we'll be a penny shares - Levine doesn't want that and neither do I - goal/target here is £'s not pennies.Regards to allOht

theprior 17 Oct 2017

RNS First revenues of $1.5m booked for oil produced from recently acquired assets.TP

theprior 16 Oct 2017

I/c podcast Worth a listen[link]

theprior 12 Oct 2017

Re: Peter Levine interview Couldn’t agree more N2M. But 6p to 9p in just a few weeks is a good start. Don’t miss the boat, the train is leaving the station, weekend rapidly approaching and you wouldn’t want to be out, would you, etc,etc, etc.)))TP

Nice to Michu 12 Oct 2017

Re: Peter Levine interview Interesting watch/listen. Thanks for posting TP I'm going to watch to - hopefully - see Mr Levine and team deliver better than they previously have before I top up here though.Still like this a lot and think another good acquisition - or a JV announcement in Paraguay but that might be a good while off yet - could easily get this moving significantly up on announcement... and at this low price it shouldn't generallly take much to move up somewhat just from existing production/ asset enhancement eg to 15pBut - excluding aquisition or JV - the guy NEEDS TO deliver to targets much better going foward for this to get 'bagger' legs im

theprior 12 Oct 2017

Re: Peter Levine interview Looks like Malcy did the trick )))TP

theprior 11 Oct 2017

Re: Peter Levine interview I think I’ve said before that I think this may be on JP’s list for ECHO. The idea of all that gas in Paraguay may be too good to resist. )))This is certainly worth a good size top up.Good luck.TP

DavidFDO 11 Oct 2017

Re: Peter Levine interview Thanks TP. Another excellent interview from PL. I was particularly encouraged by:15:53 "Majors signed up to NDA's"15:59 "Majors in our physical data room as well as in our virtual data room"16:23 "One way or another, by hook or by crook, we're going to drill something in Paraguay in 2018."March 2018 may prove to be a little optimistic, but clearly PL is trying to do all he can to ensure we do not have to wait much longer. With all those Paraguay prospects, the experience of Jacaranda and Lapacho and the amount of seismic they have accumualted, I would be amazed if it was not third time lucky. One successful well in Paraguay would surely make this a multibagger, irrespective of Argentina and the significant growth potential there.

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