poor_teacher
04 May 2018
Workover Should be underway now, news will soon be around the corner. Late July Argentinian listing followed by drilling. Oil price still around $70.Time to accumulate whilst share price is still at 10.5p
theprior
19 Apr 2018
Re: Puesto Flores update Mustve heard you N2M, put on a decent 10% today.Given all the good news recently it’s about time. Remind you of SDX? (Another of Malcy’s undervalued oilies)TP
Nice to Michu
18 Apr 2018
Re: Puesto Flores update I'm must admit now that other oilers of mine are at last starting to move on up decently, I'm losing interest somewhat in this staying as one of my top 5 oiler positions.. indeed I sold down 15% of this a month back when it went up over 11p again and I am open to selling at least the same again if/when it goes back towards 12p again..I intend keeping this as a mid sized position in my p/f for the mid term but probably not now a larger one.. as I think it finding a way of ticking up seems to be continually hard.. that said, if some even half serious buying starts soon I might change my mind 
(the current north of 70p Poo levels are very good ones imho.. and 15p was my hope for this around such poo levels)
poor_teacher
16 Apr 2018
Re: Puesto Flores update I agree that the RNS clearly states the workovers will be funded from current resources, 3 million has been set aside or covered through cash flow.What is not so clear is the plans for the three new wells, 2 of which are extra to previous plans. Needing funding of approx 3 million each.With the last open offer, the conversion of debt and the bank loan availability I can get how the initial plans could have been funded. Not so sure cash flow is going to be anywhere near enough to cover an extra 6 million by Q3. Unfortunately we are still stuck at 10p regardless of how well work has been progressing and more shares and further debt are not going to help give shareholder value imo.Once again it would be good to see some operational figures so we can make a more informed decision in terms of our investment. Anyway I am,currently, still comfortable with the risk of my investment/ gamble in PPC.
theprior
16 Apr 2018
Re: Puesto Flores update From the RNS (highlights)· All work to be funded from President's existing resourcesNot gone into detailed analysis but does this cover. Your point PT?TP
poor_teacher
16 Apr 2018
Re: Puesto Flores update First 3 million for workovers is covered for this quarter. But no mention of how the 9 million needed for the three wells for Q3 might be funded. Any thoughts anyone?
theprior
16 Apr 2018
Puesto Flores update Accelerating programme to take advantage of current oil pricesGood newsTP
Southmead
19 Mar 2018
Angelos Damaskos Fund Manager Recommendation Angelos Damaskos Fund Manager has recently included PPC in its Junior Oil Fund.See the interview...[link] Damaskos says #PresidentEnergy acquired assets at "extremely attractive metrics" and provides "tremendous #upside with relatively low downside"It is great to hear that the tremendous potential of PPC is recognized by the 'Big Boys'.Over the coming weeks and months we will see a steadily increasing SP as good news flows from Argentina and production increases.
theprior
14 Mar 2018
New director joins And existing non exec promoted to finance.Two good moves that will enhance PPC’s capabilities.TP
Mister Ed
13 Mar 2018
Operational Update Due? Confirmation of February production volumes and revenues could trigger a break of 12.5p resistance. Based on past news flow, an operational update is due in the coming days. Good volume again today.
Southmead
12 Mar 2018
Re: Very Solid RNS Final sp shows 7.695 rise.This morning first thing I found it impossible to buy PPC on the HL platform.Had to leave a 'fill or kill' order, which was only taken up at 11am.There were very few sells today and mostly buys going through. The free share float is small at the best of times and share supply must have been very restrictive today after good news.What will tomorrow bring?More of the same perhaps and another steady sp rise?.
theprior
12 Mar 2018
Re: Very Solid RNS So, two out of three gets a 5% sp rise. Wonder how much it would’ve risen if we’d scored a 100% hit rate?....probably 8% /
(Both PPC and SDX seriously undervalued.TP
Southmead
12 Mar 2018
Very Solid RNS Excellent news this morning.Highlights · Live gas field identified with potentially commercial gas flows achieved · As a result of tests Estancia Vieja field to be reactivated· Three wells tested at Estancia Vieja field; two of the wells produced median rates of approximately 200 and 250 boepd each at a 6mm choke plus associated condensate with the top rates achieved at larger choke sizes of 300 and 520 boepd respectively · Pressure recovery tests were performed successfully indicating potential for good production· Three further gas wells potentially available for testing later this year· First gas production targeted for late H2 2018 · President booked minimal 2P gas reserves at Estancia Vieja which may be expected to increase at y/e 2018 as the field developsNow let the SP RISE
Mister Ed
09 Mar 2018
Peel Hunt Upgrade Peel Hunt have upgraded to buy from add with a revised target of 13p. Volume has picked up since bouncing off the 9.25 low. Should soon retest 12.5 if oil price holds up.
Southmead
07 Mar 2018
Don't forget Schroders Remember that Schroders have increased their investment in PPC to over 14% recently, giving Peter Levine and the PPC strategy a big 'thumbs up'. They are obviously very close to management to make that sort of investment and commitment and no doubt have a more informed and better researched position than PI's.Re-read the February presentation on the PPC website and then overlay the increased reserves and production opportunity that was announced yesterday, and you have a very compelling investment case.IMO we will see a strong upwards SP movement soon and it has already started,
