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PPE Proven

10.00
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Proven LSE:PPE London Ordinary Share GB00B517XC78 ORD SHS OF 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 10.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.00 GBX

Plectrum Petroleum (PPE) Latest News

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Plectrum Petroleum (PPE) Discussions and Chat

Plectrum Petroleum Forums and Chat

Date Time Title Posts
22/3/202020:38Economic opportunities and risks-
01/10/201520:21Politics, Philosophy and Economics (and Stocks)4
21/9/200715:34Plectrum Petrol(PPE)215
03/3/200400:37Park Place: Large US Gaming group3

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Plectrum Petroleum (PPE) Most Recent Trades

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Plectrum Petroleum (PPE) Top Chat Posts

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Posted at 01/10/2015 20:21 by grosvenor
PPE is a VCT and is going XD on 8/10/15 with a 30p dividend. The share price is only 79/85p . Since that is over 30% return on the 85p buying price. The shares are traded at the moment at extremely low volume. As you can see, there is a 6p spread, which means (assuming the share price remains reasonably stable, which it has over the last year) . This means a 24p profit per share. So on 1000 shares for example, x 24p = £240 profit less dealing costs, say £25, still leaves £215 possible profit (21.5%)


Usually as you know, when it comes XD the share price drops. I cannot see it dropping by 30p! , the amount of the dividend payout. I have contacted Hargreaves & they said dividends from VCT's can be paid from assets giving profit. Since this VCT had 7 companies & now has 4 it would appear they are able to pay out this high dividend from profits already made selling the 3 companies.
On the downside, the share price drops 30p which means the dividend is wiped clean which gives 6p loss per share X1000 shares = £60 + £25 dealing costs over a couple of days.

Any ideas anyone?
Posted at 28/8/2007 12:03 by aim_trader
"28th August 07 Plectrum Petroleum: Will advanced technology pay exploration dividends?

Plectrum Petroleum is an early stage exploration company with big hopes and some interesting exploration areas. Investors will be hoping that the experienced management, and state of the art technology, will deliver higher than average commercial strike rates "
Posted at 15/5/2007 19:07 by steelwatch
Plectrum Petroleum PLC
15 May 2007


Plectrum Petroleum Plc

RESULT OF AGM

Plectrum Petroleum Plc ('Plectrum Petroleum' or 'the Company') (Ticker: PPE),
the AIM listed oil and gas explorer, announces that at its Annual General
Meeting held today, Tuesday 15 May 2007, all resolutions put to the meeting were
duly passed.

At today's AGM, Executive Chairman Mike Whyatt made the following statement:

'I am pleased to report that since the publication of our Annual Report we have
had interest from the industry in participating in the exploration of each of
our assets in Tunisia, Australia, Peru and the UK.

'This industry interest has of course to be converted into farm-out deals,
however judging from the number of enquiries and visits to our dataroom we are
hopeful of making that happen.'


Contact etc:


For further information, please contact:


Plectrum Petroleum Plc

www.plectrum.co.uk

Mike Whyatt, Executive Chairman 01330 826 710


Blue Oar Securities Plc

Olly Cairns 020 7448 4400


Aquila Financial Ltd www.aquila-financial.com

Peter Reilly 020 7202 2601


This information is provided by RNS
The company news service from the London Stock Exchange
Posted at 25/4/2007 15:41 by gbrownings2
anyone any idea what PPE are up to? Been holding their shares for a while now and watched them climb and fall.
Posted at 08/3/2007 11:48 by ferty
Plectrum Petroleum Nabeul Block Resources Update


RNS Number:5559S
Plectrum Petroleum PLC
08 March 2007



PRESS RELEASE

8 March 2007



Nabeul Block Resources Update

Notice of preliminary results


Plectrum Petroleum plc ("Plectrum" or "the Company"), the independent oil and
gas exploration company, is pleased to announce that has acquired the remaining
10 per cent. of REAP Tunisia GmbH ('REAP Tunisia') that it did not already own,
for a nominal amount.

In June 2006, Plectrum acquired 90 per cent of REAP Tunisia and thereby acquired
a 50% interest in the Nabeul Block ('Nabeul') offshore Tunisia.

Since the acquisition in June 2006, reprocessed seismic data over Nabeul has
increased the number of prospects from four to twelve and a 3,000 km 2D seismic
survey over the block will commence in Q3 2007. In addition, on Plectrum's
behalf, TRACS International ("TRACS") have reviewed the prospects and reported
that two of the prospects, prospects 1 and 4, could contain mean prospective
resources of 71 million barrels of oil and 82 million barrels of oil
respectively and have a combined Expected Monetary Value ("EMV") of US$163
million at a US$50/barrel price. The total EMV of the 12 prospects estimated by
TRACS is $249 million.

Plectrum will be announcing its preliminary results for the year ended 31
December 2006 on Thursday 29 March 2007. These results will include a summary of
the Company's prospective resources in Nabeul as reported by TRACS.

A research report commissioned by the Company has today been published by Growth
Equities and Company Research and will shortly be available on the Company's
website.


Enquiries:


Plectrum Petroleum Plc Tel: 01330 826710

Mike Whyatt, Executive Chairman

Jim Bain, Finance Director

www.plectrum.co.uk


Aquila Financial Limited

Peter Reilly Tel: 020 7202 2601

Yvonne Fraser Tel: 020 7202 2609

www.aquila-financial.com


Corporate Synergy Plc

Olly Cairns Tel: 020 7448 4400



This information is provided by RNS
The company news service from the London Stock Exchange
Posted at 04/1/2007 20:11 by jumbo66
Shrewd Snapshot: Cantor increases Plectrum stake
Published: 09:10 Thursday 04 January 2007 TOTAL PAGES: 1
By: Dylan Lobo, Assistant Editor, Citywire Funds Insider Printable Version Email A Friend


Related Articles 31-05-2006: Shrewd Snapshot: Bonham Carter backs recruiter
23-08-2005: Boardroom Sweep: Debt Free Direct money man buys


04-08-2004: Wednesday Morning Market: gloom shrouds upbeat statements

Cantor Fitzgerald has added to its stake in Plectrum Petroleum through the purchase of 975,000 shares in the AIM-listed oil services group.

The acquisition increases Cantor's stake in the £18 million firm from 12.69% to 13.2%.

Last month shares in Plectrum (PPE) shot up after its partnership with AIM-listed Gold Oil (GOO) was given the green light by Perupetro, which is owned by the Peruvian state, to start exploration work in offshore Peru. Plectrum has a 50% share of the joint venture.

Other shrewd investors in Plectrum include Artemis Investment Management, which holds a 9.94% interest.
Posted at 25/10/2006 10:16 by stuart14
Nick, XXi is onshore, Z34 is offshore.

XXi has been drilled and is going to testing. Z34 hasn't even had the 3D seismic done on it yet.

I agree Z34 could be an elephant,but it is years away. So are most of PPE's African projects.

PPE looks great for the future, but it is a lot further down the line than the potential company making news flow from GOO which PPE have no interest in.
Posted at 25/10/2006 09:55 by green_eyed_afghan
TDW now offering 12.15 to buy your shares. Go PPE. They want them.

Level 2 anyone ?

TIA

Someone just bought for 13p.
Posted at 25/10/2006 09:28 by stephanie_m
Hi
FatFinger - 24 Oct'06 - 23:44 - 94 of 98


"thanks stephanie - might join you and grab a few of these tmrw - although could be fairly long term hold before potential realised"

I do not disagree about long term. However as I have said many times in the past (on the GOO thread) that patience is required with all oil exploration shares, at least a 12/18 month view. When I first bought into Gold Oil there were 7 trades in a week , yes WEEK.Since then I have witnessed 7 trades in a minute.
Im not suggesting that anybody buy Plectrum just because I have bought the shares.However I just pointed out that bearing in mind the possible potential of their joint venture with Gold Oil off shore Peru Z34 (see my post 92 above)that perhaps Plectrum were good value as not too many may realise the fact Z34 could (NB Could) be very big. These shares like all Oil exploration shares are very speculative.
I own shares in GOO, PPE,CHP & SOLA I research my shares and am quite happy to share my research and views. However Ive had my losers as well!

Regards
SM
E mail stephanie.speculator@gmail.com
Posted at 08/5/2006 19:26 by steelwatch
Don't quite see why the share price has dropped today. Good news surely? 50% of whatever's there is better than no acreage in return for doing the seismic and GOO have experience of dealing with the licencing authority so not as if they don't know what they're about.

This could be a biggie. The political angle has already been well covered on the GOO thread - DYOR. Not as bad as first thought (by some) and should not be muddled up with Bolivia and Venezuela IMHO.

I'm now considering adding PPE to my portfolio although I always watch for a while before buying anything. This came out of the blue today - previously unaware of your existance (no offence intended partner:o)

Read upbeat press release on PPE website:
Plectrum Petroleum share price data is direct from the London Stock Exchange

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