|President Energy Plc
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
President Energy Share Discussion Threads
Showing 44551 to 44574 of 44575 messages
|Purchased a few more I would like to think that Levine has just been a little naive and unlucky ..|
|We don't make any money even at 500 BOPD so does it matter that we are now down at 300 NOPD. Strange how the company have not reported the drop in production!!!
Surely this should have been stated in the RNS on the 20th???|
|300bopd ave in Argentina for Jan
Lets hope the 2 "producing" wells are back soon|
|One can guess that the wells will have the same operational costs but will produce almost the double of output.
This is from the recently cited report
"President will workover 10 wells in 2017 for a total cost of ~$10 million, all funded from existing cash resources. We expect each successful workover to payback within 12 months and ultimately deliver a cash return of up to 9x, materially improving the balance sheet and facilitating the drilling of more impactful wells further down the line. The 10 well programme should deliver incremental operating cash flows (before
capex) of ~$6.5 million in 2017."|
|If the results are good we will get an RNS. If the results are bad we will hear nothing.|
|The rise begins|
Piperpeter is not asking a question!
They are supposed to achieve the 1200 BOPD from the 10 workovers alone. Historically workovers at Puesto Guardian have yielded <25 BOPD per well. Do the math...|
|Piperpeter, the Nov. 2016 presentation advises 10 wells initially. Others TBC. With 36 workover wells identified, good scope I'd suggest for further adding to the 1200 bopd currently being targeted. Also of interest to note there is a nearby storage capacity of 2 x 6000 barrels capacity.|
|As of 11th Jan 2017 :
'' Argentina and South America -focused President Energy PLC (LON:PPC) has told investors it has now signed a contract for a workover rig that will be used in an upcoming multi-well programme.
The rig is due to be on site at the group’s Puesto Guardian project in the Salta province for twelve months, and as such President Energy anticipates significant flexibility for its rolling work programme.
It is expected that the rig will be mobilised during the next four weeks, and the programme will begin in February.
First the group intends to work over two producing wells, which are currently under maintenance, and it also plans to create a new water injector in an abandoned well.
In March, the group expects to be working over shut-in wells, with at least three slated for new fracking operations.
By the end of summer President Energy aims to be producing at a rate of 1,200 barrels of oil per day from Argentina.''|
|I don't believe anyone cares if post as long as it's not another of your tips|
If PPC achieve the miracle of 1200 BOPD from Argentina before the end of the summer 2017 I promise I will never post again!|
|Is it clear what the rig (contracted for one year) will be doing beyond the end of Summer (September through to February next year)?
Do they expect to carry out 10 workovers before the end of August, this year, or are they expecting 1200 bopd part way through the full programme?
And surely once the 1200 bopd target is reached at the end of Summer, will they not want to push the production still further forward.
Or am I missing something?
|PPC should better spend some cash on a good Argentinian shaman to end incessant bad luck.|
|Wow, 14p? That will do me with my present holding but will still see me heavily down long-term. It is still a very shameful figure for those that have been here for any length of time. A complete disgrace, actually.|
|The report says 11p is not really the best case scenario but one that includes some degree of failure.
Best case they think is 14p.|
|I find it difficult to see the major shareholders here being in it for 11p.
£100 million market cap?
Last count (December '16) puts the Large Shareholders at 72.5%.
I don't think that we have a "spare 10 million" burning a hole in the pocket.
However, there is $10 million to be used to strengthen the balance sheet, provide critical mass and some of which could also be used to pursue additional internal and inorganic opportunities available to early movers with local knowledge and relationships.
|The last two wells at Pirity cost around $50m.|
|Don't they have a spare 10 million to drill Paraguay on farm out|
|Do you mean Hernandarias? It is worth zero as it has zero reserves and has never been drilled. PPC did not raise any funds for Paraguay drilling so I expect more dilution before that kicks off.|
|Am I correct is saying exploration asset Hernandez is valued a zero in the 11p. ?|
Buying now at 7p assuming best case return by end of the year is only 11p hardly seems worth the risk. Current Argentine production is running at 500 BOPD so a 700 BOPD increase is needed in 6 months to hit the company targets. Hardly a sure thing.|
|11p target for the share price IF and when they hit 1400 bopd?? LOL!!!!! How the mighty have fallen!|