Molecular Energies Share Discussion Threads

[chris cat] 25/10/2022 14:38

PP - We don't even know how much O&G we are producing from our current assets let alone new projects....we do know it is 60% more than it was in January, but we don't know what it was in January. How on earth are we or potential new investors expected to do any meaningful calculations to see if it is worthwhile investing.

[bengal1] 25/10/2022 08:38

Pp, did we ever really know the Salta production in Jan. Looking back at the RNS these wells apparently weren't all on line in that month, either still cleaning up and or completion of drilling (see Feb RNS). For the Company to say 70% increase from Jan production tells us what exactly? Also in earlier RNS I though there had been no disruption to operations from the fire. Then they say something completely different. The company has lost my trust, and most likely that of the market.

[bengal1] 24/10/2022 22:36

The bond issue and CAPEX (that all contributes to debt) would be fine if overall production increased. From what I can see there is a significant overall decline. How will the Company repay its current debt of $30m ish. Just answer that question Pp.

[crimestoppers1] 24/10/2022 22:12

potential legal snafus related to corruption can have a significant effect on stock price. especially with the newly appointed anti corruption czar from the US government on his way to Paraguay now.

[bengal1] 24/10/2022 22:12

Look at the accounts. You are only looking at revenue (money coming in). The money going out and increase in debt (and previous placings) is more than the money coming in. This is 101 balance sheet stuff. Really Pp.

Third party financial borrowings in Argentina non-recourse to Group of US$22.9 million (H1 2021 US$5.9 million) with such increased borrowings arising from material new capex spending, including drilling and investments made in Argentina.

[crimestoppers1] 24/10/2022 22:05

does PPC AKA MEN have its response ready for corruption allegations?

[bengal1] 24/10/2022 21:04

The Company is not making money and communicates smoke and mirrors around profit and debt. Double the debt of last year and production/revenue now decreasing. You used to kindly post the production figures. Why have you stopped?

[rich2006] 24/10/2022 20:28

Looks like much needed progress on all fronts

[bengal1] 24/10/2022 20:19

Yes, but the debt we are now carrying is huge. We have significantly increased debt for significantly lower production. No oil production business can survive with this kind of business model. I presume the terms and conditions of the 2015 Paraguay deal have been fully complied with? Suggest you look that up. I suggest you look at the balance sheet accounts and put your market cap view to one side. Then shout from the roof tops if you haven't jumped off.

[chris cat] 24/10/2022 14:21

AIE...I think the fact that we haven't seen the production numbers for a few months might be a clue to how they are performing. I have kept a spreadsheet with them since Feb 2020, the last ones that I have are May 22. Unless I have missed them (I took a longer break in the summer) then PP hasn't put them on here. PP - apologies if you've posted and I missed them.

[bengal1] 24/10/2022 14:21

Placing anyone?

[bengal1] 24/10/2022 14:20

Previously we were told that the fire had no effect to operations. This was blatant.

[bengal1] 24/10/2022 14:19

But it doesn't say that, does it.

[all in eol] 24/10/2022 14:18

Piperpeter24 Oct '22 - 13:55 - 80 of 80

At last we should see good production rise in Argentina with the new salta wells producing and things back to normal after the fire.