Pennpetro Energy Share Discussion Threads

[bad gateway] 21/3/2024 16:08

emailed that addy twice. No response either time. Given phone no. goes unanswered too.

[wrtmf] 21/3/2024 16:04

everyone should try and get some response from the company

[wrtmf] 21/3/2024 16:03

bid falls below 1p
no operational/sales update since 28dec
mcap £0.95m
100m shares

-these are my numbers, some guesstimates, some from data in the public domain
-the company may not feel obliged to update shareholders, but it is obliged to update a north american authority

--
oil sales income after royalties and taxes:
-20dec $255k for selling 4599 barrels in nov [rns 28/12/23]
-20jan $331k for selling 5970 barrels in dec [ie, 331k = 255k *5970/4599]
-20feb $382k for selling 6902 barrels in jan*
-20mar $409k for selling 7378 barrels in feb*
[total $1377k]

*production numbers filed up to the 26th of the month
the above incomes are not adjusted for fluctuating wti crude price

--
wti crude price
averaged about $75-76/b through the latter part of nov when ct1h really got flowing
averaged about $73/b through jan
averaged about $76/b through feb
averaged about $80/b through mar

--
interesting
$255k/4599 barrels = $55.45/b to ppp after royalties and taxes [dec]
potentially $60/b to ppp in apr

--
ct1h well testing continues 4 dec rns [av 161 bopd, peak 410 bopd, 4827 b in nov]
ct4h workover commenced 8dec2023

dec production [guesstimates]
ct1h 170 bopd - month 5270 over 31 days
ct4h 50 bopd - month 700 over 14 days
total 5970

jan production [public domain]
ct1h 188 bopd - month 5452 over 29 days
ct4h 50 bopd - month 1450 over 29 days
total 6902

feb production [public domain]
ct1h 188 bopd - month 5828 over 31 days
ct4h 50 bopd - month 1550 over 31 days
total 7378

this is my take on the situation, no advice intended

--
footnote - 5 bopd reported for ct3h oct-dec 2023 [public domain]
oct 150 barrels
nov 155
dec 155
shut in since jan

whistling straits 5h was drilled in mar/apr 2023 as sidetrack from the ct3h

[wrtmf] 21/3/2024 16:02

i wasn't paying attention earlier and overlooked andrbea's bb had jumped to the top
a repost coming up...

[wrtmf] 21/3/2024 15:44

everyone should try and get some response from the company

[bad gateway] 21/3/2024 13:16

Thanks for posting wrtmf. Not bad no's for the size of the co. no reason not to have updated on production then? Maybe waiting for ct4h to clean up perhaps?
Hope they haven't just been trying to get shares out of the hands of pi's and into Peel Hunt's.

[wrtmf] 21/3/2024 10:33

bid falls below 1p
no operational/sales update since 28dec
mcap £0.95m
100m shares

-these are my numbers, some guesstimates, some from data in the public domain
-the company may not feel obliged to update shareholders, but it is obliged to update a north american authority

--
oil sales income after royalties and taxes:
-20dec $255k for selling 4599 barrels in nov [rns 28/12/23]
-20jan $331k for selling 5970 barrels in dec [ie, 331k = 255k *5970/4599]
-20feb $382k for selling 6902 barrels in jan*
-20mar $409k for selling 7378 barrels in feb*
[total $1377k]

*production numbers filed up to the 26th of the month
the above incomes are not adjusted for fluctuating wti crude price

--
wti crude price
averaged about $75-76/b through the latter part of nov when ct1h really got flowing
averaged about $73/b through jan
averaged about $76/b through feb
averaged about $80/b through mar

--
interesting
$255k/4599 barrels = $55.45/b to ppp after royalties and taxes [dec]
potentially $60/b to ppp in apr

--
ct1h well testing continues 4 dec rns [av 161 bopd, peak 410 bopd, 4827 b in nov]
ct4h workover commenced 8dec2023

dec production [guesstimates]
ct1h 170 bopd - month 5270 over 31 days
ct4h 50 bopd - month 700 over 14 days
total 5970

jan production [public domain]
ct1h 188 bopd - month 5452 over 29 days
ct4h 50 bopd - month 1450 over 29 days
total 6902

feb production [public domain]
ct1h 188 bopd - month 5828 over 31 days
ct4h 50 bopd - month 1550 over 31 days
total 7378

this is my take on the situation, no advice intended

--
footnote - 5 bopd reported for ct3h oct-dec 2023 [public domain]
oct 150 barrels
nov 155
dec 155
shut in since jan

whistling straits 5h was drilled in mar/apr 2023 as sidetrack from the ct3h

[nigoil] 21/3/2024 08:27

What's happened to your tip purple11, good job I didn't follow your advice and buy PPP @ 2.3p......:-)

What a pile of sh#t

88e is the kiddy!

Simples!...... :-)

[purple11] 21/3/2024 04:26

youre just like all the other adfvn nobodies dishing out your guru ramps while taking losses all over the place.its just pot luck with you.


you wont last long.

[purple11] 20/3/2024 21:20

xXTiPSXHEETSXx

[purple11] 20/3/2024 21:12

xXTiPSXHEETSXx

see CR Thread

[purple11] 20/3/2024 21:01

we dont do losers mate you die with your dignity and your blown account.


LIKE I SAID I TAKE LOSSES ALL THE TIME AND THIS DIDNT HURT ME ONE BIT.
BUT YOU WERE STILL HOLDING AT 1,90P AS IT SAYS IN THE POSTS.YET YOU SAY YOU WENT AT THE TOP. YOURE A LIAR AND BAD NEWS.YOU LOSE PPL MONEY.AND YOU CALLED THIS LIKE A CLOWN
i give you 12 months and youll be gone like all the others.

bye

FILTERED

[purple11] 20/3/2024 20:53

and you lie

thats bad news and wont make me any money


FILTERED

[z1co] 20/3/2024 20:53

Get some sleep , you never know you might get a biggy tomorrow , that's how it works.

[z1co] 20/3/2024 20:51

Made a wee bit of money in Helium because i bought quite a lot at around 1.70 to 1.90.

Was hoping to make substantially more ...

[z1co] 20/3/2024 20:47

Not exactly ,i sold out due to the delay in news.

I have suffered in the past due to delays.

If the company does NOT issue news when it suppose to i SELL

[purple11] 20/3/2024 20:46

ZICO THE CLOWN

[z1co] 20/3/2024 20:44

You're posting on my threads so how could i be following you.

WOW