Pennpetro Energy Share Discussion Threads

[purple11] 28/3/2024 12:42

they cant

theyre just a totally useless ,incompetant team.

however there are only 100m shares in issue and the ticker(listing)is worth this price.

if they can carry on and achieve anything of note then from here this could easilly multibag.

for me its a worthwhile punt.gl

[wrtmf] 28/3/2024 10:49

hey pennpetro,
justify working over ct4h, getting it to flow oil, then shutting it in
justify not opening up cog1h from 2021 onwards

[purple11] 28/3/2024 10:12

Directors,if you can call them that,should step in and buy some here.but theywon't.

from here it either multibags for the patient or gets suspended and a total loss

[wrtmf] 26/3/2024 07:43

at the following flow rates the monthly income would be highly significant:
ct1h 140-170
ct4h 50-70
cog1h 75-125
ws5h [hit a concentration of fractures, i vaguely recall] 150-200

415bopd

concentrate on doing the above right and forget other ventures in 2024

[purple11] 25/3/2024 21:14

Peel Hunt buying again.


now could be the time to step in gl

[nigoil] 25/3/2024 18:08

The poster known as wrtmf seems to have got his maths wrong, very wrong, could he be purple11?

88e is the kiddy!

Simples!.... :-)

[wrtmf] 25/3/2024 17:38

rns read as if down hole work was completed

'With respect to the CT4H well testing, this well was temporarily put to test, producing approximately 600 barrels of oil before being shut in again to allow all efforts on site to be directed towards the remedial repair works on the CT1H well.'

[shortcpx] 25/3/2024 17:19

Just tweet at the FAR on X.

[nigoil] 25/3/2024 17:10

Oh dear, deary deary me... 0.7p close, what's happening purple11?

A lot of peeps have lost a lot of hard earnt on purple11 advice!.... :-(

88e is the kiddy!

Simples!...... :-)

[bad gateway] 25/3/2024 13:53

Only justification I can come up with is they don't want the crew who screwed up ct1h touching ct4h?

[wrtmf] 25/3/2024 13:44

rns - another 1.1m for peel hunt
13.13%

unless ct1h and ct4h are the same downhole start, i don't see the justification for ct4h shut in, having gone to the trouble of workover completion

it looks like $80/b is going to be achieved for march sale

[kemche] 25/3/2024 12:03

IAF, Have you heard anything from your sources?

[z1co] 25/3/2024 10:29

Nice one kemche , obviously and as usual you mean the opposite !!1

[kemche] 25/3/2024 10:27

I continue to average down. Leni has NEVER let me down. 100% success rate.

[purple11] 25/3/2024 09:37

im back in .chances of a multibagger improved dramatically from these levels gla

[shortcpx] 25/3/2024 09:36

I thought the fat Aussie ramper was supposed to pump the share price. Lost his magic...

[bad gateway] 25/3/2024 09:09

Did the well intervention procedures to fix the technical issues cause the holes making things worse and is that why the president walked?

[wrtmf] 25/3/2024 08:20

they do not address why they have filed completely different production numbers elsewhere

[why leave ct4h shut in, to potentially block up?]

[bad gateway] 25/3/2024 07:32

Disappointing they've had issues but the acreage sounds like it may flow well enough for a co. of PPP's size.
Think more damage was done to the share price through their silence than would have happened if they'd come clean straight away.

[wrtmf] 22/3/2024 10:43

a 777k sell and 15% hasn't been wiped off the mcap [yet...]
that's novel!

overnight wti crude skated along $80.50/b for about 5hrs
now back at 81
if it holds a little longer, we're looking at 80/b av for march feeding into 20apr
probably the highest sales price received so far for the chalk talks

[nigoil] 21/3/2024 17:09

"Hope they haven't just been trying to get shares out of the hands of pi's and into Peel Hunt's."

There is no chance of that, purple11 says he is going to hold his forever!..... LOL

2.3p down to 0.9p....Oh dear!

Let's face it PPP is dead in the water!.... :-)

88e is the kiddy!

Simples!..... :-)

[wrtmf] 21/3/2024 16:26

thanks bg

i got a failed delivery notice for following, a while back
[e-mail] [its in the agm rns of 11jan]