Pennpetro Energy Share Discussion Threads

[phil mcavity] 19/7/2024 09:42

Russians and / or Chinese --- AGAIN

[talais] 19/7/2024 09:35

No Rns today due to outage, could get one this afternoon,

[talais] 19/7/2024 09:20

Major outage across the world

[pirates4] 19/7/2024 09:07

It will show soon

[doom loop] 19/7/2024 09:02

what happened to 130m shares and 82m shares traded?

[talais] 19/7/2024 06:30

4.5 plus https://x.com/Share_Talk/status/1814026182523797923?t=FLNrKG55EYQ94lpY2bf4Ag&s=19

[pirates4] 18/7/2024 21:52

Tom Evans, Pennpetro Energy's CEO said:'Pennpetro has fortuitously gone from having a minority interest in just the Whistling Straights #5 well, to now having operatorship and a 100% interest in four (4) potential oil production wells in Gonzales County in Texas.  This is a big game changer for the Company.''Yesterday we completed the legal transfer of the oil assets in Texas with Millennium, giving Pennpetro the operatorship of the Whistling Straits #5H well and access to 100% working interest in two nearby oil wells. Over the coming weeks and months, the Company will be working with its management and consultants to bringing the Chalk Talk #1H and #4H wells back online, flow testing the Whistling straits 5H well and potentially bring back online the 100% owned City of Gonzales #1 (COG #1) well that Pennpetro was forced to shut in over the Covid period.''Chalk Talk wells initial production rates ranged from 100-400 barrels of oil per day, so we are optimistic that we could see the Chalk Talk #1H and #4H wells providing PPP with some good oil production numbers in future. The recent placings have also brought forward the possibility of us putting our COG #1H well back into production since it was shut-in over the Covid period.''As we previously reported, Millennium, the previous Operator of Whistling Straights #5H well unsuccessfully installed a jet pump to clean up the well and until now has yet to recover all the load water used during drilling and completion, from the well. Our plans are to change to an electrical submersible pump (ESP), which has the benefits of having a positive displacement pump, to recover the remaining drill fluids to surface and bring on the oil.'

[pirates4] 18/7/2024 21:50

This was July 2023HighlightsCompletion of acquisition of 100% Working Interest and operatorship in Whistling Straits #5H well100% acquisition of 10 tracts, increasing Gonzales footprint by 2,036.38 acresGiving exclusive rights to 100% WI in two other adjacent developed wellbores (Chalk Talk #1H & #4H)Engineering studies to commence to bring back on the City of Gonzales #1 well which Pennpetro drilling in 2018 and shut-in in 2020Company fully funded to bring all wells into near-term productionTom Evans, Pennpetro Energy's CEO said:

[talais] 18/7/2024 20:58

A massive deal like this and no media interview, there more news to come,

[skasher094] 18/7/2024 20:41

Exactly why would they need to raise.? when fully funded

[pirates4] 18/7/2024 20:20

Even 200m would get taken up in half an hour

[jungmana] 18/7/2024 18:31

One and same idiot with multiple usernames.Let's see how this pans out. If no placing then this will quickly multibag.For now am on the sidelines

[jungmana] 18/7/2024 18:29

Another one for the filter

[super duper] 18/7/2024 17:37

That's funny, were not worring about others holding in the morning?



Jungmana18 Jul '24 - 11:13 - 484 of 556
0 0 1
"Yeah, it is indeed, placing shares at 1p. Possibly 200m shares at 1p."

My 200k shares here at 2.80p average is less than 2% of my portfolio. So worry about yourself not my holding




jungmana 18 Jul '24 - 08:04 - 377
0.001000
Be careful chasing spikes, they can be pretty damn expensive.
I had a small 100k shares trade yesterday about 1.3p and got out doubling my money

[talais] 18/7/2024 16:45

UkogRNShTTps://www.shorecap.co.uk/ just bought some shares (over

[talais] 18/7/2024 16:32

Should be an interview tomorrow

[jungmana] 18/7/2024 16:30

If confirmed that are fully funded and won't raise soon this could go to 10p imo.

[jungmana] 18/7/2024 16:26

100m in issue and traded 130 million today.Insane volume

[iamthemagnificent] 18/7/2024 16:24

Which morons were buying today after such a massive spike ?

[datait] 18/7/2024 16:14

😂😂😂

[talais] 18/7/2024 16:09

Fully funded by joint venture

[pirates4] 18/7/2024 16:08

Scaremonger

[datait] 18/7/2024 16:07

Sorry no meant to repeat

[datait] 18/7/2024 16:06

Placing 1.5 maybe 1p its coming. Watch this space seen it so many times.