Pennpetro Energy Share Discussion Threads

[jungmana] 22/7/2024 08:06

Anyone have an idea on the production rate of these wells? Looking at their historical figures is not much for each well usually less than 100 bopd

[pirates4] 22/7/2024 08:05

Seems to be at this pace

[pirates4] 22/7/2024 08:04

An overriding royalty interest (ORRI) is an interest carved out of a working interest. It is: A percentage of gross production that is not charged with any expenses of exploring, developing, producing, and operating a well.

[firestorm911] 22/7/2024 08:03

Good shs

Happy Monday.

Regards,
F911
RMC

[talais] 22/7/2024 08:01

3p gone, Ha Ha

[pirates4] 22/7/2024 07:58

Fun's already started. Before the opening

[bmwman3] 22/7/2024 07:56

Quit your jibber

[firestorm911] 22/7/2024 07:36

Morning all fans, friends and followers


Good shs, we may see Mama's much-taunted 5p-10p this time.


Enjoy
Regards,
F911

[pirates4] 22/7/2024 07:06

https://www.sharesmagazine.co.uk/news/market/LSE20240722070007_5274489/globalvision-drilling-contractor-texas-oil-wells

[pirates4] 22/7/2024 07:04

News out..?MenuMarket & Company NewsGlobalvision Drilling Contractor Texas Oil Wells22 July 2024, 07:00Source - LSE Regulatory?RNS Number : 1841XPennpetro Energy PLC22 July 2024 Pennpetro Energy PLC("PPP" or "Pennpetro") Globalvision Books Drilling Contractor for Texas Oil WellsLondon, 22 July 2024 - Pennpetro Energy PLC (LSE: PPP), advises that Huston Texas based drilling contractor, J&J Drilling International LLC, have now been engaged by Globalvision International U. LDA ("Globalvision") to start in early August to work on the oil wells in Gonzales County, Texas.Pennpetro announced on 17 July that it had signed a Heads of Terms ("HOT") with Globalvision International U. LDA ("Globalvision"), whereby it plans to buy all of the shares in Pennpetro's subsidiary in Texas Nobel USA Inc ("Nobel") in exchange for a life of asset currently estimated at around 30  years oil sales revenues through a 12.5% Overriding Royalty Interest ("ORI") on the Texan oil wells  - City of Gonzales #1 well, Chalk Talk #1 well, Chalk Talk #4 well and Whistling Straits #5 well in Gonzales and a 10% profit share on any other wells drilled or developed within PPP's 2,036 acres in Texas.Refer to previous Pennpetro RNS for further details of the Globalvision transaction for Pennpetro's Texas operations and estimates for time for closing of this transaction.Tom Evans, Pennpetro Energy's CEO said: "As previously announced, both parties are working well together to complete all of the documentation required to close this important transaction for Pennpetro by month's end and I'm very pleased to inform shareholders that Globalvision have informed me that that they have now booked their drilling contractor for the Texas oil production operations. J&J Drilling International are scheduled to mobilise to site in the early part of August. I look forward to providing numerous updates to shareholders as we move to close this important transaction for the Company and from the operations as they progress."  -ENDS-

[kemche] 22/7/2024 02:23

You should OF learned grammar.

[bmwman3] 22/7/2024 00:43

You shouldn't of shorted

[kemche] 21/7/2024 22:25

NT to buy tomorrow. BLUE by COP!

GLA LTHers!

[maverickps123] 21/7/2024 22:07

Please don't buy it's being ramped as some people are stuck!

[talais] 20/7/2024 14:52

This will be signed off this week,Today 14:51To start work on theses wells beginning AugustFrom RnsBoth parties are aiming to complete the transaction by month end (subject to completion of formal documention) with Globalvision planning to start optimisation works on the oil wells associated with the 12.5% ORRI to commence at the beginning of August with oil production to commence within the coming months.

[talais] 20/7/2024 06:13

Look at June 20 rnshttps://upland.energy/

[pirates4] 19/7/2024 22:12

Don't worry I've posted very old news bot relevant.

[pirates4] 19/7/2024 18:09

https://upland.energy/proposed-farm-in/

[pirates4] 19/7/2024 18:08

Also looking to the future..Looking to the future, Pennpetro said that a recent scouting trip to Tunisia had reaffirmed its interest in establishing a foothold in the country.

[kemche] 19/7/2024 16:49

BLUE by COP on Monday!!!

[pirates4] 19/7/2024 15:58

Just a tick over 15 million Shares traded, compared to 80 plus million on Wednesday and Thursday trading.

[kemche] 19/7/2024 15:57

MMs short of shares. Classic treeshake.

BLUE by COP!!!

[nasarsaddique] 19/7/2024 15:55

Does anyone know the value of the Nobel shares?

[deltalo] 19/7/2024 15:54

Loads of buy orders waiting, auction.