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PPP Pennpetro Energy Plc

0.85
-0.05 (-5.56%)
12 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pennpetro Energy Plc LSE:PPP London Ordinary Share GB00BF2K5076 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05 -5.56% 0.85 612,500 11:37:35
Bid Price Offer Price High Price Low Price Open Price
0.80 0.90 0.90 0.85 0.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD USD -319k USD -0.0032 -2.66 852.54k
Last Trade Time Trade Type Trade Size Trade Price Currency
16:17:42 O 62,500 0.80 GBX

Pennpetro Energy (PPP) Latest News

Pennpetro Energy (PPP) Discussions and Chat

Pennpetro Energy Forums and Chat

Date Time Title Posts
11/4/202421:55Texas Gusher336
11/4/202415:03Pennpetro Energy PLC229
02/4/202410:38purple the TWAT is a sad LOSER2
23/5/202318:12Oil shows. Clean up Peach Creek Texas5

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Pennpetro Energy (PPP) Most Recent Trades

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Pennpetro Energy (PPP) Top Chat Posts

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Posted at 13/4/2024 09:20 by Pennpetro Energy Daily Update
Pennpetro Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker PPP. The last closing price for Pennpetro Energy was 0.90p.
Pennpetro Energy currently has 100,299,089 shares in issue. The market capitalisation of Pennpetro Energy is £852,542.
Pennpetro Energy has a price to earnings ratio (PE ratio) of -2.66.
This morning PPP shares opened at 0.90p
Posted at 11/4/2024 21:55 by wrtmf
at the moment ppp comfortably heading for $83/b for 20may sales payment
close to $80/b for 20apr sales payment
Posted at 02/4/2024 05:55 by nigoil
Excellent update from 88e this morning!........;-)

purple1125 Mar '24 - 09:37 - 306 of 325

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

I see purple11 is still losing huge amounts of money and as usual when a share price drops he says he's sold and got back in lower, what a T@SSER!.......LOL


88e is the kiddy!

Simples!.........:-)
Posted at 25/3/2024 09:36 by shortcpx
I thought the fat Aussie ramper was supposed to pump the share price. Lost his magic...
Posted at 21/3/2024 17:09 by nigoil
"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!..... :-)
Posted at 21/3/2024 10:33 by wrtmf
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
Posted at 20/3/2024 10:36 by z1co
purple1120 Mar '24 - 09:09 - 276 of 278(premium)
0 0 0

zico did you have any other winners in the last 2 years or was csfs a fluke?

if you want to see my winners go to CR Thread and look under xXTiPSXHEETSXx .all my trade s are detailed there and theyre all winners.

================================================================

If i recall PRD , i don't think that went very well for you and neither is PPP.

CSFS did really well for me last year and will more than double again this year.

CRCL went up more than 200% after my purchases

BCE up 100%

QED up more than 100% TWICE

nb i also operate a very strict stop loss policy and if i feel it's NOT happening i will sell without any hesitation like i sold PPP on the third trade after having initially done really well for the first two trades.

I also own a decent holding in PIP which i feel will do very well after they issue the next trading news.

Each to their own etc etc ....

PS , still waiting for the news in PPP before i buy again.
Posted at 04/3/2024 08:29 by wrtmf
found this post on another bb, may explain the short bursts of trades posted about previously, its not the whole post, just the most relevant to here

--
luckyabbeygale 1 Mar '24 - 22:19
Tia01,
I am down 40K on my shares overall. I was shafted by over ten different ones within the last 4 weeks. The best ones I cut losses on was HEMO at 3p and is now 2p, HZM at 9.5p and is now 3.5p. VAST at 0.085p and now about 0.060p. PPP at 1.9p and now 1.4p.

Oriole at least saved me from loosing on them ones.

In the end I sold nearly every stock for Oriole, because it helped stop the share price from falling that would of crushed my spread bet.
Posted at 23/2/2024 13:30 by nigoil
What's happened to the PPP sp? purple11 promised us all over on the 88e forum that PPP would be a multi-bagger and suggested we should sell our 88e shares and buy ppp @ 2.3p a few months ago! I'm glad I didn't follow his advice!........LOL

88e is the kiddy!

Simples!.....;-)
Posted at 11/12/2023 12:55 by purple11
Analyst CommentToday 11:54

Pennpetro Energy (PPPP.L, 2.2p, £2m) PPPP said that the (previously announced) workover rig for the Chalk Talk 4H well in Texas has arrived in the field. This is earlier than expected, meaning work can get underway sooner. Investors will be interested to see what impact the workover will have on flowrates. In a separate RNS, PPPP indicated that the (previously announced) farm-in to the UK Oil & Gas (UKOGA.L, 0.03p, £6m) Horse Hill oil field in the UK (once known as the Gatwick Gusher) has been extended to 30 June 2024, which gives PPPP more time to earn in through funding acquisition of new 3D seismic over the field and the cost of a new crestal infill well (HH-3). On completion of this well, PPPP will receive a 49% share of all production derived from HH-3 and future wells plus a 49% WI in the field. With PPPP having limited cash resources to spend outside of Texas, this extension will give them some time to generate some FCF from production to cover costs in UK. Planning permission for the seismic and well could still derail the timetable.
Posted at 04/12/2023 07:09 by purple11
Pennpetro Energy PLC Excellent Oil Production Statistics in Texas (4823V)
04/12/2023 7:00am
UK Regulatory (RNS & others)

Pennpetro Energy (LSE:PPP)
Intraday Stock Chart


Monday 4 December 2023
Click Here for more Pennpetro Energy Charts.

TIDMPPP

RNS Number : 4823V

Pennpetro Energy PLC

04 December 2023

Pennpetro Energy PLC

("PPP" or "Pennpetro")

Excellent Oil Production Statistics for First Full Month in Texas

Highlights:

-- Well testing of PPP's Chalk Talk #1H well in Texas commenced on 1 November 2023.
-- 4,827 barrels produced for month of November.
-- Average daily oil production for November was 161 barrels of oil per day (bopd)
-- 4,468 barrels of oil sold for the month.
-- Extended well testing continues to optimise oil production.
-- Workover rig for PPP's second well (Chalk Talk #4H) scheduled to arrive 14 December.

London, 4 December 2023 - Pennpetro Energy PLC (LSE: PPP), an independent oil and gas company focusing on development and production in the Peach Creek (Austin Chalk) Oil Field in Gonzales County, Texas, USA, is pleased to provide the statistics for the first full month of oil production from the Company's 100% Chalk Talk #1H ("CT1H") well.

Since testing began on 1 November, the CT1H well has produced 4,827 barrels of oil at an average of 161 bopd, including 2 days of no production and including down-time periods for site and pump works. Optimisation work on the well's flow rates continues. The well is seeing increased levels of gas with the oil and on some days, the well has produced extended days of production above 300 bopd with peak daily production reaching 410 bopd.

Oil sales for the month of November totaled 4,468 barrels. Pennpetro has an oil sales agreement in place that will see the oil it sells for the month of November paid to Nobel Petroleum, its 100% Texas subsidiary, on the 20 December.

Nobel Petroleum, the Company's 100% operating subsidiary in Texas, is now preparing for the arrival of the workover rig on or around the 14 December for the workover on its Chalk Talk #4H well.

Tom Evans, Pennpetro Energy 's CEO said:

"These are brilliant results for our first full month of oil production from our CT1H well in Texas, and pleasingly exceeds our original estimates of circa 20 barrels per day. We have seen some days reach oil production rates up to 410 bopd, and we are still waiting for the well to settle into stable production. We are still seeing a generally increasing trend in our daily oil production, which is certainly highly encouraging, and it may take us another month or so to see the well finally settle down to a steady state flow rate. We are also very active in preparing for the arrival of the workover rig to start work on our second well, Chalk Talk #4H, in the middle of this month. We are fortunate enough to have booked the same workover rig and rig crew who did the workover on our CT1H well."

-ENDS-
Pennpetro Energy share price data is direct from the London Stock Exchange

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