Share Name Share Symbol Market Type Share ISIN Share Description
President Energy Plc LSE:PPC London Ordinary Share GB00B3DDP128 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.75p 6.50p 7.00p - - - 175,891 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.0 -16.6 -2.0 - 64.37

President Energy Share Discussion Threads

Showing 45026 to 45049 of 45050 messages
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DateSubjectAuthorDiscuss
15/8/2017
22:23
Heads Up on MATD MATD HUGE news today, Fallen from 32p when Bergen deal was announced and now NO MORE DILUTION till Mid Oct.. .MASSIVE upside with 2 Billion barrel prize Drilling next month! Back to 30p levels soon.
timw3
15/8/2017
19:30
Yes I think that is certain. If they can get 800 BOPD by the end of August then an action packed September will have to happen.
brasso3
15/8/2017
19:27
Aug & Sept (definitely) will be better
android2
15/8/2017
19:26
I am concerned where we are in 6 weeks time. I low average from July was to be expected as per the last RNS by the company 2 weeks ago:- Argentina Argentinian production is currently limited by the significant ongoing infrastructure works at the Concession including installing five new surface pumps, photographs of two of which can now be seen on the Company's Twitter feed, lifting and cleaning out of existing downhole pumps, laying of production lines prior to hooking up new producing wells and the commissioning of two new water disposal wells to handle increased water generation arising from the new production wells. All these works are expected to be completed during September. Accordingly, with the workover programme still continuing, whilst production is presently constrained to a maximum of approximately 600 bopd President intends to bring on stream an additional four producing wells during September with a further three wells, which are currently working at sub-optimal capacity, brought up to full volume within that same time period and a three well stimulation campaign also slated for that month.
brasso3
15/8/2017
19:08
Android Stop it!!! :)
brasso3
15/8/2017
17:57
Arg 483bopd July
android2
15/8/2017
07:59
Come PL lets have another update. 6 more weeks until the end of September. It would be nice to hear that we are moving closer to 1200 BOPD.
brasso3
08/8/2017
19:17
Some PPC coverage from 8min 13sec onwards. Http://www.malcysblog.com/2017/08/vox-markets-podcast-malcy-providence-resources-genel-energy-president-energy-amerisur-resources/
brasso3
03/8/2017
20:19
PL has said that they are looking for producing assets in Argentina. If they do buy something I would imagine he will be targeting $5 per barrel P2 reserves in the current climate (WTI ~$50). Maybe he will even be looking more at natural gas. PPC had around $17.6m at the end of 2016. The cost of the 10 well workover programme was estimated to be ~$10m in 2017. The average production so far this year from all assets is about 700 - 800 BOPD. 750 BOPD x ($48 - $20) x 210 days = $4.4m (net backs). From the above it is fair to assume that PPC will still have close to $10m in the bank. They are not in a desperate situation where they need to do a placing to keep afloat. However, if the right asset came along at the right price I think we should be open to a placing.
brasso3
03/8/2017
10:33
It feels like a placing with these RNS & Broker change. Previously they couldn't care less about updating the market on incremental workovers and drills, we'd have been lucky to hear about them in the results. Yet all of sudden they seem to care about market perception, hmmmm.
gray1107
03/8/2017
10:18
If there is any sniff of a placing this will not move up for months. Why would it?
m12rtn
02/8/2017
17:38
President Energy A general update from PPC today including the news from PG-19 which has been doing a workover on a well that had been shut-in for 19 years having already produced 450/- barrels of oil. After cleaning, perforating and doing an acid stimulation liquids flowed and the oil cut appears to be about 10% having been only 25% way back in the past. PPC should therefore get 50-75 b/d once a downhole pump is installed and it will be connected to the Puesto Guardian battery. After that the rig will move to PG-20 onto a well that has been shut-in for 15 years and produced 650/- barrels so far. Whilst this is occurring there are ‘significant’ ongoing infrastructure works at PG, including installing five new surface pumps, lifting and cleaning of existing downhole pumps and laying of production lines for new producing wells and commissioning new water disposal wells. Finally in Louisiana, having had a shut down due to heavy rains production is back and the newly acquired Triche well is performing in-line with expectations. As a result of all this production is currently constrained to 600 b/d but during September PPC will bring on an additional four producing wells, three more will be added that are being raised from sub-optimal to full volume and in addition a three well stimulation campaign will start. Clearly there is much going on in Argentina and Peter Levine makes the point that much is being learned in country which will enable the it, along with its contractors to “move on to actively consider acquisitions of producing assets in the core heartlands of hydrocarbon production in Argentina”. It is clear that with this solid base being provided by successful workover activity PL is now seriously considering the next stage of development for the company, already well undervalued the market will soon I suspect also come to realise it as PPC moves forward. www.malcysblog.com
brasso3
02/8/2017
07:45
or drill another horizontal well at Dos Punitas...
brasso3
02/8/2017
07:37
We need to confirm the Paraguay oil discovery by way of farm out or placing the impact would be significant if they did bolt on some producing assets $20-40 million would get this baby moving
rizzzla
02/8/2017
07:36
Android. Looks like this ties in with the numbers you were posting for June. I stand corrected and clearly the government figures are quite accurate. Apologies for questioning your figures.
brasso3
02/8/2017
07:34
I hope PL keeps with this trend of putting our RNS every 1 - 2 weeks. This will get the share price moving as there is nothing better than good communication on the AIM casino.
brasso3
02/8/2017
07:27
I am happy with that RNS. 600 BOPD with multiple wells still to come online and several more workovers to come. Should be around 1200 BOPD by the end of September. Current gross production of 900 BOPD. M12rtn They have been talking about acquisitions for some time. I do not see how you convert that statement into a placing though. I do not care about placings if it is to purchase producing assets with P2 reserves. The bad placings are the ones that are needed for 'working capital' (translates to we are skint)!
brasso3
02/8/2017
07:07
And there's your placing statement! "This capability is of significance as we move on to actively consider acquisitions of producing assets in the core heartlands of hydrocarbon production in Argentina".
m12rtn
01/8/2017
07:26
9 weeks until the end of September...
brasso3
01/8/2017
07:14
He has that on copy and paste
rizzzla
31/7/2017
08:43
I thought he had already posted that dozens of times!
jkelly8653
30/7/2017
10:44
That was worth a double post Chopper. Any news from the Bridge re transfers?
kingyon1
29/7/2017
23:13
Double post.
chopper harris1
29/7/2017
23:07
You don't need predictive powers when debating PPC. Their past record speaks for itself, as LR2 appreciates. It's a pity that more don't remove their rose-tinted glasses and start getting a bit more realistic about this company and its management. Brasso wondered recently why no production figures had been included in recent updates. I'm surprised that he even posed that question, given that Brasso is the most realistic and balanced of the regular posters on this thread. Any PPC historian will tell you that when the company omit or are vague about details in their RNSs, then the news is highly unlikely to be what the company's shareholders are expecting it to be. Study the company's history. And if anyone is gullible enough to think that the company will not have another placing because the company has indicated to the contrary or you think that revenue from current production negates that option then.........study the company's history. There are nearly ONE BILLION shares in issue. Anyone who thinks that the company will do another placing and not take the opportunity to make their share price and number of shares in issue appear more respectable by undertaking a consolidation should really wake up and smell the coffee.
chopper harris1
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