President Energy Share Discussion Threads

[starguitar] 12/6/2021 11:13

I totally agree BB. Long term from this point should make investors a lot of money.

[bobbybullet] 12/6/2021 10:01

Agreed. Value being created over time here. H2 will have new drilling then newsflow into H1 2022 will intensify interest here. Next 12 months should be value generative, that's what I'm interested in.

[all in eol] 11/6/2021 19:33

Well, I emailed the company this week to say well done for getting the Paraguay farm in over the line during what must have been difficult circumstances (which are not over yet) Also mentioned the not unsubstantial progress over the last year or so. If I wasn’t happy I would have sold out rather than moan on here. As previously posted I’ve bought more at this level, you pays your money you takes your chance, I strongly believe PPC has turned things around and are on the up. IMO DYOR.

[rizzzla] 11/6/2021 02:17

Just sounds like a lot of whining over nothing

[piperpeter] 10/6/2021 23:51

Simplified, Donegal1997, Tapir x-1 is the third (undrilled) well of the 2014 three well drilling programme. Jacaranda and Lapacho being the two that were drilled. Lapacho is an oil discovery well. Tapir x-1 was "drill ready" back then, but was not drilled. Whether this turns out to be the well that is initially drilled within the partnership with the unknown National Energy Company that has now farmed in to the Pirity Block, we will just have to wait and see. If I were a betting person, that's where I would put my stake. Pp.

[donegal1997] 10/6/2021 19:53

Thanks, any geologists on here able to give a simplified overview of this ?

[edward3] 10/6/2021 19:44

Must be the reason for the delay All in Eol, more jam tomorrow ... 12 months ago they went to the market cap in hand for £2m, Must be killing the clown not getting the begging bowl out again ..

[all in eol] 10/6/2021 19:01

https://wp-presidentenergyplc-2020.s3.eu-west-2.amazonaws.com/media/2021/06/08070224/Delray-Prospects-Paraguay-Jun-2021-Short.pdf

[donegal1997] 10/6/2021 17:14

Brent at 71 USD and it's winter in Argentina, it is a pretty laughable share price even if you account for the price ceiling imposed by the government.

[technohead] 10/6/2021 17:14

Guys - I just heard that the Northern Hemisphere NOC is likely to be Belarus Oil Global Office for Finance more comently known as BOGOFF

[scaleyman] 10/6/2021 15:05

edward3 maybe a different class of gangsters to deal with? More subtle than PL russian experiences?

[edward3] 10/6/2021 14:35

There is no excuse ..100% they would have known the markets was not going to like the delay... it's like they are hiding something which would not surprise me with these clowns running the show ..how childish though they cannot name the northern hemisphere joint venture pathetic bunch of directors ..

[donegal1997] 10/6/2021 14:05

I actually work as an auditor myself and although covid has caused some delays, 6 months post year end should be more than sufficient to get an audit done. Cash/going concern is not an issue so I can only assume there is a delay on something else maybe the revenue or assets. Either way, they will have to provide their accounts for 2021 up to date of sign off to the auditors. Hopefully we don't have to wait to August

[piperpeter] 10/6/2021 13:48

2020 Full Year Trading (The year of pandemic, lock down and oil price collapse). RNS 22 February 2021 - Trading Update and Investor Presentation. Turnover approximately - US$28 million. Free cash generation from operations & treasury income - over US$10 million. Adjusted EBITDA - US$3 million. Average group production - over 2,700 boepd. Average oil price realisation - US$37 per barrel. Well operating/admin costs - US$20 per boe. Capex incurred - US$11 million. Net debt including Treatment Plant loan - US$16 million. Pp.

[piperpeter] 10/6/2021 13:33

There are none so blind as those who will not see. Pp.

[piperpeter] 10/6/2021 13:31

22 February 2021. "President Energy plc Trading Update and Investor Presentation". Pp.

[piperpeter] 10/6/2021 13:29

Read the RNS, 22 February 2021! Pp.

[piperpeter] 10/6/2021 13:25

Get over it! We already know the main numbers! Pp.

[brasso3] 10/6/2021 13:20

petomi It was not an issue for Echo Energy either (based in Argentina). Https://www.echoenergyplc.com/media/1523/2021-05-17_annual_report_web.pdf Maybe the 1p options were not a big enough incentive to the staff!

[piperpeter] 10/6/2021 13:10

Get over it! Pp.

[petomi] 10/6/2021 13:07

If it is so difficult for PPC to produce their accounts on a timely basis how on earth did Argentina-based Phoenix Global manage to get their audited results out in mid-May?.... hxxps://phoenixglobalresources.com/investor-relations/regulatory-news/

[piperpeter] 10/6/2021 12:20

How much is the Company being paid for its gas production in Argentina? 3.5314 million cubic feet per day hedged at US$3,000 per million cubic feet. 1.2360 million cubic feet per day hedged at US$3,400 per million cubic feet. Balance of production earning at last count US$6,500 per million cubic feet. Pp.

[edward3] 10/6/2021 11:47

That's Peters way of thanking shareholders building shareholder value.... as long as he gets his wad of money at the end of the month that all he worries about