President Energy Share Discussion Threads

[piperpeter] 14/6/2022 14:43

Numbers in relation to production testing programme at Dos Puntitas DP-2003 well...

PPSA.ST.DP-2003.

Febrero '22......Petroleo 0.065,100 [m3]
Marzo '22........Petroleo 0.146,722 [m3]
Abril '22........Petroleo 0.104,750 [m3]
Mayo '22.........Petroleo 0.105,185 [m3]

Accum. hasta Mayo de 2022 0.421,757 [m3]

Beware dots and commas.

Pp.

[all in eol] 14/6/2022 14:28

Piperpeter14 Jun '22 - 14:07 - 590 of 590
0 0 0
Numbers in relation to production testing programme at Dos Puntitas DP-2001 well...

PPSA.ST.DP-2001.

Febrero '22......Petroleo 0.182,543 [m3]
Marzo '22........Petroleo 0.066,481 [m3]
Abril '22........Petroleo 0.162,691 [m3]
Mayo '22.........Petroleo 0.163,367 [m3]

Accum. hasta Mayo de 2022 0.575,082 [m3]

Beware dots and commas.

Pp.

[piperpeter] 14/6/2022 14:07

Numbers in relation to production testing programme at Dos Puntitas DP-2001 well...

PPSA.ST.DP-2001.

Febrero '22......Petroleo 0.182,543 [m3]
Marzo '22........Petroleo 0.066,481 [m3]
Abril '22........Petroleo 0.162,691 [m3]
Mayo '22.........Petroleo 0.163,367 [m3]

Accum. hasta Mayo de 2022 0.575,082 [m3]

Beware dots and commas.

Pp.

[bengal1] 14/6/2022 14:03

Trying to work out which company you are referring to!!!

[brasso3] 14/6/2022 12:47

Oil and Gas companies across AIM have been the place to be the last 6 months.

There is one company that does not seem to be able to prosper from high oil prices though...

[piperpeter] 14/6/2022 10:03

Rob Shepherd,
Group Finance Director, President Energy Plc.

Rob,

As a shareholder and Company employee, are you happy with the Company share price, not only currently but also over the past many years, and if not, do you have a solution as to what should be changed to entice the market to take notice of President Energy Plc?

Do you agree that this situation has gone on far too long now and that major changes are necessary for the good of everyone connected with the Company, and of course, the shareholders?

The share price is currently 11.6% lower than at the time of the last AGM, which I believe is unacceptable. Do you agree?

Not one single share purchased so far today!

And the GBP31 million market cap is, I hope you also agree, shameful.

Pp.

[piperpeter] 14/6/2022 09:17

One day closer to the AGM.

Pp.

[piperpeter] 14/6/2022 09:07

One day closer to the release of the full year audited Report for 2021.

Pp.

[piperpeter] 14/6/2022 08:29

One day closer to an update on the four new wells.

Pp.

[chris cat] 14/6/2022 08:21

Given the interest on the debt, I am not convinced that we are massively profitable in Argentina, hence the focus on EBITDA rather than bottom line profitability. We will benefit to some extent from increased prices but look at our recent production figures which are dropping month on month.

[bengal1] 13/6/2022 23:36

The cost of the Salta Wells will reduce the profit for 2022. Worst case might be taxed an additional 10% on profits above the $8m threshold. Say full year is $16m profit (from Argentina operations only), and I would be very happy with that. Yes, we could end up paying an extra $800k tax in accordance with an associated windfall policy. Pretty daft for a country that wants to entice the big oil players, possibly leaving more future market share for PPC share if they are put off. Weirdly good for the company. It would also be nice if the company was actually making extraordinary profits. If it was it wouldn't be sitting at this price. Trafigura, and other commodity traders on the other hand have made huge profits.

Also... Fernández did not say which sectors would be targeted for the tax, but cited the rise in wheat, sunflower and maize prices in recent months – all products of which Argentina is a major exporter, along with beef. Guzmán has previously stated that the government’s measure would affect only "very large companies in Argentina". Last month, the British government announced a temporary windfall tax on oil giants benefiting massively from surging crude prices.

[officerdigby] 13/6/2022 22:40

https://oilprice.com/Energy/Energy-General/Argentinas-Plan-For-Windfall-Tax-On-Energy-Is-A-Dangerous-Move.htmlIt gets worse!

[piperpeter] 13/6/2022 22:40

Rob Shepherd,
Group Finance Director, President Energy Plc.

Rob,

Are you personally happy with the Company share price, not only currently but also over the past many years, and if not, do you have a solution to what could possibly be changed to entice the market to take some, or any, notice of President Energy plc?

Do you not think this has gone on far too long now?

The GBP31 million market cap is, I hope you agree, shameful.

Pp.

[piperpeter] 13/6/2022 19:07

I'm hoping the Company doesn't drag out the release of last year's final results for much longer.

Pp.

[piperpeter] 13/6/2022 13:33

Has the Company received the US$4 million from CPC Corporation yet?

Pp.

[piperpeter] 13/6/2022 13:28

Doesn't seem possible that we could be drilling Paraguay in around fifteen weeks time, does it?

Pp.

[piperpeter] 13/6/2022 13:03

chris cat,

Probably best to wait for the Company update on the new wells.

Pp.

[brasso3] 13/6/2022 11:59

Chris

If they had of paid off the IYA loan with the $11m we would be above 2p now. That is not in everybody's interest though!

Do you really think this 3 well programme has really only cost $11m? I suspect its more like $12 - $13m as its about 3 - 4 months behind schedule.

[chris cat] 13/6/2022 11:41

Oil Production in May is less than April on a pro-rata daily basis, Gas production in May is lower than April, which was lower than March. Oil production in April 21 was 8,283,923 and in May 21 was 9,053,542. Gas in April 21 was 4,159,609 and in May 21 was 6,106,850. Anybody got any idea where our $11m investment in new wells has gone?
What if we hadn't spent the $11m and just muddled by with declining production, would we be in a better position?

[all in eol] 13/6/2022 07:19

ATOME is gaining traction by demonstrating its capability to convert words into action and progressing large scale projects into reality and is actively reviewing a number of additional potential prospects in varying geographies to expand its portfolio of production projects in line with its growing reputation.

[bengal1] 13/6/2022 07:08

Rather good news.

[all in eol] 13/6/2022 07:06

ATOME ENERGY PLC

("ATOME" or the "Company")

ATOME appoints AECOM as its Owner's Engineer for the world scale 60MW Villeta Project

ATOME Energy (AIM: ATOM), the international green hydrogen, ammonia and fertiliser production company with current large scale projects in Europe and South America as well as its own green Mobility Division for transport, provides a progress report on its recently announced, near term, world scale 60MW project in Villeta, Paraguay ("Villeta Project") .

Highlights

-- Following a competitive bidding process, ATOME has appointed AECOM as its Owner's Engineer for the Villeta
Project

-- Against the background of the growing global energy and food crisis, ATOME moves swiftly to the next stage on its
Villeta Project

-- The Villeta Project already benefits from a signed binding power purchase agreement with 24/7 baseload available
power now

-- AECOM is a US based multi-national Fortune 500 infrastructure consultancy firm with nearly 50,000 employees
worldwide and the necessary multi-discipline resource pool for the Villeta Project

-- AECOM will act as ATOME's representative intended to oversee and deliver the Villeta Project to completion

-- ATOME expects to be in large scale production of green hydrogen and ammonia for the fertiliser market by 2025

-- ATOME's other large-scale projects in Paraguay and Iceland, in aggregate being in excess of 350MW, are
progressing in line with expectations

-- In parallel, ATOME's Mobility Division is progressing its project to generate hydrogen for heavy road transport,
with first revenue generation set for the first part of 2023 onwards

[officerdigby] 12/6/2022 19:42

No idea what the battery is, but I believe the way it works here is the flow after drilling is poor (so they don't say). Even though they give dates when flow starts etx. Then they do various treatments (eg acid) take a long time and then the subsequent flow rates comes up slowly after the treatments reach whatever. And only then do they tell the mushrooms...

[all in eol] 12/6/2022 18:31

Piperpeter11 Jun '22 - 16:44 - 589 of 589
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My view only;

I am now of the opinion that production in Salta stated as being "on stream to the battery" is not included in the official monthly production figures. I assume it is being treated within the battery before going into the sales line. And/or possibly it's going into storage tanks before ultimately going to sales...

REPORTE DE PRODUCCION.
PRESIDENT PETROLEUM S.A.
NEQUINA + NOROESTE.

Febrero '22......Petroleo 6.695,529 [m3]
Marzo '22........Petroleo 6.703,412 [m3]
Abril '22........Petroleo 6.503,667 [m3]
Mayo '22.........Petroleo 6.634,636 [m3]

Febrero '22......Gas 3.527,889 [Miles de m3]
Marzo '22........Gas 3.530,081 [Miles de m3]
Abril '22........Gas 3.432,339 [Miles de m3]
Mayo '22.........Gas 3.401,796 [Miles de m3]

Beware dots and commas.

Repeat - this is my view only.

Pp.