President Energy Share Discussion Threads

[piperpeter] 20/6/2022 14:04

Anyone emailed any CEO's of oil majors to enquire whether they are aware of the deep gas prospect being farmed out at PPC' Martinez Del Tineo field?

Pp.

[piperpeter] 20/6/2022 14:00

Anyone emailed any newspaper finance/investment departments to enquire whether they have recently taken a good look at President Energy plc, and are interested in doing a write up on the Company?

Pp.

[piperpeter] 20/6/2022 13:50

Anyone emailed CPC Corporation of Taiwan to enquire when they expect the Tapir 1 exploration well to spud, and also why their partnership with PPC doesn't seem to appear in their own news and events section on their website?

Pp.

[piperpeter] 20/6/2022 13:41

We could do with a Paraguay update.

Pp.

[piperpeter] 20/6/2022 13:38

We pretty much know what they'll say anyway...

RNS 14 February '22 - 2021 Key Trading Highlights (unaudited).

Turnover US$34.2 million.
EBITDA in Argentine alone US$9.5 million.
Free cash generation US$14.5 million.

Possible US$13 million benefit to the profit and loss account.

No material contribution from Louisiana, which is now back in to production, both oil and gas.

Pp.

[piperpeter] 20/6/2022 13:26

Now I'm beginning to wonder whether last Thursday's statement was actually the announcement that the 2021 Results will be published before the end of this month, along with an update of current trading..

Anyway, the deadline is 30 June, Thursday of next week, maximum of six months after the year end date.

Pp.

[chris cat] 20/6/2022 13:07

So not necessarily the results at the end of June, just the date they’ll be announced.

[piperpeter] 20/6/2022 12:25

Two months ago to the day since the last Paraguay update.

Pp.

[bengal1] 20/6/2022 12:21

Anyone got a copy of the share price Angel research note of PPC today. Looking much stronger.

[piperpeter] 20/6/2022 12:15

Will it be a one well drilling programme?

Pp.

[piperpeter] 20/6/2022 12:05

14 weeks to spud of Tapir 1 exploration well in Paraguay?

Pp.

[brasso3] 20/6/2022 12:00

All that revenue in 2021 (and 2022) but more debt needed to keep the show and the road and flat lining production.

[piperpeter] 20/6/2022 11:53

Q1 2022 Results - Argentina only...

Turnover US$8.7 million.
EBITDA and free cash generation US$4.5 million.
Profit before tax US$5.3 million.
Profit after tax US$4.5 million.

Projected 2022 turnover in Argentina alone, in excess of US$40 million.

Pp.

[piperpeter] 20/6/2022 10:29

And possibly an extra benefit of US$13 million to the profit and loss account.

Pp.

[piperpeter] 20/6/2022 10:27

EBITDA in Argentina alone of US$9.5 million.

Pp.

[piperpeter] 20/6/2022 10:25

US$14.5 million of free cash generation.

Pp.

[piperpeter] 20/6/2022 10:23

I predict 2021 full year turnover approximately US$34.2 million, without any consistent contribution from the Louisiana assets.

Pp.

[piperpeter] 20/6/2022 10:11

The date of the year end 2021 Results will be announced before the end of this month, together with an update on current trading.

AGM in July.

Pp.

[bengal1] 20/6/2022 10:00

Causing trouble again Brasso?

[brasso3] 20/6/2022 10:00

RNS Number : 4021B

President Energy PLC

10 June 2021

10 June 2021

PRESIDENT ENERGY PLC

("President" or the "Company")

Extension of deadline for publication of audited accounts for the year to 31 December 2020

President Energy (AIM: PPC), the energy company with a diverse portfolio of production and exploration assets focused primarily in South America, announces that in light of the continued difficulties faced in Argentina with respect to the pandemic, and following consultation with its auditors, the Company will require more time to complete the audit process in respect of its accounts for the year ended 31 December 2020 (the "2020 Accounts").

[bengal1] 20/6/2022 10:00

Because they said so only a couple of days ago.

[brasso3] 20/6/2022 09:59

Bengal

Nothing else they do is on time so why would I expect the FY results to be delivered by the end of the month?

[piperpeter] 20/6/2022 09:55

Update of current trading before the end of this month.

Pp.

[bengal1] 20/6/2022 09:52

The Company said in last RNS before the end of this month. Why do you think different?

[brasso3] 20/6/2022 09:30

Will PPC release 2021 FY results in the next 10 days?

Last year they held them back until the 24th August.