President Energy Share Discussion Threads

[officerdigby] 01/8/2022 13:09

......Indeed two more wells to decide if they CBA to drill.40 % of Paraguay to pay. Again subject for first proviso.Now time is to recapitalize via revenue accumulation pay down debt. They might want to keep some cash to avoid ATOME dilution Or feasibility stuff on these new projects.But no point in buy back IMO. I'm looking forward to PL NOT writing the RNSs.

[brasso3] 01/8/2022 12:19

I agree and the same results will be achieved as history tells us this.

[bengal1] 01/8/2022 12:17

The UK will follow with the growth of the benefits system and aging population.

[brasso3] 01/8/2022 12:01

Argentina’s Government Collapsing, People Refuse To Work Amid Major Subsidy Cuts



“I’ve seen five presidents come and go in that time; nothing has improved. Half of our country doesn’t want a job, and the ones that do, don’t want to pay the taxes for the others,” he said.

[brasso3] 01/8/2022 11:41

60 days until Q4... Still no movement on Paraguay!

[brasso3] 01/8/2022 11:30

What investment plans are you referring to in the H2 2022?

The Paraguay well is mostly carried if it takes place in 2022.

[officerdigby] 01/8/2022 11:28

Why would they do a buy back when end of year they had £2m?When they have IYA debt and bond debt?And they have investment plans in different countries and new projects to sink cash into.?

[brasso3] 01/8/2022 09:28

Its not in PLs interest to pay down the IYA loan.

It would take pressure from the like of Trafigura for this to take place.

[crimestoppers1] 31/7/2022 21:50

I wonder why Trafigura jumped ship?? maybe they know something that is not disclosed yet. first PL then the major director, who is next until ???????????

[piperpeter] 29/7/2022 23:43

Example;

How much would it have cost the Company today to have purchased a similar number of shares as traded throughout the day, both sells and buys?

Pp.

[piperpeter] 29/7/2022 22:29

It wouldn't be impossible to do both; as I stated, it would not take a lot of cash to implement a buy-back of PPC shares, nor to increase the holding in ATOM.

With revenue this current year to be in excess of US$40 million, there is obviously plenty to go round, so paying back some extra on debt ought not to be a great strain.

Pp.

[chris cat] 29/7/2022 18:53

Fair enough, each to their own. My thinking is that over many years we have been unable to consistently increase production in Argentina. We are currently in an oil bull run, assuming at some point prices drop and production drops then our best chance to keep alive…without more fund raising is to keep costs down and the IYA loan isobar of our largest ongoing “fixed” costs.

[piperpeter] 29/7/2022 17:51

Disagree.

A share buy-back here, coupled with buying more ATOM will put pressure on both companies share price to rise.

It wouldn't take a lot of cash to implement.

Pp.

[chris cat] 29/7/2022 17:16

Surely pay down high coupon debt first Pete. If the wells deplete like before then lower interest charges would be more beneficial

[piperpeter] 29/7/2022 17:05

Good time for the Company to initiate a share buy-back programme, coupled with buying some more ATOM shares.

Double benefit is obvious.

Pp.

[chris cat] 28/7/2022 20:40

Estimating 3 wells at 150bbl x $67 is $11m per year so not insignificant, should pay back the well investment in just over a year…if we ever found out what the actual cost actually was. However the concern is the depletion rate of the Argentina wells. The PzpC cynic in me gets concerned at the wording though “operationally profitable” is that before interest and depreciation as operating profit is usually the same as EBITDA, so are we covering interest, then “cash flow positive” is that before or after IYA interest, which appears to be rolling up rather than being paid in cash. Also there is no “pleased to announce” at the start. On the whole it feels positive but not as positive as we’d hoped/been lead to believe at the start of the program. If it hadn’t have been for the Russia problems lifting oil prices the metrics would look a good bit different. Still it’s not bad news so hopefully we move on. I wonder if Martin is the seller now he’s or involved

[piperpeter] 28/7/2022 20:18

Large Shareholders and Director's interest in ATOM...

Peter Levine..............28.07%
President Energy..........27.90%
Trafigura..................6.10%
Schroders..................5.20%
Olivier Mussat.............1.15%
Mary-Rose De Valladores....0.36%
Robert Sheffrin............0.25%
Nikita Levine..............0.20%
James Spalding.............0.14%
Richard Day................0.05%

Total.....................69.42%

32,500,000 shares in issue.

Only 9.9 million shares in ATOM are not included in the above list.

Pp.

[piperpeter] 28/7/2022 19:48

Good time for the Company to initiate a share buy-back programme, coupled with buying some more ATOM shares.

Double benefit is obvious.

Pp.

[piperpeter] 28/7/2022 19:29

More like a manipulator, or manipulators, I suspect.

Pp.

[piperpeter] 28/7/2022 19:15

Was there ever a "seller"?

Pp.

[bengal1] 28/7/2022 17:42

Looks like the seller has cleared.

[bengal1] 28/7/2022 15:18

Not much available on ATOM either. Reckon that will close above £1.