President Energy Share Discussion Threads

[piperpeter] 03/8/2022 23:03

Louisiana Production...


Triche Estate 001 - RPT Date 05/01/2022.

Oil - 4,407 bbls.
Gas - 18,043 MCF.
Disposition - 4,145 bbls.
Closing Stock - 2,138 bbls.


Simmons 002 - RPT Date 05/01/2022.

Oil - 1,266 bbls.
Disposition - 1,349 bbls.
Closing Stock - 840 bbls.


Triche Estate 001...

01/01/2022, Oil 0, Gas 0, Disposition 0.
02/01/2022, Oil 636 bbls, Gas 1,175 MCF, Disposition 0.
03/01/2022, Oil 3,432 bbls, Gas 7,449 MCF, Disposition 3,405 bbls.
04/01/2022, Oil 3,408 bbls, Gas 7,928 MCF, Disposition 3,435 bbls.
05/01/2022, Oil 4,407 bbls, Gas 18,043 MCF, Disposition 4,145 bbls.
Closing Stock 2,138 bbls.


Simmons 002...

01/01/2022, Oil 5 bbls, Disposition 0.
02/01/2022, Oil 153 bbls, Disposition 0.
03/01/2022, Oil 1,059 bbls, Disposition 1,291 bbls.
04/01/2022, Oil 973 bbls, Disposition 590 bbls.
05/01/2022, Oil 1,266 bbls, Disposition 1,349 bbls
Closing Stock 840 bbls.

Pp.

[rizzzla] 03/8/2022 20:02

I wasn’t referring about your post

[bengal1] 03/8/2022 19:30

Wouldn't surprise me if Trafigura take a stake in Green House and something is already in the pipeline. Not sure why anyone would stir this.

[bengal1] 03/8/2022 18:35

Interesting extract..

Commodity trader Trafigura is set to take a stake in a start up company behind ambitious plans to supply car and battery makers in Europe with lithium from a UK refinery.

As part of the investment, Trafigura, one of the world’s biggest metal traders, would source Green Lithium with feedstock for its planned 50,000 tonne a year plant in the north of England and sell the finished product to customers across Europe.

It would be Trafigura’s first big deal in lithium and comes as Russia’s invasion of Ukraine has highlighted the perils of being too reliant on one country for commodity supplies.

Most of the lithium used in electric car batteries is currently extracted from brines in Chile and Argentina and from rock dug up in Australia which is then processed in China, often using fossil fuels.

Sound familiar!!

[lr2] 03/8/2022 16:06

Companies don't have to disclose the fact they are selling until the selling has finished. If they do so prior to finishing, it is merely a courtesy.

[value viper] 03/8/2022 15:15

If Trafigura have reduced significantly and have not disclosed whether they are allowed to do that or not that would be hideous and a massive vote of no confidence - I getting very anxious as to wtf might be going on here after this latest revelation Institutions can sell down without disclosing

[brasso3] 03/8/2022 12:04

Driller

With all due respect you are being very naïve if you think that happens on the AIM casino!

When IFC sold out there were not notifications at each 1% threshold:-

7th Dec 2016 - 13% (111m shares)
20th Oct 2020 - 4.9% (98m shares)
5th Nov 2020 - 0% (0 shares)

Similar when JP Morgan sold out. They went from 8.9% to 0% and only declared on 3rd Jan 2020.

[driller81] 03/8/2022 11:51

VV/Brasso, Trafigura would have to do a TR-1 everytime they went thru a % as would every other significant shareholder.

[bengal1] 03/8/2022 08:03

Traf hold 6% of ATOM.

[value viper] 03/8/2022 07:50

Yes there needs to be clarification on the Trafigura shareholding - have we missed an RNS somewhere saying they have reduced significantly ? It's like one thing after another this.....

[brasso3] 03/8/2022 07:43

AiE

There must be one of the major holders dumping as the drop from 2.5p to 1.3p in 8 months does not make any sense otherwise.

[brasso3] 03/8/2022 07:32

The President Energy website has not been updated since April 2022:-

[all in eol] 03/8/2022 07:31

Still 16.67% according to the website

[brasso3] 03/8/2022 07:30

28th July 2022 RNS:-

Non-Executive Director

Martin Urdapilleta, Non-Executive Director, retired at the Annual General Meeting of the Company held on 22 July 2022 in accordance with Article 110 of the Company's Articles of Association. Owing to increased business commitments within South America for Trafigura, Martin was unable to offer himself for re-election and accordingly has ceased to be a Director of the Company.

Notwithstanding the above, Trafigura continues as a significant shareholder in President and the parties continue to enjoy a strong and mutually beneficial trading relationship

[brasso3] 03/8/2022 07:29

Can anyone confirm? Seems strange that Trafigura have not replaced the director.

crimestoppers12 Aug '22 - 20:54 - 284 of 286

Trafigura down to %6 from %16 holding. the Trafigura director has left with no replacement. PL has been forced out. something is cooking for sure. maybe the legal hammer or the fear of it, is coming to bear?? will know in due course shortly. CRIME DOES NOT PAY

[brasso3] 03/8/2022 07:28

Crimestoppers

Where are you getting your information that Trafigura have reduced down to 6%?

[crimestoppers1] 02/8/2022 20:57

hxxps://www.state.gov/designation-of-former-paraguayan-president-horacio-manuel-cartes-jara-for-involvement-in-significant-corruption/

who is next?

[crimestoppers1] 02/8/2022 20:54

Trafigura down to %6 from %16 holding. the Trafigura director has left with no replacement. PL has been forced out. something is cooking for sure. maybe the legal hammer or the fear of it, is coming to bear?? will know in due course shortly. CRIME DOES NOT PAY

[rizzzla] 02/8/2022 14:17

We can change anything to suit brasso

[brasso3] 02/8/2022 13:41

If the Americans can change the definition of a recession maybe PPC can change the definition of what is Q4?

[piperpeter] 01/8/2022 17:01

Certainly appears to be sustained buying in ATOM.

Pp.

[bengal1] 01/8/2022 14:34

ATOM just about to shoot upwards..

[chris cat] 01/8/2022 14:02

Brasso, Agreed, c$150m sunk into Argentina has turned in c$30m so we need something different. I would prefer to see the IYA loan repaid than a share buyback. I appreciate that it is "covenant light" but it's also expensive, Further if the loan is rolling up each year then cost is compounding. I genuinely believe PL did it for the right reasons, probably also because nobody else would lend at the time. I also think the terms whilst expensive were probably ok at the time, given the risk but now we have proven that we can get finance at much better rates and are supposedly cash flow positive, so reducing this Millstone should have tangible benefits.

[brasso3] 01/8/2022 13:45

OD

Tiny amounts of trades are moving the price at the moment but unfortunatly it is mostly selling so its pushing the share price lower. A small buy-back programme of around $1m would have a significant impact on the share price. A further 2 wells in Argentina at around $7m - $8m would unlikely have any positive impact on the share price.

Paying down the IYA loan or a share buy back is the way to restore confidence in this shambles of a company and prove that there is real cashflow!