President Energy Share Discussion Threads

[brasso3] 23/8/2022 19:10

1.5p is the next resistance level to break this recent downtrend.

I think confirmation of Paraguay spud date or a debt reduction/ share buy back would take this to the 1.5p - 2p range in a single day. Why are the management so far out of touch with the markets?

[piperpeter] 23/8/2022 17:33

Promotion!

Promotion!!

Promotion!!!

Pp.

[piperpeter] 23/8/2022 17:12

If I were CEO, I would ensure that the Company Twitter account was put to good use every day.

Every single day, without fail.

Pp.

[piperpeter] 23/8/2022 16:54

cc,

Non-executive chairman.

Pp.

[chris cat] 23/8/2022 15:17

PP, in theory yes, but what about when Chairman of the wider group is directly effected.

[piperpeter] 23/8/2022 15:02

Surely, if you're CEO, you don't suggest...you make the decision?

Pp.

[chris cat] 23/8/2022 14:44

I wonder what will happen if the new CEO suggests that a better use of our Working Capital is to pay down the high coupon debt.

[piperpeter] 23/8/2022 14:33

Personally, I would prefer a new CEO be appointed in a much earlier time frame than is currently expected.

Better for everyone, I would suggest.

Pp.

[piperpeter] 23/8/2022 14:23

Well, something must have occurred, surely, for the CEO to announce he is stepping down.

But not just yet...

Pp.

[brasso3] 23/8/2022 14:03

I think if we had a more vocal share holder base we would have had a new CEO a long time ago!

[piperpeter] 23/8/2022 14:01

Ultimately, would the Company, and its shareholders, benefit from the appointment of a CEO who's not afraid to apply the hairdryer treatment, when required?

Pp.

[piperpeter] 23/8/2022 13:53

Will the PPC Board ultimately make the decision on appointing the new group CEO?

And if so, will they back a 'steady as she goes' kind of personality?

Or go for a dynamic, 'get it done and get it done now' personality?

Pp.

[bengal1] 23/8/2022 13:37

Funny how your negativity coincides with the share price fall Brasso. You are your own worst enemy.

[piperpeter] 23/8/2022 13:25

Well, they won't be able to drag it out for much longer or the Concession will expire.

Pp.

[brasso3] 23/8/2022 13:20

The lack of activity at the Paraguay assets might go back to 2014 but the last 3 years of constant delays and excuses is more frustrating!

23rd May 2019

In Paraguay, the farm-out process continues whilst preparations are underway in any event to enable drilling operations to commence at Delray Main in late Q4 2019 or Q1 2020

30th September 2019

It remains the intention that exploration drilling will commence in 2020.

22nd June 2020

The planned drilling in Paraguay scheduled for 2020 has been deferred into 2021.

26th August 2020

There is of course no guarantee that such discussions will result in mutually agreeable definitive agreements being signed but, in the event they do so proceed positively, it is currently anticipated that definitive agreements would be concluded before the end of this current year with commencement of drilling during 2021

26th October 2020

Farm out discussions in relation to the Pirity Concession, Paraguay are continuing with a national oil company with a view to drilling an exploration well at the Delray complex of prospects next year.

22nd February 2021

Paraguay farm-in discussions ongoing, targeting completion during H1. Initial well planning to drill the high impact Delray complex exploration well within next 12 months

24th August 2021

Drilling is expected to commence in the first half of 2022 at the high impact Delray complex of prospects internally estimated to contain 230 MMbo of unrisked oil in place.

[piperpeter] 23/8/2022 13:16

I imagine there must be an enormous amount of work going on in the background with regard to Paraguay.

The intriguing thing, for me, is why is it taking so very, very long to get one well drilled at a site that has been drill ready since 2014?

Perhaps, ultimately, it is more involved than just drilling a single well?

Pp.

[brasso3] 23/8/2022 12:41

Likewise with Jordan on Paraguay?

1st March 2022 RNS:-

'Jordan Coleman, our hard working COO for Latam will continue to work with Daniel during the transition. His future focus will centre on our Paraguay exploration project, overseeing the business in the United States as well as providing such continuing support for Daniel as may be necessary.'

[brasso3] 23/8/2022 12:40

What has Daniel been up to in the last 6 months?

1st March 2022 RNS:-

'The Company is pleased to announce that it has recruited Daniel Musri, an Argentine national, to the position of CEO of President Argentina. Whilst it is a non-main board position, Daniel has overall responsibility for President's operations in that country. Daniel, who joins us from Vista Oil and Gas, the Mexico/Argentina public oil and gas company, is a reservoir engineer by training and, prior to Vista, worked for 10 years as Vice President for Schlumberger in their Production Management arm, and before that for 18 years at the large Argentine oil and gas company Perez Companc, rising from junior reservoir engineer to asset manager. Daniel has been tasked with reviewing all operations within President's Argentinian business with a view to improving the returns from these operations and ensuring targets that are set are met with the appropriate accountability for results.'

[piperpeter] 23/8/2022 12:23

Hopefully, soon we will get an update on Louisiana production.

Pp.

[brasso3] 23/8/2022 12:17

38 days until Q4...

Paraguay?

[piperpeter] 23/8/2022 12:13

Hopefully, soon we will get an update on the Lithium project.

Pp.

[brasso3] 23/8/2022 06:18

You are dreaming again like your talk of profitability and dividends.

PPC has never achieved organic growth and has to cover the shortfall every year with placings or debt.

You seem to like to distract everyone from the real issues here. Why are other oil companies performing well on AIM like JSE/ PTAL/ GKP/ SQZ during this oil bull market?