President Energy Share Discussion Threads

[super y] 07/9/2022 14:33

Always takes brasso to cheer everyone up.

[brasso3] 07/9/2022 13:40

2,000,000,000 / 200 = 10,000,000 shares. A ridiculous low number of shares for a listed company.

Get ready for loads of placings going forward!

[chris cat] 07/9/2022 09:15

PP - Any chance you can post the July production numbers please?

[chris cat] 07/9/2022 09:14

Happy to support anything that may help to rescue this utter shambles of a performance, however I will not be supporting the extension of share authorities. Clearly it will go through anyway given PL's holding but I can just sense de-javue with placings etc. once the share price has been artificially pumped up to a higher level

[lr2] 07/9/2022 09:02

It's been done to stop the company looking like a basket case for awhile. I'm sure he will be back issuing confetti shares soon.

[togglebrush] 07/9/2022 08:57

Overwhelming interest and reaction to Peter Levine's latest announcement

[rizzzla] 07/9/2022 07:44

200 /1 plus founder deferred

[all in eol] 07/9/2022 07:02

CIRCULAR TO SHAREHOLDERS

Share Authorities

Capital Reorganisation

Change of Name to Molecular Energies PLC

Notice General Meeting

President Energy (AIM: PPC), the international energy company is today publishing a Circular to be sent to shareholders containing a Notice convening a General Meeting of the Company relating to various corporate matters, including a share capital re-organisation and change of name. The Circular, Notice of General Meeting and Proxy Form are available on the Company's website at www.presidentenergyplc.com/investors/documents-circulars/ .

Circular to Shareholders

President is today posting a circular to shareholders ("the Circular"). The Circular is sent in connection with:

-- a proposed capital reorganisation which will result in shareholders holding one new ordinary share for every 200 existing ordinary shares

-- a proposed change of name of the Company to Molecular Energies PLC with a new ticker LON: MEN

-- a proposed extension of share authorities to give increased power to the Directors to allot shares on a non-preemptive basis providing flexibility in the evolving Group including its Green House Capital division

Green House Capital

The matters referred to in the Circular form part of a defined evolution strategy of the Company, including a focus on the newly created Green House Capital Division.

[brasso3] 06/9/2022 09:18

I wonder how Daniel's review of all Argentine operations is moving along...

1st March 2022 RNS:-

Management update

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.

[brasso3] 06/9/2022 07:05

24 days until Q4...

[brasso3] 05/9/2022 11:54

Super Y

They do not want us to know what the funds are for that is why they used the wording 'working capital' in the RNS to keep it ambiguous.

[super y] 05/9/2022 11:41

Brasso these are questions that you need to raise with the company instead of this or other boards that you seem to use. Please let us know the answers and to allow us make our investment decisions if you wish to help.

[brasso3] 05/9/2022 11:29

Anyone still think its strange that we do not know what these funds were for?

16th June 2022 RNS:-

New Bond Issue

President Argentina has issued a further tranche of US$3.585 million in bonds to the local market to fund further working capital and capital expenditure. The interest rate is 3.89% with a 25-month repayment period and an initial 16 capital repayment month holiday.

[bengal1] 05/9/2022 08:31

Good relationship work in Paraguay.

[brasso3] 05/9/2022 08:26

I expect we will be told Paraguay has now slipped into H1 2023 soon. I doubt that the high interest IYA loan will be paid down unless Trafigura force the issue.

[chris cat] 05/9/2022 08:21

Assuming we have cash set aside for Paraguay and it doesn't go ahead....will we use that cash to pay down high coupon debt...or will we just kick Paraguay down the line again

[brasso3] 05/9/2022 08:15

25 days until Q4...

[all in eol] 05/9/2022 07:55

Posted by investorwil
Not showing yet on advfn.



RNS Number : 1911Y ATOME Energy PLC 05 September 2022

5 September 2022



ATOME ENERGY PLC

("ATOME", the "Company", or the "Group")



Further operational progress with acquisition of 75 acre site for Villeta
facility



ATOME Chair to speak at IDB and Government sponsored "Invest in Paraguay"
event



ATOME Energy (AIM: ATOM), the only pure international green hydrogen and
ammonia production company on the London Stock Exchange with current large
scale industrial projects concentrating on energy and food security as well as
hydrogen mobility projects, announces further operational progress with the
acquisition of a 75 acre (30 hectare) site for its Villeta, Paraguay
production facility.



Land acquisition in Villeta

Following the recently signed 60MW power purchase agreement and subsequent
awarding of the FEED contract in relation to the Civil and Electromechanical
works at the Villeta substation announced on 28 July 2022, ATOME is pleased to
announce the securing of a 75 acre site adjacent to the Villeta substation for
its Villeta production facility (the "Site"). ATOME through its Paraguayan
subsidiary, ATOME Paraguay S.A., has entered into the freehold purchase
contract to acquire the Site from an unrelated local landowner with completion
scheduled in four months at a price of US$900,000, considered a market
valuation, with the full 10% deposit already having been paid and balance due
on completion. The purchase monies are able to be paid out of ATOME's existing
resources.



The Villeta facility is the first phase of what is ultimately projected to be
a total of some 400MW of capacity in Paraguay. The large 75 acre Site will
provide room for expansion and facilitate the ability as may be required to
store and act as a delivery point for ATOME's Paraguay production.



Not only is the Site adjacent to the Villeta substation of ANDE, the national
power distribution company, thereby minimising the cost of transmission lines,
it is conveniently situated near the major Villeta port facilities on the
River Paraguay, itself only 35km from the capital Asuncion. The navigable
Paraguay River merges further downstream with the Parana River and thence
through the River Plate to the Atlantic Ocean. It is accordingly an important
waterway linking inland cities in Paraguay such as Villeta to international
export markets and provides ATOME with its route to export markets as it
expands production.



The Site is close to major fertiliser distribution companies who currently
import all ingredients for the products they sell from outside of Paraguay and
transported up the river from countries such as China and Russia. The Site is
also near barge building companies contributing to Paraguay's third largest
barge fleet in the world.



Chair, Peter Levine, to speak at Invest in Paraguay on 8 September 2022

The Government of Paraguay in association with the multilateral institution,
the Inter-American Development Bank (IDB) is hosting an international "Invest
in Paraguay" event on 8-9 September 2022 in Asuncion, the capital of Paraguay,
at the headquarters of the South American Football Federation.



Peter Levine, Chair of ATOME, has been invited to speak at the event
alongside, amongst others, the President of ANDE and the Paraguayan General
Director of ITAIPU BINACIONAL, the second largest-hydroelectric dam in the
world, a position that James Spalding, now President of ATOME Paraguay and
main board director of ATOME, held for five years between 2013-2018.



Olivier Mussat, CEO of ATOME, commented:

"As we continue to make progress, the acquisition of the Villeta site is the
next step on our critical path to achieve ATOME's business plan and vision to
fast-track our projects by locating near the source of power. Accordingly, we
were very pleased to come to an agreement to secure freehold land adjacent to
ANDE's substation, near potential end customers and export facilities.



"The large 75 acre footprint not only enables ATOME to have room for future
expansion and facilitation of storage but it also gives ATOME the scale to
grow its business footprint and attract associated industries and provide new
sustainable jobs. This is a great opportunity to bring in third party
complementary businesses in the energy and fertiliser value chains, creating
wealth for the country and value for our shareholders."

[brasso3] 05/9/2022 06:24

I notice we did not get any communication that the Louisiana wells came back on line in August! Not surprised of course!

28th July 2022 RNS:-

Louisiana

To maintain and enhance production in Louisiana a gas lift system is currently being installed and implemented with wells expected to be fully operational again in August.

[crimestoppers1] 04/9/2022 04:09

was also before the US took a active role against corrupt Paraguayan operators..

[chris cat] 02/9/2022 14:24

lol, Brasso, very sharp

[brasso3] 02/9/2022 14:13

The assassin showed a level of incompetence that we are familiar with in Argentina!

[chris cat] 02/9/2022 13:58

Not much reaction to the attempt on Ms Fernandez life

[brasso3] 02/9/2022 13:35

When the above RNS was issued the share price was around 2.25p and WTI oil was below $40/ barrel!

[brasso3] 02/9/2022 13:28

With current oil prices I doubt very much the drilling will still be as low as $10m - $15m. We know PPC tend to over run when it comes to budgets!