President Energy Share Discussion Threads

[brasso3] 27/9/2022 08:29

Techno

Few seem to understand this is the problem with consolidations on AIM.

As a penny share, 1p to 5p was much more likely than going from 200p to 1000p.

[technohead] 27/9/2022 08:27

I guess I should not be worried with such outstanding leadership
"the Chairman whose interests ... are aligned to those of its shareholders",
but what worries me most now about PPC is the consolidation.
200 @ 1p = £2.
Moving from £2 to £8 is going to be far greater a challenge - a huge challenge than moving 1p to 4p.

[brasso3] 27/9/2022 08:25

Techno

Paraguay now delayed until 2023 without explicitly stating that.

'In Paraguay, preparations for the new exploration well have continued satisfactorily with all contractual payments by the partner being paid on time and good relations enjoyed. The position with the Rig contract remains to be fully resolved due to internal complications with the current owner although this is expected to be resolved by the end of November. At that stage, a spud date will be determined'

[investorwil] 27/9/2022 08:23

It's there TH.

[bengal1] 27/9/2022 08:23

Was briefly mentioned... Rig not ready. Really!!

[technohead] 27/9/2022 08:21

What I thought as very odd and I take the point that we are "looking back" was not a mention of Paraguay.

[bengal1] 27/9/2022 08:21

All in all....Terrible results

[brasso3] 27/9/2022 08:19

New all time lows says it all!

[rizzzla] 27/9/2022 08:04

Putting aside brassos normal news rant about the price of tea bags
Cash flow is good

[brasso3] 27/9/2022 08:00

A big increase maybe but we do not know what the production figures were on the 1st January 2022 so we have no context what it means. Any other AIM O & G company would issue an RNS for this and be specific about flow rates!

'Argentina, production for August showing an increase of over 70 % compared to the level of production as at 1 January 2022'

[bengal1] 27/9/2022 07:56

That would be a very big increase.

[brasso3] 27/9/2022 07:53

These were the Q1 Argentine production figures posted by Piperpeter. If the figures are up 70% from the January numbers surely it would be better to give the market a number in BOPD terms so there is some context to the statement! PPC = maximum frustration!

Q1 2022 - Argentina;

REPORTE DE PRODUCCION.
PRESIDENT PETROLEUM S.A.
NEQUINA + NOROESTE.

Enero '22......Petroleo 7.346,703 [m3]
Febrero '22....Petroleo 6.695,529 [m3]
Marzo'22.......Petroleo 6.703,412 [m3]

Enero '22......Gas 4.424,526 [Miles de m3]
Febrero '22....Gas 3.527,889 [Miles de m3]
Marzo '22......Gas 3.530,081 [Miles de m3]

[brasso3] 27/9/2022 07:45

The reason for the recent $4m bond issue is now more obvious as our Argentine profits will be stranding in country:-

'Due to currency exchange restrictions in Argentina, the amount paid back to the UK by its Argentina subsidiary was, and still is, limited to servicing interest for part of the intercompany loan with no capital repayments currently permitted by law. By way of illustration, currently this monthly interest payment back to Group amounts to some US$ 115k'

[brasso3] 27/9/2022 07:43

I have been regularly pointing out my concern with the debt levels. Finally, PL is also acknowledging this!

'Notwithstanding my continuing financial support for what will soon be Molecular Energies through my private investment group, reducing the Group debt level including at parent level is a priority over the next months.'

[brasso3] 27/9/2022 06:39

Its the BoD that are driving the share price down. I am just pointing out their errors.

[shabs2] 27/9/2022 01:01

Private Frazer has 5 million shares but still driving the share down.lol

[super y] 26/9/2022 16:18

If Private Frazer is really invested here why does he need to remind us all how bad a company this is. We are all pi##ed off with the share price thanks.
Curious.

[brasso3] 26/9/2022 09:57

Do we have any $ in the bank?

[barony] 26/9/2022 09:54

…but our income is in $, so why hasn’t our share price gone up?

[brasso3] 26/9/2022 09:47

US 6 month LIBOR rate still increasing. Now at 4.2%

Our IYA loan interest rates are now at 14.7% and 16.7%!

[brasso3] 26/9/2022 08:35

4 days until Q4...

[brasso3] 23/9/2022 11:08

US 6 month LIBOR rate still increasing. Now at 4.18%

Our IYA loan interest rates are now at 14.68% and 16.68%!

Annual interest on the $18m now probably around $2.7m - $2.8m.

[brasso3] 23/9/2022 08:18

AiE

Its a private company pretending to be a publicly listed company.