Share Name Share Symbol Market Type Share ISIN Share Description
President Energy Plc LSE:PPC London Ordinary Share GB00B3DDP128 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 9.20p 7,364 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.00p 9.40p 9.20p 9.20p 9.20p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 13.29 -9.80 -0.67 98.6

President Energy (PPC) Latest News

More President Energy News
President Energy Takeover Rumours

President Energy (PPC) Share Charts

1 Year President Energy Chart

1 Year President Energy Chart

1 Month President Energy Chart

1 Month President Energy Chart

Intraday President Energy Chart

Intraday President Energy Chart

President Energy (PPC) Discussions and Chat

President Energy Forums and Chat

Date Time Title Posts
16/8/201809:53PPC - Drilling for 1.1bn barrels of oil in 201414,451
11/11/201711:27President Energy - PPC7,281
09/1/201713:35Summary in full of PPC EGM 2 Dec 2016 9
06/11/201414:24BUY in President Energy (PPC)2
30/11/201215:00President Petroleum Company : Let the transformation begin23,986

Add a New Thread

President Energy (PPC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-08-15 15:15:589.0531,8712,884.33O
2018-08-15 12:24:179.3410,000934.00O
2018-08-15 12:18:529.0510,000905.00O
View all President Energy trades in real-time

President Energy (PPC) Top Chat Posts

President Energy Daily Update: President Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PPC. The last closing price for President Energy was 9.20p.
President Energy Plc has a 4 week average price of 8.65p and a 12 week average price of 8.65p.
The 1 year high share price is 12.50p while the 1 year low share price is currently 6.10p.
There are currently 1,071,938,326 shares in issue and the average daily traded volume is 554,826 shares. The market capitalisation of President Energy Plc is £98,618,325.99.
driller81: This is from the LSE board, and perfectly sums up my assessment of PPC. The turnaround has been dramatic both production and cash generation have totally transformed however the share price hasnt yet caught up, it surely cannot be long before all the good work gets loaded onto the share price. Generating cash, still cutting costs, making themselves self sufficient on utilities all adding to the profitability and still the remaining workover/drilling prod to look forwards to. When looking at where the price is now, it is helpful to look back to pre PF/EV. I bought in Summer 2017 prior to the PF/EV deal. I was buying into a company with production in Arg (potential to increase on a work over program), non core production in US along with possible upside from Paraguay and acreage in Argentina. In my opinion it was also under financed, loss making and not generating free cash. It was also only getting $55 pb for its oil. Being generous, group production was at best 1000 - 1100 bopd. The PF/EV deal was announced on 21 Sep 2017. The day before the shares closed at 7.2p giving a market cap of £74m. Today at a price of 9.15p and allowing for the issue of new shares to fund the deal the market cap is £98m so an increase in value of £24m or 32% But look what has changed since before the PV/EV deal:- group production towards the top end of 2500 - 3000 bopd (up something like 125 to 150% )with potential for it to move beyond following further workover and drills, They are now getting $68 for their oil, they are cash generative with a stronger balance sheet. Paraguay is still there, acreage in Salta is still there. You can draw one of two conclusions either they were massively overpriced in Sep 2017 or they are great value today. As I said before based on available information my personal target is 14p. This is of course just in my humble opinion
brasso3: President Energy Regular updates from PPC are very useful and serve to remind investors how well the company is doing in Argentina even if the share price is taking an age to respond to the good news. Today the update is on the Puesto Flores/Estancia Vieja concession which continues to deliver the goods as investment is increased. Current oil production is 2,000-2,100 b/d with the workover campaign continuing, planning for three development wells is under way and expected to start at the end of September. This programme is entirely funded by PPC resources and facilities and so far is under budget with no accidents. Extended testing at the Estancia/Vieja field has been successful so far with EV-8 producing gas at the equivalent rate of 200 b/d whilst testing at EV-19 indicates nearer 250 boe/d. Data from the EV-13 well earlier in the year will also be used to assess capacity and field potential. The company plans to self-generate power here and with work already under way it could be up and running by early 2019 given the good flow rates achieved by the EV wells. As I said at the top this is more good news from PPC with both the oil at PF providing significant cash flow and gas at EV providing more than enough power to make the field self sufficient in energy next year with the possibility of much more. The shares are worth way in excess of the current price which must still be reflecting Argentine worries which can now be discounted. Https://
cerrito: My delayed report which repeats some points made by others I thought a good AGM with PL on the speaker phone from BA and q&a for almost an hour. Formal business dealt with rapidly. As one would expect with the shareholder base a reasonably high 60 pc voter turnout and all resolutions passed essentially unanimously. Things that caught my attention in q& a. Question on earnings guidance. Notes are put out by ex broker Peel Hunt as well as BMO and Finncap. I see that Digital Look has brokers' forecasts for this year revenue at US 44.87 m and next at US 56.58m and 2018 pre tax profits at US12.57 m and next year at US21.11m with a dividend for next year. One shareholder expressed extreme frustration at slow progress in PG given comments made in 2012. PL recognised that field more complicated than at first thought; drilling more expensive than in the South but do have a 35 year concession, good relationship with the Province and are making money. PL as an ex lawyer taking a proactive role in the legal cases which it currently appears will drag on till next year. One is in arbitration and the other in the Argentine courts and reiterated that had provided against unpaid invoices. Questioned about not complying with previous plans to start drilling in Paraguay in 2018, PL reiterated what he said at the Analyst's call- that had decided to concentrate on maximizing the opportunities in PF/EV. Confirmed that had given appropriate assurances to Paraguayan government that they would drill in 2019 and if they could not get in a farm in partner would have the internally generated cash flow to finance the US 12 m expenditure. Alluded several times to how well the business and cash flow was going. Confirmed had zero interest in getting involved in Shale which is for the big boys; continue to look at m&a opportunities but have not had one where the price makes sense. Asked about the impact of the devaluation he said it was neutral in terms of their ongoing operations. That said it has a negative in that it dampens the increase in prices that the producers receive: given what has gone on in Brazil in the last couple of months following the increase in international oil prices, Macri has to tread carefully. This issue came up ; PL was confident that they would continue to receive US 66/68 per barrel, which is of course US10 below current international prices. In fact the FT had an article on Friday commenting on shale activity in Vaca Muerta being threatened given this current oil price being received on Argentina. Too bad I did not read this article before the meeting. I gathered that no announcement has been made on future prices; my reading is that they will rise slowly and that for the rest of the year there will continue to be a differential between the domestic and international oil price which will be a downer for the share price. The current FX rate is ARG 28 /US and does not appear to have strengthened with the IMF agreement. I gathered that even with the increased activity in Vaca Muerta, there are no issues with the supply chain. Do not anticipate buying or selling but am waiting the Interims with interest. PS Neither Louisiana or the BA listing came up
brasso3: It will need more director buying to move the share price. Too many stale bulls and placing investors from years gone by that are prepared to throw the towel in with any strength in the share price.
brasso3: I am hoping the low share price puts an end to the Argentine listing. PL did say he would not be going forward with it at this low share price as the placing dilution would not be appealing. I feel that announcement has partly contributing to the decline from 11p - 9p in conjunction with the Argentine economic situation.
brasso3: PPC share price has never reacted to good news. It would not be unfair to conclude that there must be something more fundamental that is wrong with the company.
brasso3: The worrying thing for me is that whatever good news PPC release it seems to have no positive impact on the share price. When we were kicking out 700 BOPD (PG + ELV) the share price was around 6p - 12p. After the PF acquisition gross production was 2000 - 2200 BOPD and the share price peaked at 12p. Now at ~2900 BOPD we are sat at 9.2p. The market seems to not show any interest towards the Argentina assets.
brasso3: I have listened to 10 years of similar posts from PP to the above yet the PPC share price is near record lows. TXP will be paying dividends before PPC and its actually part of the management strategy!
brasso3: Good post Chopper (12061). With oil looking like its on the turn maybe this will take some pressure off the PPC share price. Really bemused about the recent 5 well workover campaign in Argentina as I was starting to think we understood these old shut in wells.
zengas: Just before the 1st well spud in Paraguay, PPC acquired the 5% interest held by LCH in Pirity. They got $250k cash and 10.206m shares at 35p = total of about $5.5m. They also are entitled to a further $5m worth of shares if a commercial discovery is made which will be calculated at 35p. They also have an option for 4.252m warrants that they can buy at 47p by 12th September 2016. VRY now give up 36% for less than the total cost that PPC paid LCH for just 5%. LCH may or may not have sold it shares but if it still has them they are worth $1.5m at todays PPC share price and ultimately has a much better beneficial interest than VRY will ever have - LCH also can benefit from any upside in Puesto Guardian, Martinez del Tineo deep prospect/farmout, Hernandarias and Pirity whereas VRY can't - only benefitting by a 3% net revenue interest on any production at Pirity. LCH benefit if a commercial discovery is made even if it doesn't enter production. Who did the better deal in terms of risk ? - LCH most definitely imo. They had just 5% and now find they are worth more than VRY who have had to give up its 36%. Will the small HC S.A with 20% in Hernandarias consider the above going forward ?
President Energy share price data is direct from the London Stock Exchange
add chat code
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20180816 12:23:22